Dallas apartment investor loses Houston properties to foreclosures

[viky]

Jay Gajavelli  ee uncle motham M kudupindi , sanka naku pinchindu texas  lo chinna chinna real estate tycoons ne 

https://www.wsj.com/podcasts/the-journal/the-downfall-of-a-real-estate-empire/3a4d1a34-2653-4316-93ca-64c13f963332

The Downfall of a Real Estate Empire

Over the past four years, Jay Gajavelli built a real-estate empire using funds from small investors who wanted to make passive income. Last year, Gajavelli’s company owned more than 7,000 apartments in the Houston area. Now he’s at the center of one of the biggest commercial real-estate blowups in years. WSJ’s Will Parker details what happened and what it says about the housing market going forward.

[viky]

On 5/3/2023 at 9:45 AM, baabaa said:

Liberty Hill area lo ayyindi bhayya. Aa pool leader previous venture lo double ayyindi ani maa friend malli pettdau. Previous venture lo he invested 50K and got 98K back. Ee venture lo maa friend 100K pettadu and nenu enter ayyi 50K pettanu. Uppudu buyer ledu. Previous venture success chusi pettamu but market worst ayyi poindi. Maa group is spending money for marketing that land to various buyers but no response from anyone.

Sorry for you man, gatham gatha anukutu mundhu veli povadame, meru andaru common equity  kindaki ostaru in the Capital stack, who gets paid last in the event of bankruptcy or forclosure.

[kevinUsa]

7000 ante peddade

[Mr Mirchi]

Matter in 2 lines pls