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§ 101(51B)

Chen Found., Inc., In re

Ruling
Debtor was not a single asset real estate debtor given that the property contained a culturalcenter. (Bankr. S.D.N.Y.)
Issue(s)
Definitions; “Single Asset Real Estate”.

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Commercial opinion summary, case decided on July 17, 2024 , LexisNexis #0924-026

Nuovo Ciao-Di, LLC, In re

Ruling
Condominiums did not constitute "single asset real estate" as creditor did not sufficiently establish that the properties were linked by a common plan or scheme. (Bankr. S.D.N.Y.)
Issue(s)
Definitions; “Single Asset Real Estate”.

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Commercial opinion summary, case decided on May 19, 2023 , LexisNexis #0723-026

In re Kachina Vill. LLC

Ruling
Debtor's undeveloped property constituted single asset real estate.
Issue(s)
Whether secured creditor's collateral should be designated "single asset real estate?"

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 05, 2015 , LexisNexis #1015-001

In re Alvion Props.

Ruling
Court could not determine that debtor's case was a single asset real estate case based on mere expressions of intent.
Issue(s)
Was debtor a single asset real estate (SARE) within the meaning of 11 U.S.C.S. § 101(51B), thereby subjecting it to the more stringent deadlines set forth in 11 U.S.C.S. § 362(d)(3).

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Commercial opinion summary, case decided on September 17, 2015 , LexisNexis #1015-036

In re Carolina Pediatric Eye Props. LLC

Ruling
Case designated as single asset real estate case.
Issue(s)
Should case concerning commercial real property be designated a single asset real estate case?

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Commercial opinion summary, case decided on March 26, 2015 , LexisNexis #0515-071

In re Hassen Imps. Pship

Ruling
Debtor's holdings did not constitute single asset real estate as noncontiguous leased parcels did not function as a single project.
Procedural posture

Movants, two city community development commissions (CDCs), asked the court to rule that the holdings of debtor limited partnership, a real estate developer that had leased certain real estate to affiliated entities, constituted "single asset real estate" (SARE) as that term was defined by 11 U.S.C.S. § 101(51B) so that the conditions for relief from stay in 11 U.S.C.S. § 362(d)(3) were met.

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Commercial opinion summary, case decided on March 07, 2012 , LexisNexis #0412-106

In re Iowa Hotel Investors LLC

Ruling
Case of debtor who operated two hotels was not a single asset real estate case.
Procedural posture

In a chapter 11 case, a creditor filed a motion to designate the proceedings as a single-asset real estate case under 11 U.S.C.S. §§ 101(51B) and 362(d)(3).

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Commercial opinion summary, case decided on December 02, 2011 , LexisNexis #1211-106

In re Scotia Dev. LLC

Ruling
Debtor who conducted timber harvesting on multiple properties was not a single asset debtor.
Procedural posture

A bankruptcy debtor owned private timberland and the exclusive right to harvest timber from additional private timberland owned by subsidiaries of the debtor. A committee of noteholders moved for a determination that the debtor was a single asset real estate debtor under 11 U.S.C. § 101(51B) and was thus subject to the provision for relief from the automatic bankruptcy stay under 11 U.S.C. § 362(d)(3).

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opinion summary, case decided on April 05, 2007 , LexisNexis #0707-036