Next Wave In The News

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has sold Park Central Luxury Townhomes, a 56-unit townhome rental community in Phoenix, Arizona to FSO Capital Partners for $33.5 million, a 31% increase over its purchase price. Article Source: AZBIGMEDIA

Next Wave Investors has acquired Casa Luna Apartments, a 232-unit apartment community in Dallas, Texas. This purchase brings the firm’s multifamily portfolio in the Dallas-Fort Worth metroplex to more than 300 units. Article Source: RE Journals

FSO Capital Partners has paid $33.5 million, or $598,214/unit, for the 56-unit Park Central Luxury Townhomes in Phoenix. The local private equity firm purchased the property from Next Wave Investors LLC of San Clemente, Calif., which had acquired it last year for $25.5 million. Article Source: Commercial RealEstate Direct

Next Wave Investors LLC recently acquired a portfolio of four multifamily properties totaling 114 units in the Ogden-Clearfield metropolitan statistical area of Utah. The purchase price was undisclosed. Article Source: ConnectCRE

Next Wave Investors has purchased a portfolio of four apartment communities, totaling 114 units, in the Ogden-Clearfield metropolitan statistical area of Utah. Terms of the transaction were not disclosed. Article Source: REBusiness Online

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has acquired a portfolio of four multifamily properties totaling 114 units in the Ogden-Clearfield metropolitan statistical area of Utah. Next Wave has been active in the greater Salt Lake City market for several years and has identified the Ogden-Clearfield MSA…

Next Wave Investors LLC recently acquired Willow Creek Apartments, a 160-unit garden-style apartment community in Prescott for $58 million. The firm has been highly active in the Arizona market since 2016, successfully bringing several multifamily assets located throughout Phoenix and Tucson full cycle, according to Jordan Fisher, principal at Next Wave. Article Source: Connect CRE

A private-equity firm that specializes in buying, renovating and reselling multifamily properties sold the 160-unit Westover Parc apartments in Phoenix to a Boston-based real estate investment firm for nearly $42 million, or more that $260,000 per unit. Article Source: CoStar

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has sold Aspen Village Apartments, a 90-unit apartment community in West Valley City, Utah to a local buyer. Next Wave, via a subsidiary company, initially purchased the property in 2019 with the intention of implementing value-enhancing renovations to improve market…

Next Wave Investors has sold Westover Parc Apartments, a 160-unit community in Phoenix, to an East Coast-based buyer for $41.6 million. Westover Parc Apartments encompasses one- to three-bedroom floorplans ranging from 681 to 1,085 square feet, according to Yardi Matrix. Property amenities include a pool, picnic areas and barbecue grills. Article Source: Multi-Housing News