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The coworking company just said it would withhold interest payment on some of its notes.
Its portfolio is a mix of grocery, lifestyle, net lease, and regional power center properties in the top submarkets.
The purchase price is about $2.64 billion.
The deal will increase annualized rent for the combined company to $4.5 billion from $3.8 billion.
Tidewater has tremendous confidence in the long-term prospects of the Bay Area.
The designations are meant as an endorsement of the region's plans to supercharge their technological industries.
The REIT has purchased 38 bowling centers for $432.9 million.
DJ Elefant will focus on financing solutions for multifamily and senior housing clients nationwide.
The sector is currently outperforming both the S&P 500 and Russell 2000 according to BTIG.
The proptech company said that its product can help the decision-making process.