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

Oct 12, 2009

PM REALTY GROUP HIRED TO MANAGE AND LEASE 14-BUILDING MEDICAL PORTFOLIO

Firm Adds Nearly 1 Million Square Feet to Portfolio
 
HOUSTON, TX - Officials with PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced it was awarded the management and leasing assignment for a 14-property medical portfolio spanning 977,000 square feet, effective immediately.
Awarded by Scottsdale, AZ-based Healthcare Trust of America, Inc (formerly Grubb & Ellis Healthcare REIT, Inc. ), a public non-listed real estate investment trust (REIT), the portfolio consists of medical office and long term acute care facilities across Texas, Oklahoma, Kansas, California and Missouri and includes the following properties and respective square footages:

  • 5551 Winghaven Road, O'Fallon, MO (60,824 sq ft)
  • Deaconess MOB North, Oklahoma City, OK (61,022 sq ft)
  • Deaconess MOB South, Oklahoma City, OK (125,279 sq ft)
  • MOP IV Baylor Medical Building, Waxahachie, TX (47,667 sq ft)
  • MOP IV Cedar Hill, Cedar Hill, TX (24,850 sq ft)
  • MOP IV Greenville, Greenville, TX (43,310 sq ft)
  • Cypress Station, Houston, TX (52,040 sq ft)
  • Blossom Medical, Webster, TX (109,603 sq ft)
  • St. Mary's Physicians Center, Long Beach, CA (66,179 sq ft)
  • Mountain Plains (Innova Hospital), San Antonio, TX (60,073 sq ft)
  • Triumph Hospital NW, Houston, TX (83,223 sq ft) - Long term acute care facility; acting as owners representative
  • Triumph Hospital SW, Houston, TX (67,500 sq ft) - Long term acute care facility; acting as owners representative
  • St. John's Rehabilitation Hospital, Chesterfield, MO (112,000 sq ft) - Long term acute care facility; acting as owners representative
  • Doctor's Medical, Overland Park, KS (62,795 sq ft)

According to Christopher Balish, senior vice president of asset management for Healthcare Trust, "Our strategy is to continue investing in a diversified portfolio of well-located Class A medical office buildings and healthcare-related facilities while partnering with effective management and leasing firms like PM Realty Group. This performance-driven partnership will enable us to achieve property efficiencies as well as immediate cost savings, resulting in enhanced operating income that we can pass on to our stockholders."
"Our rapidly expanding portfolio of healthcare real estate is a reflection of the emphasis that has been placed on growing our medical office services portfolio. We recognize the unique personalized attention that is required when dealing with physicians in lease negotiations or in management situations and have built a platform that can accommodate the 'uniqueness' required," says Jimmy Gunn, president of PM Realty Group's property services group. With the addition of the HTA portfolio, PM Realty Group now manages and/or leases approximately 172 million square feet of commercial real estate.
 
About Healthcare Trust of America, formerly Grubb & Ellis Healthcare REIT, Inc.

Healthcare Trust of America, Inc. is a self-managed, publicly registered, non-traded real estate investment trust. The REIT has made 45 geographically diverse acquisitions valued at approximately billion based on purchase price, which includes 138 buildings and one real estate-related asset, as of May 31, 2009. The REIT's portfolio totals approximately 5.5 million square feet, and includes 119 medical office buildings, four hospitals, 12 skilled nursing and assisted living facilities and three other office buildings located in 19 states, including: Arizona, California, Colorado, Florida, Georgia, Indiana, Illinois, Kansas, Minnesota, Missouri, New Hampshire, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, Virginia and Wisconsin.

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.