tides equities los angeles

Sean Kia - Co-Founder & Principal - Tides Equities | ZoomInfo The deal is run of the mill for Tides buy an apartment complex, make quick renovations and offload it as quickly as possible. Since then, many buyers have hit their interest rate caps a hedge against rising rates. DBM Distressed Assets & Opportunities Group. this website is subject to our Terms of Use Agreement. Susan Saelee - Senior Director, Trans.. - Tides Equities | ZoomInfo So far, things are working out. 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. Previously, Zoe was a Senior Associate Auditor (R eal Estate and Asset Management) at KPMG and also held positions at KPMG. This purchase marks Tides 66th acquisition in the greater Phoenix area and 143rd acquisition in the Western US since 2016. Working in the same office building and meeting for lunch, the two would bond over how theyd do things differently if they ran the show. 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. That assumed Tides could raise rents by up to 21 percent for some of the units. Congrats Ryan. LOS ANGELES, CA - Tides Equities has continued to expand its footprint in 2022. This includes all aspects of property life cycles such as acquisition, normal operations, renovation, capital expenditures, market conditions, and all day-to-day management. | Barataria Pass (20 mi.) In Ryans previous role, he built and led the construction departments on portfolios throughout the US at Avanti Residential, Lion Real Estate, and Waterton Residential, completing over $250 million in capital improvement projects. Los Angeles' Tides Equities closed on an apartment complex in Austin Wednesday and one in Dallas Thursday. | Jack Bay (18 mi.) The firm took a $62 million mortgage on the property, which had an interest rate of 2.9 percent upon origination, according to Morningstar. 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. omparing Tides properties is a bit like playing spot the difference. Recap Price: $83,000,000 Oversight of periodic summary reports and property status reports, meeting established deadlines. We were able to refinance a floating rate loan into a full-term, interest-only, fixed 5-year Fannie Mae loan. It has been especially bullish on the. The firm takes an assembly-line approach, Kia said during a June investor Q&A with crowdfunding site RealtyMogul. Throughout his career, Micah has been responsible for developing and executing business plans and budgets for his portfolio. 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. Sean Kia is a Co-Founder and Principal overseeing the Acquisitions, Dispositions, and Portfolio Management of Tides Equities. Theres almost always a pool, and rarely a facade taller than four stories. The booming Dallas-Fort Worth rental market would allow Tides to hike rents by 24 percent, setting up a lucrative resale. Tides in Los Angeles, CA for Today & Tomorrow. In fact, Tides owns 19 other communities. The booming Dallas-Fort Worth rental market would allow Tides to hike rents by 24 percent, setting up a lucrative resale. (Photo: Business Wire). This was a vision that Kia had at just 25. In the first half of the year, the firm closed 33 transactions, accounting for over $2.3B. Strong ability to multi-task and manage varied and constantly changing workload in a fast paced, dynamic, entrepreneurial environment. However, rising interest rates have presented challenges for the firm, given Tides often uses floating rate debt to acquire properties. We can compare these levels with the maximum high tide recorded in the tide tables for Empire Jetty which is of 2.3 ft and a minimum height of -1.3 ft. Daily responsibilities include, but are not limited to: Compensation will vary based on candidate experience. In an email, Kia called the sale a great win for the firm. The moon phase is First Quarter tonight. Tides, which specializes in value-add multifamily real estate, has been expanding across the western and southwestern United States for several years. The property is spread out across 20.4 acres and is situated in the Northwest Austin submarket. The asset will be rebranded as The Tides on 27th and will undergo $6,750,000 in renovations and upgrades. Kia reeled off a few examples of Tides' business. Those projections, they said, would leave it with some breathing room to survive a weaker market. The red flashing dot shows the tide time right now. But thats why rate caps exist.. ides own projections show the firm was not covering its debt service on the property. ents in the Dallas-Fort Worth metroplex have actually declined since Tides made that deal. When Tides bought it in June, it was bringing in about $1.1 million in net operating income, or $50,000 a month short of whats needed to service the loan. The assembly-line approach was useful for his primary trade, which was to renovate the properties and sell them at a profit. This string of acquisitions allowed the company to add 9,712 units to their portfolio, which now stands at over 29,000 units. tides for the next 30 days. 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. The firm specializes in value-add multifamily real estate throughout the Western United States. When Tides bought it in June, it was bringing in about $1.1 million in net operating income, or $50,000 a month short of whats needed to service the loan. 