Tr?id=566623520170033&ev=PageView&noscript=1

Hartman Short Term Income Properties Hires Raymond James to Consider Strategic Alternatives

Posted on November 9th, 2022 at 2:55 PM
Hartman Short Term Income Properties Hires Raymond James to Consider Strategic Alternatives

From the Desk of Jim Eccleston at Eccleston Law.

A publicly registered non-traded real estate investment trust, Hartman Short Term Income Properties, has announced that its board of directors has hired Raymond James to help the business pursue strategic alternatives.

Hartman is considering strategic alternatives that include evaluating and approving orderly assets sales at “acceptable prices with the objective of maximizing shareholder value”. Hartman promoted Mark Torok to be chief executive officer and succeed Allen Hartman earlier in October 2022.

Furthermore, the company recently announced that it faces challenges due to rising interest rates, which have led to substantial additional costs to service its floating rate debt. Hartman owned 44 commercial properties in Texas as of June 2022, which constituted 6.8 million square feet. Hartman further suspended its share redemption plan in July 2022 to “support the long-term fiscal health” of the REIT.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, advisors, law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

LATEST NEWS AND ARTICLES

1792164960 Law
October 16, 2026
Ameriprise and Broker Ordered to Pay Edward Jones Nearly $4.8 Million in Trade Secrets Dispute

Ameriprise Financial and broker Cory J.

1792083058 Law
October 15, 2026
SEC Warns Firms to Improve Private Asset Valuation and Disclosures

The Securities and Exchange Commission (SEC) is pressing financial firms to take greater care when valuing private assets as liquidity tightens and investor redemption requests increase, according to AdvisorHub.

1791996515 Law
October 14, 2026
FINRA Study Finds Advanced Investment Knowledge Does Not Eliminate Fraud Risk

Research using the FINRA Investor Education Foundation's 2024 National Financial Capability Study found that fewer than one in five investors with non-retirement investments demonstrate advanced investment literacy.