Highland Capital seeks OK to sell Dallas property for $9.75 million

By Sarah Lizee

Olympia, Wash., July 9 – Highland Capital Management, LP is seeking court approval to sell property located in Dallas owned by Maple Avenue Holdings, LLC, according to a motion filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.

Highland is the sole member and managing member of Maple Avenue Holdings.

Stonelake Capital Partners has agreed to purchase the property for $9.75 million.

Highland Capital Management is a Securities and Exchange Commission-registered investment adviser on Dallas-based Highland Capital Management’s global alternative investment platform. The company filed bankruptcy on Oct. 16, 2019 in the U.S. Bankruptcy Court for the District of Delaware. The case was later transferred to the Texas court under Chapter 11 case number 19-34054.

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