Latest news with #DavidStrickland
Daily Mail
2 days ago
- Business
- Daily Mail
Massachusetts $1M lottery winner who's never taken vacation reveals what he's going to do with winnings
A million-dollar Massachusetts lottery winner who's never taken a vacation plans to use his winnings to fund a trip to Las Vegas. David Strickland, 64, of Lakeville, bought the lucky $25,000,000 Mega Money scratch-off ticket from Bristol County Wine and Spirits in nearby Berkley on Friday. After winning, Strickland opted to take the pre-tax cash option of $650,000 and he has since been brainstorming about what he plans to do with they money. 'Strickland said he has never taken a vacation before but plans to change that by putting his winnings towards a trip to Las Vegas,' the Massachusetts State Lottery said in a statement to CBS News. Tom George, the owner of the liquor store, described Strickland is 'an everyday customer' who tends to stick to $1, $2 or $5 scratch-off tickets. But on Friday, 'he decided to splurge on a $50 ticket,' the owner told the Daily Mail. After purchasing the ticket, Strickland went out to his truck to play it - rushing back inside when he realized he had a winner, George explained. George, who had left the store about 20 minutes before Strickland walked in, got a phone call from his wife, who broke the news that their store just sold the highest-valued ticket they have seen to date. 'My wife called and she's like, "What's our commission if you sell a million-dollar scratch ticket?" A $25,000,000 Mega Money scratch-off ticket (pictured) 'I go, "Why?" And she says, "We might have just sold one."' The store, which opened in 2022, will earn $10,000 for selling the winning ticket. 'He was excited. Everybody here was excited,' George said. Attempts by the Daily Mail to reach Strickland were unsuccessful. The buzz around the shop is that Strickland wants to open up a high-interest savings account to save a chunk of his cash and use some of the remainder to buy a new truck. 'I'm so glad it happened to somebody that we know,' George said. As for the portion of the prize allotted to the liquor store, George said they plan to use the money to pay off bills, putting it 'right back into the business.' The $25,000,000 Mega Money ticket debuted in May and includes 11 instant $1 million prizes, three $2 million prizes and three grand prizes of $25 million. Strickland isn't the only Bay Stater who had a charmed weekend when it comes to lotto. Alberto Borges of Fall River played the Bonus 100X instant ticket game and also scored $1 million on Friday. Like Strickland, he chose the $650,000 cash option.
Daily Mail
2 days ago
- Business
- Daily Mail
Daughter wins $2 million from lottery ticket she was gifted from her father
A daughter received the gift of a lifetime after winning $2 million from a lottery ticket purchased by her father. Vanesa Menijvar Acosta cashed in on the life-changing prize on May 28 after her father purchased the ticket at East Boston Corner Market in Massachusetts. The store will receive a $20,000 bonus for selling the winning Mega Money instant ticket game. Vanesa has the choice to taking a one-time lump sum of $1.3 million before taxes or incremental payments. She is a resident of Norcross, Georgia, which is a city outside of Atlanta. Vanesa told the Massachusetts Lottery that she plans on buying a house and paying for her college education with her prize money. There are still three more Mega Money instant ticket prizes worth $2 million, three grand prizes of $25 million, and second chance drawings with sums from $100 to $50,000. Another Massachusetts resident, David Strickland, cashed in on a whopping $1 million prize after trying his hand at the Mega Money lottery. He told lottery officials that he'd never been on vacation before and planned to take his first one to Las Vegas with the prize money. Strickland opted for the one-time cash option and took home a lump sum of $650,000 after taxes. He purchased the ticket at Bristol County Wine and Spirits in Berkley. The store is also cashing in on a $10,000 bonus for selling the lucky ticket. The winners' massive checks were cut significantly due to the immense tax on lottery prizes. The federal government takes a 24 percent cut of the winnings, while the state of Massachusetts takes another 5 percent. Even though Vanesa is a resident of Georgia, she'll still be taxed by Massachusetts since that's where the lottery ticket was bought. Massachusetts announces its lottery winners and doesn't allow them to remain anonymous like other states. The two Massachusetts winners opted to receive a lump sum payment as opposed to an annuity. They cashed in on large sums, but lost a wide margin of their winnings by choosing to take the immediate payout. Lottery hopefuls looking to strike similar luck still have a chance, as multiple Mega Money instant tickets have yet to be claimed.
