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

AT PM REALTY GROUP:
Jimmy Gunn
Executive Vice President
713-209-5800

AT WEBER SHANDWICK:
Laurel Krome
Media Contact
312-988-2044

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
Oct 30, 2003

PM REALTY GROUP NAMED PROPERTY MANAGER OF THE WOODLANDS 3.36 MSF OFFICE AND RETAIL PORTFOLIO

HOUSTON – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced its selection by The Woodlands Operating Company as exclusive property management firm for a portfolio of 45 office and retail buildings totaling 3.36 million square feet at The Woodlands, a 27,000-acre community located 27 miles north of downtown Houston.

The Woodlands, a nationally recognized master-planned community, is home to nearly 1,000 office, research, industrial, service, institutional and retail businesses as well as single-family residences belonging to many of Houston’s top executives.

“The Woodlands is widely recognized as one of the premier commercial and residential communities in the nation, and PM Realty Group is fully dedicated to upholding and enhancing the standards of quality and tenant service,” said Rick Kirk, President and CEO of PM Realty Group. “Our selection for this assignment further validates PM Realty Group as one of the nation’s top providers of fully integrated, high quality real estate services.”

“The Woodlands is one of the largest and most prestigious portfolios to be assigned to third-party property services providers in Houston in many years,” said Jimmy Gunn, Executive Vice President of PM Realty Group. “As Houston’s largest property management firm as well as the largest leasing firm on behalf of owners, PM Realty Group is honored to have been selected for this assignment.”

In taking on the property management assignment for The Woodlands, PM Realty Group also will employ 34 former on-site employees of Woodlands Operating Company.

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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