Portfolio
Track Record
AS OF SEPTEMBER 2022
1862
Units
owned & managed
owned & managed
44 .0%
IRR
average investor IRR to date
average investor IRR to date
$ 500
million
in acquisitions to date
in acquisitions to date
SPANISH OAKS
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 216
YEAR BUILT:1976
DATE ACQUIRED: February 2021
PURCHASE PRICE: $28,500,000
UNITS: 216
YEAR BUILT:1976
DATE ACQUIRED: February 2021
PURCHASE PRICE: $28,500,000
SHILOH PARK
PLANO, TX
PROPERTY TYPE: Multifamily
UNITS: 73
YEAR BUILT:1976
DATE ACQUIRED: November 2020
UNITS: 73
YEAR BUILT:1976
DATE ACQUIRED: November 2020
RIVER LOFTS
TUALATIN, OR
PROPERTY TYPE: Multifamily
UNITS: 74
YEAR BUILT:1974
DATE ACQUIRED: April 2021
UNITS: 74
YEAR BUILT:1974
DATE ACQUIRED: April 2021
SERRANO
SPOKANE, WA
PROPERTY TYPE: Multifamily
UNITS: 300
YEAR BUILT:1984
DATE ACQUIRED: April 2021
PURCHASE PRICE: $34,400,000
UNITS: 300
YEAR BUILT:1984
DATE ACQUIRED: April 2021
PURCHASE PRICE: $34,400,000
PARK CENTRAL LUXURY TOWNHOMES
PHOENIX, AZ
PROPERTY TYPE: Multifamily
UNITS: 56
YEAR BUILT:2020
DATE ACQUIRED: December 2020
PURCHASE PRICE: $25,500,000
UNITS: 56
YEAR BUILT:2020
DATE ACQUIRED: December 2020
PURCHASE PRICE: $25,500,000
TOMPKINS COVE
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 74
YEAR BUILT:1974
DATE ACQUIRED: April 2021
UNITS: 74
YEAR BUILT:1974
DATE ACQUIRED: April 2021
WESTOVER PARC
PHOENIX, AZ
PROPERTY TYPE: Multifamily
UNITS: 300
YEAR BUILT:1984
DATE ACQUIRED: April 2021
PURCHASE PRICE: $34,400,000
UNITS: 300
YEAR BUILT:1984
DATE ACQUIRED: April 2021
PURCHASE PRICE: $34,400,000
BELLA VIDA
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 72
YEAR BUILT: 1996
DATE ACQUIRED: October 2019
PURCHASE PRICE: $12,525,000
DATE SOLD: October 2020
SALE PRICE: $15,000,000
UNITS: 72
YEAR BUILT: 1996
DATE ACQUIRED: October 2019
PURCHASE PRICE: $12,525,000
DATE SOLD: October 2020
SALE PRICE: $15,000,000
TOWNHOMES AT MOUNTAIN RIDGE
SALT LAKE CITY, UT
PROPERTY TYPE: Multifamily
UNITS: 63
YEAR BUILT: 2003
DATE ACQUIRED: May 2019
PURCHASE PRICE: $12,500,000
UNITS: 63
YEAR BUILT: 2003
DATE ACQUIRED: May 2019
PURCHASE PRICE: $12,500,000
LA ESTRELLA VISTA APARTMENTS
PHOENIX, AZ
PROPERTY TYPE: Multifamily
UNITS: 96
YEAR BUILT: 2003
DATE ACQUIRED: May 2019
PURCHASE PRICE: $13,175,000
DATE SOLD: September 2020
SALE PRICE: $16,750,000
UNITS: 96
YEAR BUILT: 2003
DATE ACQUIRED: May 2019
PURCHASE PRICE: $13,175,000
DATE SOLD: September 2020
SALE PRICE: $16,750,000
HARLOW APARTMENTS
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 98
YEAR BUILT: 2003
DATE ACQUIRED: March 2019
PURCHASE PRICE: $17,100,000
DATE SOLD: July 2020
SALE PRICE: $21,500,000
UNITS: 98
YEAR BUILT: 2003
DATE ACQUIRED: March 2019
PURCHASE PRICE: $17,100,000
DATE SOLD: July 2020
SALE PRICE: $21,500,000
ASPEN VILLAGE APARTMENTS
WEST VALLEY CITY, UT
PROPERTY TYPE: Multifamily
