8-K 1 form8-k_xxixparkplaceandti.htm 8-K Document

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): September 27, 2019

HARTMAN vREIT XXI, INC.
(Exact name of registrant as specified in its charter)

 
 
 
 
 
Maryland
 
333-207711
 
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 September 24, 2019, Hartman vREIT XXI Operating Partnership L.P. (“vREIT XXI L.P.”), the operating partnership of the Company, entered into a Purchase Agreement with BRI 1840 Park Place, LLC and BRI 1826 Delaware Timberway, LLC, each an unrelated third party, for the acquisition of two multi-tenant office properties located in Houston, Texas.  The aggregate purchase price for the properties is $19,600,000, exclusive of closing costs and transaction fees.  The Company intends to finance the acquisition of the properties with proceeds from its public offering.

The anticipated closing date for the acquisition of the properties is on or before November 23, 2019.  The acquisition is subject to customary conditions to closing, including the absence of a material adverse change to the properties prior to the acquisition date.  There is no assurance that the Company will close the acquisition of the properties 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.


___________________________________________________________________



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: September 27, 2019
By:
/s/ Louis T. Fox, III
 
Chief Financial Officer
 
 
___________________________________________________________________


EXHIBIT INDEX

Exhibit
 
Description
10.1
 
Purchase Agreement, dated September 24, 2019 by and between BRI 1840 Park Place, LLC, BRI 1826 Delaware Timberway, LLC and Hartman vREIT XXI Operating Partnership L.P.