Hartman Short Term Income Properties XX (HARXX) 10-K 26 May 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2022	May 16, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	000-53912
Entity Registrant Name	SILVER STAR PROPERTIES REIT, INC.
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	2909 Hillcroft
Entity Address, Address Line Two	Suite 420
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Tax Identification Number	26-3455189
Entity Address, Postal Zip Code	77057
City Area Code	713
Local Phone Number	467-2222
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding (in shares)		34,894,496
Amendment Flag	false
Entity Central Index Key	0001446687
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Firm ID	410
Auditor Name	Weaver and Tidwell, L.L.P
Auditor Location	Houston, Texas

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Real estate assets, at cost	$ 580,602	$ 620,585
Accumulated depreciation and amortization	(189,509)	(173,040)
Total real estate assets, net	391,093	447,545
Cash and cash equivalents	334	285
Restricted cash	24,088	18,972
Accrued rent and accounts receivable, net	16,507	13,238
Notes receivable - related party	1,726	1,726
Deferred leasing commission costs, net	9,826	10,487
Goodwill	250	250
Prepaid expenses and other assets	6,019	2,100
Real estate held for development	1,596	10,403
Real estate held for sale	25,963	0
Due from related parties	1,714	115
Investment in affiliate	201	201
Total assets	479,317	505,322
Liabilities:
Notes payable, net	297,692	297,765
Note payable to related party	17,168	6,012
Accounts payable and accrued expenses	46,670	38,471
Tenants' security deposits	6,143	5,756
Total liabilities	367,673	348,004
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 200,000,000 convertible, non-voting shares authorized, 1,000 shares issued and outstanding at December 31, 2022 and 2021, respectively	0	0
Common stock, $0.001 par value, 750,000,000 authorized, 34,894,496 shares and 35,110,421 shares issued and outstanding at December 31, 2022 and 2021, respectively	35	35
Additional paid-in capital	296,152	297,335
Accumulated distributions and net loss	(204,080)	(162,355)
Total stockholders' equity	92,107	135,015
Noncontrolling interests in subsidiary	19,537	22,303
Total equity	111,644	157,318
Total liabilities and equity	$ 479,317	$ 505,322

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 0.001	$ 0.001
Convertible, non-voting shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	1,000	1,000
Preferred stock, shares outstanding (in shares)	1,000	1,000
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	34,894,496	35,110,421
Common stock, shares outstanding (in shares)	34,894,496	35,110,421

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues
Rental revenues	$ 94,017	$ 87,194
Management and advisory income	4,053	4,964
Total revenues	98,070	92,158
Expenses (income)
Property operating expenses	26,591	31,117
Organization and offering costs	31	103
Real estate taxes and insurance	15,004	13,952
Depreciation and amortization	26,971	26,726
Management and advisory expenses	12,551	11,751
Debt issuance write off cost	1,018	0
General and administrative	13,570	13,163
Interest expense	13,033	8,454
Interest write off (income)	847	(175)
Loss on impairment	26,485	0
Total expenses, net	136,101	105,091
Net loss	(38,031)	(12,933)
Net loss attributable to noncontrolling interests	(1,783)	(597)
Net loss attributable to common stockholders	(36,248)	(12,336)
Net loss attributable to common stockholders	$ (36,248)	$ (12,336)
Net loss attributable to common stockholders per share, basic (in USD per share)	$ (1.04)	$ (0.35)
Net loss attributable to common stockholders per share, diluted (in USD per share)	$ (1.04)	$ (0.35)
Weighted average number of common shares outstanding, basic (in shares)	34,991	35,202
Weighted average number of common shares outstanding, diluted (in shares)	34,991	35,202

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total Stockholders' Equity	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Distributions and Net Loss	Noncontrolling Interests
Preferred stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2020			1,000
Common stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2020				35,318,000
Stockholders' equity, beginning balance at Dec. 31, 2020	$ 188,142	$ 163,777	$ 0	$ 35	$ 299,375	$ (135,633)	$ 24,365
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares pursuant to stock based compensation (in shares)				41,000
Issuance of common shares pursuant to stock based compensation	461	461			461
Redemption of common shares (in shares)				(248,000)
Redemption of common shares	(2,501)	(2,501)			(2,501)
Dividends and distributions (cash)	(15,851)	(14,386)				(14,386)	(1,465)
Net loss	$ (12,933)	(12,336)				(12,336)	(597)
Preferred stock, shares outstanding, ending balance (in shares) at Dec. 31, 2021	1,000		1,000
Common stock, shares outstanding, ending balance (in shares) at Dec. 31, 2021	35,110,421			35,111,000
Common stock, shares outstanding, ending balance (in shares) (Common Stock Overstatement, Correction) at Dec. 31, 2021				(81,000)
Stockholders' equity, ending balance at Dec. 31, 2021	$ 157,318	135,015	$ 0	$ 35	297,335	(162,355)	22,303
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of common shares (in shares)				(135,000)
Redemption of common shares	(1,183)	(1,183)			(1,183)
Dividends and distributions (cash)	(6,460)	(5,477)				(5,477)	(983)
Net loss	$ (38,031)	(36,248)				(36,248)	(1,783)
Preferred stock, shares outstanding, ending balance (in shares) at Dec. 31, 2022	1,000		1,000
Common stock, shares outstanding, ending balance (in shares) at Dec. 31, 2022	34,894,496			34,895,000
Stockholders' equity, ending balance at Dec. 31, 2022	$ 111,644	$ 92,107	$ 0	$ 35	$ 296,152	$ (204,080)	$ 19,537

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (38,031)	$ (12,933)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock based compensation	505	667
Depreciation and amortization	26,971	26,726
Deferred loan and lease commission costs amortization	2,476	2,477
Bad debt expense	1,498	397
Straight-line rent	236	(994)
Defined contribution plan income	(311)	(1,011)
Impairment of real estate assets	26,485	0
ERP implementation cost write off	357	0
Interest receivable, related party write-off	847	0
Unrealized gain on derivative instruments	(97)	0
Changes in operating assets and liabilities:
Accrued rent and accounts receivable	(5,850)	(442)
Deferred leasing commissions costs	(896)	(1,194)
Prepaid expenses and other assets	(4,276)	(265)
Accounts payable and accrued expenses	9,734	10,713
Due to/from related parties	(4,134)	(3,189)
Tenants' security deposits	387	441
Net cash provided by operating activities	15,901	21,393
Cash flows from investing activities:
Investment in other assets	0	(357)
Additions to real estate	(11,977)	(13,025)
Net cash used in investing activities	(11,977)	(13,382)
Cash flows from financing activities:
Distributions to common stockholders	(8,458)	(13,917)
Distributions to non-controlling interest	(981)	(1,216)
Repayments to affiliates	(2,417)	0
Borrowings from an affiliate	15,312	6,208
Repayments under insurance premium finance note	(2,933)	(3,156)
Borrowings under insurance premium finance note	2,892	3,019
Repayments under term loan notes	(3,564)	(1,313)
Borrowings under term loan notes	2,645	0
Redemptions of common stock	(1,183)	(2,501)
Payments of deferred loan costs	(72)	(54)
Net cash provided by (used in) financing activities	1,241	(12,930)
Net change in cash and cash equivalents and restricted cash	5,165	(4,919)
Cash and cash equivalents and restricted cash, beginning of period	19,257	24,176
Cash and cash equivalents and restricted cash, end of period	24,422	19,257
Supplemental cash flow information:
Cash paid for interest	11,312	6,924
Supplemental disclosures of non-cash activities:
Decrease in interest payable from Hartman XXI settlement	795	1,151
Decrease in due from related parties from Hartman XXI settlement	2,535	4,135
Decrease in borrowing from affiliate from Hartman XXI settlement	1,740	2,984
Increase of additions to real estate in accounts payable and accrued expenses	$ 2,183	$ 0

