Tidewater Capital

What Tidewater Capital does

Tidewater Capital is a San Francisco-based real estate private equity firm founded in 2013 by Craig Young and Ross Stackhouse that acquires, repositions, develops, and operates value-add real estate across the San Francisco Bay Area. The firm invests in residential, office, industrial, mixed-use, retail, hospitality (Moxy Oakland, Dawn Ranch), and self-storage assets, with a portfolio of 21 properties spanning San Francisco, Oakland, Sunnyvale, Alameda, San Rafael, and Guerneville. Its strategy centers on identifying underutilized or underperforming assets, securing entitlements for higher-value uses — particularly office-to-residential conversions — and operating the resulting assets with a stated emphasis on community impact (26% affordable units, 21% of portfolio leased to non-profits and public-sector tenants, 100% of new developments pursuing Green Building Certification).

The firm operates discretionary investment vehicles in partnership with institutional capital providers including endowments, foundations, and family offices. Its third fund surpassed a $200MM capital raise in October 2023, and the latest vehicle targets up to $1B in Bay Area buying power. Tidewater has executed co-investments with a Goldman Sachs subsidiary ($108M acquisition of 351 California in 2019) and EJF Capital ($50M Opportunity Zone equity for the Moxy Oakland, which opened March 2021 as the first modular-construction Moxy in the U.S.). Recent capital deployment includes the $65M Sunnyvale Park Place & Commons acquisition (June 2024) and a follow-on $36M equity deal for 351 California (March 2025), with a 370-unit Sunnyvale housing redevelopment approved in February 2026 and a 670-unit Oakland pipeline (533 Kirkham, 1431 Franklin) in earlier stages.

Revenue mechanics combine recurring asset management fees on fund vehicles, recurring rental income across the diversified property portfolio, and episodic disposition gains / carried interest on successful exits. Distribution is direct and relationship-driven: institutional capital is sourced through the principals' networks (Craig Young oversees partner relations), and end-customer reach comes through direct property sales (e.g., 329 for-sale Sunnyvale units) and leasing of residential and commercial space. The team of 15+ is staffed with alumni of leading institutional real estate platforms (JBG Smith, CIM Group, Deutsche Bank, Clarion Partners, Bain Capital, Angelo Gordon, Stockbridge) and supports a full vertical of acquisitions, development, asset management, and finance functions.

Name

Tidewater Capital

Legal name

Tidewater Capital

Website

https://tidewatercap.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Tidewater Capital is a San Francisco-based real estate private equity firm founded in 2013 that acquires, repositions, and develops residential, office, industrial, and hospitality properties across the Bay Area, managing discretionary funds for institutional investors including endowments, foundations, and family offices.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Investment and Development Returns: Tidewater Capital generates returns through acquiring properties with untapped potential, obtaining entitlements and approvals for higher-value uses (such as converting office to residential), developing or repositioning assets, and leasing/selling completed projects. Revenue comes from property appreciation, rental income, and disposition profits.
2. Asset Management Fees: The firm manages discretionary investment vehicles in partnership with institutional investors (endowments, foundations, family offices), earning asset management fees from the funds and ventures they manage.
3. Property Rental Income: Income from leasing portfolio properties including residential units, office spaces, retail spaces, industrial properties, self-storage facilities, and hotel operations.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Tidewater Capital is a Bay Area real estate private equity firm that acquires, repositions, develops, and operates real estate assets across residential, office, industrial, mixed-use, hospitality, and self-storage property types. The firm organizes discretionary investment vehicles in partnership with institutional capital providers (endowments, foundations, and family offices), and executes value-add strategies including office-to-residential conversions and ground-up development of entitled sites throughout the San Francisco Bay Area.

