Silver Star Properties REIT（SLVS）株式概要シルバースター・プロパティーズ・リート投資法人（以下「シルバースター」）は、ハートマン・カンパニーズによって設立されたREITで、以前はハートマン・ショート・ターム・プロパティーズXX, Inc.として知られていた。 詳細SLVS ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性0/6配当金0/6リスク分析株式の流動性は非常に低い 最新の財務報告は1年以上前のものである 意味のある時価総額がありません ( $10M )すべてのリスクチェックを見るSLVS Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$0.1596.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-22m92m2016201920222025202620282031Revenue US$92.3mEarnings US$32.6mAdvancedSet Fair ValueView all narrativesSilver Star Properties REIT, Inc. 競合他社Global Self StorageSymbol: NasdaqCM:SELFMarket cap: US$60.0mPalmetto Real Estate TrustSymbol: OTCPK:PTTT.SMarket cap: US$12.8mCreative Media & Community TrustSymbol: NasdaqCM:CMCTMarket cap: US$12.8mInnSuites Hospitality TrustSymbol: NYSEAM:IHTMarket cap: US$17.7m価格と性能株価の高値、安値、推移の概要Silver Star Properties REIT過去の株価現在の株価US$0.1552週高値US$0.5052週安値US$0.10ベータ01ヶ月の変化0%3ヶ月変化n/a1年変化-61.54%3年間の変化n/a5年間の変化n/aIPOからの変化-74.36%最新ニュースお知らせ • Nov 18Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 11/17/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Oct 29Hartman Group Distributes Letter to ShareholdersOn October 27, 2025, the Hartman Group distributed a letter to shareholders addressing the ongoing issues with Silver Star, highlighting a pattern of deception and accountability concerns. The letter emphasized that Silver Star continues to delay the court-ordered annual meeting for a shareholder vote, misusing shareholder funds in the process. It detailed several critical points, including Silver Star's solicitation of proxy votes without providing audited financial statements for fiscal years 2023 and 2024, despite a Maryland court's ruling against such actions. The letter also pointed out the discriminatory "flip-in" stock distribution that unfairly benefited management while excluding approximately 20% of shareholders. Furthermore, it criticized Silver Star for improperly refusing requests for books and records, which hindered the Hartman Group's ability to contact shareholders during the proxy solicitation. Lastly, the letter revealed that Silver Star's claim of receiving 51% shareholder support for their consent solicitation was misleading, as the Hartman Group had delivered consent revocations from holders of approximately 30% of outstanding shares, indicating that substantially less than 51% supported Silver Star’s actions. The Hartman Group reiterated that the courts had made it clear that no further extensions would be granted for the annual meeting, underscoring the urgency of the situation.お知らせ • Oct 24Allen R. Hartman Sends Letter to Shareholders of Silver Star Properties REITOn October 21, 2025, Allen R. Hartman distributed a letter to the shareholders of Silver Star Properties REIT, Inc., stating that the Company has once again postponed the shareholder meeting this time, indefinitely. He added that this is the sixth time the company has postponed shareholders' right to vote. Six times, they have found excuses to avoid accountability to shareholders.お知らせ • Oct 23Hartman Sends a Letter to the Shareholders of Silver StarOn October 22, 2025, the Hartman Group distributed a letter to shareholders and initiated communication with shareholders of Silver Star, urging them to express their dissatisfaction with the management's financial practices. He highlighted that millions in legal fees are being spent to avoid accountability and delay the shareholder vote, while over $1 million annually is allocated for executive compensation in 2024 for management that has destroyed shareholder value. Furthermore, it was noted that 3 million shares were awarded to Gerald Haddock despite poor performance. According to a whistleblower, shareholder investments are not being directed towards paying vendors who maintain properties or for property improvements and maintenance. Instead, the management is allegedly extracting as much money as possible from the properties to cover legal fees and salaries. Hartman emphasized the need for the Board of Directors to hear directly from shareholders, stating that they are fed up with the destruction of their investment value and the continuous delays. He called for immediate action, including stopping the spending of shareholder money on litigation, paying vendors, holding the postponed shareholder meeting, and ceasing the sale of properties at fire sale prices. Hartman encouraged shareholders to vote the BLUE card to demonstrate their rejection of the current management's actions and to ensure their voices are heard despite the ongoing delays and obstruction.