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U.S. Bankruptcy Tracker: Real Estate Breaks Chapter 11 Lull

  • Hotel REIT among large bankruptcy filers in latest week
  • Rising rates to drive next Chapter 11 wave, lawyer says

The real estate sector last week broke a short-lived lull in U.S. bankruptcy court filings, with two companies seeking protection from creditors.

Hospitality Investors Trust Inc. -- a real estate investment trust that owns about 100 hotels across the U.S. -- entered Chapter 11 protection last week with a plan to hand control to a Brookfield Asset Management affiliate. Synrgo Inc., which handles document recording for real estate sales, also filed for bankruptcy last week in California amid a dispute with a key lender.