Kopley ordered to honor buyback guarantee at Renaissance Lofts

In February we introduced you to David Derk, an owner at the Renaissance Lofts in Rogers Park who wanted to exercise The Kopley Group‘s buyback guarantee on his unit. Three closing dates came and went with no action from Kopley, and Derk reluctantly filed suit in January to force the issue.

We learned today that the court has ruled in Derk’s favor, and The Kopley Group must repurchase his home by June 13. According to the decrees Derk forwarded us, Kopley failed to appear or answer its summons.

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