SAN DIEGO, CA – Wermers Properties, a leader in premier multi-family, sets its investment eye on the Southwestern region of the United States. Currently active in the states of California, Nevada, Washington, and Arizona, Wermers Properties – along with its partners, have acquired 1,726 existing apartment units in the last 24 months. The most recent additions to the Wermers portfolio include Tuscany Ridge in Peoria, AZ and Villa Serena in Henderson, NV.
Tuscany Ridge, located in Peoria, AZ, is a 336-unit garden-style community in the heart of the Arrowhead submarket. The property was acquired in the earlier part of 2018 by Wermers Properties, and R&V Management Corporation. The partnership has already begun extensive renovation of the units. Tuscany Ridge is conveniently situated near major healthcare, university, and corporate employment opportunities, and provides residents immediate access to the top retail and restaurant destinations in the area.
Villa Serena is a 288-unit garden-style rental community located in the heart of Henderson, NV. It was acquired in December 2018 through a partnership between Wermers Properties, R&V Management, and Sunroad Enterprises. The property offers close proximity to the Las Vegas Valley and nearby employment centers, as well as a variety of entertainment opportunities. Completed in 1996, Villa Serena offers one, two, and three-bedroom floor plans with an average unit size of 934 square feet.
“There is a wealth of potential in the Southwest region’s multi-family market. Like Tuscany Ridge and Villa Serena, the Southwest offers exciting opportunities to enhance and develop vibrant, well-planned communities. Our expertise in multi-family development allows us to build and renovate communities where residents have access to top-of-the-line amenities, premier retail, transit, and jobs. We are thrilled to see this expansion unfold,” said Tom Wermers, CEO of Wermers Properties.
For information on Wermers Properties and its projects, visit the Wermers Properties website at www.wermersproperties.com