LAS VEGAS, NV – Next Wave Property Management, one of the Southwest’s leading multifamily management firms, announced today it has recently been awarded management of four communities totaling 465 units located in Las Vegas and Henderson, Nevada.
"Next Wave will work with the ownership to develop a plan that will attract and retain quality residents and maximize NOI," explains Melissa Tom, Vice President of Marketing. "By leveraging Next Wave’s industry leading property management technology, we will ensure that the communities are marketed and maintained efficiently in order to ensure resident satisfaction and minimizing unnecessary labor. Automation, efficiency and transparency are built in to our company’s culture."
The four new communities under management are:
Ashford Manor: a 266-unit Class B community located on the edge of Summerlin in Las Vegas. Ashford Manor was built in 1980, and the community is a mix of studios, 1 bedroom and 2 bedroom apartments. There is a resort style pool as well as freestanding garages for storage.
Terravita: a 100-unit class B community located across from Nellis Air Force Base built in 1983. Originally built as condominiums, the property is made up of individually mapped 1 and 2 bedroom residences.
Tropicana Del Este: a 57-unit building located in the Whitney submarket of Las Vegas. The property consists of 1 and 2 bedroom apartments with onsite management, laundry and pool.
Oakridge Apartments: a 42-unit property located in Henderson, Nevada consisting exclusively of two-story townhomes with 2 bedrooms.
“While signing the management agreement only days before the assumption of management, Next Wave was able to quickly mobilize in taking over the communities. Our staff and technology enabled us to seamlessly transition from the prior ownership and management and then immediately begin improving operations.”
About Next Wave Property Management: Next Wave Property Management (NWPM), headquartered in Southern California with offices in Las Vegas, Nev. and Phoenix, Ariz., 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.