Cyrpess Springs Cypress Springs

It is no secret that capital is starting to chase yield outside of Southern California. Phoenix and Denver had been the markets of choice for Southern California-based capital sources, but now Northern Las Vegas is joining the list, as well as Tucson and Salt Lake City. Orange County-based Alpha Wave Investors is starting a new round of value-add investment after completing its business plan and disposing of six properties. The firm has acquired Cypress Springs, a 144-unit apartment complex in Northern Las Vegas. We sat down with Jordan Fisher, a founding partner at Alpha Wave, to talk about why the firm is so bullish on Las Vegas and why it isn’t looking in Southern California markets.