PHOENIX—Alliance Residential has promotedV. Jay Hiemenz to president and chief operatingofficer, and Bob Weston to chief financialofficer. These leaders will oversee operational and financingefforts respectively, of the company's approximate $2 billionproduction pipeline and 70,000 units under management.

“Alliance is well-positioned with a strong balance sheet, broadcapital relationships, a first-class leadership team and a solidreputation,” says Bruce Ward, Alliance chiefexecutive officer. “We are proud to be leaders within themultifamily industry and will maintain our position by continuingto serve as solid fiduciaries for our investors, clients,associates and local communities. These recent promotions will helpAlliance continue to be an industry leader, as these individualsembrace our principles and understand our company's vision andfuture growth plans.”

Hiemenz is a founding partner of Alliance and has been anintegral part of Alliance's growth since the company's inception.As chief financial officer he has been a great steward of capital,raising roughly $8 billion worth of multifamily capital and helpingestablished Alliance's platform and policies, as well as financestrategy. With the promotion to president and COO, Hiemenz expandshis responsibilities to oversee overall operations of the company.Hiemenz is an active participant within the industry through UrbanLand Institute, National Multi-Housing Council, MultifamilyExecutive, RealShare Apartment and other groups andorganizations.