お知らせ • Oct 21Hartman Sends Letter to Shareholders of Silver Star PropertiesOn October 20, 2025, Allen R. Hartman announced that he has sent a letter to shareholders of Silver Star Properties REIT Inc stating that Company was attempted in court to void all its proxy votes and delay the meeting again, the court denied Silver Star’s requested relief, and recommended the Company shareholders to vote for the election of its board nominees rejection of the Company’s alternate strategy proposal, and in favor of liquidating the Company’s assets in an orderly manner in accordance with the terms of its articles of incorporation and returning capital to stockholders.お知らせ • Aug 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 08/14/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.最新情報をもっと見るRecent updatesお知らせ • Nov 18Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 11/17/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Oct 29Hartman Group Distributes Letter to ShareholdersOn October 27, 2025, the Hartman Group distributed a letter to shareholders addressing the ongoing issues with Silver Star, highlighting a pattern of deception and accountability concerns. The letter emphasized that Silver Star continues to delay the court-ordered annual meeting for a shareholder vote, misusing shareholder funds in the process. It detailed several critical points, including Silver Star's solicitation of proxy votes without providing audited financial statements for fiscal years 2023 and 2024, despite a Maryland court's ruling against such actions. The letter also pointed out the discriminatory "flip-in" stock distribution that unfairly benefited management while excluding approximately 20% of shareholders. Furthermore, it criticized Silver Star for improperly refusing requests for books and records, which hindered the Hartman Group's ability to contact shareholders during the proxy solicitation. Lastly, the letter revealed that Silver Star's claim of receiving 51% shareholder support for their consent solicitation was misleading, as the Hartman Group had delivered consent revocations from holders of approximately 30% of outstanding shares, indicating that substantially less than 51% supported Silver Star’s actions. The Hartman Group reiterated that the courts had made it clear that no further extensions would be granted for the annual meeting, underscoring the urgency of the situation.お知らせ • Oct 24Allen R. Hartman Sends Letter to Shareholders of Silver Star Properties REITOn October 21, 2025, Allen R. Hartman distributed a letter to the shareholders of Silver Star Properties REIT, Inc., stating that the Company has once again postponed the shareholder meeting this time, indefinitely. He added that this is the sixth time the company has postponed shareholders' right to vote. Six times, they have found excuses to avoid accountability to shareholders.お知らせ • Oct 23Hartman Sends a Letter to the Shareholders of Silver StarOn October 22, 2025, the Hartman Group distributed a letter to shareholders and initiated communication with shareholders of Silver Star, urging them to express their dissatisfaction with the management's financial practices. He highlighted that millions in legal fees are being spent to avoid accountability and delay the shareholder vote, while over $1 million annually is allocated for executive compensation in 2024 for management that has destroyed shareholder value. Furthermore, it was noted that 3 million shares were awarded to Gerald Haddock despite poor performance. According to a whistleblower, shareholder investments are not being directed towards paying vendors who maintain properties or for property improvements and maintenance. Instead, the management is allegedly extracting as much money as possible from the properties to cover legal fees and salaries. Hartman emphasized the need for the Board of Directors to hear directly from shareholders, stating that they are fed up with the destruction of their investment value and the continuous delays. He called for immediate action, including stopping the spending of shareholder money on litigation, paying vendors, holding the postponed shareholder meeting, and ceasing the sale of properties at fire sale prices. Hartman encouraged shareholders to vote the BLUE card to demonstrate their rejection of the current management's actions and to ensure their voices are heard despite the ongoing delays and obstruction.お知らせ • Oct 21Hartman Sends Letter to Shareholders of Silver Star PropertiesOn October 20, 2025, Allen R. Hartman announced that he has sent a letter to shareholders of Silver Star Properties REIT Inc stating that Company was attempted in court to void all its proxy votes and delay the meeting again, the court denied Silver Star’s requested relief, and recommended the Company shareholders to vote for the election of its board nominees rejection of the Company’s alternate strategy proposal, and in favor of liquidating the Company’s assets in an orderly manner in accordance with the terms of its articles of incorporation and returning capital to stockholders.