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SILVER STAR PROPERTIES REIT, INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 20, 2023. Its latest SEC filing is a REVOKED from Oct 15, 2026.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Owns and leases commercial real estate to tenants, and is repositioning its portfolio toward self-storage.

How Did They Make Money?

Tenants pay rent over the lease term, starting when they take possession, plus reimbursements for property taxes, insurance and operating costs. Silver Star also earns management and advisory fees: management fees are paid monthly, while leasing, acquisition and construction fees are paid when the related service, transaction or project is completed.

revenue

Who Were Their Customers?

Tenants rent the company's space under leases. Owners and investors in office and retail properties hire Silver Star through management and other service agreements.

Did Revenues Turn Into Profits?

No. It lost $38M in .

Net income,
−39% of revenue
▲ +194% (Loss) vs (−$12.9M, −14%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Sep 30, 2023
Revenue
▼ −27%
vs $23.5M in Q3 FY2022
Net income
▲ Now profitable
vs −$5.8M in Q3 FY2022
  • Jun 8, 2026 Silver Star files a Chapter 11 bankruptcy petition

Grew. Revenue grew 72% in 4 years, from $57M in to $98.1M in , about 15% a year.

Portfolio focus Earlier, the company described a value-add strategy centered on Texas commercial properties. The newer report says it is moving away from office, retail and light industrial assets and repositioning its portfolio toward self-storage.

Management structure The older report says an outside advisor managed day-to-day operations. The newer report describes the REIT as self-advised and self-managed.

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