# EDGAR Filing Document

**Accession Number:** 0001446687
**File Stem:** 0001446687-25-000176
**Filing Date:** 2025-10
**Character Count:** 28290
**Document Hash:** 880b477cc63d5378e17791c0831ee9af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001446687-25-000176.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001446687-25-000176

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SILVER STAR PROPERTIES REIT, INC
- **CENTRAL INDEX KEY:** 0001446687
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 263455189
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41786
- **FILM NUMBER:** 251394582

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SAWYER ST. STE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77007
- **BUSINESS PHONE:** 713-467-2222

**MAIL ADDRESS:**
- **STREET 1:** 601 SAWYER ST. STE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SILVER STAR PROPERTIES REIT, INC.
- **DATE OF NAME CHANGE:** 20221221

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hartman Short Term Income Properties XX, Inc.
- **DATE OF NAME CHANGE:** 20080930

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A**

**Proxy Statement pursuant to Section 14(a) of the**

**Securities Exchange Act of 1934**

Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐

Check the appropriate box:

---

| | | |
|:---|:---|:---|
| ☐ | Preliminary Proxy Statement | Preliminary Proxy Statement |
| ☐ | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** |
| ☐ | Definitive Proxy Statement | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials | Definitive Additional Materials |
| ☐ | Soliciting Material under Rule 14a-12 | Soliciting Material under Rule 14a-12 |
| **Silver Star Properties REIT, Inc.** | **Silver Star Properties REIT, Inc.** | **Silver Star Properties REIT, Inc.** |
| **(Name of Registrant as Specified in Its Charter)** | **(Name of Registrant as Specified in Its Charter)** | **(Name of Registrant as Specified in Its Charter)** |
| **(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** | **(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** | **(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** |
| Payment of Filing Fee (Check the appropriate box): | Payment of Filing Fee (Check the appropriate box): | Payment of Filing Fee (Check the appropriate box): |
| ☒ | No fee required | No fee required |
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 |
|  | (1) | Title of each class of securities to which transaction applies: |
|  | (2) | Aggregate number of securities to which transaction applies: |
|  | (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
|  | (4) | Proposed maximum aggregate value of transaction: |
|  | (5) | Total fee paid: |
| ☐ | Fee paid previously with preliminary materials. | Fee paid previously with preliminary materials. |
| ☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
|  | (1) | Amount Previously Paid: |
|  | (2) | Form, Schedule or Registration Statement No.: |
|  | (3) | Filing Party: |
|  | (4) | Date Filed: |

---

------

On October 15, 2025, Silver Star Properties REIT, Inc. ("Silver Star" or the "Company") issued a News Release entitled "Is Hartman Really Aligned with Shareholders?" The News Release thanks shareholders for their continued engagement ahead of the October 20, 2025 Annual Meeting and urges all investors to vote the WHITE proxy card. It highlights evidence of Allen Hartman's conduct and actions that conflict with and undermine shareholder interests. The release further clarifies audit delays stem from the complex legacy issues left by Hartman's prior leadership and as the direct results of actions taken by Hartman subsequent to his removal which created significant accounting complexities that have extended the audit process. The release also underscores the Company's continued progress under its current leadership, including substantial debt reduction, asset sales exceeding $420 million, and sustained growth in its self-storage platform. Please refer to the full News Release presented below and attached hereto as Exhibit 99.1 for further details.

**Exhibit Index**

---

| | |
|:---|:---|
| **<u>Exhibit Number</u>** | **<u>Exhibit Description</u>** |
| <u>[99.1](exhibit991-october 152025xs.htm)</u> | <u>[October 15, 2025 - News Release](exhibit991-october 152025xs.htm)</u> |

---

------

![imagea.jpg](imagea.jpg)

October 15, 2025

**Is Hartman Really Aligned with Shareholders?**

Dear Fellow Shareholders,

Thank you for your continued support – for your votes, the phone calls, your meetings, your engagement, and for attending our recent shareholder webinar. Your time and attention matter. If you haven't voted yet ahead of the October 20, 2025 Annual Meeting of Shareholders, this is a reminder to do so today at **<u>https://web.viewproxy.com/silverstarreit/2025</u>**. **VOTE THE WHITE CARD.** Every single vote counts in protecting your investment and the future of Silver Star.

