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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ST PETERSBURG, FL – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Ancient Jennings, in Middleburg, FL which rolls up to the bustling Jacksonville MSA, and represents the Company’s third major project in its growing multifamily apartment development pipeline. Stoneweg US will utilize 15 acres to build a 316-unit multifamily apartment community, reserving 7.5 acres on the 22.5-acre site for green space.
“Ancient Jennings is an exciting addition to our growing development portfolio,” said Mark Rios, Director of Development for Stoneweg US. “Jacksonville has steadily seen positive net migration for the last several years and continues to be a well loved tourist destination for its rich history and cultural scene so our ability to capitalize on such a strong submarket bodes very well for our proposed construction of Ancient Jennings.”
Ancient Jennings is conveniently located in the north central area of Clay County with close proximately to major highways, employers, shopping sites and cultural attractions. Following construction, the multifamily apartment community will consist of 1,2, and 3-bedroom units with ample square footage for growing families. Amenities will be first-class and inclusive of an expansive clubhouse with swimming pool, garage and storage availability, a dog park and quality fitness center. Units will be fully equipped with energy efficient appliances and stand-out finishes, and the multifamily community will adhere to the highest sustainability practices with respect to waste reduction, water efficiency and energy usage.
Jacksonville-based, Boldline Design Group, will serve as the lead architect; Almond Engineering has been appointed as the project’s civil engineer; and WhiteSpace will serve as the Building Technology Advisors. Stoneweg US will also submit the project for Green Globes Certification in accordance with its commitment to incorporate sustainability best practices throughout each development they build.
“Our goal is to grow an aggressive and robust multifamily development pipeline that incorporates sustainability and community within all stages of the construction,” said Sam Palmer, EVP, Asset Management and Development. “Ancient Jennings checks all the boxes in that regard.”
Groundbreaking for Ancient Jennings is targeted for Q3 of 2022 with an anticipated construction cycle of approximately 24 months.

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