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business Silver Star Properties REIT, Inc. (the “Company”), is a Maryland corporation formed on February 5, 2009. The Company elected to be treated as a real estate investment trust (“REIT”) beginning with the taxable year ended December 31, 2011. As used herein, the "Company," "we," "us," or "our" refer to Silver Star Properties REIT, Inc. and its consolidated subsidiaries and partnerships, including the Operating Partnership and SPE LLC, except where context requires otherwise. On July 19, 2018, we entered into a limited liability company agreement with our affiliates Hartman Income REIT, Inc. (“HIREIT”), Hartman Short Term Income Properties XIX, Inc. (“Hartman XIX”) and Hartman vREIT XXI, Inc. (“vREIT XXI”) to form Hartman SPE, LLC ("SPE LLC"), a special purpose entity. On October 1, 2018, SPE LLC, as borrower, and Goldman Sachs Mortgage Company entered into a term loan agreement, pursuant to which the lender made a term loan to SPE LLC in the principal amount of $259,000,000. Contemporaneously therewith and together with our affiliates HIREIT, Hartman XIX and vREIT XXI, we contributed a total of 39 commercial real estate properties ("Properties") to SPE, LLC, subject to the then existing mortgage indebtedness encumbering the Properties, in exchange for membership interests in SPE LLC. Proceeds of the Loan were immediately used to extinguish the existing mortgage indebtedness encumbering the Properties. Substantially all of our business is conducted through our subsidiary, the Operating Partnership and SPE LLC. Our wholly-owned subsidiary, Hartman XX REIT GP LLC, a Texas limited liability company, is the sole general partner of the Operating Partnership. Our wholly-owned subsidiary, Hartman SPE Management, LLC ("SPE Management") is the manager of SPE LLC. Our single member interests in our limited liability company subsidiaries are owned by the Operating Partnership or its wholly owned subsidiaries. On July 21, 2017, the Company and Hartman XIX, entered into an agreement and plan of merger (the “XIX Merger Agreement”) and (ii) the Company, the Operating Partnership, HIREIT and Hartman Income REIT Operating Partnership LP, the operating partnership of HIREIT, (“HIROP”), entered into an agreement and plan of merger (the “HIREIT Merger Agreement,” and together with the XIX Merger Agreement, the “Merger Agreements”). On May 14, 2020, the Merger Agreements were approved by the respective company shareholders. The effective date of the Mergers for financial reporting is July 1, 2020. Prior to July 1, 2020 and subject to certain restrictions and limitations, Hartman Advisors LLC ("Advisor") was responsible for managing our affairs on a day-to-day basis and for identifying and making acquisitions and investments on our behalf pursuant to an advisory agreement. Management of the Company’s properties and the Properties, is provided pursuant to property management agreements with Hartman Income REIT Management, Inc. (the "Property Manager"), formerly a wholly-owned subsidiary of HIREIT and effective July 1, 2020, our wholly owned subsidiary. Effective with the Mergers and the acquisition of the 70% interest of Advisor not acquired as part of the Mergers, we are a self-advised and self-managed REIT. On December 20, 2022, Silver Star Properties REIT, Inc. (previously known as Hartman Short Term Income Properties XX, Inc.) filed an amendment to its Articles of Amendment with the Maryland Secretary of State to change its name from “Hartman Short Term Income Properties XX, Inc.” to “Silver Star Properties REIT, Inc.” The amendment is effective as of December 20, 2022. As of December 31, 2022 and 2021, we owned 44 commercial properties comprising approximately 6.8 million square feet plus four pad sites and two land developments, all located in Texas. As of December 31, 2022 and 2021, we owned 15 properties located in Richardson, Arlington, and Dallas, Texas, 26 properties located in Houston, Texas and three properties located in San Antonio, Texas. The Board of Directors (the "Board") of the Company established a share redemption program (the "Redemption Plan"), which permitted stockholders to sell their shares back to the Company, subject to certain significant conditions and limitations. On July 8, 2022, the Board voted to suspend the Redemption Plan to support the long-term fiscal health of the Company. The Company does not anticipate that there will be any market for its shares of common stock unless they are listed on a national securities exchange. The Executive Committee has adopted resolutions directing management to begin the process of listing the Company’s shares on an established securities exchange, and it is taking steps to accomplish the listing, including without limitation engaging the services of an investment bank to assist with the listing. On October 14, 2022, the Company’s board of directors formed the Executive Committee, composed of independent directors, to continue the review of strategic alternatives with the objective of maximizing shareholder value and to streamline the communicating, reporting, and decision-making between the board and the Chief Executive Officer. To accomplish this objective and to communicate and manage the day-to-day communications and interactions with the Chief Executive Officer, the Executive Committee has all the authority of decision making of the whole board of directors. The Executive Committee performed a strategic review process to identify, examine, and consider a range of strategic alternatives available to the Company. On April 6, 2023, the Executive Committee of the board of directors approved the previously-announced New Direction Plans to reposition the Company's assets into the self-storage asset class and away from office, retail, and light industrial assets. The Executive Committee is in the process of carrying out the New Direction Plans with the objective of maximizing shareholder value.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements as of December 31, 2022 and 2021 and for the years then ended have been prepared by the Company in accordance with accounting principles generally accepted in the United States and pursuant to the rules and regulations of the Securities and Exchange Commission, including Form 10-K and Regulation S-K. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. These consolidated financial statements include the accounts of the Company and its subsidiaries, the Operating Partnership and its subsidiaries, and SPE LLC. All significant intercompany balances and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents on the accompanying consolidated balance sheets include all cash and liquid investments with initial maturities of three months or less. Cash and cash equivalents as of December 31, 2022 and 2021 consisted of demand deposits at commercial banks. We maintain accounts which may from time to time exceed federally insured limits. We have not experienced any losses in these accounts and believe that the Company is not exposed to any significant credit risk and regularly monitors the financial stability of these financial institutions. As of December 31, 2022 and 2021, the Company had a bank overdraft at two financial institutions totaling $5,666,000 and $2,710,000, respectively. The overdraft is recorded as a liability in accounts payable and accrued expenses on the consolidated balance sheets. Restricted Cash Restricted cash on the accompanying consolidated balance sheets consists of amounts escrowed for future real estate taxes, insurance, capital expenditures and debt service reserves, as required by certain of our mortgage debt agreements. As of December 31, 2022 and 2021, the Company had a restricted cash balance of $24,088,000 and $18,972,000, respectively. Financial Instruments The accompanying consolidated balance sheets include the following financial instruments: cash and cash equivalents, accrued rent and accounts receivable, notes payable, accounts payable and accrued expenses and balances due to/due from related parties, related party notes receivable, and derivatives. With the exception of derivative financial instruments, the Company considers the carrying value of these financial instruments to approximate their respective fair values due to their short-term nature. Disclosure about the fair value of financial instruments is based on relevant information available as of December 31, 2022 and 2021. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Under our SASB loan, we are required to enter into an interest rate cap agreement. The interest rate cap is recorded at fair value on the consolidated balance sheets as an other asset. We have elected not to apply hedge accounting and the change in fair value of the the interest rate cap is recognized as a component of interest expense on the accompanying statements of operations. Revenue Recognition The Company's leases are accounted for as operating leases. Certain leases provide for tenant occupancy during periods for which no rent is due and/or for increases or decreases in the minimum lease payments over the terms of the leases. Revenue is recognized on a straight-line basis over the terms of the individual leases. Revenue recognition under a lease begins when the tenant takes possession of or controls the physical use of the leased space. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The Company's accrued rents are included in accrued rent and accounts receivable, net. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. The Company’s revenue is primarily derived from leasing activities, which is specifically excluded from ASC 606, Revenue from Contracts with Customers ("ASC 606"). The Company’s rental revenue is also comprised of tenant reimbursements for real estate taxes, insurance, common area maintenance, and operating expenses. Reimbursements from real estate taxes and certain other expenses are also excluded from ASC 606 and accounted for under ASC 842 - Leases. The Company elected to utilize the practical expedient provided by Accounting Standards Update (“ASU”) 2018-11 related to the separation of lease and non-lease components and as a result, rental revenues related to leases are reported on one line in the presentation within the consolidated statements of operations. In addition to our rental income, the Company also earns fee revenues by providing certain management and advisory services to related parties. These fees are accounted for within the scope of ASC 606 and are recorded as management and advisory income on the consolidated statements of operations. These services primarily include asset management and advisory, operating and leasing of properties, and construction management. These services are currently provided under various combinations of advisory agreements, property management agreements, and other service agreements (the "Management Agreements"). The wide variety of duties within the Management Agreements makes determining the performance obligations within the contracts a matter of judgment. We have concluded that each of the separately disclosed fee types in the below table represents a separate performance obligation within the Management Agreements. Fee Performance Obligation Satisfied Timing of Payment Description Property Management Over time Due monthly The Company provides property management services on a contractual basis for owners of and investors in office and retail properties. The Company is compensated for our services through a monthly management fee earned based on a fixed fee. We are also often reimbursed for our administrative and payroll costs directly attributable to the properties under management. Revenue is recognized at the end of each month. Property Leasing and Property Acquisition Services Point in time (upon close of a transaction) Upon completion The Company provides strategic advice and execution for owners, investors, and occupiers of real estate in connection with the leasing of office and retail space. The Company is compensated for our services in the form of a commission and, in some instances may earn various forms of variable incentive consideration. Commission is paid upon the occurrence of certain contractual event. For leases, the Company typically satisfies its performance obligation at a point in time when control is transferred. Revenue is recognized in an amount equal to the fees charged by unaffiliated persons rendering comparable services. For acquisitions, our commission is typically paid at the closing date of sale, which represents transfer of control of services to the customer. Asset Management Over time Due monthly The Company earns asset management advisory fees on a recurring, monthly basis for certain properties. The Company is compensated on a monthly basis based on a fixed percentage of respective asset value. Construction Management Point in time (upon close of project) Upon completion Construction management services are performed on a contractual basis for owners of an investors in office and retail properties. The Company is compensated for its services upon completion of a project, when its performance obligation has been completed. Due to the nature of the services being provided under our Management Agreements, each performance obligation has a variable component. Therefore, when we determine the transaction price for the contracts, we are required to constrain our estimate to an amount that is not probable of significant revenue reversal. For most of these fee types, such as acquisition fees and leasing commissions, compensation only occurs if a transaction takes place and the amount of compensation is dependent upon the terms of the transaction. For our property and asset management fees, due to the large number and broad range of possible consideration amounts, we calculate the amount earned at the end of each month. Real Estate Allocation of Purchase Price of Acquired Assets Upon the acquisition of real properties, it is the Company’s policy to allocate the purchase price of properties to acquired tangible assets, consisting of land and buildings, and identified intangible assets and liabilities, consisting of the value of above-market and below-market leases, other value of in-place leases and leasehold improvements and value of tenant relationships, based in each case on their fair values. The Company utilizes internal valuation methods to determine the fair values of the tangible assets of an acquired property (which includes land and buildings). The fair values of above-market and below-market in-place lease values, including below-market renewal options for which renewal has been determined to be reasonably assured, are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) an estimate of fair market lease rates for the corresponding in-place leases and below-market renewal options, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease. The above-market and below-market lease and renewal option values are capitalized as intangible lease assets or liabilities and amortized as an adjustment of rental revenue over the remaining expected terms of the respective leases. The fair values of in-place leases include direct costs associated with obtaining a new tenant, opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease, and tenant relationships. Direct costs associated with obtaining a new tenant include commissions, tenant improvements, and other direct costs and are estimated based on independent appraisals and management’s consideration of current market costs to execute a similar lease. These direct costs are included in intangible lease assets and are amortized to expense over the remaining terms of the respective leases. The value of opportunity costs is calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. Customer relationships are valued based on expected renewal of a lease or the likelihood of obtaining a particular tenant for other locations. These intangibles are included in real estate assets in the consolidated balance sheets and are being amortized to expense over the remaining term of the respective leases. The determination of the fair values of the assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, discount rates and other variables. The use of inaccurate estimates would result in an incorrect assessment of the purchase price allocations, which could impact the amount of the Company’s reported net income (loss). Real Estate Joint Ventures and Partnerships To determine the method of accounting for partially owned real estate joint ventures and partnerships, management determines whether an entity is a variable interest entity ("VIE") and, if so, determines which party is the primary beneficiary by analyzing whether we have both the power to direct the entity’s significant economic activities and the obligation to absorb potentially significant losses or receive potentially significant benefits. Significant judgments and assumptions inherent in this analysis include the design of the entity structure, the nature of the entity’s operations, future cash flow projections, the entity’s financing and capital structure, and contractual relationships and terms. We consolidate a VIE when we have determined that we are the primary beneficiary. Primary risks associated with our involvement with our VIEs include the potential funding of the entities’ debt obligations or making additional contributions to fund the entities’ operations or capital activities. Partially owned, non-variable interest real estate joint ventures and partnerships over which we have a controlling financial interest are consolidated in our consolidated financial statements. In determining if we have a controlling financial interest, we consider factors such as ownership interest, authority to make decisions, kick-out rights and substantive participating rights. Partially owned real estate joint ventures and partnerships where we do not have a controlling financial interest, but have the ability to exercise significant influence, are accounted for using the equity method. Management continually analyzes and assesses reconsideration events, including changes in the factors mentioned above, to determine if the consolidation or equity method treatment remains appropriate. Depreciation and amortization Depreciation is computed using the straight-line method over the estimated useful lives of 5 to 39 years for buildings and improvements. Tenant improvements are depreciated using the straight-line method over the lesser of the life of the improvement or the remaining term of the lease. In-place leases are amortized using the straight-line method over the weighted average years remaining calculated on terms of all of the leases in-place when acquired. Impairment The Company reviews its real estate assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of the assets, including accrued rental income, may not be recoverable through operations. The Company determines whether an impairment in value has occurred by comparing the estimated future cash flows (undiscounted and without interest charges), including the estimated residual value of the property, with the carrying cost of the property. If impairment is indicated, a loss will be recorded for the amount by which the carrying value of the property exceeds its fair value. Projections of expected future cash flows require management to estimate future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, discount rates, the number of months it takes to re-lease the property and the number of years the property is held for investment. The use of inaccurate assumptions in the future cash flow analysis would result in an incorrect assessment of the property’s future cash flow and fair value and could result in the overstatement of the carrying value of the Company’s real estate and related intangible assets and net income. Fair Value Measurement Fair value measures are classified into a three-tiered fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets. Level 2: Directly or indirectly observable inputs, other than quoted prices in active markets. Level 3: Unobservable inputs in which there is little or no market data, which require a reporting entity to develop its own assumptions. Assets and liabilities measured at fair value are based on one or more of the following valuation techniques: Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. Cost approach: Amount required to replace the service capacity of an asset (replacement cost). Income approach: Techniques used to convert future amounts to a single amount based on market expectations (including present-value, option-pricing, and excess-earnings models). The Company’s estimates of fair value were determined using available market information and appropriate valuation methods. Considerable judgment is necessary to interpret market data and develop estimated fair value. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts. The Company classifies assets and liabilities in the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. Recurring fair value measurements: The carrying values of cash and cash equivalents, restricted cash, accrued rent and accounts receivable, other assets and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. For our disclosure of debt instrument fair value in Note 8, we use a discounted cash flow analysis based on borrowing rates currently available to the Company for loans with similar terms and maturities, discounting the future contractual interest and principal payments (categorized within Level 2 of the fair value hierarchy). For our disclosure of interest rate cap derivative fair value, refer to Note 6. Fair value determination of the interest rate cap derivative is based on Level 2 inputs. Nonrecurring fair value measurements: Property Impairments The Company reviews its real estate assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of the assets, including accrued rental income, may not be recoverable through operations. Our estimated fair values are determined by utilizing cash flow models, market capitalization rates and market discount rates, obtaining third-party broker valuation estimates, or appraisals (categorized within Level 3 of the fair value hierarchy). Accrued Rent and Accounts Receivable, net Accrued rent and accounts receivable includes base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. An allowance for the uncollectible portion of accrued rent and accounts receivable is determined based upon customer credit-worthiness (including expected recovery of the Company’s claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. Deferred Leasing Commissions Costs, net Leasing commissions are amortized using the straight-line method over the term of the related lease agreements. Goodwill GAAP requires the Company to test goodwill for impairment at least annually or more frequently whenever events or circumstances occur indicating goodwill might be impaired. The Company applies a one-step quantitative assessment to determine if the estimated fair value is less than the carrying amount. If the carrying amount exceeds the estimated fair value, the Company will record a goodwill impairment equal to such excess, not to exceed the total amount of goodwill. No goodwill impairment has been recognized in the accompanying consolidated financial statements. Noncontrolling Interests Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, the Company has reported noncontrolling interests in equity on the consolidated balance sheets but separate from the Company's equity. On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Stock-Based Compensation The Company follows ASC 718 - Compensation - Stock Compensation, with regard to issuance of stock in payment of services. ASC 718 requires that compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. The compensation cost is measured based on the estimated grant date fair value, as of the grant date of the Company’s common stock, of the equity or liability instruments issued. Stock-based compensation expense are recorded over the vesting period and is included in general and administrative expense in the accompanying consolidated statements of operations. Income Taxes The Company has elected to be treated as a REIT under the Internal Revenue Code of 1986, as amended, beginning with its taxable year ended December 31, 2011. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the Company’s annual REIT taxable income to stockholders (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, the Company generally will not be subject to federal income tax on income that it distributes as dividends to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially and adversely affect the Company’s net income and net cash available for distribution to stockholders; however, the Company believes that it is organized and will continue to operate in such a manner as to qualify for treatment as a REIT. For the years ended December 31, 2022 and 2021, the Company incurred a net loss of $38,031,000 and $12,933,000, respectively. The Company formed a taxable REIT subsidiary which may generate future taxable income which may be offset by the net loss carry forward. The Company considers that any deferred tax benefit and corresponding deferred tax asset which may be recorded in light of the net loss carry forward would be properly offset by an equal valuation allowance. Accordingly, no deferred tax benefit or deferred tax asset has been recorded in the consolidated financial statements. The Company is required to recognize in its consolidated financial statements the financial effects of a tax position only if it is determined that it is more likely than not that the tax position will not be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Management has reviewed the Company’s tax positions and is of the opinion that material positions taken by the Company would more likely than not be sustained upon examination. Accordingly, the Company has not recognized a liability related to uncertain tax positions. Income (Loss) Per Share The computations of basic and diluted income (loss) per common share are based upon the weighted average number of common shares outstanding and potentially dilutive securities. The Company’s potentially dilutive securities include preferred shares that are convertible into the Company’s common stock. As of December 31, 2022 and 2021, there were no shares issuable in connection with these potentially dilutive securities. These potentially dilutive securities were excluded from the computations of diluted net income (loss) per share for the years ended December 31, 2022 and 2021 because no shares were issuable. Concentration of Risk The geographic concentration of the Company’s real estate assets makes it susceptible to adverse economic developments in the State of Texas. Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, relocation of businesses, increased competition or any other changes, could adversely affect the Company’s operating results and its ability to make distributions to stockholders. The product type concentration in office space, which accounts for approximately 71% of our base rental revenue for the year ended December 31, 2022, is susceptible to any negative trends in the future demand for office space. Going Concern Evaluation Pursuant to ASC 205-40, “Presentation of Financial Statements – Going Concern,” management is required to evaluate the Company’s ability to continue as a going concern within one year after the date that these consolidated financial statements are issued. The Hartman SPE, LLC loan agreement (the “SASB Loan”) had an initial maturity date of October 9, 2020.The SASB Loan provides for three successive one-year maturity date extensions. On October 9, 2022, SPE LLC executed the third and final maturity date option to extend the maturity to October 9, 2023. The October 9, 2023 SASB Loan maturity date is within one year of the issuance of these consolidated financial statements. Uncertainty as to the Company's ability to obtain financing to satisfy the existing SASB Loan obligation requires management to conclude, in accordance with guidance provided by ASU 2014-15, that there is a substantial doubt about the Company's ability to continue as a going concern within one year of the issuance date of these consolidated financial statements. The Company is working with our third party advisor on refinancing options that align with a range of strategic alternatives under evaluation. Management believes that the SASB Loan Borrower will be able to obtain financing to replace the SASB Loan prior to the October 9, 2023 maturity date, however, no assurances can be given that the Company will be successful in achieving a refinance. The Company's ability to continue as a going concern is dependent upon the Company's ability to refinance the SASB Loan prior to the maturity date. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instrument s — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The updated guidance requires measurement and recognition of expected credit losses for financial assets, including trade and other receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This is different from the current guidance as this will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets. Generally, the pronouncement requires a modified retrospective method of adoption. This guidance is effective for fiscal years and interim periods within those years beginning after January 2023, with early adoption permitted. The Company does not expect the adoption of ASU 2016-13 to have a material impact on the consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective for all entities as of March 12, 2020 through December 31, 2022. An entity can elect to apply the amendments as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to that date that the financial statements are available to be issued. In October 2022, the FASB approved a two-year extension of the temporary accounting relief provided under ASU 2020-04 to December 31, 2024. For the period from January 1, 2020 (the earliest date the Company may elect to apply ASU 2020-04) through December 31, 2022, the Company did not have any contract modifications impacting current reference rates. The Company's SASB Loan and derivative instrument use LIBOR as the current reference rate. The optional expedients for hedging relationships described in ASU 2020-04 are not expected to have an impact to the Company as the Company has elected to not designate its derivative instrument as a hedge. Correction of an Immaterial Error During the fourth quarter of 2022, the Company identified an error related to the number of outstanding shares of its common stock. Subsequent to the Merger Agreements referenced in Note 1 (Organization and Business), shares of the 401(k) Profit Sharing Plan were not appropriately eliminated. Shares contributed to the plan are mandatory redeemable upon separation and thus recorded as a liability. Additionally, immaterial share count corrections were made to shares converted via the Merger Agreements.

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Real Estate	Real Estate The Company's real estate assets consisted of the following, in thousands: December 31, 2022 2021 Land $ 132,533 $ 146,056 Buildings and improvements 352,060 372,868 In-place lease value intangible 96,009 101,661 580,602 620,585 Less accumulated depreciation and amortization (189,509) (173,040) Total real estate assets, net $ 391,093 $ 447,545 Depreciation expense for the years ended December 31, 2022 and 2021 was $19,789,000 and $18,588,000, respectively. The Company identifies and records the value of acquired lease intangibles at the property acquisition date. Such intangibles include the value of acquired in-place leases and above and below-market leases. Acquired lease intangibles are amortized over the leases' remaining terms. With respect to all properties owned by the Company, the Company considers all of the in-place leases to be market rate leases. The amount of total in-place lease intangible asset and the respective accumulated amortization are as follows, in thousands: December 31, 2022 2021 In-place lease value intangible $ 96,009 $ 101,661 Less: In-place leases – accumulated amortization (89,926) (87,608) Acquired lease intangible assets, net $ 6,083 $ 14,053 The estimated aggregate future amortization amounts from acquired lease intangibles are as follows, in thousands: December 31, In-place lease amortization 2023 $ 6,083 Total $ 6,083 Amortization expense for the year ended December 31, 2022 and 2021 was $7,182,000 and $8,138,000, respectively. As of December 31, 2022 and 2021, we owned or held a majority interest in 44 commercial properties comprising approximately 6.8 million square feet plus four pad sites and two land developments, all located in Texas. As of December 31, 2022 and 2021, we owned 15 properties located in Richardson, Arlington, and Dallas, Texas, 26 properties located in Houston, Texas and three properties located in San Antonio, Texas. Real Estate Held for Development The Company's investment in real estate assets held for development consists of one pad site development in progress acquired from HIREIT. Real Estate Held for Sale The Company's Real Estate Held for Sale includes both land developments referenced above, the Mitchelldale property, and the Quitman property. The 17 acre development site located in Fort Worth, Texas was sold on January 31, 2023, the Mitchelldale property was sold on March 10, 2023, and the Quitman property was sold on April 6, 2023 . Refer to Note 16 (Subsequent Events) for additional information. Impairments Impairment of Real Estate Assets The Company tests for impairment whenever changes in circumstances indicate a building’s carrying value may not be recoverable. Considering the conditions surrounding the Company's potential asset reposition, current expectations exist that a number of real estate assets will be sold or otherwise disposed of before the end of their useful lives. As a result of these circumstances and impairment analysis, the Company determined that the carrying values of 8 properties held and used for the year ended December 31, 2022 were not recoverable. As a result, the Company recorded impairment charges of $24,145,000 for the year ended December 31, 2022. Impairment of Real Estate Assets Held for Sale During the fourth quarter of 2022, the Company accepted an offer on its 17 acre development site located in Fort Worth, Texas for a sale price of $4,525,000. The sale closed on January 31, 2023. Because the carrying value of the development site exceeded the net sale proceeds (including selling costs), the Company recorded a $2,340,000 impairment charge for the year ended December 31, 2022.

