Los Angeles-based Tides Equities LLC — which has been buying up multifamily apartments in the Valley during the past few years — has brought a new equity partner to the mix.
Tides Equities teamed with Chevy Chase, Maryland-based FCP to buy the Tides at South Tempe for $71.5 million.
The property at 4130 S. Mill Ave. is 95% occupied. It is among more than 5,000 units on 20 properties in the Valley Tides owns, Kia said.