UNITS: 90
YEAR BUILT: 1979
DATE ACQUIRED: March 2019
PURCHASE PRICE: $12,175,000
UNITS: 90
YEAR BUILT: 1979
DATE ACQUIRED: March 2019
PURCHASE PRICE: $12,175,000
ORANGE TREE VILLAGE
TUCSON, AZ
PROPERTY TYPE: Multifamily
UNITS: 110
YEAR BUILT: 1981
DATE ACQUIRED: March 2018
PURCHASE PRICE: $10,550,000
DATE SOLD: July 2019
SALE PRICE: $15,850,000
UNITS: 110
YEAR BUILT: 1981
DATE ACQUIRED: March 2018
PURCHASE PRICE: $10,550,000
DATE SOLD: July 2019
SALE PRICE: $15,850,000
CYPRESS SPRINGS
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 144
YEAR BUILT: 1994
DATE ACQUIRED: June 2018
PURCHASE PRICE: $15,000,000
DATE SOLD: August 2020
SALE PRICE: $20,000,000
UNITS: 144
YEAR BUILT: 1994
DATE ACQUIRED: June 2018
PURCHASE PRICE: $15,000,000
DATE SOLD: August 2020
SALE PRICE: $20,000,000
PARK STATION
SALT LAKE CITY, UT
PROPERTY TYPE: Multifamily
UNITS: 95
YEAR BUILT: 1974
DATE ACQUIRED: July 2018
PURCHASE PRICE: $10,750,000
DATE SOLD: November 2020
SALE PRICE: $15,600,000
UNITS: 95
YEAR BUILT: 1974
DATE ACQUIRED: July 2018
PURCHASE PRICE: $10,750,000
DATE SOLD: November 2020
SALE PRICE: $15,600,000
COVE ON BRUCE
SALT LAKE CITY, UT
PROPERTY TYPE: Multifamily
UNITS: 76
YEAR BUILT: 1983
DATE ACQUIRED: September 2018
PURCHASE PRICE: $7,600,000
UNITS: 76
YEAR BUILT: 1983
DATE ACQUIRED: September 2018
PURCHASE PRICE: $7,600,000
BELLA VISTA
ST. GEORGE, UT
PROPERTY TYPE: Multifamily
UNITS: 148
YEAR BUILT: 1986
DATE ACQUIRED: February 2018
PURCHASE PRICE: $13,200,000
DATE SOLD: September 2019
SALE PRICE: $18,200,000
UNITS: 148
YEAR BUILT: 1986
DATE ACQUIRED: February 2018
PURCHASE PRICE: $13,200,000
DATE SOLD: September 2019
SALE PRICE: $18,200,000
LANDING POINT
SALT LAKE CITY, UT
PROPERTY TYPE: Multifamily
UNITS: 126
YEAR BUILT: 1973
DATE ACQUIRED: October 2017
PURCHASE PRICE: $13,000,000
DATE SOLD: August 2019
SALE PRICE: $17,600,000
UNITS: 126
YEAR BUILT: 1973
DATE ACQUIRED: October 2017
PURCHASE PRICE: $13,000,000
DATE SOLD: August 2019
SALE PRICE: $17,600,000
THE COMMONS ON 2ND
SALT LAKE CITY, UT
PROPERTY TYPE: Multifamily
UNITS: 72
YEAR BUILT: 1973
DATE ACQUIRED: October 2017
PURCHASE PRICE: $5,800,000
DATE SOLD: June 2019
SOLD PRICE: $8,300,000
UNITS: 72
YEAR BUILT: 1973
DATE ACQUIRED: October 2017
PURCHASE PRICE: $5,800,000
DATE SOLD: June 2019
SOLD PRICE: $8,300,000
SKYLINE PARK
TUCSON, AZ
PROPERTY TYPE: Multifamily
UNITS: 60
YEAR BUILT: 1985
DATE ACQUIRED: August 2017
PURCHASE PRICE: $1,920,000
DATE SOLD: April 2018
SALE PRICE: $2,600,000
UNITS: 60
YEAR BUILT: 1985
DATE ACQUIRED: August 2017
PURCHASE PRICE: $1,920,000
DATE SOLD: April 2018
SALE PRICE: $2,600,000
SYCAMORE COVE
TUCSON, AZ
PROPERTY TYPE: Multifamily
UNITS: 67
YEAR BUILT: 1979
DATE ACQUIRED: December 2016
PURCHASE PRICE: $1,322,000
DATE SOLD: March 2018
SALE PRICE: $2,400,000
UNITS: 67
YEAR BUILT: 1979
DATE ACQUIRED: December 2016
