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Texas REIT Affiliate Seeks Bankruptcy Protection As It Sells Real Estate Portfolio

Silver Star Properties' Subsidiary Hartman SPE Plans To Sell Part of $400 Million Portfolio
To sell this Plano, Texas, shopping center, an affiliate of Silver Star Properties REIT reduced the price and placed $2.7 million in escrow. A minority member of the ownership group has placed a lis pendens notice on the property, which notifies the buyer the property is subject to pending litigation. (CoStar)
To sell this Plano, Texas, shopping center, an affiliate of Silver Star Properties REIT reduced the price and placed $2.7 million in escrow. A minority member of the ownership group has placed a lis pendens notice on the property, which notifies the buyer the property is subject to pending litigation. (CoStar)
CoStar News
September 19, 2023 | 6:15 P.M.

A subsidiary of a Texas real estate investment trust has filed for Chapter 11 bankruptcy protection, telling the court it has $217 million in secured debt with plans to sell part of its real estate portfolio valued at about $400 million, spanning 35 properties comprising offices, retail and industrial space.

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