Company veteran John Ostroot retires from board duties; experienced entrepreneur and global manufacturing leader Jeffrey L. McFerrin joins as independent director to support Hartman’s strategic growth initiatives.
HOUSTON, TX – July XX, 2025 – Hartman vREIT XXI, Inc. (“Hartman” or the “Company”), a Houston-based real estate investment trust, announced today the resignation of John Ostroot from its Board of Directors, effective May 31, 2025, and the appointment of Jeffrey L. McFerrin as a new independent director.
Mr. Ostroot, who also served on the Company’s Audit Committee, has stepped down to retire from corporate duties. His decision was not related to any disagreement with the Company on matters regarding operations, policies, or practices. The Company is deeply grateful for Mr. Ostroot’s dedicated service and contributions to the Board.
Following this transition, the Board has appointed Jeffrey L. McFerrin, a seasoned entrepreneur and investor with extensive global manufacturing and M&A experience, to serve as an independent director.
Mr. McFerrin, 55, is the founder and current director of Singapore-based Chemical Specialties Pte. Ltd., a contract manufacturing firm servicing the Asian market. With a career spanning over three decades, Mr. McFerrin has successfully led businesses through growth, transitions, and private equity exits, most notably serving as President of his family’s chemical enterprise until its acquisition in 2012. He played a key role in the 2021 sale of South Coast Terminals in Houston and maintains a robust investment portfolio that includes oil and gas operations, real estate, and trust management.
An alumnus of Texas A&M University, Mr. McFerrin was named a Distinguished Alumni in 2018 and currently serves on the Advisory Board of the university’s Chemical Engineering Department. His addition to Hartman’s Board brings a wealth of experience in finance, corporate governance, estate planning, and strategic divestitures.
“We are pleased to welcome Jeffrey McFerrin to the Hartman Board,” said Allen R. Hartman, CEO and CFO of Hartman vREIT XXI. “His business acumen, M&A background, and operational expertise across multiple sectors make him an invaluable asset as we continue to pursue strategic growth opportunities across our portfolio.”
For more information, visit www.hartmanreits.com.
About Hartman vREIT XXI, Inc.
Hartman vREIT XXI, Inc. is a Texas-based Real Estate Investment Trust (REIT) focused on owning and operating strategically located commercial properties in the Southwest. The Company specializes in value-oriented real estate investment and management with a commitment to delivering strong shareholder value through disciplined acquisitions and tenant-focused operational strategies.
Hartman vREIT XXI, Inc. is a Texas-based Real Estate Investment Trust (REIT) focused on owning and operating strategically located commercial properties in the Southwest. The Company specializes in value-oriented real estate investment and management with a commitment to delivering strong shareholder value through disciplined acquisitions and tenant-focused operational strategies.
