Gemini Investments and Rosemont Realty Form Joint Venture

New company to launch aggressive three-year, $3 billion plus acquisition strategy

Aug 24, 2015, 09:12 ET from Rosemont Realty, LLC

SANTA FE, N.M., Aug. 24, 2015 /PRNewswire/ -- Gemini Investments (Holdings) Limited, a Hong Kong listed company and U.S.-based Rosemont Realty, announce the formation of a joint venture, Gemini-Rosemont Realty LLC, to acquire and manage Class A institutional-quality commercial office properties in U.S. markets.

"Gemini Investments' financial strength coupled with Rosemont's existing platform, management team and superior track record creates a powerful partnership," said Michael Mahony, chief executive officer of Gemini Rosemont. "We see great opportunities to continue acquiring high-quality real estate in the U.S. market while also harvesting value for our investors, both existing and new. The possibilities for this venture are tremendous."

Gemini Rosemont will launch a multi-year acquisition program utilizing the joint venture's access to capital in the U.S. and throughout the world. The company's investment strategy will build on Rosemont's success targeting Class A properties in gateway, primary, and select secondary U.S. markets. 

In addition, a substantial portion of Rosemont's existing portfolio, comprised of 135 buildings representing approximately 15.9 million square feet of commercial real estate in 22 U.S. states will be transferred to Gemini Rosemont. The existing Rosemont team will remain in place to run the operations of the joint venture.

"Rosemont, with its comprehensive real estate platform and superior performance history, was precisely the investment opportunity Gemini Investments was looking for in order to invest in the U.S. real estate market," said Li Ming, chairman of Sino-Ocean Land Holdings Limited and Gemini Investments. "We look forward to a strong and successful partnership." 

The other major partners in the Gemini Rosemont venture are Dan Burrell, chairman and chief executive officer The Burrell Group, LLC, and former CEO of Rosemont; existing Rosemont senior management; and Neutron Property Fund Limited, a fund specializing in real estate investment.

"Sino-Ocean Land and Gemini Investments together represent one of Asia Pacific's leading commercial real estate platforms," said Burrell. "This is an exceptional opportunity for Rosemont to aggressively push forward its strategic plan and I look forward to working closely with the company to make this a reality."

About Gemini Investments

Gemini Investments is a Hong Kong-based corporation whose shares are listed on the main board of The Stock Exchange of Hong Kong Limited (00174.HK) and is an investment arm of Sino-Ocean Land, also listed on the Hong Kong Stock Exchange (3377.HK) which is one of the largest real estate companies in the People's Republic of China (PRC) with an equity market cap of over $4.3 billion. Sino-Ocean Land has acquired and developed millions of square feet of commercial property in China and plans to utilize Gemini Investments as a vehicle for direct investment in the U.S. as well as other parts of the world. 

About Gemini-Rosemont Realty LLC

Headquartered in Santa Fe, New Mexico, Gemini-Rosemont Realty LLC, is a market leader in commercial real estate acquisition and asset management. The company's portfolio consists of approximately 15.9 million square feet in 135 buildings in 22 states across the U.S.

Since October 2010, Gemini Rosemont has acquired more than 6.8 million square feet of Class A and B multi-building office assets in select secondary markets valued at more than $950 million. As of December 2014, Gemini Rosemont has sponsored 165 investment vehicles, deployed over $805 million of investor equity to make over $2.5 billion in purchases, and acquired/managed approximately 30 million square feet of commercial real estate.

Founded in 1991, Gemini Rosemont employs more than 200 professionals and has nine regional offices located in Albuquerque, Atlanta, Dallas, Denver, Houston, New York, Peoria, San Antonio and Tulsa. For information, please visit GeminiRosemont.com.

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SOURCE Rosemont Realty, LLC



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