21:27 10 February 2026
HREIT group fighting for survival; choice of reorganization or bankruptcy
Restructuring proceedings rather than bankruptcy are increasingly becoming the preferred path in cases involving companies from the HREIT group. Buyers, creditors, and the companies themselves are filing for court-supervised restructuring, while courts are opening proceedings or appointing temporary supervisors. This trend contrasts with the stance of the court-appointed administrator, who is pushing for bankruptcy. Key HREIT operating companies are already under restructuring, and further projects have court supervisors in place at the request of apartment buyers. Stakeholders argue that restructuring offers the best chance to complete unfinished housing projects, protect buyers’ funds, and maximize creditor recoveries.
Creditors representing nearly 40% of claims have supported this approach, reinforcing restructuring as the dominant and most constructive solution for the HREIT group.
