The College of Saint Rose has filed for bankruptcy as it winds down its operations.

The college’s Board of Trustees announced last December that it would shut down at the end of the 2023-2024 academic year, citing financial difficulties and declining enrollment. The bankruptcy filing will contain information about the college’s assets and liabilities. College officials said in a statement that the filing will not interrupt the process to dispose of its real estate. The college is also working with the Attorney General’s Office to transfer its endowment.

“The Board of Trustees has been committed to ensuring that our students had a viable path forward to continue and complete their academic programs, that our faculty and staff were assisted in their transition, and that our alumni’s deep connection to their alma mater was honored,” said Saint Rose Board of Trustees Chairman Jeffrey D. Stone in a statement.

“As our attention turns to the wind down of operations and settlement of the College’s affairs, we have sought input from our neighbors in the Pine Hills community about the future of the campus, and are fulfilling our responsibility to protect the bondholders’ investment in the campus real estate. Today’s action supports those efforts,” Stone continued.

In June, the college hired Jones Lang LaSalle to market the college’s real estate.

The college will submit its Plan of Reorganization to the Bankruptcy Court for approval.