Veteran Real Estate Executives Join Forces, Launch Pavonis Group
New Global Venture to introduce high-tech real estate solutions and services to drive efficiencies and liquidity
HOUSTON, Sept. 26, 2013 /PRNewswire-iReach/ -- Commercial Real Estate technology veteran Mark Kingston, former CEO of Argus Software, announced today the formation of The Pavonis Group, to be headquartered in Houston, Texas with partners situated worldwide. The company will provide 360-degree technology, information services, strategic advisory services and investment capital for real estate companies growing and managing portfolios around the world.
"Our vision," said Kingston, "is to create a comprehensive offering of integrated technology, data and services to materially increase the liquidity of the global real estate industry."
"We have assembled an elite group of uniquely qualified industry leaders to execute our strategy," Kingston said. "As CEO's, leaders and experts, each of the team members brings a specific set of talents and capabilities that will allow us to build a formidable global organization. We intend to leverage our capital, experience and relationships to assemble, integrate and align a portfolio of companies to deliver an economical solution that better connects the industry and helps firms improve their performance."
Pavonis' operational, founding partners include Demetrios Louziotis, Soh Har Pang and Patrick Ng, all former executives with Argus; Jeffrey Finn, former CEO of NAI Global; Ken Harrison, former CEO of Colliers International Valuation and Advisory Services; Jeff Fisher, Professor Emeritus of Real Estate at University of Indiana; Theodore Stratis, former CIO from ING Real Estate; Colin Duthie who held leadership positions at Credit Suisse and UBS; and real estate legal expert, Glenn Petillo. The global presence of Pavonis is further enhanced by Investment Partners Felix B. Maduro, Vice-President of Agencias Feduro, a leading distribution company of personal care and food products in the Republic of Panama and Yuichiro Kawaguchi, Professor of Real Estate Finance at Waseda University in Japan.
"Beyond creating a great service, we want to use our own resources to affect change outside of real estate in different parts of the world. All of our partners have agreed to allocate an equal ownership interest from Pavonis Group toward 100 Squared, a nonprofit organization which serves to improve the lives of orphans across the globe," Kingston said.
According to Jeff Fisher, Pavonis partner and member of the National Council of Real Estate Investment Fiduciaries (NCREIF) and Chairman of the Homer Hoyt Institute, "The real estate industry remains highly fragmented with hundreds of disparate tools being used to implement a wide array of processes. We are focusing on harmonizing data to allow it flow easily across our platform."
Commenting on their approach, Pavonis Partner Jeff Finn explained, "Our holistic approach allows information to flow seamlessly among market participants providing more timely access to better information."
The group is currently engaged to perform its first consulting project and will soon announce its first joint venture to commercialize existing technologies within the real estate industry.
About Pavonis (www.pavonisgroup.com)
The Pavonis Group was created by leaders from the top echelons of success, who are committed to creating and integrating disparate technology and data into one platform, bringing efficiency to the commercial real estate industry.
Pavonis brings best practices in data collection, consulting and technological solutions into one company. The Pavonis platform delivers a comprehensive offering of integrated technology, data and services that increase the efficiency and transparency of the global real estate industry.
For more information contact:
Jeffrey M. Finn, Partner
Media Contact: Jeffrey Finn, Pavonis Group, 1-646-389-0950, Jfinn@pavonisgroup.com
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