August 7, 2025

Silver Star REIT Prevails Again in Court as Texas Judge Orders Hartman to Comply with Discovery, Sanctions Him for Legal Obstruction

– Vote EARLY the WHITE Proxy Card, Phone Options Available –

To Silver Star REIT Shareholders:

The Harris County District Court has issued a firm rebuke of Allen Hartman’s continued legal obstruction, further validating Silver Star’s ongoing claims against its former, failed CEO and management group.

This latest order follows a similar ruling in Maryland, where the court recognized a troubling pattern of dishonesty, deception, and other nefarious conduct by Hartman [Anthony F. Vittoria, Associate Judge, Circuit Court for Baltimore wrote Hartman has "general credibility issues stemming from instances in which [he] has been shown to be dishonest.”

•Case No.: 24-C-23-003722 - www.courts.state.md.us/sites/default/files/unreported-opinions/2428s23.pdf.

In Harris County, the judge issued a court order compelling Hartman to produce long-overdue discovery and appear for deposition within 45 days, underscoring yet another instance of Hartman's blatant disregard for lawful process and shareholder rights.

Additionally, the court ordered Hartman to pay Silver Star legal fees, recognizing the undue burden placed on the Company in having to enforce basic legal compliance.

This ruling once again exposes Hartman’s true objective. As we’ve warned shareholders all along, Hartman’s campaign has never been about protecting value—it's about delaying the inevitable. His goal is to gain control of Silver Star, avoid facing a Texas jury in the ongoing Harris County case and dismiss the case against him. These delay tactics appear designed to push the discovery past Silver Star’s August 29th annual meeting, in the hope that shareholders remain in the dark.

Silver Star continues to move forward with a constructive strategy for unlocking shareholder value. This includes multiple capital-raising initiatives that will enable the Company to pursue its Pivot Plan—a path that offers the potential for success, consistent distributions, and a true return of capital over a short time. In stark contrast, Hartman’s call for a liquidation would decimate shareholder value, likely yielding nothing in return.

The Company also addressed the widespread shareholder fatigue resulting from Hartman’s disinformation campaign and has chosen not to respond to every outlandish claim made by the Hartman

group. These false promises of immediate returns are not only irresponsible, but we also believe mathematically impossible. Silver Star remains focused on facts, performance, and results—not fiction.

As the August 29th vote approaches, Silver Star urges all shareholders to see through the noise and vote in favor of continued progress, transparency, and accountability.

Vote Early the WHITE proxy card and stop the noise and disinformation. Give a Texas Jury a choice for your justice. You have the power. For voting instructions, meeting details, and the latest shareholder updates, visit www.silverstarreit.com.

•If you would prefer to vote your proxy by phone:

◦Call 1-844-202-6616 for a live person, may have to wait in the queue, available Monday through Friday 9:00 am until 10:00 pm Eastern

OR

◦Call 1-866-804-9616 for an automated agent 24/7without waiting

▪Have your 11-digit code available

If you’ve already voted the BLUE card, you can still change your vote. Simply vote the WHITE card today—it is the last vote that counts.

Thank you for your continued support.

Vote now: https://web.viewproxy.com/silverstarreit/2025

Questions? Call Alliance Advisors at 1-844-202-6616 or email SLVS@allianceadvisors.com.

Sincerely,

The Board of Directors

Silver Star Properties REIT

Media Contact:

📧 press@silverstarREIT.com

Investor Relations Contact:

Investor Relations Coordinator

📧 investorrelations@silverstarREIT.com

📞 877-734-8876

ADDITIONAL INFORMATION AND WHERE TO FIND IT

The Company has filed with the SEC a definitive proxy statement on Schedule 14A on May 29, 2025, containing relevant documents with respect to its solicitation of proxies for the Company’s 2025 Annual Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. In accordance with Section 14(a) of the Securities Exchange Act of 1934, as amended, and Rule 14a-6 promulgated thereunder, to the extent that any information contained in this Proxy Statement Supplement modifies, supersedes, or supplements the disclosures set forth in the Company’s definitive Proxy Statement filed with the Securities and Exchange Commission on May 29, 2025, such information shall be deemed to so modify, supersede, or supplement—and shall be incorporated by reference into—that Proxy Statement as of the date hereof. Investors and security holders may obtain copies of these documents and other documents filed with the SEC by the Company free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by the Company are also available free of charge by accessing the Company website at www.silverstarreit.com.

Participants in the Solicitation

Silver Star and its directors and executive officers may be deemed to be participants in the solicitation of proxies with respect to the 2025 Annual Meeting. Information regarding Silver Star’s directors and executive officers is contained in the definitive proxy statement. As of June 20, 2025, the Silver Star Executive Committee and current directors, and executive officers beneficially owned approximately 3,517,313 shares, or 1.89%, of Silver Star common stock. Additional information regarding the interests of such participants is included in the definitive proxy statement and is available free of charge at the SEC’s website at www.sec.gov.

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Forward-Looking Statements: This message contains a number of forward-looking statements. Because such statements include a number of risks, uncertainties, and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements, and investors should not place undue reliance on any such statements. Forward-looking statements can often be identified by words such as “continues,” “can,” expect,” “intend,” “will,” “anticipate,” “estimate,” “may,” “plan,” “believe” and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding the Company’s search for a new auditor and its hope that a new auditor can be engaged in the near future and that its annual report on Form 10-K can be completed and publicly filed; the continuation of the examination of the current operations of Southern Star; the Company’s intent to consider various alternatives, including the possible sale of Southern Star, the sale of specific assets within individual DSTs and dissolution of the respective trusts, and/or the outsourcing of various aspects of Southern Star’s operations; the Company’s plan to update investors with respect to the status of Southern Star as appropriate; the Company’s expectations and beliefs regarding the Hartman litigation; the timing and ultimate resolution of the various litigation, fight for corporate control and other matters involving Hartman; the continued execution of the Company’s strategy of pivoting into the self-storage space; the Company’s continual evaluation of its legacy assets in order to maximize shareholder value; the Company’s policy to not dispose of any asset for less than its maximum determinable value and to maximize earnings and value; the implications to the Company of the assignment of an OTC trading symbol for its common stock; whether the Company may be subject to certain FINRA rules; any actions the Company may need to take to comply with any FINRA rules; the Company’s continual evaluation of various options to provide greater shareholder liquidity, including its intention to seek listing of its common stock on a securities exchange or admission to over-the-counter trading, a public offering, a listing of the common stock on an exchange or admission to OTC trading without a public offering, and merger and/or acquisition opportunities; the Company’s belief that further legal action could ensue to unwind the issuance of common shares under the Rights Plan if Hartman prevails in his efforts to set aside or invalidate the Rights Plan or to cause the dilutive issuance of additional common shares to Hartman, as well as any further action Hartman may take to prevent other Company shareholders from receiving benefits under the Rights Plan. None of the foregoing are guarantees or assurances of future outcomes or results and all are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. A number ofimportant factors could cause actual results to differ materially from the forward-looking statements contained in this material. Forward-looking statements in this press release speak only as of the date on which such statements were made, and the Company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.