Onyx Equities Opens Management Office in Atlanta

Onyx Equities L.L.C. is in expansion mode.
Jon Schultz Onyx Equities

Jonathan Schultz, Onyx Equities

Onyx Equities L.L.C. is in expansion mode as it continues to increase its management portfolio of REO-assigned and receivership properties, and the opening of a new office in Atlanta is the company’s latest move in its growth campaign.

“In order to maintain excellent client relationships, we need to have a presence in the markets where we operate assets. Our clients want us to support their needs and growth and we are fortunate to have properties in a great city like Atlanta,” Jonathan Schultz, managing principal and co-founder of Onyx, told Commercial Property Executive.

The real estate, investment and management firm has tapped two industry veterans to spearhead the Atlanta office. Bert Locke Jr. joins Onyx from CBRE, bringing with him three decades of experience in commercial real estate operations. He’ll lead the Atlanta office as regional property manager. Locke won’t be alone; there’s another industry expert who will guide Onyx in Atlanta.

Senior property manager Dyron Dinsmore, who recently departed Parkway Properties to join Onyx, will work with Locke and, perhaps of greatest note, will continue to manage operations at the 1.3 million-square-foot Bank of America Plaza. Dinsmore, who comes to the table with a 30-year history in real estate management, had overseen the office high-rise at Parkway before the property came under Onyx’s domain.

The debut of Onyx’s REO-assigned and receivership properties management business in Atlanta follows the opening of two other regional management offices. In February, the company opened a location in Crofton, Md., in the Washington-Baltimore area, and another in Charlotte, N.C. Together, those offices manage roughly 30 assets in Maryland, Virginia, North Carolina and South Carolina.

Onyx’s expansion plan is in full swing. “Our growth is completely focused on our successful relationships with clients,” Schultz added. “Over the years we have been very methodical and strategically aligned with their needs.” Up next: Tennessee. Onyx expects to have extensive asset management operations in 15 states by the close of 2015.