Accrued Rent and Accounts Recei

Accrued Rent and Accounts Receivable, net	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Accrued Rent and Accounts Receivable, net	Accrued Rent and Accounts Receivable, net Accrued rent and accounts receivable, net, consisted of the following, in thousands: December 31, 2022 2021 Tenant receivables $ 11,617 $ 5,803 Accrued rent 11,118 11,355 Accrued interest receivable - related party — 849 Allowance for uncollectible accounts (6,228) (4,769) Accrued rents and accounts receivable, net $ 16,507 $ 13,238 As of December 31, 2022 and 2021, the Company had an allowance for uncollectible accounts of $6,228,000 and $4,769,000, respectively. For the years ended December 31, 2022 and 2021, the Company recorded bad debt expense of $1,498,000 and $397,000, respectively, related to tenant receivables that we have specifically identified as potentially uncollectible based on the Company’s assessment of each tenant’s credit-worthiness. Bad debt expenses and any related recoveries are included in property operating expenses in the accompanying consolidated statements of operations.

Deferred Leasing Commission Cos

Deferred Leasing Commission Costs, net	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Leasing Commission Costs, net	Deferred Leasing Commission Costs, net Costs which have been deferred consist of the following, in thousands: December 31, 2022 2021 Deferred leasing commissions $ 21,244 $ 20,347 Less: accumulated amortization (11,418) (9,860) Deferred leasing commission costs, net $ 9,826 $ 10,487

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments On October 5, 2022, the Company entered into an interest rate cap agreement with respect to the $259 million SASB Loan through the maturity date of October 9, 2023. The agreement capped the underlying one-month LIBOR rate at 3.75%. The Company has elected not to apply hedge accounting and the change in fair value of the the interest rate cap is recognized as a component of interest expense on the accompanying consolidated statements of operations. The counterparty under the interest rate cap is a major financial institution. The Company paid a premium of $2,254,000 for the interest rate cap. As of December 31, 2022, the fair value of this cap was $2,351,000 and included in other assets in the Company's consolidated balance sheets. The Company recognized $98,000 of interest income from paid and accrued counterparty payments and $97,000 of gain from change in fair value of the interest rate cap during the year ended December 31, 2022. These amounts are recorded as a component of interest expense on the accompanying consolidated statement of operations. The fair value of this interest rate cap is determined using observable inputs other than quoted prices in active markets, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. These inputs are considered Level 2 inputs in the fair value hierarchy. In addition, any credit valuation adjustments are considered in the fair values to account for potential nonperformance risk to the extent they would be significant inputs to the calculation. It was determined that credit valuation adjustments were not considered to be significant inputs.

Future Minimum Rents

Future Minimum Rents	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Future Minimum Rents	Future Minimum Rents The Company leases to the majority its tenants under noncancellable operating leases which provide for minimum base rentals. A summary of minimum future rentals to be received (exclusive of renewals, tenant reimbursements, and contingent rentals) under noncancellable operating leases in existence at December 31, 2022 is as follows, in thousands: December 31, Minimum Future Rents 2023 $ 65,358 2024 52,900 2025 37,862 2026 27,324 2027 19,032 Thereafter 27,499 Total $ 229,975

Notes Payable, net

Notes Payable, net	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Notes Payable, net	Notes Payable, net The Operating Partnership is a party to four, cross-collateralized, term loan agreements with an insurance company. The term loans are secured by the Richardson Heights Property, the Cooper Street Property, the Bent Tree Green Property and the Mitchelldale Property. The loans require monthly payments of principal and interest due and payable on the first day of each month. Monthly payments are based on a 27-year loan amortization. Each of the loan agreements are subject to customary covenants, representations and warranties which must be maintained during the term of the loan agreements. Each of the loan agreements provides for a fixed interest rate of 4.61%. Each of the loan agreements are secured by a deed of trust, assignment of licenses, permits and contracts, assignment and subordination of the management agreements and assignment of rents. The terms of the security instruments provide for the cross collateralization/cross default of the each of the loans. The outstanding balance of the four loans was $39,324,000 and $40,724,000 as of December 31, 2022 and 2021, respectively. Refer to Note 16 (Subsequent Events) for information regarding retirement of the term loans. On October 1, 2018, the Company through SPE LLC and Goldman Sachs Mortgage Company entered into a $259,000,000 term loan agreement. The Company together with its affiliates HIREIT, Hartman XIX and vREIT XXI, contributed a total of 39 commercial real estate properties ("Properties") to the SASB Loan Borrower in exchange for membership interests in SPE LLC. The term of the SASB loan is comprised of an initial two-year term with three one-year extension options. Each extension option shall be subject to certain conditions precedent including (i) no default then outstanding, (ii) 30 days prior written notice, (iii) the properties must have a specified in-place net operating income debt yield and (iv) purchase of an interest rate cap as described below for the exercised option term or terms. The outstanding principal of the SASB loan bears interest at the one-month LIBOR rate plus 1.8%. The SASB Loan is subject to an interest rate cap arrangement which caps LIBOR at 3.75% during each term of the SASB Loan. On October 9, 2022, the SASB Loan Borrower exercised the third and final one-year maturity date extension agreement to extend the maturity date to October 9, 2023. The SASB Loan contains various customary covenants, including but not limited to financial covenants, covenants requiring monthly deposits in respect of certain property costs, such as taxes, insurance, tenant improvements, and leasing commissions, covenants imposing restrictions on indebtedness and liens, and restrictions on investments and participation in other asset disposition, merger or business combination or dissolution transactions. The SASB Loan is secured by, among other things, mortgages on the Properties. The Company is the sole guarantor. On October 19, 2022, the SASB Loan Borrower received a notice from the loan servicer of the SASB Loan in connection with an event of default due to the noncompliance with the loan agreement's insurance requirements relating to a single property. The event of default was previously waived for the sole purpose of exercising the option to extend the SASB Loan term. The event of default triggers cash management provisions under the SASB Loan agreement, which was implemented in November 2022. Cash management requires tenant receipts of the SASB Loan Borrower be deposited into a cash management account controlled by the loan servicer. On the 9th day of each month, distributions from the cash management account are made in the following priority: (i) property tax escrow, (ii) scheduled debt service (iii) budgeted operating expenses for the month of the payment date occurs, (iv) capital expenditure reserve, and (v) tenant improvement and lease commission reserve. All remaining amounts are disbursed to an excess cash flow reserve account, also maintained by the loan servicer. As of December 31, 2022, the SASB cash management account and excess cash flow reserve held $3,817,000 and $223,000, respectively, and are recorded in restricted cash on the December 31, 2022 consolidated balance sheet. On February 10, 2022, the Company executed a $2,645,000 promissory note with East West Bank, resulting in net proceeds of $2,528,000. The promissory note is secured by the Company's 17 acre development site located in Fort Worth, Texas and is payable in monthly installments of principal and interest until the maturity date of February 25, 2023. Refer to Note 16 (Subsequent Events) for information regarding retirement of the promissory note. Refer to Note 11 (Related Party Transactions) for information regarding the Company's unsecured promissory note with Hartman vREIT XXI, Inc. The following is a summary of the mortgage notes payable, in thousands: December 31, Property/Facility Payment (1) Maturity Date Rate 2022 2021 Richardson Heights P&I July 1, 2041 4.61 % $ 15,556 $ 16,144 Cooper Street P&I July 1, 2041 4.61 % 6,764 6,995 Bent Tree Green P&I July 1, 2041 4.61 % 6,764 6,995 Mitchelldale P&I July 1, 2041 4.61 % 10,240 10,590 Hartman SPE LLC (1) IO October 9, 2023 5.55 % 259,000 259,000 Hartman XXI IO October 31, 2022 10.00 % 17,168 6,012 Fort Worth - EWB P&I February 25, 2023 8.50 % 480 — $ 315,972 $ 305,736 Less unamortized deferred loan costs (1,112) (1,959) $ 314,860 $ 303,777 (1) On October 9, 2022, the Company executed the third and final one-year maturity date extension to October 9, 2023. Annual maturities of notes payable as of December 31, 2022 are as follows, in thousands: December 31, Amount Due 2023 $ 278,087 2024 1,507 2025 1,578 2026 1,652 2027 1,730 Thereafter 31,418 Total $ 315,972 The Company’s loan costs are amortized using the straight-line method over the term of the loans, which approximates the interest method. Costs which have been deferred consist of the following, in thousands: December 31, 2022 2021 Deferred loan costs $ 5,471 $ 5,399 Less: deferred loan cost accumulated amortization (4,359) (3,440) Total cost, net of accumulated amortization $ 1,112 $ 1,959 Interest expense incurred for the year ending December 31, 2022 and 2021 was $13,033,000 and $8,454,000, respectively, which includes amortization expense of deferred loan costs of $919,000 and $930,000, respectively. Interest expense of $1,117,000 and $315,000 was payable as of December 31, 2022 and 2021, respectively, and is included in accounts payable and accrued expenses in the accompanying consolidated balance sheets. On March 29, 2021, Hartman Income REIT Property Holdings, LLC ("HIRPH"), a wholly owned subsidiary of Hartman XX Limited Partnership, LP, was added, by means of a joinder agreement, to a master credit facility agreement where Hartman vREIT XXI, Inc. is the guarantor. The Company’s Atrium II office property was added to the collateral security for the master credit facility agreement where the borrowing base of the facility increased by $1,625,000. The master credit facility has a maturity date of March 9, 2023 and is currently in an extension period at the time of issuance of these consolidated financial statements. Refer to Note 14 (Commitments and Contingencies) for additional information regarding the review of the ownership of HIRPH's membership interest resulting from the joinder agreement. Fair Value of Debt The fair value of the Company’s fixed rate notes payable, variable rate notes payable and secured revolving credit facilities aggregates to $308,286,000 and $310,271,000 as compared to book value of $315,972,000 and $305,736,000 as of December 31, 2022 and 2021, respectively. The fair value of our debt instruments is estimated on a Level 2 basis, as provided by ASC 820, using a discounted cash flow analysis based on the borrowing rates currently available to the Company for loans with similar terms and maturities, discounting the future contractual interest and principal payments. Disclosure about the fair value of notes payable is based on relevant information available as of December 31, 2022 and 2021.

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share Basic (loss) income per share is computed using net (loss) income attributable to common stockholders and the weighted average number of common shares outstanding. Diluted weighted average shares outstanding reflect common shares issuable from the assumed conversion of convertible preferred stock into common shares. Only those items that have a dilutive impact on basic (loss) per share are included in the diluted loss per share. December 31, 2022 2021 Numerator: Net loss attributable to common stockholders (in thousands) $ (36,248) $ (12,336) Denominator: Weighted average number of common shares outstanding, basic and diluted (in thousands) 34,991 35,202 Basic and diluted loss per common share: Net loss attributable to common stockholders per share $ (1.04) $ (0.35)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Federal income taxes are not provided for because we qualify as a REIT under the provisions of the Internal Revenue Code and because we have distributed and intend to continue to distribute all of our taxable income to our stockholders. Our stockholders include their proportionate taxable income in their individual tax returns. As a REIT, we must distribute at least 90% of our real estate investment trust taxable income to our stockholders and meet certain income sources and investment restriction requirements. In addition, REITs are subject to a number of organizational and operational requirements. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates. The Company’s federal income tax returns for the years ended December 31, 2015, 2016, 2017, 2018, 2019 and 2020 have not been examined by the Internal Revenue Service. The Company’s federal income tax return for the year ended December 31, 2016 may be examined on or before September 15, 2023. The Company has formed a taxable REIT subsidiary which may generate future taxable income which may be offset by the net loss carry forward. The Company considers that any deferred tax benefit and corresponding deferred tax asset which may be recorded in the light of the net loss carry forward would be properly offset by an equal valuation allowance. Accordingly, no deferred tax benefit or deferred tax asset has been recorded in the consolidated financial statements. The Company is required to recognize in its consolidated financial statements the financial effects of a tax position only if it is determined that it is more likely than not that the tax position will not be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Management has reviewed the Company’s tax positions and is of the opinion that material positions taken by the Company would more likely than not be sustained upon examination. Accordingly, the Company has not recognized a liability related to uncertain tax positions. Taxable income (loss) differs from net income (loss) for financial reporting purposes principally due to differences in the timing of recognition of interest, real estate taxes, depreciation and amortization and rental revenue. For federal income tax purposes, the cash distributed to stockholders was characterized as follows for the years ended December 31: 2022 2021 Ordinary income (unaudited) 73.4 % 40.4 % Return of capital (unaudited) 26.6 % 59.6 % Total 100.0 % 100.0 % A provision for Texas Franchise tax under the Texas Margin Tax Bill in the amount of $532,000 and $857,000 was recorded in the consolidated financial statements for the years ended December 31, 2022 and 2021, respectively, with a corresponding charge to real estate taxes and insurance.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Hartman Advisors LLC ("Advisor"), is a Texas limited liability company. Advisor is the sole member of Hartman vREIT XXI Advisor, LLC ("XXI Advisor"), which is the advisor for Hartman vREIT XXI, Inc. Hartman vREIT XXI, Inc. ("vREIT XXI") pays acquisition fees and asset management fees to the Advisor in connection with the acquisition of properties and management of the Company. vREIT XXI pays property management and leasing commissions to the Property Manager in connection with the management and leasing of vREIT XXI's properties. The table below shows the related party balances the Company is owed by, in thousands: December 31, 2022 2021 Due from (to) vREIT XXI $ 429 $ — Due from (to) other related parties 1,285 115 $ 1,714 $ 115 During the fourth quarter of 2019, the Company borrowed under an unsecured promissory note payable to Hartman vREIT XXI, Inc., an affiliate of the Advisor and the Property Manager, in the face amount of $10,000,000 with an interest rate of 10%. In addition to the balance due under this note, the Company received advances from vREIT XXI totaling $7,168,000 which were outstanding as of December 31, 2022 and which were not covered by the unsecured promissory note. The total balance of $17,168,000 and $6,012,000 as of December 31, 2022 and 2021, respectively has been included in Notes Payable - related party on the accompanying consolidated balance sheets. The Company recognized interest expense on the affiliate note in the amount of $1,233,000 and $505,000 for the years ended December 31, 2022 and 2021, respectively, which is included in interest expense in the accompanying consolidated statements of operations. In May 2016, the Company, through its taxable REIT subsidiary, Hartman TRS, Inc. (“TRS”), loaned $7,231,000 pursuant to a promissory note in the face amount of up to $8,820,000 to Hartman Retail II Holdings Company, Inc. (“Retail II Holdings”), an affiliate of the Advisor and the Property Manager, in connection with the acquisition of a retail shopping center by Hartman Retail II DST, a Delaware statutory trust sponsored by the Property Manager. Pursuant to the terms of the promissory note, TRS will receive a two percent (2)% origination fee of amounts advanced under the promissory note, and interest at ten percent (10)% per annum on the outstanding principal balance. The outstanding principal balance of the promissory note will be repaid as investor funds are raised by Hartman Retail II DST or upon property sale. The maturity date of the promissory note, as amended, is June 30, 2024. This note receivable had an outstanding balance of $1,726,000 as of December 31, 2022 and 2021, respectively, which is included in Notes receivable – related party in the accompanying consolidated balance sheets. The Company has determined that it's unlikely it will recover unpaid interest due on the loan and wrote off $1,022,000 of interest receivable for the year ended December 31, 2022 and will cease to recognize interest income in future periods. For the year ended December 31, 2021, the Company recognized interest income on this affiliate note of $173,000. “VIEs” are defined as entities with a level of invested equity that is not sufficient to fund future operations on a stand-alone basis, or whose equity holders lack certain characteristics of a controlling financial interest. For identified VIEs, an assessment must be made to determine which party to the VIE, if any, has both the power to direct the activities of the VIE that most significantly impacts the performance of the VIE and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company is not deemed to be the primary beneficiary of Hartman North Freeway Retail Holdings, LLC ("Retail Holdings"), Retail II Holdings, Hartman Retail III Holdings Company, Inc. ("Retail III Holdings") or Hartman Ashford Bayou SPE, LLC ("Ashford Bayou"), each of which qualifies as a VIE. Accordingly, the assets and liabilities and revenues and expenses of Retail Holdings, Retail II Holdings, Retail III Holdings and Ashford Bayou have not been included in the accompanying consolidated financial statements. The Company is a covenant guarantor for the secured mortgage indebtedness of each of the VIEs in the total amount of $24,276,000 and $24,748,000 as December 31, 2022 and 2021, respectively. On March 29, 2021, Hartman Income REIT Property Holdings, LLC, a wholly owned subsidiary of Hartman XX Limited Partnership, LP, was added, by means of a joinder agreement, to a master credit facility agreement where vREIT XXI is the guarantor. The Company’s Atrium II office property was added to the collateral security for the master credit facility agreement where the borrowing base of the facility increased by $1,625,000. The master credit facility has a maturity date of March 9, 2023 and is currently in an extension period at the time of issuance of these consolidated financial statements. Refer to Note 14 (Commitments and Contingencies) for additional information regarding the review of the ownership of HIRPH's membership interest resulting from the joinder agreement. Hartman vREIT XXI owns 1,198,228 shares of the Company's common stock and a 2.47% ownership interest in Hartman SPE, LLC. During the year ended December 31, 2022, the Company, the Advisor, and the Property Manager (collectively the "Settlement Parties") settled amounts owed to Hartman vREIT XXI with amounts owed by Hartman vREIT XXI to the Settlement Parties. The settlement resulted in the reduction of $795,000 of interest payable and reduction of $1,740,000 in principal of the unsecured promissory note owed to Hartman vREIT XXI in exchange for the reduction of $2,535,000 in unpaid advisory and management fees owed from Hartman vREIT XXI. The settlement reflected balances through the third quarter of 2022. No such settlement was reached for balances through the fourth quarter of 2022.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Under the articles of incorporation, the Company has authority to issue 750,000,000 common shares of beneficial interest, $0.001 par value per share, and 200,000,000 preferred shares of beneficial interest, $0.001 par value per share. Common Stock Shares of common stock entitle the holders to one vote per share on all matters which stockholders are entitled to vote, to receive dividends and other distributions as authorized by the Company’s board of directors in accordance with the Maryland General Corporation Law and to all rights of a stockholder pursuant to the Maryland General Corporation Law. The common stock has no preferences or preemptive, conversion or exchange rights. Preferred Stock Under the Company’s articles of incorporation the Company’s board of directors has the authority to issue one or more classes or series of preferred stock, and prior to the issuance of such stock, the board of directors has the power to classify or reclassify, in one or more series, any unissued shares and designate the preferences, rights and privileges of such shares. As of December 31, 2022 and 2021, the Company has 1,000 shares of convertible preferred stock issued and outstanding, 300 shares of which are owned by a wholly-owned subsidiary. Common Stock Issuable Upon Conversion of Convertible Preferred Stock The convertible preferred stock issued to the Advisor will convert to shares of common stock if (1) the Company has made total distributions on then outstanding shares of the Company’s common stock equal to the issue price of those shares plus a 6% cumulative, non-compounded, annual return on the issue price of those outstanding shares, (2) the Company lists its common stock for trading on a national securities exchange if the sum of prior distributions on then outstanding shares of the Company’s common stock plus the aggregate market value of the Company’s common stock (based on the 30-day average closing price) meets the same 6% performance threshold, or (3) the Company’s advisory agreement with Hartman Advisors, LLC expires without renewal or is terminated (other than because of a material breach by the Advisor), and at the time of such expiration or termination the Company is deemed to have met the foregoing 6% performance threshold based on the Company’s enterprise value and prior distributions and, at or subsequent to the expiration or termination, the stockholders actually realize such level of performance upon listing or through total distributions. In general, the convertible stock will convert into shares of common stock with a value equal to 15% of the excess of the Company’s enterprise value plus the aggregate value of distributions paid to date on then outstanding shares of common stock over the aggregate issue price of those outstanding shares plus a 6% cumulative, non-compounded, annual return on the issue price of those outstanding shares. With respect to conversion in connection with the termination of the advisory agreement, this calculation is made at the time of termination even though the actual conversion may occur later, or not at all. Stock-Based Compensation On July 26, 2022, the Board approved cash payments totaling $400,000 in lieu of unissued shares due to non-employee directors under the non-employee director's compensation plan. The Incentive Plan that provides for the issuance of the restricted common stock awards to non-employee director has expired and requires stockholder approval for modification or reinstatement. All non-employee director compensation will be cash based until incentive stock is available. The Company sponsors a defined contribution pension plan, the Hartman 401(k) Profit Sharing Plan, covering substantially all of its full-time employees who are at least 21 years of age. The Company matches 401(k) cash contributions with Company stock. The Company recognized $505,000 and $467,000 for employee 401(k) matching contributions as stock based compensation for the years ended December 31, 2022 and 2021, respectively. Stock-based compensation expense is included in general and administrative expenses in the accompanying consolidated statements of operations. Distributions The following table reflects the total distributions the Company has paid in cash (in thousands, except per share amounts) and the amount through the distribution reinvestment plan, including paid per common share, in each indicated quarter: Quarter Paid Distributions per Common Share Total Distributions Paid 2022 4th Quarter $ — $ — 3rd Quarter — — 2nd Quarter 0.128 4,500 1st Quarter 0.112 3,958 Total $ 0.240 $ 8,458 2021 4th Quarter $ 0.112 $ 3,927 3rd Quarter 0.104 3,662 2nd Quarter 0.092 3,246 1st Quarter 0.087 3,082 Total $ 0.395 $ 13,917

