Silver Star Properties REIT Provides Update on Self-Storage Strategy

HOUSTON, March 26, 2025 /PRNewswire/ -- Silver Star Properties REIT, Inc. ("Silver Star" or the "Company"), a self-managed real estate investment trust currently repositioning into the self-storage asset class, today announced distribution of a PowerPoint presentation to investors and the community alike outlining why the self-storage pivot is better than liquidation. See below for a link to the presentation.

https://silverstarreit.com/wp-content/uploads/2025/03/Liquidation_is_a_Disaster.pdf

This announcement and the materials provided are not intended to be an offer of any kind, or a solicitation of a vote but an attempt to respond to shareholder calls and inquiries and requests for information on the status of the pivot.

The material provided presents a clear and convincing analysis between the options. Silver Star's CEO, Gerald Haddock, said "The point is to get everyone focused on the future." He further emphasized "the self-storage pivot is not just better than liquidation but encompasses one of the best real estate strategies right now for both growth and income, as well as a downturn protection."

The Pivot Strategy Continues

As Silver Star stabilizes its balance sheet, it will permit further acquisition of self-storage assets under the New Direction Plan. The prospective sale of other legacy properties will streamline our real estate asset portfolio, provide capital for further investment in higher-growth opportunities and open the door to the very real prospect for raising new capital. The New Direction Plan is working. We firmly believe that we have and will continue to enhance our overall portfolio quality and deliver improved value to shareholders.

Forward-Looking Statements

 This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions, and beliefs. Forward-looking statements can often be identified by words such as "anticipate," "estimate," "expect," "intend," "may," "should" and similar expressions, and variations or negatives of these words. They are not guarantees of future results and forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including those described in greater detail in our filings with the Securities and Exchange Commission ("the SEC"), particularly those described in our most recent Annual Report on Form 10-K, which was filed with the SEC on May 26, 2023 and Quarterly Reports on Form 10-Q. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's other filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statement. The statements made herein speak only as of the date of this Press Release and except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statements.

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SOURCE Silver Star Properties REIT