DBSI, a real estate company, files for bankruptcy

NEW YORK, Nov 10 (Reuters) - DBSI Inc, a real estate investment company that has said it has properties in 34 U.S. states, filed for Chapter 11 bankruptcy protection on Monday, court records show.

The Meridian, Idaho-based company and more than 140 affiliates filed for protection from creditors with the U.S. bankruptcy court in Wilmington, Delaware. DBSI said it has between $100 million and $500 million of both assets and liabilities, and between 1,000 and 5,000 creditors.

Earlier this year, DBSI said it manages more than 18.6 million square feet of space, encompassing 280 properties with a total value of more than $2.65 billion. The company said it specializes in real estate acquisition and development.

DBSI joins a growing list of real estate companies to file for bankruptcy protection in the worst U.S. housing market in decades, and amid expectations the economy may face a deep recession. (Reporting by Jonathan Stempel; Editing by Steve Orlofsky)