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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>June 1, 2016</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 width=233> <td width=1> <td width=173> <td width=1> <td width=167 /> </tr><tr> <td width=233 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 width=233 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 width=233 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 width=407 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 width=407 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 width=492 /> </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 width=492 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 width=492 /> </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 width=492 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 width=492 /> </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 width=492 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 width=492 /> </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 width=492 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; TEXT-INDENT:24px"><b><i>Property Acquisition</i></b></p> <p style=MARGIN:0px><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 or Disposition of Assets.</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>On June 1, 2016, Hartman Short Term Income Properties XX, Inc. (the &#147;Company&#148;) through Hartman Westway One, LLC, or &#147;Westway One LLC,&#148; a wholly-owned subsidiary of our operating partnership, acquired a fee simple interest in a three story office building containing approximately 165,982 square feet of office space located in Irving, Texas, commonly known as Westway One.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>Westway One was built in 2001. &nbsp;Westway One is 100% occupied by six tenants.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>Westway One LLC acquired Westway One from an unrelated third party seller, for a purchase price, as amended, of $21,638,000, exclusive of closing costs. &nbsp;Westway One LLC financed the payment of the purchase price for Westway One with proceeds from our public offering and mortgage loan proceeds from a bank.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>An acquisition fee of approximately $545,000 was earned by Hartman Advisors LLC, our affiliated external advisor, in connection with the purchase of Westway One. </p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>Three tenants currently occupy more than 10% of Westway One. &nbsp;Lennar Homes of Texas, CEC Entertainment, Inc. and Cadent Medical Communications, LLC, occupy approximately 80% of Westway One and account for approximately 79% of the current annual base rent. The following table sets forth additional information regarding the tenants currently occupying more than 10% of Westway One:</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=266> <td width=82> <td width=78> <td width=83> <td width=79 /> </tr><tr> <td width=266 style="BORDER-TOP:#3f3f3f 1px solid; BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 2px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; BORDER-LEFT:#3f3f3f 1px solid; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Tenant</b></p></td> <td width=82 style="BORDER-TOP:#3f3f3f 1px solid; BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 2px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b>Base Rent</b></p></td> <td width=78 style="BORDER-TOP:#3f3f3f 1px solid; BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 2px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b>Rentable SF</b></p></td> <td width=83 style="BORDER-TOP:#3f3f3f 1px solid; BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 2px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center><b>Initial Lease</b></p> <p style=MARGIN:0px align=center><b>Date(s)</b></p></td> <td width=79 style="BORDER-TOP:#3f3f3f 1px solid; BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 2px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center><b>Year(s)</b></p> <p style=MARGIN:0px align=center><b>Expiring</b></p></td></tr> <tr> <td width=266 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; BORDER-LEFT:#3f3f3f 1px solid; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=justify>Lennar Homes of Texas</p></td> <td width=82 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=right>$ &nbsp;1,001,414</p></td> <td width=78 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=right>54,479</p></td> <td width=83 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center>5/1/2014</p></td> <td width=79 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center>2023</p></td></tr> <tr> <td width=266 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; BORDER-LEFT:#3f3f3f 1px solid; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=justify>CEC Entertainment, Inc.</p></td> <td width=82 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;939,369</p></td> <td width=78 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=right>55,257</p></td> <td width=83 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center>8/1/2015</p></td> <td width=79 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center>2026</p></td></tr> <tr> <td width=266 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; BORDER-LEFT:#3f3f3f 1px solid; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=justify>Cadent Medical Communications, LLC</p></td> <td width=82 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=right>$ &nbsp;&nbsp;&nbsp;&nbsp;439,299</p></td> <td width=78 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=right>23,121</p></td> <td width=83 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center>4/1/2013</p></td> <td width=79 style="BORDER-RIGHT:#3f3f3f 1px solid; BORDER-BOTTOM:#3f3f3f 1px solid; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px"> <p style=MARGIN:0px align=center>2019</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The material items of the agreements regarding the acquisition of Westway One described herein are qualified in their entirety by the agreements attached as (i) Exhibit 10.1 to the Current Report on Form 8-K filed by the Company on April 6, 2016 and (ii) Exhibit 10.4 to this Current Report on Form 8-K and are incorporated herein by reference.