Silver Star Properties Provides Update Regarding Southern Star
HOUSTON, April 30, 2024 /PRNewswire/ -- Silver Star Properties REIT, Inc. ("Silver Star" or the "Company"), a self-managed real estate investment trust currently repositioning into the self-storage asset class, announced today that it is providing an update regarding Southern Star Self Storage Investment Company ("Southern Star"), an investment made by Silver Star.
- HOUSTON, April 30, 2024 /PRNewswire/ -- Silver Star Properties REIT, Inc. ("Silver Star" or the "Company"), a self-managed real estate investment trust currently repositioning into the self-storage asset class, announced today that it is providing an update regarding Southern Star Self Storage Investment Company ("Southern Star"), an investment made by Silver Star.
- Effective April 15, 2024, monthly distributions to Southern Star sponsored DSTs have been suspended pending the Company's further examination of the current operations of Southern Star and its sponsored DSTs.
- On April 15, 2024, the Company announced that it is continuing an examination of the current operations of Southern Star.
- Mr. Haddock stated, "As soon as the Company develops information regarding the future direction and strategy for Southern Star, we will update investors as appropriate.