IP OF A WEST OAKS MALL

Industry

Real Estate | Shopping Mall

DSI'S Role

Chapter 11 Trustee

Services Provided

  • Business Plan Analysis
  • Debtor Advisory

IP OF A WEST OAKS MALL

Case Highlights

  • Managed the Chapter 11 of a shopping mall
  • Sold non-core assets and downsized remaining business
  • Worked with lenders on strategy operations and a plan of reorganization

Case Narrative

DSI was appointed as a Chapter 11 Trustee of this group of debtors that owned and operated IP of A West Oaks Mall, an enclosed regional shopping mall in the Western suburbs of Houston, Texas.  The approximately 1.1 million square foot mall includes five anchor sites along with 500,000 inline mall space for national and local retailers.

As part of the Chapter 11, the Trustee and DSI participated in the negotiation for use of cash collateral with the lender, undertaken a solicitation process to sell the mall and prepared a plan of reorganization to address the complex capital structure of the debtors, lenders and other contractual obligations of parcel lease interest holders, tenants and general trade creditors. Ultimately, the debtors’ plan was confirmed and the property was sold.