Silver Star Properties REIT, Inc.

What Silver Star Properties REIT, Inc. does

Silver Star Properties REIT, Inc. is a Texas-focused commercial real estate investment trust that owns, manages, and leases a portfolio of approximately 60 office, retail, industrial, and flex properties across the state's three largest metros: Houston (37+ properties, including the corporate headquarters at 601 Sawyer Street), Dallas-Fort Worth, and San Antonio. Founded in 1983 as Hartman Short Term Income Properties XX, Inc. and rebranded in December 2022, the company operates a vertically integrated model in which its own leasing agents run a five-step process from virtual tour through move-in coordination. The portfolio is valued at approximately $809 million (per its REMLogics engagement) to 'close to $1 billion' (per company statements), and spans a tenant mix from small businesses and startups served by the BIZSUITES executive office suites sub-brand (suites of 100–900 sq ft, leases as short as 6 months, pricing from $300 to $2,025/month) up to enterprise occupiers such as Oracle America, Home Depot, OfficeMax, and Liberty Tire Recycling on full-floor or full-building triple-net arrangements with typical terms of 3–5 years.

The company's technology stack is operational rather than data-centric: it deploys Needlepoint Bi-Polar Ionization (NBPI) across its buildings as the centerpiece of a 'Clean Air Initiative' (recognized with the 'Best Technology Pivot' award in 2021), supports tenants with an online Office Space Calculator and Pre-Leasing Checklist, manages properties via the REMLogics cloud-native ERP, and has invested in award-winning SEO, video, and digital marketing channels. Service quality is a stated differentiator — a 71.2 Net Promoter Score ranks the firm in the 'World Class' band — and the company reports it acquires only about 1% of properties it reviews, supporting a 'Class A amenities at Class B prices' positioning.

The business model is recurring rental income from long-term triple-net leases supplemented by the higher-turnover, higher-margin BIZSUITES product. In April 2023 the Board approved a strategic repositioning to pivot the portfolio into the self-storage asset class via the acquisition of Southern Star Self-Storage Investment Company. The transition, combined with legacy office pressure, culminated in a Chapter 11 bankruptcy filing in June 2026, with management framing the filing as a mechanism to complete the sale of legacy office assets and finish the transformation to self-storage. Leadership was restructured in 2023 under CEO Gerald W. Haddock (formerly CEO of Crescent Real Estate Equities, which he grew to over $8 billion in market capitalization), with COO David Wheeler (formerly CBRE Vice President, 16-year tenure) and CFO Louis T. Fox III (prior CFO at Goodman Manufacturing and other portfolio companies) heading operations and finance.

Name

Silver Star Properties REIT, Inc.

Legal name

Silver Star Properties REIT, Inc.

Website

https://hi-reit.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

Texas-focused commercial REIT that owns, manages, and leases approximately 60 office, retail, industrial, and flex properties across Houston, Dallas, and San Antonio, serving SMBs through enterprise tenants via vertically integrated leasing and the BIZSUITES executive suites sub-brand.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

NAICS

Rental and Leasing Services (532), Other Activities Related to Real Estate (531390)

SIC

Real Estate Investment Trusts (6798), Investors, Nec (6799), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industries

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Specialty Storage (Wine, Art, Document Vaults) (HSAKAGAF)

Keywords

• Commercial real estate leasing
• Commercial property management
• Office space rental
• Retail space leasing
• Warehouse industrial leasing

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Property Leasing: The company generates revenue by leasing office, retail, industrial, and flex space to tenants. They operate under triple net leases where tenants pay base rent plus operating expenses including electricity, water, and janitorial service. Properties range from 1,000 to 50,000+ square feet with flexible lease terms typically 3-5 years but offering options as short as 1 year.
2. Executive Office Suites (BIZSUITES): BIZSUITES provides fully furnished executive office suites for small businesses with flexible terms starting at 6 months. Revenue is generated through monthly rental payments ranging from $300/month for basic suites to $2,025/month for premium locations. Suites range from 100-900 square feet.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Silver Star Properties REIT, Inc. owns, manages, and leases a 60+ property commercial real estate portfolio across Houston, Dallas, and San Antonio, offering office, retail, industrial, and flex space under triple-net leases ranging from 1,000 to 50,000+ square feet with terms from one to five-plus years. It also operates the BIZSUITES sub-brand, providing fully furnished executive office suites from 100 to 900 square feet with leases as short as six months for small businesses and startups.

Product overview

Silver Star Properties REIT, Inc. is a commercially-focused real estate investment trust operating primarily in Texas markets (Houston, Dallas, San Antonio) that offers a diversified portfolio of commercial property types for lease. The company's core offerings include commercial office space, retail space, industrial/warehouse space, and flex space leasing, managed through a vertically integrated model that owns, manages, and leases properties in-house. The product portfolio is anchored by traditional commercial leasing across 60+ properties, supplemented by BIZSUITES, an executive office suites sub-brand providing fully furnished single offices for small businesses with flexible short-term lease terms. Additional digital tools include an Office Space Calculator and Pre-Leasing Checklist that support tenant decision-making. The company has announced a strategic pivot toward self-storage asset class, having acquired Southern Star Self-Storage Investment Company in 2023.

