Petra funds record $78,710 net loss for February on $8,817 in sales

By Lisa Kerner

Charlotte, N.C., March 16 - Petra Offshore Fund LP and Petra Fund REIT Corp. posted a $78,710 net loss for February on $8,817 of revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the Petra funds posted a $104,663 net loss for January on revenues of $8,821.

The companies had $496,458 of operating cash at Feb. 28, down from $575,169 at the end of January.

Petra Fund REIT is a New York-based real estate investment trust. The companies filed for bankruptcy on Oct. 20. The Chapter 11 case number is 10-15500.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.