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" 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 June 1, 2016, Westway One LLC and Hartman Income REIT Management, Inc., or the &#147;Property Manager,&#148; our affiliate, entered into a Real Property Management Agreement, or the &#147;Management Agreement,&#148; pursuant to which the Property Manager will manage and be the exclusive leasing agent for Westway One. &nbsp;Pursuant to the terms of the Management Agreement, Westway One LLC will pay the Property Manager a monthly management fee of 3% of the effective gross revenues (as defined in the Management Agreement). Westway One 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. Westway One 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 days after written notice from the other party, provided that if the </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>default cannot be reasonably cured within the ten-day period, the cure period shall be reasonably extended provided the party obligated to cure such default endeavors with diligence to do so. &nbsp;Westway One 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 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>In connection with the acquisition of Westway One, Westway One LLC entered in to a mortgage loan agreement with Southside Bank dated June 1, 2016, providing mortgage loan proceeds of $10,819,000. &nbsp;The loan is evidenced by a loan agreement, a promissory note and a deed of trust, security agreement and assignment of rents. &nbsp;The loan agreement has a maturity date of June 1, 2019.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>Payments of interest only are due monthly beginning on July 1, 2016. &nbsp;The promissory note bears interest at the greater of the floating rate index plus 2.50% or 2.50%. &nbsp;The floating rate index is the one month London Interbank Offered Rate (LIBOR) adjusted each month as of the first day of such month. &nbsp;The floating rate index as June 1, 2016 was 0.456% for an applicable interest rate of 2.956% as of that date.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The material terms of the Loan Agreement and related loan documents described herein are qualified in their entirety by the agreements attached as Exhibits 10.1, 10.2, and 10.3, 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 7.01 &nbsp;&nbsp;Regulation FD Disclosure.</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>On June 1, 2016, the Company distributed a press release announcing that Hartman Westway One LLC had acquired fee simple title to the Westway One property. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.</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="PADDING-LEFT:24px; MARGIN:0px; TEXT-INDENT:-24px"><b>(a) Financial Statements of Business Acquired</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; TEXT-INDENT:24px" align=justify>Because it is impractical to provide the required financial statements for the acquisition of the real property described above at the time of this filing, and no financial statements (audited or unaudited) are available at this time, the Company hereby confirms that the required financial statements will be filed as an amendment to this Current Report on Form 8-K no later than 71 days after the deadline for filing this Current Report on Form 8-K.</p> <p style=MARGIN:0px align=justify><br></p> <p style="PADDING-LEFT:24px; MARGIN:0px; TEXT-INDENT:-24px" align=justify><b>(b) Pro Forma Financial Information</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="PADDING-LEFT:24px; MARGIN:0px" align=justify>See paragraph (a) above.</p> <p style=MARGIN:0px><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>(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="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>Loan Agreement dated as of June 1, 2016 by and between Southside Bank and Hartman Westway One, LLC</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 June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank</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, Security Agreement and Assignment of Rents dated June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank</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>First Amendment to Real Estate Purchase and Sale Agreement dated April 26, 2016 by and between Market Place Boulevard, Irving, LLC and 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>99.1</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>Press Release</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px align=center>___________________________________________________________________</p> <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 width=347 /> </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: June 7, 2016</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 width=347 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 width=347 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 width=347 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><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><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="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>Loan Agreement dated as of June 1, 2016 by and between Southside Bank and Hartman Westway One, LLC</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 June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank</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, Security Agreement and Assignment of Rents dated June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank</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>First Amendment to Real Estate Purchase and Sale Agreement dated April 26, 2016 by and between Market Place Boulevard, Irving, LLC and 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>99.1</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>Press Release</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": "161702061"}, "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):
June 1, 2016
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 or Disposition of Assets.
On June 1, 2016, Hartman Short Term Income Properties XX, Inc. (the "Company") through Hartman Westway One, LLC, or "Westway One LLC," a wholly-owned subsidiary of our operating partnership, acquired a fee simple interest in a three story office building containing approximately 165,982 square feet of office space located in Irving, Texas, commonly known as Westway One.
Westway One was built in 2001.  Westway One is 100% occupied by six tenants.
Westway One LLC acquired Westway One from an unrelated third party seller, for a purchase price, as amended, of $21,638,000, exclusive of closing costs.  Westway One LLC financed the payment of the purchase price for Westway One with proceeds from our public offering and mortgage loan proceeds from a bank.
An acquisition fee of approximately $545,000 was earned by Hartman Advisors LLC, our affiliated external advisor, in connection with the purchase of Westway One.