**Is Hartman Really Aligned with Shareholders?**

As you have seen, as revealed in our filings, presentations, and court filings, we believe Hartman's actions and personality traits tell a clear story. His behavior is manipulative, deceptive, and self-serving. He uses moralistic language to disguise personal motives, seeks control for recognition, and shows a complete lack of empathy – even exposing himself to an employee. His track record is one of rule-breaking, blame-shifting, and reckless disregard for governance.

When he says he's "fighting to reclaim what was stolen," remember this: nothing was stolen. **Silver Star belongs to you – the shareholders.** Hartman's obsession with control and revenge has nothing to do with creating value and everything to do with concealing misconduct and avoiding accountability.

Court filings and independent investigations tell a disturbing story:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hartman misused company funds to enrich himself.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He concealed transactions from Silver Star's independent directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He formed Hartman Advisors II to divert advisory fees, equity stakes, and profits that should have gone to Silver Star.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He intimidated employees who questioned him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He withheld disclosures in SEC filings and stamped documents "confidential" to hide his actions.

In short, he built a maze of deceit and self-dealing, draining millions from Silver Star to prop up his own empire. These are not the actions of someone "aligned" with shareholders – they are the markers of someone desperate to regain control before the truth fully comes out in court.

**Why the Audit is Delayed**

------

![imagea.jpg](imagea.jpg)

Silver Star cannot complete its audit while auditors are forced to untangle the web of transactions created under Hartman's control. More than $1.3 million has been spent on audit work to date, with new findings surfacing at every turn. We have presented unaudited financials but are waiting on auditors to complete the audit. They are getting closer.

This delay is not a result of your board – it's the direct result of Hartman's interference, his lawsuits, and the need for accuracy before finalizing financials. This week, Silver Star is in Harris County court again, seeking to strike down yet another filing intended to stall progress.

**What's at Stake**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hartman made legitimate shareholder votes disappear — one of more than 250 SEC violations now before federal court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He diverted millions from Silver Star to fund his personal projects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He continues to manipulate the truth, portraying himself as a victim when he was the one in charge during the period of alleged misconduct.

The board's responsibility is clear: fight for recovery, for accountability, and for every dollar that belongs to you.

**The Path Forward**

Under current leadership, Silver Star has reduced debt, stabilized operations, sold over $420 million in legacy assets, and successfully pivoted into self-storage — a business delivering steady cash flow and real value. Third-party analysts agree that this is the best route to sustainable performance and future liquidity.

Despite Hartman's noise and lawsuits, Silver Star continues to make progress every week. The difference between his regime and your current board could not be clearer: integrity versus manipulation, transparency versus deceit, and recovery versus regression.

**Stay Informed**

Watch the October 6, 2025 shareholder webinar at silverstarreit.com. It lays out the facts – not fiction. Email **<u>investorrelations@silverstarreit.com</u>** or call **<u>877-734-8876</u>**, to speak directly with Chairman Gerald Haddock.

**Vote the WHITE Card**

Vote the WHITE card today to protect your investment and the company's future.

If you already voted the BLUE card, you can still change your vote — only your latest vote counts.

------

![imagea.jpg](imagea.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Vote online: **<u>https://web.viewproxy.com/silverstarreit/2025</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vote by phone with a live agent: 1-844-202-6616 (Mon–Fri, 9am–10pm ET)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vote by automated line 24/7: 1-866-804-9616 (have your 11-digit code ready)

Questions: Contact Alliance Advisors at 1-844-202-6616 or email **<u>SLVS@allianceadvisors.com.</u>**

Your vote matters. Your voice matters. Let's finish what we started – accountability, recovery, and a future built on truth.

