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

May 11, 2011

GEORGE LIPSCOMB JOINS PMRG AS SENIOR VICE PRESIDENT, OPERATIONS DIRECTOR

ATLANTA, GA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced that George Lipscomb has joined PMRG as Senior Vice President and Operations Director for its Eastern Division. Mr. Lipscomb will oversee all operations (management and engineering) including service delivery, training, financial reporting, quality control and staffing of management business in markets including Boston, New Jersey, New York, Washington, DC, Charlotte, Atlanta and South Florida.

Lipscomb joins PMRG from Fifth Street Management Company where, as Chief Operating Officer, he oversaw all aspects of the company's third party management operations including maintenance and accounting. His extensive background in commercial real estate, including property management, accounting/finance and maintenance engineering, spans over 30 years and includes employment with notable companies such as Carter, Hines, Cousins Properties and PM Realty Group. Mr. Lipscomb has served prominent owners and institutions including Sumitomo, TIAA-CREF, Coca Cola, GE and BellSouth (now AT&T) and Southern Company.  His broad range of experience covers portfolios exceeding 17 million square feet of class A office buildings, multi-family properties, condominiums, and corporate facilities. 

"Over his 30-year career, George has consistently led and grown businesses, redefined corporate strategy and managed large, winning organizations," said Dave Parker, Executive Vice President and Managing Director of PMRG's Eastern Division. "His unique experience will enhance the strength, depth and breadth of PMRG's operations across the Eastern Division. I am confident that under his direction, our management team will continue to lead the way in productive (and respected) operations."

Mr. Lipscomb graduated from Tulane University with a BA degree in economics and earned an MBA from the Tulane University Graduate Business School.  He is a licensed CPA in the state of Georgia.

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.