Case studies
Tides on Country Club
Location: Mesa, AZ
Units: 582
Acquisition Date: November 2020
Purchase Price: $83,000,000
Recap Date: August 2022
Recap Price: $132,000,000
Tides on 19th
Location: Phoenix, AZ
Units: 236
Acquisition Date: July 2020
Purchase Price: $27,000,000
Disposition Date: November 2021
Sale Price: $59,080,000
Tides on Main
Location: Mesa, AZ
Units: 472
Acquisition Date: October 2020
Purchase Price: $86,500,000
Disposition Date: November 2021
Sale Price: $137,000,000
Tides on Dunlap
Location: Phoenix, AZ
Units: 288
Acquisition Date: October 2020
Purchase Price: $40,500,000
Disposition Date: October 2021
Sale Price: $67,400,000
Tides Lakeside
Location: Tempe, AZ
Units: 244
Acquisition Date: September 2018
Purchase Price: $38,500,000
Disposition Date: August 2021
Sale Price: $64,500,000
Tides at Paradise Valley
Location: Phoenix, AZ
Units: 380
Acquisition Date: August 2019
Purchase Price: $57,250,000
Recap Date: April 2021
Recap Price: $83,000,000
Tides at Deer Valley
Location: Phoenix, AZ
Units: 436
Acquisition Date: July 2019
Purchase Price: $56,700,000
Recap Date: April 2021
Recap Price: $86,500,000
Tides on Rail
Location: Phoenix, AZ
Units: 488
Acquisition Date: May 2019
Purchase Price: $39,750,000
Disposition Date: December 2020
Sale Price: $60,000,000
Tides at North Phoenix
Location: Phoenix, AZ
Units: 316
Acquisition Date: January 2019
Purchase Price: $33,500,000
Disposition Date: December 2020
Sale Price: $54,000,000
Tides at East Arcadia
Location: Phoenix, AZ
Units: 181
Acquisition Date: December 2018
Purchase Price: $26,600,000
Disposition Date: December 2020
Sale Price: $38,000,000
Tides on Thunderbird
Location: Phoenix, AZ
Units: 376
Acquisition Date: May 2018
Purchase Price: $37,250,000
Disposition Date: February 2020
Sale Price: $55,400,000
Tides at South Tempe
Location: Tempe, AZ
Units: 442
Acquisition Date: October 2018
Purchase Price: $55,500,000
Recap Date: June 2020
Recap Price: $71,500,000
Tides at Downtown Tempe
Location: Tempe, AZ
Units: 227
Acquisition Date: January 2019
Purchase Price: $31,300,000
Disposition Date: January 2021
Sale Price: $44,625,000
Tides on 5th
Location: Tempe, AZ
Units: 197
Acquisition Date: December 2018
Purchase Price: $27,500,000
Disposition Date: January 2021
Sale Price: $39,000,000