Next Wave Acquires PHX’s Largest Built-for-Rent Townhome Complex

Next Wave Acquires PHX’s Largest Built-for-Rent Townhome Complex

Next Wave Acquires PHX’s Largest Built-for-Rent Townhome Complex 784 136 Next Wave Investors

Private equity firm Next Wave Investors, LLC acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix for $25.5 million. Principal Jordan Fisher said it’s the largest built-for-rent townhome community developed in Phoenix to date.

“Phoenix, which was the second-largest inbound city in the country last year, has increasingly attracted businesses and residents with its relative affordability and high quality of life, both before and since the pandemic began,” said Fisher. “The Grove on Glendale is a stand-out property that meets this growing demand for top-notch multifamily living in the market.”

Article Source: Connectcre.com