Close
Updated:

Non-Traded REIT Loss Attorney

Shepherd Smith Edwards and Kantas Is Investigating Investment Losses Involving Silver Star Properties REIT

Our Non-Traded REIT Loss Attorney Team Pursue Damages For Investors From US Brokerage Firms

If you are an investor in Silver Star Properties REIT and you are seeking to explore your legal options, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. This publicly listed, non-traded real estate investment trust (non-traded REIT), formerly known as Hartman Short Term Income Properties XX, Inc., is under scrutiny in the wake of quarterly reports to the US Securities and Exchange Commission (SEC), suspension of investor distributions earlier this year, and its own investigation of founder Allen Hartman. The non-traded REIT’s board removed him following alleged fiduciary violations. In May 2023, new CEO Mark Torok resigned after just several months on the job.

It was just in 2020 that the merger of Hartman Short Term Income Properties XX and Hartman vREIT XXI was announced. In a report to the SEC, Silver Star Properties REIT disclosed a $259M loan that was supposed to mature in October 2020. Under the agreement, three one-year extensions were allowed. They have all since been exercised. There are also concerns about whether the non-traded REIT obtained enough financing to satisfy other loan obligations, including three loans totaling over $57M that matured this past March. Silver Star Properties REIT also reportedly now has fewer cash resources available to satisfy operational expenses, as well as limited access to revenues from tenants.

Silver Star Properties REIT owns more than 40 commercial properties in Texas and offers resources to help with commercial leasing. Investing in this non-traded REIT comes with certain risks that may make it unsuitable for inexperienced investors and those with conservative portfolios. REITs also tend to charge high commissions and other fees to investors.

Now, however, there is growing concern of Silver Star Properties REIT investors suffering significant investment losses because their broker allegedly unsuitably recommended this non-traded REIT to them, misrepresented the risks, overconcentrated their account, or engaged in some other type of broker misconduct or negligence.

Why Should You Speak With Our Non-Traded REIT Fraud Law Firm?

Shepherd Smith Edwards and Kantas are well-versed in the different kinds of real estate investment trusts out there and the reasons that they can lead to serious investment losses. For over 30 years, we have been suing brokerage firms and investment advisers on behalf of retail investors, retirees, senior investors, high-net-worth investors, accredited investors, and institutional investors.

Silver Star Properties REIT are risky investment. Like most non-traded REITs they are generally illiquid, not well-regulated, and may be impacted by market conditions. Redemption can have strict limits.

When you work with our knowledgeable non-traded REIT lawyers, you are availing of over a century’s worth of combined experience working in both securities law and the securities industry. We have the skills, resources, and experience to go after even the largest broker-dealers in pursuing damages on your behalf.

Not only that but also you will have our entire securities law firm working with you while protecting your legal rights. Over the years, we have helped thousands of investors collectively recover many millions of dollars for their investment losses caused by stockbroker negligence or fraud.

How To Contact the SSEK Non-Traded REIT Loss Attorney Team:

To schedule your free, no-obligation case assessment with our Non-Traded REIT Loss Attorney team, call (800) 259-9010 today.

Contact Us
Live Chat