Hartman vREIT XXI Enters Material Definitive Agreement

Hartman Vreit Xxi, Inc. 8-K Filing Summary
FieldDetail
CompanyHartman Vreit Xxi, Inc.
Form Type8-K
Filed DateSep 12, 2025
Risk Levelmedium
Pages2
Reading Time3 min
Key Dollar Amounts$41.9 million
Sentimentneutral

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

Hartman vREIT XXI just signed a big deal creating a new financial obligation. Details to follow.

AI Summary

Hartman vREIT XXI, Inc. entered into a material definitive agreement on August 13, 2025. This agreement creates a direct financial obligation for the registrant. The filing was made on September 12, 2025, with the earliest event reported on August 13, 2025.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Hartman vREIT XXI, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation suggests potential changes in the company's debt structure or financial commitments, which warrants closer examination.

Key Players & Entities

  • Hartman vREIT XXI, Inc. (company) — Registrant
  • August 13, 2025 (date) — Date of earliest event reported
  • September 12, 2025 (date) — Filing date

FAQ

What is the nature of the material definitive agreement entered into by Hartman vREIT XXI, Inc.?

The filing states that Hartman vREIT XXI, Inc. entered into a material definitive agreement on August 13, 2025, which creates a direct financial obligation or an obligation under an off-balance sheet arrangement.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on August 13, 2025.

What is the filing date of this Form 8-K?

This Form 8-K was filed on September 12, 2025.

What is the state of incorporation for Hartman vREIT XXI, Inc.?

Hartman vREIT XXI, Inc. is incorporated in Maryland.

What is the business address of Hartman vREIT XXI, Inc.?

The business address of Hartman vREIT XXI, Inc. is 11211 Katy Freeway, Suite 309, Houston, Texas, 77079.

Filing Stats: 709 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2025-09-11 18:32:01

Key Financial Figures

  • $41.9 million — paid principal balance of approximately $41.9 million as of August 13, 2025, and extends the

Filing Documents

01 Entry into Material Definitive Agreement

Item 1.01 Entry into Material Definitive Agreement Modification to Master Credit Facility On August 13, 2025, Hartman vREIT XXI Operating Partnership L.P., Hartman Spectrum, LLC, Hartman 1400 Broadfield LLC, Hartman 16420 Park Ten LLC, Hartman 11211 LLC, and Hartman 7915 FM 1960 LLC, Hartman Timberway II, LLC, Hartman Village Pointe, LLC, Hartman Park Ten Place I & II, LLC, collectively the ("Loan Parties"), entered into an extension and modification (the "Modification") to the master credit facility agreement dated December 27, 2018 with East West Bank ("Lender"). The Modification acknowledges the unpaid principal balance of approximately $41.9 million as of August 13, 2025, and extends the term of the master credit facility agreement to July 15, 2027. The promissory note bears interest at the prime rate, as defined in the master credit facility agreement less a margin of 0.25%. The prime rate index as of August 13, 2025, was 7.50% for an applicable interest rate of 7.25% as of that date. The Modification further provides Debt Service Coverage Ratio ("DSCR") Requirements. The new minimum DSCR is 1.40, and is tested on a semi-annually basis. Failure to maintain the DSCR triggers a cash flow sweep into a DSCR account until compliance with the DSCR is restored. Further, if the DSCR falls below 1.10, the Loan Parties are in immediate default and will have ten (10) days to cure the default by paying down the principal outstanding balance. The material terms of the amendment and related amendment documents described herein are qualified in their entirety by the agreements attached as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under and Off-Balance Sheet Agreement of a Registrant The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (a) Exhibits Exhibit Number Exhibit Description 10.1 M odification to Master Credit Agreement dated December 27, 2018 by and between East West Bank and Hartman vREIT XXI Operating Partnership LP, Hartman Spectrum, LLC, Hartman 11211, LLC, Hartman 1400 Broadfield LLC, Hartman 16420 Park Ten LLC, and Hartman 7915 FM 1960 LLC 10.2 Press Release 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 11, 2025 By: /s/ Allen R. Hartman Allen R. Hartman Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.