Hartman vREIT XXI Names New Auditor
The company seeks to strengthen its financial reporting and internal controls with a fresh audit approach.
October 02, 2025
Hartman vREIT XXI Appoints New Auditor Amid Governance Concerns
Hartman vREIT XXI is moving forward with a new audit partner. The Houston-based REIT has appointed M&K CPAS, PLLC as its independent registered public accounting firm for the 2023 fiscal year. The transition follows Weaver and Tidwell, L.L.P. ’s decision not to seek reappointment.
Weaver had handled audits for the company’s 2021 and 2022 financials. Their reports were clean—no adverse opinions, no qualifications. Hartman also confirmed there were no disputes or unresolved issues between the two firms leading up to the change.
Still, the move comes on the heels of previously reported internal control issues. In its amended 2022 annual report, Hartman disclosed several material weaknesses. These included missing controls around related party transactions, incomplete procedures for approving affiliate loans, and gaps in reviewing disclosures. The company also cited errors in how investments and impairments were recorded during the year.
Hartman shared the disclosure with Weaver, who confirmed agreement with the facts in a letter submitted to the SEC.
The company’s Audit Committee approved the new engagement on October 14, 2024. Hartman noted that it hadn’t consulted M&K CPAS, PLLC on any past accounting matters or audit opinions prior to bringing them on board.
Bringing in a new audit partner signals a forward-looking approach. Hartman is addressing governance concerns head-on and taking concrete steps to reinforce its reporting framework. The focus now shifts to execution—making sure the right controls are in place and future filings reflect that progress.
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