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Allegiancy Awarded IREM’s Accredited Management Organization Designation

Allegiancy, a commercial real estate asset management firm based in Richmond, Virginia, was awarded the Accredited Management Organization designation by the Institute of Real Estate Management. According to IREM, the AMO accreditation is the only recognition of excellence given to real estate management firms.

According to IREM, only about 550 real estate management companies nationwide have earned the AMO designation. IREM is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate and promoting superior management through education and information sharing.

“Allegiancy’s entire team has been leading the industry in client focused, ethical service and integrity in all that we do,” said chief executive officer Steve Sadler. “Receiving the AMO is a timely acknowledgement and recognition by IREM of the service exhibited daily by the Allegiancy team.”

As previously reported by The DI Wire, the company recently filed a $30 million capital raise under the new Reg A+ rules, also known as “IPO Lite.”

Last week, Allegiancy hired Steve Celuck to serve as the company’s new asset manager.

Allegiancy currently serves institutional and high net worth property investors. It oversees nearly 5 million square feet of assets under management and a nationwide portfolio of more than 30 properties valued at $800 million.