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February 23 2017

CALDWELL BUILDING HAS BEEN SOLD ON BEHALF OF OWNERSHIP IN GREENSBORO, NC

CALDWELL BUILDING HAS BEEN SOLD ON BEHALF OF OWNERSHIP IN GREENSBORO, NC

Richmond, Va., February 23rd, 2017— Allegiancy is proud to announce the sale on behalf of ownership of the Caldwell Building, 7900 McCloud Rd, a Class A Office building in Greensboro, North Carolina. Allegiancy executed a contract with Anomaly Squared, who purchased the property for $3.36 million with intentions to add ‘hundreds’ of new jobs to the area. Anomaly Squared has plans to renovate the Caldwell building for roughly $2 million with the intention of transforming the facility into a “corporate campus” that provides modern amenities such as an outdoor basketball court, a gym, a cafeteria and classrooms for its internal university.

Built in 1994 and then renovated in 2004 giving this 60,000SF building a contemporary look with modernized qualities. Some examples of recent updates to the building are the quality build out, custom wood finishes, modern fixtures, an on site fitness facility, and well kept landscaping surrounding the building.

The Caldwell office building is opportunely located 3 miles from the Piedmont Triad International Airport in Guilford County. The town of Greensboro offers a buoyant economy that currently thrives on health care, higher education, nanotechnology, transportation, and logistics.

“We at Allegiancy feel that Anomaly Squared has made the perfect purchase at the most opportune time. We are elated to have been the asset management for this fantastic property and are confident that it has a bright future for incoming investors.”

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