Nina Lyon - Administrative Coordinator - Tides Equities | LinkedIn Tides now has to pay about $2.2 million a year on the debt. Today we will have 13 hours and 20 minutes of sun. At that rate, Tides would have been paying just under $150,000 a month. Kia reeled off a few examples of Tides' business. Meanwhile, the debt service on the property jumped with soaring interest rates. Your use of Over the last two years, Tides has raced to capitalize on low interest rates and double-digit rent growth across the Sun Belt. In fact, Tides owns 19 other communities within 24 miles of Overton Ridge, more than 4,000 apartments in just a small section of the Dallas-Fort Worth metroplex. In the first half of the year, the firm closed 33 transactions, accounting for over $2.3B.. Of the dozens of properties Tides owns in Texas, almost all were built before 2000. Ability to work in a team environment and provide mentorship to analysts and associates. TRD toured a 727-square-foot renovated unit near the communal pool and grills. NOTE: Use of this site for Los Angeles, California tide times is subject to our terms. This means at this moment you need to be prepared for a wave of, TIDES4FISHING | SWELL FORECAST IN EMPIRE JETTY | MAY 2, 2023, Remember that you can check the tides at your fishing point from your smartphone with Nautide, the. An entity linked to New York-based Drake Real Estate Partners bought the complex, records show. Rents in the Dallas-Fort Worth metroplex have actually declined since Tides made that deal. TIDES4FISHING | RISING AND SETTING OF THE MOON IN EMPIRE JETTY | MAY 2, 2023, The effects of the sun and the moon influence the activity of all living creatures on earth, TIDES4FISHING | SOLUNAR CHARTS FOR EMPIRE JETTY | MAY 2, 2023, TIDES4FISHING | MOON PHASE | MAY 2, 2023 4:47, Calendar of Lunar Phases and Eclipses for the next 2000 years, TIDES4FISHING | UPCOMING MOON PHASES | MAY, 2023, TIDES4FISHING | ASTRONOMICAL OBSERVATION | MAY 2, 2023, TIDES4FISHING | LIGHTING THE EARTH IN THIS MOMENT | MAY 2, 2023 4:47, TIDES4FISHING | FISHING SITES CLOSE TO EMPIRE JETTY, Plan now and enjoy your activities at sea with the tides4fishing app, Enjoy to the max a well-planned fishing expedition in Empire Jetty. But Sean Kia and Ryan Andrade know how to bring out the sex appeal of a drab asset. The property, which they dubbed Tides on Oakland Hills, was ripe for a value-add play, the young duo told potential investors, promising a 20 percent return in just two years. There will be pockets of challenge, RealPages Jay Parsons, who authored the report, said in an interview. Tides, which specializes in value-add multifamily real estate, has been expanding across the western and southwestern United States for several years. Another secret of Kia's is his attention to location. ents in the Dallas-Fort Worth metroplex have actually declined since Tides made that deal. Profile of Rising Multifamily Investor Tides Equities In another deal, it paid $89.5 million for a 472-unit apartment building in October of 2020, spent $4 million on renovations, and sold it for $137 million in November 2021. It had wood-patterned vinyl flooring, fresh paint and stainless-steel appliances, all the marks of a standard Tides upgrade. We couldnt be more excited for what the future holds for Tides, and we are looking forward to continuing our upward momentum for years to come, said Co-Founder Ryan Andrade. Email. And I believe most of our peers are probably in a similar situation, Andrade said. You have permission to edit this article. How do tides form? In the same RealtyMogul Q&A, Jason Beckstrom, a director of acquisitions for Tides at the time, said Tides on Oakland Hills was bought at a cap rate of about 5 percent. Zoe Purcell is a Transactions Senior Analyst at Tides Equities based in Los Angeles, California. Closely monitor all elements of financial performance; analyze financial statements and make necessary operating adjustments. The firm specializes in value-add multifamily real estate throughout the Western United States. The most frequent wave height will be about half the height of the significant wave. In 2016, they made their move. Decorative flags hung from several apartment windows, and the parking lot hummed with activity, signs of life amid all the sprawl. Servicing the debt there wouldnt be a problem if Tides could keep raising rents. We are pleased to announce the refinance of The Tides at Downtown Chandler. Read More . They became close friends Kia was the best man at Andrades wedding and as they compared notes, they developed the basic rinse-and-repeat value-add strategy that would become their signature. 