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HC Government Realty Trust, Inc.

Operating

Real Estate · Winston-Salem, NC

Estimated pre-money ⓘ
$3.0M
As of Nov 2016 · from Reg A Offering (2016) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$91,700,000
Crowd $0 · Private $91.7M · 3 rounds since 2016
Latest share price
$10.00
Reg A Offering (2016) offering price

Financials

FY2015–FY2023 (no data for FY2017, FY2018, FY2019) · from SEC filings · hover any figure for its source
$77K
−$28K
2015
$747K
−$126K
2016
2017no data
2018no data
2019no data
$13.1M
−$6.9M
2020
$14.9M
−$7.2M
2021
$16.8M
−$8.9M
2022
$20.9M
−$13.0M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 audited
FY2016 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
Income statement
Revenue
$76,559
$747,477
$13,074,121
$14,880,680
$16,769,599
$20,878,333
Cost of goods sold
$69,268
—
—
—
—
—
Gross margin
10%
—
—
—
—
—
Net income
-$28,087
-$126,044
-$6,924,575
-$7,192,548
-$8,856,592
-$12,986,892
Balance sheet
Cash
$103,572
$247,137
$4,906,679
$2,889,654
$4,945,115
$1,318,121
Accounts receivable
$43,613
—
—
—
—
—
Total assets
$12,476,987
$11,895,426
$129,463,221
$137,890,313
$181,109,000
$195,477,833
Long-term debt
$9,874,971
—
—
—
—
—
Total liabilities
$9,920,784
$9,586,091
$116,971,421
$132,847,248
$187,559,873
$204,880,829
Other
Headcount
0
—
—
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$3.0M
est. pre-money
Reg A+ · Equity · Nov 2016

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Dec 31, 2023
ClassOutstandingVotes / shareShare of totalLast price
Preferred stockpreferred3,681,000—100.0%—

Shares outstanding over timein today's share terms

3.7M1.8M0
Jun 2016Dec 2023
CommonPreferred stockSeries A Preferred StockRound opened

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Apr 26, 2024

  • Hale Partnership Capital Management2,625,000 Series B Preferred Stock71.9%of Series B Preferred
  • Steven A. Hale II2,625,000 Series B Preferred Stock71.9%of Series B Preferred
  • Hale Government Building Fund, LP1,675,000 Series B Preferred Stock45.9%of Series B Preferred
  • HG Holdings, Inc.1,025,000 Series B Preferred Stock28.1%of Series B Preferred
  • Stewert Lagarde Jr.7,000 Series A Preferred Stock22.6%of Series A Preferred
  • JROI Inc6,000 Series A Preferred Stock19.4%of Series A Preferred
  • HG Holdings, Inc.300,000 Common Stock18.7%of
  • The Vanderbilt University500,000 Series B Preferred Stock13.7%of Series B Preferred
  • Robert R. Kaplan4,000 Series A Preferred Stock12.9%of Series A Preferred
  • Michael and Carol Morgan4,000 Series A Preferred Stock12.9%of Series A Preferred
  • Douglas M. Cecil4,000 Series A Preferred Stock12.9%of Series A Preferred
  • Barry and Elissa Kaplan4,000 Series A Preferred Stock12.9%of Series A Preferred

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $90MInvestors 256
Reg A+ · Equity · Nov 2016Closedvia Orchard Securities, LLC
Raised $0 / $30MEst. pre-money $3M
Raised $1.7MInvestors 9

Team

9 people
Edwin M. Stanton
Director and Chief Executive Officer
Elizabeth Watson
Chief Financial Officer
Robert R. Kaplan, Jr. 1
Director 2 and President
John F. O'Reilly
Independent Director Nominee
Leo Kiely
Independent Director Nominee
Philip Kurlander
Director and Treasurer
Robert R. Kaplan 1
Director and Secretary
Scott Musil
Independent Director Nominee
William Robert Fields
Independent Director Nominee

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 1-ZJul 8, 20240001193125-24-176016
    EDGAR
  • Form 1-UJun 27, 20240001193125-24-169570
    EDGAR
  • Form 1-KApr 26, 20240001193125-24-118491
    EDGAR
  • Form 1-UJan 19, 20240001193125-24-010642
    EDGAR
  • Form 1-SASep 28, 20230001193125-23-245686
    EDGAR
  • Form 1-KApr 27, 20230001193125-23-122584
    EDGAR
  • Form 1-UJan 6, 20230001654954-23-000196
    EDGAR
  • Form 1-SA/AOct 5, 20220001654954-22-013375
    EDGAR
Source: SEC EDGARCIK 0001670010MDShare price $10.00Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.