WC Braker Portfolio names Braker Metric winning bidder for assets

By Sarah Lizee

Olympia, Wash., Feb. 17 – WC Braker Portfolio, LLC named Braker Metric Business Parks, LLC as the winning bidder for its assets, according to a notice filed with the U.S. Bankruptcy Court for the Western District of Texas.

ATX Braker SR, LLC, the stalking horse bidder, was named next highest bidder.

The stalking-horse bid was $75.46 million, structured as a credit bid of the mortgage loan.

There is a $125,000 expense reimbursement under the stalking-horse agreement.

Details of Braker Metric’s bid were not disclosed in the notice.

A sale hearing is scheduled for Feb. 23.

The debtor is a borrowing entity of World Class Property Co., a real estate investment company based in Austin, Tex. WC Braker filed bankruptcy on May 2, 2022 under Chapter 11 case number 22-10293.

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