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Tidewater Capital
Tidewater Capital, founded by Craig Young in 2013, develops and repositions Bay Area real estate with capital from endowments, foundations, and family...
Tidewater Capital
Tidewater Capital was co-founded in 2013 by Craig Young and Ross Stackhouse, both alumni of JBG Companies in Washington, D.C. Young, who also worked at CIM Group and Deutsche Bank, structured the firm to organize a series of discretionary investment vehicles in partnership with endowments, foundations, and family offices. No single-family wealth origin has been publicly disclosed. Seven of the firm's fifteen professionals sit on the investments team, split between acquisitions and asset management. The firm targets value-add and development opportunities exclusively within the Bay Area. Its team has executed across residential, office, retail, hotel, townhome, industrial, and mixed-use projects. Managing Director Nick Bryer leads acquisitions, while Managing Director Matt Klimerman runs portfolio and asset management. The development vertical is led by Kyle Winkler, who has overseen more than 1.5 million square feet of construction and repositioning work. Tidewater's capital comes from a blend of institutional limited partners and high-net-worth investors, with the firm retaining direct control over entitlements, ground-up construction, and leasing. Tidewater's full website lists a team of 15 professionals based in San Francisco. The firm does not disclose total assets under management or aggregate deployment figures. Kyle Snyder joined as Asset Management Director after asset management roles at Presidio Bay Ventures and Jamestown. Vice Presidents Stephen Yih and Isabella Wei direct acquisitions across Bay Area submarkets. Earlier in 2024, Globe St. named Ross Stackhouse one of its Aspiring Leaders of 2024, consistent with a young firm actively deepening its pipeline of operating partners. Tidewater's structure blends an institutional capital base with the nimbleness of a specialized Bay Area operator. By raising discretionary capital from endowments and foundations rather than funding deals piecemeal, the firm can act on complex entitlements and repositionings that require patient capital. Its leadership bench draws heavily from JBG and CIM Group, giving it a repeat-player advantage in navigating San Francisco's regulatory and planning environment.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Craig Young
Managing Principal
Ross Stackhouse
Principal
Nick Bryer
Managing Director, Acquisitions
Matt Klimerman
Managing Director, Portfolio and Asset Management
Sector focus
Frequently asked questions
Who runs investment decisions at Tidewater Capital?
Acquisitions at Tidewater are led by Managing Director Nick Bryer, who sources and executes deals with support from Vice Presidents Stephen Yih and Isabella Wei. Portfolio and asset management decisions sit with Managing Director Matt Klimerman. Managing Principal Craig Young, who founded the firm in 2013, oversees long-range planning, growth initiatives, and partner relations.
How does Tidewater Capital source proprietary deal flow?
Tidewater sources opportunities through a dedicated acquisitions team working exclusively in the Bay Area, leveraging deep local broker and operator relationships. Several senior team members previously worked at CIM Group and JBG, creating a network that surfaces off-market value-add and development deals. The firm also draws on repeat relationships with institutional limited partners who bring co-investment and off-market deal flow.
Does Tidewater participate in fund commitments or only direct deals?
Tidewater operates its own discretionary investment vehicles rather than committing to third-party funds. Capital is raised from endowments, foundations, and family offices and deployed directly into Bay Area real estate properties, where the firm handles entitlements, development, and asset management in-house.
What investment stages does Tidewater Capital typically target?
Tidewater targets value-add acquisitions and ground-up development, focusing on assets where entitlements, repositioning, or active asset management can drive returns. The firm does not appear to participate in core or core-plus stabilized transactions, and its team's experience at CIM and JBG aligns more with complex, multi-year business plans.
Which sectors does Tidewater Capital explicitly avoid?
Tidewater's publicly disclosed investments include residential, office, retail, hotel, townhome, industrial, and mixed-use properties. There is no evidence the firm pursues single-family rental, life-science, or infrastructure deals, and all known activity is concentrated in the Bay Area rather than nationally diversified.
How is Tidewater Capital related to JBG or CIM Group?
Managing Principal Craig Young, Co-Founder Ross Stackhouse, and Managing Director Matt Klimerman all previously worked at JBG Companies (now JBG Smith), a major D.C.-area real estate firm. Young and Klimerman also held positions at CIM Group. Tidewater has no formal corporate connection to either firm, but its senior team's shared experience shapes a repeat-player network for off-market deal flow.
Does Tidewater Capital maintain philanthropic structures?
No separate philanthropic entity is publicly disclosed. The Metropolitan Golf Links Trophy Room Foundation, sometimes linked to the firm's domain, is a legacy registration artifact with no connection to the firm. Team members participate individually in boards such as the National MS Society's Northern California Chapter and the San Francisco Community Health Center.
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