Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - Hartman Short Term Income Properties XX, Inc. | ae135_purchaseagreementcom.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 2018 (October 24, 2018)
HARTMAN vREIT XXI, INC.
(Exact name of registrant as specified in its charter)
Maryland | 333-185336 | 38-3978914 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
2909 Hillcroft, Suite 420, Houston, Texas | 77057 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant's telephone number, including area code: (713) 467-2222
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x
Item 1.01 Entry into a Material Definitive Agreement.
On October 24, 2018, Hartman vREIT XXI, Inc. (the “Company”), entered into an Agreement of Purchase and Sale and Joint Escrow Instructions Agreement with Pace-Spectrum, LLC for the acquisition of a 10 story, 175,314 square foot, multi-tenant, office property located in San Antonio, Texas. The property is commonly referred to as the Spectrum Building. The aggregate purchase price for the Spectrum Building is $15,750,000, exclusive of closing costs and transaction fees. The Company intends to finance the acquisition of the Spectrum Building with proceeds from its public offering and financing secured by the property.
As of October 24, 2018, the Spectrum Building is 87.7% occupied by 12 tenants.
The anticipated closing date of the acquisition is November 26, 2018. The acquisition of the Spectrum Building is subject to customary conditions to closing, including the absence of a material adverse change to the Spectrum Building prior to the acquisition date. There is no assurance that the Company will close the acquisition of the Spectrum Building on the terms described above or at all.
The material items of the agreement described herein are qualified in their entirety by the agreement attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit | Description | |
10.1 | Agreement of Purchase and Sale and Joint Escrow Instructions Agreement, dated October 24, 2018 by and between Pace-Spectrum, LLC. and Hartman vREIT XXI, Inc. | |
___________________________________________________________________
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
HARTMAN vREIT XXI, Inc. | ||
(Registrant) | ||
Date: October 30, 2018 | By: | /s/ Louis T. Fox, III |
Chief Financial Officer | ||
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