Filing Details

Accession Number:
0001104659-23-126077
Form Type:
13D Filing
Publication Date:
2023-12-14 19:00:00
Filed By:
Hartman Allen R
Company:
Silver Star Properties Reit Inc
Filing Date:
2023-12-15
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Allen R. Hartman 1,800,489 2,813,732 1,800,489 2,813,732 4,614,221 13.2%
Hartman Family Protection Trust 2,813,732 0 2,813,732 0 2,813,732 8.1%
Hartman XX Holdings, Inc 19,000 0 19,000 0 19,000 0.1%
Hartman vREIT XXI, Inc 1,198,228 0 1,198,228 0 1,198,228 3.4%
Lisa Hartman 3,420 2,813,732 3,420 2,813,732 2,817,152 8.1%
Charlotte Hartman 91,430 0 91,430 0 91,430 0.3%
Victoria Hartman Massey 91,430 0 91,430 0 91,430 0.3%
Margaret Hartman 441,359 0 441,359 0 441,359 1.3%
Filing
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D/A

(Rule 13d-101)

 

Information to be Included in Statements Filed Pursuant to

§ 240.13d-1(a) and Amendments Thereto Filed Pursuant to § 240.13d-2(a)

Under the Securities Exchange Act of 1934

(Amendment No. 3)

 

Silver Star Properties REIT, Inc.

(Name of Issuer)

 

Common Stock, par value $.001 per share

(Title of Class of Securities)

 

N/A

(CUSIP Number)

 

Allen R. Hartman

11211 Katy Freeway, Suite 309

Houston, Texas 77079

(281) 380-0770

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications

 

December 14, 2023

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

  

 
 

 

CUSIP No. N/A 13D Page 2 of 11

  

1

Names of Reporting Persons

 

Allen R. Hartman

2 Check the Appropriate Box if a Member of a Group
    (a)  þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  U.S.A

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  1,800,4891
8 Shared Voting Power:  2,813,7322
9 Sole Dispositive Power:  1,800,4891
10 Shared Dispositive Power:  2,813,7322
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  4,614,221
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:  ¨
13 Percent of Class Represented by Amount in Row (11):  13.2%3
14 Type of Reporting Person:  IN

 

Notes:

(1)The amount includes (a) 602,261 shares owned by Allen R. Hartman, (b) 19,000 shares held by Hartman XX Holdings, Inc. (“Holdings”), and (c) 1,198,228 shares owned by Hartman vREIT XXI, Inc. (“vREIT”). These amounts are also included below for Holdings and vREIT. Mr. Hartman is the Executive Chairman and CEO of Holdings and, by virtue of such position, has sole voting and investment discretion with respect to the shares held by Holdings. Mr. Hartman is the sole stockholder of vREIT and, by virtue of such position, has sole voting and investment discretion with respect to the shares held by vREIT.

 

(2)These shares are held by the Hartman Family Protection Trust (the “Trust”). Mr. and Mrs. Hartman are co- trustees of the Trust and, by virtue of such positions, share voting and investment discretion with respect to the shares held by the Trust. These shares are also included below for Lisa Hartman and the Trust.

 

(3)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 3 of 11

 

1

Names of Reporting Persons 

 

Hartman Family Protection Trust

2 Check the Appropriate Box if a Member of a Group
    (a) þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  U.S.A

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  2,813,7324
8 Shared Voting Power:  0
9 Sole Dispositive Power:  2,813,7324
10 Shared Dispositive Power:  0
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  2,813,732
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  8.1%5
14 Type of Reporting Person:  OO

  

Notes: 

(4)The shares are owned by the Trust. Allen R. Hartman and Lisa Hartman are co- trustees of the Trust and, by virtue of such positions, share voting and investment discretion with respect to the shares held by the Trust. These shares are also included above for Mr. Hartman and below for Lisa Hartman.

 

(5)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 4 of 11

 

1

Names of Reporting Persons 

 

Hartman XX Holdings, Inc.

2 Check the Appropriate Box if a Member of a Group
    (a) þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  Texas, U.S.A.

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  19,0006
8 Shared Voting Power:  0
9 Sole Dispositive Power:  19,0006
10 Shared Dispositive Power:  0
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  19,000
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  0.1%7
14 Type of Reporting Person:  CO

  

Notes: 

(6)The shares are owned by Holdings. Allen R. Hartman is the sole stockholder of Holdings and, by virtue of such position, has sole voting and investment discretion with respect to shares owned by Holdings. These shares are also included above for Mr. Hartman.

 

(7)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 5 of 11

 

1

Names of Reporting Persons

 

Hartman vREIT XXI, Inc.

2 Check the Appropriate Box if a Member of a Group
    (a) þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  Maryland, U.S.A.

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  1,198,2288
8 Shared Voting Power:  0
9 Sole Dispositive Power:  1,198,2288
10 Shared Dispositive Power:  0
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  1,198,228
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  3.4%9
14 Type of Reporting Person:  CO

  

Notes:

(8)The shares are owned by vREIT. Allen R. Hartman is the Executive Chairman and Chief Executive Officer of vREIT and, by virtue of such positions, has sole voting and investment discretion with respect to shares owned by vREIT. These shares are also included above for Mr. Hartman.

