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Al Hartman Presses Silver Star Properties REIT (SLVS) Holders: Reject Current Board, Back Liquidation Plan Amid Alleged Misconduct and Value Destruction

Summary

Al Hartman’s Hartman Shareholder Alliance urges Silver Star investors to vote the BLUE proxy as a “last chance” to protect remaining value via an orderly liquidation that returns capital. The letter accuses the current board of serious misconduct—misleading SEC/shareholders, blocking records, discriminating against investors, diverting sale proceeds, and concealing defaults/declines—and tells holders to ignore Silver Star’s calls, mailings, and white proxy card. It frames the choice as liquidation and recovery versus continued losses under existing leadership, and invites shareholders to a live call (Thu 4:00 PM CST) and to contact (619) 664-4780 to vote BLUE.

Your Last Chance to Protect Your Investment

September 24, 2025

Dear Shareholder,

This is your final opportunity to save what remains of your Silver Star investment. With voting ending soon, the destructive leadership that has already caused a 70% drop in your equity value is desperately trying to cling to power and tie up your money for another 5-10 years.

You deserve to get your money back before more is lost. That is exactly what our plan delivers, an orderly liquidation that returns your capital instead of watching it disappear under continued mismanagement.

Criminal Activity by Current Management

The current board's pattern of misconduct and potential criminal activity includes:

· Lied to the SEC and shareholders by filing incomplete Consent Solicitation results and concealing 30% of shareholder revocations

· Blocked shareholder access to legally mandated records to hide loan defaults and foreclosure proceedings

· Discriminated against investors by denying 20% of shareholders their rightful stock because they were "part of the Hartman group"

· Misused proceeds from property sales, diverting millions that should have gone to debt reduction or shareholder distributions

· Concealed the true financial condition of the company, hiding property deterioration, loan defaults, and declining occupancy while misleading shareholders about "increased value"

Ignore Silver Star's Desperate Tactics

Do not be fooled by their final push of lies and manipulation. Silver Star's phone calls, mailings, and their white proxy card are designed to confuse you.

Ignore them completely:

· Do not engage with their phone calls
· Do not respond to their mailings
· Do not return the white proxy card
· Disregard all their communications

They have nothing left but lies and scare tactics because their record of failure speaks for itself.

This Is Your Final Chance

If you haven't voted yet on the BLUE proxy card, this is your last opportunity to protect what remains of your investment. Every day they remain in control, more of your money disappears through their incompetence and self-dealing.

The Choice That Will Determine Your Financial Future

Vote with the Hartman Shareholder Alliance and get your money back through an orderly liquidation or watch the current board finish destroying your investment with their proven track record of failure.

Protect your investment. Reject their fraud and mismanagement. Vote for accountability.

Join our live shareholder call Thursday at 4:00 PM CST. We'll walk through the mounting evidence, explain our value restoration plan, and answer your questions directly.

See the attached proxy letter for more details. Click here to read the full letter.

Call us directly at (619) 664-4780 to vote for the BLUE card and for the return of your capital or vote the blue proxy from our online e-mail.

Thank you for your trust and support.

Sincerely,

Al Hartman
The Hartman Shareholder Alliance

Source:

https://www.sec.gov/Archives/edgar/data/831616/000110465925092950/tm2526891d1_dfan14a.htm

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