Next Wave In The News

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,…

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 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…

It is no secret that capital is starting to chase yield outside of Southern California. Phoenix and Denver had been the markets of choice for Southern California-based capital sources, but now Northern Las Vegas is joining the list, as well as Tucson and Salt Lake City. Orange County-based Alpha Wave Investors is starting a new…

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has completed its tenth full-cycle property investment with the sale of Skyline Park Apartments, a two-story, 60-unit apartment community in Tucson, Arizona. Alpha Wave acquired the asset in August of 2017 and implemented a…

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has announced the sale of Sycamore Cove, a 67-unit apartment property in the Oak Flower neighborhood. The firm, which acquired the asset in December of 2016, conducted an extensive renovation and repositioning program that…

A Southern California real estate firm bought a Las Vegas apartment complex for $15 million. Alpha Wave Investors announced Tuesday that it acquired the 144-unit Cypress Springs rental complex and that it plans to make around $1.7 million worth of upgrades and improvements. The complex, at 3651 N. Rancho Drive in the northern Las Vegas…

MIDVALE, UTAH — Alpha Wave Investors has purchased Park Station Apartments, a multifamily property located at 7155 High Tech Drive #3 in Midvale, a suburb of Salt Lake City. A Northern California-based private investor sold the property for an undisclosed price in an off-market transaction. Constructed in 1974, Park Station Apartments features 94 two-bedroom/one-bath apartment…

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial Hills submarket of Las Vegas. Alpha Wave acquired the asset in an off-market transaction for $15 million. “The Las Vegas market…

Alpha Wave Investors, a private equity firm in San Juan Capistrano, has acquired Orange Tree Village, a 110-unit multifamily property in Tucson. Alpha Wave Investors acquired the property for $10.55 million from a Texas-based private investor. Alpha Wave will invest more than $2 million in capital upgrades at the property, including new paint and roofing,…