Yahoo
2 days ago
- Business
- Yahoo
Lakeville man scores first $1 million prize in 'Mega Money' lottery game
LAKEVILLE, Mass. (WWLP) – A Lakeville resident is the first to claim a $1 million prize in the new '$25,000,000 Mega Money' instant ticket game, which launched just weeks ago. David Strickland secured the win after purchasing a ticket from Bristol County Wine and Spirits, located at 128 Myricks Street in Berkley. Weymouth woman wins $1M lottery prize on ticket sold in North Weymouth He opted for the one-time cash option, taking home a lump sum of $650,000 before taxes. Strickland, who said he has never taken a vacation before, plans to use the money for a long-awaited trip to Las Vegas. The retailer that sold the winning ticket will receive a $10,000 bonus from the Massachusetts State Lottery for its role in the sale. The '$25,000,000 Mega Money' instant ticket game debuted on May 13 and offers several high-tier prizes, including 11 additional $1 million prizes, three $2 million prizes, and three grand prizes of $25 million. In addition to the instant prizes, the game features up to 10 Second Chance Drawings throughout its sales period. These drawings will give players additional opportunities to win prizes ranging from $100 to $50,000. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
3 days ago
- Business
- CBS News
Massachusetts man plans to take his first vacation ever after big lottery win
A Lakeville man is planning to take his first vacation ever after a big scratch ticket win, the Massachusetts State Lottery says. David Strickland won a $1 million prize on the new "$25,000,000 Mega Money" game. He chose the cash option and got a one-time payment of $650,000 before taxes. "Strickland said he has never taken a vacation before but plans to change that by putting his winnings towards a trip to Las Vegas," the Lottery said in a statement. He bought the ticket at Bristol County Wine and Spirits in Berkley. The store will get a $10,000 bonus for selling the lucky ticket. Massachusetts Lottery $50 scratch ticket The $25,000,000 Mega Money game, which has been in stores for less than a month, is the Massachusetts Lottery's latest $50 scratch ticket. The Lottery started selling the pricey tickets in 2023. The game has three $25 million grand prizes. Strickland was the first to claim a $1 million prize on the Mega Money ticket. There are 11 million-dollar prizes still available. Georgia resident Vanesa Menijvar Acosta was the first to win a $2 million prize in the game. The Lottery said her ticket, bought at an East Boston store, was a gift from her father. She said she plans to buy a house and go to college with her winnings. There are three more $2 million prizes remaining. The Mega Money game will also have up to 10 "Second Chance Drawings," giving players the opportunity to win as much as $50,000.
Associated Press
24-05-2025
- Business
- Associated Press
SILVER STAR PROPERTIES REIT ADVANCES STRATEGIC PIVOT WITH SELF-STORAGE GROWTH AND BROAD OPERATIONAL TURNAROUND AND EXPANSION
Silver Star Properties REIT logo (PRNewsfoto/Silver Star Properties REIT) Published [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] HOUSTON, May 23, 2025 /PRNewswire/ -- Silver Star Properties REIT, Inc. ('Silver Star' or the 'Company') today announced continued progress in its transformation into a premier self-storage investment platform. The Company's proactive pivot, led by Director of Asset Management David Strickland, is delivering measurable results across operations, finance, and portfolio management. 'As Silver Star advances with the momentum we have gained by shedding nonperforming assets and internalizing management, taking an opportunity with a disciplined approach for evaluating our remaining Legacy assets and the capital improvements they require for an ultimate decision to retain or sell,' stated Gerald W. Haddock, Chairman and CEO of Silver Star Properties REIT. 'David Strickland, Director of Asset Management, leveraged his long-standing vendor relationships, and secured timely and cost-effective commitments for critical repairs—many of which are already underway. He has also led the termination of underperforming third-party contracts and brought operations in-house, implementing a data-driven, community-focused strategy.' Strategic Milestones and Property Highlights McKinney, TX: NOI increased from $21,035 in Q1 2025 to $30,571 in Q2 2025, with occupancy rising from 64% to 77%. Houston, TX: Two additional locations transitioned from third-party management on May 9, 2025. Silver Star has implemented its marketing strategy to replicate prior success. Delray, FL: Silver Star is currently negotiating with the