Shaya Wurzberger Surrenders Chicago Apartment Properties
The property owner transferred two buildings via deeds in lieu after defaulting on bridge loans.
Updated on Oct. 15, 2026 in Apartments
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In September 2026, property owner Shaya Wurzberger transferred two Chicago apartment buildings to Churchill Real Estate via deeds in lieu of foreclosure. These transfers follow defaults on bridge loans for properties in Roseland and North Lawndale.
Why it matters
The transfers resolve issues involving defaulted loans, unpaid taxes, and municipal code violations for the affected properties. Tenants in these buildings face ongoing uncertainty regarding property management as the landlord continues to navigate multiple legal challenges.
Shaya Wurzberger transferred a 50-unit building in Roseland and a property in North Lawndale to settle loans of $1.9 million and $637,950. These assets are part of a larger portfolio that included over 500 units acquired since 2022.
The players
Shaya Wurzberger
A property owner who has acquired over 500 apartment units in Chicago since 2022.
Churchill Real Estate
A real estate entity that acquires distressed debt and property assets from developers.
A&S Capital
A lender that previously issued bridge loans for various Chicago multi-family properties.
The details
The owner surrendered the deeds to avoid formal foreclosure lawsuits after defaulting on bridge loans. These debts were originally issued by A&S Capital before being assigned to Emilion Capital and subsequently transferred to Churchill Real Estate. The properties had accumulated various municipal code violations and unpaid tax liabilities, which prompted the lender to pursue recovery through these deeds in lieu of foreclosure.
Timeline
July 2022: A&S Capital issued loans to Shaya Wurzberger.
January 2026: Churchill Real Estate filed a foreclosure suit for the 17th Street property.
March 2026: Shaya Wurzberger listed 22 mobility zone properties for sale.
September 2026: Shaya Wurzberger surrendered properties to Churchill Real Estate.
Money Landscape
This development follows a period of rapid expansion for the landlord, who acquired over 500 units across Chicago since 2022. The current transition reflects broader distress in portfolios managed by entities like Levav Properties amid increased regulatory scrutiny.
Tenants in buildings managed by large-scale landlords facing financial distress should monitor their lease agreements and communication from property management. If you are uncertain about your housing security, consult a local tenants rights organization or a legal professional.
The takeaway
The surrender of these properties highlights the significant financial pressure facing developers who used bridge financing for large-scale acquisitions. Tenants should keep copies of all rent payment receipts and lease documents in case of changes in property ownership or management.
What happens next
A hearing in the separate $12 million foreclosure lawsuit brought by Roc360 is scheduled for November 4, 2026.
Further reading
For more on local market trends, see Chicago Apartments.
Source note: This article includes information reported by The Real Deal New York.
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