BSPV-Plano reports $687,780 net loss for August

By Sarah Lizee

Olympia, Wash., Sept. 21 – BSPV-Plano, LLC reported a $687,780 net loss on $36,219 of gross income or sales for August, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Eastern District of Texas.

In comparison, the company reported a $613,311 net loss on $31,662 of gross income or sales for July.

The company had a cash balance of $87,666 at the end of August, down from $122,116 at the end of July.

The Plano, Tex.-based company was formed in May 2018 to acquire, own, develop and operate an independent senior luxury apartment community known as the Bridgemoor at Plano. It filed Chapter 11 bankruptcy on March 1, 2022 under case number 22-40276.

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