Tides on McDowell
Multifamily | Phoenix , AZ
-Off-market deal sourced through direct relationship with the existing lender and distressed sponsor (Tides Equities)
-Discount on the buy creating value on Day 1 (31% discount to last capitalization)
-Attractive seller financing resulting in 14% p.a. avg. cash-on-cash yield and outsized equity returns
-Clear value-add strategy driving rental increase (renovation and rebranding)
-14%+ cash-on-cash yield average during investment period with quarterly distributions
-32% IRR / 2.2x multiple net investor returns over 3 years with $7.4MM equity raise
-Stabilized property with meaningful upside potential
-Strong Phoenix market driven by long-term data center / semiconductor infrastructure investments
$25,000
4/17/2026
274
---
32.00%
2.2x
14.00%
3
