Next Wave In The News

Multifamily Community in Spokane Valley, WA Purchased by Next Wave Investors 400 400 Next Wave Investors

Multifamily Community in Spokane Valley, WA Purchased by Next Wave Investors

Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, WA, was acquired by Next Wave Investors in an off-market transaction. The price was not given out. Built in 1977, Park Place is located at 916 North Ella Rd. It features an attractive mix of two-bedroom apartment homes and a single three-bedroom…

NextWave is Bullish on the Pacific Northwest 794 104 Next Wave Investors

NextWave is Bullish on the Pacific Northwest

According to David Sloan, principal at Next Wave Investors LLC, recent Yardi data indicates continuing growth in demand for quality multifamily units as Spokane Valley, WA is expected to record average annual rent increases of 6.53 percent through 2024. This growth is bolstered by the fact that many residents from Seattle and other major Western…

Next Wave Acquires 118-Unit Multifamily Community in Vancouver, Wash. for $23.85MM 1800 600 Next Wave Investors

Next Wave Acquires 118-Unit Multifamily Community in Vancouver, Wash. for $23.85MM

Vancouver – Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, has acquired Ashley Terrace, a 1993-vintage, 118-unit unrenovated apartment community in the affluent Walnut Grove submarket of Vancouver, Washington for $23.85 million ($202,118 per unit) in an off-market transaction. “This acquisition speaks volumes about current trends in the multifamily…

Next Wave Investors sells 95-unit Park Station in Midvale, UT 400 107 Next Wave Investors

Next Wave Investors sells 95-unit Park Station in Midvale, UT

Midvale–Next Wave has sold Park Station Apartments, a 95-unit transit-oriented multifamily property in the Salt Lake City submarket of Midvale, Utah to a California-based private investment company. “This was a repeat buyer, which speaks to the quality of our properties and our relationships,” says Sloan. “After acquiring the asset in July of 2018 and implementing…

Next Wave deal shows California private equity is still keen on the Pacific Northwest 1476 461 Next Wave Investors

Next Wave deal shows California private equity is still keen on the Pacific Northwest

Ashley Terrace in Vancouver sold to a Southern California private equity firm, the group’s latest purchase in the Pacific Northwest California private equity money continues sloshing into the Pacific Northwest apartment market. Next Wave Investors recently paid $23.85 million for Ashley Terrace, an apartment complex with 118 units across from Bagley Community Park in Vancouver.…

Next Wave enters Oregon market 539 93 Next Wave Investors

Next Wave enters Oregon market

Next Wave Investors has acquired two multifamily properties in the Pacific Northwest: Serrano North and South in Spokane, Wash., and River Lofts in Tualatin, Ore. “The opportunity to enter the Oregon market and expand our footprint in Washington is well-timed with our ongoing investment strategy, through which we continue to identify value-add properties situated in…

Apartment complex west of Las Vegas Strip sells for $30M 409 99 Next Wave Investors

Apartment complex west of Las Vegas Strip sells for $30M

An apartment complex a few miles west of the Strip has sold for nearly $30 million. Southern California real estate firm Next Wave Investors recently announced that it acquired the 216-unit Spanish Oaks complex for roughly $28.1 million. Spanish Oaks, 2301 S. Valley View Blvd., off Sahara Avenue, was built in 1976, according to Next…

Phoenix Multifamily on Solid Ground: Q&A 900 500 Next Wave Investors

Phoenix Multifamily on Solid Ground: Q&A

Having been active in the market’s multifamily sector for several years, Next Wave Investors’ Principal points out Phoenix’s strengths. The Phoenix multifamily market has fared relatively well, despite the negative impact the COVID-19 outbreak has had on most markets. Occupancy in stabilized properties declined just 30 basis points year-over-year, to 95.0 percent as of June,…

Next Wave Acquires PHX’s Largest Built-for-Rent Townhome Complex 784 136 Next Wave Investors

Next Wave Acquires PHX’s Largest Built-for-Rent Townhome Complex

Private equity firm Next Wave Investors, LLC acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix for $25.5 million. Principal Jordan Fisher said it’s the largest built-for-rent townhome community developed in Phoenix to date. “Phoenix, which was the second-largest inbound city in the country last year, has increasingly attracted…

Southern California Investor Sells Salt Lake City-Area Apartment Complex 1220 209 Next Wave Investors

Southern California Investor Sells Salt Lake City-Area Apartment Complex

Out-of-State Buyer Picks Up 95-Unit Park Station in Midvale Next Wave Investors, a San Clemente, California-based multifamily investment firm, has sold a 95-unit apartment complex in Midvale, Utah. Article Source: Costar.com