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May 2, 2023

Formerly Struggling Houston REIT Jumps On The Self-Storage Bandwagon

Venue Announced For Houston Industrial & Port Update

When Silver Star Properties REIT, formerly known as Hartman Short Term Properties XX, began seeing four major asset classes fall off their pedestals, it cut its losses and pivoted.

The Houston-based company, an affiliate of Hartman Income REIT Management, is selling off its office, retail and industrial properties to focus exclusively on self-storage, a sector it believes is recession-resistant and ripe for aggregation as a fragmented, specialized, yet vital link in the chain.

Formerly Struggling Houston REIT Jumps On The Self-Storage Bandwagon

“Everybody knows office has steadily fallen out of favor since the beginning of the pandemic,” Silver Star Chief Investment Officer David Wheeler said. “We've had challenges for quite a few years with the capital investment necessary to keep office properties performing and updated.”Maintaining office buildings meant incurring…

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3 Is The New 5: Jittery Texas Tenants Halve The Length Of Average Office Leases

3 Is The New 5: Jittery Texas Tenants Halve The Length Of Average Office Leases  

Three-year office leasing terms are the new sweet spot in Texas, according to research from Partners Real Estate finding tenants in four major metros have cut the length of leases nearly in half over the past 12 months.

A report released Thursday analyzed about 5,000 office leases signed in Austin, Dallas-Fort Worth, Houston and San Antonio over the past year. In each market, 44% to 56% of new lease terms were for a three-year period, down from the historic long-term average of five years. Less than one-year terms made up the…

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In With The Old: Houston Tiptoes Toward More Adaptive Reuse

In With The Old: Houston Tiptoes Toward More Adaptive Reuse  

If the Alamo was in Houston, Houstonians would’ve torn it down to build something else.

So says Ori Batagower, new development and acquisitions director for The Deal Co., one of several panelists at Bisnow’s Houston State of the Market event April 27 to proclaim that razing is out and a new era of adaptive reuse is in.

Bisnow's event was held in a raw space at 1512 Center St., the original 1927 Bosworth Paper Co. building that The Deal Co. is redeveloping — a fitting symbol of changing mindsets in a city known for no hesitation when it comes to chucking out the old and making way for the new. Batagower and others agreed more Houston…

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This Week's Houston Deal Sheet

This Week's Houston Deal Sheet  

Greystar Real Estate Partners is offering a new kind of leasing experience at Ltd. Med Center, where move-ins began April 18. Ltd. Med Center features a leasing process that includes self-guided or virtual tours and limited rent increases.

Renewals will be capped at 3% or tied to the 12-month change in the consumer price index, whichever is greater, so residents will always know what their renewal rate will be months in advance. The aim of the community is to provide lower rents for Houstonians in quality housing. The community has…

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