13 Collier bankr.cas.2d 1400, Bankr. L. Rep. P 70,902 in Re Lewis W. Shurtleff, Inc. And Frontier Properties, Inc., Debtors. Thomas D. Elliott, Trustee v. Frontier Properties/lp 102/meadow Glen Arms/79

778 F.2d 1416 13 Collier Bankr.Cas.2d 1400 , Bankr. L. Rep. P 70,902 In re LEWIS W. SHURTLEFF, INC. and Frontier Properties, Inc., Debtors. Thomas D. ELLIOTT, Trustee, Plaintiff-Appellee, v. FRONTIER PROPERTIES/LP 102/Meadow Glen Arms/79, et al., Defendants-Appellants. No. 84-6213. United States Court of Appeals, Ninth Circuit. Submitted * Sept. 3, 1985. Decided Dec. 20, 1985. As Amended on Denial of Rehearings Jan. 23, 1986. Kevin J. Hoyt, Joel Estes, San Diego, Cal., for plaintiff-appellee. John M. Ross, San Diego, Cal., for defendants-appellants. Appeal from the United States District Court for the Southern District of California. Before SNEED, NELSON, and NORRIS, Circuit Judges. SNEED, Circuit Judge: 1 This is an appeal from an order of the district court setting aside as a voidable preference under 11 U.S.C. Sec. 547 (1982) the transfer of an apartment complex from the debtor-in-bankruptcy, Frontier Properties, to three limited partnerships. We affirm in part and vacate and remand in part. I. FACTS 2 Frontier Properties (Frontier) acquired the Cobble Square Apartments (the apartments) on April 20, 1979. In the transaction, the seller, Kenman, Ltd., assigned its interest in…