Our Non-Traded REIT Recovery Attorneys Are Here To Help You Explore Your Legal Options

Silver Star Properties (formerly Hartman Short Term Income Properties XX) has filed for Chapter 11 bankruptcy for the second time in four years, leaving retail investors facing a near-total loss of principal due to extensive defaults, asset sales, and executive infighting. To recoup their losses, affected investors are being urged to pursue legal action against the brokerage firms and financial advisors who may have negligently or unsuitably marketed the high-risk, non-traded REIT.

For the second time in four years, Silver Star Properties (formerly known as Hartman Short Term Income Properties XX, Inc. filed for Chapter 11 Bankruptcy protection. With $100M in assets, $75M in liabilities, multiple loans in default for more than $65M, and other financial woes, Silver Star REIT investors may be looking at serious losses.

Shepherd Smith Edwards and Kantas (investorlawyers.com) represents Silver Star REIT investors against the brokers that sold them this non-traded REIT.

What is Silver Star REIT?

• Formerly known as Hartman Short Term Income Properties XX, Inc. and founded by Allen R. Hartman, this real estate investment trust initially invested in different kinds of office properties, including commercial, industrial, and retail spaces. It recently transitioned to the self-storage space.
• Shares of Silver Star REIT were sold to retail investors for $10/shares.
• Brokerage firms marketed and sold this non-traded REIT to customers.
• Financial woes and executive infighting have been problems in recent years.
• NAV declines, previous defaults, distribution suspensions, and other problems contributed to Silver Star REIT’s problems, along with the bankruptcy filings and allegations of financial mismanagement involving Hartman.
• A $253M Goldman Sachs CMBS loan default and the sale of almost $400M in income-generating assets with nothing purportedly coming back to investors have also proved problematic.

How Does Silver Star Properties’ Bankruptcy Filing Impact Investors?

Silver Star REIT II investors are looking at a near-total loss of principal. The bankruptcy filing notes that there will be no money left for unsecured investors after administrative costs are paid off.

How Can Silver Star REIT Investors Recoup Their Losses?

Bankruptcy proceedings seldom lead to much financial recovery for investors. What you can do is explore your legal options to determine if anything your broker did could make them liable for your losses.

• Did your financial advisor unsuitably recommend Silver Star Properties REIT to you?
• Was your account overconcentrated with this investment?
• Were you properly apprised of the risks and the ongoing problems impacting this non-traded REIT?
• Was broker negligence, fraud, or misconduct involved?

Shepherd Smith Edwards and Kantas can assess whether your Silver Star REIT losses warrant grounds for pursuing damages from your financial advisor. We have been investigating the brokerage firms that sold this non-traded REIT and filing investment loss recovery claims against them for years now.

Find Out Whether You Should File Silver Star REIT Case Against Your Broker

This is not the kind of investor lawsuit you want to make without a trusted securities law firm on your side. Call (800) 259-9010 or contact us online to request your free case assessment.