The owner of three Revere Beach apartment towers filed for bankruptcy protection, staving off a foreclosure auction on the properties including the troubled 364 Ocean Ave. building that was condemned in August.
An affiliate of Boston-based The Davis Companies scheduled a foreclosure auction after acquiring the mortgage on three Revere residential high-rises that were condemned in August.
“The tenants are living in a moldy, rat-infested high-rise building with no fire alarms and fire sprinklers that do not work,” said the city health department’s lawyer.
