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Silver Star Properties REIT Announces Turnaround Success of Southern Star Self Storage and Strategic Momentum Toward Self-Storage Platform Expansion

Silver Star Properties REIT announced on May 16, 2025, the successful turnaround of Southern Star Self Storage across multiple locations including George West, TX, and Montrose StormKing, CO.
This success followed a year-long grassroots transformation led by Director of Operations Oscar Flores, who reorganized management and launched a community-focused marketing strategy in April 2024.
The platform achieved significant gains with occupancy rising over 4% in Plano, TX and a 9% increase in George West, TX, while NOI more than doubled or tripled in key markets like Plano and Montrose StormKing.
Chairman Gerald W. Haddock commended the team’s dedication, emphasizing their role in achieving significant progress at the company’s self-storage locations, and underscored the strategic shift away from underperforming office assets.
Silver Star’s Independent Trustee Jim Shaw is coordinating with Emerson Equity, LLC, on a $50 million preferred equity raise contingent on shareholder approval to fund further self-storage expansion within 90 days post-vote.

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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…

1 day ago·New York, United States

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