Allegiancy Hires Elizabeth Burns Allison as New Asset Manager

Allegiancy, a commercial real estate asset management firm, hired Elizabeth Burns Allison to serve as a new asset manager. She joins another recently hired asset manager, Steve Celuck, bringing Allegiancy’s team to 21 employees.

The firm is currently launching its $30 million “IPO Lite” capital raise under the newly approved Reg A+ rules adopted in 2015 by the SEC as part of the JOBS Act.

Allison has more than seven years of experience in managing property in the metro Washington D.C. area. She managed approximately 600,000 square feet of office space and is experienced in financial analysis and reporting, project management, sustainable building principles, customer service, risk assessment and lease administration.

As an asset manager, she will help direct the firm’s strategic business plan, drive tactical execution and oversee all operational aspects of an assigned portfolio of properties.

“Elizabeth rapidly advanced with her previous employer, indicative of her drive, ability and emphasis on professional excellence,” said David Starowicz, chief operating officer at Allegiancy. “We anticipate Elizabeth will augment the Allegiancy team and help drive our continued growth while our investors benefit.”

Allison earned a bachelor’s degree in economics from the University of Mary Washington in Fredericksburg, Virginia. She also has expertise in green building and carries a LEED AP O+M credential.

As reported by The DI Wire last month, Allegiancy was awarded the Accredited Management Organization designation by the Institute of Real Estate Management.

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.