Next Wave In The News

Westover Parc Apartments, a 160-unit apartment community in Phoenix, was purchased for $41.6 mil ($260k/unit) by an East Coast-based buyer. Westover Parc Apartments is located at 6515 W. McDowell Rd, west of Hwy 202 and just north of I-10. The property was sold by Next Wave Investors LLC. Article Source: RENTV.com

Next Wave Investors, LLC (“Next Wave”), a private equity firm focused on value-add multifamily investments, has acquired Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, Washington in an off-market transaction, according to Jordan Fisher, Principal at Next Wave. Article Source: MultifamilyBiz

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…

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…

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…

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…

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 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…

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…

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,…