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IN RE CONSOLIDATED PROPERTIES LTD. PARTNERSHIP

Bankruptcy No. 90-4-3408-SD.

170 B.R. 93 (1994)

In re CONSOLIDATED PROPERTIES LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, D. Maryland, at Rockville.

July 13, 1994.

Attorney(s) appearing for the Case

Stephen E. Leach, Tucker, Flyer & Lewis, Washington, DC, for Consolidated Properties Limited Partnership, on behalf of Plan Sponsor.

Thomas Coughlin, Washington, DC, for beneficiaries.

John Spellman, Hopkins & Sutter, Washington, DC, for Citibank, F.S.B.

Kenneth Oestreicher, Whiteford, Taylor & Preston, Baltimore, MD, for Minnesota Mut. Life Ins. Co.

Bradley R. Duncan, Hunton & Williams, Fairfax, VA, for Hunton & Williams.

OPINION

DUNCAN W. KEIR, Bankruptcy Judge.

The Debtor seeks confirmation of a Fourth Amended Plan of Reorganization pursuant to 11 U.S.C. § 1129(b). The Debtor is the owner of two real estate projects consisting of an office building known as Concord and a business park known as Dale City. The Concord Property is impressed by a first lien in favor of Minnesota Mutual and the Dale City Property is impressed by a first lien in favor of Citibank...

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