Product overview

Tidewater Capital is a Bay Area real estate investment and development firm offering a diversified portfolio of property types and investment strategies. The company operates across multiple product categories including market-rate and affordable residential apartments (e.g., 88 Howard with 320 units, 1028 Market with 193 units, 21 Clarence with LEED Gold certification), office properties (351 California historic building, 304 12th King Building, 1440 Broadway Syndicate Building), industrial assets (777 Brannan, 2421 Blanding, 435 Du Bois), hospitality (Moxy Oakland hotel, Dawn Ranch resort), mixed-use developments (Eastmont Town Center), and self-storage facilities (429 Beale). The company also pursues development entitlements for future projects including the Sunnyvale Park Place & Commons tech campus conversion to 370 residential units and Oakland residential developments (533 Kirkham, 1431 Franklin). Additionally, Tidewater has engaged in community-serving initiatives including The Hall temporary food hall activation and 888 Post navigation center for transitional youth.

Differentiator

Problem solved

Functional benefit

Products and services

• 88 Howard (Towers at Rincon) A 320-unit market-rate apartment community located within Rincon Center, a mixed-use development in downtown San Francisco consisting of two residential towers atop six floors of office space and ground floor retail.
• 21 Clarence (Arc Light) A 2012-vintage 94-unit Class A mid-rise residential building with LEED Gold certification and a two Michelin Star restaurant on the ground floor, located in San Francisco's South Beach neighborhood.
• 1028 Market A 193-unit apartment building with 6,000 square feet of ground floor retail located in San Francisco's Mid-Market neighborhood, opened in January 2022.
• 275 Turk A 66-unit historic residential building located in the Tenderloin neighborhood of San Francisco.
• 777 Brannan A three-story, 30,000 square foot industrial property located in the SoMa neighborhood of San Francisco.
• 429 Beale A 337-unit self-storage facility located in the Rincon Hill neighborhood of San Francisco.
• 430 Main A fully entitled 144-unit residential development site located in the Rincon Hill neighborhood of San Francisco.
• 2225 Telegraph (Moxy Oakland) A 172-key Moxy by Marriott hotel in Uptown Oakland, opened in March 2021 as the first modular construction Moxy hotel in the U.S.
• 1205 Franklin A 50,000 square foot mixed-use building in Downtown Oakland featuring the only self-storage facility in Oakland's central business district along with office and community-serving retail uses.
• 435 Du Bois A 61,700 square foot industrial property located in Marin County, approximately 18 miles north of San Francisco, featuring a 109-stall parking lot.
• 304 12th (King Building) A 36,000 square foot historic office building in Downtown Oakland featuring best-in-class creative office suites and community-serving ground floor retail.
• 1440 Broadway (Syndicate Building) A 91,000 square foot historic office building in Downtown Oakland featuring best-in-class creative office suites and community-serving ground floor retail.
• 2421 Blanding An 86,000 square foot industrial property located on the east side of Alameda along the Oakland Estuary, slated for renovation for advanced manufacturing and industrial users.
• 888 Post A three-story, 34,000 square foot office property in San Francisco's Nob Hill neighborhood, renovated as a build-to-suit and now operated by the City of San Francisco as a navigation center for transitional aged youth.
• 351 California (Harold Dollar Building)
• 1431 Franklin A 90-stall surface parking lot in Downtown Oakland currently pursuing entitlements for either a 381-unit residential high-rise development or a 420,000 square foot office tower.
• 533 Kirkham A 191-stall surface parking lot adjacent to the West Oakland BART station, pursuing entitlements for a 289-unit residential development.
• 7200 Bancroft (Eastmont Town Center) A 538,700 square foot mixed-use property in East Oakland, originally constructed as a retail mall, now housing public and private tenants focused on providing economic, health, and social services.
• Dawn Ranch A 77-key resort hotel on 20 acres in Sonoma County, approximately 1.5 hours north of San Francisco, fronting the Russian River with cabin and glamping options and food and beverage offerings.
• Sunnyvale Park Place & Commons A 10-building, 610,723 SF office and R&D campus spread across 31.7 acres in Sunnyvale, CA, including a mix of single-tenant and multi-tenant buildings supported by 2,122 surface parking stalls, approved for conversion to 370 residential units.
• Discretionary Real Estate Investment Funds Discretionary investment vehicles organized in partnership with institutional capital providers (endowments, foundations, and family offices) for Bay Area real estate investment and development, with the third fund surpassing $200MM in October 2023 and the latest fund offering up to $1 billion in buying power.

