Thursday, October 4, 2018

Alpha Wave Investors Acquires 76-Unit Multi-Family Community in Rapidly Growing Salt Lake City, UT Submarket


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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