Northwest Senior Housing Corporation

Northwest Senior Housing is on a plan-driven reorganization path built around a sponsor-backed chapter 11 plan, with no confirmation order or effective-date information reflected in the supplied record. The Dallas CCRC filed on April 14, 2022 after COVID-era operating pressure, lower occupancy, higher costs, roughly $112 million of bond debt, and substantial contingent entrance-fee refund exposure left the debtor seeking a balance-sheet restructuring while continuing resident care, as described in the Harshfield first-day declarationDkt. 7.

The case began with Northwest Senior Housing’s own voluntary petition and an affiliated Senior Quality Lifestyles filing, while the debtor also opened litigation against Intercity Investment Properties and Kong Capital tied to a disputed ground-lease issue that management identified as part of the restructuring problem set in the first-day papers. The operating business at filing was Edgemere, a 16.25-acre Dallas continuing care retirement community with independent living, assisted living, memory care, and skilled nursing components, managed day to day by Lifespace; the first-day declaration framed the chapter 11 objective as preserving resident services and estate value while addressing short- and long-term liquidity needs through first-day relief, including continued cash management and use of cash collateral through the debtor’s existing operating structure Harshfield first-day declarationDkt. 7.

The capital structure centered on prepetition retirement-community revenue bonds for the Edgemere project, including Series 2015A, Series 2015B, and Series 2017 bonds, reflected in the . By February 2023, the case had moved from first-day stabilization and creditor litigation into a proposed reorganization transaction: the debtor and UMB Bank filed the , sponsored by the plan sponsors and structured as a reorganization rather than a liquidation or sale.