Silver Star Properties REIT Pursuing “Complete Separation” From Hartman

Posted on March 21st, 2023 at 2:17 PM
Silver Star Properties REIT Pursuing “Complete Separation” From Hartman

From the desk of Jim Eccleston at Eccleston Law 

Silver Star Properties REIT, formerly known as Hartman Short Term Income Properties XX Inc., announced that the company is “currently in discussions” with Allen Hartman regarding a complete separation between Silver Star and Hartman vREIT XXI Inc.

Hartman vREIT XXI previously announced in November 2022 that there is “substantial doubt about the company’s ability to continue as a going concern.” Silver Star further reported that the company is in negotiations with chief executive Mark Torok and other executives regarding extended employment agreements.

The company changed its name in December 2022 to Silver Star Properties REIT Inc. to “reflect a new direction aimed at maximizing shareholder value.” Silver Star and Torok previously designed a plan to reposition the company’s assets into the self-storage asset class. Nevertheless, the company reported that the repositioning effort has been temporarily suspended “for strategic reasons, pending the completion of other matters” referenced above.

Silver Star Properties REIT owned 44 commercial properties in Texas constituting 6.8 million square feet plus four pad sites and two land developments as of September 2022.

Eccleston Law LLC represents financial advisors and investors nationwide in securities, employment, transition, regulatory and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive



If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.


September 20, 2023
SEC Orders Legendary Capital Founder and REIT Advisors to Pay Nearly $5 Million

Corey Maple, co-founder of non-traded REIT sponsor Legendary Capital, has agreed to a $100,000 civil penalty to settle charges brought by the Securities and Exchange Commission (SEC).

September 19, 2023
Reg BI Violations Lead to FINRA's Fine on Another Broker-Dealer

The Financial Industry Regulatory Authority (FINRA) has fined and censured broker-dealer Network 1 Financial Securities and its chief compliance officer for violating Regulation Best Interest (Reg BI).

September 18, 2023
Troubles at an Arizona Park Funded by Municipal Bonds Are a Warning to Investors

The recent financial troubles at a sports arena in Mesa, Arizona, demonstrate that not all municipal bonds are equally safe.