There have been a number of announcements recently about newly launched industrial funds.
But not too many have come from major players in the multifamily business. That changed with Alliance Residential Co.'s announcement that it has launched Alliance Industrial Co. Alliance is the No. 2 developer and the No. 44 owner on the NMHC's list of top companies in the apartment industry.
Alliance Industrial Co. will be focused on capitalizing on the e-commerce-fed demand in essential warehouse logistics and distribution space development. The company, which is based in Houston, will leverage Alliance Residential Co.'s national acquisition, development and construction infrastructure and leadership.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