お知らせ • Aug 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 08/14/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Aug 12+ 1 more updateAllen R. Hartman Files Proxy Statement for Silver Star Properties REITOn August 11, 2025, Allen R. Hartman filed a definitive proxy statement with the SEC to solicit votes for the election of his nominated directors and to reject Silver Star Properties REIT, Inc.'s alternate strategy proposal in favor of liquidating the Company's assets.お知らせ • Aug 01Allen R. Hartman Distributes a Letter to Shareholders of Silver Star Properties REITOn July 31, 2025, Allen R. Hartman filed a definitive proxy statement with the SEC to solicit votes for the election of his nominated directors and to reject Silver Star Properties REIT, Inc.’s alternate strategy proposal in favor of liquidating the Company’s assets and returning capital to shareholders.お知らせ • Jul 25Allen R. Hartman Distributes a Letter to Shareholders of Silver Star Properties REITOn July 24, 2025, Allen R. Hartman announced that Silver Star Properties REIT’s ‘New Direction Plan’ has failed, leading to significant asset value loss and lack of transparency. Allen R. Hartman also urges shareholders to vote for their proposals for transparency and capital return at the upcoming proxy vote.お知らせ • Jul 15Hartman Group Sends Letter to Shareholders of Silver Star Properties REITOn July 14, 2025, Allen R. Hartman sent a letter to shareholders of Silver Star Properties REIT Inc, stating that the Company’s net asset value dropped from $228 million in December 2022 to $20.6 million in March 2025, the decline is attributed to poor management and failed strategies by Haddock and his colleagues, and Haddock awarded himself 1,000,000 SSP shares at no cost and received outsized executive compensation, the executive committee awarded themselves profits interest, which they claim has no current value. In addition, Hartman stated that the New Direction Plan was poorly executed and led to significant value destruction, Haddock and his colleagues have selectively released limited operating information and engaged in stonewalling and revisionist history to hide their incompetence. Further, Hartman stated that the alternative proposal involves liquidating the company's assets and returning capital to shareholders, nominated directors, Longnecker, Thomas, and Hartman, have proven experience and aim to restore shareholder value, and urged the shareholders to vote against the Company board nominees at the annual meeting of shareholders.お知らせ • Jun 14Hartman Group Issues a Letter to Shareholders of Silver Star PropertiesOn June 13, 2025, Allen R. Hartman announced that he has issued a letter to shareholders of Silver Star Properties REIT Inc, stating that over $395 million in legacy assets sold since late 2022, but proceeds reinvested without shareholder permission, investments in Walgreens stores and mini-storage properties with high borrowing costs (19% interest) and low yields (3-4%), negative cash flow and failure to generate shareholder returns, new portfolio generates $5.8 million in annual NOI against $8.7 million in debt costs, increasing financial risk. In addition, Allen Hartman proposed a new strategy that sell Walgreens and mini-storage assets, focus on leasing up and maximizing value from legacy assets, start returning capital to shareholders immediately, and Allen Hartman stated that the reason for change is the Net Asset Value dropped from $412 million to $134 million since 2022, decline in sales prices due to operational deficiencies, oppose speculative financing and prioritize distributions over dilution. Further, Hartman requested the shareholders of the Company to support his nominated directors Longnecker, Thomas, and Hartman, and vote for the return of capital by contacting the Hartman Group.お知らせ • Jun 04Silver Star Properties REIT, Inc. Announces Removal of Al Hartman from Board of DirectorsSilver Star Properties REIT, Inc. announced results of the vote tally for its January 2024 consent solicitation which confirmed the removal of Al Hartman from the Company's Board of Directors.お知らせ • May 20Silver Star Properties REIT, Inc., Annual General Meeting, Jun 30, 2025Silver Star Properties REIT, Inc., Annual General Meeting, Jun 30, 2025.お知らせ • May 17Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 05/16/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • May 14An undisclosed buyer acquired Gulf Plaza Office Building from Silver Star Properties REIT, Inc. (OTCPK:SLVS) for $2.6 million.An undisclosed buyer acquired Gulf Plaza Office Building from Silver Star Properties REIT, Inc. (OTCPK:SLVS) for $2.6 million on May 13, 2025. A cash consideration of $2.62 million will be paid by the buyer. As part of consideration, $2.62 million is paid towards assets of Gulf Plaza Office Building. An undisclosed buyer completed the acquisition of Gulf Plaza Office Building from Silver Star Properties REIT, Inc. (OTCPK:SLVS) for $2.6 million on May 13, 2025.