Onyx Equities Opens Atlanta Office
Two Senior Property Management Professionals Join Onyx’s Team
in Key Southeastern U.S. Market
Atlanta, GA, (May 7, 2015) – On the heels of Onyx Equities, LLC’s recent announcement that it has opened regional management offices in Crofton, Maryland and Charlotte, North Carolina, the company today announced the opening of an office in Atlanta, Georgia. This move reflects Onyx’s success in rapidly expanding its management portfolio of REO-assigned and receivership properties.
By the end of 2015, the company projects that it will have extensive asset management operations up and running in 15 states. Leading the Atlanta office will be Bert Locke Jr., who boasts some 30 years of experience in commercial real estate operations. During this time, Locke has managed more than 13 million square feet of class-A property occupied by an array of Fortune 500 companies. Most recently, as a senior real estate manager for CBRE’s Atlanta office, Locke oversaw a 14-building, three-property portfolio of office and industrial assets. Prior to that as property director for Manulife Financial, he managed more than 3.5 million square feet throughout the metro Atlanta and Orlando areas.
“Bert is among the very best property management leaders in the Southeast, and we look forward to him playing an integral role in our success, which rests upon our ability to manage properties seamlessly, respond to our tenants’ needs and partner with our clients while exceeding their expectations,” said Jonathan Schultz, managing principal and co-founder of Onyx Equities.
Locke will be working closely with Dyron Dinsmore, a senior property manager who recently joined the Onyx team from Parkway Properties, where he directed overall management of the 1.3 million-square-foot Bank of America Plaza. At Onyx, he will continue to oversee operations at the Bank of America plaza, which is now under Onyx management. Dinsmore brings more than 30 years of real estate management experience to the role. Over the course of his career, he has managed more than 6 million square feet of office and mixed-use assets. Prior to his time at Parkway Properties, Dinsmore owned and managed his own commercial real estate leasing and management company. He has also held senior property management positions at JLL and Cousins Property, Ltd.
“Bank of America Plaza is an important asset in our management portfolio,” Schultz said. “Dyron provides on-site continuity as tenants know him well and hold him in very high esteem. We are delighted that a professional with his talent and experience has joined our team”
A principal reason driving the growth of Onyx’s REO/Receivership business is the company’s commitment to what Schultz calls the “Three Ts” of 21st-century commercial real estate success: talent, technology and team. Onyx’s approach centers on deploying the right talent to the right teams and empowering those teams through technological innovation. This includes the pioneering use of numerous best-of-breed business software applications from which the company has masterminded a seamlessly integrated property management platform.
The Onyx platform allows on-site and regional management teams to streamline every aspect of their operations and communications. Functionalities include a customizable dashboard, management of receivables and payables, cash flow forecasting, tracking of leasing activities, scheduling of maintenance activities, enhanced data analysis and responding to tenant needs.
“All of our recent hires in property management represent our commitment to a collaborative, technologically-driven approach,” Schultz said. “They will be helping to lead the way in the deployment of technology throughout every aspect of our asset operations and optimizing our talent to deliver stellar results.”
About Onyx Equities, LLC
Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC is a leading private real estate investment, management and development firm. Since its founding in 2004, Onyx has acquired more than $1.5 billion worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut. Since 2008, the firm has owned, managed or served as the appointed Receiver for more than 35 million square feet of office, retail, industrial, and self-storage properties. The company’s rapidly growing Receivership and REO portfolio has recently expanded into 22 states along the east coast. For more information on Onyx Equities, contact the firm at732-362-8800, or visit www.onyxequities.com.