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

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

January 8, 2026
Georgia Investment Advisor Pleads Guilty to Ponzi Scheme

A former Georgia investment adviser has pleaded guilty to wire fraud after federal prosecutors accused his firm of operating a multiyear Ponzi scheme that cost investors millions of dollars, as reported by Financial Advisor News.

January 7, 2026
FINRA Releases 2026 Regulatory Oversight Report, Spotlighting Private Placement Compliance Risks

The Financial Industry Regulatory Authority (FINRA) released its 2026 Annual Regulatory Oversight Report, responding directly to member feedback and reinforcing its stated mission to protect investors and promote market integrity.

January 6, 2026
SEC Halts Review of Ultra-Leveraged ETFs, Citing Risk Limits

The U.S. Securities and Exchange Commission (SEC) has stepped in to curb the expansion of ultra-leveraged exchange-traded funds, issuing a series of warning letters that effectively block proposed products designed to deliver three- and five-times the daily returns of stocks, commodities, and cryptocurrencies.