お知らせ • May 06Allen R. Hartman Sends Letter to Shareholders of Silver Star PropertiesOn May 1, 2025, Allen R. Hartman expressed concerns over Silver Star Properties REIT, Inc.'s management of assets and urged shareholders to demand that they resign from the board and stop selling assets until they are replaced at the shareholder meeting in about two and a half months.お知らせ • Apr 12Silver Star Properties REIT, Inc. Provides Update on Maryland LitigationSilver Star Properties REIT, Inc. announced an important update to ongoing litigation in Maryland. Maryland Litigation Update The Appellate Court of Maryland on April 9, 2025, issued a decisive victory for Silver Star and reversed the trial court's issuance of a preliminary injunction on the consent solicitation and amended bylaw issue. In late January 2024 at a hearing before the Circuit Court, the Judge issued his ruling from the bench, following Hartman's allegations that the amended bylaws were invalid and adopted in bad faith as Hartman sought to enjoin Silver Star from soliciting written consents from shareholders to elect new directors. The Circuit Court's decision prevented Silver Star from tallying the votes of the shareholders. As the Appellate Court's decision states, the Board was lawfully authorized to use the solicitation procedure as it did. The Appellate Court reversed the decision and remanded the case to the circuit court to dissolve the preliminary injunction. As next steps, Silver Star anticipates the Circuit Judge to issue, sua sponte, an order directing the independent inspector to complete the voting count. This is a huge victory for the Company. It once again shows Hartman's strenuous objections have not succeeded but caused unnecessary costs and delays.お知らせ • Apr 01Silver Star Properties REIT, Inc. announced delayed annual 10-K filingOn 03/31/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.お知らせ • Nov 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 11/14/2024, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Aug 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 08/14/2024, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • May 18Silver Star Properties REIT, Inc. Appoints Alex Board as Principal Accounting Officer and Deputy Chief Financial OfficerSilver Star Properties REIT, Inc. announced that Mr. Alex Board has been unanimously appointed and approved by the Executive Committee of Silver Star to be the Principal Accounting Officer and Deputy Chief Financial Officer of Silver Star. Mr. Board's direct report will be to Gerald Haddock as Chief Executive Officer and Executive Chairman of the Board of Directors of the Company. In addition, he will continue to have direct responsibility to the Company's audit committee. Mr. Board has served as a Controller of the Company since 2021. He will continue as Controller and will also be responsible for the preparation of the financials relating to a 100% subsidiary of the Company, Southern Star Self Storage Investment Company. In conjunction with the Company's deeper examination of the current operations of Southern Star, Mr. Board has been assigned oversight of the financials of Southern Star. Furthermore, in connection with streamlining the Company's reporting, Lou Fox has been directed to focus all of his time to the matters at hand with Silver Star. Previously, Southern Star has been operated autonomously and that will generally be continued, but supplemented with oversight by Silver Star, together with Mr. Board's new oversight and direct responsibility for the financial reporting as previously stated. With new management now in place, the initial focus for Southern Star turnaround efforts includes a focused reduction in tenant delinquencies to enhance revenue and create more leasable spaces. Management will implement a programmatic approach to engagement with community influencers and organizations, including homebuilders, civic clubs, chambers of commerce, political contacts, and others to increase customer acquisition opportunities and enhance market penetration, with an emphasis on a strong ongoing community touch at each location. Facilities will be cleaned and maintained at a high level and security measures will be enhanced where necessary. All locations will promote this change with a banner announcing, "Under New Management." Mr. Wheeler has implemented a strong messaging program to all operators and has replaced two employees at the top.お知らせ • May 16Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 05/14/2024, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.株主還元SLVSUS Specialized REITsUS 市場7D0%2.3%1.2%1Y-61.5%4.6%28.7%株主還元を見る業界別リターン: SLVS過去 1 年間で4.6 % の収益を上げたUS Specialized REITs業界を下回りました。リターン対市場: SLVSは、過去 1 年間で28.7 % のリターンを上げたUS市場を下回りました。価格変動Is SLVS's price volatile compared to industry and market?SLVS volatilitySLVS Average Weekly Movementn/aSpecialized REITs Industry Average Movement3.7%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.1%安定した株価: SLVSの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間のSLVSのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト2009n/aGerald Haddockwww.silverstarreit.comシルバースター・プロパティーズ投資法人（以下「シルバースター」）は、ハートマン・カンパ ニーズによって設立された投資法人で、以前はハートマン・ショートターム・プロパティーズ XX, Inc.