Whitestone Uptown Tower, LLC filed an amended motion in the US Bankruptcy Court for the sale of its substantially all its assets on April 2, 2024. The debtor seeks the Court?s approval for the sale of substantially all assets to Dogwood Capital Management, LLC. The stalking horse bidder would be entitled to a break-up fee of $0.20 million and expense reimbursement of $0.05 million in case of termination of the asset purchase agreement.

The sale hearing shall be scheduled for July 1, 2024 and sale closing shall be occurred on July 31, 2024.