Press Release: Alliance Taps Dale Boyles to Lead New Senior Housing Platform
PHOENIX (March 19, 2015) — Alliance, the premier national multifamily acquisitions, construction and management company, is expanding into senior housing and has tapped 20-year industry leader Dale Boyles to spearhead the effort.
“After carefully studying the segment, Alliance has made the strategic decision to expand into senior living”, says Jay Hiemenz, Alliance President and COO. “We see demographic trends translating into strong demand on a national scale, coupled with investor demand for great product and a lack of investor alternatives for sophisticated sponsors on a national scale. We feel well-positioned to take advantage of this market opportunity given our national infrastructure of real-estate offices with leading capabilities — particularly in development and acquisition rehab — and our focus on the luxury segment with award-winning resident services.”
Boyles comes from a long career in the senior housing industry, previously serving as VP with Emeritus/ Brookdale Senior Living, the largest senior housing owner operator in the U.S. As Managing Director of Senior Housing, his new role will focus on strategy development, market feasibility, product design and operating partner relationships for Alliance’s initiatives in this new segment.
“Our strategy includes the ability to provide a service-rich environment, not just in independent living, but also in assisted living and memory care — and, in some cases, having these services available within the same facility to provide a continuum of care,” Hiemenz adds. “We needed a seasoned industry leader like Dale to be able to address these additional segments of the market. Given the infrastructure already in place, we believe we can quickly scale the platform to deliver $1B+ worth of projects during the next three years.”
Boyles was a board member with the California Assisted Living Association (CALA), and holds a Bachelor of Science from San Jose State University and an MBA from the University of California, Irvine.
“Making the change from an operation-focused company with direct oversight of senior housing communities to join a fully-integrated real-estate operating company was a natural fit,” says Boyles. “Alliance isn’t just doing business in the local community — we are a part of the community. That sentiment is the essence of senior housing and what excites me about joining the Alliance family. Fully capitalizing on my operational expertise as we bring our core capabilities to the senior housing arena will be a truly rewarding experience.”