lender to assume full operational control, leveraging its proven track record in performance and management. It now has achieved a 92.5 % occupancy in square footage. Legacy Asset Challenges and Resolution Strategy Among the most significant challenges identified during Silver Star's operational transition were unresolved tenant grievances stemming from prolonged neglect under the prior leadership of Al Hartman. These concerns—ranging from HVAC failures to unmet capital improvements promises—had eroded tenant confidence and contributed to straining lender relations. David Strickland, Director of Asset Management, took direct action to engage with tenants, personally addressing long-standing complaints and restoring critical service levels. His proactive involvement was the beginning of establishing tenant trust. These issues were exacerbated by a legacy strategy that diverted essential maintenance reserves for unrelated purposes during the Hartman era. As a result, some lenders exercised their rights to draw on company-held reserves—resources that should have been available to fund necessary improvements—thereby placing additional financial pressure on the Company. These structural and financial failures validated the urgency of Silver Star's strategic pivot to self-storage. Under Strickland's leadership, the Company has stabilized key operations, executed targeted abatements, and reinforced service integrity—positioning the self-storage platform as a disciplined, performance-driven solution focused on long-term value creation for shareholders. In addressing the question regarding the condition of Silver Star's Legacy assets during 2022, Mr. Strickland, replied, 'The general attitude amongst the tenants was one of a very vocal anger. That caused me to have to do significant cleanup. Personally, I satisfied many complaints, but not all could be satisfied, and thereby, our lender began to complain, which resulted in further damage to our Company by our lenders taking our reserves that should have been available for additional tenant improvements. All of these problems stem, and can be traced (from my person knowledge) to a failure by Mr. Hartman to divert necessary maintenance funds to other purposes.' (Exhibit A) $50 Million Preferred Equity Raise to Fuel Expansion Subject to Certain Conditions To support continued growth, Silver Star is partnering with Emerson Equity, LLC to lead a $50 million preferred equity offering under Rule 506(c) of Regulation D. Proceeds will be used to acquire self-storage assets and drive the Company toward a scalable, public-ready platform. Key terms of the offering: Offering will be available to accredited investors only Defined preferred returns and full return of capital prior to sponsor participation Optional 721 roll-up into Silver Star OP units for long-term alignment and tax efficiency Southern Star Announces Distribution for Two DST Programs Southern Star Self Storage announced today a one-time distribution of .25%, reflecting an annualized distribution of 3.00%, for the Southern Star Self Storage Airport DST ('Airports DST') and Southern Star Self Storage IV Rockport ('Rockport DST') programs. This marks the second 2025 distribution for the Airports DST and the first 2025 distribution for Rockport DST. The distributions highlights our dedication to creating value for our investors as we advance turnaround efforts. Commitment to Shareholders 'Our transition to self-storage is both a response to legacy challenges and a proactive step toward long-term shareholder value,' said Gerald W. Haddock, Chairman and CEO. 'David Strickland's leadership has been instrumental in realigning our operations and proving the strength of our new strategy.' 'Silver Star is now positioned as a more agile, disciplined, and focused company with a clear mission: to deliver resilient cash flow and sustainable returns for our shareholders.' Departure of Principal Accounting Officer On May 19, 2025 Alex Board provided the Company with notice of his intent to resign from his position of Deputy Chief Financial Officer and Principal Accounting Officer, effective June 6, 2025. Mr. Board's resignation is not a result of any disagreement with the Company or its board of directors or any matter relating to the Company's operations, policies or practices. Eric Tam, Accounting Manager, who joined the Company in April 2022, will assume the position of Controller. About Silver Star Properties REIT, Inc. Silver Star Properties REIT, Inc. is a publicly registered, non-traded real estate investment trust headquartered in Houston, Texas. The Company (formerly Hartman Short Term Income Properties XX, Inc.) is repositioning