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Portland developer John Beardsley stands to lose several of his properties after filing for Chapter 11 bankruptcy in November.

A statement of disclosure filed March 19 includes a plan of reorganization, which outlines deeds in lieu of foreclosure, loan restructuring or sale of Beardsley’s 18 Portland properties.

Beardsley’s bankruptcy attorney Albert Kennedy of Tonkon Torp LLC said the reorganization plan isn’t final and most buildings will likely be deeded back to their crediting banks.

The reorganization plans calls for the Oregon Pioneer Building, at 409 S.W. Third Ave. in Portland, to be deeded bank to its lending bank, M&T Bank. The plan also calls for the Gearhart House, at 1768 Ocean Drive in Gearhart, Ore., to be sold by Beardsley with the proceeds going to M&T Bank.

The disclosure statement will face a court hearing May 10, but Kennedy said he doesn’t anticipate confirmation until mid-summer.

Beardsley’s company Fountain Village Development owns and manages 18 historic Portland properties.

• New Market Theatre Block, comprised of the New Market Theater Building and the Fountain Village Building, lent by Telesis Community Credit Union and valued at $5,650,000
• Patrick and Poppleton Buildings, lent by M&T Bank and valued at $2,140,000
• Loyalty and Hamilton Buildings, lent by M&T Bank and valued at $8,620,000
• Blagen Building, lent by M&T Bank and valued at $3,800,000
• Oregon Pioneer Building, lent by M&T Bank and valued at $6,430,000
• Postal Building, lent by M&T Bank and valued at $4,970,000
• Gearhart House, lent by M&T Bank and valued $1,025,000
• Yeon Building, lent by First Independent Bank and valued at $11,210,000
• Fountain Village Block, comprised of three buildings located at 15-27 S.W.
  Second Ave., 9-13 S.W. Second Ave. and 16 S.W. Third Ave., lent by First Independent Bank and valued at $5,690,000
• 5 NW 5th, lent by Fairway America LLC and valued at $810,000
• 11 NW 5th, lent by Riverview Community Bank and valued at $1,059,400.19
• Jazz de Opus, lent by Sam and Michele Pishue and valued at $1,675,000
• 522 NW Thompson, lent by HMS Investment, Inc. and valued at $1,400,000