Nord Group Files For Chapter 11 Bankruptcy Protection

11 March 2026

A self-described “inexperienced” multifamily investor filed for bankruptcy protection on a Houston apartment property — again.

Nord Group, which is based in New York, sought Chapter 11 protection for Huntington Glen Apartments, at 12023 Bissonnet Street, according to a filing on Friday in U.S. Bankruptcy Court for the District of Delaware. The landlord estimated it has between 50 and 99 creditors and between $500,001 and $1 million in debts.

Delaware marks the third venue in which Nord Group has filed for Chapter 11 protection for Huntington Glen. The landlord, led by Saqif Nord, filed for bankruptcy protection for the property in New York on June 25. The case was transferred to Texas bankruptcy court on Nov. 7 after Fannie Mae asked the court to consolidate Nord Group’s Chapter 11 cases in Texas.

Since November 2024, Nord has sought protection for eight Texas properties, not including Huntington Glen:

Miramar Townhomes, at 2380 Bering Drive in Houston;
Toro Place, at 12101 Fondren Road in Houston;
The Avenue Apartments, at 5050 Yale Street in Houston;
Mosaic Apartments, at 4025 Burke Road in Pasadena,
Edgewater Apartments, at 514 That Way in Lake Jackson;
Park at Crestview, at 8200 Research Boulevard in Austin;
Serenity Residences, at 6400 Wurzbach Road in San Antonio; and
Mosaic at Medical Apartments, at 5380 Medical Drive in San Antonio.

Nord Group said it was “inexperienced and unfamiliar” with multifamily commercial real estate in the bankruptcy filing for Miramar Townhomes, Toro Place and the Avenue Apartments.

Fannie Mae is asking the Delaware court to dismiss the newest case after Nord’s Chapter 11 cases were dismissed in Texas in January. In a motion on Monday, Fannie Mae claimed Nord sought bankruptcy protection for Huntington Glen to put off giving up control of the property to a receiver, which was appointed in Harris County Court on Feb. 19.

Fannie Mae disputes Nord Group’s claims about its creditors and debts, noting it’s facing default on a $37 million loan tied to the property, while claiming to have between $500,001 and $1 million in liabilities on the bankruptcy filing. Deed records show Nord Group bought the 364-unit property in 2021 with a $37.1 million loan from Arbor Realty Trust.

Fannie Mae also claims the case should be dismissed because there’s “no possibility of successful reorganization” for Nord Group, which abandoned a Chapter 11 plan for Miramar Apartments, Fannie Mae alleges.