EastGroup Properties (EGP) recently announced that it acquired Hays Commerce Center 3 & 4 in Austin for around $36 million in August. With this, the REIT's ownership in Austin reached around 1,756,000 square feet. Developed in 2022, this property, which comprised two industrial buildings totaling 179,000 square feet, is fully leased to five tenants. EastGroup's performance is a testament to its business acumen. As of Sept 4, 2024, the REIT's portfolio boasted a solid 97.0% lease rate and a 96.8% occupancy r ...