Growing operation to support development activity throughout New England region
Alliance Residential Company (Alliance), a privately-owned, national, multifamily acquisitions, development, construction and management company, announced today that it has relocated its Boston office to 184 High Street in Boston. The company’s regional office was previously located at One International Place. The new, larger space accommodates as Alliance’s growing development team in the New England region.
Over the past 15 years, Alliance has become the largest privately-held apartment developer in the country, ranked #1 by NMHC for the past three (3) years in a row. (link). Alliance’s Property Management arm boasts a $13.0+ billion portfolio of 81,000 units in 29 metropolitan markets. In 2015, Alliance increased its national presence by opening its New England office, which services the company’s ongoing multifamily operations in the area. Michael Boujoulian, Managing Director, has led the company’s growth initiatives in Greater Boston including proposed projects in both Waltham and Hingham totaling $170M in total development. “Mike‘s previous leadership experience, expertise in local market execution and keen eye for quality real estate opportunities made him the perfect partner to lead the effort,” stated Adam Fruitbine, Managing Director and head of the firm’s Northeast operations.
“The Greater Boston market is currently experiencing unprecedented growth and opportunity, and the outlook shows very good fundamentals for our business. I’m pleased to help Alliance introduce its best-in-class product and service to the area.” said Boujoulian. “Alliance is a national leader in the industry, so we’ll be working hard to bring all that’s made us successful across the country to Boston.” Boujoulian emphasized Alliance’s commitment to building a successful business in Boston. “Expanding our operations into the new space will allow us to better identify new opportunities, grow our portfolio, and develop the next generation of homes for Greater Boston’s renters.”
About Alliance Residential Company:
Alliance is a fully integrated multifamily real estate operating company focused on the development, acquisition, construction and management of residential and mixed-use communities in the United States. Headquartered in Phoenix, Alliance has 35 regional offices throughout the West, Southwest, South-Central, Southeast, Mid-Atlantic and Northeast. During the past 15 years, Alliance has become one of the largest private apartment owners and managers in the nation, boasting a $13.0+ billion portfolio of 81,000 units in 29 metropolitan markets. Alliance is actively seeking management, development and acquisitions opportunities across the markets it serves. For more information, visit www.allresco.com.
