Alliance Residential Company Opens 746-Unit Multifamily Portfolio in Phoenix West Valley
Alliance Residential Company marked its 25th anniversary with the opening of two multifamily properties in Phoenix's West Valley, totaling 746 units. The portfolio includes the 432-unit Prose Ascend in Avondale and the 314-unit Broadstone Westgate in Glendale, both completed in 2025.
The real estate development firm announced plans to accelerate production across its national platform as market conditions improve. "Our plan is to increase production in 2026 and 2027 across the 30-plus markets where we are active as the markets recover and investment capital returns," said Jay Hiemenz, chairman and CEO of Alliance Residential.
National Pipeline and Development Activity
Alliance Residential currently maintains approximately 75 projects under construction and lease-up nationally, with another 55 projects in development.
The past few years have been challenging as deliveries were at record highs, according to Ian Swiergol, managing director of the Southwest market for Alliance Residential. The developer will continue to be very active in the Phoenix market over the next 25 years, Swiergol said.
Phoenix Market Strategy and Focus Areas
"We are actively engaged on multiple land sites in submarkets that continue to experience strong resident absorption and income growth," Swiergol said. "We are looking around the entire Valley but are currently focused on sites in the north Phoenix and southeast Valley/Tempe submarkets."
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