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Apartment investors expect long-term growth in Las Vegas. Next Wave Investors has acquired a 10th apartment asset in Las Vegas, the Villaggio Di Murano, an-88 unit apartment property, which GlobeSt.com has learned of exclusively. Next Wave purchased the property for nearly $15 million. The purchase is a sign of the firm’s bullish outlook on the market.

“Las Vegas was the first market in which Next Wave invested, and we continue to see strong opportunity in its long term trajectory based on ongoing economic growth in the region,” Jordan Fisher, Principal at Next Wave Investors, tells GlobeSt.com. “The city’s workforce has expanded by 1.4% in the past 12 months and Clark County posted the second-largest population increase of any U.S. county between 2017 and 2018—all of which is fueling demand for well-located, well-amenitized multifamily product.”

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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.

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