NB Vue Mac, DST reached full cycle on March 6, 2024, when the Texas Southern Bankruptcy Court confirmed a Chapter 11 plan and approved a bankruptcy sale of the trust's Houston-area Vue Mac property to satisfy creditor claims.
The petition dates to July 6, 2021, filed as case 4:21-bk-32292 before Judge Marvin Isgur and jointly administered with NB Loft Vue, DST. The record carries no statement of why the Chapter 11 was filed.
The two signals in the record do not fully agree on how to label the exit. Top1031's structured record classifies the disposition as a foreclosure. The case record describes a confirmed plan and a court-approved sale rather than a completed foreclosure of title; this report follows the case record and notes the classification as it stands.
The offering itself was small and single-asset. Its first Form D, filed under Rule 506(c), covered one Houston-area property classed as other real estate.
On the record | |
|---|---|
First Form D | January 12, 2016 |
Offering ceiling | $14,871,000 |
Minimum investment | $50,000 |
Hold to confirmed plan | 8.1 years |
Neither a sale price nor any return to investors appears in the record. Top1031's record names no sponsor for the offering.