See the Full Picture.
Published loading...Updated

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.
Insights by Ground AI
Does this summary seem wrong?

19 Articles

All
Left
1
Center
8
Right
BenzingaBenzinga
+18 Reposted by 18 other sources
Center

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…

·New York, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 89% of the sources are Center
89% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Benzinga broke the news in New York, United States on Saturday, May 17, 2025.
Sources are mostly out of (0)