White & Case advises CBRM Realty Inc. on approval of chapter 11 exit plan

Global law firm White & Case LLP has advised CBRM Realty Inc. on approval of its chapter 11 plan, which was confirmed by the US Bankruptcy Court for the District of New Jersey on September 4, 2025.

CBRM's chapter 11 plan—which was accepted by nearly all of its creditors—facilitates the sale of the 110-unit Kelly Hamilton affordable housing complex in Pittsburgh, Pennsylvania to the stalking horse bidder, an affiliate of the property's existing property and asset manager.

The transaction will secure millions of dollars of new capital to recapitalize and rehabilitate the property. CBRM's chapter 11 plan also provides for the creation of a litigation trust that will pursue potential claims and causes of action against various parties for the benefit of CBRM's unsecured creditors.

The White & Case team is being led by Financial Restructuring and Insolvency partner Gregory Pesce (Chicago), and includes partners Laura Baccash (Chicago) and Samuel Hershey, and associates Barrett Lingle, Peter Giovine, Jacko Walz (all in New York), Sam Kava, Devin Rivero, Gabriela Delgado, Anais Mitra (all in Miami) and Alonso Aquije (Chicago); Real Estate partners David Pezza (Chicago) and David Viklund and associates Nadine Pepin (both in New York) and Reilly Gaertner (Chicago); White Collar partner Joel Cohen (New York); and Tax partner Scott Fryman (New York). Law clerk Lucas Curtis also assisted on this matter.

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