Baker & McKenzie (Gaikokuho Joint Enterprise) ("Baker McKenzie") has advised Daiwa House Industry Co., Ltd. ("Daiwa House") via Daiwa House USA Holdings Inc. — Daiwa House's US subsidiary — on a minority investment in Alliance Residential Company ("Alliance Residential"), one of the largest and most active rental residential real estate developers in the US. The deal was completed on 1 November 2024. Daiwa House's acquisition of a 35% equity interest in Alliance Residential further expands Daiwa House's real estate development platform in the US.
Daiwa House's previous M&A activities in the US have included investments in three for-sale homebuilders over the last seven years: Stanley Martin Holdings, LLC on the east coast in 2017, Trumark Companies LLC on the west coast in 2020 and CastleRock Communities, LLC in the south in 2021.
Alliance Residential is a privately-held company engaged in the development, construction and acquisition of rental housing in 19 business locations covering 39 metro areas across 16 states in the US.
The transaction was led by Tetsuo Tsujimoto, a partner in the Baker McKenzie Tokyo office Corporate/M&A Group. Tetsuo was supported by a team that included fellow Tokyo office partner Masahiro Inaba as well as Baker McKenzie San Francisco office partner Derek Liu and associates Alyssa Dickinson and David Fronckowiak.
Daiwa House's previous M&A activities in the US have included investments in three for-sale homebuilders over the last seven years: Stanley Martin Holdings, LLC on the east coast in 2017, Trumark Companies LLC on the west coast in 2020 and CastleRock Communities, LLC in the south in 2021.
Alliance Residential is a privately-held company engaged in the development, construction and acquisition of rental housing in 19 business locations covering 39 metro areas across 16 states in the US.
The transaction was led by Tetsuo Tsujimoto, a partner in the Baker McKenzie Tokyo office Corporate/M&A Group. Tetsuo was supported by a team that included fellow Tokyo office partner Masahiro Inaba as well as Baker McKenzie San Francisco office partner Derek Liu and associates Alyssa Dickinson and David Fronckowiak.
Explore Our Newsroom