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October 26 2016

ALLEGIANCY BECOMES THE NEW ASSET MANAGEMENT FOR A CLASS A OFFICE BUILDING IN RICHMOND, VA.

ALLEGIANCY BECOMES THE NEW ASSET MANAGEMENT FOR A CLASS A OFFICE BUILDING IN RICHMOND, VA.

Richmond, Va., October 26, 2016 – Allegiancy is pleased to announce that it has officially won the asset management contract for Lakeview Center, 4800 Cox Rd., in Richmond, VA. The remarkably beautiful Lakeview Center is a Class A Office building located within the Innsbrook Corporate center featuring lakeside views and a beautifully designed structure. The four-story center was constructed in 1989 and since 2006 has undergone renovations and upgrades. Previously, the structure served as the headquarters for Owens & Minor. Currently, Lakeview center is at 98% occupancy to tenants such as The Winebow Group, Covington Travel Services and Free Agents Marketing.

 

Lakeview Center has been completely renovated in the last few years with completely new tenant spaces, a new lobby, updated HVAC systems and a new roof. . Innsbrook offers exceptional quality finishes in an unparalleled corporate office location stretching over 850 acres. The complex is a mixed-use development that is home to over 400 companies employing approximately 20,000 employees. The complex contains over 5 million square feet of office space, three lakes covering 37 acres enhanced by decks and fountains, five miles of paved trails and additional amenities including over 100 events each year like the Richmond Corporate Games, Innsbrook Classic Golf Tournament and Central Virginia’s longest-running mid-week concert series, Innsbrook After Hours.

Allegiancy plans to enhance the thriving future of Lakeview center by well maintaining new renovations and enhancements. Allegiancy is honored to manage this incredible asset.

 

Recently, TIME Magazine named Richmond as the number two city Millennials are moving to in the United States.

 

Steve Sadler, CEO of Allegiancy, stated, “We feel the lakefront location of Innsbrook makes the property very appealing to every type of business.”

 

About Allegiancy

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.

 

 

PLEASE NOTE:

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.