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IRVINE, CA-Senior partner Chad McCollum of Phoenix-based Alliance Residential Co. has relocated here as part of Alliance’s plans to double its existing $750 million multifamily project pipeline to $1.5 billion. McCollum, who formerly was based out of Alliance’s North Texas Division in Dallas, tells GlobeSt.com that the company believes it can add the $750 million of new development to its pipeline within two to three years.

McCollum notes that Drew Colquitt, the managing director and development partner who heads the Alliance office here, has built the current $750-million pipeline in the three years since Colquitt established the office. He says the $750-million figure includes projects that have been built as well as those under development.

McCollum’s responsibilities will include sourcing and negotiating the purchase of multifamily development sites, managing the development and construction process of sites and acquiring and revamping existing properties. One of Alliance’s goals is “to increase the company’s footprint in this region, including Orange County, to a combined and constant 2,000 units in production,” according to Bruce Ward, president of Alliance Residential.

Colquitt has focused on all of Southern California until now, but with McCollum coming on board as a second development partner in the Orange County office, the two will now specialize in different parts of the region. Colquitt will now focus primarily on Los Angeles, the Pacific Northwest and San Diego, while McCollum will specialize on Orange County, the Inland Empire and the Central Valley.

The Alliance office currently is working on nine deals totaling 700 units in the Inland Empire. The company recently started leasing a 256-unit apartment project in Moreno Valley, called Broadstone Overlook, on Moreno Beach Drive near the 60 Freeway.

Other Alliance projects in the Southland include a 204-unit apartment complex at First Street and Beaudry Avenue in Los Angeles and a 140-unit condominium development on Hollywood Boulevard near the Kodak Theater in Hollywood. The condominium project is a conversion of a 175,000-sf office building.

Alliance, which develops and builds its own projects, holds some of its properties and sells others. “Historically, for every three we build, we hold two and sell one, but whether we hold them or sell them is truly a case-by-case decision,” McCollum tells GlobeSt.com. “It depends on market conditions, who our partner is, and a lot of different variables.”

Alliance Residential, which is known as Alliance Communities in Texas, develops, acquires, builds and manages residential and mixed-use projects in the West and in the South Central US. It is one of the largest third party management companies in the Western US, with a $3-billion portfolio in 10 states.

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