Next Wave Investors enters Texas market

Next Wave Investors has entered the Texas market with the acquisition of Shiloh Park Townhomes, a 73-unit multifamily community in Plano, Texas, via a subsidiary company. The seller was a private California-based firm.

“As an experienced multifamily owner-operator in high-growth markets throughout the west, we identified Plano as a natural next step in our investment strategy based on the city’s substantial economic and population growth, high median income, and high-quality educational systems,” said Jordan Fisher, principal at Next Wave.

The city of Plano, which ranks third among the nation’s safest, has benefited from tremendous corporate and resident migration, recently taking the number one spot for technology job growth in the nation.

“Building on the strong perf