The owner of residential rental properties in South Tampa plans to sell more than two dozen locations after filing for Chapter 11 bankruptcy to avoid a fire sale.
Bartley Investments attributed the bankruptcy to a $3.5 million judgment handed down by a jury in Hillsborough County Circuit Court in February to conclude a two-year-long premises liability lawsuit filed against the firm. Bartley appealed the final judgment in April after Judge Paul Huey denied a request for a new trial, and the case is currently pending in Florida’s Second District Court of Appeal, according to court documents.