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): March 26, 2015 (March 24, 2015)
HARTMAN SHORT TERM INCOME PROPERTIES XX, INC.
(Exact name of registrant as specified in its charter)
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Maryland | | 333-185336 | | 26-3455189 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
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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:
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| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On March 24, 2015, Hartman Short Term Income Properties XX, Inc. (the “Company”), through Hartman XX Limited Partnership, the operating partnership of the Company, entered into a purchase and sale agreement with PKY 400 North Belt, LLC, relating to the acquisition of a 12 story suburban office building commonly known as 400 North Belt (the “North Belt Building”), containing 230,872 square feet of office space located in Houston, Texas for an aggregate purchase price of $10,150,000, exclusive of closing costs. The Company intends to finance the acquisition of the North Belt Building with proceeds from its ongoing public offering and financing secured by the North Belt Building.
The acquisition of the North Belt Building is subject to customary conditions to closing, including the absence of a material adverse change to the North Belt Building prior to the acquisition date. There is no assurance that the Company will close the acquisition of the North Belt 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.
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Exhibit | | Description |
10.1 | | Purchase and Sales Agreement, dated as of March 24, 2015 by and between PKY 400 North Belt, LLC and Hartman XX Limited Partnership. |
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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.
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| HARTMAN SHORT TERM INCOME PROPERTIES XX, INC. |
| (Registrant) |
Date: March 26, 2015 | By: | /s/ Louis T. Fox, III |
| Louis T. Fox, III |
| Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit | | Description |
10.1 | | Purchase and Sales Agreement, dated as of March 24, 2015, by and between PKY 400 North Belt, LLC and Hartman XX Limited Partnership. |
