Richmond, Va. (PRWEB) February 09, 2015
Commercial real estate asset manager Allegiancy announced today it has hired David Starowicz as its new chief operating officer. Starowicz brings more than three decades of experience in all aspects of commercial real estate asset management. His focus is on maximizing the current income and long-term value of assets.
Most recently, Starowicz was managing director for Harbor Group International in Norfolk, managing part of its $3.6 billion portfolio of commercial assets, mainly central business district office towers throughout the Eastern United States.
Previously, he was an executive vice president at Basic Capital Management in Dallas, where he advised three publicly traded real estate companies with combined commercial real estate assets of more than $1.6 billion
Starowicz holds a law degree from Texas Wesleyan University, a master’s of business in corporate finance from the University of Dallas, and two bachelor’s degrees, in environmental studies and landscape architecture, from State University of New York.
At Allegiancy, Starowicz will oversee asset management, all leasing activities, investor relations, and general administration of the asset management business.
Allegiancy President Chris Sadler said: “We are enthusiastic to have David on our team. He brings a wealth of experience in commercial real estate from more than 30 years in the field, along with valuable knowledge of geographic markets ranging from Massachusetts to California.”
Sadler added, “David has a go-getter attitude with the results to show for it. He fits extremely well with the principles and values of Allegiancy, as an owner-centered asset manager. With his background in law and proven success in lease negotiations, we know David’s experience will be valuable as we continue to grow our team and perfect our processes to better serve our commercial property owners.”
David Starowicz said, “I’m very pleased to join Allegiancy. They’re poised for tremendous growth, and I’m excited to be part of the next chapter.”
“I’m particularly impressed with Allegiancy’s commitment to delivering high-value client service, as well as their investment in employees and technology,” said Starowicz. “I’m looking forward to this new role and the opportunity to help Allegiancy execute on its strategy.”
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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. The company has more than $300 million in assets under management (AUM) and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate.
More information about Allegiancy may be found at http://www.allegiancy.us.
To schedule an interview with Allegiancy’s leadership, contact Audrey Bevel at [email protected] or 866.842.7545 ext. 204.
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 http://www.sec.gov.