HOUSTON – May 16, 2024 – Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”) is a self-managed real estate investment trust that is currently repositioning in an orderly manner into the self-storage asset class.  The Company announced today that Mr. Alex Board has been unanimously appointed and approved by the Executive Committee of Silver Star (the “EC”) to be the Principal Accounting Officer and Deputy Chief Financial Officer of Silver Star. Mr. Board’s direct report will be to Gerald Haddock as Chief Executive Officer and Executive Chairman of the Board of Directors of ..read more

HOUSTON – April 15, 2024 – Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”), a self-managed real estate investment trust currently repositioning into the self-storage asset class, announced today that it is providing a general corporate update regarding various ongoing matters and activities.  As previously disclosed, the Company was unable to timely file its annual report on Form 10-K for the year ended December 31, 2023 because it continues to diligently search for a new independent auditor.  The Company is hopeful that a new auditor can be engaged in the near fu ..read more

HOUSTON — April 3, 2024 — Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”) is a self-managed real estate investment trust that is currently repositioning in an orderly manner into the self-storage asset class.  Hartman SPE, LLC (the “SPE”), an indirect subsidiary, which owns legacy office, retail, and industrial properties today announced that now that it has successfully effectuated the Chapter 11 Plan previously confirmed by the United States Bankruptcy Court for the District of Delaware, the Company will implement a reduction in force to maximize its efforts toward ..read more

HOUSTON — March 28, 2024 — Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”) is a self-managed real estate investment trust that is currently repositioning in an orderly manner into the self-storage asset class. Hartman SPE, LLC (the “SPE”), an indirect subsidiary, which owns legacy office, retail, and industrial properties, and lenders Benefit Street Partners (“BSP”) and RMWC (“RWMC”) are pleased to announce that they together successfully closed a $135 million exit facility (the “Exit Facility”) on March 27, 2024, allowing SPE to go effective on its Chapter 11 Plan of Reorg ..read more

HOUSTON — February 27, 2024 Why did the Company adopt a shareholder rights plan?  On August 18, 2023, the Executive Committee of the Board of Directors (the “EC”) adopted a shareholder rights plan (the “Rights Plan”) as a protective measure to protect (i) the efforts and strategic business plans, thoroughly and deliberately considered, of the EC and management and (ii) the interests of all of the Company’s shareholders.  A shareholder rights plan is fundamentally a protective and defensive measure.  It is not meant to benefit or to harm the shareholders or their leadership.&nb ..read more

HOUSTON — February 26, 2024 — Silver Star Properties REIT, Inc. (“Silver Star” or the “Company”) is a self-managed real estate investment trust that is currently repositioning in an orderly manner into the self-storage asset class. Hartman SPE, LLC (the “SPE”), an indirect subsidiary, which owns legacy office, retail, and industrial properties today announced “the United States Bankruptcy Court for the District of Delaware confirmed in all respects the SPE’s Combined Disclosure Statement and Chapter 11 Plan.” Under the Chapter 11 Plan, the SPE will continue to conduct an orderly sale of its a ..read more

HOUSTON — Feb. 9, 2024 — Silver Star Properties REIT, Inc. a Houston based real estate investment trust (the “Company”) through its rights agent has sent a letter to shareholders notifying them that additional shares issued on January 16, 2024, resulting from the Company’s Rights Agreement and Flip-In Event will be credited to shareholders. The shares are currently anticipated to be credited to shareholder accounts maintained by the transfer agent on or about February 9, 2024. As previously announced, on January 13, 2024, the Board of the Company determined that certain shareholders had becom ..read more

HOUSTON — Feb. 5, 2024 — Silver Star Properties REIT, Inc., a Houston based real estate investment trust (the “Company”), filed an 8-K with the Securities and Exchange Commission regarding legal challenges to the Company’s previously disclosed Rights Agreement dated August 18, 2023. The Company believes the claims are meritless and will vigorously defend against them. “The best way to protect and build shareholder value is to oppose these unwarranted efforts to liquidate the Company, which would result in a fire sale of assets,” said Gerald Haddock, Chairman of the Company’s Executi ..read more

HOUSTON — January 16, 2024 — Silver Star Properties REIT, Inc. (the “Company”), a Houston based real estate investment trust, announced that the Board of Directors (the “Board”) has acted decisively to protect its business plan and the majority of its shareholders against efforts by a group to derail the Company’s business plan. As a result, most shareholders will own double the number of shares of their Company Common Stock at no additional cost.   As previously disclosed, effective August 18, 2023, the Company implemented a Rights Agreement (the “Rights Agreement”), between the Company ..read more

Silver Star Properties REIT, Inc. Announces Listing on LODAS Markets, Offering Investors Secondary Market Access   HOUSTON — January 10, 2024 — Silver Star Properties REIT, Inc. (the “Company”) announced today that the stock of Silver Star Properties REIT, Inc. is now admitted to trading on LODASMarkets.com a secondary marketplace.   Co-CEO and President David Wheeler said, “Partnering with a secondary market leader like LODAS gives our investors an important new benefit as we continue our pivot to a portfolio focused on self-storage. We are proud to offer investors this opport ..read more