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<head><title>Hartman XX</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman'; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:576px> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>UNITED STATES</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Washington, D.C. 20549</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>FORM 8-K</b></p> <p style=MARGIN:0px align=center>CURRENT REPORT</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Pursuant to Section 13 or 15(d) of the</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Securities Exchange Act of 1934</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center>Date of Report (Date of earliest event reported): <b>May 15, 2015</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b><u>HARTMAN SHORT TERM INCOME PROPERTIES XX, INC.</u></b></p> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>(Exact name of registrant as specified in its charter)</p> <p style=MARGIN:0px align=center><br></p> <table width=100% style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td> <td width=1> <td width=173> <td width=1> <td width=167 /> </tr><tr> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center><b><u>Maryland</u></b></p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=173 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center><b><u>333-185336</u></b></p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=167 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center><b><u>26-3455189</u></b></p></td></tr> <tr> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center>(State&nbsp;or&nbsp;other&nbsp;jurisdiction&nbsp;of</p> <p style=MARGIN:0px align=center>incorporation&nbsp;or&nbsp;organization)</p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=173 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center>(Commission</p> <p style=MARGIN:0px align=center>File&nbsp;Number)</p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=167 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center>(I.R.S.&nbsp;Employer</p> <p style=MARGIN:0px align=center>Identification&nbsp;No.)</p></td></tr> <tr> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=173 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=167 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr> <tr> <td colspan=3 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2909 Hillcroft, Suite 420, Houston, Texas</b></p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=167 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center><b>77057</b></p></td></tr> <tr> <td colspan=3 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address&nbsp;of&nbsp;principal&nbsp;executive&nbsp;offices)</p></td> <td width=1 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=167 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=bottom> <p style=MARGIN:0px align=center>(Zip&nbsp;Code)</p></td></tr></table> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px align=center>Registrant's telephone number, including area code: <b>(713) 467-2222</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p> <p style=MARGIN:0px>&nbsp;</p> <table width=100% style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=48> <td width=36> <td /> </tr><tr> <td width=48 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:12pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=36 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-FAMILY:'Wingdings'; MARGIN:0px">o</p></td> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table> <p style=MARGIN:0px>&nbsp;</p> <table width=100% style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=48> <td width=36> <td /> </tr><tr> <td width=48 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>&nbsp;&nbsp;</p></td> <td width=36 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-FAMILY:'Wingdings'; MARGIN:0px">o</p></td> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p></td></tr></table> <p style=MARGIN:0px>&nbsp;</p> <table width=100% style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=48> <td width=36> <td /> </tr><tr> <td width=48 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=36 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-FAMILY:'Wingdings'; MARGIN:0px">o</p></td> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR &nbsp;240.14d-2(b))</p></td></tr></table> <p style=MARGIN:0px>&nbsp;</p> <table width=100% style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=48> <td width=36> <td /> </tr><tr> <td width=48 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=36 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-FAMILY:'Wingdings'; MARGIN:0px">o</p></td> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR &nbsp;240.13e-4(c))&nbsp;</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px><br><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><b>Item 1.01 &nbsp;&nbsp;Entry into a Material Definitive Agreement.</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b><i>Property Acquisition</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The information set forth under Items 2.01 and 2.03 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Item 2.01 &nbsp;&nbsp;Completion of Acquisition of Disposition of Assets.</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>On May 8, 2015, Hartman Short Term Income Properties XX, Inc. (the &#147;Company&#148;), through Hartman 400 North Belt LLC (&#147;North Belt LLC&#148;), an indirect, wholly-owned subsidiary of the Company, acquired a fee simple interest in a 12 story office building commonly known as 400 North Belt (the &#147;North Belt Property&#148;), containing approximately 230,872 square feet of office space located in Houston, Texas.