として知られていた。シルバー・スターは短期収益物件のポートフォリオを管理している。シルバースターは2009年2月5日に設立されたメリーランド州の法人で、オフィス、小売、工業、倉庫物件を取得、開発、所有する。2010年12月31日に終了する課税年度から、連邦所得税法上の不動産投資信託（REIT）に該当する。当社は、オフィスビル、ショッピングセンター、その他の小売業および商業用不動産を含む商業用不動産に投資しており、その中には、比較的短期間（1～3年）の賃貸借契約を有する複数のテナントに積極的に賃貸されている場合もあれば、単一のテナントにネットリースされている場合もある。2017年7月21日、シルバースター（旧ハートマンXX）およびハートマン・ショートターム・インカム・プロパティーズXIX, Inc.（テキサス州法人、以下「ハートマンXIX」）とハートマン・インカム・リート・インク（メリーランド州法人、以下「HI-REIT」）は、合併契約および合併計画を締結した。合併は2020年10月28日付で完了した。もっと見るSilver Star Properties REIT, Inc. 基礎のまとめSilver Star Properties REIT の収益と売上を時価総額と比較するとどうか。SLVS 基礎統計学時価総額US$10.11m収益（TTM）US$67.66m売上高(TTM)US$92.28m0.0xPER（株価収益率0.0xP/SレシオSLVS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SLVS 損益計算書（TTM）収益US$92.28m売上原価US$47.23m売上総利益US$45.06mその他の費用-US$22.60m収益US$67.66m直近の収益報告Sep 30, 2023次回決算日該当なし一株当たり利益（EPS）0グロス・マージン0.00%純利益率0.00%有利子負債／自己資本比率0.0%SLVS の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/01/13 06:33終値2025/10/16 00:00収益2023/09/30年間収益2022/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Silver Star Properties REIT, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Nov 18Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 11/17/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Oct 29Hartman Group Distributes Letter to ShareholdersOn October 27, 2025, the Hartman Group distributed a letter to shareholders addressing the ongoing issues with Silver Star, highlighting a pattern of deception and accountability concerns. The letter emphasized that Silver Star continues to delay the court-ordered annual meeting for a shareholder vote, misusing shareholder funds in the process. It detailed several critical points, including Silver Star's solicitation of proxy votes without providing audited financial statements for fiscal years 2023 and 2024, despite a Maryland court's ruling against such actions. The letter also pointed out the discriminatory "flip-in" stock distribution that unfairly benefited management while excluding approximately 20% of shareholders. Furthermore, it criticized Silver Star for improperly refusing requests for books and records, which hindered the Hartman Group's ability to contact shareholders during the proxy solicitation. Lastly, the letter revealed that Silver Star's claim of receiving 51% shareholder support for their consent solicitation was misleading, as the Hartman Group had delivered consent revocations from holders of approximately 30% of outstanding shares, indicating that substantially less than 51% supported Silver Star’s actions. The Hartman Group reiterated that the courts had made it clear that no further extensions would be granted for the annual meeting, underscoring the urgency of the situation.
お知らせ • Oct 24Allen R. Hartman Sends Letter to Shareholders of Silver Star Properties REITOn October 21, 2025, Allen R. Hartman distributed a letter to the shareholders of Silver Star Properties REIT, Inc., stating that the Company has once again postponed the shareholder meeting this time, indefinitely. He added that this is the sixth time the company has postponed shareholders' right to vote. Six times, they have found excuses to avoid accountability to shareholders.
お知らせ • Oct 23Hartman Sends a Letter to the Shareholders of Silver StarOn October 22, 2025, the Hartman Group distributed a letter to shareholders and initiated communication with shareholders of Silver Star, urging them to express their dissatisfaction with the management's financial practices. He highlighted that millions in legal fees are being spent to avoid accountability and delay the shareholder vote, while over $1 million annually is allocated for executive compensation in 2024 for management that has destroyed shareholder value. Furthermore, it was noted that 3 million shares were awarded to Gerald Haddock despite poor performance. According to a whistleblower, shareholder investments are not being directed towards paying vendors who maintain properties or for property improvements and maintenance. Instead, the management is allegedly extracting as much money as possible from the properties to cover legal fees and salaries. Hartman emphasized the need for the Board of Directors to hear directly from shareholders, stating that they are fed up with the destruction of their investment value and the continuous delays. He called for immediate action, including stopping the spending of shareholder money on litigation, paying vendors, holding the postponed shareholder meeting, and ceasing the sale of properties at fire sale prices. Hartman encouraged shareholders to vote the BLUE card to demonstrate their rejection of the current management's actions and to ensure their voices are heard despite the ongoing delays and obstruction.
