--- 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" generated_at: "2026-06-08T10:09:43.789246+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Silver Star Properties REIT files Chapter 11 bankruptcy; $100M assets, $75M liabilities ## Summary - 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. ## SEC filing metadata - accession: 0001437749-26-019764 - form_type: 8-K - cik: 0001446687 - company_name: SILVER STAR PROPERTIES REIT, INC - filed_at: 2026-06-05T21:50:23+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.03, 2.04, 7.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-26-019764 - JSON: https://secwatch.observer/filing/0001437749-26-019764.json - Plain text: https://secwatch.observer/filing/0001437749-26-019764.txt ## Key facts - Debt Financings SILVER STAR PROPERTIES REIT, INC reported a default on loan of $15,530,000 with FBRED BDC FINANCE LLC. - Instrument: loan - Principal: $15,530,000 - Counterparty: FBRED BDC FINANCE LLC - Event: default source text: (ii) $15,530,000 loan by and among Silver Star Delray, LLC as borrower and FBRED BDC FINANCE LLC as lender evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm - Debt Financings SILVER STAR PROPERTIES REIT, INC reported a default on loan of $5,750,00.00 with Ashton Gaskins Storage LLC maturing June 7, 2026. - Instrument: loan - Principal: $5,750,00.00 - Counterparty: Ashton Gaskins Storage LLC - Maturity: June 7, 2026 - Event: default source text: 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_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm - Debt Financings SILVER STAR PROPERTIES REIT, INC reported a default on loan of $57,500,000 with Greyhawk Silver Star LLC. - Instrument: loan - Principal: $57,500,000 - Counterparty: Greyhawk Silver Star LLC - Event: default source text: 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_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm - Debt Financings SILVER STAR PROPERTIES REIT, INC reported a default on loan of $17,000,000 with HSRE-ADV VII LLC. - Instrument: loan - Principal: $17,000,000 - Counterparty: HSRE-ADV VII LLC - Event: default source text: (iii) $17,000,000 loan agreement by and among Cooper Street SPE, LLC as borrower and HSRE-ADV VII LLC as lender evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm - Debt Financings SILVER STAR PROPERTIES REIT, INC reported a default on loan of $8,100,000 with Wells Fargo, N.A. as trustee. - Instrument: loan - Principal: $8,100,000 - Counterparty: Wells Fargo, N.A. as trustee - Event: default source text: (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_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm - Distress & Bankruptcy SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas (petition 2026-05-28). - Proceeding: chapter 11 - Court: United States Bankruptcy Court for the Northern District of Texas - Petition: 2026-05-28 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm - Distress & Bankruptcy SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas (petition 2026-05-28). - Proceeding: chapter 11 - Court: United States Bankruptcy Court for the Northern District of Texas - Petition: 2026-05-28 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/0001437749-26-019764-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.