Texas Non-Traded REIT Lawyers

I’m A Silver Star Properties REIT Investor. How Can I Recover My Losses?

Our Skilled Texas Non-Traded REIT Lawyers May Be Able To Help You

If you are a Silver Star Properties REIT investor, please contact Shepherd Smith Edwards and Kantas(investorlawyers.com) today to request your free, no-obligation case consultation. This Texas non-traded real estate investment trust (non-traded REIT) left many reeling after filing for Chapter 11 bankruptcy in September as it continues its efforts to sell off a portfolio that included $400M worth of commercial properties.

The move comes just months after Silver Star Properties, formerly known as Hartman Short Term Income Properties XX, was notified that it had become the subject of an investigation by the US Securities and Exchange Commission (SEC). The probe is potentially over its acquisitions and the alleged actions of some of its former officers.

Silver Star has been worried about its ability to stay in operation, especially after failing to meet extensions on a $259M loan. Not only that, but also this publicly listed non-traded REIT suspended investor distributions, its founder Allen Hartman was removed from the board following alleged breaches of fiduciary duty, and new CEO Mark Torok stepped down in May 2023.

What Can You Do If You Are A Silver Star Properties REIT Investor?

While the bankruptcy proceedings could take a while to play out, and who knows, how much—if anything—investors will get back, you can explore your legal options by speaking with one of our knowledgeable non-traded REIT lawyers. If we find that your broker allegedly unsuitably recommended this alternative investment to you, made misrepresentations and omissions about the risks, overconcentrated your brokerage account, or engaged in any type of negligence or misconduct related to their marketing and sale of Silver Star Properties REIT, then you may be able to pursue damages for your losses by filing a Financial Industry Regulatory Authority (FINRA) lawsuit against them.

Financial Industry Regulatory Authority (FINRA) arbitration is typically where this type of non-traded investment loss recovery claim is brought. This is not something that you want to do without knowledgeable non-traded REIT loss attorneys by your side. Shepherd Smith Edwards and Kantas have been representing REIT investors for over 30 years. We have collectively secured many millions of dollars for thousands in arbitration, mediation, and court.

 

Non-traded real estate investment trusts can be high-risk and illiquid. This makes them unsuitable investment recommendations for most retail investors and conservative retirees.  Normally involving residential and commercial real estate, they can also be easily affected by the economy. Yet they remain a favorite among brokers who earn high commissions and fees from these transactions.

Our trusted Texas Non-Traded REIT Lawyers provide quality securities law representation to investors from all walks of life.  The majority of our clients have received full or partial financial recovery with our help.

How To Contact Our Texas Non-Traded REIT Lawyers: 

Throughout the US call (800) 259-9010. You can also reach our Texas Non-Traded REIT Lawyers at  (936) 251-0033 and (214) 613-5306. Your first consultation with us is a free, no-obligation case assessment.