Silver Star Announces Strategic Steps Following Gulf Plaza Sale

HOUSTON, May 13, 2025 /PRNewswire/ -- Silver Star, a leading real estate investment firm, today announced the successful sale of its Gulf Plaza property as part of a broader strategic effort to stabilize operations and enhance shareholder value. The company continues to navigate complex financial challenges inherited from prior leadership while advancing its long-term recovery strategy.

For a detailed account of the company's ongoing efforts, shareholders are encouraged to read the full letter from Gerald Haddock, CEO, Chairman of the Board, and Chairman of the Executive Committee, here.

Forward-Looking Statements: This letter contains certain forward-looking statements. Because such statements include risks, uncertainties, and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements, and you should not place undue reliance on any such statements. Several important factors could cause actual results to differ materially from the forward-looking statements contained in this material. Forward-looking statements in this letter speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

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SOURCE Silver Star Properties REIT