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

Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.

LATEST NEWS AND ARTICLES

1786029344 Law
August 6, 2026
Account Takeover Fraud Continues to Rise as Cybercriminals Refine Their Tactics

Cybercriminals continue to refine account takeover schemes, driving billions of dollars in losses for businesses and consumers each year.

1785949175 Law
August 5, 2026
FINRA Arbitration Panel Orders Arkadios Capital to Pay $2.7 Million in Ponzi Scheme-Related Claim

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Arkadios Capital to pay $2.7 million in damages to an investor who alleged the firm failed to supervise a former registered representative whose father operated a long-running Ponzi scheme, according to InvestmentNews.

1785858278 Law
August 4, 2026
SEC Fines Former LPL Broker $125,000 for Undisclosed Conflicts in Private Securities Offerings

The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.