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October 20 2016

ALLEGIANCY STIKES A SALE IN TULSA, OK FOR $11.85 MILLION

ALLEGIANCY STIKES A SALE  IN TULSA, OK FOR $11.85 MILLION

Richmond, Va., October 20, 2016 Allegiancy is pleased to announce PEM One Summit, LLC’s purchase closed for the Bank of Oklahoma. BOK Place at Southern Hills, a 126,656-square-foot Class A office building, in Tulsa, OK sold for $11.85 million.

Bank of Oklahoma Place resides in the South Central submarket of Tulsa, OK near the Southern Hills Country Club, located at 5727 S. Lewis Ave. Tulsa has beautiful art deco architecture, the flourishing oil industry, and is the second largest city in the state of Oklahoma. The sizeable eight-story building was at 89% occupancy at closing. Amenities of this structure include high-speed fiber, on-site banking with drive-through lanes and an on-site deli. Well-recognized tenants include Bank of Oklahoma and Home Depot. PEM Summit has a bright future ahead with this property’s tenants and future investors.

Steve Sadler CEO of Allegiance, states “Though parts of the country have suffered a slow down with commercial real estate it appears that there is still a demand for well located Class A Office buildings in Tulsa.”

 

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: 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can be received until the offering statement Allegiancy has filed with the SEC is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date.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