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Tides Equities Acquires 386-Unit Multifamily Property In Fort Worth, TX

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SOLD
Sean Kia
Ryan Andrade

Texas

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MultiFamily264,982 SF
Sold 03/25/2021
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Property Image
SOLD

Tides Equities Acquires 386-Unit Multifamily Property In Fort Worth, TX

5301 Overton Ridge Blvd, Fort Worth, TX, USA

See Similar Deals
MultiFamily264,982 SF
Sold 03/25/2021
Sean Kia
Ryan Andrade
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:264,982 SF
Transaction Type:Sale

A 386-unit apartment complex located at 5301 Overton Ridge Blvd in Fort Worth, TX has been sold in a recent transaction. The property, known as The Tides Waterfront, is a multifamily asset with a total area of 264,982 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Date: 03/25/2021
  • Market: Fort Worth

Tides Equities, represented by Sean Kia and Ryan Andrade, has acquired the property from Commerce Capital Partners. The transaction was facilitated by Marcus & Millichap.

Tides Equities plans to invest $7,000,000 in renovations and upgrades for The Tides Waterfront. This acquisition marks Tides' third purchase in the greater Dallas area and their 44th acquisition in the Western US since 2016. Please note that the purchase price has not been disclosed due to Texas being a non-disclosure state.

Players

Sean Kia
Tides Equities
Sean Kia
18 deals$1.3B volume
BUYER
Ryan Andrade
Tides Equities
Ryan Andrade
17 deals$1.4B volume
BUYER
CP
Commerce Capital Partners
SELLER

Details

SOLD
IMAGE: Sean Kia & Ryan Andrade DATE: 03/25/2021 ADDRESS: 5301 Overton Ridge Blvd MARKET: Fort Worth ASSET TYPE: Multifamily SF: 264,982 UNITS: 386 SELLER: Commerce Capital Partners BUYER: Tides Equities - Sean Kia & Ryan Andrade BROKER: Marcus & Millichap NOTE FROM Sean Kia (Co-Founder and Principal): Tides Equities has just closed escrow on this 386 unit apartment complex in Fort Worth, TX. The asset will be rebranded as The Tides Waterfront and will undergo $7,000,000 in renovations and upgrades. This purchase marks Tides’ 3rd acquisition in the greater Dallas area and 44th acquisition in the Western US since 2016. Texas is a non disclosure state and therefore the purchase price will not be made public.

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