Copper Property Trust portfolio sale to Onyx terminated; buyer sues; $2M deposit to be distributed

Copper Property CTL Pass Through Trust

Sale of remaining properties to Onyx Partners terminated Dec 26, 2025 because buyer failed to close.
Trust holds $2M of the $5M deposit; seeking remaining $3M from escrow; buyer disputes right to $3M.
Buyer sued Trust for specific performance or damages; Trust says it has strong defenses and will contest.
$2M deposit to be distributed to certificateholders of record Jan 9, 2026 as part of monthly distribution.
Trust to explore strategic alternatives for portfolio in early 2026, including whole/partial sales.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.