Hartman XX Increases Net Asset Value

The board of Hartman Short Term Income Properties XX Inc, a publicly registered non-traded REIT, approved an estimated net asset value of $13.15 per share (based on a range of $12.74 to $13.53) of its common stock as of September 30, 2016. The previous estimated NAV as of December 31, 2015 was $12.40 per share.

Hartman Advisors LLC, Hartman XX’s advisor, engaged WKW Advisors, an independent third-party real estate advisory firm, to assist in determining the estimated per share NAV based on Hartman XX’s real estate portfolio holdings. WKW Advisors is the same firm that performed the previous valuation estimate.

“We could not be more pleased with the ongoing performance of Hartman XX and its property holdings,” said Rick Vitale, president of Hartman Advisors. “The latest per share net asset value estimate is a testimony to our efforts to meet the stated objectives of the investment program for the benefit of our investors.”

WKW Advisors’ valuation was based on the estimated market value of the REIT’s assets, less the estimated market value of its liabilities, divided by the total number of shares outstanding, and was performed in accordance with the valuation guidelines established by the Investment Program Association. As of September 30, 2016, Hartman XX owned 16 properties with a fair market value of $295 million.

Hartman XX commenced its initial public offering in February 2010 for up to 25 million shares of common stock priced at $10.00 per share. In addition to a $200 million follow-on offering that launched in July 2013, the REIT has raised a total of $181.3 million in investor equity. Hartman XX closed to new investments in March 2016.

Hartman XX is a Texas-centric real estate investment trust which currently owns 18 properties located in Dallas/Ft. Worth, Houston, and San Antonio.

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