Alliance Residential found the ultimate ally to manage its property holdings -- itself. The company owns, manages, and redevelops apartment communities across the US. It also provides third-party property and asset management services for other investors, including asset valuation and market analysis. The company also spruces up older complexes and upgrades units; it has redeveloped some 60,000 units in its history. Alliance's management portfolio -- which comprises high-rises, mid-rises, garden-style properties, and student housing facilities -- spans a dozen states and includes about 150 properties with 40,000 individual units. Alliance Residential was founded in 2000.
When acquiring properties, the firm looks for apartment communities that were built after 1990 and have more than 150 units. – less