July 30 2015
Allegiancy more than doubles size of its corporate headquarters in Richmond
RICHMOND, VA. – Allegiancy, a commercial real estate asset manager, doubled its corporate footprint when it recently moved down the street to its new headquarters at 1100 Boulders Parkway, Suite 605, in Richmond.
The move is strategic and in keeping with the company’s overall growth plan. The new location offers Allegiancy the opportunity to more than double its number of employees over the next two years.
The company has grown its assets under management (AUM) by more than 400 percent over the last year. This has been accomplished through organic growth and through the acquisition of other asset management companies. Allegiancy plans to grow AUM by an additional 400 percent over the next two years.
Allegiancy’s Chief Operating Officer David Starowicz explained: “With the anticipation of even greater corporate growth, we wanted to move into a space that could accommodate us and our growth plans. We have room in the new headquarters to more than double our staff. Our plan is to stay at this location for the next two years, after which we will need to expand again.”
Allegiancy President Chris Sadler said: “Our new headquarters really speaks to the values Allegiancy wants to convey to our clients and investors alike. We are a serious, hardworking firm. We go all-out for clients, but we do not take ourselves too seriously. Our new space offers a game room, breakout rooms and a state-of-the-art conference room. These amenities will help us work hard, play hard, and be more efficient.”
Allegiancy is changing the business of asset management for commercial real estate owners and investors. With a technology-enabled operating platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor to a poorly understood business. Combining its proactive Value Assurance? operational rigor with an intense focus on cash flow and profitability, Allegiancy is building on a track record of more than four decades of success.
Headquartered in Richmond, Va., and led by a team of seasoned professionals, Allegiancy’s management systems have allowed their properties to outperform their real estate investment trust (REIT) peers by 45 percent since 2006. Allegiancy is well-known for delivering attractive returns and profitable, hassle-free investments in commercial real estate.
Since 2014, the company has expanded its assets under management by 400 percent with a combination of organic growth and corporate acquisitions. Allegiancy plans to accelerate this growth by acquiring more companies, securing additional asset management contracts, hiring more employees, and continuing to improve its proprietary technology for the benefit of property owners.
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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