PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Kristen Burney
PMRG | PM Realty Group
(713) 209-5910
kburney@pmrg.com

FOR IMMEDIATE RELEASE

Jan 24, 2006

PM REALTY GROUP TO MANAGE NEW BUILDING FOR WOODLANDS DEVELOPMENT COMPANY

HOUSTON - The Woodlands Development Company has awarded Houston-based PM Realty Group (PMRG) the property management assignment for the newly-constructed 21 Waterway building. Located at 21 Waterway Avenue in The Woodlands, the 104,372-square-foot office building is the newest addition to the portfolio of buildings PMRG manages for the Woodlands Development Company, which includes all of the company's 18 Houston-area properties.

About PM Realty Group

Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.

PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.

Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com.