Incentive Awards Plan

Incentive Awards Plan	12 Months Ended
	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
Incentive Awards Plan	Incentive Awards PlanThe Company previously adopted an incentive plan called the Omnibus Stock Incentive Plan, (the “Incentive Plan”) that provides for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, deferred stock awards, restricted stock awards, dividend equivalent rights and other stock-based awards within the meaning of Internal Revenue Code Section 422, or any combination of the foregoing. The Incentive Plan has expired pursuant to its terms and requires stockholder approval for modification or reinstatement. The Board approved the payment of accrued director's fees in cash, as stock compensation was not available.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation During February 2021, the state of Texas experienced a severe winter storm, unofficially referred to as Winter Storm Uri, which resulted in power outages and electrical grid failures across the state. Wholesale prices for electricity increased significantly during this period. As a result, we experienced a substantial increase in electricity billings for a number of our properties during the month of and after the storm. On May 26, 2021, Summer Energy LLC (“Summer”) filed a lawsuit against Hartman Income REIT Management, Inc. (the “Property Manager”), a wholly owned subsidiary of the Company that manages our properties, in state court in Harris County, Texas. In this lawsuit, Summer seeks to collect approximately $8.4 million from the Property Manager that Summer claims that the Property Manager owes Summer under one or more electricity sales agreements (“Agreements”) related to Winter Storm Uri. Of the approximately $8.4 million claimed in the lawsuit, approximately $7.6 million relates to wholly owned properties of the Company. Under the Agreements, Summer provided electricity to buildings managed by the Property Manager at indexed prices. On March 24, 2022, the court entered a judgment in favor of Summer against the Property Manager in the amount of $7,871,000 plus customary pre- and post-judgment interest and attorney's fees.The Company had recognized the share of the judgment amount applicable to wholly owned properties of the Company, approximately $6,731,000, within the Company's consolidated statements of operations for fiscal year 2021. The Company has also recognized $370,000 of pre-judgment interest and attorney fees in 2021 and $304,000 of post-judgment interest in 2022. Many of the Company’s leases contain provisions that require tenants to pay their allocable share of operating expenses, including utilities. The Company began its assessment of tenants' applicable share during 2022. For those properties with completed assessments, we've collected and recognized $667,000 of tenant's share during the fourth quarter of 2022. On April 25, 2022, the Property Manager filed its supersedeas surety bond totaling $2,197,000 in order to suspend enforcement the judgment for the duration of the Property Manager's appeal. The share of the supersedeas surety bond applicable to wholly owned properties of the Company totaled $2,001,000 and is recorded in prepaid expenses and other assets on the Company's consolidated balance sheets. The Property Manager continues to dispute the amount of litigation to Summer and had appeal the judgment, filing its Notice of Appeal on June 21, 2022. The outcome of the appeal is subject to significant uncertainty and we cannot provide any assurance that the Property Manager will ultimately prevail. Even if the Property Manager is ultimately successful in its appeal, it may take considerable time to resolve the matter. Atrium II Joinder Agreement Through the execution of the joinder agreement referenced in Note 8 (Notes Payable) and Note 11 (Related Party Transactions), certain organizational and loan documents reference Hartman vREIT XXI Operating Partnership LP (“Hartman XXI OP”), a wholly owned subsidiary of Hartman vREIT XXI, Inc., as the sole member of HIRPH, which wholly owns the Atrium II property. There is neither an executed agreement to convey the Atrium II property nor a completed assignment of HIRPH’s membership interest to Hartman XXI OP. Under the joinder agreement, HIRPH became a borrower under the loan and is jointly and severally liable with the other loan parties for the repayment of the loan. The Atrium II property is the sole asset of HIRPH with which to repay any debt under the loan. The loan is currently in an extension period to accommodate ongoing renewal terms. The outstanding balance of the loan which HIRPH is party totals $15,625,000. There are four other properties as named borrowers in the loan. If a renewal agreement is not reached, the Company may be required to relinquish ownership of the property to the lender in a foreclosure transaction or other alternative to foreclosure in satisfaction of the loan. The Company’s max potential loss in regards to its liability under the loan would be the value of the property. Considering there are four other properties in the loan, loss of full property value is remote. Charter provision regarding liquidity or liquidation The Company does not anticipate that there will be any market for its shares of common stock unless they are listed on a national securities exchange. In the event that Company shares of common stock are not listed or traded on an established securities exchange prior to the tenth anniversary of the completion or termination of the Company's initial public offering, which terminated on April 25, 2013, the Company's charter requires that the board of directors must seek the approval of the stockholders of a plan to liquidate assets, unless the board of directors has obtained the approval of the stockholders (1) to defer the liquidation of our assets or (2) of an alternate strategy. If the stockholders do not approve the proposal presented by the board of directors prior to the end of ten years after the termination of the Company’s initial public offering, the board of directors shall begin the process of liquidating the Company’s assets or listing the Company’s shares. The Executive Committee has adopted resolutions directing management to begin the process of listing the Company’s shares on an established securities exchange, and it is taking steps to accomplish the listing, including without limitation engaging the services of an investment bank to assist with the listing. On October 14, 2022, the Company’s board of directors formed the Executive Committee, composed of independent directors, to continue the review of strategic alternatives with the objective of maximizing shareholder value and to streamline the communicating, reporting, and decision-making between the board and the Chief Executive Officer. To accomplish this objective and to communicate and manage the day-to-day communications and interactions with the Chief Executive Officer, the Executive Committee has all the authority of decision making of the whole board of directors. The Executive Committee performed a strategic review process to identify, examine, and consider a range of strategic alternatives available to the Company. On April 6, 2023, the Executive Committee of the board of directors approved the previously-announced New Direction Plans to reposition the Company's assets into the self-storage asset class and away from office, retail, and light industrial assets. The Executive Committee is in the process of carrying out the New Direction Plans with the objective of maximizing shareholder value.

Defined Contribution Plan

Defined Contribution Plan	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Defined Contribution Plan	Defined Contribution PlanThe Company sponsors a defined contribution pension plan, the Hartman 401(k) Profit Sharing Plan, covering substantially all of its full-time employees who are at least 21 years of age. Participants may annually contribute up to 100% of pretax annual compensation and any applicable catch-up contributions, as defined in the plan and subject to deferral limitations as set forth in Section 401(k) of the Internal Revenue Code. Participants may also contribute amounts representing distributions from other qualified benefit or defined contribution plans. The Company may make discretionary matching contributions. For the year ended December 31, 2022 and 2021 the Company matched $505,000 and $467,000 in the form of Company stock, respectively. For the year ended December 31, 2022 and 2021, the Company recognized $311,000 and $1,011,000 of plan income due to change in estimate in the Company's stock match liability to the plan. The Company had a stock match liability to the plan of $1,808,000 and $1,613,000 as of December 31, 2022 and 2021, respectively.

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent events	Subsequent events On January 31, 2023, the Company completed the sale of its 17 acre development site located in Fort Worth, Texas for a sale price of $4,525,000. Proceeds from the sale retired the term loan secured by the property. The property is presented in real estate held for sale on the December 31, 2022 consolidated balance sheet and the Company recognized a $2,340,000 impairment in the 2022 consolidated statement of operations as a result of the final contract price. On February 14, 2023, the Company received notice from Hartman XXI terminating their property management and advisory agreements with the Company. Once the termination is effective, the Company will no longer provide management and advisory services to Hartman XXI and its subsidiaries. The termination is set to be effective 60 days after the receipt of notice. On March 10, 2023, the Company completed the sale of its Mitchelldale property for a sale price of $40,510,000. Proceeds from the sale retired four, cross collateralized term loans secured by the Richardson Heights property, the Cooper Street property, the Bent Tree Green property, and the Mitchelldale Property. The property is presented in real estate held for sale on the December 31, 2022 consolidated balance sheet. On March 10, 2023, the Executive Committee of the board of directors removed Allen Hartman as Executive Chairman and terminated the agreement between the Company and Allen Hartman. The Executive Committee investigated issues related to certain violations of fiduciary and other duties to the Company by Mr. Hartman which has not concluded. Mr. Hartman remains a director on the Company’s Board. On April 6, 2023, the Company completed the sale of its Quitman property for a sale price for a sale price of $9,065,000. Proceeds from the sale were applied to the outstanding balance of the SASB Loan. The property is presented in real estate held for sale on the December 31, 2022 consolidated balance sheet. The disposal of the Quitman property granted us a one time waiver of event of default on the SASB Loan, subject to certain conditions. Most notably, the Company does have access to certain reserve accounts, however is still subject to cash management provisions until a 14% debt yield is reached. On April 6, 2023, the Company agreed to purchase all of the equity interests in Southern Star Self-Storage Investment Company ("Southern Star") for approximately $3,000,000 in cash and 301,659 restricted stock units of the Company's Common Stock. Mark T. Torok and Louis T. Fox III, CFO, are equity holders of Southern Star. On May 5, 2023, the Company completed the acquisition of Southern Star, which will operate as a subsidiary of the Company’s operating partnership alongside the Company’s current operations, utilizing its expertise in developing assets within Delaware Statutory Trusts. On April 6, 2023, the Executive Committee and Managing General Partner of Hartman XX Limited Partnership, our operating partnership, approved and adopted the Silver Star Properties REIT, Inc. and Hartman XX Limited Partnership 2023 Incentive Award Plan (the “2023 Incentive Award Plan”) to promote the success and enhance the value of the Company by retaining personnel that have the knowledge vision and ability not only with the Company but also in the capital markets as further described in the Employment Agreement included as Exhibit 10.3 to the Company’s Form 8-K filed April 10, 2023. The 2023 Incentive Award Plan recognizes that the entire Acquisition and the New Direction Plans were set up by the work and effort of the Chief Executive Officer and the Committee, and it further serves to incentivize and retain the Chief Executive Officer and the Committee, together, to execute the New Direction Plans and enable the Company and its shareholders to realize the value created by the New Direction Plans. The 2023 Incentive Award Plan allows for grants of performance units (“Performance Units”) which are intended to constitute profits interests units in the operating partnership convertible into Partnership Common Units of the operating partnership at the election of the participant which may be later exchanged for Common Stock of the Company based on a 1:1 ratio. The participant is also able to cause the redemption of the Performance Units, or the applicable Partnership Common Units received as a result of conversion, after three years from the Grant Date. The 2023 Incentive Award Plan includes a three-year vesting that is intended to ensure that the Committee and the Chief Executive Officer will stay in place and provide continued services to the Company. On April 6, 2023, pursuant to the 2023 Incentive Award Plan, the Committee approved grants of founders’ Performance Units to retain and incentivize the following members of the Committee in carrying out the New Direction Plans, as defined below: Gerald Haddock, member of the Committee, (1,053,035 Performance Units), Jack Tompkins, member of the Committee, (1,053,035 Performance Units), and James Still, member of the Committee, (1,053,035 Performance Units). Performance Units vest 1/3 of the grant per year, and the term of each Performance Unit is ten (10) years from the date of grant as further described in the 2023 Incentive Award Plan included as Exhibit 10.4 to the Company’s Form 8-K filed April 10, 2023. The Executive Committee engaged a third-party compensation consultant to assist in determining the compensation structure for the Executive Committee and to evaluate their compensation relative to the marketplace. Mark Torok tendered his resignation as Chief Executive Officer of Silver Star Properties REIT, Inc. (the “Company”) citing personal reasons, effective April 28, 2023, Mr. Torok’s resignation as Chief Executive Officer was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Also effective April 28, 2023, the Executive Committee of Board of Directors of the Company appointed David Wheeler to serve as the Company’s Interim President and has elevated the role and duties of Michael Racusin, General Counsel and Secretary. A search is underway to identify a permanent CEO with self-storage experience. The Executive Committee of the Board of Directors has retained a nationally recognized executive search firm to assist in the process.

