GT Real Estate reports $2.51 million net operating loss for August

By Sarah Lizee

Olympia, Wash., Sept. 22 – GT Real Estate Holdings, LLC reported a $2.51 million net operating loss on zero revenue for August, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the company reported a $344,600 net operating loss on zero revenue for July.

The net loss for August was $2.55 million, compared to a net loss of $366,600 in July.

The company listed $712,693 in cash and cash equivalents at the end of August, compared to $736,549 at the end of July.

The Charlotte, N.C.-based real estate company filed Chapter 11 bankruptcy on June 1 under case number 22-10505.

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