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| Jordan Fisher |
SALT LAKE CITY, UT – Alpha Wave
Investors, LLC (Alpha Wave), a private equity investment
firm specializing in opportunistic and value-add multifamily and hospitality
assets in the Western U.S., has acquired Cove on Bruce Apartments, a
76-unit multifamily community located in the rapidly growing Salt Lake
submarket of Clearfield, Utah.
This is the firm’s fourth acquisition in the
Salt Lake City metro area in the past 12 months.
“Clearfield is an exceptionally attractive
market for multifamily investment based on its proximity to Salt Lake City,
growing job market, attractive rents, and strong projected population growth,”
says Jordan Fisher, a Founding Partner of Alpha Wave.
“The
property is an exact fit for our proven investment strategy, through which we
invest in attractively-priced, ‘off-the-radar’ B and C class multifamily properties
located in secondary markets that are poised for compelling growth.”
Jason Wadsworth at Carpenter Commercial represented both the buyer and seller in the transaction.
Contacts:
Lisa James /
Jenn Quader
Brower Group
(949) 955-7940
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