TEMPE, AZ – The joint-venture partnership of FCP and TidesEquities has acquired a 442-unit apartment community in Tempe, AZin a $71.5 million transaction.
The multifamily community, Tides at South Tempe features studio,one- and two-bedroom units. The property's units offer hardwoodflooring, quartz countertops, stainless steel appliances, balconiesand patios. The community is located near Superstition Freeway,Interstate 10 and in close proximity to downtown Tempe, downtownPhoenix and Phoenix Sky Harbor International Airport.
FCP and Tides Equities will carry-out in-unit renovations thatare currently underway.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
