Next Wave In The News

Alpha Wave Spin-Off Aims for Small-Cap Apartments in 3 Markets 393 107 Next Wave Investors

Alpha Wave Spin-Off Aims for Small-Cap Apartments in 3 Markets

Jordan Fisher and David Sloan, who four years ago had formed Alpha Wave Investors with Ken Cruse to pursue relatively small workforce-housing properties and hotels on the West Coast, have spun off the apartment business as a separate operation. Their company, Next Wave Investors – effectively a rebranding of Alpha Wave’s apartment business – is based in…

Next Wave Investors Acquires Two Multifamily Properties in Nevada & Utah Totaling 188 Units 296 170 Next Wave Investors

Next Wave Investors Acquires Two Multifamily Properties in Nevada & Utah Totaling 188 Units

Next Wave Investors has purchased two multifamily communities in Nevada and Utah totaling 188 units for an undisclosed price. Additional details of the acquisitions were not released. Next Wave acquired Harlow Apartments, a 98-unit property located at 10602 W. Alexander Road in Las Vegas, with units averaging 1,061 square feet. The resort-style, Class A property…

Southern CA Firm Buys Las Vegas Harlow Apartment Complex 250 250 Next Wave Investors

Southern CA Firm Buys Las Vegas Harlow Apartment Complex

A Southern California real estate firm has acquired a northwest Las Vegas Valley apartment complex. Next Wave Investors announced that it bought the 98-unit Harlow complex at 10620 W. Alexander Road. It did not announce the purchase price, but county records indicate that Harlow sold for $17.1 million. Next Wave, based in San Clemente, California,…

Next Wave Investors Has Acquired Two Multifamily Properties in Nevada & Utah 225 225 Next Wave Investors

Next Wave Investors Has Acquired Two Multifamily Properties in Nevada & Utah

The properties include Harlow Apartments, a 98-unit Class A multifamily community in Las Vegas, Nevada and Aspen Village Apartments, a 90-unit multifamily community in West Valley City, Utah. Fisher notes that both properties enable Next Wave Investors to leverage the firm’s existing presence in each market, creating new economies of scale and further streamlining the…

Harlow Apartments & Aspen Village 373 262 Next Wave Investors

Harlow Apartments & Aspen Village

98-unit Class A Multifamily Community in Las Vegas, Nevada Next Wave acquired Harlow Apartments, a 98-unit multifamily property in Las Vegas, Nevada on March 29, 2019. The property is located near an expanding northwest region known as Lone Mountain and is within five miles from Summerlin, one of the most prestigious communities in the Las…

Next Wave Purchases Two Properties Totaling 188 Units 225 225 Next Wave Investors

Next Wave Purchases Two Properties Totaling 188 Units

Next Wave Investors has purchased two apartment communities totaling 188 units in Las Vegas and West Valley City, Utah. The two properties are the 98-unit Harlow Apartments and the 90-unit Aspen Village Apartments. “Our strategy is to invest in well-located, under-appreciated properties where we can create value through modern renovations that appeal to each property’s…

Next Wave Acquires Two Multifamily Assets 225 122 Next Wave Investors

Next Wave Acquires Two Multifamily Assets

Next Wave Investors LLC “Next Wave” has acquired two multifamily properties in Nevada and Utah totaling 188 units. The properties include Harlow Apartments, a 98-unit Class A multifamily community in Las Vegas, and Aspen Village Apartments, a 90-unit multifamily community in West Valley City, Utah. “Our strategy is to invest in well-located, under-appreciated properties where…

Investment Manager Formed by Ken Cruse Buys Ariz. Apartments 393 107 Next Wave Investors

Investment Manager Formed by Ken Cruse Buys Ariz. Apartments

Alpha Wave Investors has paid $10.55 million, or $95,910/unit, for Orange Tree Village, a 110-unit apartment property in the Casas Adobe area of Tucson, Ariz. The San Clemente, Calif., investment manager was formed by a team led by Kenneth E. Cruse, the former chief executive of Sunstone Hotel Investors Inc., who left the Aliso Viejo,…

Alpha Wave Investors Buys 94-Unit Res Asset in Salt Lake City 140 125 Next Wave Investors

Alpha Wave Investors Buys 94-Unit Res Asset in Salt Lake City

A subsidiary of Alpha Wave Investors LLC has acquired Park Station Apartments, a 94-unit multifamily property in the Salt Lake City submarket of Midvale, UT. Constructed in 1974, Park Station Apartments is located at 7155 High Tech Dr. The property offers two-bedroom/one-bath floorplans and easy access to local employment and several entertainment and shopping options.…

Alpha Wave Expands in Utah 225 225 Next Wave Investors

Alpha Wave Expands in Utah

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…

  • 1
  • 2