Next Wave Identifies Ogden-Clearfield as Key Submarket
Next Wave Investors LLC recently acquired a portfolio of four multifamily properties totaling 114 units in the Ogden-Clearfield metropolitan statistical area of Utah. The purchase price was undisclosed.
Next Wave has been active in the greater Salt Lake City market for several years and identified the Ogden-Clearfield MSA as a key submarket with high-growth fundamentals that are well aligned with the firm’s investment strategy, according to Jordan Fisher, principal at Next Wave.
“The Ogden MSA has emerged as a top-performing Salt Lake City submarket that is seeing year-over-year rent growth of more than 13 percent and occupancy rates of over 98 percent, creating a high demand for quality multifamily units,” says Fisher, citing recent Yardi Matrix reports. “Located approximately 45 minutes north of Salt Lake City, the area’s positioning as a peaceful suburban location with rich local amenities on the cusp of a major city will continue to attract those seeking a more space and small-town feel within close proximity to employment hubs.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.