Limited Partnership Interest in Real Property

Shortly before filing, the Debtor was removed as the general partner of Dallas Prime Properties, L.P. and, as disclosed on Schedule B, the Debtor retained a 2% limited partnership interest. Dallas Prime Properties, L.P. owns a number of real properties and wrap notes. Attached is a list of the notes and properties. Dallas Prime Properties, L.P. appears to be controlled by Shaun McQuistion who testified at the 341 meeting as the corporate representative for the Debtor. The Trustee believes Dallas Prime (or its principal) would likely pay the estate the $20,000 for the estate’s 2% interest in the LP. The Trustee, of course, is interested in getting as much as possible.