PHOENIX, Oct. 4, 2016 /PRNewswire/ -- Alliance Residential Company, the nation's largest multifamily developer and seventh largest multifamily manager, shares its continued commitment to sustainability with the release of the 2016 Alliance Citizenship + Sustainability report.
This second annual report showcases how Alliance is creating lasting change within Alliance properties, for the people who live and work there and for the multifamily industry. To improve performance, Alliance has begun tying some of its sustainability goals to overall key performance indicators which individuals and departments are accountable.
"We know that what gets measured, gets managed," said Kelly Vickers, Alliance National Director of Sustainability. "With our sustainability reports, we have found it to be extremely beneficial as a way to assess our progress, seek stakeholder feedback and shape our goals, providing greater impact across the board."
Waste management is a top sustainability priority with Alliance. The company is implementing a national waste account management program to align reporting, goals, costs and cost savings, recycling and composting programs, and to audit and scrub bills. The waste account management program will be launching during Q4 of 2016 in Alliance's Northeast region and will continue to roll-out nationwide in 2017 and beyond.
Water conservation efforts, especially in drought-stricken markets like California, are an increasing focus for Alliance with an 88 percent jump in properties participating in Fix-A-Leak Week from 2015 to 2016 and other water conservation efforts being implemented in more communities. These efforts have resulted in substantial water conservation, lower utility expenses and reduced water-related property damage.
Additional sustainability report highlights include:
- Currently, 44 properties are either certified or in certification process of green building designations, including:
- Three LEED Platinum properties
- Two LEED Gold properties
- Seven LEED Silver properties
- Aggressive paperless goals and impact, launching a beta cloud storage solution in 2016 allowing the full lease file and on-site binder system to be stored on the cloud, with national roll-out in 2017.
- Air quality improvements throughout Alliance's portfolio, including:
- 84 percent using green certified low-volatile organic compound (VOC) carpets
- 59 percent using low-VOC floor score-certified hard surface flooring
- 83 percent using low- to zero-VOC paints
- Green cleaning products, while significantly better for the planet and people, have also shown an average 75 percent cost savings during a green cleaning beta test
Outside of property development, building and management, Alliance has also built sustainability into how the company gives back to the local communities. Alliance Cares is now streamlining to focus philanthropy efforts in strategic areas, including ecological sustainability. Nationally, Alliance has supported The Nature Conservancy's "Plant a Billion Trees by 2025" along with executing an annual Earth Day employee tree planting project.
Alliance engages and inspires its team, residents and the multifamily industry to develop thoughtful and impactful strategies to improve the environment and the places its residents call home. By leveraging the scale of its business to make local communities stronger and raise the industry standards nationwide, Alliance's practices will have a significant and lasting impact.
"Our scale, geographic reach and priorities make it possible to build long-term value through efficient management of properties, strong and loyal relationships and responsible stewardship," said Jay Hiemenz, Alliance President and Chief Operating Officer. "We are proud of our progress and work to continually improve our target goals as a best-in-class multifamily company."
To learn more about Alliance's commitment to unify its citizenship and sustainability efforts and to view the full report, visit www.allresco.com/2015CitizenshipSustainability/.
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 $14 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.
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SOURCE Alliance Residential Company