Schedule III - Real Estate Asse

Schedule III - Real Estate Assets and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate Assets and Accumulated Depreciation and Amortization	(Dollars in thousands) Initial Cost to the Company Property Date Acquired Date of Construction Land Building and Improvements In-place lease value intangible Total Post – acquisition Improvements (1) Garden Oaks 10/01/2018 1956 $ 1,770 $ 17,969 $ 1,021 $ 20,760 $ 1,623 Quitman 10/01/2018 1920 3,130 2,389 351 5,870 803 Chelsea Square 10/01/2018 1984 1,570 5,046 494 7,110 (273) Mission Centre 10/01/2018 1987 2,020 7,690 890 10,600 373 Regency 10/01/2018 1979 960 819 851 2,630 997 Spring Valley 10/01/2018 1982 3,490 1,064 1,066 5,620 1,866 Northeast Square 10/01/2018 1984 1,300 3,330 280 4,910 250 One Mason 10/01/2018 1983 2,440 9,290 1,130 12,860 310 Tower 10/01/2018 1981 2,750 2,584 1,336 6,670 2,067 Preserve 10/01/2018 1970 9,730 9,085 3,485 22,300 8 Westheimer 10/01/2018 1983 3,800 12,416 2,284 18,500 (143) Walzem Plaza 10/01/2018 1981 3,900 10,660 1,840 16,400 1,433 11811 North Freeway 10/01/2018 1982 1,980 1,037 2,473 5,490 1,120 Atrium I 10/01/2018 1980 2,540 716 1,494 4,750 932 Atrium II 07/01/2020 1980 958 1,345 1,264 3,567 2,943 North Central Plaza 10/01/2018 1982 2,330 14,511 2,959 19,800 (940) 3100 Timmons 10/01/2018 1975 10,330 3,543 1,427 15,300 1,764 Central Park 10/01/2018 1984 730 2,851 989 4,570 370 601 Sawyer 10/01/2018 1982 3,360 12,796 1,144 17,300 2,268 Prestonwood 10/01/2018 1999 7,410 13,895 1,695 23,000 432 Harwin 10/01/2018 1992 1,960 3,041 279 5,280 (145) Fondren 10/01/2018 2004 1,650 7,326 1,004 9,980 379 Cornerstone 10/01/2018 1984 1,110 1,620 920 3,650 678 Northchase 10/01/2018 1984 1,700 5,821 1,549 9,070 340 616 FM 1960 10/01/2018 1983 1,510 8,931 1,269 11,710 (3,969) Gateway 10/01/2018 1983 3,510 22,182 3,408 29,100 (7,605) Promenade 10/01/2018 1973-1979 5,750 12,671 1,579 20,000 1,186 400 North Belt 05/08/2015 1982 2,538 3,800 3,812 10,150 3,211 Commerce Plaza Hillcrest 05/01/2015 1977 6,500 1,031 3,869 11,400 3,658 Corporate Park Place 08/24/2015 1980 2,375 5,215 1,910 9,500 1,996 Skymark Tower 09/02/2015 1985 2,212 4,404 2,230 8,846 3,003 Ashford Crossing 07/31/2015 1983 2,650 4,240 3,710 10,600 3,288 Energy Plaza 12/30/2014 1983 4,403 6,840 6,367 17,610 4,818 Westway 06/01/2016 2001 5,410 11,276 4,950 21,636 1,598 Three Forest Plaza 12/22/2016 1983 8,910 18,186 8,558 35,654 6,239 Parkway Plaza I & II 03/15/2013 1982 2,373 4,765 2,352 9,490 3,862 Gulf Plaza 03/11/2014 1979-1980 3,488 6,005 4,457 13,950 293 Timbercreek 12/30/2014 1984 724 962 1,211 2,897 955 Copperfield 12/30/2014 1986 605 760 1,054 2,419 854 One Technology 11/10/2015 1984 4,894 8,558 6,123 19,575 2,156 Richardson Heights 12/28/2010 1958-1962 4,788 10,890 3,472 19,150 7,724 Bent Tree Green 10/16/2012 1983 3,003 6,272 2,740 12,015 4,082 Cooper Street 05/11/2012 1992 2,653 5,768 2,192 10,613 636 Mitchelldale Business Park 06/13/2014 1977 4,794 9,816 4,565 19,175 4,139 Total $ 146,008 $ 303,416 $ 102,053 $ 551,477 $ 61,579 (1) Amounts include impact of impairments taken. SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION DECEMBER 31, 2022 (Dollars in thousands) Gross Carrying Amount at December 31, 2022 Property Land Building and Improvements (1) In-place lease value intangible (1) Total Accumulated Depreciation & Amortization Net Book Carrying Value Encumbrances Garden Oaks $ 1,770 $ 19,592 $ 1,021 $ 22,383 $ (3,727) $ 18,656 10,379 Quitman 3,130 3,191 351 6,672 (643) 6,029 2,935 Chelsea Square 1,355 4,997 484 6,836 (1,325) 5,511 3,555 Mission Centre 2,020 8,063 890 10,973 (2,274) 8,699 5,300 Regency 960 1,815 852 3,627 (1,445) 2,182 1,315 Spring Valley 3,490 2,930 1,066 7,486 (2,546) 4,940 2,810 Northeast Square 1,300 3,579 280 5,159 (840) 4,319 2,455 One Mason 2,440 9,600 1,130 13,170 (2,510) 10,660 6,430 Tower 2,750 4,651 1,335 8,736 (2,390) 6,346 3,335 Preserve 8,244 10,659 3,405 22,308 (5,991) 16,317 11,148 Westheimer 3,050 13,091 2,217 18,358 (5,041) 13,317 9,249 Walzem Plaza 3,900 12,093 1,840 17,833 (4,497) 13,336 8,200 11811 N Freeway 1,980 2,157 2,473 6,610 (3,187) 3,423 2,744 Atrium I 2,540 1,648 1,494 5,682 (2,149) 3,533 2,375 Atrium II 1,006 4,240 1,264 6,510 (1,451) 5,059 — North Central 1,842 14,152 2,866 18,860 (5,745) 13,115 9,899 3100 Timmons 10,330 5,306 1,428 17,064 (2,709) 14,355 7,650 Central Park 730 3,220 989 4,939 (1,658) 3,281 2,285 601 Sawyer 3,360 15,064 1,144 19,568 (3,271) 16,297 8,649 Prestonwood 7,410 14,328 1,695 23,433 (3,722) 19,711 11,498 Harwin 1,960 2,895 279 5,134 (773) 4,361 2,640 Fondren 1,650 7,704 1,005 10,359 (2,683) 7,676 4,990 Cornerstone 1,110 2,298 920 4,328 (1,515) 2,813 1,825 Northchase 1,459 6,435 1,516 9,410 (2,940) 6,470 4,535 616 FM 1960 1,204 5,640 896 7,740 (2,126) 5,614 5,855 Gateway 2,194 16,364 2,936 21,494 (6,114) 15,380 14,549 Promenade 5,750 13,858 1,578 21,186 (3,864) 17,322 9,999 400 North Belt 2,538 7,011 3,812 13,361 (7,137) 6,224 6,500 Commerce Plaza 6,500 4,689 3,869 15,058 (6,626) 8,432 7,150 Corporate Park 2,375 7,210 1,910 11,495 (4,195) 7,300 4,825 Skymark Tower 2,212 7,408 2,230 11,850 (4,791) 7,059 6,450 Ashford Crossing 2,650 7,528 3,710 13,888 (6,705) 7,183 5,150 Energy Plaza 4,403 11,659 6,367 22,429 (10,006) 12,423 8,400 Westway 5,410 12,875 4,951 23,236 (7,814) 15,422 11,399 Three Forest 8,913 24,423 8,557 41,893 (15,475) 26,418 24,348 Parkway Plaza 2,372 8,628 2,352 13,352 (6,368) 6,984 5,200 Gulf Plaza 2,688 7,098 4,457 14,243 (6,981) 7,262 5,700 Timbercreek 724 1,916 1,211 3,851 (2,092) 1,759 1,485 Copperfield 605 1,618 1,054 3,277 (1,749) 1,528 1,890 One Technology 4,893 10,714 6,123 21,730 (9,625) 12,105 13,899 Richardson Heights 4,788 18,614 3,472 26,874 (11,311) 15,563 15,556 Bent Tree Green 3,003 10,353 2,740 16,096 (7,569) 8,527 6,764 Cooper Street 2,653 6,404 2,192 11,249 (4,698) 6,551 6,764 Mitchelldale 4,794 13,955 4,565 23,314 (9,859) 13,455 10,240 Corporate Adjustments (2) — (2,457) — (2,457) 126 (2,331) $ — Total $ 140,455 $ 369,216 $ 100,926 $ 610,597 $ (200,011) $ 410,586 $ 298,324 (2) Amounts consists of elimination of intercompany construction development fees charged by construction manager to real estate assets. The aggregate cost of real estate for federal income tax purposes was $642,488 (unaudited) as of December 31, 2022. SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION DECEMBER 31, 2022 Summary of activity for real estate assets for the years ended December 31, 2022 and 2021, in thousands: Years ended December 31, 2022 2021 Balance at beginning of period $ 620,585 $ 607,669 Additions during the period: Acquisitions — — Improvements 14,158 12,916 634,743 620,585 Provision for impairment 24,146 — Balance at end of period $ 610,597 $ 620,585

