March 27 2015
Allegiancy CEO Steve Sadler selected to participate in the 2015 Virginia Venture Summit
For immediate release.
RICHMOND, VA – Allegiancy CEO Steve Sadler has been selected to participate at the 2015 Virginia Venture Summit on April 2 at the Capital One West Creek Campus in Richmond, according to Venture Executive Director Robin Hogge.
The Summit features Richmond companies at various stages along the spectrum: innovation, start up, and growth.
Allegiancy, a Richmond-based commercial real estate asset manager, has been asked to participate in the growth category.
Since closing on its first outside capital raise of $5 million in 2014, Allegiancy has nearly doubled the size of its firm. It is preparing to more than double again in 2015 with an additional $30 million capital raise using the new Regulation A+ rules just released this week by the U.S. Securities and Exchange Commission (SEC).
“Allegiancy is a pure-play commercial real estate asset manager focused on a $15 trillion market,” Sadler said. “So there is an awful lot of room for us to grow.”
Sadler explained: “Allegiancy operates commercial office buildings for the benefit of the owners. Functionally, we are the guardians at the gate to protect those owners’ interests. We make sure that their properties are being run as efficiently and effectively as possible to maximize the return they get on their capital.”
The good news for property owners is that Allegiancy has outperformed its peer group by 45 percent since 2006.
“Our niche is to protect the investor,” Sadler said. “We are about maximizing their return on investment with integrity. Someone has to watch out for them.”
Allegiancy is in growth mode. Sadler said, “A meaningful part of our growth will come from acquisitions of other asset management companies and their contracts to manage properties as part of our portfolio. We have been in the marketplace raising capital to fund those acquisitions.”
Sadler has been an outspoken supporter of the new Regulation A+ and was pleased when the SEC finally passed the rules for Reg A+ this week.
“The additional capital we raise using Reg A+ will help us grow our firm faster, but Reg A+ is about much more than Allegiancy,” said Sadler. “Reg A+ is all about opening doors for small businesses who previously couldn’t access the capital they needed to grow. For too long, the equity markets have been broken and have kept promising, smaller companies on the sidelines,” Sadler said.
“Reg A+ is about creating jobs and new opportunities. And it’s about giving regular folks access to investments that only a handful of venture capital and private equity bigwig investors have enjoyed up until now.”
About Steve Sadler
Prior to founding Allegiancy, Sadler spent nearly 20 years in financial services and the investment banking field. He pursued investment banking projects in commercial real estate while part of Signet Bank’s Capital Markets Group, now Wells Fargo. Sadler has executed public market securities and private placement transactions valued at more than $1 billion.
Sadler was previously CEO of a financial services technology company that raised more than $10 million in capital from venture capital funds, angel investors, and strategic partners. In addition, Sadler has been involved in a wide range of asset classes and financing structures and has proven commercial real estate performance and significant turnaround experience.
About Venture Forum Virginia
Since 1986, Venture Forum RVA and members have worked together to support the growth of new ventures and bring resources to Richmond’s entrepreneurial community. The organization gives startups and their founders a place to learn and make critical connections with capital providers, advisors, and serial entrepreneurs. Through our programs and events, the group highlights Richmond’s newest success stories, along with well-established businesses that are respected worldwide.
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 and 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 with more than 100 years of experience, Allegiancy manages properties that have outperformed their peers by 45 percent since 2006. The company has approximately $300 million in assets under management (AUM) and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate. Allegiancy grew by 62 percent last year, largely due to referrals from satisfied clients.
More information about Allegiancy may be found at www.allegiancy.us. To schedule an interview with Allegiancy’s leadership, contact Audrey Bevel at firstname.lastname@example.org or 866.842.7545 ext. 204, or (804) 201-7161.
March 07 2017