Quantifiable outcome

• 370 residential units approved for Sunnyvale development (329 for-sale + 41 ADUs)
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor, major and core.

• Sunnyvale Tech Commons SellersminorOthers · 4 June 2024Affiliate purchased Sunnyvale Park Place & Commons tech campus for $65 million in 2024. The acquisition represents a growing trend of converting financially unviable office properties to housing.
• Olympic ResidentialmajorStrategic or Co-development Partner · 9 October 2019Joint development partnership with Olympic Residential for the 193-unit Market Street project in San Francisco (1028 Market). Groundbreaking occurred in October 2019 and the property opened in January 2022.
• Marriott InternationalmajorStrategic or Co-development Partner · 21 February 2019Tidewater developed the 172-key Moxy hotel at 2225 Telegraph in Oakland - the first modular construction Moxy hotel in the U.S., developed in partnership with Marriott and EJF Capital's Opportunity Zone fund. The property opened in March 2021.
• Mission-Aligned OrganizationscoreStrategic or Co-development PartnerTidewater has 14 partnerships with mission-aligned organizations. The firm focuses on community building and economic opportunity, creating diverse and vibrant communities, and embracing environmental sustainability. Partners include non-profits and public sector tenants occupying 21% of portfolio space.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• The Roxborough Group: Urban infill-focused real estate private equity firm that develops and repositions properties in gateway U.S. markets. Directly comparable to Tidewater on urban value-add strategy and team overlap (Nick Bryer previously at Roxborough).
• Presidio Bay Ventures: San Francisco-based real estate investment and development firm with a vertically integrated, value-add approach to Bay Area multifamily and mixed-use assets. Highly comparable to Tidewater given shared Bay Area focus, similar asset mix, and overlapping leadership alumni (Presidio Bay employed Kyle Snyder).
• Carmel Partners: National multifamily-focused real estate private equity firm with significant West Coast exposure and expertise in ground-up development and repositioning. Direct peer to Tidewater on residential strategy, scale, and institutional LP fundraising model.
• Swift Real Estate Partners: San Francisco-based discretionary real estate private equity firm investing in value-add and opportunistic assets on the West Coast. Directly comparable as a Bay Area-located PE sponsor running discretionary funds of similar size and strategy.

Broad incumbents

• JBG Smith: Large publicly traded REIT focused on mixed-use and office-to-residential conversion opportunities in the Washington, D.C. metro. Comparable to Tidewater in entitlement-driven, conversion-heavy strategy and provides a benchmark for a more established, scaled version of the same playbook.
• CIM Group: Large diversified real estate and infrastructure investment firm active across U.S. urban markets including the West Coast. Comparable as a multi-strategy real estate PE sponsor serving institutional investors; multiple Tidewater alumni previously worked at CIM Group.
• Clarion Partners: Large U.S. real estate investment manager investing across asset classes and strategies on behalf of institutional clients. Comparable at the strategy and LP-overlap level; Isabella Wei worked at Clarion Partners before joining Tidewater.
• BentallGreenOak: Global real estate investment manager across real estate equity, debt, and real estate services strategies on behalf of institutional investors. Comparable as a broader incumbent serving institutional capital with overlapping talent (Isabella Wei background) and multi-strategy mandate.
• Stockbridge Capital Group: U.S. real estate investment manager operating across core, value-add and opportunistic strategies through discretionary funds and separate accounts. Comparable as a multi-fund real estate sponsor with institutional LP distribution; Jim Tung (Finance Director) previously worked at Stockbridge.
• Bain Capital Real Estate: Global real estate investment platform of Bain Capital deploying capital across U.S. and international markets. Comparable as a scaled institutional real estate PE sponsor; Stephen Yih previously worked in Bain Capital Real Estate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tidewater-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tidewater Capital