secwatch.observer — SEC 8-K summary
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Issuer:     SILVER STAR PROPERTIES REIT, INC (—)
CIK:        0001446687
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001446687-24-000058
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1446687/000144668724000058/0001446687-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1446687/000144668724000058/fil-20240226.htm
  HTML page:      https://secwatch.observer/filing/0001446687-24-000058

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