its portfolio from legacy office, retail, and industrial assets into high-growth self-storage and single-tenant real estate. Silver Star's mission is to generate long-term value for shareholders through focused, efficient investment and management practices. Forward-Looking Statements This press release may contain forward-looking statements regarding strategic plans, projected savings, and expected outcomes. Actual results may differ due to various risks, including market changes, execution risks, and other factors disclosed in the Company's SEC filings. Silver Star undertakes no obligation to update forward-looking statements. IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC The Company has filed a Preliminary Proxy Statement with the SEC on May 19, 2025 in connection with the court ordered 2025 Annual Meeting and intends to solicit votes for the Pivot Strategy adopted by the Executive Committee and such other matters as the Executive Committee, at the discretion of its Chairman, determines to consider. The definitive Proxy Statement will contain important information about Silver Star, the court ordered annual meeting and the opportunity to vote whether to execute and pivot the Company into the self-storage real estate class. Shareholders are urged to read the definitive Proxy Statement carefully when it is available. Upon completion and filing of our definitive proxy statement, Shareholders will be able to obtain free copies of the Proxy Statement and other documents filed with the SEC by Silver Star on the SEC's website ( ). In addition, shareholders will be able to obtain free copies of the Proxy Statement from Silver Star by following the instructions provided in the Proxy Statement. Participants in the Solicitation Silver Star and its directors and executive officers may be deemed to be participants in the solicitation of proxies with respect to the 2025 Annual Meeting. Information regarding Silver Star's directors and executive officers is contained in the definitive proxy statement to be filed with the SEC. As of May 19, 2025, the Silver Star Executive Committee, current directors, other than Allen Hartman, and executive officers beneficially owned approximately 1,172,436 shares, or 1.74%, of Silver Star common stock. Allen Hartman beneficially owned approximately 5,006,412 shares, or 7.43%, of Silver Star common stock. Additional information regarding the interests of such participants will be included in the definitive proxy statement that will be filed with the SEC and available free of charge as indicated above. Exhibit A The following describes what had to be addressed at each property. Houston 400 North Belt: Unaddressed plumbing, elevator issues, and landscaping neglect Atrium I & II: Foundation deficiencies and landscaping concerns Gulf Plaza: Outdated lobby, leaking windows/balconies due to failed seals, and landscaping issues 616: Required window sealing, elevator repairs, fire panel upgrades, and landscaping Cornerstone: Elevator modifications, HVAC deficiencies, and landscaping Westheimer: Window seals, elevator and fire system repairs, house pumps, and landscaping Timbercreek: Elevator repairs, common area upgrades, HVAC replacement, and landscaping Regency: Full HVAC replacement, elevator upgrades, and landscaping The Tower: HVAC, roofing, fire panel, foundation, plumbing, house pumps, and landscaping Timmons: Elevator, foundation, plumbing, fire panel, and HVAC issues The Preserve: Roofing, waterproof doors, widespread foundation issues, plumbing, elevator, and tree/landscape work Sawyer: Roof, window seals, HVAC upgrade, and landscaping 11811: Window sealing, elevator and cooling tower repairs, fire line replacement, hazardous garage, and parking lot repair Dallas Gateway: HVAC, window seals, elevator upgrades, and fire panel CPP: Foundation, plumbing, HVAC, and landscaping Westway: HVAC above major tenant, foundation, elevator, and landscaping repairs Hillcrest: Widespread HVAC, foundation, plumbing, and landscaping issues NCP: HVAC and elevator repairs Skymark: HVAC unit replacement and window sealing Three Forest: Garage stairs, HVAC, cooling tower, fire panel, house pumps, trash service, camera system, and landscaping BTG: Pool pumps, elevator cooling tower, and window sealing Parkway I & II: Elevator, common area flooring, and significant plumbing repairs San Antonio OTC: Fire panel, roof, elevators, window sealing, and failing HVAC Energy Plaza: HVAC and roofing Walzum: HVAC, electrical, plumbing, and landscaping Retail Centers All retail centers required new roof systems and upgraded or replaced HVAC in vacant units. 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