Filing Alert: Mountain Valley Apartments Chapter 11

NB Mountain Valley, DST and its debtor affiliate⁽¹⁾, a San Clemente, CA-based single-asset real estate trust owning the Mountain Valley Apartments student housing complex in Morgantown, WV, filed for Chapter 11 protection on Aug. 19 in the U.S. Bankruptcy Court for the Northern District of West Virginia.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-00456.

⁽¹⁾ NB Mountain Valley Leaseco, LLC.

Top Unsecured Claims

Key Parties

Local Bankruptcy Counsel:

• Stephen L. Thompson
• Barth & Thompson
• Email: sthompson@barth-thompson.com

General Bankruptcy Counsel:

• Raines Feldman Littrell LLP

Signatories:

• Patrick Nelson – Principal

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

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