SS
Southern Star Storage
3 Programs on record · filing history back to 2022 · 0 classified as raising now
Website not on recordPrograms on record3
First filed2022
Raising now0
Sponsor-reported, from SEC filings and cited sources.
What is on this sponsor’s Record Card?
Top1031 Sponsor Record Card
How this letter was decidedSouthern Star Storage
NR
NR · Not rated
No documented loss found in searched sources. Fewer than 3 outcomes to rate (0 published results, 0 documented sales). NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Lost or impaired investor capital 0Counted outcomes 0
- Programs found in SEC fundraising filings (Form D)
- 3
- Share of programs over 3 years old whose status we confirmed
- 33%
Which Programs are on the record?
A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.
ProgramSponsor-stated resultCounted as
Southern Star Storage IV - Rockport DSTFirst filed 2023Top1031's September 1, 2024 full-cycle report names Southern Star Storage IV - Rockport DST and states that its 480-unit, 47,495-square-foot Rockport, Texas facility was disposed of, but states no sale price or investor-return figures [1]. Source As reported by the sponsor.
Sold according to the sponsor, not yet verifiedDocument
SOUTHERN STAR STORAGE III CAROLINA DSTFirst filed 2022No sponsor-stated result on record Source
Still operatingDocument
SOUTHERN STAR STORAGE-MONTROSE II DSTFirst filed 2022No sponsor-stated result on record Source
Still operatingDocument
What is raising now?
Classified active by Top1031 from SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
Who is behind this record?
Southern Star Storage is a privately held self-storage company, established in 2019, that sponsors and manages Delaware statutory trust investments. Sponsor material describes a platform of nine facilities totaling 321,291 net rentable square feet and 2,526 units in Colorado, Florida, North Carolina, and Texas, and lists four Southern Star DST acquisition programs: Airports, Montrose II, Carolina, and Rockport. Silver Star Properties REIT acquired the company, dating the transaction to May 5, 2023. Effective April 15, 2024, Silver Star took charge of day-to-day operations and suspended monthly distributions to the Southern Star-sponsored DSTs; on May 16, 2025 it reported a management overhaul of the facilities.
Sponsor-stated figures are as reported by the sponsor.Sources: HI-REIT · Inside Self-Storage · Silver Star Properties REIT, Inc. · Altswire · sec.gov
Platform and DST programs
Sponsor material describes Southern Star Self-Storage as a privately held real estate company specializing in the sponsorship and management of DST investments in self-storage properties.1 Announcing Silver Star Properties' acquisition of the firm, that material said Southern Star, established in 2019, operated nine properties totaling 321,291 net rentable square feet across 2,526 units.1 The reported platform footprint was nine self-storage facilities in Colorado, Florida, North Carolina, and Texas.2 A September 3, 2024 Silver Star sponsor update listed four Southern Star DST acquisition programs: Airports (four properties, 151,695 square feet, 1,205 units), Montrose II (two properties, 78,877 square feet, 481 units), Carolina (two properties, 43,383 square feet, 393 units), and Rockport (one property, 47,495 square feet, 480 units).3
Offering record
Reporting in May 2023 on the close of its fourth DST offering, Southern Star said it had raised $23 million of 1031 investor equity and acquired $37 million of self-storage properties since March 2022. That fourth program, Southern Star Storage IV – Rockport DST, recorded its first sale in May 2023, raised approximately $3.4 million of investor equity, and comprised one 480-unit climate-controlled self-storage property in Rockport, Texas.4
Ownership and operations under Silver Star
Silver Star Properties' definitive revised proxy stated that it acquired Southern Star Self-Storage Investment Company for approximately $3,000,000 in cash and 301,659 restricted stock units.5 Silver Star's issuer-filed corporate update identified Southern Star as a recently acquired subsidiary and dated the acquisition to May 5, 2023. In that April 15, 2024 filing, Silver Star said that, based on an initial review, Southern Star was experiencing operating and management difficulties involving four Southern Star-sponsored DSTs that owned income-producing self-storage assets; effective the same date it placed David Wheeler, Silver Star's president and chief operating officer, in charge of day-to-day operations, and it said it was considering a sale of Southern Star, sale of specific assets within individual DSTs, dissolution of the respective trusts, and outsourcing of aspects of Southern Star's operations.6 A May 1, 2024 Silver Star update stated that monthly distributions to the Southern Star-sponsored DSTs had been suspended effective April 15, 2024 pending further examination of Southern Star and its sponsored DSTs.7
On May 16, 2025, Silver Star said that, since launching its Neighborly Community Connect strategy in April 2024, it had executed a full-scale management and marketing overhaul of Southern Star facilities, replacing third-party managers with trained, community-embedded onsite professionals.8
Show sources (8)Hide sources (8)
- HI-REIT ↗Sponsor disclosure
- Inside Self-Storage ↗Sponsor disclosure
- Silver Star Properties REIT, Inc. ↗Sponsor disclosure
- Altswire ↗Sponsor disclosure
- sec.gov ↗Public record
- sec.gov ↗Public record
- Silver Star Properties REIT, Inc. ↗Sponsor disclosure
- Silver Star Properties REIT, Inc. ↗Sponsor disclosure
Written from SEC filings and cited sources
Southern Star Storage in the news
More sponsor coverage (3)
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