Alliance Residential Grows Portfolio to More than 100,000 Units
Alliance Residential Company, the nation’s second largest multifamily developer and seventh largest multifamily manager, has achieved a milestone of more than 100,000 managed units, surpassing its strategic growth goal for 2017.
As a fully-integrated, multifamily real estate company focused on the development, construction and management of residential and mixed-use communities throughout the country, Alliance offers nearly two decades of expertise for multifamily operations at all levels.
The multifamily developer has a management presence spread across 20 states including California, Colorado, Florida, Texas, Utah and Washington. Currently managing more than 440 properties nationwide, Alliance has close to 15,000 units in Phoenix, where the company recently doubled its corporate headquarter space.
Alliance’s national portfolio includes:
• Alliance communities are 81% garden and low-rise; 19% are mid-to-high-rise
• Alliance communities are 68% Class A, 26% are Class B, 6% are Class C
• 83% of the more than 100,000 managed units are third-party owned, while Alliance owns 17% of its managed units
Pioneering the highly amenitized luxury apartment community concept with its trademark Broadstone living, Alliance is providing upscale sanctuaries with high quality design, services and amenities within proximity of employment centers, entertainment and culture districts, and transit-oriented locations.
Alliance continues to grow its footprint in 20 states throughout the West, Southwest, South-Central, Southeast, Mid-Atlantic and Northeast, and employs more than 3,000 associates.
“Alliance achieved its managed more than 100,000-unit mark by intentionally expanding and aligning strategies that emphasize customer and associate significance,” said Jay Hiemenz, president and chief operating officer. “Focus in these areas allows for a successful creation of meaningful experiences which drive growth more than any other singular strategy.”
Since 2011, Alliance’s managed portfolio has doubled in size to more than 100,000 units. “We anticipate 150,000 units by 2020, averaging about 16,000 units per year,” Hiemenz said.
To ensure quality across its offerings nationwide, Alliance has all departments in house from property and asset management to full-service marketing, development, and construction. The company is also big on investing in its employees’ development and training, and internal company culture through programs including Alliance University and aLIVE, a program that inspires associates to discover new approaches to well-being at work and at home.
Invested across 33 metropolitan markets in more than $10 billion worth of real estate and a $15 billion portfolio, Alliance remains confident on the multifamily real estate market and has plans for continued growth in strategic urban core areas nationwide.
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