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

TESTIMONIALS

Previous
Next

I have the best legal firm in the country to defend me. Awesome job!

Cindy C.

LATEST NEWS AND ARTICLES

October 20, 2025
FINRA Accuses Former MML Broker of Cheating on SIE Exam

Regulators have accused a former MML Investors Services-affiliated broker of cheating on the Securities Industry Essentials (SIE) exam, according to a recent Financial Industry Regulatory Authority (FINRA) enforcement complaint.

October 17, 2025
FINRA Fines Oak Hills Securities for Private Placement Misconduct

The Financial Industry Regulatory Authority (FINRA) has censured and fined Oak Hills Securities Inc., an Oklahoma City brokerage, for multiple rule violations over five years.

October 16, 2025
FINRA Suspends Former Citigroup Advisor Over Undisclosed Business Activities

The Financial Industry Regulatory Authority (FINRA) has suspended former Citigroup representative Maximiliano Ramirez and fined him $5,000 for engaging in undisclosed outside business activities and investments.