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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. Please, use with caution. n the multifamily boom of 2021, buyers turned to cheap, floating-rate debt to win competitive deals. Frankly, were into our caps. Tides is far from the only multifamily firm in this bind. This asset is perfectly positioned to embrace the economic and lifestyle transformation of Northwest Austin from a suburban haven into one of the citys premier live, work, and play destinations. Tides Equities brings institutional grade acquisitions acumen and operational efficiency across all realms of multifamily real estate. Elliot Askari, CCIM joins us as the Director of Portfolio Management. TIDES AND SOLUNAR CHARTS Empire Jetty - TIDES4FISHING Another competitor, though, praised how quickly the firm could turn properties around: They were doing 10,000 units a year thats insane.. Tides Equities' Post Tides Equities 5,541 followers 12h Tides focuses on well-located, Class-B, assets in Arizona, Texas, and Nevada. Tides Equities is part of the Finance industry, and located in California, United States. Bruce Cumming joins us as the Senior Asset Manager and has over 10 years in institutional multifamily experience. | Grand Isle (21 mi.) Tim is also a member of ULI and City of Hopes Building Hope. 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. Ability to set personal and project-specific priorities, be highly organized in day-to-day and longer-term planning and execution, and track and maintain complex schedules. Los Angeles-based Tides Equities LLC has closed on two of the properties it had in escrow, with another five deals set to close. Senior Partner. He has also leveraged his network to assist in equity raises and pitched investments to LPs. This Website features information, materials,products, content, images, links,and services provided by #realestate #investing #valueadd #multifamily #apartments #Mesa #Arizona #realestate #commercialrealestate #cre, Tides Equities has closed escrow on the purchase of this 446 unit portfolio located in Phoenix, AZ for a total of $95,000,000. 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. Demonstrated ability to analyze and interpret complex documents and respond effectively to the most sensitive inquiries, and to negotiate and interface with a diverse constituency. We not only believe that this is the prudent course of action for the current times, but are keeping an eye toward positioning ourselves for future portfolio expansion as well," said Co-Founder Ryan Andrade. When the firm bought Tides on Oakland Hills, its starting interest rate on the acquisition loan was 4.85 percent. It was not the only discrepancy Tides executives gave to investors. n 2021, the firm spent more than $1.5 billion on almost 9,000 units in Dallas-Fort Worth. Website http://www.tidesequities.com Industries Real. Following college, he served in the US Navy and managed their construction and facilities teams. Closely monitor all elements of financial performance; analyze financial statements and make necessary operating adjustments. Tides Equities LLC - Company Profile and News - Bloomberg Markets 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. y the end of the second year, when it hoped to sell the asset, Tides told its lender, MF1 Capital, it would be reeling in $2.2 million in net operating income just enough to cover the debt payments. nother competitor, though, praised how quickly the firm could turn properties around: They were doing 10,000 units a year thats insane., o far, things are working out. 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. Tides ended up raising about $10 million. Previously, Noah was an Acquisitions and Asset Management at Gelt and also held positions at LivingSocial. Fish are cold blooded, which means their metabolism is strongly influenced by the temperature of their surrounding environment. hen including certain below-market expenses which come from bulk contracts and one-off pricing, he said we get close to a 5 percent going-in cap. He did not comment on the 3.4 percent number disclosed on loan documents. Tides Equities is part of the Finance industry, and located in California, United States. 3/3/2023 6:36 AM. 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. Tides focuses on well-located, Class-B, assets in Arizona, Texas, and Nevada. Read More . Tides Equities' portfolio currently sits at over 31,500 units located across four major markets including Phoenix, Dallas, Austin, and Las Vegas, contributing to its ranking in the NMHC Top 50 List. The firm recently formed a dedicated Portfolio Management division, focusing on performance optimization of the portfolio, and are continuing to make notable hires within the Asset Management division. Tide Times are PDT (UTC -7.0hrs). industry. Tides Equities and CIM Group buy Del Mar Terrace in West Valley for Learn about our philosophy, portfolio, team, and much more. Conduct site inspections, monitor competition, and market conditions; develop, recommend, and implement value-add action plans; supervise the planning, budgeting, and control of capital expenditures. