Filing Alert: Hunter's Grove Apartments TIC Owner MMRE Management Files Chapter 11

MMRE Management - Patriot Place, LLC, a Brooklyn, NY-based single-asset real estate company, filed for Chapter 11 protection on Jul. 25 in the U.S. Bankruptcy Court for the Eastern District of New York.

The debtor holds a 36.55% tenant-in-common interest in "Hunter's Grove Apartments," a 200-unit residential complex located at 575 Riverside Pkwy, Austell, GA. The filing is intended to stop a pending foreclosure sale (scheduled for Aug. 1, 2025) and restructure the mortgage debt on the Georgia property. 

The debtor reports $14.7 to $16.1 million in assets and $25 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-43514.

Top Unsecured Claims

Key Parties

Counsel:

• Kevin Nash
• Goldberg Weprin Finkel Goldstein LLP
• Email: knash@gwfglaw.com

Signatories:

• Mordechai Mendelovitz – Sole Member and Manager

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

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