Gemini Rosemont announces leadership changes

Henry steps down as CEO; CFO Brownlow named interim CEO

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Dec 01, 2017, 15:45 ET

SANTA FE, N.M., Dec. 1, 2017 /PRNewswire/ -- Gemini Rosemont Realty, LLC, a leading commercial real estate investment company with approximately 13 million square feet of commercial office space in 20 states, announced today that Don Henry has stepped down from the role of chief executive officer, effective December 15, 2017.

Chief Financial Officer Ian Brownlow will serve as interim CEO while the company works with an executive search firm to identify a permanent chief executive.

"Gemini Rosemont is an exceptional organization with a talented and dedicated team, and I'm tremendously proud of our collective accomplishments," said Henry, who has been with Gemini Rosemont since 2013. "We've continued to meet the evolving needs of our valued tenants, established new career development opportunities for our employees and created increased value for current and prospective investors. Gemini Rosemont is fortunate to have a deep bench of talent, and as the company pursues a search for its next leader, the organization is in extremely capable hands with Ian."

"With Ian at the helm as interim CEO and the support from the entire senior management team, we reaffirm our confidence in Gemini Rosemont, and remain committed to supporting the company's strategic growth prospects," said Mr. Lai (Alex) Kwok Hung, executive director of Gemini Investments, Gemini Rosemont's major shareholder. "We thank Don for his leadership and his contributions in enhancing the company's focus on fundraising, acquisition initiatives and investment performance. We wish him all the best in his future endeavors."

"I look forward to continuing to execute the company's strategic initiatives while we identify our next leader," said Brownlow. "Building on our recent acquisitions in Silicon Valley and in Seattle-Bellevue, Gemini Rosemont will be expanding its presence on the East and West Coasts, while growing our valuable real estate portfolio in key existing markets. With strong sponsorship, great depth in our talented existing team, and the recent additions of a new chief operating officer and an additional capital raise expert, Gemini Rosemont is well-positioned for future success."

Brownlow has been chief financial officer of Gemini Rosemont since 1999, with primary responsibility for all financial functions of the business as well as leadership as part of the senior management team responsible for executing on investment decisions and formulating company strategy. Prior to joining Gemini Rosemont, Brownlow was finance director of BHI Corporation, a publicly-traded company with interests in telecommunications, financial services, energy, real estate development and construction. He was previously employed in the United States, United Kingdom and Africa by mining conglomerate Lonmin Plc (formerly Lonrho Plc), listed on the London Stock Exchange. During this period, he served as chief financial officer and chief operating officer of a Lonmin Plc energy affiliate listed on the American Stock Exchange. Brownlow qualified as a Chartered Accountant with Ernst & Young in London.

About Gemini Rosemont Realty, LLC

Headquartered in Santa Fe, New Mexico, Gemini Rosemont is a market leader in commercial real estate acquisition and investment management. The company's portfolio is comprised of 100 buildings totaling approximately 13 million square feet in over 20 states across the U.S.

Since October 2010, Gemini Rosemont has acquired approximately 7.6 million square feet of Class A and B multi-tenant office assets in select markets valued at more than $1.8 billion. As of December 2016, Gemini Rosemont has sponsored more than 160 investment vehicles, deployed over $1 billion of investor equity to make more than $2.8 billion in purchases, and has acquired/managed approximately 33 million square feet of commercial real estate.

Founded in 1992, Gemini Rosemont employs 200 real estate and other professionals. The company has 11 regional offices located in Albuquerque, Atlanta, Dallas, Denver, Houston, Los Angeles, New York, Peoria, San Antonio, Seattle-Bellevue and Tulsa. For more information, please visit GeminiRosemont.com.