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>North Belt LLC acquired the North Belt Property from PKY 400 North Belt, LLC, an unrelated third party seller, for a purchase price, as amended, of $10,150,000, exclusive of closing costs. &nbsp;North Belt LLC financed the payment of the purchase price for the North Belt Property with proceeds from the Company&#146;s ongoing public offering and loan advance proceeds from the Company&#146;s revolving credit facility. &nbsp;The North Belt Property is secured by a deed of trust in favor of Hartman XX Limited Partnership, the sole member of North Belt LLC and a negative pledge in favor of Texas Capital Bank NA. &nbsp;The terms of the financing are discussed at Item 2.03 below.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The North Belt Property was built in 1982. &nbsp;The North Belt Property is approximately 64% occupied by 12 tenants as of May 8, 2015. &nbsp;Two tenants currently occupy more than 10% of the property. &nbsp;National Oilwell Varco, LP occupies approximately 22.5% of the property and Marine Well Containment Company occupies approximately 10.7%. &nbsp;The top five tenants occupy approximately 56% of the property and comprise approximately 94% of the current annual base rent.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>An acquisition fee of approximately $254,625 was earned by Hartman Advisors LLC, the Company&#146;s advisor (the &#147;Advisor&#148;), in connection with the purchase of the North Belt Property.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Property Management</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>On April 21, 2015, North Belt LLC and Hartman Income REIT Management, Inc. (the &#147;Property Manager&#148;), an affiliate of the Company, entered into a Real Property Management Agreement (the &#147;Management Agreement&#148;), pursuant to which the Property Manager will manage and be the exclusive leasing agent for the North Belt Property. &nbsp;Pursuant to the terms of the Management Agreement, North Belt LLC will pay the Property Manager a monthly management fee of 3% of the effective gross revenues (as defined in the Management Agreement). &nbsp;North Belt LLC will also pay a leasing fee (as defined in the Management Agreement and subject to the further terms contained therein) in an amount equal to the leasing fees charged by unaffiliated persons rendering comparable services in the same geographic location of the applicable property for new leases and for the renewal of existing leases. &nbsp;The Management Agreement has an initial term of one year and will be automatically extended on an annual basis unless either party gives 30 days&#146; prior written notice of its desire to terminate the Management Agreement. &nbsp;North Belt LLC or the Property Manager may terminate the Management Agreement in the event of default by the other party if such default is not cured within ten (10) days after written notice from the other party, provided that if the default cannot be reasonably cured within the ten (10) day period, the cure period shall be reasonably extended provided the party obligated to cure such default endeavors with diligence to do so. &nbsp;North Belt LLC may terminate the Management Agreement at any time upon written notice in the event of the Property Manager&#146;s fraud, gross malfeasance, gross negligence or willful misconduct.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The material terms of the Management Agreement described herein are qualified in their entirety by the Management Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><b>Item 2.03 &nbsp;&nbsp;Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet</b></p> <p style="MARGIN:0px; TEXT-INDENT:48px" align=justify><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrangement of a Registrant.</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>On May 8, 2015, North Belt LLC executed a promissory note in favor of Hartman XX Limited Partnership, evidencing a loan in the amount $10,150,000. &nbsp;The promissory note is secured by the North Belt Property. &nbsp;The promissory note bears interest at the rate of 6% per annum and is payable on demand. &nbsp;Loan advance proceeds from the Company&#146;s revolving credit facility were utilized in the acquisition of the North Belt Property. &nbsp;North Belt LLC and Hartman XX Limited Partnership have executed a Negative Pledge dated as of May 8, 2015 in favor Texas Capital Bank, NA.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The material terms of the promissory note and related deed of trust described herein are qualified in their entirety by the agreements attached as Exhibits 10.2, 10.3 and 10.4, respectively, to this Current Report on Form 8-K and incorporated herein by reference.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Item 9.01 &nbsp;&nbsp;Financial Statements and Exhibits.</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>(d) Exhibits.</b></p> <p style=MARGIN:0px><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=55> <td width=18> <td width=517 /> </tr><tr> <td width=55 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Exhibit</p></td> <td width=18 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Description</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.1</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Real Property Management Agreement, dated as of April 21, 2015 by and between Hartman North Belt, LLC and Hartman Income REIT Management, Inc. </p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.2</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Promissory Note, dated May 8, 2015, by Hartman 400 North Belt, LLC in favor of Hartman XX Limited Partnership.