Press

PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

Mar 1, 2007

PM REALTY GROUP/AMERICUS SECURE DEAL TO CLOSE INVESTMENT FUND

HOUSTON, TX - Executives with PM Realty Group (PMRG), a national, full-service commercial real estate firm, and Americus Real Estate Investments, partners in Americus Fund II, today announced the fund's purchase of an 89,641-square-foot building in Abilene, Texas to close out the fund. Americus Fund II is a real estate investment fund targeting government-leased office buildings for acquisition.
 
The building, which is located at 4601 South First Street, was renovated in 2002 to meet the State of Texas' occupancy standards. It sits on 8.375 acres and is primarily occupied by the Texas Department of Health and Human Services, and the Texas Department of Public Safety. The previous owner was Abilene Interests LP. 

"John Dailey led the PM Realty Group team in reviewing dozens of properties to find acquisitions that met the fund's criteria," said Rick Kirk, president and chief executive officer of PMRG. "Our national network opened a number of doors of opportunity, and we were able to close the fund within a year." 

The investment criteria of Americus Fund II were to acquire Class A, B and C commercial office or industrial properties that were at least 50 percent leased to state, county or city government entities and located in the continental United States, including secondary and tertiary markets. The target property value was million to million and the investment-hold period is anticipated to be five to seven years. 
 
About Americus Real Estate Investments 

Americus Real Estate Investments is a privately held investment company that invests in commercial real estate across the U.S. Americus has15 years of experience partnering with institutions to help them achieve their real estate investment objectives, and more than 27 years of experience working with governmental entities and government real estate. For more information, visit www.americusinv.com. 

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.