redIQ Deal Highlight: ZMR Capital Acquires Tides on 25th
redIQ Deal Highlight: ZMR Capital Acquires Tides on 25th
redIQ would like to congratulate the team at ZMR Capital for finalizing the acquisition of Tides on 25th in Phoenix, Arizona for $40.6 million. Tides on 25th was purchased from Tides Equities in a deal brokered by Newmark. The asset was completed in 1975 and was recently renovated.
The Phoenix market has experienced an uptick in occupancy rates and effective rent year-over-year. The city remains a popular destination for residents moving from California, Oregon, and elsewhere. Other recent transactions in the area include ZMR’s purchase of the District Flats Off Dobson Apartments in Mesa, Arizona and CVG's purchase of The Enclave at Paradise Valley.
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Since 2012, redIQ has led in the multifamily analytics and underwriting software space. Six of the top ten acquisitions teams and eight of the top ten brokerages rely on redIQ daily. Every year, more than 30% of all multifamily transactions pass through the platform. Our platform allows CRE professionals to extract and standardize data from deal financials instantaneously, gain deep insights into every property, and generate a comprehensive underwriting, with our model or their own. Our robust set of features includes floor plan summaries, cash flow analysis, hyperlocal comp sets, easy deal sharing, preset assumptions underwriting templates, and more. redIQ will always provide better insights and faster underwriting. These empower our users to make smarter investment decisions.
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