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements as of December 31, 2022 and 2021 and for the years then ended have been prepared by the Company in accordance with accounting principles generally accepted in the United States and pursuant to the rules and regulations of the Securities and Exchange Commission, including Form 10-K and Regulation S-K. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the operating results for the respective periods.
Consolidation	These consolidated financial statements include the accounts of the Company and its subsidiaries, the Operating Partnership and its subsidiaries, and SPE LLC. All significant intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents on the accompanying consolidated balance sheets include all cash and liquid investments with initial maturities of three months or less. Cash and cash equivalents as of December 31, 2022 and 2021 consisted of demand deposits at commercial banks. We maintain accounts which may from time to time exceed federally insured limits. We have not experienced any losses in these accounts and believe that the Company
Restricted Cash	Restricted Cash Restricted cash on the accompanying consolidated balance sheets consists of amounts escrowed for future real estate taxes, insurance, capital expenditures and debt service reserves, as required by certain of our mortgage debt agreements.
Financial Instruments	Financial Instruments The accompanying consolidated balance sheets include the following financial instruments: cash and cash equivalents, accrued rent and accounts receivable, notes payable, accounts payable and accrued expenses and balances due to/due from related parties, related party notes receivable, and derivatives. With the exception of derivative financial instruments, the Company considers the carrying value of these financial instruments to approximate their respective fair values due to their short-term nature. Disclosure about the fair value of financial instruments is based on relevant information available as of December 31, 2022 and 2021.
Revenue Recognition	Revenue Recognition The Company's leases are accounted for as operating leases. Certain leases provide for tenant occupancy during periods for which no rent is due and/or for increases or decreases in the minimum lease payments over the terms of the leases. Revenue is recognized on a straight-line basis over the terms of the individual leases. Revenue recognition under a lease begins when the tenant takes possession of or controls the physical use of the leased space. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purposes of this calculation. The Company's accrued rents are included in accrued rent and accounts receivable, net. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. The Company’s revenue is primarily derived from leasing activities, which is specifically excluded from ASC 606, Revenue from Contracts with Customers ("ASC 606"). The Company’s rental revenue is also comprised of tenant reimbursements for real estate taxes, insurance, common area maintenance, and operating expenses. Reimbursements from real estate taxes and certain other expenses are also excluded from ASC 606 and accounted for under ASC 842 - Leases. The Company elected to utilize the practical expedient provided by Accounting Standards Update (“ASU”) 2018-11 related to the separation of lease and non-lease components and as a result, rental revenues related to leases are reported on one line in the presentation within the consolidated statements of operations. In addition to our rental income, the Company also earns fee revenues by providing certain management and advisory services to related parties. These fees are accounted for within the scope of ASC 606 and are recorded as management and advisory income on the consolidated statements of operations. These services primarily include asset management and advisory, operating and leasing of properties, and construction management. These services are currently provided under various combinations of advisory agreements, property management agreements, and other service agreements (the "Management Agreements"). The wide variety of duties within the Management Agreements makes determining the performance obligations within the contracts a matter of judgment. We have concluded that each of the separately disclosed fee types in the below table represents a separate performance obligation within the Management Agreements. Fee Performance Obligation Satisfied Timing of Payment Description Property Management Over time Due monthly The Company provides property management services on a contractual basis for owners of and investors in office and retail properties. The Company is compensated for our services through a monthly management fee earned based on a fixed fee. We are also often reimbursed for our administrative and payroll costs directly attributable to the properties under management. Revenue is recognized at the end of each month. Property Leasing and Property Acquisition Services Point in time (upon close of a transaction) Upon completion The Company provides strategic advice and execution for owners, investors, and occupiers of real estate in connection with the leasing of office and retail space. The Company is compensated for our services in the form of a commission and, in some instances may earn various forms of variable incentive consideration. Commission is paid upon the occurrence of certain contractual event. For leases, the Company typically satisfies its performance obligation at a point in time when control is transferred. Revenue is recognized in an amount equal to the fees charged by unaffiliated persons rendering comparable services. For acquisitions, our commission is typically paid at the closing date of sale, which represents transfer of control of services to the customer. Asset Management Over time Due monthly The Company earns asset management advisory fees on a recurring, monthly basis for certain properties. The Company is compensated on a monthly basis based on a fixed percentage of respective asset value. Construction Management Point in time (upon close of project) Upon completion Construction management services are performed on a contractual basis for owners of an investors in office and retail properties. The Company is compensated for its services upon completion of a project, when its performance obligation has been completed. Due to the nature of the services being provided under our Management Agreements, each performance obligation has a variable component. Therefore, when we determine the transaction price for the contracts, we are required to constrain our estimate to an amount that is not probable of significant revenue reversal. For most of these fee types, such as acquisition fees and leasing commissions, compensation only occurs if a transaction takes place and the amount of compensation is dependent upon the terms of the transaction. For our property and asset management fees, due to the large number and broad range of possible consideration amounts, we calculate the amount earned at the end of each month.
Real Estate	Real Estate Allocation of Purchase Price of Acquired Assets Upon the acquisition of real properties, it is the Company’s policy to allocate the purchase price of properties to acquired tangible assets, consisting of land and buildings, and identified intangible assets and liabilities, consisting of the value of above-market and below-market leases, other value of in-place leases and leasehold improvements and value of tenant relationships, based in each case on their fair values. The Company utilizes internal valuation methods to determine the fair values of the tangible assets of an acquired property (which includes land and buildings). The fair values of above-market and below-market in-place lease values, including below-market renewal options for which renewal has been determined to be reasonably assured, are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (a) the contractual amounts to be paid pursuant to the in-place leases and (b) an estimate of fair market lease rates for the corresponding in-place leases and below-market renewal options, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease. The above-market and below-market lease and renewal option values are capitalized as intangible lease assets or liabilities and amortized as an adjustment of rental revenue over the remaining expected terms of the respective leases. The fair values of in-place leases include direct costs associated with obtaining a new tenant, opportunity costs associated with lost rentals which are avoided by acquiring an in-place lease, and tenant relationships. Direct costs associated with obtaining a new tenant include commissions, tenant improvements, and other direct costs and are estimated based on independent appraisals and management’s consideration of current market costs to execute a similar lease. These direct costs are included in intangible lease assets and are amortized to expense over the remaining terms of the respective leases. The value of opportunity costs is calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease. Customer relationships are valued based on expected renewal of a lease or the likelihood of obtaining a particular tenant for other locations. These intangibles are included in real estate assets in the consolidated balance sheets and are being amortized to expense over the remaining term of the respective leases. The determination of the fair values of the assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, discount rates and other variables. The use of inaccurate estimates would result in an incorrect assessment of the purchase price allocations, which could impact the amount of the Company’s reported net income (loss). Real Estate Joint Ventures and Partnerships To determine the method of accounting for partially owned real estate joint ventures and partnerships, management determines whether an entity is a variable interest entity ("VIE") and, if so, determines which party is the primary beneficiary by analyzing whether we have both the power to direct the entity’s significant economic activities and the obligation to absorb potentially significant losses or receive potentially significant benefits. Significant judgments and assumptions inherent in this analysis include the design of the entity structure, the nature of the entity’s operations, future cash flow projections, the entity’s financing and capital structure, and contractual relationships and terms. We consolidate a VIE when we have determined that we are the primary beneficiary. Primary risks associated with our involvement with our VIEs include the potential funding of the entities’ debt obligations or making additional contributions to fund the entities’ operations or capital activities. Partially owned, non-variable interest real estate joint ventures and partnerships over which we have a controlling financial interest are consolidated in our consolidated financial statements. In determining if we have a controlling financial interest, we consider factors such as ownership interest, authority to make decisions, kick-out rights and substantive participating rights. Partially owned real estate joint ventures and partnerships where we do not have a controlling financial interest, but have the ability to exercise significant influence, are accounted for using the equity method. Management continually analyzes and assesses reconsideration events, including changes in the factors mentioned above, to determine if the consolidation or equity method treatment remains appropriate. Depreciation and amortization Depreciation is computed using the straight-line method over the estimated useful lives of 5 to 39 years for buildings and improvements. Tenant improvements are depreciated using the straight-line method over the lesser of the life of the improvement or the remaining term of the lease. In-place leases are amortized using the straight-line method over the weighted average years remaining calculated on terms of all of the leases in-place when acquired. Impairment The Company reviews its real estate assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of the assets, including accrued rental income, may not be recoverable through operations. The Company determines whether an impairment in value has occurred by comparing the estimated future cash flows (undiscounted and without interest charges), including the estimated residual value of the property, with the carrying cost of the property. If impairment is indicated, a loss will be recorded for the amount by which the carrying value of the property exceeds its fair value. Projections of expected future cash flows require management to estimate future market rental income amounts subsequent to the expiration of current lease agreements, property operating expenses, discount rates, the number of months it takes to re-lease the property and the number of years the property is held for investment. The use of inaccurate assumptions in the future cash flow analysis would result in an incorrect assessment of the property’s future cash flow and fair value and could result in the overstatement of the carrying value of the Company’s real estate and related intangible assets and net income.
Fair Value Measurement	Fair Value Measurement Fair value measures are classified into a three-tiered fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets. Level 2: Directly or indirectly observable inputs, other than quoted prices in active markets. Level 3: Unobservable inputs in which there is little or no market data, which require a reporting entity to develop its own assumptions. Assets and liabilities measured at fair value are based on one or more of the following valuation techniques: Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. Cost approach: Amount required to replace the service capacity of an asset (replacement cost). Income approach: Techniques used to convert future amounts to a single amount based on market expectations (including present-value, option-pricing, and excess-earnings models). The Company’s estimates of fair value were determined using available market information and appropriate valuation methods. Considerable judgment is necessary to interpret market data and develop estimated fair value. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts. The Company classifies assets and liabilities in the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. Recurring fair value measurements: The carrying values of cash and cash equivalents, restricted cash, accrued rent and accounts receivable, other assets and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. For our disclosure of debt instrument fair value in Note 8, we use a discounted cash flow analysis based on borrowing rates currently available to the Company for loans with similar terms and maturities, discounting the future contractual interest and principal payments (categorized within Level 2 of the fair value hierarchy). For our disclosure of interest rate cap derivative fair value, refer to Note 6. Fair value determination of the interest rate cap derivative is based on Level 2 inputs. Nonrecurring fair value measurements: Property Impairments The Company reviews its real estate assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of the assets, including accrued rental income, may not be recoverable through operations. Our estimated fair values are determined by utilizing cash flow models, market capitalization rates and market discount rates, obtaining third-party broker valuation estimates, or appraisals (categorized within Level 3 of the fair value hierarchy).
Accrued Rent and Accounts Receivable, net	Accrued Rent and Accounts Receivable, net Accrued rent and accounts receivable includes base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. An allowance for the uncollectible portion of accrued rent and accounts receivable is determined based upon customer credit-worthiness (including expected recovery of the Company’s claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends.
Deferred Leasing Commission Costs, net	Deferred Leasing Commissions Costs, net Leasing commissions are amortized using the straight-line method over the term of the related lease agreements.
Goodwill	Goodwill GAAP requires the Company to test goodwill for impairment at least annually or more frequently whenever events or circumstances occur indicating goodwill might be impaired. The Company applies a one-step quantitative assessment to determine if the estimated fair value is less than the carrying amount. If the carrying amount exceeds the estimated fair value, the Company will record a goodwill impairment equal to such excess, not to exceed the total amount of goodwill. No goodwill impairment has been recognized in the accompanying consolidated financial statements.
Noncontrolling Interests	Noncontrolling Interests Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, the Company has reported noncontrolling interests in equity on the consolidated balance sheets but separate from the Company's equity. On the
Stock-Based Compensation	Stock-Based Compensation The Company follows ASC 718 - Compensation - Stock Compensation, with regard to issuance of stock in payment of services. ASC 718 requires that compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. The compensation cost is measured based on the estimated grant date fair value, as of the grant date of the Company’s common stock, of the equity or liability instruments issued. Stock-based compensation expense are recorded over the vesting period and is included in general and administrative expense in the accompanying consolidated statements of operations.
Income Taxes	Income Taxes The Company has elected to be treated as a REIT under the Internal Revenue Code of 1986, as amended, beginning with its taxable year ended December 31, 2011. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of the Company’s annual REIT taxable income to stockholders (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, the Company generally will not be subject to federal income tax on income that it distributes as dividends to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially and adversely affect the Company’s net income and net cash available for distribution to stockholders; however, the Company believes that it is organized and will continue to operate in such a manner as to qualify for treatment as a REIT. For the years ended December 31, 2022 and 2021, the Company incurred a net loss of $38,031,000 and $12,933,000, respectively. The Company formed a taxable REIT subsidiary which may generate future taxable income which may be offset by the net loss carry forward. The Company considers that any deferred tax benefit and corresponding deferred tax asset which may be recorded in light of the net loss carry forward would be properly offset by an equal valuation allowance. Accordingly, no deferred tax benefit or deferred tax asset has been recorded in the consolidated financial statements. The Company is required to recognize in its consolidated financial statements the financial effects of a tax position only if it is determined that it is more likely than not that the tax position will not be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Management has reviewed the Company’s tax positions and is of the opinion that material positions taken by the Company would more likely than not be sustained upon examination. Accordingly, the Company has not recognized a liability related to uncertain tax positions.
Income (Loss) Per Share	Income (Loss) Per Share
Concentration of Risk	Concentration of RiskThe geographic concentration of the Company’s real estate assets makes it susceptible to adverse economic developments in the State of Texas. Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, relocation of businesses, increased competition or any other changes, could adversely affect the Company’s operating results and its ability to make distributions to stockholders. The product type concentration in office space, which accounts for approximately 71% of our base rental revenue for the year ended December 31, 2022, is susceptible to any negative trends in the future demand for office space.
Going Concern Evaluation	Going Concern Evaluation Pursuant to ASC 205-40, “Presentation of Financial Statements – Going Concern,” management is required to evaluate the Company’s ability to continue as a going concern within one year after the date that these consolidated financial statements are issued. The Hartman SPE, LLC loan agreement (the “SASB Loan”) had an initial maturity date of October 9, 2020.The SASB Loan provides for three successive one-year maturity date extensions. On October 9, 2022, SPE LLC executed the third and final maturity date option to extend the maturity to October 9, 2023.
Recently Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instrument s — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The updated guidance requires measurement and recognition of expected credit losses for financial assets, including trade and other receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This is different from the current guidance as this will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets. Generally, the pronouncement requires a modified retrospective method of adoption. This guidance is effective for fiscal years and interim periods within those years beginning after January 2023, with early adoption permitted. The Company does not expect the adoption of ASU 2016-13 to have a material impact on the consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective for all entities as of March 12, 2020 through December 31, 2022. An entity can elect to apply the amendments as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to that date that the financial statements are available to be issued. In October 2022, the FASB approved a two-year extension of the temporary accounting relief provided under ASU 2020-04 to December 31, 2024.

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Real Estate Assets	The Company's real estate assets consisted of the following, in thousands: December 31, 2022 2021 Land $ 132,533 $ 146,056 Buildings and improvements 352,060 372,868 In-place lease value intangible 96,009 101,661 580,602 620,585 Less accumulated depreciation and amortization (189,509) (173,040) Total real estate assets, net $ 391,093 $ 447,545
Schedule of Total In-place Lease Intangible Assets and Accumulated Amortization	The amount of total in-place lease intangible asset and the respective accumulated amortization are as follows, in thousands: December 31, 2022 2021 In-place lease value intangible $ 96,009 $ 101,661 Less: In-place leases – accumulated amortization (89,926) (87,608) Acquired lease intangible assets, net $ 6,083 $ 14,053
Schedule of Aggregate Future Amortization Amounts From Acquired Lease Intangibles	The estimated aggregate future amortization amounts from acquired lease intangibles are as follows, in thousands: December 31, In-place lease amortization 2023 $ 6,083 Total $ 6,083

Accrued Rent and Accounts Rec_2

Accrued Rent and Accounts Receivable, net (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Accrued Rent and Accounts Receivable, net	Accrued rent and accounts receivable, net, consisted of the following, in thousands: December 31, 2022 2021 Tenant receivables $ 11,617 $ 5,803 Accrued rent 11,118 11,355 Accrued interest receivable - related party — 849 Allowance for uncollectible accounts (6,228) (4,769) Accrued rents and accounts receivable, net $ 16,507 $ 13,238

Deferred Leasing Commission C_2

Deferred Leasing Commission Costs, net (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Leasing Commission Costs, net	Costs which have been deferred consist of the following, in thousands: December 31, 2022 2021 Deferred leasing commissions $ 21,244 $ 20,347 Less: accumulated amortization (11,418) (9,860) Deferred leasing commission costs, net $ 9,826 $ 10,487

Future Minimum Rents (Tables)

Future Minimum Rents (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Maturity	A summary of minimum future rentals to be received (exclusive of renewals, tenant reimbursements, and contingent rentals) under noncancellable operating leases in existence at December 31, 2022 is as follows, in thousands: December 31, Minimum Future Rents 2023 $ 65,358 2024 52,900 2025 37,862 2026 27,324 2027 19,032 Thereafter 27,499 Total $ 229,975

Notes Payable, net (Tables)

Notes Payable, net (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Mortgage Notes Payable	The following is a summary of the mortgage notes payable, in thousands: December 31, Property/Facility Payment (1) Maturity Date Rate 2022 2021 Richardson Heights P&I July 1, 2041 4.61 % $ 15,556 $ 16,144 Cooper Street P&I July 1, 2041 4.61 % 6,764 6,995 Bent Tree Green P&I July 1, 2041 4.61 % 6,764 6,995 Mitchelldale P&I July 1, 2041 4.61 % 10,240 10,590 Hartman SPE LLC (1) IO October 9, 2023 5.55 % 259,000 259,000 Hartman XXI IO October 31, 2022 10.00 % 17,168 6,012 Fort Worth - EWB P&I February 25, 2023 8.50 % 480 — $ 315,972 $ 305,736 Less unamortized deferred loan costs (1,112) (1,959) $ 314,860 $ 303,777
Annual Maturities of Notes	Annual maturities of notes payable as of December 31, 2022 are as follows, in thousands: December 31, Amount Due 2023 $ 278,087 2024 1,507 2025 1,578 2026 1,652 2027 1,730 Thereafter 31,418 Total $ 315,972
Amortized Loan Costs	The Company’s loan costs are amortized using the straight-line method over the term of the loans, which approximates the interest method. Costs which have been deferred consist of the following, in thousands: December 31, 2022 2021 Deferred loan costs $ 5,471 $ 5,399 Less: deferred loan cost accumulated amortization (4,359) (3,440) Total cost, net of accumulated amortization $ 1,112 $ 1,959

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Only those items that have a dilutive impact on basic (loss) per share are included in the diluted loss per share. December 31, 2022 2021 Numerator: Net loss attributable to common stockholders (in thousands) $ (36,248) $ (12,336) Denominator: Weighted average number of common shares outstanding, basic and diluted (in thousands) 34,991 35,202 Basic and diluted loss per common share: Net loss attributable to common stockholders per share $ (1.04) $ (0.35)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Cash Distribution Percentage	For federal income tax purposes, the cash distributed to stockholders was characterized as follows for the years ended December 31: 2022 2021 Ordinary income (unaudited) 73.4 % 40.4 % Return of capital (unaudited) 26.6 % 59.6 % Total 100.0 % 100.0 %

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The table below shows the related party balances the Company is owed by, in thousands: December 31, 2022 2021 Due from (to) vREIT XXI $ 429 $ — Due from (to) other related parties 1,285 115 $ 1,714 $ 115

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Distributions Paid in Cash and Through Distribution Reinvestment Plan	The following table reflects the total distributions the Company has paid in cash (in thousands, except per share amounts) and the amount through the distribution reinvestment plan, including paid per common share, in each indicated quarter: Quarter Paid Distributions per Common Share Total Distributions Paid 2022 4th Quarter $ — $ — 3rd Quarter — — 2nd Quarter 0.128 4,500 1st Quarter 0.112 3,958 Total $ 0.240 $ 8,458 2021 4th Quarter $ 0.112 $ 3,927 3rd Quarter 0.104 3,662 2nd Quarter 0.092 3,246 1st Quarter 0.087 3,082 Total $ 0.395 $ 13,917

Organization and Business (Deta

Organization and Business (Details) ft² in Millions	Dec. 31, 2022 property	Dec. 31, 2022 ft²	Dec. 31, 2022 padSite	Dec. 31, 2022 land_development	Dec. 31, 2021 property	Dec. 31, 2021 ft²	Dec. 31, 2021 padSite	Dec. 31, 2021 land_development	Jul. 01, 2020	Oct. 01, 2018 USD ($) property
Schedule of Equity Method Investments [Line Items]
Number of real estate properties										39
Area of real estate | ft²						6.8
Advisor
Schedule of Equity Method Investments [Line Items]
Ownership percentage acquired									70%
Texas
Schedule of Equity Method Investments [Line Items]
Number of real estate properties			4	2			4	2
Commercial properties	44				44
Area of real estate | ft²		6.8
Richardson, Arlington and Dallas, Texas
Schedule of Equity Method Investments [Line Items]
Number of real estate properties	15				15
Houston, Texas
Schedule of Equity Method Investments [Line Items]
Number of real estate properties	26				26
San Antonio, Texas
Schedule of Equity Method Investments [Line Items]
Number of real estate properties	3				3
Hartman SPE, LLC | Variable Interest Entity, Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Number of real estate properties										39
Notes Payable to Banks | Hartman SPE, LLC
Schedule of Equity Method Investments [Line Items]
Debt instrument, face amount | $										$ 259,000,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)		12 Months Ended
	Oct. 01, 2018 extensionOption	Dec. 31, 2022 USD ($) property shares	Dec. 31, 2021 USD ($) shares
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Bank overdraft		$ 5,666,000,000	$ 2,710,000
Restricted cash		24,088,000	18,972,000
Goodwill impairment		0	0
Net loss		$ (38,031,000)	$ (12,933,000)
Antidilutive securities (in shares) | shares		0	0
Revenue Benchmark | Revenue from Rights Concentration Risk | Product
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Concentration risk, percentage		71%
SPE Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of extensions | property		3
Debt instrument, term, extension period		1 year
Notes Payable to Banks | Hartman SPE, LLC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of extensions | extensionOption	3
Buildings and Improvements | Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Useful life		5 years
Buildings and Improvements | Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Useful life		39 years

Real Estate - Real Estate Asset

Real Estate - Real Estate Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Land	$ 132,533	$ 146,056
Buildings and improvements	352,060	372,868
In-place lease value intangible	96,009	101,661
Total gross real estate assets	580,602	620,585
Less accumulated depreciation and amortization	(189,509)	(173,040)
Total real estate assets, net	$ 391,093	$ 447,545

