TULSA, Okla. — The company who owned Ivy Place Apartments, T.E.H. Realty, will not be in court on Friday.
This comes after the company was due in court on Friday afternoon.
Officials with Judge LaFortune’s Offices say there will not be a hearing at 4 pm. because "both parties agreed on an order appointing receiver."
Last week, the city had the water turned off at the apartments for not paying its bills.
It's been fixed, but Friday, the property owner is due in court to face a lawsuit on several other issues.
The company, T.E.H. Realty, is facing a more than $7 million lawsuit.
It said the apartments are in serious disrepair and the company isn't repairing it, despite having the money to do so.
It states the company still owes $7.7 million on their mortgage loan.
Court documents show the court could appoint a receiver today to take over the funds received from Ivy Place.
2 Works for You reached out to Ivy Place Apartments management.
In a statement, the assistant manager said they are in part, "in the middle of a transition."
The statement also said they no longer answer to T.E.H. Realty.
It went on to say, "T.E.H. has a poor reputation with paying bills, as well as their employees. Our entire team did not receive their pay in November 2019."
Management said with this transition, they have faith things will get better for all of their residents.
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