District Lifestyle Wylie files Chapter 11 bankruptcy in Texas

By Sarah Lizee

Olympia, Wash., Oct. 3 – District Lifestyle Wylie LLC filed Chapter 11 bankruptcy on Friday in the U.S. Bankruptcy Court for the Eastern District of Texas.

The company said funds will be available for distribution to unsecured creditors.

A meeting of creditors is scheduled for Oct. 28.

In its petition, the company listed $50 million to $100 million in assets and $50 million to $100 million in liabilities.

Its largest unsecured creditors are Post Road Real Estate Finance LLC, based in Stamford, Conn., with a $34.5 million claim, Crestline Makena Fund, LP, based in Fort Worth, with a $7.8 million claim, 4X Ventures, LLC/JMM Enterprises LLC, based in Frisco, Tex., with a $4 million claim, and Gonzalez Concrete, based in Euless, Tex., with a $1.4 million claim.

The Wylie, Tex.-based single asset real estate company filed bankruptcy under Chapter 11 case number 22-41280.

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