Daiwa House to invest in Alliance Residential Company.

Daiwa House, Japan's largest homebuilder, agreed to invest in Alliance Residential Company, one of the largest multifamily developers in the US. Financial terms were not disclosed. "We are honored that Daiwa House chose Alliance Residential for their US residential rental real estate platform. We believe this meaningfully adds to our balance sheet capability, provides Alliance Residential additional reach into global capital markets and creates a solid foundation for our long-term success," Jay Hiemenz, Alliance Residential Chairman and CEO.