UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Current Report Pursuant to Regulation A
Date
of Report: October 15, 2019
(Date
of earliest event reported)
HC
GOVERNMENT REALTY TRUST, INC.
(Exact
name of issuer as specified in its charter)
|
Maryland
|
81-1867397
|
|
(State or other
jurisdiction of incorporation or organization)
|
(I.R.S. Employer
Identification Number)
|
390
S. Liberty Street, Suite 100
Winston-Salem,
NC 27101
(Full
mailing address of principal executive offices)
(336)
477-2535
(Issuer’s
telephone number, including area code)
Title of each class of securities issued
pursuant to Regulation A: Common Stock
ITEM 9. OTHER EVENTS
Net Asset Value as of June 30, 2019
On
October 15, 2019, our board of directors determined the value of
our shares of common stock at $7.17 per share as of June 30, 2019,
based on the Company’s net asset value. This NAV per share of
common stock shall be effective until updated by us on or about
September 30, 2020 (or as soon as commercially reasonable
thereafter), unless updated by us prior to that time.
Components of NAV
The
following sets forth the calculation of NAV for our shares of
common stock:
Balance Sheet as of June 30, 2019 (Unaudited)
|
Total Real Estate
Assets1
|
$48,424,709
|
|
Total Other
Assets
|
$6,435,602
|
|
Total
Assets
|
$54,860,311
|
|
|
|
|
Total
Other Liabilities
|
$20,815,371
|
|
|
|
|
Total
Other Claims on Equity
|
$15,412,500
|
|
|
|
|
Net
Asset Value
|
$18,632,440
|
|
|
|
|
Convertible OP
Units
|
1,118,416
|
|
Long-Term Incentive
Plan Shares
|
72,215
|
|
Common Shares
Outstanding
|
1,407,041
|
|
Total
Diluted Shares
|
2,597,672
|
|
|
|
|
NAV
per Share
|
$7.17
|
1 Total Real Estate Assets is based on the value of the
Company’s properties as of June 30, 2019 determined using
appraised values from recent third-party property appraisals and an
analysis of renewal value of each property as well as
re-tenancy.
SIGNATURES
Pursuant to the
requirements of Regulation A, the issuer has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
|
HC Government Realty Trust, Inc.,
a Maryland
corporation |
|
|
|
|
|
|
|
Date: October 15,
2019
|
By:
|
/s/ Jacqlyn
Piscetelli
|
|
|
|
|
Name: Jacqlyn
Piscetelli
|
|
|
|
|
Title:
Chief
Financial Officer
|
|