お知らせ • Oct 21Hartman Sends Letter to Shareholders of Silver Star PropertiesOn October 20, 2025, Allen R. Hartman announced that he has sent a letter to shareholders of Silver Star Properties REIT Inc stating that Company was attempted in court to void all its proxy votes and delay the meeting again, the court denied Silver Star’s requested relief, and recommended the Company shareholders to vote for the election of its board nominees rejection of the Company’s alternate strategy proposal, and in favor of liquidating the Company’s assets in an orderly manner in accordance with the terms of its articles of incorporation and returning capital to stockholders.
お知らせ • Aug 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 08/14/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Nov 18Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 11/17/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Oct 29Hartman Group Distributes Letter to ShareholdersOn October 27, 2025, the Hartman Group distributed a letter to shareholders addressing the ongoing issues with Silver Star, highlighting a pattern of deception and accountability concerns. The letter emphasized that Silver Star continues to delay the court-ordered annual meeting for a shareholder vote, misusing shareholder funds in the process. It detailed several critical points, including Silver Star's solicitation of proxy votes without providing audited financial statements for fiscal years 2023 and 2024, despite a Maryland court's ruling against such actions. The letter also pointed out the discriminatory "flip-in" stock distribution that unfairly benefited management while excluding approximately 20% of shareholders. Furthermore, it criticized Silver Star for improperly refusing requests for books and records, which hindered the Hartman Group's ability to contact shareholders during the proxy solicitation. Lastly, the letter revealed that Silver Star's claim of receiving 51% shareholder support for their consent solicitation was misleading, as the Hartman Group had delivered consent revocations from holders of approximately 30% of outstanding shares, indicating that substantially less than 51% supported Silver Star’s actions. The Hartman Group reiterated that the courts had made it clear that no further extensions would be granted for the annual meeting, underscoring the urgency of the situation.
お知らせ • Oct 24Allen R. Hartman Sends Letter to Shareholders of Silver Star Properties REITOn October 21, 2025, Allen R. Hartman distributed a letter to the shareholders of Silver Star Properties REIT, Inc., stating that the Company has once again postponed the shareholder meeting this time, indefinitely. He added that this is the sixth time the company has postponed shareholders' right to vote. Six times, they have found excuses to avoid accountability to shareholders.
お知らせ • Oct 23Hartman Sends a Letter to the Shareholders of Silver StarOn October 22, 2025, the Hartman Group distributed a letter to shareholders and initiated communication with shareholders of Silver Star, urging them to express their dissatisfaction with the management's financial practices. He highlighted that millions in legal fees are being spent to avoid accountability and delay the shareholder vote, while over $1 million annually is allocated for executive compensation in 2024 for management that has destroyed shareholder value. Furthermore, it was noted that 3 million shares were awarded to Gerald Haddock despite poor performance. According to a whistleblower, shareholder investments are not being directed towards paying vendors who maintain properties or for property improvements and maintenance. Instead, the management is allegedly extracting as much money as possible from the properties to cover legal fees and salaries. Hartman emphasized the need for the Board of Directors to hear directly from shareholders, stating that they are fed up with the destruction of their investment value and the continuous delays. He called for immediate action, including stopping the spending of shareholder money on litigation, paying vendors, holding the postponed shareholder meeting, and ceasing the sale of properties at fire sale prices. Hartman encouraged shareholders to vote the BLUE card to demonstrate their rejection of the current management's actions and to ensure their voices are heard despite the ongoing delays and obstruction.