PURCHASE PRICE: $1,322,000
DATE SOLD: March 2018
SALE PRICE: $2,400,000
THE QUAILS
TUCSON, AZ
PROPERTY TYPE: Multifamily
UNITS: 288
YEAR BUILT: 1984
DATE ACQUIRED: August 2016
PURCHASE PRICE: $9,400,000
DATE SOLD: January 2018
SALE PRICE: $12,200,000
UNITS: 288
YEAR BUILT: 1984
DATE ACQUIRED: August 2016
PURCHASE PRICE: $9,400,000
DATE SOLD: January 2018
SALE PRICE: $12,200,000
VILLA PACIFICA
TUCSON, AZ
PROPERTY TYPE: Multifamily
UNITS: 176
YEAR BUILT: 1986
DATE ACQUIRED: July 2016
PURCHASE PRICE: $5,400,000
DATE SOLD: August 2017
SALE PRICE: $7,282,500
UNITS: 176
YEAR BUILT: 1986
DATE ACQUIRED: July 2016
PURCHASE PRICE: $5,400,000
DATE SOLD: August 2017
SALE PRICE: $7,282,500
OAKRIDGE TOWNHOMES
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 42
YEAR BUILT: 1979
DATE ACQUIRED: March 2016
PURCHASE PRICE: $1,750,000
DATE SOLD: September 2016
SALE PRICE: $2,500,000
UNITS: 42
YEAR BUILT: 1979
DATE ACQUIRED: March 2016
PURCHASE PRICE: $1,750,000
DATE SOLD: September 2016
SALE PRICE: $2,500,000
CASA VISTA
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 23
YEAR BUILT: 1971
DATE ACQUIRED: March 2016
PURCHASE PRICE: $910,000
DATE SOLD: September 2016
SALE PRICE: $1,200,000
UNITS: 23
YEAR BUILT: 1971
DATE ACQUIRED: March 2016
PURCHASE PRICE: $910,000
DATE SOLD: September 2016
SALE PRICE: $1,200,000
SKYLINE PLACE
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 87
YEAR BUILT: 1979
DATE ACQUIRED: July 2015
PURCHASE PRICE: $4,750,000
DATE SOLD: November 2017
SALE PRICE: $6,075,000
UNITS: 87
YEAR BUILT: 1979
DATE ACQUIRED: July 2015
PURCHASE PRICE: $4,750,000
DATE SOLD: November 2017
SALE PRICE: $6,075,000
SKYLINE PARC
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 193
YEAR BUILT: 1972
DATE ACQUIRED: July 2015
PURCHASE PRICE: $7,000,000
DATE SOLD: December 2017
SALE PRICE: $11,000,000
UNITS: 193
YEAR BUILT: 1972
DATE ACQUIRED: July 2015
PURCHASE PRICE: $7,000,000
DATE SOLD: December 2017
SALE PRICE: $11,000,000
SKYLINE VILLAS
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 94
YEAR BUILT: 1962
DATE ACQUIRED: July 2015
PURCHASE PRICE: $3,825,000
DATE SOLD: December 2017
SALE PRICE: $7,385,000
UNITS: 94
YEAR BUILT: 1962
DATE ACQUIRED: July 2015
PURCHASE PRICE: $3,825,000
DATE SOLD: December 2017
SALE PRICE: $7,385,000
SKYLINE TERRACE
LAS VEGAS, NV
PROPERTY TYPE: Multifamily
UNITS: 44
YEAR BUILT: 1984
DATE ACQUIRED: July 2015
PURCHASE PRICE: $2,625,000
DATE SOLD: November 2017
SALE PRICE: $3,175,000
UNITS: 44
YEAR BUILT: 1984
DATE ACQUIRED: July 2015
PURCHASE PRICE: $2,625,000
DATE SOLD: November 2017
SALE PRICE: $3,175,000
Next Wave Investors, LLC (“Next Wave”) is a Southern California-based private equity investment firm with a specialized focus in value-add multifamily investments throughout the Western United States.
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