Vote the WHITE card. Protect YOUR Company.

Sincerely,

The Board of Directors

Silver Star Properties REIT

**Media Contact:** 

**📧 <u>press@silverstarREIT.com</u>**

**Investor Relations Contact:** 

📧 **<u>investorrelations@silverstarREIT.com</u>**

📞 877-734-8876

------

**ADDITIONAL INFORMATION AND WHERE TO FIND IT**

The Company has filed with the SEC a definitive proxy statement on Schedule 14A on May 29, 2025, containing relevant documents with respect to its solicitation of proxies for the Company's 2025 Annual Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. In accordance with Section 14(a) of the Securities Exchange Act of 1934, as amended, and Rule 14a-6 promulgated thereunder, to the extent that any information contained in this Proxy Statement Supplement modifies, supersedes, or supplements the disclosures set forth in the Company's definitive Proxy Statement filed with the Securities and Exchange Commission on May 29, 2025, such information shall be deemed to so modify, supersede, or supplement—and shall be incorporated by reference into—that Proxy Statement as of the date hereof. Investors and security holders may obtain copies of these documents and other documents filed with the SEC by the Company free of charge through the website maintained by the SEC at <u>www.sec.gov</u>. Copies of the documents filed by the Company are also available free of charge by accessing the Company website at <u>www.silverstarreit.com</u>.

**Participants in the Solicitation**

Silver Star and its directors and executive officers may be deemed to be participants in the solicitation of proxies with respect to the 2025 Annual Meeting. Information regarding Silver Star's directors and executive officers is contained in the definitive proxy statement. As of June 20, 2025, the Silver Star Executive Committee and current directors, and executive officers beneficially owned approximately 3,517,313 shares, or 1.89%, of Silver Star common stock. Additional information regarding the interests of such participants is included in the definitive proxy statement and is available free of charge at the SEC's website at <u>www.sec.gov</u>.

###

***Forward-Looking Statements: This message contains a number of forward-looking statements. Because such statements include a number of risks, uncertainties, and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements, and investors should not place undue reliance on any such statements. Forward-looking statements can often be identified by words such as "draft". "pro forma", "continues," "can," expect," "intend," "will," "anticipate," "estimate," "may," "plan," "believe" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations its annual report on Form 10-K can be completed and publicly filed; the Company's expectations and beliefs regarding the Hartman litigation; the timing and ultimate resolution of the various litigation, fight for corporate control and other matters involving Hartman; the continued execution of the Company's strategy of pivoting into the***

------

***self-storage space; the Company's view of the future of self-storage; the Company's view of the future performance of any specific asset or all assets of the Company; the Company's view of the potential future share price of the common stock; the Company's continual evaluation of its legacy assets in order to maximize shareholder value; the Company's policy to not dispose of any asset for less than its maximum determinable value and to maximize earnings and value; the implications to the Company of the assignment of an OTC trading symbol for its common stock; whether the Company may be subject to certain FINRA rules; any actions the Company may need to take to comply with any FINRA rules; the Company's continual evaluation of various options to provide greater shareholder liquidity, including its intention to seek listing of its common stock on a securities exchange or admission to over-the-counter trading, a public offering, a listing of the common stock on an exchange or admission to OTC trading without a public offering, and merger and/or acquisition opportunities; the Company's belief that further legal action could ensue to unwind the issuance of common shares under the Rights Plan if Hartman prevails in his efforts to set aside or invalidate the Rights Plan or to cause the dilutive issuance of additional common shares to Hartman, as well as any further action Hartman may take to prevent other Company shareholders from receiving benefits under the Rights Plan. None of the foregoing are guarantees or assurances of future outcomes or results and all are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this material. Forward-looking statements in presentations and press and news releases speak only as of the date on which such statements were made, and the Company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.***

## Exhibit 99.1

![image_0a.jpg](image_0a.jpg)

October 15, 2025

**Is Hartman Really Aligned with Shareholders?**

Dear Fellow Shareholders,

Thank you for your continued support – for your votes, the phone calls, your meetings, your engagement, and for attending our recent shareholder webinar. Your time and attention matter. If you haven't voted yet ahead of the October 20, 2025 Annual Meeting of Shareholders, this is a reminder to do so today at **<u>https://web.viewproxy.com/silverstarreit/2025</u>**. **VOTE THE WHITE CARD.** Every single vote counts in protecting your investment and the future of Silver Star.

