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Written by 3:37 pm Blog, Current Investigations

Hartman XX Changes Name to Silver Star Properties REIT  

Hartman XX Changes name to Silver Star Properties REIT , featured by top securities fraud attorneys, the White Law Group

Silver Star Properties Inc. | Recovery of Investment Losses 

According to the DI Wire today, Hartman Short term Properties XX, a non-traded REIT, has changed its name to Silver Star Properties REIT Inc. in an attempt at “maximizing shareholder value.” 

The company reportedly has plans to add self-storage unit facilities to its asset classes, which currently consists of 29 office properties,12 multi-tenant retail, 3 industrial/flex properties and 2 plots of land held for sale. Silver Star Properties reportedly notes that adding new asset classes will create a more inflation resistant portfolio. According to the CEO, these changes are still subject to shareholder approval. 

As we reported in July, Hartman (Silver Star Properties REIT) suspended distributions to common stockholders to “focus on strengthening its balance sheet and preserving cash.” The company reported at the time it would like to swap out certain floating rate debts for fixed rate debts. 

According to a Form 10-Q for the period ending March 31, 2022, the company expressed doubt in its ability to continue as a “going concern” due to “Uncertainty as to the debt yield calculation as of June 30, 2022, and the Company’s ability to exercise the next remaining (loan extension option)…solely on the basis of the uncertainty regarding the loan maturity extension.”     

Potential FINRA Lawsuits to Recover Investment Losses 

The White Law Group is investigating potential securities fraud claims on behalf of investors involving broker-dealers recommendation that investors purchase high risk non-traded REIT investments, including Silver Star Properties Inc. 

FINRA continues to monitor the sale of REITs, in particular, the ways in which broker/dealers marketed and sold the products to investors. In many cases, and notwithstanding the risk of REIT investments, broker-dealers marketed these investments as safe and secure.  

REITs typically pay a high commission – often as much as 15% which often explains the stockbroker’s motivation in recommending the REIT investment to the investor. They are also illiquid, meaning they aren’t listed on any exchange and when you are ready to sell, there may not be a buyer. If there is a buyer, you may end up selling your shares at a loss. To learn more see: 

Did your Financial Advisor Recommend Investing in Non-Traded REITs? 

Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. 

Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration. 

If you have suffered losses investing in Hartman Short Term Properties XX (now known as Silver Star Properties REIT Inc.) please call the securities attorneys at the White Law Group at 888-637-5510.  

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.  

For more information on The White Law Group, please visit our website at 

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