# EDGAR Filing Document

**Accession Number:** 0001446687
**File Stem:** 0001437749-26-019764
**Filing Date:** 2026-6
**Character Count:** 11990
**Document Hash:** 935987140b564103026a523f27fbed1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-019764.hdr.sgml**: 20260608

**ACCESSION NUMBER**: 0001437749-26-019764

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260528

**ITEM INFORMATION**: Bankruptcy or Receivership

**ITEM INFORMATION**: Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260608

**DATE AS OF CHANGE**: 20260605

**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:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41786
- **FILM NUMBER:** 261070497

**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

?xml version='1.0' encoding='ASCII'? sspr20260605c_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

CURRENT REPORT

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): May 28, 2026**

**<u>SILVER STAR PROPERTIES REIT, INC.</u>**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **<u>Maryland</u>** | **<u>000-53912</u>** | **<u>26-3455189</u>** |
| (State or other jurisdiction of<br> incorporation or organization) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

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| | |
|:---|:---|
| **100 N. FOREST PARK BLVD, SUITE 100, FORT WORTH, Texas** | **76102** |
| (Address of principal executive offices) | (Zip Code) |

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Registrant's telephone number, including area code: **(817) 885-8390**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered or to be registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.03 Bankruptcy or Receivership.**

On May 28, 2026, Silver Star Properties REIT, Inc. ("Silver Star" or the "Company"), filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Case No. 26-42316-mxm11 (the "Silver Star Bankruptcy Filing").

The Company owns substantially all of its assets and conducts its operation through Silver Star Operating Partnership, LP (the "Operating Partnership"). The Company's wholly owned subsidiary, Hartman XX GP, LLC, is the sole general partner of the Operating Partnership and the Company owns a majority limited partner interest in the Operating Partnership.

On May 28, 2026, Silver Star Virginia Parkway, LLC (the "McKinney Debtor"), a subsidiary of Hartman SPE LLC, a Delaware limited liability company (the "SPE"), filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Case No. 26-42315-mxm11 (the "McKinney Debtor Bankruptcy Filing").

SPE is subsidiary of Silver Star Operating Partnership, LP (the "Operating Partnership"). The Company's wholly owned subsidiary, Silver Star SPE Management, LLC, is the manager of SPE.

**Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.**

The Silver Star Bankruptcy Filing was made in an abundance of caution. The Company is the guarantor of four loan agreements which are currently in default. The guaranteed loan agreements are; (i) $57,500,000 loan by and among SS 201 HIGHWAY 31 NW, LLC, SS 879 HIGHWAY 78, LLC, SS 1401 GOLDEN SPRINGS ROAD, LLC, SS 201 HIGHWAY 31 NW, LLC, SS 879 HIGHWAY 78, LLC, SS 1401 GOLDEN SPRINGS ROAD, LLC, SS 1800 AIRPORT ROAD, LLC, SS 300 E F STREET, LLC, SS 819 W MAIN STREET, LLC, SS 533 N MAIN STREET, LLC, SS 17909 BURKE STREET, LLC, SS 104 HIGHWAY 52 W, LLC, SS 200 W MAPLEWOOD LANE, LLC, SS 1300 HAZELWOOD DRIVE, LLC, SS N 168 W 21330 MAIN STREET, LLC, SS 333 PHILLIPS BOULEVARD, LLC, SS 812 N MAIN STREET, LLC, SS 1401 SPRINGDALE STREET, LLC, SS 1531 S MADISON ROAD, LLC, and collectively the Walgreens Borrower (the "Walgreens Borrowers"), and Greyhawk Silver Star LLC, as successor in interest to BSPRT CRE FINANCE, LLC, as lender ("the Walgreens Lender"); (ii) $15,530,000 loan by and among Silver Star Delray, LLC as borrower and FBRED BDC FINANCE LLC as lender; (iii) $17,000,000 loan agreement by and among Cooper Street SPE, LLC as borrower and HSRE-ADV VII LLC as lender; and (iv) $8,100,000 loan agreement by and amount Hartman Retail III DST as borrower and Wells Fargo, N.A. as trustee for the commercial mortgage backed lender. The outstanding principal loan amounts are $24,599,690, $15,530,000, $17,000,000 and $8,100,000, respectively.

