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Hartman XX Eyes Public Listing in Q3 or Q4 2016

Houston-based Hartman Short Term Income Properties XX Inc., a publicly registered non-traded real estate investment trust, continues to move towards its goal of a potential listing/IPO liquidity event and has provided new details regarding its intention to close Hartman XX to new investments.

According to CEO Al Hartman, “We have taken discrete, concrete steps, including the engagements of both securities and compliance counsel (Mark Torok) and an IPO advisor (Rich Jennings) to better evaluate and structure a merger, the listing of shares on a national securities exchange, and an underwritten public offering.

In an effort to make better informed decisions regarding a potential listing/IPO liquidity event for Hartman XX, in August of 2015, a group of Hartman executives traveled to New York to participate in a series of meetings with national and regional investment banking firms in New York City.

“There was significant interest by underwriters in being selected as the Hartman XX’s lead underwriter, based on Hartman’s long and successful track record in creating value,” says Rich Jennings, IPO advisor to the Hartman XX Board of Directors.

The Hartman XX Board of Directors has provided the following estimated timeline of events:

*Close Hartman Short Term Income Properties XX, Inc. to new investments by March 31, 2016.

*Complete a possible merger of Hartman Short Term Income Properties XX Inc., Hartman Short Term Income Properties XIX Inc., and Hartman Income REIT Inc. during the second quarter of 2016.

If the board of directors chooses to move forward with a possible merger, completion of a possible public listing of the successor company on a national exchange could take place during the third or fourth quarter of 2016.

Hartman Short Term Income Properties XX Inc. is a Texas-centric REIT which owns 14 properties in Dallas/Ft. Worth, Houston, and San Antonio.