February 20 2017
ALLEGIANCY IS AWARDED THE ASSET MANAGEMENT CONTRACT OF A DISTRIBUTION FACILITY IN NORTHWEST PACIFIC
Richmond, Va., February 20, 2017 – Allegiancy is delighted to announce it has been awarded the asset management contract for a 8,400SF, tenant (Federal Express) Distribution Facility located in the pacific northwest town of Brookings, OR.
The Brookings, Oregon building is 100 percent occupied by FedEx Ground facility with a ten-year lease with two 5-year options. The newly constructed property is suitably located in the pacific northwest just 9 miles from the California border and 28 miles from Crescent City, CA. The Brookings facility compromises 8,400 square feet. The location of this property is conviently situated on the highly expansive highway 101, a major 4-lane road that is the main thoroughfare into the town of Brookings and the Brooking Harbor district.
“Earning the contract to be the asset management firm for Brookings is sensational for us. We are excited to asset manage in the Pacific Northwest region,” said Allegiancy CEO Steve Sadler.
Allegiancy is changing the business of asset management for commercial real estate owners and investors with radical specialization. With a technology-enabled operating platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor and unparalleled discipline to a poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is leveraging the experience of its principals of more than four decades of success.
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 REVA’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.
March 07 2017