secwatch.observer — SEC 8-K summary
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Issuer:     SILVER STAR PROPERTIES REIT, INC (—)
CIK:        0001446687
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001628280-24-033012
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1446687/000162828024033012/0001628280-24-033012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1446687/000162828024033012/fil-20240719.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033012

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