---
schema_version: "secwatch.filing_event.v1"
accession: "0001446687-24-000058"
form_type: "8-K"
ticker: null
cik: "0001446687"
company_name: "SILVER STAR PROPERTIES REIT, INC"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:26:29.735205+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SPE Chapter 11 plan confirmed; Silver Star expects $370M for self-storage

## Summary
- Bankruptcy Court confirmed SPE's Chapter 11 plan on Feb 26, 2024; effective date expected by March 27.
- Plan transfers all SPE properties to indirect subsidiary Silver Star CRE, free of liens.
- Exit facility proceeds will repay Goldman Sachs SASB loan and set aside ~$20.3M for unsecured claims.
- Silver Star anticipates ~$370M in available funds (at 50% LTV) for self-storage redeployment.
- Minority shareholder Hartman vREIT XXI agreed to cease interference; property sales to continue.

## SEC filing metadata
- accession: 0001446687-24-000058
- form_type: 8-K
- cik: 0001446687
- company_name: SILVER STAR PROPERTIES REIT, INC
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1446687/000144668724000058/0001446687-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1446687/000144668724000058/fil-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001446687-24-000058
- JSON: https://secwatch.observer/filing/0001446687-24-000058.json
- Plain text: https://secwatch.observer/filing/0001446687-24-000058.txt

## Key facts
- Distress & Bankruptcy
  SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-09-14).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-09-14
  source text: SPE filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), commencing Case No. 23-1145 (the “Bankruptcy Case”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000144668724000058/0001446687-24-000058-index.htm

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