PM Realty Group
910 Travis, Suite 1000
Houston, Texas 77002

AT PM REALTY GROUP:
Bill Goeke
SVP/Director
Central Division
713- 209-5805

AT BSMG WORLDWIDE:
Glenn Eden
Media Contact
(312) 640-6693

Craig Bloomfield
General Information
(312) 640-6720

FOR IMMEDIATE RELEASE
May 29, 2001

THE PRAEDIUM GROUP AWARDS PM REALTY GROUP MANAGEMENT AND LEASING ASSIGNMENTS TOTALING 769,805 SQUARE FEET

Greater Houston Management and Leasing Portfolio
Tops 30 Million Square Feet

Houston - PM Realty Group today announced it has been awarded the exclusive property management and leasing assignment for 769,805 square feet of space. Owned and controlled by The Praedium Group, L.P, this portfolio consists of nine properties located within the greater Houston area.

The Praedium Group has awarded PM Realty Group this assignment based on the firm’s understanding and commitment to the greater Houston market, ability to provide exceptional service and a track record of achieving superior results at its clients’ properties.

“We are honored to be selected by The Praedium Group to oversee management and leasing for this nine-building portfolio,” said Bill Goeke, senior vice president and director of PM Realty Group’s Central Division. “Our top priority for this assignment is to strategically position these properties in the greater Houston market, enhance their value, and assist the owner in exceeding exit strategy goals.”

Under Goeke’s supervision, Mike Nelson, vice president of operations, and Rhonda Huff, assistant vice president of operations, will oversee the transition of property management services for the Praedium portfolio. Mike Hackett, vice president and director of leasing, and Mike Adams, leasing manager, will oversee leasing of the portfolio.

The property management and leasing assignment includes:
• 2500 West Loop South 79,095 SF
• 12000 Richmond 72,975 SF
• 7660 Woodway 109,818 SF
• 17171 Park Row 81,579 SF
• 2909 Hillcroft 87,695 SF
• Brooktree – 2150/W, 18th Street 90,934 SF
• Southwest Plaza – 4669 Southwest Freeway 84,506 SF
• Regency Place – 7207 Regency Square Blvd 51,522 SF
• Parc Centre I – 9950 Westpark 111,681 SF

About PM Realty Group

PM Realty Group is a privately-held real estate service organization with more than 1,300 employees and 20 divisional and regional offices. Based in Houston, Texas, the company traces its roots back to 1954. PM Realty Group today conducts business in nearly every state, providing comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

PM Realty Group offers clients the full spectrum of real estate services, including property and facility management, leasing and marketing, corporate services, investment services, construction management, asset management and development, engineering services, portfolio administration, disposition and acquisition, consulting and due diligence and healthcare services.

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