SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE)--Next Wave Property Management (NWPM) announced today that it has
acquired Scottsdale, Ariz.-based Silver Mountain Real Estate Group, a
leading manager of apartments, homeowners associations and single family
investment properties in the rapidly-growing Phoenix, Ariz. market. The
acquisition expands NWPM’s geographic presence and solidifies its
position as a leading multifamily real estate services company in the
Southwest region. With this acquisition, NWPM now manages over 2,500
units in Arizona and Nevada.
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“Silver Mountain is one of Phoenix’s most highly-respected management
firms and we are proud to have them join our organization,” said Jordan
Fisher, NWPM CEO. “Combining forces makes considerable sense as it not
only extends our reach into a new, major Southwestern market but also
brings together some of the most talented and experienced professionals
in the industry. This merger will give us the scale to bring our
industry-leading technology and operations to a much broader range of
managed communities, while retaining NWPM’s owner-focused, small
business feel when it comes to customer service and attention to detail.
As a result, we are confident that this transaction will be a win-win
for our employees, owners, tenants and investors.”
NWPM specializes in third-party management of multifamily residential
communities. NWPM is focused on achieving strong returns while
minimizing risks for its property owners by leveraging its market
expertise, proven operating strategies and the latest technological
innovations. Since inception, NWPM has been among the fastest growing
multifamily property management firms in the Southwest. For more
information, please visit www.nextwavepm.com.
NWPM is an affiliate of Alpha Wave Investors, LLC, a Southern
California-based private equity investment platform. For more
information, please visit Alpha Wave’s website at www.alphawaveinvestors.com.
Contacts
Engaged Communication for Next Wave
Liana Miller, 949-276-8920