SEATTLE, WA – Lowe, a national real estate developer, investor and manager, has completed the first of two nine-tale towers at Mason and Main, located in the 30-acre, transit oriented, master plotted Yesler Terrace community near downtown Seattle. The first building contains 335 units with a mix of one- and two-bedroom floor plans.
The second 215-unit tower is set for completion in the last quarter of 2022. At completion, the LEED Gold Mason and Main will comprise 550 apartments units, of which 137 will be designated for people earning 65-80% AMI, 6,800 square feet of ground floor retail, 315 parking stalls and a new public neighborhood pocket park.
Mason and Main is part of the comprehensive redevelopment of the Yesler Terrace neighborhood that includes a mix of public and private developments offering housing, office space and a host of neighborhood amenities.
Mason & Main was designed to honor the rich history of Seattle. We are proud members of the community and grateful for the opportunity to add much needed housing and contribute to the vitality of the neighborhood, said Suzi Morris, executive vice president, Lowe.
Retail and residential leasing is currently underway. Homes feature modern fixtures and finishes such as woodgrain plank flooring, quartz countertops, high-end appliances, including full size washer and dryers. Mason and Main has smart home technology that provides residents with keyless entry, and lighting and outlet control through an integrated app or smart speaker system. Select homes also include private patios or balconies and Mt Rainier, Cascades, Puget Sound, stadium or neighborhood territorial views.
Both buildings will offer residents a wide-range of communal spaces and amenities including co-working areas, a karaoke and screening room, makers space, community meeting and conference space, and lounge spaces. Outdoor areas include rooftop and courtyard lounging areas with outdoor kitchens with sweeping area views of Mount Rainer, Puget Sound, Downtown Seattle and beyond, and a community garden where residents can harvest vegetables tended to by the Seattle Urban Farm Company. Residents also will have access to two fully equipped fitness centers and pet friendly amenities including dog runs and a dog wash.
As part of the development, Lowe commissioned custom artwork from local community artists for exterior murals and interior works to make one of Seattle s largest art collections in a residential setting. Showing works from a wide range of artists and mediums, Mason & Main represents the craft and creativity of the city.
Located at 209 12th Ave S, and 1020 S Main St., Mason and Main is ideally situated near Downtown Seattle, International District, Capitol Hill, light rail, including the soon to be open Rainier Station, and entrances to I-90 and I-5. The community boasts a transit score of 97 and a walk score of 98 – providing simple access to a variety of shopping, dining and entertainment options as well as the area s new streetcar line. As part of the community redevelopment, Yesler Terrace will have a large central park, public gardens, performing arts center, community center and a series of pocket parks, including one directly adjacent to the building.
Mason and Main was designed by Ankrom Moisan Architects. Compass is the general contractor. Greystar is providing property management. West Coast Commercial Properties are the retail listing brokers.
Lowe has made numerous commercial and hospitality property acquisitions in the Seattle area, and most recently completed the sale of the 286-unit Talisman multifamily property at Redmond Town Center. Lowe is a joint venture partner in Suncadia Resort in Cle Elum, Washington and Sunriver Resort in Central Oregon.

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LOS ANGELES, CA – Tides Equities has continued to expand its footprint in 2022. In the first half of the year, the firm closed 33 transactions, accounting for over $2.3B. This string of acquisitions allowed the company to add 9,712 units to their portfolio, which now stands at over 29,000 units.
The firm specializes in value-add multifamily real estate throughout the Western United States. Tides focuses on well-located, Class-B, assets in Arizona, Texas, and Nevada. Tides continues to believe in the small- and long-term growth of these markets as they have strong underlying fundamentals which are further aided by the accelerating demand by Millennials and Generation Z to relocate to cities within the Sun Belt, said Tides Co-founder & Principal Ryan Andrade.
In Q1 of this year, the company bought Del Mar Terrace, the largest market-rate apartment community by unit count in the Phoenix MSA, in a $255,000,000 transaction. Tides Equities has rebranded the 1,012-unit apartment community to Tides on 71st. They were able to source this deal entirely off-market, directly from the original developer, who had owned it since they constructed it in 1985.
The firm also continued their expansion into Austin, Texas, with the acquisition of the Hendrix, a 636-unit apartment community that they rebranded to Tides on Copper Creek. The property is spread out across 20.4 acres and is situated in the Northwest Austin submarket. This asset is perfectly positioned to embrace the economic and lifestyle transformation of Northwest Austin from a suburban haven into one of the city s premier live, work, and play destinations.
In Nevada, one of the more notable transactions of the year was the buy of a 787 unit, three-property portfolio for $169,750,000. This acquisition has provided Tides with immediate scale in a market that continues to see exceedingly strong rent growth and upward trajectory, said Tides Co-founder & Principal Sean Kia. The communities have been rebranded as Tides on Spencer, Tides at North Nellis, and Tides on Palm and will undergo an approximately $18 million capital improvement plot that will improve these high-profile properties.
Tides Equities has continued the momentum seen in 2021, when the firm completed 77 transactions, accounting for over $4.3 billion dollars and 21,000 units in transaction volume. For the year, Tides Equities was the 6th most-active buyer of multifamily properties in the United States.

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TUALATIN, OR – Security Properties bought River Ridge, a Class A multifamily property located in Tualatin, OR for $70,000,000. Security Properties now owns 11 assets totaling over 2,800 units in the Greater Portland MSA.
River Ridge was delivered in two phases from 2015 – 2017 and consists of 180 units spread out across 14 residential buildings and approximately 9 acres. The residential units are a mix of one, two and three-bedroom floorplans with an average unit size of 977 SF.
The property is located within the outlying suburbs of the Portland Metro in the highly desirable suburb of Tualatin, OR. Throughout the last 10 years, the City of Tualatin has been one of the fastest growing cities in Oregon. But, unlike many other sprawling regions, Tualatin continues to maintain a high standard of living, yet remains an affordable place to locate a family. Additionally, families are drawn to live within the highly ranked Tigard-Tualatin School District.
Tualatin rests amid the Tigard, Beaverton and Lake Oswego submarkets, each offering unique drivers pulling people out of the city and into the suburbs. Tualatin offers a host of attractive retail options, notably Bridgeport Village, an open-air, high-end fashion and lifestyle shopping center consisting of ~500k SF. Beaverton is nationally recognized as the home to Nike’s Global Headquarters (~12k employees) and a large part of the region’s STEM (science, technology, engineering, math) employers. Lake Oswego is arguably the most sought after suburb in the Portland MSA with median household income exceeding $109k and home values in excess of $930k.
The business plot is a core-plus investment with moderate upgrade characteristics. While the asset currently offers a best-in-class amenity package and well-appointed living units, Security Properties has identified several opportunities to further emphasize these strengths.
According to Alex Gauper, Director at Security Properties, “River Ridge is a strong example of our investment thesis of identifying well-located, new-construction assets in markets with a diverse mix of stable drivers. We feel that we have the best asset in a submarket with very limited historical supply and strong demand for high quality product. We are very excited to add River Ridge to our greater Portland portfolio and look forward to delivering strong returns to our investors over our hold.”
Jared Lazarus, Managing Director at Oaktree, added, “We are excited to continue our strong partnership with Security Properties through the acquisition of River Ridge. We believe the property presents an attractive opportunity for Oaktree to buy a Class-A, newly-built multifamily asset in an extremely supply-constrained submarket of Portland where the continued migration towards suburban locations will greatly benefit the asset.”

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