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Connecticut private island sells for $3.5M, Real estate lender dodges bullet after Signatures collapse. Monitor NOI, cash flow, and progress toward achieving leasing and income goals. Remember, look for the comfort zones and you will find the fish. Zoe Purcell is a Transactions Senior Analyst at Tides Equities based in Los Angeles, California. The length of time the moon will be visible is 11 hours and 39 minutes. But as a floating-rate operator, its success is bound to the debt markets: As rates rise, Tides headaches do, too. But the firm is now grappling with a new reality. Cali Company Heads Back to Texas Multifamily Well Director of Business Development at WASH Multifamily Laundry Systems, Owner at Harper Commercial | Multifamily Renovation Partner | Western US + Growing. LOS ANGELES--(BUSINESS WIRE)--Apr 12, 2023--. hey 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. 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. Time Equities Securities and Time Equities, Inc. are affiliated companies. 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. 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. CHARLESTON, SC - Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that it has broken ground on its second luxury apartment community within Charleston. You can unsubscribe from these emails at any time. Stay up to date with what you want to know. Decorative flags hung from several apartment windows, and the parking lot hummed with activity, signs of life amid all the sprawl. Press any day in the tide table to load all the information. NOTE: Use of this site for Los Angeles, California tide times is subject to our terms. Acquisitions Associate at Tides Equities . Next high tide is 3:58 pm. Ryan Andrade - Co-Founder & Principal - Tides Equities | ZoomInfo 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 plan that will improve these high-profile properties. The moon phase is Waxing Gibbous tonight. Nina Lyon - Administrative Coordinator - Tides Equities | LinkedIn #refinance #fanniemae #fixedrate #tidesequities #multifamily #realestateinvesting, We are continuing to acquire top industry talent and are excited to welcome Timothy Chiu to our team as Senior Asset Manager! 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. But the rental market isnt what it was a year ago: The median rent on a one-bedroom in Fort Worth hit a high of $1,275 a month in October 2022 but has been dropping since, to $1,227 a month in January. Any square footage and/or dimensions set forth are approximations. Over the last two years, Tides has raced to capitalize on low interest rates and double-digit rent growth across the Sun Belt. The. In the multifamily boom of 2021, buyers turned to cheap, floating-rate debt to win competitive deals. About 14% of waves will be higher than the significant wave height (about 1 in every 7 waves). In Q1 of this year, the company acquired Del Mar Terrace, the largest market-rate apartment community by unit count in the Phoenix MSA, in a $255,000,000 transaction. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. | Breton Islands (31 mi. Tyler Kozeniewski is an Acquisitions Associate at Tides Equities based in Los Angeles, California. #dreamteam #realestate #assetmanagement #realestateinvesting #multifamily #career, We are proud to announce that the National Multifamily Housing Council has designated Tides Equities in their 2023 NMHC Top 50 list, the annual ranking of the top apartment owners across the country. 3/19/2023 5:57 PM. It was built in 1990 and gives off the vibe of a La Quinta. At this moment the current water temperature in Empire Jetty is -. Read more about this exciting recognition: https://lnkd.in/gySfNAgR Here at Tides, Bruce will oversee all aspects of his portfolios operations including renovation, capital expenditures, financial analysis, budgeting, and day-to-day management of the assets. Between 2019 and now, Tides Equities the investment company he founded in 2016 and has run ever since has built. Take Tides on Haverwood, a 376-unit complex in Dallas that it bought in December 2021. | Quatre Bayous Pass (15 mi.) Rents in the Dallas-Fort Worth metroplex have actually declined since Tides made that deal. Hunter Wyland We are pleased to announce the refinance of The Tides at Downtown Chandler. In Nevada, one of the more notable transactions of the year was the purchase of a 787 unit, three-property portfolio for $169,750,000. During his tenure at Standard Management, Elliot played a leading role in acquisitions, due diligence, asset management, investor relations, and dispositions. The grey shading corresponds to nighttime hours between sunset and sunrise at Los Angeles. All of the pain thats occurred in 2022 is just from rising mortgage rates, Tides Andrade said, adding that renter demand hasnt waned. 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. | Southwest Pass (25 mi.) Tides says it typically only underwrites for 3 or 4 percent rent growth, and that even in markets that saw double-digit rent increases, it never underwrote anything more than 5 percent year-over-year growth. Tides Equities High 57F. Tides Equities - Real Estate Investment Firm Large coefficients indicate important high and low tides; major currents and movements usually take place on the sea bed.
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