June 03 2015
Allegiancy Takes Quantum Leap Forward With Investment In TriStone Realty Management
Clients and both companies to benefit from new synergies.
RICHMOND, VA. – Allegiancy and TriStone Realty Management, two commercial real estate asset managers, have completed a multimillion dollar transaction that accelerates Allegiancy’s growth, and gives TriStone and its clients access to additional sophisticated technology and analytical infrastructure.
While the specific details of the investment remain private, both firms expect to see rapid growth and increased profitability as a result of the collaboration.
Value for TriStone
TriStone CEO Randy McQuay said: “The decision to join with Allegiancy as an affiliate brings TriStone and our clients an industry-leading technology platform, specialized analytical tools, and an expanded team of top-flight professionals. The infusion of capital, expertise, and operating platforms relieves us of administrative burdens, and frees us to focus on delivering high-value services to our institutional clients.”
McQuay said: “We at TriStone are enthusiastic that we will now have a ‘deeper bench’ of asset managers and other experts bringing value to our clients. As we scale up, that increased strength will allow us to deliver our clients more products and services more seamlessly.”
Value for Allegiancy
For Allegiancy, TriStone brings a sizable portfolio of quality assets under management and a talented, experienced team — both doubling Allegiancy’s portfolio for the second time in 14 months and demonstrating the success of its growth strategy.
Allegiancy CEO Steve Sadler said: “Making this investment in TriStone and bringing the company on as an affiliate validates an important part of Allegiancy’s growth strategy. In 2014, we doubled our portfolio of assets under management through organic growth. With this transaction, we have grown by 400 percent in just over a year.
More growth ahead for Allegiancy
Allegiancy initially capitalized using SEC Regulation A, and now plans to be a leader in the use of the exemption in its broader capital strategy.
Sadler continued, “We look forward to working alongside TriStone as an affiliate of Allegiancy – they have a strong record of helping clients achieve excellent results from real estate investments and we expect to see dramatic growth as a result of this investment.”
About TriStone Realty Management
Based in Houston, TriStone Realty Management is a full-service real estate investment and asset management company founded in 1997. TriStone specializes in acquisition, structuring, and asset management services for investors seeking opportunities to invest in institutional quality real estate.
More information about TriStone may be found at http://tristonerealty.us.
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? 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 and more than 100 years of experience, Allegiancy manages properties that have outperformed their peers by 45 percent since 2006. Since 2014, the company has more than doubled its assets under management (AUM), delivering clients attractive returns and profitable, hassle-free investments in commercial real estate.
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.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Allegiancy, LLC’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the offering circular dated January 14, 2014 and filed by the Company with the U.S. Securities and Exchange Commission on January 15, 2014. The offering circular, and any supplements or updates thereto, is available on the EDGAR system located on www.sec.gov.
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