</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.3</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Deed of Trust, dated May 8, 2015, by Hartman 400 North Belt LLC in favor of Hartman XX Limited Partnership.</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.4</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Negative Pledge, dated May 8, 2015, by Hartman 400 North Belt LLC and Hartman XX Operating Partnership in favor of Texas Capital Bank, NA.</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>SIGNATURE</b></p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p> <p style=MARGIN:0px align=justify><br></p> <table width=100% style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=180> <td width=47> <td /> </tr><tr> <td width=180 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>&nbsp;&nbsp;</p></td> <td width=395 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>HARTMAN SHORT TERM INCOME PROPERTIES XX, INC. </p></td></tr> <tr> <td width=180 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=395 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>(Registrant)</p></td></tr> <tr> <td width=180 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Date: May 15, 2015</p></td> <td width=47 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>By:&nbsp;&nbsp;</p></td> <td style="BORDER-BOTTOM:#000000 2px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>/s/ &nbsp;Louis T. Fox, III</p></td></tr> <tr> <td width=228 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>&nbsp;&nbsp;</p></td> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Louis T. Fox, III</p></td></tr> <tr> <td width=228 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>&nbsp;&nbsp;</p></td> <td style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Chief Financial Officer</p></td></tr></table> <p style=MARGIN:0px align=center><b>___________________________________________________________________</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b><u>EXHIBIT INDEX</u></b></p> <p style=MARGIN:0px align=justify><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=55> <td width=18> <td width=517 /> </tr><tr> <td width=55 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Exhibit</p></td> <td width=18 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="BORDER-BOTTOM:#000000 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Description</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.1</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Real Property Management Agreement, dated as of April 21, 2015 by and between Hartman North Belt, LLC and Hartman Income REIT Management, Inc. </p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.2</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Promissory Note, dated May 8, 2015, by Hartman 400 North Belt, LLC in favor of Hartman XX Limited Partnership.</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.3</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Deed of Trust, dated May 8, 2015, by Hartman 400 North Belt LLC in favor of Hartman XX Limited Partnership.</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>10.4</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>Negative Pledge, dated May 8, 2015, by Hartman 400 North Belt LLC and Hartman XX Operating Partnership in favor of Texas Capital Bank, NA.</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=18 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=517 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p></div></body>
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{"company-data": {"conformed-name": "Hartman Short Term Income Properties XX, Inc.", "cik": "0001446687", "assigned-sic": "6500", "irs-number": "263455189", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53912", "film-number": "15868726"}, "business-address": {"street1": "2909 HILLCROFT, SUITE 420", "city": "HOUSTON", "state": "TX", "zip": "77057", "phone": "713-467-2222"}, "mail-address": {"street1": "2909 HILLCROFT, SUITE 420", "city": "HOUSTON", "state": "TX", "zip": "77057"}}
Hartman XX
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 15, 2015
HARTMAN SHORT TERM INCOME PROPERTIES XX, INC.
(Exact name of registrant as specified in its charter)
Maryland
333-185336
26-3455189
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
2909 Hillcroft, Suite 420, Houston, Texas
77057
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(713) 467-2222
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR  240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR  240.13e-4(c))
Item 1.01   Entry into a Material Definitive Agreement.
Property Acquisition
The information set forth under Items 2.01 and 2.03 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01
Item 2.01   Completion of Acquisition of Disposition of Assets.
On May 8, 2015, Hartman Short Term Income Properties XX, Inc. (the "Company"), through Hartman 400 North Belt LLC ("North Belt LLC"), an indirect, wholly-owned subsidiary of the Company, acquired a fee simple interest in a 12 story office building commonly known as 400 North Belt (the "North Belt Property"), containing approximately 230,872 square feet of office space located in Houston, Texas.
North Belt LLC acquired the North Belt Property from PKY 400 North Belt, LLC, an unrelated third party seller, for a purchase price, as amended, of $10,150,000, exclusive of closing costs.  North Belt LLC financed the payment of the purchase price for the North Belt Property with proceeds from the Company's ongoing public offering and loan advance proceeds from the Company's revolving credit facility.  The North Belt Property is secured by a deed of trust in favor of Hartman XX Limited Partnership, the sole member of North Belt LLC and a negative pledge in favor of Texas Capital Bank NA.  The terms of the financing are discussed at Item 2.03 below.
