PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Sommer Bukowski
PMRG | PM Realty Group
713.209.5810 (office)
214.621.3317 (cell)
sbukowski@pmrg.com

FOR IMMEDIATE RELEASE

Feb 15, 2006

PM REALTY GROUP ASSIGNED TO MANAGE 950,000 SQUARE FEET OF RETAIL PROPERTIES IN BAY AREA HOUSTON

HOUSTON - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has won the property management assignment for more than 950,000 square feet of class A retail properties in Bay Area Houston. The assignment went into effect on Feb. 1.

CDC Houston, Inc. awarded PMRG the assignment, which consists of four retail centers, plus assorted retail pad buildings, located at the crossroads of Interstate 45 South and Bay Area Boulevard on the southeast, southwest and northeast sides of the freeway. Currently, a total of 52 tenants are housed within these retail complexes.

Robert Taylor, vice president of CDC-Houston, Inc., said the company selected PMRG for the assignment based on its broad range of services encompassing all aspects of property management.

“We were able to get all of our needs met through one company,” Taylor said. “Their approach and structure has been a great help to us as we move forward through this important evolution of the Baybrook properties.”

“We are extremely excited to have the opportunity to work on such a visible and successful retail portfolio with a strong and stable ownership group, especially one with the vision to see this premier real estate develop into a true lifestyle destination,” said PM Realty Group's Doug Little, executive vice president and managing director of PMRG's Houston division. “As a resident in the Bay Area community, I am thrilled to be involved in the success of this retail center on both a personal and professional level.”

About PM Realty Group

Headquartered in Houston, PM Realty Group (PMRG) is a privately held real estate firm of more than 1,300 employees and 21 divisional and regional offices that conducts business in every major state.

With more than 50 years of experience, PMRG provides services to a portfolio valued in excess of $30 billion. The firm’s diversified client base includes institutional and private investors, real estate investment trusts, government agencies, corporations and healthcare service providers.

PMRG focuses on creating value for its clients and offers a full spectrum of real estate services, including property and facility management, leasing, marketing, investment sales, construction management and engineering. In addition, PMRG partners with clients in comprehensive development and joint venture investment programs.