Wermers Properties, a leader in premier multifamily, sets its investment eye on the Southwestern region of the Unites States. Currently active in the states of California, Nevada, Washington, and Arizona, Wermers Properties, has 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. Wermers 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 and 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 top-of-theline amenities, including a heated resort-style pool and spa.
“There is a wealth of potential in the Southwest region’s multifamily market. Like Tuscany Ridge and Villa Serena, the Southwest offers exciting opportunities to enhance and develop vibrant, well-planned communities. Our expertise in multifamily development allows us to build and renovate communities where residents have access to top-of-theline amenities, premier retail, transit, and jobs. We are thrilled to see this expansion unfold,” said Tom Wermers, CEO of Wermers Properties.
