Owners of The Georgian Building in Silver Spring, Maryland File for Chapter 11 Bankruptcy Protection - Randall Reese

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Randall Reese founded Restructuring Concepts LLC after spending nearly six years with the international law firm of Skadden, Arps, Slate, Meagher & Flom LLP in its Corporate Restructuring practice group. During that time, he represented clients in many large and complex chapter 11 cases,... More

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Owners of The Georgian Building in Silver Spring, Maryland File for Chapter 11 Bankruptcy Protection 0 comments

Jun 23, 2011 7:52 PM | about stocks: BWF, WFC, PSK
On Wednesday, two related companies - Stellar GT TIC LLC and VFF TIC LLC - voluntarily filed for chapter 11 protection in the bankruptcy court in Greenbelt, Maryland with a pre-negotiated plan of reorganization. The companies own an 891-unit multi-family high rise property (consisting of two 14-story apartment buildings) located at 8750 Georgia Avenue in Silver Spring, Maryland. The complex is commonly known as The Georgian and was over 90% occupied as of yesterday's bankruptcy filing. Stellar GT TIC owns a 10% interest in the Georgian and VFF TIC owns the remaining 90% interest.

Read the rest of this story at our primary blog: http://blog.ch11cases.com/2011/06/owners-of-georgian-building-in-silver.html

View a complimentary copy of Stellar GT TIC's voluntary petition by clicking here.
Access copies of key court filings by visiting the following links:
Search and download copies of all key court filings from this case by visiting: http://www.chapter11cases.com/Stellar-GT-TIC-LLCaka-The-Georgian-8750-Georgia-Avenue-Silver-Spring-Maryland_c_26739.html
Themes: 8750 georgia ave, bankrupt, bankruptcy, chapter 11, georgian towers, greystar, helios amc, maryland, silver spring, stellar gt, stellar gt tic, the georgian, vff tic, wells fargo Stocks: BWF, WFC, PSK

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