December 07 2015
Allegiancy hires asset manager in continued rapid expansion of firm’s active commercial real estate asset management
Richmond, Va., Dec. 7, 2015 — Allegiancy added to its growing team and hired an asset manager as part of the active commercial real estate asset management firm’s continued rapid expansion and growth in new markets.
Allegiancy, based in Richmond, Va., has more than tripled the number of its employees over the past year as a result of its remarkable growth. The firm is preparing a $30 million capital raise under the newly approved SEC regulations called new Reg A+, or IPO-Lite, which Allegiancy intends to use to further catapult the company’s size and presence in the commercial real estate secondary markets
Steve Celuck, with more than 30 years of real estate management experience, joins Allegiancy as the new Asset Manager. In this role, Celuck will help direct Allegiancy’s strategic business plan, drive tactical execution and oversee all operational aspects of an assigned portfolio of properties to maximize owner return and value. In addition, Celuck will provide timely and excellent communication to property owners and implement business plans for each asset.
Celuck worked most recently as Regional Property Manager with U.S. Residential Group. In that capacity, Celuck managed the daily operations of 2,900 apartment homes in Virginia and Maryland, where he dramatically increased occupancy rates.
Allegiancy Chief Operating Officer David Starowicz said Celuck’s experience and performance set him apart. “Steve has proven he can deliver excellent results that are in the best interests of the clients and investors while adding value to assets,” he said. “We look forward to Steve continuing his professional success with Allegiancy on behalf of our investors.”
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 expanding on a track record of its principals of more than four decades of success.
No money or other consideration is being solicited pursuant to this press release, and if any is sent in response, it will not be accepted. No offer to buy Allegiancy’s securities and no part of the purchase price for Allegiancy’s securities can be received until the offering statement Allegiancy has filed with the SEC is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any indication of interest in Allegiancy or its offering involved no obligation or commitment of any kind. A copy of Allegiancy’s offering statement containing its most current preliminary offering circular describing the offering that mentioned in this press release can be found at: http://www.sec.gov/Archives/edgar/data/1579173/000135448815004717/0001354488-15-004717-index.htm
March 07 2017