March 29 2017
ALLEGIANCY REFINANCES ROYAL MONTREAL RETAIL SPACE IN KATY, TX
Richmond, Va., March 29th, 2017 – Allegiancy is delighted to announce that the Royal Montreal asset, 2004 S Mason Rd, in Katy, TX has been successfully refinanced and restructured such that the investors can maintain their 1031 exchange rights. Royal Montreal Plaza is located approximately 22 miles outside of Houston in Katy, TX. Houston is the most populous city in the state of Texas and the fourth in the entire U.S.
The Royal Montreal structure is approximately 29,000 square feet in size, one story, and was constructed in 2005 to house various retail establishments. Building grounds feature abundant parking that encompasses the entire building. Allegiancy is pleased with the newest tenant, the Montessori School, who recently finished their enhancements and renovations giving the space a remarkable makeover. The complex now has a much more updated and appealing appearance.
Surrounded by the Golf Club at Cinco Ranch, Oak Park Trails Subdivision, and Creekstone Subdivision, Royal Montreal serves as a retail facility to many residential homes and housing complexes within these subdivisions. Picturesque suburban towns like Katy are ideal places for retail structures like Royal Montreal.
Allegiancy CEO Steve Sadler said, “We are elated to have the opportunity to refinance this incredible asset and look forward to the future of using our hands on philosophy of management.”
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: 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can be received until the offering statement Allegiancy has filed with the SEC is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date.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 is the subject of this press release can be found at: www.allegiancyipo.com
March 07 2017