Alliance Residential Acquires $160 Million Waterfront Community in Coronado, Calif.

Dec. 4, 2013— Alliance Residential is pleased to announce its acquisition of Coronado Bay Club, a 549-unit, garden-style apartment community located on the water in Coronado, Calif., an affluent “island” adjacent to downtown San Diego. The deal was brokered by Jones Lang LaSalle on behalf of LaSalle Investment Management. Alliance’s JV partner in the transaction…