Differentiator

Problem solved

Functional benefit

Brands

• BIZSUITES: Executive office suites concept for small businesses offering flexible and affordable single-office model. Provides fully furnished private offices with amenities including conference rooms, free WiFi, coffee, and networking opportunities. Available in Houston, Dallas, and San Antonio locations.

Products and services

• BIZSUITES Executive Office Suites Fully furnished private executive office suites ranging from 100 to 900 square feet with flexible lease terms as short as six months, including access to conference rooms, coworking space options, free WiFi, coffee, and on-site management. Pricing starts at $300/month and is targeted at small businesses, solopreneurs, and startups outgrowing coworking spaces.
• Commercial Office Space Leasing Commercial office space leasing across Houston, Dallas, and San Antonio with offerings from 1,000 to 50,000+ square feet and triple-net lease structures typically spanning 3–5 years (with 1-year options available). Serves small businesses through large enterprises needing move-in ready, existing, or shell space with Class A amenities at Class B pricing.
• Retail Space Leasing Retail space leasing for B2C businesses including restaurants, grocery stores, big-box retailers, and small retail shops located in high-traffic areas near established shopping centers such as Garden Oaks Shopping Center, Cooper Street Plaza, and Fondren Road Plaza.
• Industrial and Warehouse Space Leasing Industrial and warehouse space leasing providing logistical operations space for warehouse storage, manufacturing centers, showrooms, and distribution centers, with examples including a 132,396 sq ft Liberty Tire Recycling warehouse at Quitman Road, Houston.
• Flex Space Leasing Flex space leasing combining warehouse, office, and/or retail components in a single versatile property to accommodate varying business needs across the Texas portfolio.

Quantifiable outcome

• Net Promoter Score of 71.2 - World Class ranking
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• REMLogicscoreTechnology or Integration · 15 June 2022REMLogics, LLC was selected by Silver Star Properties to manage their $809 million portfolio of 59 commercial real estate properties. REMLogics provides cloud-native real estate management ERP (Enterprise Resource Planning) software for property management, tenant tracking, and financial reporting.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Boxer Property Management: A Houston-based private commercial real estate firm owning and managing office and flex properties across the Sunbelt, including Texas. Closely comparable as a direct geographic competitor pursuing the same Texas-region office/flex leasing opportunity.
• Stream Realty Partners: A Dallas-based commercial real estate services and investment firm with deep Texas operating expertise across office, industrial, and retail. Comparable as a competing operator in the same Houston/Dallas/San Antonio submarkets.

Broad incumbents

• Realty Income Corporation: The largest publicly traded net-lease REIT, with a diversified portfolio spanning retail, industrial, office, and other commercial property types. Comparable as a benchmark for institutional-grade net-lease commercial real estate ownership.
• CBRE Group: The world's largest commercial real estate services firm, providing leasing, property management, and investment advisory — directly relevant as both a partner (Silver Star's COO previously led CBRE Investment Services) and a competitive broker in Silver Star's markets.
• W. P. Carey Inc. A diversified large-cap net-lease REIT owning industrial, retail, office, and self-storage properties globally. Directly comparable on the self-storage pivot dimension and as a broader benchmark for diversified commercial net-lease ownership.

Direct peers

• Four Corners Property Trust: A net-lease REIT concentrated in restaurants and retail leased to middle-market operators. Comparable as a smaller, focused REIT with long-duration tenant leases and an in-house acquisitions model.
• Phillips Edison & Company: A publicly traded net-lease REIT focused on grocery-anchored neighborhood shopping centers. Comparable as an owner-operator of stabilized retail real estate with diversified middle-market tenants, though Silver Star's mix is broader (including office).
• Essential Properties Realty Trust: A mid-cap net-lease REIT focused on single-tenant, freestanding commercial properties leased to middle-market and enterprise tenants. Comparable in tenant segmentation and triple-net lease economics to Silver Star's enterprise relationships.
• One Liberty Properties: A small-cap diversified REIT that owns and leases office, retail, industrial, and flex properties to mid-market tenants — directly comparable in portfolio composition, leasing model, and capital-markets scale to Silver Star.
• Gladstone Commercial Corporation: A small/mid-cap publicly traded REIT focused on owning and leasing office, industrial, and flex properties across the U.S. Closely comparable to Silver Star in size, asset mix (office/industrial/flex), triple-net lease structure, and tenant base of middle-market and enterprise users.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SilverStarREIT
• Xx.com/SilverStarREIT
• LinkedInlinkedin.com/company/silver-star-reit

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silver Star Properties REIT, Inc.