Did You Purchase Securities in Silver Star Properties REIT, Inc.?
On May 28, 2026, Silver Star Properties REIT, Inc. (“Silver Star”) — formerly known as Hartman Short Term Income Properties XX, Inc. — filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Texas. See, https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/sspr20260605c_8k.htm
If you invested in this non-traded REIT, you may have significant concerns about the security of your investment and your options for recovery.
Our firm is offering a free, no-obligation initial consultation to investors who purchased Silver Star Properties REIT securities, whether directly under that name or under its prior name, Hartman Short Term Income Properties XX.
What Happened
In a shareholder update dated June 5, 2026, Silver Star disclosed that the company’s financial position reflects approximately $100 million in assets against approximately $75 million in liabilities. The company stated that it had initiated a liquidation strategy in 2023 aimed at exiting legacy office assets, resolving debt, and repositioning remaining assets into a new holding entity, but that lender constraints, litigation, and capital structure challenges made it necessary to proceed under court supervision.
Critically, the company directly warned shareholders that under Chapter 11, creditors are paid before equity holders — and that given its balance sheet, there is a significant risk that existing shareholder equity may be impaired or cancelled entirely. See, https://www.sec.gov/Archives/edgar/data/1446687/000143774926019764/ex_973179.htm
For investors who purchased shares in this non-traded REIT — often through a broker-dealer or financial advisor, at a price of $10 per share — this disclosure raises serious questions about whether those investments were suitable, adequately disclosed, and appropriately recommended in the first place.
Why This Matters for Investors
Non-traded REITs like Silver Star are illiquid, complex products that are frequently sold to retail investors through independent broker-dealers. Under FINRA rules, brokerage firms and financial advisors have an obligation to:
• Conduct reasonable due diligence on the issuer and the offering before recommending it
• Ensure the investment is suitable for the individual investor’s financial situation, objectives, and risk tolerance
• Provide full and fair disclosure of the risks involved, including illiquidity and the potential for loss of principal
If your broker or advisor recommended Silver Star Properties REIT (or Hartman Short Term Income Properties XX) without adequately explaining these risks, or without regard to whether the investment was appropriate for you, you may have a claim against the brokerage firm — separate and apart from any recovery available through the bankruptcy proceeding itself.
Your Options May Include
• Filing a proof of claim in the Silver Star Chapter 11 bankruptcy proceeding
• Pursuing a FINRA arbitration claim against the broker-dealer or financial advisor who sold you the investment
• Evaluating other potential claims depending on how the investment was marketed and sold to you
The right path forward depends on your individual circumstances, including when you invested, how the investment was presented to you, and who sold it to you.
Contact Us for a Free Consultation
If you purchased securities in Silver Star Properties REIT or Hartman Short Term Income Properties XX and are concerned about the impact of the company’s Chapter 11 bankruptcy filing on your investment, we invite you to contact our office for a free, confidential, no-obligation consultation to discuss your options.