Silver Star Properties REIT Shareholder Letter Filed

TL;DR

Barry Adams sent a letter to Silver Star Properties REIT shareholders, filing additional proxy materials.

AI Summary

Silver Star Properties REIT, Inc. filed a DEFA14A on October 16, 2025. This filing includes a letter from shareholder Barry Adams, indicating a potential proxy solicitation or additional materials being provided to shareholders. The company, previously known as Hartman Short Term Income Properties XX, Inc., is incorporated in Maryland and headquartered in Houston, Texas.

Why It Matters

This filing indicates shareholder engagement and potentially a proxy contest or important communication regarding company matters, which could influence investment decisions.

Risk Assessment

Risk Level: medium — Shareholder letters in proxy filings can signal dissatisfaction or a challenge to current management, potentially leading to uncertainty and volatility.

Key Players & Entities

• Silver Star Properties REIT, Inc. (company) — Registrant
• Barry Adams (person) — Shareholder and author of letter
• Hartman Short Term Income Properties XX, Inc. (company) — Former company name

FAQ

Filing Documents

• defa14a-october162025xasin.htm (DEFA14A) — 41KB
• exhibit991-october162025xa.htm (EX-99.1) — 23KB
• image.jpg (GRAPHIC) — 39KB
• image1.jpg (GRAPHIC) — 519KB
• image2.jpg (GRAPHIC) — 1133KB
• image_0a.jpg (GRAPHIC) — 50KB
• 0001446687-25-000179.txt ( ) — 2463KB

From the Filing

- OCTOBER 16, 2025 - LETTER FROM A SHAREHOLDER - MR. BARRY ADAMS Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under Rule 14a-12 Silver Star Properties REIT, Inc. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box) No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies (2) Aggregate number of securities to which transaction applies (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) (4) Proposed maximum aggregate value of transaction (5) Total fee paid Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid (2) Form, Schedule or Registration Statement No. (3) Filing Party (4) Date Filed 1 On October 16, 2025, Silver Star Properties REIT, Inc. ("Silver Star" or the "Company") issued a News Release entitled "A Sincere Letter from Shareholder - Mr. Barry H. Adams." The News Release shares a letter received from long-time investor Barry Adams and thanks him for his thoughtful observations and continued support. In his letter, Mr. Adams raises questions regarding former CEO and Director Allen Hartman's conduct and highlights concerns over evasive responses and the lack of transparency experienced by him personally as a shareholder, concerns and points which align with the Company's own findings, public filings and court filings. The News Release reiterates Silver Star's commitment to integrity, accountability, and transparency under its current leadership and urges all shareholders to reject the BLUE card and Vote the WHITE proxy card in support of management's efforts to protect shareholder value, recover losses from prior misconduct, and continue building a stronger, more accountable Company. Please refer to the full News Release, Mr. Adams' Letter, presented below and attached hereto as Exhibit 99.1 for further details. Exhibit Index Exhibit Number Exhibit Description 99.1 October 16, 2025 - A Sincere Letter From Shareholder - Mr. Barry Adams 2 October 16, 2025 A Sincere Letter from a Fellow Shareholder – Mr. Barry Adams Dear Fellow Shareholders, The Company is sharing a letter from a long-time investor Mr. Barry H. Adams received yesterday, October 15, 2025. Silver Star Properties REIT, Inc (the "Silver Star") Chairman and CEO Gerald W. Haddock, and the Board, would like to sincerely thank Mr. Adams for his thoughtful and candid letter. His reflections as a long-term investor — including his questions to former CEO and former Director Allen Hartman and Mr. Adams concerns over evasive and incomplete responses by Allen Hartman - mirror many of the same issues that Silver Star has raised in its own filings and court proceedings. Mr. Adams' independent observations reinforce the Company's position that shareholders deserve direct, honest answers and full transparency regarding past management actions. Mr. Adams' letter also notes several points that align with the Company's findings, including unexplained uses of Company funds, evasive answers during investor discussions, and frustration with the lack of accountability demonstrated by prior leadership. These are the very matters that current management and the Board have worked diligently to uncover and correct through improved governance, audited financial oversight, and legal action to protect shareholder value. Silver Star encourages all shareholders to review Mr. Adams' letter carefully and to ask Mr. Hartman the same direct questions Mr. Adams posed. Every shareholder deserves clear, truthful answers — not deflection. The Company remains deeply grateful to Mr. Adams and to all investors who have shown patience and support as Silver Star works to restore transparency, rebuild trust, and deliver long-term value. Silver Star believes Mr. Adams' words reflect the growing recognition among shareholders that accountability and integrity are essential to protecting their investments. In the spirit of Mr. Adams' example, the Company urges all sharehol

View Full Filing

View this DEFA14A filing on SEC EDGAR