Turner Development, LLC has formally initiated a bankruptcy protection process. The Washington, D.C.-based real estate developer, founded in 2016, is seeking to reorganize its finances through the court-supervised process. Operations are expected to continue under court supervision.
Turner Development, LLC Enters Chapter 11 Bankruptcy
Turner Development, LLC voluntarily submitted a Chapter 11 petition on February 23, the latest case details on PACER state. The real estate developer’s proceedings are currently being conducted in the U.S. Bankruptcy Court for the District of Columbia.
Court records also mention that attorney Kristen E. Burgers of Hirschler Fleischer PC is the legal representative in the latest case. CEO Tracey D. Turner signed the petition as the company’s authorized representative.
Company Background
Turner Development, LLC has been serving as a real estate development and construction-based company since its establishment in 2016. Led by founder and CEO Tracey Turner, the firm has completed large-scale residential and mixed-use projects across the region.
Based in the Washington, D.C., metro area, the real estate development company’s services cover a range of commercial, rehab, mixed-use, and residential projects. Some of its current projects include Weeping Willows, The Town Center, Old Aiken Hospital, and Monticello Estates Townhomes.
Through its several years of operation, Turner Development, LLC has completed 115 projects and delivered a total project value of $100 million. The company website says that the real estate development company currently has more than 700 units in progress.
Case Related Details
Filing details state that attorney Kristen E. Burgers, on behalf of Turner Development, LLC, submitted the Chapter 11 petition for a fee amount of $1,738. Here are some more case related details:
- Filing Date: February 23, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Columbia
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-00077
- Estimated Assets: $1,000,001-$10 million
- Estimated Liabilities: $1,000,001-$10 million
- Reason for Filing: Restructure business under court supervision
As of now, Turner Development, LLC owes roughly 49 creditors in total. Court filings indicate that funds will be available for distribution to the unsecured creditors.
According to case details on Bankruptcy Observer, the attorney submitted a Certificate of Resolution, a list of creditors who have the 20 largest unsecured claims and who are not insiders, and a creditor matrix in the court.
Filing details further show that the deadline for government entities to file their claims is August 24.
The bankruptcy filing of Turner Development, LLC marks a notable step in its attempt for a court-supervised process to restructure the company’s debts. Its financial future now depends on impending filings and deadlines.
