S.F.'s Newest Import

We got the scoop on one multifamily giant looking to move into the city.

Photo credit: Broadstone

Phoenix-based Alliance Residential is on the prowl for its first piece of land in the city, sources close to the company tell us. We had the chance to recently visit San Diego's Broadstone Little Italy, one of its signature brands (above). Among the apartment community's perks: a zero-edge pool with underwater speakers and a high-def golf simulator. The company already has a presence in Silicon Valley and East Bay.

Above, a picture-perfect shot we took facing the Bay from the patio area. (The company is getting ready to debut another property in another part of San Diego County.) We checked in with a Bay Area multifamily broker, who hasn't heard of anything in S.F. Alliance has taken down yet, but notes that "everyone" is looking for land here these days. Alliance, which has invested in more than $3B of real estate and manages a $9B portfolio, didn't respond to a request for comment.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction