Filing Alert: 522 Fifth Venture Chapter 11

522 Fifth Venture, LLC, a single asset real estate joint venture developing a 19-story, 400-unit residential project in Nashville, TN, filed for Chapter 11 protection on Jun. 4 in the U.S. Bankruptcy Court for the Middle District of Tennessee.

The company reports $29.7 million in assets and $18.9 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-02683.

Top Unsecured Claims

Key Parties

Counsel:

• Michael G. Abelow
  Sherrard Roe Voigt & Harbison, PLC
  Email: mabelow@srvhlaw.com

Signatories:

• Evan Michael Lengsfield Kasper – As Member of Elk Fund VI, LLC (the Debtor's Co-Manager)

Equity Security Holders:

• Elk Fund VI, LLC – 33% Equity Interest
• Miles HF Investments LLC – 33% Equity Interest
• PCD Sobro, LLC – 33% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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