Twelve apartment properties valued at a total of $384 million are facing potential foreclosure and are scheduled to face the auction block on Tuesday. The increase in multifamily property filings is up from just a few last month, according to a report by Maddy McCarty from BisNow. The steady rise of foreclosures in these types of properties indicates that property owners are struggling to pay off their loans, most of which are at least $10 million in size.

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