Allegiancy Releases More Rags to Riches Stories in Latest Post on Web Site

Richmond, Va. (PRWEB) December 30, 2014

Doing something often enough reveals patterns. Thats what has happened with Allegiancy, a commercial real estate asset manager, over the past 25 years as they have managed various real estate assets around the United States.

Allegiancy has found three recurring patterns: 1) properties without cash needing maintenance; 2) properties in distress from lack of attention and more than fundamental problems; and 3) properties with tenants threatening to leave and new tenants not signing on.

Allegiancy immediately recognized these patterns in three properties they took on in Atlanta; Columbia, S.C.; and Phoenix.

Property 1: Breckenridge Exchange Atlanta, Georgia

The Atlanta property was paralyzed by lack of money. The property owners and manager were desperate and skimping wherever they could. They hadnt added any new leases in two years. The property looked uncared for, and the tenants had lost all loyalty. Unpaid rent had reached tens of thousands of dollars.

Allegiancys approach: Spend a little, gain a lot.

Allegiancy met with the tenants and property manager to walk the property. They immediately saw several low-cost, high-impact improvements that could add curb appeal and signal tangible change.

Allegiancy had all the curbs painted, which instantly improved first impressions. Rather than replacing the large entry sign, they took out overgrown trees, cut back bushes covering it, and power washed it. They had all the budgeted flowers placed at the entrance of the property for maximum impact. Essentially, Allegiancy undertook a few simple projects to demonstrate leadership and visible progress to tenants.

Allegiancys Results: Happy tenants, new leasing.

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Allegiancy Releases More Rags to Riches Stories in Latest Post on Web Site