ATLANTA-A major owner and manager of apartment buildings in the local metropolitan area has filed for Chapter 11 bankruptcy protection. Atlanta-based Miles Properties Inc. and 12 affiliated companies filed for bankruptcy protection earlier this month.

The Jan. 8 filing included companies that own five Georgia apartment complexes: Highland Gardens in Chamblee, Highland Brooke and Highland North in Atlanta, Highland Estates in Decatur and Highland Enclave in Clarkston. Some of the company’s properties in other states also were included.

The move follows the bankruptcy filing of Miles Properties owner Daniel J. Miles in December. Creditors filed a petition for involuntary Chapter 7 bankruptcy liquidation against Miles, then Miles had the case converted to a Chapter 11 bankruptcy reorganization.

Click here to read more from the Atlanta Journal-Constitution.

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