Tides Equities

What Tides Equities does

Tides Equities is a Los Angeles-based commercial real estate investment company founded in 2016 by Ryan Andrade and Sean Kia. The firm acquires, repositions, and manages value-add Class-B and Core Plus multifamily properties in the Western United States, with a concentrated focus on the Sun Belt markets of Arizona, Texas, Nevada, and California. As of early 2023, the company reported ownership of more than 30,000 units and over $6.6 billion in real estate assets, with 172+ lifetime transactions exceeding $9 billion in aggregate value. In 2021, the firm was ranked the 6th most-active multifamily buyer in the United States, completing 77 transactions worth over $4.3 billion and 21,000 units that year alone.

The firm's core offering is private placement real estate investment for accredited investors, distributed through direct investor relations and an Appfolio investor portal. Revenue is generated through asset management fees on its portfolio, acquisition and disposition fees on transactions, and value-add returns realized through property repositioning and operational improvements. Tides Equities has no proprietary technology platform; deal sourcing relies on direct developer relationships and institutional counterparties (e.g., the off-market $255 million acquisition of Del Mar Terrace from its original developer and the purchase of a 420-unit Austin asset from Turner Impact Capital).

The go-to-market model is bifurcated: an institutional-grade acquisitions function that sources and closes large portfolio and single-asset deals (demonstrated by $255M and $169.75M transactions), combined with a retail accredited-investor capital-raising function that funnels capital into those vehicles through private placements. Customer concentration is on the supply side (a small number of institutional and developer sellers) and on the demand side a broad base of accredited investors subscribing to offerings. The company's operations are run by a lean team of 11–50 employees, anchored by Co-Founders/Principals Andrade and Kia, Managing Director/General Counsel Brien Kelley, SVP/General Counsel Rahsaana Allen, Partner of Asset Management Noah Nudell, and Director of Operations Kristi Hall.

Name

Tides Equities

Legal name

Tides Equities LLC

Website

https://tidesequities.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Tides Equities is a Los Angeles-based commercial real estate investment firm that acquires, repositions, and manages value-add Class-B multifamily properties in Western US Sun Belt markets, raising capital from accredited investors through private placement offerings.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Returns: Tides Equities generates returns through acquisition and value-add repositioning of multifamily properties, distributing profits to investors through distributions and property dispositions. The firm operates as a private equity real estate sponsor, earning returns through property appreciation and operational improvements across their portfolio of 30,000+ units.
2. Asset Management: The firm manages a portfolio of over 30,000 multifamily units across Arizona, Texas, California, and Nevada, charging asset management fees for portfolio oversight, property repositioning, and investor relations services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Tides Equities is a commercial real estate investment company that acquires, repositions, and manages well-located Class-B and Core Plus multifamily properties in the Western United States (Arizona, Texas, California, Nevada). The firm sources deals both on-market and off-market, executes value-add repositioning strategies, and distributes investment opportunities to accredited investors through private placement offerings. The portfolio comprises over 30,000 multifamily units with more than $6.6 billion in real estate owned.

Product overview

Tides Equities is a Commercial Real Estate Investment Company that operates as a single, unified investment platform rather than a modular product architecture. The company specializes in well-located, Class-B and Core Plus multifamily real estate with high value-add upside across the Western United States. Their offerings include the Tides Equities Investor Platform for accredited investors, along with distinct regional portfolio sub-brands covering Texas (Dallas-Fort Worth, Austin), Arizona (Phoenix, Mesa, Tempe, Chandler, Glendale), and Nevada (Las Vegas) markets. Individual properties within each portfolio are branded with the 'Tides at' and 'Tides on' naming convention (e.g., Tides on Country Club, Tides at Paradise Valley).

Differentiator

Problem solved

Functional benefit

Products and services

• Tides Equities Investor Platform
• Private Placement Investment Offerings (Invest with Tides)

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Turner Impact CapitalminorStrategic or Co-development Partner · 19 July 2022Turner Impact Capital sold a 420-unit Austin asset to Tides Equities as part of their exit strategy. This represents a transactional relationship where Tides acquired the property as a buyer.

Scale indicators9 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• Gelt, Inc. Multifamily investment and asset management firm with a billion-dollar portfolio in the Western US; Tides Asset Management Partner Noah Nudell previously led asset management at Gelt.
• TruAmerica Multifamily: Private equity multifamily sponsor focused on Class-B/Core Plus value-add acquisitions across the Western US, mirroring Tides' strategy, geography, and asset class.
• JRK Property Holdings: Multifamily value-add investment firm operating a multi-billion dollar portfolio, directly comparable in strategy and scale; Co-Founder Sean Kia previously helped manage JRK's $4B portfolio.
• The Bascom Group: Private equity multifamily value-add sponsor with deep Sun Belt and Western US exposure, comparable strategy of acquiring and repositioning Class-B assets for institutional and high-net-worth investors.
• Hamilton Zanze: Private equity multifamily sponsor executing value-add acquisitions across US growth markets, with overlapping Sun Belt focus and similar investor base of high-net-worth individuals.
• FPA Multifamily: Multifamily investment manager focused on Class-B/Core Plus value-add acquisitions across the Western US, with a similar institutional-grade acquisition process and value-add repositioning playbook.
• Veritas Investments: San Francisco-based private equity multifamily investor executing value-add acquisitions of Class-B urban multifamily, with overlapping capital raising approach and value-add strategy.
• Benedict Canyon Equities (BCE): Los Angeles-based multifamily investment sponsor with a ~$2B portfolio focused on Western US Class-B acquisitions, comparable in scale, geography, and acquisition approach.

Broad incumbents

• Walker & Dunlop: Large commercial real estate finance and investment sales firm with multifamily lending and investment sales; comparable in serving the multifamily investment ecosystem but operating as an intermediary rather than direct principal investor.
• Greystar Real Estate Partners: Largest US multifamily investment, property management, and development firm; broad incumbent with overlapping geographies and asset classes but much larger and more diversified across investment management and operating services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tides-equities
• Instagraminstagram.com/tidesequities
• Facebookfacebook.com/tidesequities

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Tides Equities