San Juan Capistrano, Calif. – October 5, 2015 — 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.
“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.