Founded in 2002, Tidewater Capital Management, Inc. (“TCM”) is a Registered Investment Advisory firm (RIA) that follows a very distinctive and conservative approach to investing in real estate. The firm created one of the nation’s first asset-backed hedge funds structured as a “Preferred Equity” Delaware Series Limited Partnership with the help of Greenberg Traurig. The firm’s founders believe this unique “opportunistic” approach to real estate investing is a prudent alternative to investing in REITS, commingled real estate funds and direct real estate investing as a landlord.

TCM launched this latest hedge fund (“Fund”) product in 2004 in response to investor demand for secured, high yielding fixed income returns in a low interest rate environment. The premise behind this latest Tidewater product is to capitalize on price appreciation of both growing and mature real estate markets worldwide. TCM positions client assets alongside the developer, not the speculative retail investor. The resulting product, available to accredited investors only, is used to finance smaller “niche” real estate development projects.

In 2006, in the aftermath of Hurricane Wilma, our Founder was convinced that southeast Florida’s rampant pricing acceleration had run its course. As a result, we began to liquidate our Florida-based real estate assets in the summer of 2006. All owned Series properties were sold for a profit and the firm began to shift its focus on one of the fastest growing real estate markets in the world, Costa Rica.

Since then, our real estate hedge fund has acquired key titled parcels in Costa Rica including a 3-acre oceanfront property where a condominium project located near Puntarenas (www.sandspointcostarica.com) is slated to break ground, designed by word renowned architecture firm, www.arquitectonica.com. This preferred equity Tidewater investment borders a Hilton DoubleTree beach resort, owned by the world's largest investment bank, and minutes from a new Greg Norman-designed golf course community.

Despite the worldwide market events of 2008, our focus for Costa Rica financing remains along the mid-pacific coast with plans to launch a new preferred equity Series dedicated to an oceanfront boutique hotel and casino project in Puntarenas. We believe worldwide market demand for affordable retirement properties in Costa Rica will remain for the long term, thus allowing our clients the ability to diversify their investment portfolio offshore.