The 2003 acquisition of Tower II exceeded original underwriting from Year 1 by surpassing pro forma leasing levels, a reduction of annual Operating Expenses and equally important creating sustainable practices necessary for repeatable results with the 2006 acquisition of Tower I.

Upon stabilization of Tower II (the 2003 acquisition) in concert with the emergence of favorable market conditions, the disposition strategy was launched. During analysis, the opportunistic purchase of Tower I was identified, and with established investor and lending relationships in place, the execution of the second transaction was quickly accomplished. Allegiance capitalized on the successful packaging and sale of the portfolio and ultimately created a greater return for its investors than would have been realized with a single asset disposition.