Hartman vREIT Names New Board Member

The company brings in a veteran chemical executive with M&A experience to strengthen board leadership.

July 08, 2025

Board Transition Marks Strategic Shift

Hartman vREIT XXI, Inc. made a key boardroom change on May 31, 2025. John Ostroot, who had served on the board and the Audit Committee, officially stepped down. His decision to retire marks the end of his tenure, which concluded without any reported disagreements or governance issues.

The company acted quickly. That same day, Hartman appointed Jeffrey L. McFerrin to fill the independent director role. McFerrin brings decades of hands-on business experience, having led Chemical Specialties Pte. Ltd. —a Singapore-based contract manufacturer—since founding it in 2006.

Before that, he held executive roles in a family-run chemical business and later helped manage its transition to private equity ownership. In 2021, he played a similar role in the sale of South Coast Terminals, a Houston-based operation.

Background in Operations and Oversight

Over the years, McFerrin has managed a range of responsibilities:

• Overseeing oil and gas drilling operations


• Navigating federal, state, and local regulations


• Planning tax and estate strategies


• Managing business transitions and contract negotiations

He currently oversees multiple family trusts and serves on the board of a charitable foundation. McFerrin also maintains strong ties with Texas A&M University , where he earned his chemical engineering degree. He now sits on the university’s Chemical Engineering Department advisory board and was named a Distinguished Alumni in 2018.

McFerrin’s appointment reinforces the company’s focus on adding operational depth and transactional insight at the board level—key as it manages growth and evolving strategic priorities.