---
schema_version: "secwatch.filing_event.v1"
accession: "0001446687-23-000050"
form_type: "8-K"
ticker: null
cik: "0001446687"
company_name: "SILVER STAR PROPERTIES REIT, INC"
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:30:58.170741+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Silver Star SPE files Ch 11; $217M loan default triggered; shift to self-storage

## Summary
- Hartman SPE LLC filed Chapter 11 bankruptcy on Sept 13, 2023, in Delaware.
- Filing triggers default on $217M SASB loan with Goldman Sachs; loan matures Oct 9, 2023.
- Company sold eight assets in 2023 for net proceeds over $108M; $131M assets under contract.
- Strategy to redeploy into self-storage; CEO Steve Treadwell recently appointed.
- Filing aims to complete orderly asset sales and refinancing despite dissident holder interference.

## SEC filing metadata
- accession: 0001446687-23-000050
- form_type: 8-K
- cik: 0001446687
- company_name: SILVER STAR PROPERTIES REIT, INC
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.03, 2.04, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1446687/000144668723000050/0001446687-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1446687/000144668723000050/a8-kspebk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001446687-23-000050
- JSON: https://secwatch.observer/filing/0001446687-23-000050.json
- Plain text: https://secwatch.observer/filing/0001446687-23-000050.txt

## Key facts
- Debt Financings
  SILVER STAR PROPERTIES REIT, INC reported a default on term loan of $217 million with Goldman Sachs Mortgage Company maturing October 9, 2023.
  - Instrument: term loan
  - Principal: $217 million
  - Counterparty: Goldman Sachs Mortgage Company
  - Maturity: October 9, 2023
  - Event: default
  source text: The Bankruptcy Filing constitutes an event of default (unless and until waived by Lender in writing in its sole discretion) under the SPE’s single asset, single borrower term loan agreement with Goldman Sachs Mortgage Company (the “SASB Loan”). The SASB Loan has a current outstanding principal amount of $217 million and, subject to the event of default triggered by the Bankruptcy Filing, the SASB Loan matures on October 9, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000144668723000050/0001446687-23-000050-index.htm
- Distress & Bankruptcy
  SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-09-13).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-09-13
  source text: On September 13, 2023, Hartman SPE, LLC (the “SPE”), a subsidiary of Hartman XX Limited Partnership, a Texas limited partnership (the “Operating Partnership”), filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, Case No. 23-1145 (the “Bankruptcy Filing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000144668723000050/0001446687-23-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.