Hayman Spends Big in August

LOS ANGELES—Hayman Properties completed $53 million in transactions during the month of August. The investor purchased four value-add office properties throughout the US during the month, bringing its portfolio value to more than $150 million.

“We had a rather large equity stack of almost $15 million that we needed to put to work from a single 1031 where we had done extremely well. That is how these transactions came about,” Robert Hayman, CEO and principal of Hayman Properties, tells GlobeSt.com. “We take a long-term vision of the properties we buy in house and a short-term vision for the properties that we syndicate, but everything that we buy is quality and a good rationale for an exit strategy if and when we choose to exit.”