Alpha Wave Expands in Utahhttps://nextwaveinvestors.com/wp-content/uploads/2019/01/download-2.png225225Next Wave InvestorsNext Wave Investorshttps://nextwaveinvestors.com/wp-content/uploads/2019/01/download-2.png
Alpha Wave Investors LLC has acquired Park Station Apartments, a 94-unit multifamily community in Midvale, Utah, from a Northern California-based private investor in an off-market transaction.
The deal represents the third community within the past nine months that the company has purchased in the greater Salt Lake City area, joining Commons on 2nd and Landing Point.
“Overall, the property just felt in our strategy,” Jordan Fisher, Alpha Wave’s founding partner, told MHN. “We love the Salt Lake market for a number of reasons. We have existing assets within the market and we saw a lot of opportunity to really turn the property around both from an operational perspective as well as through addressing some key improvement that could be made.”