Case filing & court posture: Buckingham Senior Living Community, Inc., operator of "The Buckingham" continuing care retirement community in Houston, filed its second chapter 11 petition on November 17, 2025, in the Northern District of Texas (Case No. 25-80595). Dkt. 1 Judge Michelle V. Larson presides. The Debtor's first bankruptcy concluded in November 2021; this refiling was driven by failed post-emergence occupancy projections and shifting demand for traditional CCRC models. Dkt. 21
Liquidity & financing path: The Debtor secured a $4 million DIP facility from UMB Bank, N.A. at 12% interest, with $1 million available on an interim basis. Dkt. 19 The Court entered the interim DIP order on November 19, 2025 Dkt. 50 and the final DIP order on December 29, 2025. Dkt. 180 At filing, the Debtor carried approximately $168.84 million in outstanding revenue bonds held by UMB Bank as bond trustee and roughly $106 million in entrance fee refund obligations.
Sale process & auction: The Debtor pursued a section 363 sale with Focus SH Acquisitions LLC as stalking horse bidder. The Court approved bidding procedures on December 16, 2025. A competitive auction held January 21–22, 2026 resulted in Focus SH Acquisitions LLC as the successful bidder at $116.4 million in cash consideration, plus a $12 million rent rebate, a $750,000 healthcare discount program, and a $20 million capital expenditure commitment over four years.
Sale approval: The Court approved the asset purchase agreement and the sale on February 4, 2026. Dkt. 266 Kong Capital LLC was designated the back-up bidder.
Current status: The case remains open and active as of February 2026, pending closing of the sale transaction.