BROADSTONE LITTLE ITALY JOINS ELITE GROUP OF SUSTAINABLE PROPERTIES

(Chicago, IL, August 18, 2016) – IREM is proud to announce its latest certified sustainable property, Broadstone Little Italy, which is perched above San Diego Bay, and crafted in the spirit of an Amalfi village but with an eye toward the future. A future that is possible thanks to continued sustainability efforts of its management company, Alliance Residential Company.

The IREM® Certified Sustainable Property is the only sustainability certification program that focuses on the role of exceptional real estate management in green building performance. Available for office, multifamily, and retail properties, the certification provides properties with recognition for resource efficiency and environmental programs. To earn the certification, a property must first meet key baseline requirements, and then earn necessary points across energy, water, health, recycling, and purchasing categories. Tenants and residents increasingly associate environmental performance with quality, so the IREM® Certified Sustainable Property certification presents a prime opportunity to showcase quality, responsible real estate management.

“We’re really proud of the team at Broadstone Little Italy for working through and achieving the IREM® Certified Sustainable Property designation,” states Kelly Vickers, National Director of Sustainability at Alliance Residential Company. “Sustainability is a group effort and supportive owners and operators help drive Alliance’s sustainability success.”

Broadstone Little Italy is a perfect example of how Alliance has implemented sustainability into their corporate culture. Alliance is committed to sustainable business practices and has developed the Focus Green program to help minimize the impact their properties have on the environment, provide healthy and efficient homes and offices, control operating expenses, drive savings and promote environmental awareness to stakeholders. They know that their focus on conservation and energy does more than just help the environment; it also helps their bottom line.

“The concept of green buildings has come a long way, from vague ideas of changing out lightbulbs to a corporate imperative, one that transcends energy efficiency to embracing health and wellness”, states Christopher Mellen, CPM®, ARM®, IREM® President, The Simon Companies, Braintree, Mass. “We congratulate Alliance on their initiative in achieving this certification at Broadstone Little Italy.”

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About IREM® Certified Sustainable Property Certification
The IREM® Certified Sustainable Property certification assesses the sustainability performance of existing properties in five categories – energy, water, health, recycling, and purchasing. Thousands of existing office, multifamily, and retail properties in the United States are working toward sustainability goals but cannot get LEED certification. The IREM Certified Sustainability Property certification is an attainable, affordable alternative to LEED and is available for office properties, multifamily communities, and shopping centers. Tenants and residents increasingly associate environmental performance with quality, so the certification presents a prime opportunity to demonstrate the value of exceptional real estate management. An affiliate of the National Association of REALTORS®, IREM is the home for all industry professionals connected to real estate management – and the only organization serving both the multi-family and commercial sectors. www.irem.org.

About Alliance Residential Company
Alliance Residential Company is the largest multifamily developer and seventh largest multifamily manager in the nation. As an integrated multifamily real estate company, Alliance is focused on the development, management, construction and acquisition of residential and mixed-use communities. Developer of the high-profile Broadstone communities, Alliance is headquartered in Phoenix with 35 regional offices throughout the West, Southwest, South-Central, Southeast, Mid-Atlantic and Northeast. Alliance is also one of the largest private apartment owners, boasting a $15 billion portfolio of 92,000 units in 32 metropolitan markets. Alliance is actively seeking management, development and acquisitions opportunities across the markets it serves. For more information, visit www.allresco.com.