The promissory note dated June 7, 2024 among Ashton Gaskins Storage LLC, a Texas limited liability company as lender and the McKinney Debtor as borrower, as amended and subject to forbearance is in default and the lender has posted the storage property subject of the promissory note and related security documents for foreclosure on Tuesday, June 2, 2026. The outstanding principal balance of the promissory note is $5,750,00.00, plus accrued interest at the default rate. The promissory note as amended matures on June 7, 2026.

**Item 7.01. Regulation FD Disclosure.**

On June 5, 2026, the Company issued a press release announcing the Silver Star Bankruptcy Filing and its strategic path forward, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information provided pursuant to this Item 7.01, including Exhibit 99.1 in Item 9.01, are "furnished" and shall not be deemed to be "filed" with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings. The furnishing of the remarks is not intended to constitute a representation that such furnishing is required by Regulation FD or that the remarks include material investor information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information in the future. The attached prepared remarks contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

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**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exhibits

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| | |
|:---|:---|
| **<u>Exhibit Number</u>** | **<u>Exhibit Description</u>** |
| 99.1 | [Silver Star Press Release – June 5, 2026](ex_973179.htm) |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | |
|:---|:---|
|  | SILVER STAR PROPERTIES REIT, INC. |
|  | (Registrant) |
| Date: June 5, 2026 | By: /s/ Louis T. Fox, III |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Louis T. Fox, III |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer & Treasurer |

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## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| ![logo.jpg](logo.jpg)<br>| FOR IMMEDIATE RELEASE<br> JUNE 5, 2026 |

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**Shareholder Update** – **Chapter 11 Filing and Strategic Path Forward**

Dear Shareholders,<br>On May 28, 2026, Silver Star Properties REIT, Inc. ("Silver Star" or the "Company") filed for Chapter 11 bankruptcy protection in the Northern District of Texas. This step allows the Company to preserve and protect the value of tangible and intangible assets of the Company and to restructure its obligations and complete the strategic plan previously communicated.<br>The Company initiated a liquidation strategy in 2023 to exit legacy office assets, resolve debt, and reposition remaining assets into a new entity (NewCo). However, lender constraints, litigation, and capital structure challenges have made it necessary and advisable to proceed under court supervision.<br>The Company's financial position reflects approximately $100 million in assets and approximately $75 million in liabilities. The bankruptcy proceeding provides a structured framework to resolve claims, complete asset sales, and evaluate strategic alternatives.<br>The Company intends to continue pursuing its prior strategy, including asset sales, resolution of liabilities, and potential creation of NewCo holding storage assets and litigation rights. However, all actions are now subject to court approval.<br>Shareholders should understand that under Chapter 11, creditors have priority over equity. Given the Company's balance sheet, there is significant risk that existing equity may be impaired or cancelled.<br>Management remains committed to maximizing value within the constraints of the restructuring process and will provide updates as appropriate.

**About Silver Star Properties REIT, Inc.**

Silver Star Properties REIT, Inc. is a publicly registered, non-traded real estate investment trust based in Fort Worth, Texas. Formerly known as Hartman Short Term Income Properties XX, Inc., the Company shifted its portfolio from legacy office, retail, and industrial properties to higher-growth self-storage and single-tenant real estate. Silver Star's mission is to create long-term shareholder value through disciplined, efficient investment and management.

**Forward-Looking Statements**

This press release may contain forward-looking statements regarding strategic plans, projected savings, and expected outcomes. Actual results may differ due to various risks, including market changes, execution risks, and other factors disclosed in the Company's SEC filings. Silver Star undertakes no obligation to update forward-looking statements.

Sincerely,

The Board of Directors and Management