Three tenants currently occupy more than 10% of Westway One.  Lennar Homes of Texas, CEC Entertainment, Inc. and Cadent Medical Communications, LLC, occupy approximately 80% of Westway One and account for approximately 79% of the current annual base rent. The following table sets forth additional information regarding the tenants currently occupying more than 10% of Westway One:
Tenant
Base Rent
Rentable SF
Initial Lease
Date(s)
Year(s)
Expiring
Lennar Homes of Texas
$  1,001,414
54,479
5/1/2014
2023
CEC Entertainment, Inc.
$     939,369
55,257
8/1/2015
2026
Cadent Medical Communications, LLC
$     439,299
23,121
4/1/2013
2019
The material items of the agreements regarding the acquisition of Westway One described herein are qualified in their entirety by the agreements attached as (i) Exhibit 10.1 to the Current Report on Form 8-K filed by the Company on April 6, 2016 and (ii) Exhibit 10.4 to this Current Report on Form 8-K and are incorporated herein by reference.
Property Management
On June 1, 2016, Westway One LLC and Hartman Income REIT Management, Inc., or the "Property Manager," our affiliate, entered into a Real Property Management Agreement, or the "Management Agreement," pursuant to which the Property Manager will manage and be the exclusive leasing agent for Westway One.  Pursuant to the terms of the Management Agreement, Westway One LLC will pay the Property Manager a monthly management fee of 3% of the effective gross revenues (as defined in the Management Agreement). Westway One 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. Westway One 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 days after written notice from the other party, provided that if the
default cannot be reasonably cured within the ten-day period, the cure period shall be reasonably extended provided the party obligated to cure such default endeavors with diligence to do so.  Westway One 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.
Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
In connection with the acquisition of Westway One, Westway One LLC entered in to a mortgage loan agreement with Southside Bank dated June 1, 2016, providing mortgage loan proceeds of $10,819,000.  The loan is evidenced by a loan agreement, a promissory note and a deed of trust, security agreement and assignment of rents.  The loan agreement has a maturity date of June 1, 2019.
Payments of interest only are due monthly beginning on July 1, 2016.  The promissory note bears interest at the greater of the floating rate index plus 2.50% or 2.50%.  The floating rate index is the one month London Interbank Offered Rate (LIBOR) adjusted each month as of the first day of such month.  The floating rate index as June 1, 2016 was 0.456% for an applicable interest rate of 2.956% as of that date.
The material terms of the Loan Agreement and related loan documents described herein are qualified in their entirety by the agreements attached as Exhibits 10.1, 10.2, and 10.3, respectively, to this Current Report on Form 8-K and incorporated herein by reference.
Item 7.01   Regulation FD Disclosure.
On June 1, 2016, the Company distributed a press release announcing that Hartman Westway One LLC had acquired fee simple title to the Westway One property. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.
The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for the purpose of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Item 9.01   Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired
Because it is impractical to provide the required financial statements for the acquisition of the real property described above at the time of this filing, and no financial statements (audited or unaudited) are available at this time, the Company hereby confirms that the required financial statements will be filed as an amendment to this Current Report on Form 8-K no later than 71 days after the deadline for filing this Current Report on Form 8-K.
(b) Pro Forma Financial Information
See paragraph (a) above.
(d) Exhibits.
Exhibit
Description
10.1
Loan Agreement dated as of June 1, 2016 by and between Southside Bank and Hartman Westway One, LLC
10.2
Promissory Note dated June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank
10.3
Deed of Trust, Security Agreement and Assignment of Rents dated June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank
10.4
First Amendment to Real Estate Purchase and Sale Agreement dated April 26, 2016 by and between Market Place Boulevard, Irving, LLC and Hartman XX Limited Partnership
99.1
Press Release
___________________________________________________________________
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: June 7, 2016
By:
/s/  Louis T. Fox, III
Louis T. Fox, III
Chief Financial Officer
___________________________________________________________________
EXHIBIT INDEX
Exhibit
Description
10.1
Loan Agreement dated as of June 1, 2016 by and between Southside Bank and Hartman Westway One, LLC
10.2
Promissory Note dated June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank
10.3
Deed of Trust, Security Agreement and Assignment of Rents dated June 1, 2016 by Hartman Westway One, LLC in favor of Southside Bank
10.4
First Amendment to Real Estate Purchase and Sale Agreement dated April 26, 2016 by and between Market Place Boulevard, Irving, LLC and Hartman XX Limited Partnership
99.1
Press Release