Huntington Glen Apartments in southwest Houston is back in bankruptcy court yet again, and the numbers are starting to feel like a broken record. Nord Group, a New York-based multifamily operator that has repeatedly described itself in filings as “inexperienced and unfamiliar” with multifamily commercial real estate, sought Chapter 11 protection in Delaware on Friday for the 364-unit complex at 12023 Bissonnet Street. It is the third time this same property has landed in bankruptcy. The company lists between 50 and 99 creditors and estimates its liabilities at $500,001 to $1 million, even as lenders and a court-appointed receiver close in to take control of the asset, as reported by The Real Deal.
Lender moves to shut the case down
According to The Real Deal, Fannie Mae has already asked the Delaware court to toss the latest filing. The agency argues Nord is using Chapter 11 as a stall tactic to avoid handing Huntington Glen over to a receiver that Harris County appointed on Feb. 19. Fannie Mae says Nord is in default on a roughly $37 million loan tied to the property and that another reorganization attempt is unlikely to stick.
Court history and docket trail
The new case did not appear out of thin air. Court dockets show the owners of Huntington Glen first filed for Chapter 11 in the Eastern District of New York on June 25, 2025. After lender motions, that matter was transferred to Texas, where earlier Chapter 11 attempts were ultimately dismissed. Summaries of the prior filings and transfers, including the debtor name Huntington Glen SWNG TIC 1 LLC and related case activity, are compiled from PACER and posted on Bankruptcy Observer.
Operator’s bumpy Texas track record
Nord Group’s Houston headaches are not confined to Huntington Glen. The company has sought bankruptcy protection for multiple Texas properties since November 2024, repeatedly noting in court papers that it is still learning the ropes of multifamily commercial ownership. At least one of its Houston loans shifted to special servicing last year, a sign that performance problems were spreading across the portfolio, as reported by The Real Deal in March 2025.
On the ground at Huntington Glen
While the legal drama plays out, Huntington Glen still presents itself online as a straightforward, garden-style complex at 12023 Bissonnet Street with roughly 364 units under Nord Group’s management. Apartment listing sites and property directories continue to display community details and leasing contacts, a sign that day-to-day operations remain publicly visible even as ownership control is argued in court. The complex is listed on ApartmentHomeLiving.
What comes next for Bissonnet tenants
Fannie Mae’s motion in Delaware contends there is little realistic chance Nord can pull off a successful reorganization. If the judge agrees and dismisses the case, the receiver or lender will likely move more quickly to stabilize, sell or otherwise resolve the troubled asset. That next phase could reshape everything from who collects the rent to how repairs get prioritized.
Creditors, tenants and local contractors now face a two-track legal maze, with key decisions split between the Delaware bankruptcy docket and Harris County court filings. Hearing dates and upcoming orders will determine who ultimately controls Huntington Glen and how the property’s financial problems ripple through the surrounding community…