---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-031380"
form_type: "8-K"
ticker: null
cik: "0001446687"
company_name: "SILVER STAR PROPERTIES REIT, INC"
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T22:56:57.185400+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Silver Star buys 16 Walgreens for $60.25M, sells Richardson Heights for $40.5M, court win

## Summary
- Closed purchase of 16 triple-net Walgreens properties for $60.25M, 100% financed via $57.75M term loan at 6% and $3.9M junior loan draw.
- Sold Richardson Heights Shopping Center (Richardson, TX) for $40.5M, closed June 28 despite anchor tenant's Chapter 7 filing.
- Court denied former CEO Hartman's motion for partial summary judgment, allowing company to continue orderly asset transition.
- Acquired three self-storage facilities for $40.75M (1,668 units); fourth 907-unit Delray Beach property expected to close July 2024.
- Targets ~$350M in self-storage/single-tenant assets with ~65% LTV; plans to resume distributions and seek exchange listing.

## SEC filing metadata
- accession: 0001628280-24-031380
- form_type: 8-K
- cik: 0001446687
- company_name: SILVER STAR PROPERTIES REIT, INC
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031380/0001628280-24-031380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031380/fil-20240701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-031380
- JSON: https://secwatch.observer/filing/0001628280-24-031380.json
- Plain text: https://secwatch.observer/filing/0001628280-24-031380.txt

## Key facts
- M&A Transactions
  SILVER STAR PROPERTIES REIT, INC completed an acquisition involving unaffiliated financial institution for $60.25 million (closed 2024-07-01).
  - Action: acquisition
  - Counterparty: unaffiliated financial institution
  - Consideration: $60.25 million
  - Closing: 2024-07-01
  source text: On July 1, 2024, the Company, through 16 newly formed special purposes entities ("Borrowers") collectively as borrowers purchased 16 triple-net properties leased by Walgreens for $60.25 million ("Walgreens Purchase and Sale Agreement") from an unaffiliated financial institution.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000162828024031380/0001628280-24-031380-index.htm

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