In re Travis Property Owner LLC: Owner of 354-Unit The Travis Apartments Near Frisco Files Chapter 11 With ACORE as Creditor

Travis Property Owner LLC, a single-asset real estate entity that owns The Travis apartment community at 900 Gordon Heights Lane in Lakewood Village, Texas, filed a Chapter 11 petition minutes after midnight on October 6, 2026. Law360 reported that the debtor listed more than $50 million in debt, and the petition puts both assets and liabilities in the $50 million to $100 million range. Acore Capital Mortgage, L.P. appeared as a creditor the same day (a 2022 trade report says ACORE Capital financed the property's purchase with a $73.4 million loan), and a cash collateral motion and request for an expedited hearing were docketed on October 8.

Why it matters

The Travis is a 2021-vintage Class A suburban Dallas-area property bought in mid-2022 with short-term, interest-only acquisition debt, a financing profile that leaves little room when the loan term runs out. The case will test how much room a single-asset debtor has against its secured lender: SARE debtors face a 90-day deadline to file a confirmable plan or start paying interest, and the petition itself forecasts nothing for unsecured creditors. Lenders and owners holding similar short-term debt from 2021-2022 should watch the cash collateral terms and any stay-relief motion.

Case timeline · 4 entries Latest: October 9, 2026 — Court approves expedited hearing request; notice of hearing issued October 10

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