ATLANTA, GA -
PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced it was awarded the property management assignment for approximately 2 million square feet of industrial space in the firm's Atlanta region, including Amwiler-Gwinnett Industrial Park and MK Industrial Portfolio both owned by a private real estate fund advised by Crow Holdings Capital Partners, L.L.C.
The 27-building portfolio assignment win is indicative of PMRG's focus and desire to expand its footprint of industrial space across its Eastern Division and significantly advances the company's existing industrial portfolio in Atlanta.
"We are delighted to expand our relationship with Crow Holdings Capital Partners, L.L.C. and believe that PMRG can add significant value to these assets," said Bill Weghorst, Executive Vice President and Director of PMRG's Southeast Region. "Serving clients who own industrial space has been, and will continue to be, a growing focus for us." Since September, PMRG has acquired over 3 million square feet of property management and leasing assignments, 2.5 million of which is industrial product.
PMRG's Mark Mallard, Senior Property Manager, and Greg Walters, Vice President of Engineering, will manage the new assignments. About Crow Holdings Capital Partners, L.L.C.
Crow Holdings Capital Partners, L.L.C. ("CHCP") was established in late 2010 in response to new regulations and to expand the business of Crow Family Holdings, which was formed in the early 1990's to exclusively manage the assets of the Trammell Crow Family. Since 1998, CHCP and CHCP-affiliated entities have managed a series of six real estate private equity funds and have raised equity commitments of over $3.6 billion, $675 million of which was committed by Crow Family Holdings.
The real estate private equity funds seek to acquire or develop a diversified portfolio of domestic real estate both independently and with operating partners which includes warehouses, retail centers, multi-family housing, office buildings, convenience and gas stores, hotels, and lot development. The Funds' strategies include both the acquisition of existing assets and investment in new development, redevelopment and assets under development.