ZOM affiliate files for bankruptcy after $308M Arizona judgment, seeks to sell its assets
A ZOM Living entity filed for bankruptcy with plans to sell substantially all of its assets, marking the fallout from a massive $308.6 million judgment entered against the company this spring tied to an Arizona property dispute. Affiliates of Winter Park, Florida-based ZOM, which is a prolific multifamily and senior housing developer and investor, filed its Chapter 11 reorganization petitions on Oct. 30 in Florida’s middle district, records show. Entities ZOM Holding Inc., ZOM Associates and ZH Development I each filed bankruptcy petitions, though the court approved joint administration of their filings. ZOM Holding Inc. doesnt own any of ZOM […]This article originally appeared on The Real Deal. Click here to read the full story.
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