Onyx Equities, LLC announced it has grown its management portfolio by 40 percent in the past year.
This includes the transitioning of more than 60 REO/receivership assignments as well as the acquisition of more than 1 million square feet of properties and loans in New York and New Jersey alone.
Among the largest of the 25 properties that came under Onyx management during the second half of the year are a 348,442 s/f three-building, class A office campus in Greenville, South Carolina; a 184,000 s/f class B office building in Charlotte, North Carolina and; a 148,000 s/f 12-story, class A office building in Columbia, South Carolina.
Triggered by this rapid growth in both its portfolio of owned properties and its REO/receivership platform, Onyx hired more than 50 new team members in 2014/2015.
These additions enabled the company to expand its roster of holdings and management assignments into six new states, including Delaware, Maryland, Virginia, North Carolina, South Carolina and Georgia.
The company also announced that, to meet the needs of its growing portfolio in the Mid-Atlantic and Southeast regions, it has opened four regional offices, including Crofton, Maryland; Charlotte, North Carolina; Atlanta Georgia and Memphis, Tennessee.
on Schultz, co-founder and managing principal, Onyx Equities, said, “Our focus is on hiring the most talented people we can, forming effective and responsive teams and using a cutting-edge technology platform to execute at a peak level to ensure that our clients’ assets deliver maximum value.”