**Is Hartman Really Aligned with Shareholders?**

As you have seen, as revealed in our filings, presentations, and court filings, we believe Hartman's actions and personality traits tell a clear story. His behavior is manipulative, deceptive, and self-serving. He uses moralistic language to disguise personal motives, seeks control for recognition, and shows a complete lack of empathy – even exposing himself to an employee. His track record is one of rule-breaking, blame-shifting, and reckless disregard for governance.

When he says he's "fighting to reclaim what was stolen," remember this: nothing was stolen. **Silver Star belongs to you – the shareholders.** Hartman's obsession with control and revenge has nothing to do with creating value and everything to do with concealing misconduct and avoiding accountability.

Court filings and independent investigations tell a disturbing story:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hartman misused company funds to enrich himself.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He concealed transactions from Silver Star's independent directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He formed Hartman Advisors II to divert advisory fees, equity stakes, and profits that should have gone to Silver Star.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He intimidated employees who questioned him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He withheld disclosures in SEC filings and stamped documents "confidential" to hide his actions.

In short, he built a maze of deceit and self-dealing, draining millions from Silver Star to prop up his own empire. These are not the actions of someone "aligned" with shareholders – they are the markers of someone desperate to regain control before the truth fully comes out in court.

**Why the Audit is Delayed**

------

![image_0a.jpg](image_0a.jpg)

Silver Star cannot complete its audit while auditors are forced to untangle the web of transactions created under Hartman's control. More than $1.3 million has been spent on audit work to date, with new findings surfacing at every turn. We have presented unaudited financials but are waiting on auditors to complete the audit. They are getting closer.

This delay is not a result of your board – it's the direct result of Hartman's interference, his lawsuits, and the need for accuracy before finalizing financials. This week, Silver Star is in Harris County court again, seeking to strike down yet another filing intended to stall progress.

**What's at Stake**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hartman made legitimate shareholder votes disappear — one of more than 250 SEC violations now before federal court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He diverted millions from Silver Star to fund his personal projects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• He continues to manipulate the truth, portraying himself as a victim when he was the one in charge during the period of alleged misconduct.

The board's responsibility is clear: fight for recovery, for accountability, and for every dollar that belongs to you.

**The Path Forward**

Under current leadership, Silver Star has reduced debt, stabilized operations, sold over $420 million in legacy assets, and successfully pivoted into self-storage — a business delivering steady cash flow and real value. Third-party analysts agree that this is the best route to sustainable performance and future liquidity.

Despite Hartman's noise and lawsuits, Silver Star continues to make progress every week. The difference between his regime and your current board could not be clearer: integrity versus manipulation, transparency versus deceit, and recovery versus regression.

**Stay Informed**

Watch the October 6, 2025 shareholder webinar at silverstarreit.com. It lays out the facts – not fiction. Email **<u>investorrelations@silverstarreit.com</u>** or call **<u>877-734-8876</u>**, to speak directly with Chairman Gerald Haddock.

**Vote the WHITE Card**

Vote the WHITE card today to protect your investment and the company's future.

If you already voted the BLUE card, you can still change your vote — only your latest vote counts.

------

![image_0a.jpg](image_0a.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vote online: **<u>https://web.viewproxy.com/silverstarreit/2025</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vote by phone with a live agent: 1-844-202-6616 (Mon–Fri, 9am–10pm ET)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vote by automated line 24/7: 1-866-804-9616 (have your 11-digit code ready)

Questions: Contact Alliance Advisors at 1-844-202-6616 or email **<u>SLVS@allianceadvisors.com.</u>**

Your vote matters. Your voice matters. Let's finish what we started – accountability, recovery, and a future built on truth.

