Tidewater Townhomes

Tidewater Townhomes was acquired by Silver Street in 2004 as part of an early expansion into the Southeastern region of the United States. The property consists of 104 Section-8 multifamily units that underwent a substantial transformation through the course of a rehabilitation that remains to date the most expensive per-unit rehab Silver Street has undertook. Alongside energy-efficient upgrades and facade replacements, Tidewater had a complete changeout of management, a necessary step in curbing the prior crime issues, which together today makes it one of the biggest success stories in the Silver Street portfolio.

104 Units

Acquired: 2004

Investor: Paramount