POST BANKRUPTCY CONFIRMATION
PLAN ADMINISTRATOR AUCTION
BID DEADLINE: May 13, 2026
AUCTION: May 18, 2026
STALKING HORSE: $260,000
MINIMUM OVERBID: $300,000
- Auction of a 28.03% equity interest in 5CP, LLC, owner of Spectra Boutique Apartments - a renovated 190-unit, 12-story multifamily high-rise in downtown Hartford's CBD.
- 2025 positive full-year NOI.
- 2025 positive full-year net income after debt service
- Occupancy Rate: Exceeded 90% (12/31/2025).