When Silver Star Properties REIT, formerly known as Hartman Short Term Properties XX, began seeing four major asset classes fall off their pedestals, it cut its losses and pivoted. The Houston-based company, an affiliate of Hartman Income REIT Management, is selling off its office, retail and industrial properties to focus exclusively on self-storage, a sector it believes is recession-resistant and ripe for aggregation as a fragmented, specialized, yet vital link in the chain.
“Everybody knows office has steadily fallen out of favor since the beginning of the pandemic,” Silver Star Chief Investment Officer David Wheeler said. “We've had challenges for quite a few years with the capital investment necessary to keep office properties performing and updated.”Maintaining office buildings meant incurring… Read the full story here. |