NJ National Realty Hits Ch. 11 Developer With Over $500 Million In Debt

By Rick Archer (June 8, 2022, 11:39 a.m. EDT) – East Coast real estate investment and development firm National Realty Investment Advisors and its affiliates filed for Chapter 11 protection in New Jersey bankruptcy court with over $500 million in debt.

Bankruptcy petitions filed with the court on Tuesday pegged the liabilities of the company’s wholly owned subsidiary NRIA Partners Portfolio Fund I at between $500 million and $1 billion, with between $50 million and $100 million in assets.

On its website, the NRIA describes itself as a “vertically integrated real estate investment, management and development company” focused on the development and renovation of residential properties in East Coast urban markets, listing projects. .

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