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Published on 5/3/2011 in the Prospect News Distressed Debt Daily.

South Edge net loss grows to $49,950 in March on zero revenues

By Caroline Salls

Pittsburgh, May 3 - South Edge, LLC reported a $45,950 net loss for March on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Nevada.

In comparison, South Edge posted a $29,157 net loss for February, also on zero revenues.

The company had $496,419 in cash at March 31, down from $508,424 at the end of February.

South Edge is a joint venture between KB Home wholly owned subsidiary KB Home Nevada Inc. and a third-party property management firm.

The company had an involuntary bankruptcy case filed against it on Dec. 9. The Chapter 11 case number is 10-32968.


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