Inspired Healthcare Capital Properties Sold for $713 Million in Texas Bankruptcy
1 report, 1 independent
Updated Oct 9
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What happened
A federal judge in Texas approved the sale of 30 properties controlled by Inspired Healthcare Capital, with the sale price totaling $713 million. Inspired Healthcare Capital, which was founded by Luke Lee, declared bankruptcy in February.
From investmentnews.com
Why it matters
Despite the high sale price, a plaintiff’s attorney stated that many, if not most, DST investors are likely to lose at least some of their principal investment. There are ongoing disputes regarding how the proceeds from the sale will be divided.
From investmentnews.com
Who's involved
- Luke LeeFounder of Inspired Healthcare Capital
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The entities involved
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Securities and Exchange Commission
government agency of the Philippines
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Luke Lee
Singaporean actor
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