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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…

10 hours ago·New York, United States

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