May 10 2016
Allegiancy selected as asset manager for Raleigh, Class A office building
Richmond, Va., May 10, 2016 — Allegiancy announced this week that it has been awarded the asset management contract for Shannon Oaks, a Class A office building in the Cary submarket of Raleigh, N.C.
Shannon Oaks comprises 56,571 square feet and fully leased by several credit organizations. The building’s desirable location affords it with convenient access to downtown Raleigh, RDU International Airport and the Research Triangle Park.
Allegiancy, based in Richmond, Va., is a commercial real estate asset management firm that prides itself on its active approach to asset management and application of proprietary technology and software to manage buildings.
“We are pleased to have earned the contract to be the asset management firm for Shannon Oaks and to continue building our presence in the Raleigh market,” said Allegiancy President Chris Sadler. “We really like the Raleigh market. It’s a solid secondary market with vibrant growth and a powerful economy. The area’s job market continues to make gains and we are pleased to continue our presence in Raleigh.”
The company continues its path for rapid growth with its portfolio now exceeding 4.7 million square feet in assets under management.
Allegiancy is an aggressive, forward leaning firm with an eye on rapid growth and expansion. The firm recently launched a $30 million “mini-IPO” under the new Reg A+ rules approved last year by the Securities and Exchange Commission. The capital raised will enable Allegiancy to invest further in its proprietary technology platform, acquire new contracts and grow its operations organically, including adding new employees and creating jobs to support its triple-digit growth.
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: [allegiancyipo.com]
March 07 2017