Dallas-based Lurin is facing foreclosures on $383 million worth of loans tied to multifamily properties in the Florida Panhandle.

The owner of these prominent but aging office towers faces an uphill battle after a $223 million loan matured last year.

Tax documents show the nonprofit managing the downtown DoubleTree consistently operated in the red since 2014, with annual losses exceeding $1 million before the recent sheriff's auction.

The Gateway at Wynwood office building and a neighboring bank office could be sold out of bankruptcy through an auction.

“The DoubleTree went into foreclosure, and it was purchased on Friday, March 28, for the sum of $20 million,” said Brandon Krause, the Bay County register of deeds.

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