Silver Star Properties REIT Announces Turnaround Success of Southern Star Self Storage and Strategic Momentum Toward Self-Storage Platform Expansion
- On May 16, 2025, Silver Star Properties REIT celebrated strong operational gains by its Southern Star Self Storage subsidiary in Houston.
- These gains followed a year of grassroots transformation launched in April 2024, including a full management and marketing overhaul replacing third-party managers.
- Director of Operations Oscar Flores led the reorganization and marketing efforts that boosted occupancy, net operating income, and community engagement across multiple locations.
- NOI more than doubled in Plano from $15,850 to $35,307, tripled in Montrose StormKing from $16,967 to $52,370, and occupancy in George West rose from 54.3% to 62.8%.
- Silver Star’s Executive Committee plans a $50 million preferred equity raise to fund expansion, contingent on shareholder approval, reflecting a shift from office assets to self-storage investments.
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Silver Star Properties REIT Announces Turnaround Success of Southern Star Self Storage and Strategic Momentum Toward Self-Storage Platform Expansion
EXECUTIVE HIGHLIGHTS Plano, TX: NOI more than doubled—from $15,850 in Q1 2024 to $35,307 in Q1 2025, as occupancy rose over 4%. Montrose StormKing, CO: NOI tripled from $16,967 in Q1 2024 to $52,370 in Q1 2025. George West, TX: Occupancy improved from 54.3% to 62.8%, a 9% gain under the new management model. HOUSTON, May 16, 2025 /PRNewswire/ -- Silver Star Properties REIT, Inc. ("Silver Star") today celebrated the operational success of its su…
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