Vote the WHITE card. Protect YOUR Company.

Sincerely,

The Board of Directors

Silver Star Properties REIT

**Media Contact:** 

**📧 <u>press@silverstarREIT.com</u>**

**Investor Relations Contact:** 

📧 **<u>investorrelations@silverstarREIT.com</u>**

📞 877-734-8876

**ADDITIONAL INFORMATION AND WHERE TO FIND IT**

The Company has filed with the SEC a definitive proxy statement on Schedule 14A on May 29, 2025, containing relevant documents with respect to its solicitation of proxies for the Company's 2025 Annual Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. In accordance with Section 14(a) of the Securities Exchange Act of 1934, as amended, and Rule 14a-6 promulgated thereunder, to the extent that any information contained in this Proxy Statement Supplement modifies, supersedes, or supplements the disclosures set forth in the Company's definitive Proxy Statement filed with the Securities and Exchange Commission on May 29, 2025, such information shall be deemed to so modify, supersede, or supplement—and shall be incorporated by reference into—that Proxy Statement as of the date hereof. Investors and security holders may obtain copies of these documents and other documents filed with the SEC by the Company free of charge through the website maintained by the SEC at <u>www.sec.gov</u>. Copies of the documents filed by the Company are also available free of charge by accessing the Company website at <u>www.silverstarreit.com</u>.

**Participants in the Solicitation**

------

![image_0a.jpg](image_0a.jpg)

Silver Star and its directors and executive officers may be deemed to be participants in the solicitation of proxies with respect to the 2025 Annual Meeting. Information regarding Silver Star's directors and executive officers is contained in the definitive proxy statement. As of June 20, 2025, the Silver Star Executive Committee and current directors, and executive officers beneficially owned approximately 3,517,313 shares, or 1.89%, of Silver Star common stock. Additional information regarding the interests of such participants is included in the definitive proxy statement and is available free of charge at the SEC's website at <u>www.sec.gov</u>.

***###***

***Forward-Looking Statements: This message contains a number of forward-looking statements. Because such statements include a number of risks, uncertainties, and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements, and investors should not place undue reliance on any such statements. Forward-looking statements can often be identified by words such as "draft". "pro forma", "continues," "can," expect," "intend," "will," "anticipate," "estimate," "may," "plan," "believe" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations its annual report on Form 10-K can be completed and publicly filed; the Company's expectations and beliefs regarding the Hartman litigation; the timing and ultimate resolution of the various litigation, fight for corporate control and other matters involving Hartman; the continued execution of the Company's strategy of pivoting into the self-storage space; the Company's view of the future of self-storage; the Company's view of the future performance of any specific asset or all assets of the Company; the Company's view of the potential future share price of the common stock; the Company's continual evaluation of its legacy assets in order to maximize shareholder value; the Company's policy to not dispose of any asset for less than its maximum determinable value and to maximize earnings and value; the implications to the Company of the assignment of an OTC trading symbol for its common stock; whether the Company may be subject to certain FINRA rules; any actions***

------

![image_0a.jpg](image_0a.jpg)

***the Company may need to take to comply with any FINRA rules; the Company's continual evaluation of various options to provide greater shareholder liquidity, including its intention to seek listing of its common stock on a securities exchange or admission to over-the-counter trading, a public offering, a listing of the common stock on an exchange or admission to OTC trading without a public offering, and merger and/or acquisition opportunities; the Company's belief that further legal action could ensue to unwind the issuance of common shares under the Rights Plan if Hartman prevails in his efforts to set aside or invalidate the Rights Plan or to cause the dilutive issuance of additional common shares to Hartman, as well as any further action Hartman may take to prevent other Company shareholders from receiving benefits under the Rights Plan. None of the foregoing are guarantees or assurances of future outcomes or results and all are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this material. Forward-looking statements in presentations and press and news releases speak only as of the date on which such statements were made, and the Company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.***

<br>