The North Belt Property was built in 1982.  The North Belt Property is approximately 64% occupied by 12 tenants as of May 8, 2015.  Two tenants currently occupy more than 10% of the property.  National Oilwell Varco, LP occupies approximately 22.5% of the property and Marine Well Containment Company occupies approximately 10.7%.  The top five tenants occupy approximately 56% of the property and comprise approximately 94% of the current annual base rent.
An acquisition fee of approximately $254,625 was earned by Hartman Advisors LLC, the Company's advisor (the "Advisor"), in connection with the purchase of the North Belt Property.
Property Management
On April 21, 2015, North Belt LLC and Hartman Income REIT Management, Inc. (the "Property Manager"), an affiliate of the Company, entered into a Real Property Management Agreement (the "Management Agreement"), pursuant to which the Property Manager will manage and be the exclusive leasing agent for the North Belt Property.  Pursuant to the terms of the Management Agreement, North Belt LLC will pay the Property Manager a monthly management fee of 3% of the effective gross revenues (as defined in the Management Agreement).  North Belt LLC will also pay a leasing fee (as defined in the Management Agreement and subject to the further terms contained therein) in an amount equal to the leasing fees charged by unaffiliated persons rendering comparable services in the same geographic location of the applicable property for new leases and for the renewal of existing leases.  The Management Agreement has an initial term of one year and will be automatically extended on an annual basis unless either party gives 30 days' prior written notice of its desire to terminate the Management Agreement.  North Belt LLC or the Property Manager may terminate the Management Agreement in the event of default by the other party if such default is not cured within ten (10) days after written notice from the other party, provided that if the default cannot be reasonably cured within the ten (10) day period, the cure period shall be reasonably extended provided the party obligated to cure such default endeavors with diligence to do so.  North Belt LLC may terminate the Management Agreement at any time upon written notice in the event of the Property Manager's fraud, gross malfeasance, gross negligence or willful misconduct.
The material terms of the Management Agreement described herein are qualified in their entirety by the Management Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
On May 8, 2015, North Belt LLC executed a promissory note in favor of Hartman XX Limited Partnership, evidencing a loan in the amount $10,150,000.  The promissory note is secured by the North Belt Property.  The promissory note bears interest at the rate of 6% per annum and is payable on demand.  Loan advance proceeds from the Company's revolving credit facility were utilized in the acquisition of the North Belt Property.  North Belt LLC and Hartman XX Limited Partnership have executed a Negative Pledge dated as of May 8, 2015 in favor Texas Capital Bank, NA.
The material terms of the promissory note and related deed of trust described herein are qualified in their entirety by the agreements attached as Exhibits 10.2, 10.3 and 10.4, respectively, to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Description
10.1
Real Property Management Agreement, dated as of April 21, 2015 by and between Hartman North Belt, LLC and Hartman Income REIT Management, Inc.
10.2
Promissory Note, dated May 8, 2015, by Hartman 400 North Belt, LLC in favor of Hartman XX Limited Partnership.
10.3
Deed of Trust, dated May 8, 2015, by Hartman 400 North Belt LLC in favor of Hartman XX Limited Partnership.
10.4
Negative Pledge, dated May 8, 2015, by Hartman 400 North Belt LLC and Hartman XX Operating Partnership in favor of Texas Capital Bank, NA.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
HARTMAN SHORT TERM INCOME PROPERTIES XX, INC.
(Registrant)
Date: May 15, 2015
By:
/s/  Louis T. Fox, III
Louis T. Fox, III
Chief Financial Officer
___________________________________________________________________
EXHIBIT INDEX
Exhibit
Description
10.1
Real Property Management Agreement, dated as of April 21, 2015 by and between Hartman North Belt, LLC and Hartman Income REIT Management, Inc.
10.2
Promissory Note, dated May 8, 2015, by Hartman 400 North Belt, LLC in favor of Hartman XX Limited Partnership.
10.3
Deed of Trust, dated May 8, 2015, by Hartman 400 North Belt LLC in favor of Hartman XX Limited Partnership.
10.4
Negative Pledge, dated May 8, 2015, by Hartman 400 North Belt LLC and Hartman XX Operating Partnership in favor of Texas Capital Bank, NA.