SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE)--Insert in third paragraph, first sentence of release, Ken Cruse's title: CEO.
The corrected release reads:
ALPHA WAVE INVESTORS CLOSES ON ITS FIRST MULTI-FAMILY PARTNERSHIP: ALPHA WAVE RESIDENTIAL FUND 1, LP
Alpha Wave Investors, LLC today announced it closed on its first multi-family partnership - Alpha Wave Residential Fund 1, LP (AWRF1) – on July 31. The AWRF1 portfolio is comprised of four multi-family Las Vegas properties (418 units) all located within the vibrant University submarket.
Jordan Fisher, Alpha Wave Residential Partners, LLC CEO and AWRF1 General Partner, said, “We are excited to announce the closing of our first multi-family partnership. We are already executing on a comprehensive value-creation plan for the AWRF1 portfolio, and we have made significant progress toward repositioning the properties to increase their competitive appeal to our target millennial demographic. All four properties will be managed by our wholly-owned property management company, Next Wave Property Management, LLC, which allows us to directly implement new services and innovations aimed at improving operating efficiency and enhancing the tenant experience.”
Ken Cruse, Alpha Wave Investors, LLC CEO, added, “The partnership deal we announced today is highly consistent with our stated strategy of making well-timed, value-driven investments where clear upside may be achieved through thoughtful, intensive oversight. We see AWRF1 as a great opportunity to build on our proven track record of delivering superior investor returns and look forward to rolling out additional partnership opportunities over the next several quarters.”
Equity capital for AWRF1 was arranged, in part, by Mike Gottlieb of Citation Capital Partners, Inc.
About Alpha Wave Investors
Alpha Wave Investors, LLC is a Southern California-based private equity investment platform. The company’s name -- Alpha (superior returns through insightful investing) and Wave (investment strategies tailored for the peaks and valleys of the business cycle) – reflects its philosophy of creative, disciplined, value-driven investing for all phases of the cycle. Alpha Wave’s principal objective is to consistently generate superior risk-adjusted investor returns.
Alpha Wave’s strategy is to make cycle-appropriate, value-driven investments where clear upside may be achieved through hands-on management, competitive repositionings and operational efficiencies.
Alpha Wave focuses on three primary verticals:
Alpha Wave Residential is focused on direct investments in value-add multifamily assets and value creation through hands-on property management via its wholly-owned subsidiary, Next Wave Property Management, LLC.
Alpha Wave Lodging is focused on cyclical opportunities in the lodging space via both direct investments and operations management.
Alpha Wave Eco is focused on direct investments in profitable green and eco-friendly businesses.
For more information, please visit the company’s website at www.alphawaveinvestors.com.