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



Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.


May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.


May 15, 2024
NFA Issues Order Against 50.ai Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against 50.ai Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.