Real Estate - Additional Inform

Real Estate - Additional Information (Details) $ in Thousands, ft² in Millions			12 Months Ended
	Apr. 06, 2023 USD ($)	Jan. 31, 2023 USD ($) a	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($) property	Dec. 31, 2022 ft²	Dec. 31, 2022 padSite	Dec. 31, 2022 land_development	Dec. 31, 2021 ft²	Dec. 31, 2021 padSite	Dec. 31, 2021 land_development	Oct. 01, 2018 property
Related Party Transaction [Line Items]
Depreciation expense | $			$ 19,789	$ 18,588
Amortization expense | $			$ 7,182	$ 8,138
Area of real estate | ft²								6.8
Number of real estate properties											39
Commercial properties not recoverable			8
Impairment of real estate assets | $			$ 24,145
Impairment of real estate, held-for-sale | $			$ 2,340
Subsequent Event
Related Party Transaction [Line Items]
Proceeds from sale of real estate | $	$ 9,065	$ 4,525
HIREIT Acquisition
Related Party Transaction [Line Items]
Number of real estate properties | padSite						1
Texas
Related Party Transaction [Line Items]
Commercial properties			44	44
Area of real estate | ft²					6.8
Number of real estate properties						4	2		4	2
Richardson, Arlington and Dallas, Texas
Related Party Transaction [Line Items]
Number of real estate properties			15	15
Houston, Texas
Related Party Transaction [Line Items]
Number of real estate properties			26	26
San Antonio, Texas
Related Party Transaction [Line Items]
Number of real estate properties			3	3
Fort Worth, Texas | Subsequent Event
Related Party Transaction [Line Items]
Area of real estate | a		17

Real Estate - In-Place Lease In

Real Estate - In-Place Lease Intangible Assets and Accumulated Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
In-place lease value intangible	$ 96,009	$ 101,661
Less: In-place leases – accumulated amortization	(89,926)	(87,608)
Acquired lease intangible assets, net	$ 6,083	$ 14,053

Real Estate - Future Amortizati

Real Estate - Future Amortization From Acquired Lease Intangibles (Details) - In-place leases $ in Thousands	Dec. 31, 2022 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
2023	$ 6,083
Total	$ 6,083

Accrued Rent and Accounts Rec_3

Accrued Rent and Accounts Receivable, net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Tenant receivables	$ 11,617	$ 5,803
Accrued rent	11,118	11,355
Accrued interest receivable - related party	0	849
Allowance for uncollectible accounts	(6,228)	(4,769)
Accrued rents and accounts receivable, net	$ 16,507	$ 13,238

Accrued Rent and Accounts Rec_4

Accrued Rent and Accounts Receivable, net - Additional (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Allowance for uncollectible accounts	$ 6,228	$ 4,769
Bad debt expense	$ 1,498	$ 397

Deferred Leasing Commission C_3

Deferred Leasing Commission Costs, net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred leasing commissions	$ 21,244	$ 20,347
Less: accumulated amortization	(11,418)	(9,860)
Deferred leasing commission costs, net	$ 9,826	$ 10,487

Derivative Financial Instrume_2

Derivative Financial Instruments (Details) - USD ($)		12 Months Ended
	Oct. 01, 2018	Dec. 31, 2022	Oct. 05, 2022
Interest Rate Cap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain on derivative		$ 97,000
Interest Rate Cap | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount		2,254,000
Derivative, fair value		2,351,000
Notes Payable to Banks | Hartman SPE, LLC
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, face amount	$ 259,000,000
Interest income		$ 98,000
Notes Payable to Banks | Hartman SPE, LLC | SASB Loan
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, face amount			$ 259,000,000
Notes Payable to Banks | Hartman SPE, LLC | LIBOR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Variable rate spread	1.80%
Notes Payable to Banks | Hartman SPE, LLC | LIBOR | SASB Loan
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Variable rate spread	3.75%

Future Minimum Rents (Details)

Future Minimum Rents (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 65,358
2024	52,900
2025	37,862
2026	27,324
2027	19,032
Thereafter	27,499
Total	$ 229,975

Notes Payable, net - Additional

Notes Payable, net - Additional Information (Details)			12 Months Ended
	Feb. 10, 2022 USD ($) acre	Oct. 01, 2018 USD ($) property extensionOption	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)	Mar. 29, 2021 USD ($)
Debt Instrument [Line Items]
Number of term loans outstanding | loan			4
Outstanding balance			$ 315,972,000	$ 305,736,000
Number of real estate properties | property		39
SASB cash management account balance			3,817,000
SASB excess cash flow reserve			223,000
Net proceeds from bank	$ 2,528,000
Number of acres | acre	17
Interest expense incurred			13,033,000	8,454,000
Interest expense payable			1,117,000	315,000
Deferred loan and lease commission costs amortization			2,476,000	2,477,000
Interest Expense
Debt Instrument [Line Items]
Deferred loan and lease commission costs amortization			919,000	930,000
Hartman SPE, LLC
Debt Instrument [Line Items]
Outstanding balance			$ 259,000,000	259,000,000
East West Bank Master Credit Facility Agreement II
Debt Instrument [Line Items]
Debt instrument, face amount	$ 2,645,000
East West Bank Master Credit Facility Agreement II | Revolving Credit Facility
Debt Instrument [Line Items]
Increase in borrowing capacity					$ 1,625,000
Secured Debt | Richardson Heights, Cooper Street, Bent Tree Green And Mitchelldale Property Loans
Debt Instrument [Line Items]
Number of term loans outstanding | loan			4
Amortization term			27 years
Fixed interest rate			4.61%
Outstanding balance			$ 39,324,000	40,724,000
Hartman SPE, LLC | Notes Payable to Banks
Debt Instrument [Line Items]
Debt instrument, face amount		$ 259,000,000
Initial term of debt instrument		2 years
Number of extensions | extensionOption		3
Debt instrument, extension term		1 year
Hartman SPE, LLC | LIBOR | Notes Payable to Banks
Debt Instrument [Line Items]
Variable rate spread		1.80%
Fair Value
Debt Instrument [Line Items]
Debt instrument, fair value disclosure			308,286,000	310,271,000
Book Value
Debt Instrument [Line Items]
Debt instrument, fair value disclosure			$ 315,972,000	$ 305,736,000

Notes Payable, net - Summary of

Notes Payable, net - Summary of Mortgage Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 315,972	$ 305,736
Less unamortized deferred loan costs	(1,112)	(1,959)
Total	$ 314,860	303,777
Richardson Heights
Debt Instrument [Line Items]
Rate	4.61%
Long-term debt, gross	$ 15,556	16,144
Cooper Street
Debt Instrument [Line Items]
Rate	4.61%
Long-term debt, gross	$ 6,764	6,995
Bent Tree Green
Debt Instrument [Line Items]
Rate	4.61%
Long-term debt, gross	$ 6,764	6,995
Mitchelldale
Debt Instrument [Line Items]
Rate	4.61%
Long-term debt, gross	$ 10,240	10,590
Hartman SPE, LLC
Debt Instrument [Line Items]
Rate	5.55%
Long-term debt, gross	$ 259,000	259,000
Hartman XXI
Debt Instrument [Line Items]
Rate	10%
Long-term debt, gross	$ 17,168	6,012
Fort Worth - EWB
Debt Instrument [Line Items]
Rate	8.50%
Long-term debt, gross	$ 480	$ 0

Notes Payable, net - Annual Mat

Notes Payable, net - Annual Maturities of Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 278,087
2024	1,507
2025	1,578
2026	1,652
2027	1,730
Thereafter	31,418
Total	$ 315,972	$ 305,736

Notes Payable, net - Amortizati

Notes Payable, net - Amortization of Loan Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Deferred loan costs	$ 5,471	$ 5,399
Less:  deferred loan cost accumulated amortization	(4,359)	(3,440)
Total cost, net of accumulated amortization	$ 1,112	$ 1,959

Loss Per Share (Details)

Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net (loss) income attributable to common stockholders	$ (36,248)	$ (12,336)
Net (loss) income attributable to common stockholders	$ (36,248)	$ (12,336)
Denominator:
Weighted average number of common shares outstanding, basic (in shares)	34,991	35,202
Weighted average number of common shares outstanding, diluted (in shares)	34,991	35,202
Basic and diluted loss per common share:
Net loss attributable to common stockholders per share, basic (in USD per share)	$ (1.04)	$ (0.35)
Net loss attributable to common stockholders per share, diluted (in USD per share)	$ (1.04)	$ (0.35)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Ordinary income (unaudited)	73.40%	40.40%
Return of capital (unaudited)	26.60%	59.60%
Total	100%	100%
Provision for Texas franchise tax	$ 532	$ 857

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - Affiliated Entity - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Due to/from related parties	$ 1,714	$ 115
Hartman vREIT XXI
Related Party Transaction [Line Items]
Due to/from related parties	429	0
Other Related Party
Related Party Transaction [Line Items]
Due to/from related parties	$ 1,285	$ 115

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)			12 Months Ended
	Mar. 29, 2021	May 17, 2016	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019
Related Party Transaction [Line Items]
Note payable to related party			$ 17,168,000	$ 6,012,000
Interest write off (income)			847,000	(175,000)
Decrease in interest payable from Hartman XXI settlement			795,000	1,151,000
Decrease in borrowing from affiliate from Hartman XXI settlement			1,740,000	2,984,000
Decrease in due from related parties from Hartman XXI settlement			$ 2,535,000	4,135,000
Hartman SPE, LLC | Common Stock
Related Party Transaction [Line Items]
Shares issued in exchange for ownership (in shares)			1,198,228
Ownership percentage			2.47%
Variable Interest Entity, Primary Beneficiary
Related Party Transaction [Line Items]
VIE, covenant guarantor amount			$ 24,276,000	24,748,000
Hartman vREIT XXI
Related Party Transaction [Line Items]
Borrowing base, increase	$ 1,625,000
Hartman vREIT XXI | Loan From Related Party To Company
Related Party Transaction [Line Items]
Note payable to related party			17,168,000	6,012,000
Intercompany advances			7,168,000
Hartman vREIT XXI | Loan From Related Party To Company | Unsecured Promissory Note To Hartman Short Term Income Properties XX Inc
Related Party Transaction [Line Items]
Debt instrument, stated interest rate					10%
Hartman vREIT XXI | Loan From Related Party To Company | Affiliated Entity
Related Party Transaction [Line Items]
Note payable to related party					$ 10,000,000
Interest expense, related party			1,233,000	505,000
Hartman TRS, Inc. | Loan From Company To Related Party Hartman Retail II Holdings Co | Affiliated Entity
Related Party Transaction [Line Items]
Note receivable, related parties		$ 7,231,000	1,726,000	1,726,000
Loans receivable, face amount		$ 8,820,000
Hartman TRS, Inc. | Loan From Company To Related Party | Affiliated Entity
Related Party Transaction [Line Items]
Origination fees, percentage		2%
Loans receivable, interest rate		10%
Hartman TRS, Inc. | Loan From Company To Related Party Hartman Ashford Bayou, LLC | Affiliated Entity
Related Party Transaction [Line Items]
Interest income, related party			$ 1,022,000	$ 173,000
Texas Limited Liability Company | Asset Management Fees Payable | Affiliated Entity
Related Party Transaction [Line Items]
Percentage of monthly asset costs due to related parties			0.0625%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jul. 26, 2022	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		750,000,000	750,000,000
Common stock, par value (in USD per share)		$ 0.001	$ 0.001
Convertible, non-voting shares authorized (in shares)		200,000,000	200,000,000
Preferred stock, par value (in USD per share)		$ 0.001	$ 0.001
Preferred stock, shares issued (in shares)		1,000	1,000
Preferred stock, shares outstanding (in shares)		1,000	1,000
Cash payments in lieu of unissued shares	$ 400
Contribution match value		$ 505	$ 467
Convertible Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)		1,000	1,000
Preferred stock, shares outstanding (in shares)		1,000	1,000
Cumulative, non-compounded annual rate of return		6%
Conversion terms, performance threshold		6%
Conversion terms, percentage of excess enterprise value		15%
Convertible Preferred Stock | Wholly-Owned Subsidiary
Class of Stock [Line Items]
Preferred stock, shares outstanding (in shares)		300	300

Stockholders' Equity - Distribu

Stockholders' Equity - Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Distributions (in USD per share)	$ 0	$ 0	$ 0.128	$ 0.112	$ 0.112	$ 0.104	$ 0.092	$ 0.087	$ 0.240	$ 0.395
Total Distributions Paid	$ 0	$ 0	$ 4,500	$ 3,958	$ 3,927	$ 3,662	$ 3,246	$ 3,082	$ 8,458	$ 13,917

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands				3 Months Ended	12 Months Ended
	Apr. 25, 2022 USD ($)	Mar. 24, 2022 USD ($)	May 26, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)
Loss Contingencies [Line Items]
Litigation amount sought related to wholly owned properties of the company						$ 6,731
Loss contingency, damages awarded in settlement		$ 7,871
Pre-judgement interest and attorney fees					$ 304	370
Tenants' share collected and recognized				$ 667
Long-term debt, gross				315,972	$ 315,972	$ 305,736
HIRPH
Loss Contingencies [Line Items]
Number of properties, additional borrowers | property					4
Long-term debt, gross				$ 15,625	$ 15,625
Surety Bond
Loss Contingencies [Line Items]
Amount sought by plaintiff in litigation	$ 2,197
Loss contingency, damages awarded in settlement	$ 2,001
Pending Litigation
Loss Contingencies [Line Items]
Amount sought by plaintiff in litigation			$ 8,400
Litigation amount sought related to wholly owned properties of the company			$ 7,600

Defined Contribution Plan (Deta

Defined Contribution Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Contribution match value	$ 505	$ 467
Defined contribution plan, income	311	1,011
Stock matching liability	$ 1,808	$ 1,613

Subsequent events (Details)

Subsequent events (Details) $ in Thousands, ft² in Millions				12 Months Ended
	Apr. 06, 2023 USD ($) shares	Mar. 10, 2023 USD ($)	Jan. 31, 2023 USD ($) a	Dec. 31, 2022 USD ($)	Dec. 31, 2021 ft²
Subsequent Event [Line Items]
Area of real estate | ft²					6.8
Impairment of real estate, held-for-sale | $				$ 2,340
Subsequent Event
Subsequent Event [Line Items]
Proceeds from sale of real estate | $	$ 9,065		$ 4,525
Subsequent Event | Performance Units
Subsequent Event [Line Items]
Redemption after period of time, term	3 years
Vesting period, term	3 years
Mandatory conversion period	10 years
Subsequent Event | Performance Units | Haddock, Member of the Committee
Subsequent Event [Line Items]
Number of shares granted (in shares) | shares	1,053,035
Subsequent Event | Performance Units | Tompkins, Member of the Committee
Subsequent Event [Line Items]
Number of shares granted (in shares) | shares	1,053,035
Subsequent Event | Performance Units | Still, Member of the Committee
Subsequent Event [Line Items]
Number of shares granted (in shares) | shares	1,053,035
Subsequent Event | Southern Star Self-Storage Investment Company
Subsequent Event [Line Items]
Cash payment to acquire business | $	$ 3,000
Subsequent Event | Southern Star Self-Storage Investment Company | Restricted Stock Units (RSUs)
Subsequent Event [Line Items]
Shares acquired (in shares) | shares	301,659
Subsequent Event | Fort Worth, Texas
Subsequent Event [Line Items]
Area of real estate | a			17
Subsequent Event | Mitchelldale
Subsequent Event [Line Items]
Proceeds from sale of real estate | $		$ 40,510

