Silver Star unit Hartman, lender, committee agree to cash collateral use

By Sarah Lizee

Olympia, Wash., March 6 – Silver Star Properties REIT, Inc. indirect subsidiary Hartman SPE, LLC has reached an agreement with lender U.S. Bank NA and the official committee of unsecured creditors regarding cash collateral use, according to a stipulation filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company said it requires the continued use of cash collateral to keep operating its business, pay costs associated with the case and emerge from Chapter 11.

The parties agreed to modify the final cash collateral order to extend the company’s cash collateral use through March 30.

Silver Star is a self-managed real estate investment trust based in Houston. Hartman SPE filed bankruptcy on Sept. 13, 2023 under Chapter 11 case number 23-11452.

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