February 16 2015
Allegiancy announces 2014 results, REVA name change
RICHMOND, VA. – Commercial real estate asset manager Allegiancy announced its results from last year, in terms of value created for its property owners and investors. The company also announced that REVA Management Advisors has changed its name to Allegiancy.
In reviewing 2014, Allegiancy leaders looked at the obvious, and not-so-obvious, measures of how well the company did:
1) Allegiancy Growth Rate: 62 percent
Organic growth from referrals of satisfied clients drove Allegiancy’s assets under management up by 62%.
2) Number of Employees: 16
“Allegiancy seeks to grow, but also wants to stay lean enough that every employee is bringing direct value to our clients,” said Steve Sadler.
Allegiancy President Chris Sadler added, “We’re enthusiastic about our new chief operating officer, David Starowicz, who just joined our team, bringing a successful track record, and we plan to have more hiring announcements in 2015.”
3) Miles traveled by Allegiancy employees visiting properties: more than 130,000
Allegiancy leaders tell clients, “We do what you would do if you were there, at your property.” In order to achieve that, Allegiancy employees visit properties often.
“The miles we travelled in 2014 speak to the commitment we have to hands-on asset management on behalf of our property owners,” said Chris Sadler. “We wouldn’t have it any other way.”
4) Pairs of boots owned by Allegiancy CEO Steve Sadler: 4
Pairs of boots owned by Allegiancy President Chris Sadler: 3
“Central to our philosophy of managing commercial real estate assets is having our ‘boots on the ground’ at our properties,” Chris Sadler said. “We equally believe in talking to the ‘boots on the ground’ already there – the working people who give us the real story about what should be done at a property, versus what could be done.”
Both of these approaches have worked well because Allegiancy manages commercial properties that have outperformed their peers by 45 percent since 2006.
5) Dividends paid to property owners/investors – $3,775,975.90
“This is the real deal for us because we realize it doesn’t just represent a figure on a spreadsheet,” Steve Sadler said. “It represents someone’s daughter who can now have the wedding she hoped for, or a young person’s education fund, or someone’s retirement plans finally reached. At Allegiancy, we understand that investors have entrusted their treasure to us, and we take that trust seriously. What we’re able to show for it is our highest standard.”
Name change of REVA Management Advisors to Allegiancy
Allegiancy also announced that it had changed the name of its subsidiary, REVA Management Advisors, to Allegiancy.
In explaining the change, Steve Sadler said, “The name Allegiancy better expresses the fact that this company also thinks like the investors it serves, and takes to heart the human value of the assets that have been entrusted.”
Sadler added, “We have made no changes in REVA management. The same people will provide clients with the same service on which we have built our reputation.”
Allegiancy is changing the business of asset management for commercial real estate owners and investors. With an advanced technology platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor to an often poorly understood business. Combining its proactive Value Assurance? operational rigor with an intense focus on cash flow and profitability, Allegiancy is expanding on a track record of more than four decades of success.
Headquartered in Richmond, Va., and led by a team of seasoned professionals and more than 100 years of experience, Allegiancy manages properties that have outperformed their peers by 45 percent since 2006. The company has more than $300 million in assets under management (AUM) and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate.
More information about Allegiancy may be found at www.allegiancy.us.
To schedule an interview with Allegiancy’s leadership, contact Audrey Bevel at email@example.com or 866.842.7545 ext. 204 or (804)201-7161.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Allegiancy, LLC’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the offering circular dated January 14, 2014 and filed by the Company with the U.S. Securities and Exchange Commission on January 15, 2014. The offering circular, and any supplements or updates thereto, is available on the EDGAR system located on www.sec.gov.
March 07 2017