Dear Hartman Team Members,
As we enter the second half of 2022, we are striving to exceed our goals this year as a company through the hard work and dedication of our team members.
The leasing team achieved nearly 370,000 square feet through May from almost 200 new leases. In May, we are ahead of budget with 84.02% occupancy. Our leasing team ended May with 40 new leases and over 95,000 square feet. Allison Fannin was our top performer this month, with 19,761 net square feet leased, netting a 5% occupancy increase in her portfolio.
For over three decades, Hartman has focused on building the company as one of the country’s best REITs. We do this through friendly, reliable, and consistent white-glove service at all of our properties. Our company’s vision states, “We deliver exceptional investor returns through an empowered team that provides unparalleled service to tenants in an environment of belonging and purpose.” I am excited to see our NPS (Net Promoter Score) results over the next month, along with the feedback on the team’s exceptional service and the constructive feedback we receive. It is this feedback that is vital to our growth and the improvements we can make at our properties to enhance the amenities and services we provide to our tenants. The marketing and property management teams are working in tandem to develop a video that shares what NPS means to all of us and how much success we have had in raising the bar time and time again. I am looking forward to seeing the final product, so please make sure you are subscribed to our Hartman Income REIT YouTube Channel!
As you all know, the company has been embarking on a refinance of many of our properties and I am pleased to report that it is scheduled to close soon. Thank you to our esteemed Financial Committee for their hard work in ensuring the best outcome for the company. It is no small feat!
At our last companywide meeting, our Senior EVP of Leasing, Richard Maloof, spoke on Tribal Leadership. As an organization, we have reached a Level 5 company and have cast a vision of how we will continue to improve. We focus on outstanding communication and groundbreaking efforts to continue tried-and-true innovation that occurs with an unbridled passion.
In closing, I hope you all enjoy your long 4th of July weekend with your family and friends. As you celebrate our freedoms with your families this weekend, I remind you to be grateful to God for the opportunities and freedoms we have in our country. Still, they are nothing compared to the spiritual freedoms we have for eternity through Jesus Christ. Our country was founded on a shared belief that was written into our constitution, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness.” I am proud to be an American and have the truths that our Creator endowed.
“Blessed is the nation whose God is the Lord; and the people he chose for his inheritance.” – Psalm 33:12