{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-019764","form_type":"8-K","ticker":null,"cik":"0001446687","company_name":"SILVER STAR PROPERTIES REIT, INC","filed_at":"2026-06-05T21:50:23+00:00","discovered_at":"2026-06-08T10:05:00.246045+00:00","generated_at":"2026-06-08T10:09:43.789246+00:00","sec_items":["1.03","2.04","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Silver Star Properties REIT files Chapter 11 bankruptcy; $100M assets, $75M liabilities","bullets":["Four guaranteed loans in default: Walgreens ($24.6M), Delray ($15.5M), Cooper St ($17M), Hartman ($8.1M).","Storage property subject to foreclosure on June 2, 2026 on $5.75M note with default-rate interest.","Bankruptcy filed May 28, 2026 in Northern District of Texas; strategy to exit office assets and create NewCo.","Under Chapter 11, creditors have priority over equity; existing equity at significant risk of impairment.","Company initiated liquidation strategy in 2023; lender constraints and litigation led to court-supervised process."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-019764","json":"https://secwatch.observer/filing/0001437749-26-019764.json","markdown":"https://secwatch.observer/filing/0001437749-26-019764.md","text":"https://secwatch.observer/filing/0001437749-26-019764.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/sspr20260605c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T10:09:43.789246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9619c5a395d23d82653318db1e8be9d367a3fff4","claim":"SILVER STAR PROPERTIES REIT, INC reported a default on loan of $15,530,000 with FBRED BDC FINANCE LLC.","evidence_excerpt":"(ii) $15,530,000 loan by and among Silver Star Delray, LLC as borrower and FBRED BDC FINANCE LLC as lender","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.85,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$15,530,000"},{"label":"Counterparty","value":"FBRED BDC FINANCE LLC"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"a5160d46c9efda3437c58721dbbcdf3e0865ec37","claim":"SILVER STAR PROPERTIES REIT, INC reported a default on loan of $5,750,00.00 with Ashton Gaskins Storage LLC maturing June 7, 2026.","evidence_excerpt":"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. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_973179.htm EXHIBIT 99.1","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.85,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$5,750,00.00"},{"label":"Counterparty","value":"Ashton Gaskins Storage LLC"},{"label":"Maturity","value":"June 7, 2026"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"a96a565e3a6cd028f3691e8d49e99ca63105b4b1","claim":"SILVER STAR PROPERTIES REIT, INC reported a default on loan of $57,500,000 with Greyhawk Silver Star LLC.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.85,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$57,500,000"},{"label":"Counterparty","value":"Greyhawk Silver Star LLC"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"afeca7137e9f5ea5f6291412300874a1779e8240","claim":"SILVER STAR PROPERTIES REIT, INC reported a default on loan of $17,000,000 with HSRE-ADV VII LLC.","evidence_excerpt":"(iii) $17,000,000 loan agreement by and among Cooper Street SPE, LLC as borrower and HSRE-ADV VII LLC as lender","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.85,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$17,000,000"},{"label":"Counterparty","value":"HSRE-ADV VII LLC"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"c4c1f0e089b3717d2c7d4773a269e669014a711f","claim":"SILVER STAR PROPERTIES REIT, INC reported a default on loan of $8,100,000 with Wells Fargo, N.A. as trustee.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.85,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$8,100,000"},{"label":"Counterparty","value":"Wells Fargo, N.A. as trustee"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"48e0ac65b0a6deb5612cba812ce42f2e320a9dd5","claim":"SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas (petition 2026-05-28).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Northern District of Texas"},{"label":"Petition","value":"2026-05-28"}],"fact_type":"distress_event"},{"claim_id":"8d2370c6907ff191bf6b3b1638a2fe24f0542ddf","claim":"SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas (petition 2026-05-28).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Northern District of Texas"},{"label":"Petition","value":"2026-05-28"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}