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Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

Summary by Bisnow
YSA Investments, an entity controlled by a former arms dealer and the inspiration for the 2016 film War Dogs, Efraim Diveroli, filed for Chapter 11 bankruptcy in Delaware in the middle of a multistate fight over control of a more than 25-property portfolio.  The bankruptcy claim effectively freezes litigation happening in Texas and other states while potentially offering Diveroli a path to taking over the properties from Oklahoma-based operator …
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Bisnow broke the news on Thursday, July 30, 2026.
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