2023 - MULTIFAMILYBIZ.COM - ALL RIGHTS RESERVED. "Let's create an assembly-line approach to real-estate investing and do the exact same thing on every single building that we buy," he said, recalling the drive to start his business. Visit/travel to all properties within the portfolio to oversee the execution of operations, and property management. Los Angeles, CA. Winds SSE at 10 to 20 mph. Tides Equities' Post Tides Equities 5,551 followers 58m Collaborate with various team members on underwriting and due diligence efforts for potentially diverse new investment opportunities. You are joining a great team. Tides in Los Angeles, CA for Today & Tomorrow. n the multifamily boom of 2021, buyers turned to cheap, floating-rate debt to win competitive deals. Time Equities Inc. - Real estate investment & development Case Studies | Tides Equities Read more about this exciting recognition: https://lnkd.in/gySfNAgR Following college, he served in the US Navy and managed their construction and facilities teams. Tides Equities is seeking an experienced real estate professional with hands-on multifamily real estate experience to aid in the successful growth of the current portfolio of 32,000+ value-add multifamily units. Apartments average 745 square feet and are all one- or two-bedroom units. 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. Tides Equities has fully executed on its business plan and have histroically generated strong returns for investors. Banks, as a matter of habit, do not want to become landlords or auctioneers, but as the debt that financed the buying bacchanal comes due, they will want their money one way or another. Congrats Ryan. But on recent purchases, Tides has been exposed to significant downside. . Tides Equities Los Angeles, CA 1 month ago . Time Equities Inc. (TEI) as leasing or selling agent and/or asset or property manager for the Sponsor/owner will direct all inquiries to the appropriate party. All information and visual representations are from sources deemed reliable and are furnished subject to errors, omissions, modifications, removal of listings from . Tides Equities focuses on acquiring multifamily assets with value-add potential across their target markets, and applies a standardized approach to enhance operational efficiencies and decrease variables in each investment. Visit the Career Advice Hub to see tips on interviewing and resume writing. Sign up for notifications from Insider! TIDES4FISHING | HIGH TIDES AND LOW TIDES IN EMPIRE JETTY | MAY 2, 2023, TIDES4FISHING | TIDAL RANGE IN EMPIRE JETTY | MAY 2, 2023, TIDES4FISHING | PROGRESSION OF THE TIDAL COEFFICIENT | MAY, 2023, The times reflected in the tidal table for Empire Jetty are predictions valid as references for, You can change the time format and the default unit for height in the. Play sudoku, the daily jigsaw, word search and more. The tide charts below show the height, time and date of high and low Take Tides on Haverwood, a 376-unit complex in Dallas that it bought in December 2021. Dealmaker. Director of Business Development at WASH Multifamily Laundry Systems, Owner at Harper Commercial | Multifamily Renovation Partner | Western US + Growing. | Independence Island (20 mi.) But the firm is now grappling with a new reality. Time Equities, Inc. does not require that prospective homebuyers show identification, sign an exclusive broker agreement or be pre-approved for a mortgage to view listed properties. This purchase marks Tides 66th acquisition in the greater Phoenix area and 143rd acquisition in the Western US since 2016. Together, Kia and Andrade had a combined net worth of $69 million in 2021, according to a DBRS Morningstar report for a loan Tides scored on a property in Irving that the two personally guaranteed. But as a floating-rate operator, its success is bound to the debt markets: As rates rise, Tides headaches do, too. The investment giants were forced to walk away after a judge prevented them from raising rents on thousands of rent-stabilized units in the complex. Tides Equities Makes 45th Multifamily Acquisition in Dallas Area 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. investorrelations@tidesequities.com, Internet Explorer presents a security risk. Tides Equities is staying active even as multifamily market slows