secwatch.observer — SEC 8-K summary
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Issuer:     PILLARSTONE CAPITAL REIT (—)
CIK:        0000928953
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001437749-23-033430
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pillarstone subsidiary files Chapter 11 to halt foreclosure on $14.4M loan
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- Whitestone Uptown Tower, LLC filed Chapter 11 on Dec 1, 2023, in Northern District of Texas.
- Default on $14.4M principal mortgage loan; total payoff estimate $18.8M including $6.5M default interest.
- Filing halts foreclosure sale scheduled for Dec 5, 2023; dispute with Whitestone REIT blocked property sale.
- Whitestone REIT subsidiary is guarantor; Delaware Chancery Court trial held July 2023 awaiting decision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928953/000143774923033430/0001437749-23-033430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928953/000143774923033430/pscr20231201_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-033430

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