DBSI is awaiting further instructions from the Bankruptcy Court regarding the go-forward strategy of your property and we will have additional information posted by the end of this week. All properties of this category have been included in the voluntary chapter 11 filing by DBSI. The protection of Chapter 11 is in place which will allow the day-to-day operations of your property to continue. Simply put, your property will continue to receive full attention from Asset Management Services LLC while incorporated into the Chapter 11 filing. In this instance, the Chapter 11 bankruptcy means we will be communicating to you very soon as to the go-forward strategy of your property. Unfortunately, in the meantime, your options are limited with regards to the short-term operations of your property.
We have recommended that each property ownership group select a group representative or leader to better facilitate the organization and timeliness of information from Asset Management Services LLC to each property ownership group. In order to ensure that we have correct information on file, if you have not done so already, we ask that this representative / leader send their contact information to DBSI using the following email address: groupleaders@dbsi.com. Please include the following:
• Property Name
• Your Name
• Telephone Number (include all numbers)
• Email address
We have received this information from a majority of the properties. If you are a property representative / leader and have not yet done so, please forward this information as soon as possible. You will be contacted shortly thereafter by phone. Please note, in order to be a group leader you must (1) be a property owner and (2) be selected by your property ownership group.
We know that contact information has been posted online for many of the AMS Asset Managers and that many investors have tried to contact them individually. PLEASE NOTE: If you are not a Group Representative, please do not contact the Asset Manager. Please submit your requests or questions to your Group Representative who can facilitate the dialogue with the Asset Manager and will provide responses back to the group of owners. This will enable a more efficient flow of information across all owners and property groups.
If you are not a group leader and wish to contact DBSI, please email us at investorservices@dbsi.com
