Tidewater Capital, a real estate investor and developer based in San Francisco, has successfully surpassed its initial target of $200 million in equity commitments for its third discretionary fund. The TC Fund III, with a cap of $250 million, has attracted investments from various limited partners such as university endowments, charitable foundations and family offices.
According to managing principal Craig Young: “We have great confidence in the long-term potential of the Bay Area. Despite challenging capital markets overall, our returning and new investment partners have shown trust in our ability to navigate through an ever-changing market and take advantage of a rebounding Bay Area.”
Tidewater will pursue investment opportunities across different property types while implementing renovation and repositioning strategies. They will also consider entitlements and ground-up development projects selectively. Their previous investment vehicles have funded numerous projects throughout the Bay Area.
The article titled “Tidewater Exceeds $200M Goal on Third Bay Area Fund” was originally published on Connect CRE’s website.
