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September 26, 2020
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Next Wave Investors Buys 380 Res Units


Next Wave Investors LLC has acquired four apartment communities totaling 380 units in the western U.S. These include the 96-unit La Estrella Vista and 149 units of the 160-unit Westover Parc in Phoenix, AZ, the 72-unit Bella Vida in Las Vegas, NV, and the 63-unit Townhomes at Mountain Ridge in Salt Lake City, UT.

“With these acquisitions, we are expanding our investment in the three most active growth states in the nation,” notes Jordan Fisher, Principal at Next Wave. “Utah and Nevada recently tied as the #1 states for job growth in the US, while Arizona’s job growth is 2nd in the nation, led by growing industries such as tech, bioscience, manufacturing, and healthcare.”

Next Wave plans to implement capital upgrades at each property, including significant exterior and interior renovations at all properties except Bella Vida, which will undergo only interior unit renovations.

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