Alliance Residential Opens 746 West Valley Units As It Marks 25th Anniversary

Alliance Residential Company celebrated its 25th anniversary by opening two West Valley properties
totaling 746 units in 2025: the 432-unit Prose Ascend in Avondale and the 314-unit Broadstone Westgate
in Glendale.

“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. “Alliance currently has roughly 75 projects under construction and lease up nationally, and
another 55 projects in development.”

The past few years have been challenging as deliveries were at record highs, but the developer will
continue to be very active in the Phoenix market over the next 25 years, said Ian Swiergol, managing
director of the Southwest market for Alliance Residential.

“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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