Silver Star Properties Announces New Accounting Partnership

The REIT selects CBIZ CPAs as its independent auditor, signaling a strategic focus on financial oversight.

December 27, 2024

Silver Star Properties Confirms New Auditor Appointment

Silver Star Properties REIT, Inc., a Maryland-based real estate investment trust, has officially appointed CBIZ CPAs P.C. as its independent registered public accounting firm. This decision, which will cover the fiscal years ending December 31, 2023, and 2024, was approved by the company's Audit Committee.

The choice of CBIZ CPAs is part of Silver Star's broader strategy to strengthen its financial governance framework. CBIZ CPAs brings a wealth of experience to the table, aiming to ensure compliance with rigorous financial reporting standards while fostering transparency. Notably, during the past two fiscal years and interim periods leading up to this engagement, Silver Star has not consulted CBIZ CPAs regarding specific accounting principles or audit opinions. This clean slate sets the foundation for a fresh, collaborative relationship.

Commitment to Financial Integrity and Governance

Silver Star's leadership remains committed to maintaining high standards of corporate governance. As a public REIT, its ability to adapt to evolving regulations and industry practices is pivotal in securing stakeholder confidence. The appointment of CBIZ CPAs highlights the company's proactive approach to aligning its financial operations with best practices.

The move comes at a critical time as Silver Star looks to navigate a complex financial landscape. CBIZ CPAs is tasked with ensuring the accuracy and reliability of Silver Star's financial reporting, underscoring the REIT’s dedication to operational integrity. With this partnership, Silver Star aims to continue delivering value to its shareholders while adhering to stringent compliance measures.

The company operates from its headquarters in Houston, Texas, and its new accounting partner will begin work immediately, with their efforts contributing to the audits of financials in upcoming annual reports. The executive team, led by CEO Gerald W. Haddock, has expressed optimism about the potential benefits of this collaboration.