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Texas  + Dallas-Fort Worth  + Apartments  | 
Tides Equities Buys 45th Multifamily Community

Tides Equities Picks Up Another DFW Multifamily Project

Tides Equities continues to grow its Dallas-Fort Worth footprint with the purchase of Solaris, a 432-unit community. Taylor Hill, with Institutional Property Advisors, closed the deal on behalf of the buyer. The previous owner was The ValCap Group. Solaris will be rebranded as Tides on Leisure, and the new owner is planning a capital improvement plan worth roughly $9.5 million. This purchase marks the company’s 45th acquisition in the Greater Dallas area and the 137th in the Western U.S. since 2016.

Built in 1983, the property—consisting of 33 buildings—offers one-, two- and three-bedroom floorplans averaging 762 square feet. Community amenities include a playground, a clubhouse, a fitness center, as well as swimming pools and outdoor barbecue areas.

The property is located at the intersection of Lake Highlands and Richardson neighborhoods, positioned in the immediate area of Interstate 635 and Highway 75.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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    Listing Type:Highest & best offer
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    Cap Rate:5.99
    Average Occupancy:86
    Year Built:1980
    Building Size:119880 Sq ft
    Lot Size:6.14 Acres
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