Schedule III - Real Estate As_2

Schedule III - Real Estate Assets and Accumulated Depreciation and Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	$ 146,008
Building and Improvements	303,416
In-place lease value intangible	102,053
Total	551,477
Post-acquisition Improvements	61,579
Gross Carrying Amount
Land	140,455
Building and improvements	369,216
In-place lease value intangible	100,926
Total	610,597	$ 620,585	$ 607,669
Accumulated Depreciation & Amortization	(200,011)
Net Book Carrying Value	410,586
Encumbrances	298,324
Aggregate cost of real estate for federal income tax purposes	642,488
Corporate Adjustments
Gross Carrying Amount
Land	0
Building and improvements	(2,457)
In-place lease value intangible	0
Total	(2,457)
Accumulated Depreciation & Amortization	126
Net Book Carrying Value	(2,331)
Encumbrances	0
Garden Oaks
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,770
Building and Improvements	17,969
In-place lease value intangible	1,021
Total	20,760
Post-acquisition Improvements	1,623
Gross Carrying Amount
Land	1,770
Building and improvements	19,592
In-place lease value intangible	1,021
Total	22,383
Accumulated Depreciation & Amortization	(3,727)
Net Book Carrying Value	18,656
Encumbrances	10,379
Quitman
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,130
Building and Improvements	2,389
In-place lease value intangible	351
Total	5,870
Post-acquisition Improvements	803
Gross Carrying Amount
Land	3,130
Building and improvements	3,191
In-place lease value intangible	351
Total	6,672
Accumulated Depreciation & Amortization	(643)
Net Book Carrying Value	6,029
Encumbrances	2,935
Chelsea Square
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,570
Building and Improvements	5,046
In-place lease value intangible	494
Total	7,110
Post-acquisition Improvements	(273)
Gross Carrying Amount
Land	1,355
Building and improvements	4,997
In-place lease value intangible	484
Total	6,836
Accumulated Depreciation & Amortization	(1,325)
Net Book Carrying Value	5,511
Encumbrances	3,555
Mission Centre
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,020
Building and Improvements	7,690
In-place lease value intangible	890
Total	10,600
Post-acquisition Improvements	373
Gross Carrying Amount
Land	2,020
Building and improvements	8,063
In-place lease value intangible	890
Total	10,973
Accumulated Depreciation & Amortization	(2,274)
Net Book Carrying Value	8,699
Encumbrances	5,300
Regency
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	960
Building and Improvements	819
In-place lease value intangible	851
Total	2,630
Post-acquisition Improvements	997
Gross Carrying Amount
Land	960
Building and improvements	1,815
In-place lease value intangible	852
Total	3,627
Accumulated Depreciation & Amortization	(1,445)
Net Book Carrying Value	2,182
Encumbrances	1,315
Spring Valley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,490
Building and Improvements	1,064
In-place lease value intangible	1,066
Total	5,620
Post-acquisition Improvements	1,866
Gross Carrying Amount
Land	3,490
Building and improvements	2,930
In-place lease value intangible	1,066
Total	7,486
Accumulated Depreciation & Amortization	(2,546)
Net Book Carrying Value	4,940
Encumbrances	2,810
Northeast Square
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,300
Building and Improvements	3,330
In-place lease value intangible	280
Total	4,910
Post-acquisition Improvements	250
Gross Carrying Amount
Land	1,300
Building and improvements	3,579
In-place lease value intangible	280
Total	5,159
Accumulated Depreciation & Amortization	(840)
Net Book Carrying Value	4,319
Encumbrances	2,455
One Mason
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,440
Building and Improvements	9,290
In-place lease value intangible	1,130
Total	12,860
Post-acquisition Improvements	310
Gross Carrying Amount
Land	2,440
Building and improvements	9,600
In-place lease value intangible	1,130
Total	13,170
Accumulated Depreciation & Amortization	(2,510)
Net Book Carrying Value	10,660
Encumbrances	6,430
Tower
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,750
Building and Improvements	2,584
In-place lease value intangible	1,336
Total	6,670
Post-acquisition Improvements	2,067
Gross Carrying Amount
Land	2,750
Building and improvements	4,651
In-place lease value intangible	1,335
Total	8,736
Accumulated Depreciation & Amortization	(2,390)
Net Book Carrying Value	6,346
Encumbrances	3,335
Preserve
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	9,730
Building and Improvements	9,085
In-place lease value intangible	3,485
Total	22,300
Post-acquisition Improvements	8
Gross Carrying Amount
Land	8,244
Building and improvements	10,659
In-place lease value intangible	3,405
Total	22,308
Accumulated Depreciation & Amortization	(5,991)
Net Book Carrying Value	16,317
Encumbrances	11,148
Westheimer
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,800
Building and Improvements	12,416
In-place lease value intangible	2,284
Total	18,500
Post-acquisition Improvements	(143)
Gross Carrying Amount
Land	3,050
Building and improvements	13,091
In-place lease value intangible	2,217
Total	18,358
Accumulated Depreciation & Amortization	(5,041)
Net Book Carrying Value	13,317
Encumbrances	9,249
Walzem Plaza
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,900
Building and Improvements	10,660
In-place lease value intangible	1,840
Total	16,400
Post-acquisition Improvements	1,433
Gross Carrying Amount
Land	3,900
Building and improvements	12,093
In-place lease value intangible	1,840
Total	17,833
Accumulated Depreciation & Amortization	(4,497)
Net Book Carrying Value	13,336
Encumbrances	8,200
11811 North Freeway
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,980
Building and Improvements	1,037
In-place lease value intangible	2,473
Total	5,490
Post-acquisition Improvements	1,120
Gross Carrying Amount
Land	1,980
Building and improvements	2,157
In-place lease value intangible	2,473
Total	6,610
Accumulated Depreciation & Amortization	(3,187)
Net Book Carrying Value	3,423
Encumbrances	2,744
Atrium I
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,540
Building and Improvements	716
In-place lease value intangible	1,494
Total	4,750
Post-acquisition Improvements	932
Gross Carrying Amount
Land	2,540
Building and improvements	1,648
In-place lease value intangible	1,494
Total	5,682
Accumulated Depreciation & Amortization	(2,149)
Net Book Carrying Value	3,533
Encumbrances	2,375
Atrium II
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	958
Building and Improvements	1,345
In-place lease value intangible	1,264
Total	3,567
Post-acquisition Improvements	2,943
Gross Carrying Amount
Land	1,006
Building and improvements	4,240
In-place lease value intangible	1,264
Total	6,510
Accumulated Depreciation & Amortization	(1,451)
Net Book Carrying Value	5,059
Encumbrances	0
North Central Plaza
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,330
Building and Improvements	14,511
In-place lease value intangible	2,959
Total	19,800
Post-acquisition Improvements	(940)
Gross Carrying Amount
Land	1,842
Building and improvements	14,152
In-place lease value intangible	2,866
Total	18,860
Accumulated Depreciation & Amortization	(5,745)
Net Book Carrying Value	13,115
Encumbrances	9,899
3100 Timmons
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	10,330
Building and Improvements	3,543
In-place lease value intangible	1,427
Total	15,300
Post-acquisition Improvements	1,764
Gross Carrying Amount
Land	10,330
Building and improvements	5,306
In-place lease value intangible	1,428
Total	17,064
Accumulated Depreciation & Amortization	(2,709)
Net Book Carrying Value	14,355
Encumbrances	7,650
Central Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	730
Building and Improvements	2,851
In-place lease value intangible	989
Total	4,570
Post-acquisition Improvements	370
Gross Carrying Amount
Land	730
Building and improvements	3,220
In-place lease value intangible	989
Total	4,939
Accumulated Depreciation & Amortization	(1,658)
Net Book Carrying Value	3,281
Encumbrances	2,285
601 Sawyer
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,360
Building and Improvements	12,796
In-place lease value intangible	1,144
Total	17,300
Post-acquisition Improvements	2,268
Gross Carrying Amount
Land	3,360
Building and improvements	15,064
In-place lease value intangible	1,144
Total	19,568
Accumulated Depreciation & Amortization	(3,271)
Net Book Carrying Value	16,297
Encumbrances	8,649
Prestonwood
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	7,410
Building and Improvements	13,895
In-place lease value intangible	1,695
Total	23,000
Post-acquisition Improvements	432
Gross Carrying Amount
Land	7,410
Building and improvements	14,328
In-place lease value intangible	1,695
Total	23,433
Accumulated Depreciation & Amortization	(3,722)
Net Book Carrying Value	19,711
Encumbrances	11,498
Harwin
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,960
Building and Improvements	3,041
In-place lease value intangible	279
Total	5,280
Post-acquisition Improvements	(145)
Gross Carrying Amount
Land	1,960
Building and improvements	2,895
In-place lease value intangible	279
Total	5,134
Accumulated Depreciation & Amortization	(773)
Net Book Carrying Value	4,361
Encumbrances	2,640
Fondren
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,650
Building and Improvements	7,326
In-place lease value intangible	1,004
Total	9,980
Post-acquisition Improvements	379
Gross Carrying Amount
Land	1,650
Building and improvements	7,704
In-place lease value intangible	1,005
Total	10,359
Accumulated Depreciation & Amortization	(2,683)
Net Book Carrying Value	7,676
Encumbrances	4,990
Cornerstone
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,110
Building and Improvements	1,620
In-place lease value intangible	920
Total	3,650
Post-acquisition Improvements	678
Gross Carrying Amount
Land	1,110
Building and improvements	2,298
In-place lease value intangible	920
Total	4,328
Accumulated Depreciation & Amortization	(1,515)
Net Book Carrying Value	2,813
Encumbrances	1,825
Northchase
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,700
Building and Improvements	5,821
In-place lease value intangible	1,549
Total	9,070
Post-acquisition Improvements	340
Gross Carrying Amount
Land	1,459
Building and improvements	6,435
In-place lease value intangible	1,516
Total	9,410
Accumulated Depreciation & Amortization	(2,940)
Net Book Carrying Value	6,470
Encumbrances	4,535
616 FM 1960
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	1,510
Building and Improvements	8,931
In-place lease value intangible	1,269
Total	11,710
Post-acquisition Improvements	(3,969)
Gross Carrying Amount
Land	1,204
Building and improvements	5,640
In-place lease value intangible	896
Total	7,740
Accumulated Depreciation & Amortization	(2,126)
Net Book Carrying Value	5,614
Encumbrances	5,855
Gateway
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,510
Building and Improvements	22,182
In-place lease value intangible	3,408
Total	29,100
Post-acquisition Improvements	(7,605)
Gross Carrying Amount
Land	2,194
Building and improvements	16,364
In-place lease value intangible	2,936
Total	21,494
Accumulated Depreciation & Amortization	(6,114)
Net Book Carrying Value	15,380
Encumbrances	14,549
Promenade
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	5,750
Building and Improvements	12,671
In-place lease value intangible	1,579
Total	20,000
Post-acquisition Improvements	1,186
Gross Carrying Amount
Land	5,750
Building and improvements	13,858
In-place lease value intangible	1,578
Total	21,186
Accumulated Depreciation & Amortization	(3,864)
Net Book Carrying Value	17,322
Encumbrances	9,999
400 North Belt
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,538
Building and Improvements	3,800
In-place lease value intangible	3,812
Total	10,150
Post-acquisition Improvements	3,211
Gross Carrying Amount
Land	2,538
Building and improvements	7,011
In-place lease value intangible	3,812
Total	13,361
Accumulated Depreciation & Amortization	(7,137)
Net Book Carrying Value	6,224
Encumbrances	6,500
Commerce Plaza Hillcrest
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	6,500
Building and Improvements	1,031
In-place lease value intangible	3,869
Total	11,400
Post-acquisition Improvements	3,658
Gross Carrying Amount
Land	6,500
Building and improvements	4,689
In-place lease value intangible	3,869
Total	15,058
Accumulated Depreciation & Amortization	(6,626)
Net Book Carrying Value	8,432
Encumbrances	7,150
Corporate Park Place
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,375
Building and Improvements	5,215
In-place lease value intangible	1,910
Total	9,500
Post-acquisition Improvements	1,996
Gross Carrying Amount
Land	2,375
Building and improvements	7,210
In-place lease value intangible	1,910
Total	11,495
Accumulated Depreciation & Amortization	(4,195)
Net Book Carrying Value	7,300
Encumbrances	4,825
Skymark Tower
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,212
Building and Improvements	4,404
In-place lease value intangible	2,230
Total	8,846
Post-acquisition Improvements	3,003
Gross Carrying Amount
Land	2,212
Building and improvements	7,408
In-place lease value intangible	2,230
Total	11,850
Accumulated Depreciation & Amortization	(4,791)
Net Book Carrying Value	7,059
Encumbrances	6,450
Ashford Crossing
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,650
Building and Improvements	4,240
In-place lease value intangible	3,710
Total	10,600
Post-acquisition Improvements	3,288
Gross Carrying Amount
Land	2,650
Building and improvements	7,528
In-place lease value intangible	3,710
Total	13,888
Accumulated Depreciation & Amortization	(6,705)
Net Book Carrying Value	7,183
Encumbrances	5,150
Energy Plaza I&II
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	4,403
Building and Improvements	6,840
In-place lease value intangible	6,367
Total	17,610
Post-acquisition Improvements	4,818
Gross Carrying Amount
Land	4,403
Building and improvements	11,659
In-place lease value intangible	6,367
Total	22,429
Accumulated Depreciation & Amortization	(10,006)
Net Book Carrying Value	12,423
Encumbrances	8,400
Westway One
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	5,410
Building and Improvements	11,276
In-place lease value intangible	4,950
Total	21,636
Post-acquisition Improvements	1,598
Gross Carrying Amount
Land	5,410
Building and improvements	12,875
In-place lease value intangible	4,951
Total	23,236
Accumulated Depreciation & Amortization	(7,814)
Net Book Carrying Value	15,422
Encumbrances	11,399
Three Forest Plaza
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	8,910
Building and Improvements	18,186
In-place lease value intangible	8,558
Total	35,654
Post-acquisition Improvements	6,239
Gross Carrying Amount
Land	8,913
Building and improvements	24,423
In-place lease value intangible	8,557
Total	41,893
Accumulated Depreciation & Amortization	(15,475)
Net Book Carrying Value	26,418
Encumbrances	24,348
Parkway I&II
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,373
Building and Improvements	4,765
In-place lease value intangible	2,352
Total	9,490
Post-acquisition Improvements	3,862
Gross Carrying Amount
Land	2,372
Building and improvements	8,628
In-place lease value intangible	2,352
Total	13,352
Accumulated Depreciation & Amortization	(6,368)
Net Book Carrying Value	6,984
Encumbrances	5,200
Gulf Plaza
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,488
Building and Improvements	6,005
In-place lease value intangible	4,457
Total	13,950
Post-acquisition Improvements	293
Gross Carrying Amount
Land	2,688
Building and improvements	7,098
In-place lease value intangible	4,457
Total	14,243
Accumulated Depreciation & Amortization	(6,981)
Net Book Carrying Value	7,262
Encumbrances	5,700
Timbercreek
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	724
Building and Improvements	962
In-place lease value intangible	1,211
Total	2,897
Post-acquisition Improvements	955
Gross Carrying Amount
Land	724
Building and improvements	1,916
In-place lease value intangible	1,211
Total	3,851
Accumulated Depreciation & Amortization	(2,092)
Net Book Carrying Value	1,759
Encumbrances	1,485
Copperfield
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	605
Building and Improvements	760
In-place lease value intangible	1,054
Total	2,419
Post-acquisition Improvements	854
Gross Carrying Amount
Land	605
Building and improvements	1,618
In-place lease value intangible	1,054
Total	3,277
Accumulated Depreciation & Amortization	(1,749)
Net Book Carrying Value	1,528
Encumbrances	1,890
One Technology Center
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	4,894
Building and Improvements	8,558
In-place lease value intangible	6,123
Total	19,575
Post-acquisition Improvements	2,156
Gross Carrying Amount
Land	4,893
Building and improvements	10,714
In-place lease value intangible	6,123
Total	21,730
Accumulated Depreciation & Amortization	(9,625)
Net Book Carrying Value	12,105
Encumbrances	13,899
Richardson Heights
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	4,788
Building and Improvements	10,890
In-place lease value intangible	3,472
Total	19,150
Post-acquisition Improvements	7,724
Gross Carrying Amount
Land	4,788
Building and improvements	18,614
In-place lease value intangible	3,472
Total	26,874
Accumulated Depreciation & Amortization	(11,311)
Net Book Carrying Value	15,563
Encumbrances	15,556
Bent Tree Green
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	3,003
Building and Improvements	6,272
In-place lease value intangible	2,740
Total	12,015
Post-acquisition Improvements	4,082
Gross Carrying Amount
Land	3,003
Building and improvements	10,353
In-place lease value intangible	2,740
Total	16,096
Accumulated Depreciation & Amortization	(7,569)
Net Book Carrying Value	8,527
Encumbrances	6,764
Cooper Street
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	2,653
Building and Improvements	5,768
In-place lease value intangible	2,192
Total	10,613
Post-acquisition Improvements	636
Gross Carrying Amount
Land	2,653
Building and improvements	6,404
In-place lease value intangible	2,192
Total	11,249
Accumulated Depreciation & Amortization	(4,698)
Net Book Carrying Value	6,551
Encumbrances	6,764
Mitchelldale Business Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost
Land	4,794
Building and Improvements	9,816
In-place lease value intangible	4,565
Total	19,175
Post-acquisition Improvements	4,139
Gross Carrying Amount
Land	4,794
Building and improvements	13,955
In-place lease value intangible	4,565
Total	23,314
Accumulated Depreciation & Amortization	(9,859)
Net Book Carrying Value	13,455
Encumbrances	$ 10,240

Schedule III - Real Estate As_3

Schedule III - Real Estate Assets and Accumulated Depreciation and Amortization - Summary of Activity of Real Estate Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	$ 620,585	$ 607,669
Acquisitions	0	0
Improvements	14,158	12,916
Ending balance, before reduction for impairment	634,743	620,585
Provision for impairment	24,146	0
Balance at end of period	$ 610,597	$ 620,585