Next Wave In The News

Next Wave Investors, LLC (“Next Wave”), a private equity firm focused on value-add multifamily investments through subsidiary investment vehicles, has deepened its investment in the Western US with the acquisition of 380 multifamily units spanning four apartment communities, including 96-unit La Estrella Vista and 149 of the 160-unit Westover Parc in Phoenix, Arizona; 72-unit Bella Vida in Las Vegas, Nevada; and…

Next Wave Investors, LLC (“Next Wave”), a private equity firm focused on value-add multifamily investments through subsidiary investment vehicles, has deepened its investment in the Western US with the acquisition of 380 multifamily units spanning four apartment communities, including 96-unit La Estrella Vista and 149 of the 160-unit Westover Parc in Phoenix, Arizona; 72-unit Bella…

Jordan Fisher and David Sloan, who four years ago had formed Alpha Wave Investors with Ken Cruse to pursue relatively small workforce-housing properties and hotels on the West Coast, have spun off the apartment business as a separate operation. Their company, Next Wave Investors – effectively a rebranding of Alpha Wave’s apartment business – is based in…

Next Wave Investors has purchased two multifamily communities in Nevada and Utah totaling 188 units for an undisclosed price. Additional details of the acquisitions were not released. Next Wave acquired Harlow Apartments, a 98-unit property located at 10602 W. Alexander Road in Las Vegas, with units averaging 1,061 square feet. The resort-style, Class A property…

A Southern California real estate firm has acquired a northwest Las Vegas Valley apartment complex. Next Wave Investors announced that it bought the 98-unit Harlow complex at 10620 W. Alexander Road. It did not announce the purchase price, but county records indicate that Harlow sold for $17.1 million. Next Wave, based in San Clemente, California,…

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,…