RICHMOND, Va. — Preparing for an expected doubling of is employees over the next two years, Allegiancy doubled its corporate footprint with a move into new headquarters.The strategic move is in keeping with the Allegiancy’s overall growth plan over the next two years — including an anticipated $30 million crowdfunding offering leveraging new Reg A rules — but also highlights aspects of its company culture: It includes a room where employees can unwind or recharge playing video games.
Allegiancy has grown its assets under management (AUM) by more than 400 percent over the last year through organic growth and the acquisition of other asset management companies. Allegiancy plans to increase its 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.”
The new Allegiancy headquarters is located at 1100 Boulders Parkway, Suite 605.
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 experienced 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.