PHOENIX-Industry veterans Vicki Allison, Pam Shelton and TomShelton have launched Allison-Shelton Real Estate Services, athird-party leasing and management firm focused on multifamily realestate.

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Pam and Tom Shelton joined Allison’s existing firm, Allison RealEstate Services, as partners and established the new company.Allison Real Estate Services was previously Bernard/AllisonManagement Services Inc., a firm that managed as many as 20,000units in seven states. Allison brought her existing propertymanagement clients to the new company – 9,500 units that arelocated in Arizona, Texas and New Mexico.

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“While the company is new, it’s anything but a start-up in termsof our people and their longevity and experience in the business,”says Tom Shelton, a partner with the new firm, adding that thatAllison-Shelton Real Estate Services is focused on building itsbusiness within the southwestern and western United States.

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Allison-Shelton Real Estate Services handles both conventionaland affordable apartments, as well as homeowner’s associations,condominium conversions and reversions and individual condominiumunit sales and management for absentee investors. In addition, itoffers services related to renovation and rehab, due diligence,acquisition underwriting, receivership, asset management andcomplete financial reporting and accounting.

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Most recently, Tom Shelton served as president of WesternNational Property Management in Irvine, CA, a division of WesternNational Group, where he supervised a portfolio of 24,000 unitslocated in three western states.

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Prior to his move to California, Tom Shelton had a 27-yearcareer in Phoenix and served as regional partner for Greystar RealEstate Partners with responsibility for five regional offices(Phoenix, Denver, Las Vegas, Los Angeles, and Albuquerque), 28,000units and over 900 associates.

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Pam Shelton has held a number of positions in the real estateindustry. She arrived in Phoenix in 1984, serving as vice presidentof operations for Hall Financial Group, where she supervised 26properties until she left to become the publisher of For RentMagazine in 1992. In 1998 she was recruited by The Arizona Republicto head their rental advertising team where she increased herteam’s annual revenues from $2 million to $12 million.

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Allison has been active in the apartment business since 1979.She joined Phoenix-based management and development firmBernard/Finney as financial vice president in 1986. Shebecame an owner of the firm upon its name change to Bernard/AllisonManagement Services Inc. in 1999.

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“When Kim Bernard decided to retire at the end of last year,Vicki was at a point of deciding the direction of her company – howto expand and grow the business,” Tom Shelton tells GlobeSt. “Thatconversation led to us partnering for the new company.”

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Currently, Allison-Shelton Real Estate Services has more than200 total employees including 25 at the corporate office inPhoenix. The firm has six district managers, all of which have morethan 15 years of industry experience.

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Tom Shelton says the three partners have decided to splitresponsibilities. He will focus on business development and clientrelationships. Allison will handle all the back office dutiesincluding financial reporting, IT and operations. Pam Shelton willhandle marketing, advertising, public relations for the company andmanaged properties.

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