Next Wave In The News

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…

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 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 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…

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…