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Tides Equities said securing a preferred equity lifeline for 30 of its multifamily properties, which it's been chasing for months, could spark trouble for the portfolio's original investors. The company is seeking $69M in preferred equity for its investment in a 7,300-unit portfolio across Nevada, Arizona and Texas, The Real Deal reported. If the company does secure the equity, 88% of the original equity in the deal could be scrapped.