Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Next Wave Investors has acquired 380 apartment units in Phoenix, Salt Lake City and Las Vegas. The value-add investment firm is bullish on these secondary Western US markets, which have shown significant growth in recent years and have become a good late-cycle play. Next Wave is bullish on these three markets because of that recent growth and the future growth potential.

“All three of these markets are high-growth. Utah and Nevada recently tied as the number one states for job growth in the US, while Arizona’s job growth is second in the nation, led by growing industries such as tech, bioscience, manufacturing, and healthcare,” Jordan Fisher, a principal at Next Wave Investors, tells GlobeSt.com. “By investing in these markets now, we are able to leverage these growth fundamentals and establish economies of scale through streamlined management.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.