---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-031319"
form_type: "8-K"
ticker: null
cik: "0001446687"
company_name: "SILVER STAR PROPERTIES REIT, INC"
filed_at: "2024-07-05T23:59:59+00:00"
generated_at: "2026-05-31T23:19:48.502296+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Silver Star sells $40.5M asset, acquires $60.25M Walgreens, $40.75M self-storage, court win

## Summary
- Completed sale of Richardson Heights Shopping Center for $40.5M; proceeds reduced Senior Loan principal by $37.5M.
- Acquired 16 Walgreens triple-net properties for $60.25M, 100% financed, to facilitate 1031 exchanges.
- Acquired three self-storage properties for $40.75M (1,668 units); expects to close fourth in July 2024.
- Court denied former CEO Hartman's motion for partial summary judgment, allowing company to continue New Direction Plan.
- Evaluating options for Southern Star subsidiary including new DST offerings and $1M loan to Southern Star.

## SEC filing metadata
- accession: 0001628280-24-031319
- form_type: 8-K
- cik: 0001446687
- company_name: SILVER STAR PROPERTIES REIT, INC
- filed_at: 2024-07-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031319/0001628280-24-031319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031319/fil-20240628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-031319
- JSON: https://secwatch.observer/filing/0001628280-24-031319.json
- Plain text: https://secwatch.observer/filing/0001628280-24-031319.txt

## Key facts
- M&A Transactions
  SILVER STAR PROPERTIES REIT, INC completed an acquisition involving Walgreens (seller unknown, presumably the counterparty is Walgreen Co. or its affiliate) for $60.25 million which was 100% financed (closed 2024-07-01).
  - Action: acquisition
  - Counterparty: Walgreens (seller unknown, presumably the counterparty is Walgreen Co. or its affiliate)
  - Consideration: $60.25 million which was 100% financed
  - Closing: 2024-07-01
  source text: on July 1, 2024, the Company completed the acquisition of sixteen (16) triple-net properties leased by Walgreens for $60.25 million which was 100% financed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031319/0001628280-24-031319-index.htm
- M&A Transactions
  SILVER STAR PROPERTIES REIT, INC completed an acquisition involving unknown (multiple sellers) for combined cost of $40.75 million (closed 2024-07-01).
  - Action: acquisition
  - Counterparty: unknown (multiple sellers)
  - Consideration: combined cost of $40.75 million
  - Closing: 2024-07-01
  source text: As of July 1, 2024, Silver Star has completed the acquisition of three self-storage properties at a combined cost of $40.75 million, comprising 1,668 units within 161,164 square feet.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031319/0001628280-24-031319-index.htm
- M&A Transactions
  SILVER STAR PROPERTIES REIT, INC completed a disposition involving JAHCO Richardson Heights LLC for $40.5 million in cash, subject to customary pro-rations and adjustments (closed 2024-06-28).
  - Action: disposition
  - Counterparty: JAHCO Richardson Heights LLC
  - Consideration: $40.5 million in cash, subject to customary pro-rations and adjustments
  - Closing: 2024-06-28
  source text: On June 28, 2024, Silver Star Properties REIT, Inc. (the "Company"), completed the sale of its Richardson Heights property located in Richardson, Texas for a sales price of $40.5 million in cash, subject to customary pro-rations and adjustments. The property was sold to JAHCO Richardson Heights LLC, an unrelated third-party.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031319/0001628280-24-031319-index.htm

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