Alliance Residential appointed David Lodwick as chief financial officer of its Southwest Region.
Working closely with the regional development team, Lodwick will be responsible for identifying and managing joint-venture equity and debt financing throughout the Southwest.
“I am excited about this new position, which presents an excellent opportunity to expand Alliance’s presence regionally, and take advantage of the current development cycle with new and existing capital partners,” Lodwick said.
Lodwick joined Alliance in 2011 as finance manager, focusing on identifying, negotiating and closing debt and equity financing in the western U.S. Prior to that, he served as director of asset management for DMB Associates with responsibility for managing a variety of office and retail assets; senior director for Opus West, where he was directly involved in closing more than $3.1B of debt and almost $1.8B in property sales across more than 200 transactions; vice president of BBVA Compass with management oversight of a $200M commercial real-estate portfolio; and real estate researcher for CBRE in the valuation & advisory services group, where he was responsible for preparing appraisals for a wide variety of property types.
A graduate of Arizona State University, Lodwick is also a certified appraiser and maintains a real estate license in the state of Arizona. He holds membership or board positions with a variety of civic, social and business associations, including the Real Estate Investment Advisory Council (REIAC), Urban Land Institute (ULI), Men’s Arts Council of the Phoenix Art Museum and EC70/Executive Council Charities.
As of March 31, Alliance Residential has invested $2.7B in the development of more than 21,500 units and $1.4B in the acquisition of more than 13,000 units since inception. In its Southwest region, Alliance manages a portfolio of 16,495 units across 54 properties, of which 7,364 units are owned by Alliance ventures.
Alliance Residential continues to strategically pursue new development and equity opportunities throughout this region, which includes Arizona, Nevada and New Mexico. Each new community developed is a collaborative effort between top designers and experts in local development and construction, with the goal of creating financially rewarding communities that enhance the neighborhood. By targeting locations with sound market analysis and excellent growth characteristics, Alliance achieves superior investment returns.