HOUSTON, Texas, Sept. 16, 2014 – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it has brought property management services in-house for the multi-family division. The firm has hired 30-year industry veteran Joan Maxwell as Senior Vice President who will work with PMRG Executive Vice President Bryant Nail to expand the business in key markets through the United States.
PMRG will oversee management of the firm's current multi-family developments including 1400 Hi Line, a 23-story, 314 unit luxury high rise building in Dallas' Design District, 2929 Weslayan, a 40-story luxury high rise community with 254 units in Houston, and a 34-story luxury high rise with 288 units in Denver that breaks ground in the fourth quarter.
“The decision for us to bring property management services in-house was a natural progression," said Nail. "This move allows us to better align the interests of our management team with that of our partners and bring our expertise to a broader audience. We see multi-family management as a major component in allowing us to continually increase the level of service we offer our partners and clients.”
Nail went on to say that "PMRG is currently operates in 20 markets and manages and leases more than 130 million square feet of office, industrial, R&D, manufacturing, retail and special-use space. We will work to expand our multi-family portfolio in these markets over the next several years."
“The firm’s multi-family management division is initially projected to grow within the Texas and Denver markets, not only by projects currently in our pipeline, but by managing for third party clients as well,” said Maxwell.
Prior to joining PMRG, Maxwell served as President and Chief Operating Officer at Omnium Management Company for ten years. Prior to that, she worked as Regional Vice President for Pace Realty Corporation. Maxwell is a member of the Urban Land Institute (ULI), the Real Estate Financial Executives Association, and is a licensed broker with the Texas Real Estate Commission.