お知らせ • Oct 21Hartman Sends Letter to Shareholders of Silver Star PropertiesOn October 20, 2025, Allen R. Hartman announced that he has sent a letter to shareholders of Silver Star Properties REIT Inc stating that Company was attempted in court to void all its proxy votes and delay the meeting again, the court denied Silver Star’s requested relief, and recommended the Company shareholders to vote for the election of its board nominees rejection of the Company’s alternate strategy proposal, and in favor of liquidating the Company’s assets in an orderly manner in accordance with the terms of its articles of incorporation and returning capital to stockholders.
お知らせ • Aug 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 08/14/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Aug 12+ 1 more updateAllen R. Hartman Files Proxy Statement for Silver Star Properties REITOn August 11, 2025, Allen R. Hartman filed a definitive proxy statement with the SEC to solicit votes for the election of his nominated directors and to reject Silver Star Properties REIT, Inc.'s alternate strategy proposal in favor of liquidating the Company's assets.
お知らせ • Aug 01Allen R. Hartman Distributes a Letter to Shareholders of Silver Star Properties REITOn July 31, 2025, Allen R. Hartman filed a definitive proxy statement with the SEC to solicit votes for the election of his nominated directors and to reject Silver Star Properties REIT, Inc.’s alternate strategy proposal in favor of liquidating the Company’s assets and returning capital to shareholders.
お知らせ • Jul 25Allen R. Hartman Distributes a Letter to Shareholders of Silver Star Properties REITOn July 24, 2025, Allen R. Hartman announced that Silver Star Properties REIT’s ‘New Direction Plan’ has failed, leading to significant asset value loss and lack of transparency. Allen R. Hartman also urges shareholders to vote for their proposals for transparency and capital return at the upcoming proxy vote.
お知らせ • Jul 15Hartman Group Sends Letter to Shareholders of Silver Star Properties REITOn July 14, 2025, Allen R. Hartman sent a letter to shareholders of Silver Star Properties REIT Inc, stating that the Company’s net asset value dropped from $228 million in December 2022 to $20.6 million in March 2025, the decline is attributed to poor management and failed strategies by Haddock and his colleagues, and Haddock awarded himself 1,000,000 SSP shares at no cost and received outsized executive compensation, the executive committee awarded themselves profits interest, which they claim has no current value. In addition, Hartman stated that the New Direction Plan was poorly executed and led to significant value destruction, Haddock and his colleagues have selectively released limited operating information and engaged in stonewalling and revisionist history to hide their incompetence. Further, Hartman stated that the alternative proposal involves liquidating the company's assets and returning capital to shareholders, nominated directors, Longnecker, Thomas, and Hartman, have proven experience and aim to restore shareholder value, and urged the shareholders to vote against the Company board nominees at the annual meeting of shareholders.
お知らせ • Jun 14Hartman Group Issues a Letter to Shareholders of Silver Star PropertiesOn June 13, 2025, Allen R. Hartman announced that he has issued a letter to shareholders of Silver Star Properties REIT Inc, stating that over $395 million in legacy assets sold since late 2022, but proceeds reinvested without shareholder permission, investments in Walgreens stores and mini-storage properties with high borrowing costs (19% interest) and low yields (3-4%), negative cash flow and failure to generate shareholder returns, new portfolio generates $5.8 million in annual NOI against $8.7 million in debt costs, increasing financial risk. In addition, Allen Hartman proposed a new strategy that sell Walgreens and mini-storage assets, focus on leasing up and maximizing value from legacy assets, start returning capital to shareholders immediately, and Allen Hartman stated that the reason for change is the Net Asset Value dropped from $412 million to $134 million since 2022, decline in sales prices due to operational deficiencies, oppose speculative financing and prioritize distributions over dilution. Further, Hartman requested the shareholders of the Company to support his nominated directors Longnecker, Thomas, and Hartman, and vote for the return of capital by contacting the Hartman Group.
お知らせ • Jun 04Silver Star Properties REIT, Inc. Announces Removal of Al Hartman from Board of DirectorsSilver Star Properties REIT, Inc. announced results of the vote tally for its January 2024 consent solicitation which confirmed the removal of Al Hartman from the Company's Board of Directors.
お知らせ • May 20Silver Star Properties REIT, Inc., Annual General Meeting, Jun 30, 2025Silver Star Properties REIT, Inc., Annual General Meeting, Jun 30, 2025.
