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

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.