By Elias DaSilva | September 11, 2024.<\/p>\n
The real estate investment firm Tides Equities is in serious trouble right now as two more of its real estate investments in the Dallas-Fort Worth metropolitan area are scheduled to be auctioned in a new foreclosure, raising the total number of its properties affected by foreclosure or recovered by its lenders to five.<\/span><\/p>\n Tides Equities, a Los Angeles-based company known for making large loans to acquire multifamily properties, is struggling to stay afloat after attempting to expand very aggressively in the Dallas-Fort Worth area by purchasing a significant number of properties in a short period of time.<\/span><\/p>\n Although the auction date has not yet been set, it will take place at the Dallas County courthouse. The properties belonging to Tides Equities that are scheduled for auction and were purchased by the firm in 2022 are: Tides at Whispering Hills, a 314-unit complex at 13015 Audelia Road valued at $30.3 million; and Tides on Lawler East, a 204-unit complex at 13030 Audelia Road, with a market value of $30 million.<\/span><\/p>\n Previously, Tides Equities also faced foreclosure on three other properties in Fort Worth: Tides at Eastchase, Tides at Woodhaven, and Tides on Boca Raton South.<\/span><\/p>\n But Tides Equities, co-founded by Sean Kia and Ryan Andrade, is not the only real estate investment company facing problems in the state of Texas, as another major real estate firm known as GVA has also faced some foreclosures due to having a debt of over $600 million to date.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" By Elias DaSilva | September 11, 2024. The real estate investment firm Tides Equities is in serious trouble right now as two more of its real estate investments in the Dallas-Fort Worth metropolitan area are scheduled to be auctioned in a new foreclosure, raising the total number of its properties affected by foreclosure or recovered […]<\/p>\n","protected":false},"author":5,"featured_media":5338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,181,52,151],"tags":[],"_links":{"self":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts\/5337"}],"collection":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/comments?post=5337"}],"version-history":[{"count":2,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts\/5337\/revisions"}],"predecessor-version":[{"id":5344,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts\/5337\/revisions\/5344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/media\/5338"}],"wp:attachment":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/media?parent=5337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/categories?post=5337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/tags?post=5337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}