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Deal closed Jan 2019 · Houston, Texas Verified

Hartman vREIT XXI Acquires 11211 Building in Houston

Hartman vREIT XXI, Inc. completed the acquisition of a fee simple interest in the 11211 Building, a six-story suburban office building in Houston, Texas, from Cotter & Sons, Inc. for $4,950,000. The acquisition was financed through the company's public offering and a loan from East West Bank.

“On January 11, 2019, Hartman vREIT XXI, Inc. (the “Company”) through Hartman 11211, LLC (“11211 LLC”), a wholly-owned subsidiary of Hartman vREIT XXI Operating Partnership L.P., our operating partnership (“Operating Partnership”), acquired a fee simple interest in a six-story suburban office building comprising approximately 77,822 square feet and located in Houston, Texas. The property is commonly referred to as the 11211 Building.”

Entities

Cotter & Sons, Inc. · Target East West Bank · Lender Hartman vREIT XXI, Inc. · Acquirer
Other Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.