 

(9)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 6 of 11

 

1

Names of Reporting Persons

 

Lisa Hartman

2 Check the Appropriate Box if a Member of a Group
    (a) þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  PF
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  U.S.A

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  3,42010
8 Shared Voting Power:  2,813,73211
9 Sole Dispositive Power:  3,42010
10 Shared Dispositive Power:  2,813,73211
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  2,817,152
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  8.1%12
14 Type of Reporting Person:  IN

  

Notes:

(10)The shares are owned by the Reporting Person, who is the spouse of Allen R. Hartman. By virtue of such relationship, Mr. Hartman and Mrs. Hartman may be deemed to share voting and/or investment discretion with respect to such shares.

 

(11)These shares are held by the Trust. Mr. and Mrs. Hartman are co- trustees of the Trust and, by virtue of such positions, share voting and investment discretion with respect to the shares held by the Trust. These shares are also included above for Mr. Hartman and the Trust.

 

(12)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 7 of 11

 

1

Names of Reporting Persons

 

Charlotte Hartman

2 Check the Appropriate Box if a Member of a Group
    (a) þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  U.S.A

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  91,430
8 Shared Voting Power:  0
9 Sole Dispositive Power:  91,430
10 Shared Dispositive Power:  0
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  91,430
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  0.3%13
14 Type of Reporting Person:  IN

   

Notes:

(13)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 8 of 11

 

1

Names of Reporting Persons

 

Victoria Hartman Massey

2 Check the Appropriate Box if a Member of a Group
    (a)  þ
    (b)  ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  U.S.A

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  91,430
8 Shared Voting Power:  0
9 Sole Dispositive Power:  91,430
10 Shared Dispositive Power:  0
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  91,430
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  0.3%14
14 Type of Reporting Person:  IN

  

Notes:

(14)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

CUSIP No. N/A 13D Page 9 of 11

 

1

Names of Reporting Persons

 

Margaret Hartman

2 Check the Appropriate Box if a Member of a Group
    (a) þ
    (b) ¨
3 SEC Use Only
4 Source of Funds:  OO
5 Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ¨
6 Citizenship or Place of Organization:  U.S.A

Number of

Shares
Beneficially

Owned by

Each

Reporting

Person With

7 Sole Voting Power:  441,359
8 Shared Voting Power:  0
9 Sole Dispositive Power:  441,359
10 Shared Dispositive Power:  0
11 Aggregate Amount Beneficially Owned by Each Reporting Person:  441,359
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: ¨
13 Percent of Class Represented by Amount in Row (11):  1.3%15
14 Type of Reporting Person:  IN

 

Notes:

(15)The percentage is based on 34,894,496 outstanding shares of common stock of the issuer, as disclosed in the issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

 

 

 

 

    Page 10 of 11

 

This Amendment No. on Schedule 13D/A amends the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) by the undersigned on October 17, 2023, as previously amended on each of October 24, 2023 and November 29, 2023 (as amended, the “Schedule 13D”), in respect of the common stock, par value $.001 per share, of Silver Star Properties REIT, Inc. (“Silver Star”).

 

Item 4. Purpose of Transaction.

 

Item 4 of the Schedule 13D is hereby amended to include the following:

 

On December 14, 2023, the Reporting Persons issued a press release disclosing that they object to the ongoing consent solicitation by the Board of Directors of Silver Star in lieu of annual meeting for the 2023 fiscal year (the “Consent Solicitation”), and that they are going to vote “NO” to the proposal in the Consent Solicitation for the re-election of Jack I. Tompkins, Gerald W. Haddock and James S. Still to Silver Star’s Board of Directors. A copy of the press release is filed herewith as Exhibit 99.4 and is hereby incorporated by reference.

 

Item 7. Material to Be Filed as Exhibits.

 

Item 7 of the Schedule 13D is hereby amended to add the following exhibit:

 

Exhibit No. Description
   
99.4 Press Release, dated December 14, 2023 (filed herewith).

 

 

 

 

    Page 11 of 11

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: December 14, 2023 /s/ Allen R. Hartman
  Allen R. Hartman
 
Dated: December 14, 2023 HARTMAN FAMILY PROTECTION TRUST
   
  By: /s/ Allen R. Hartman
  Name: Allen R. Hartman
  Title: Trustee 
 
Dated: December 14, 2023 HARTMAN XX HOLDINGS, INC.
 
  By: /s/ Allen R. Hartman
  Name: Allen R. Hartman
  Title: President 
 
Dated: December 14, 2023 HARTMAN vREIT, INC.
 
  By: /s/ Allen R. Hartman
  Name: Allen R. Hartman
  Title: Executive Chairman and CEO 
 
Dated: December 14, 2023 /s/ Lisa Hartman
  Lisa Hartman 
 
Dated: December 14, 2023 /s/ Charlotte Hartman
  Charlotte Hartman 
 
Dated: December 14, 2023 /s/ Victoria Hartman Massey
  Victoria Hartman Massey
 
Dated: December 14, 2023 /s/ Margaret Hartman
  Margaret Hartman