Tides Completes Trio of Phoenix MF Transactions Totaling $68M
August 13, 2020
Tides on 19th Partners, LLC acquired Nineteen Apartments, a 236-unit, garden-style apartment community in Phoenix for $27 million. CBRE’s Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke represented the seller, Camelback at the Stop, LLC, as well as the buyer. Located at 4802 N. 19th Ave., in the Midtown Phoenix submarket, Nineteen Apartments sits on 9.37 acres (pictured).
Tides Equities also acquired Villa de Paz, a garden-style multifamily property totaling 120-units at 4405 N. 103rd Ave. in Phoenix for $16.2 million. Berkadia’s Ric Holway, Dan Cheyne and Mark Forrester represented the seller, California-based Prado Revocable Living Trust.
Tides Equities divested Tides on Thomas, a garden-style multifamily property totaling 187-units at 4815 E. Thomas Rd. in Phoenix for $24.5 million. Berkadia’s Holway, Cheyne and Forrester handled the sale. Berkadia’s Lucas Donahue secured $17.8 million in acquisition financing on behalf of the buyer, an undisclosed entity.