Owner of 18 Sioux Falls apartments declares Chapter 11 bankruptcy

Owner of 18 Sioux Falls apartments declares Chapter 11 bankruptcy

SIOUX FALLS, S.D. (KELO) -- Tzadik Management owns and operates 18 apartment complexes in Sioux Falls. The Arnolds Park Apartments is one of them. The Chapter 11 bankruptcy documents were filed in the Southern District of Florida Bankruptcy court. They say Tzadik owes hundreds of thousands of dollars to local businesses. Since buying the apartments starting in 2018, Tzadik has been the subject of hundreds of complaints from insect infestations t…

On Wednesday this week, Minister of Climate and Environmental Protection Andreas Bjelland Eriksen must answer for himself in the Storting's question time.

Tzadik files for Chapter 11 on Sioux Falls Properties – South DaCola

This of course can mean there may be bank auctions on the properties. I have suggested to city officials that they purchase 2-3 buildings, convert them to studio transitional housing, gift the repaired properties to the St. Francis house and contract with them to handle transitional housing. Unfortunately some folks will be displaced while this plays out in the courts. Hopefully the county and city will step up to help folks find other housing.