---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-033012"
form_type: "8-K"
ticker: null
cik: "0001446687"
company_name: "SILVER STAR PROPERTIES REIT, INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:15:09.396180+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Silver Star Properties REIT acquires Delray Beach self-storage facility for $26.5 million

## Summary
- Acquired 907-unit, 81,370 sq ft Class A facility in Delray Beach, FL for $26.5M from unrelated third party.
- Financed with $15.53M term loan (SOFR+3.5%, 2-year maturity) and $11.8M draw under existing junior loan.
- Fourth self-storage acquisition as part of pivot strategy; identified as 1031 replacement property for legacy asset sales.
- Loan guaranteed by company and affiliates Silver Star CRE LLC and Silver Star CRE II LLC.

## SEC filing metadata
- accession: 0001628280-24-033012
- form_type: 8-K
- cik: 0001446687
- company_name: SILVER STAR PROPERTIES REIT, INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1446687/000162828024033012/0001628280-24-033012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1446687/000162828024033012/fil-20240719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-033012
- JSON: https://secwatch.observer/filing/0001628280-24-033012.json
- Plain text: https://secwatch.observer/filing/0001628280-24-033012.txt

## Key facts
- M&A Transactions
  SILVER STAR PROPERTIES REIT, INC completed an acquisition involving an unrelated third party for $26.5 million (closed 2024-07-19).
  - Action: acquisition
  - Counterparty: an unrelated third party
  - Consideration: $26.5 million
  - Closing: 2024-07-19
  source text: property acquisition of a 907 unit, 81,370 square feet Class A facility located in Delray Beach, Florida. The Delray Beach storage facility was acquired at a cost of $26.5 million from an unrelated third party. Concurrent with the acquisition, an affiliate of the Company entered into a term loan agreement (the "Delray Loan Agreement" or “Loan”). Pursuant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1446687/000162828024033012/0001628280-24-033012-index.htm

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