Houston investor with Dallas-area office and retail building seeks bankruptcy.
The company said it’s sold more than $100 million in properties since the start of the year and has another $131 million in office and retail buildings under contract for sale as it enters bankruptcy.
“The company has diligently pursued mediation and sought legal remedies in response to Allen Hartman’s efforts to secure more favorable terms through the use of controversial legal tactics,” Silver Star said. “The company believes that the filing represents a viable and constructive avenue to obtain the necessary relief to prove its ownership of the SPE’s properties, thereby safeguarding and enhancing shareholder value.”Hartman has many of its North Texas properties listed for sale.
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