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

Hartman vREIT XXXI Releases “Going Concern” Warning

Posted on December 12th, 2022 at 2:51 PM
Hartman vREIT XXXI Releases “Going Concern” Warning

From the Desk of Jim Eccleston at Eccleston Law.

Hartman vREIT XXXI, a non-traded real estate investment trust, has announced its management’s “substantial doubt about the company’s ability to continue as a going concern”, according to its most recent quarterly report filed with the Securities and Exchange Commission (SEC).

The investment trust has two revolving credit loans worth $55 million as well as a $2.41 million term loan, both of which mature in March 2023. Hartman’s management has determined that there is a substantial doubt about the company’s ability to continue as a going concern primarily due to uncertainty regarding the loan maturities, according to the filing. However, the company noted in the filing that management believes it will be successful in extending the maturity date or renewing the loans for one year or longer.

Hartman vREIT XXXI reported a year-to-date net loss of approximately $1.4 million and bank overdrafts of $407,000 at the close of Q3. Hartman vREIT XXXI typically invests in “value-oriented” commercial properties, such as office, retail, industrial and warehouse properties located primarily in Texas.

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

Tags: eccleston, eccleston law, advisors, law, xxxi

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I have the best legal firm in the country to defend me. Awesome job!

Cindy C.

LATEST NEWS AND ARTICLES

1784905692 Law
July 24, 2026
Independent Review Recommends Sweeping Changes to FINRA's Enforcement Program

An independent review commissioned by the Financial Industry Regulatory Authority (FINRA) recommends significant changes to the regulator's enforcement program, including adopting a statute of limitations, expanding due process protections, and providing greater credit to firms that cooperate during investigations, according to AdvisorHub.

1784829196 Law
July 23, 2026
Cresset Sues Former Advisor Over Alleged Client Solicitation and Competing RIA Launch

Cresset Capital Management has filed a lawsuit in Illinois state court against a former advisor, alleging that he began building a competing registered investment advisory firm and soliciting clients while still employed by the Chicago-based wealth management firm.

1784733625 Law
July 22, 2026
Barred Oregon Financial Advisor Pleads Guilty to $1.6 Million Investment Fraud

A former Oregon financial advisor has pleaded guilty to fraud after admitting to a long-running scheme that caused investors to lose more than $1.6 million.