{"schema_version":"secwatch.filing_event.v1","accession":"0001446687-24-000069","form_type":"8-K","ticker":null,"cik":"0001446687","company_name":"SILVER STAR PROPERTIES REIT, INC","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.455453+00:00","generated_at":"2026-06-04T03:26:50.362340+00:00","sec_items":["1.01","1.03","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hartman SPE emerges from Chapter 11 with $135M exit facility; plans self-storage pivot","bullets":["Hartman SPE, an indirect subsidiary, emerged from Chapter 11 on March 27, 2024 after court confirmation on Feb 26, 2024.","Exit facility consists of $120M senior loan from BSPRT CRE Finance and $15M junior loan from RMWC, both maturing April 2026.","Proceeds used to repay existing mortgage debt and fund reserves; all unsecured creditors and tenants paid in full.","Management estimates NAV of $2.70 per common share and OP unit as of Dec 31, 2023, subject to board approval.","Company plans to pivot to self-storage, expecting ~$370M in available funds at 50% LTV for investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001446687-24-000069","json":"https://secwatch.observer/filing/0001446687-24-000069.json","markdown":"https://secwatch.observer/filing/0001446687-24-000069.md","text":"https://secwatch.observer/filing/0001446687-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/fil-20240327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:26:50.362340+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":"1224f19f8dd26ce3d2658527cff3259f1b018143","claim":"SILVER STAR PROPERTIES REIT, INC reported a financing event involving guarantee.","evidence_excerpt":"The Company entered into guaranty agreements in favor of the Senior Lender and Junior Lender (each as defined below), whereby the Company, as guarantor, unconditionally guaranties the full and timely performance of the obligations set forth in the loan agreements and all other loan documents, including the payment of all indebtedness and obligations due under the loan agreements.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"}],"fact_type":"debt_financing"},{"claim_id":"39c924b0852dd5aaf34d9b127afdad64d0de32f1","claim":"SILVER STAR PROPERTIES REIT, INC incurred term loan of $15,000,000 with RMWC Silver Star Lending LLC at one-month CME term SOFR plus 15.00%.","evidence_excerpt":"On March 27, 2024, CRE and CRE II, as co-borrowers, and RMWC Silver Star Lending LLC (“Junior Lender”) entered into a junior term loan agreement (“Junior Loan Agreement”). Pursuant to the Junior Loan Agreement, the Junior Lender made a term loan to CRE and CRE II in the principal amount of $15,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$15,000,000"},{"label":"Counterparty","value":"RMWC Silver Star Lending LLC"},{"label":"Rate","value":"one-month CME term SOFR plus 15.00%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ae6296d223ca2a203bf8b08defc92c7379c32c5c","claim":"SILVER STAR PROPERTIES REIT, INC incurred term loan of $120,000,000 with BSPRT CRE Finance, LLC at one-month CME term SOFR plus 9.38% maturing April 9, 2026.","evidence_excerpt":"On March 27, 2024, CRE and CRE II, as co-borrowers, and BSPRT CRE Finance, LLC (“Senior Lender”) entered into a term loan agreement (“Senior Loan Agreement”). Pursuant to the Senior Loan Agreement, the Senior Lender made a term loan to CRE and CRE II in the principal amount of $120,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$120,000,000"},{"label":"Counterparty","value":"BSPRT CRE Finance, LLC"},{"label":"Rate","value":"one-month CME term SOFR plus 9.38%"},{"label":"Maturity","value":"April 9, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e1290be7b50d1c01c23b33784bee43013b686a57","claim":"SILVER STAR PROPERTIES REIT, INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-09-13).","evidence_excerpt":"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”) on September 13, 2023, commencing Case No. 23-1145 (the “Chapter 11 Case”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2023-09-13"}],"fact_type":"distress_event"},{"claim_id":"c316df09cb2b323a6337d42bc33f51d996606d8c","claim":"SILVER STAR PROPERTIES REIT, INC entered into Junior Loan Agreement with RMWC Silver Star Lending LLC valued at $15,000,000 (effective 2024-03-27).","evidence_excerpt":"On March 27, 2024, CRE and CRE II, as co-borrowers, and RMWC Silver Star Lending LLC (“Junior Lender”) entered into a junior term loan agreement (“Junior Loan Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"RMWC Silver Star Lending LLC"},{"label":"Value","value":"$15,000,000"},{"label":"Effective","value":"2024-03-27"}],"fact_type":"material_agreement"},{"claim_id":"edab8349eacb4a5af7ff6f90a51e21a414bea6f9","claim":"SILVER STAR PROPERTIES REIT, INC entered into Senior Loan Agreement with BSPRT CRE Finance, LLC valued at $120,000,000 (effective 2024-03-27).","evidence_excerpt":"On March 27, 2024, CRE and CRE II, as co-borrowers, and BSPRT CRE Finance, LLC (“Senior Lender”) entered into a term loan agreement (“Senior Loan Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1446687/000144668724000069/0001446687-24-000069-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BSPRT CRE Finance, LLC"},{"label":"Value","value":"$120,000,000"},{"label":"Effective","value":"2024-03-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}