お知らせ • May 17Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 05/16/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • May 14An undisclosed buyer acquired Gulf Plaza Office Building from Silver Star Properties REIT, Inc. (OTCPK:SLVS) for $2.6 million.An undisclosed buyer acquired Gulf Plaza Office Building from Silver Star Properties REIT, Inc. (OTCPK:SLVS) for $2.6 million on May 13, 2025. A cash consideration of $2.62 million will be paid by the buyer. As part of consideration, $2.62 million is paid towards assets of Gulf Plaza Office Building. An undisclosed buyer completed the acquisition of Gulf Plaza Office Building from Silver Star Properties REIT, Inc. (OTCPK:SLVS) for $2.6 million on May 13, 2025.
お知らせ • May 06Allen R. Hartman Sends Letter to Shareholders of Silver Star PropertiesOn May 1, 2025, Allen R. Hartman expressed concerns over Silver Star Properties REIT, Inc.'s management of assets and urged shareholders to demand that they resign from the board and stop selling assets until they are replaced at the shareholder meeting in about two and a half months.
お知らせ • Apr 12Silver Star Properties REIT, Inc. Provides Update on Maryland LitigationSilver Star Properties REIT, Inc. announced an important update to ongoing litigation in Maryland. Maryland Litigation Update The Appellate Court of Maryland on April 9, 2025, issued a decisive victory for Silver Star and reversed the trial court's issuance of a preliminary injunction on the consent solicitation and amended bylaw issue. In late January 2024 at a hearing before the Circuit Court, the Judge issued his ruling from the bench, following Hartman's allegations that the amended bylaws were invalid and adopted in bad faith as Hartman sought to enjoin Silver Star from soliciting written consents from shareholders to elect new directors. The Circuit Court's decision prevented Silver Star from tallying the votes of the shareholders. As the Appellate Court's decision states, the Board was lawfully authorized to use the solicitation procedure as it did. The Appellate Court reversed the decision and remanded the case to the circuit court to dissolve the preliminary injunction. As next steps, Silver Star anticipates the Circuit Judge to issue, sua sponte, an order directing the independent inspector to complete the voting count. This is a huge victory for the Company. It once again shows Hartman's strenuous objections have not succeeded but caused unnecessary costs and delays.
お知らせ • Apr 01Silver Star Properties REIT, Inc. announced delayed annual 10-K filingOn 03/31/2025, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
お知らせ • Nov 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 11/14/2024, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Aug 15Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 08/14/2024, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • May 18Silver Star Properties REIT, Inc. Appoints Alex Board as Principal Accounting Officer and Deputy Chief Financial OfficerSilver Star Properties REIT, Inc. announced that Mr. Alex Board has been unanimously appointed and approved by the Executive Committee of Silver Star to be the Principal Accounting Officer and Deputy Chief Financial Officer of Silver Star. Mr. Board's direct report will be to Gerald Haddock as Chief Executive Officer and Executive Chairman of the Board of Directors of the Company. In addition, he will continue to have direct responsibility to the Company's audit committee. Mr. Board has served as a Controller of the Company since 2021. He will continue as Controller and will also be responsible for the preparation of the financials relating to a 100% subsidiary of the Company, Southern Star Self Storage Investment Company. In conjunction with the Company's deeper examination of the current operations of Southern Star, Mr. Board has been assigned oversight of the financials of Southern Star. Furthermore, in connection with streamlining the Company's reporting, Lou Fox has been directed to focus all of his time to the matters at hand with Silver Star. Previously, Southern Star has been operated autonomously and that will generally be continued, but supplemented with oversight by Silver Star, together with Mr. Board's new oversight and direct responsibility for the financial reporting as previously stated. With new management now in place, the initial focus for Southern Star turnaround efforts includes a focused reduction in tenant delinquencies to enhance revenue and create more leasable spaces. Management will implement a programmatic approach to engagement with community influencers and organizations, including homebuilders, civic clubs, chambers of commerce, political contacts, and others to increase customer acquisition opportunities and enhance market penetration, with an emphasis on a strong ongoing community touch at each location. Facilities will be cleaned and maintained at a high level and security measures will be enhanced where necessary. All locations will promote this change with a banner announcing, "Under New Management." Mr. Wheeler has implemented a strong messaging program to all operators and has replaced two employees at the top.
お知らせ • May 16Silver Star Properties REIT, Inc. announced delayed 10-Q filingOn 05/14/2024, Silver Star Properties REIT, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
