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Gemini Rosemont adds Latimer to asset management team
New asset manager position to support company’s Houston and Dallas portfolios
Gemini Rosemont Commercial Real Estate, a leading commercial real estate investment company with approximately 12.5 million square feet of commercial office space in 20 states, has added Nina Latimer to its asset management team.
Latimer is the asset manager responsible for the majority of Gemini Rosemont’s Houston portfolio, including nine properties comprised of 1.2 million square feet of commercial office space. She is also responsible for the Dallas portfolio, which includes The Summit at Las Colinas and Amber Trail, representing 523,522 square feet.
“Gemini Rosemont’s Houston portfolio is an important part of the company’s national footprint,” said Helen Rivero, Gemini Rosemont’s senior managing director for investment management. “The additional experience and talent Nina brings to the company’s investment team will help us continue our track record of creating value for our tenants and investors alike, while we pursue new ownership opportunities in these vital markets.”
Latimer brings more than 12 years of commercial real estate experience to the position, including serving as asset management strategist at Chestnut Real Estate in Houston and as an asset manager for Grosvenor Americas in Washington, D.C. Most recently she managed the sustainability program for REIS Associates in Houston.
Latimer earned her Bachelor of Arts in Economics and Human & Organizational Development from Vanderbilt University. She holds the LEED Green Associate credential.
Gemini Rosemont adds Meehan and Frandson to leadership team
Duo added to provided additional resources to support the Company’s growth initiative
Gemini Rosemont Commercial Real Estate, a leading commercial real estate investment company with approximately 12.5 million square feet of commercial office space in 20 states, has added two seasoned executives to its leadership team.
John Meehan has been named the company’s chief operating officer and Nina Frandson has joined Gemini Rosemont as a senior managing director for capital markets.
In his COO role, Meehan will oversee corporate transactions, provide financing and multidisciplinary leadership, and will partner with the company’s asset management and acquisition divisions, to support a variety of initiatives. He will also be directly involved with the capital raise team.
Frandson’s efforts will be focused on capital markets and is a leading member of the capital raise team for Gemini Rosemont.
“Gemini Rosemont is in the midst of a multi-year capital raise and acquisition program, and adding these two experienced professionals to our team is part of a long-term strategy to bolster our efforts specifically in those two areas,” said Ian Brownlow, interim chief executive officer and chief financial officer. “The combined talent and experience that John and Nina bring to the company will help us achieve both our short- and long-term goals.”
Prior to joining Gemini Rosemont, Meehan was the vice president, director of capital markets for Douglas Emmett, Inc., with responsibilities for all transactional activities including acquisitions, financings and dispositions.
During his 16-year tenure with Douglas Emmett, Meehan led the acquisition of 9.4 million square feet of office properties and over 1,500 apartment units totaling $4 billion in investments. He also closed over $12 billion in financing transactions, led the sale of $300 million of assets and was an integral part of the initial public offering process that resulted in, at the time, the largest REIT IPO in history with a $1.59 billion initial offering.
Meehan received his Master’s degree in Business Administration from the University of Southern California after earning his Bachelor of Arts degree in Finance from the Michigan State University.
Frandson was a managing director and raised capital for Cantor Fitzgerald’s proprietary and third-party real estate and private equity funds prior to joining Gemini Rosemont. Before her time at Cantor Fitzgerald, Frandson used her significant institutional investor relationships to finance funds represented by Guggenheim Partners and AIG. Previously, Frandson underwrote and sold large commercial real estate portfolios to institutional investors while working in the Cushman & Wakefield Capital Markets Group. Frandson began her career at Merrill Lynch, where she actively gathered capital from and managed portfolios for high net worth clients and institutional investors.
Frandson received her Bachelor’s degree from the University of California, Los Angeles. She also has a Law degree from the University of California, Los Angeles School of Law and a Masters of Business degree from Columbia Business School.
Meehan is based in Los Angeles, Calif., and Frandson is based in New York City.
Gemini Rosemont announces leadership changes
Henry steps down as CEO; CFO Brownlow named interim CEO
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.
Gemini Rosemont’s Inaugural Day of Service Benefits Nine Local Food Banks
Approximately 185 company’s employees donated more than 800 volunteer hours to help sort and organize donated food during the week of October 23.
“Helping end hunger is a cause we can all rally behind,” said Don Henry, CEO for Gemini Rosemont. “We’ve been fortunate in both our business lives and in our personal lives. Assisting the less fortunate get the food they need will make our communities stronger.”
The statistics about food insecure households are startling.
One in six Americans face hunger. In fact, 42.2 million Americans live in food insecure households, including 29.1 million adults and 13.1 million children, according to the USDA.
Employees based in the company’s nine regional offices worked at the following food banks:
Albuquerque – Roadrunner Food Bank
Atlanta – Norcross Coop
Dallas – North Texas Food Bank
Denver – Metro Caring
Houston – Houston Food Bank
Peoria – Peoria Area Food Bank
San Antonio – San Antonio Food Bank
Santa Fe – The Food Depot
Tulsa — Community Food Bank of Eastern Oklahoma
“This is the first of what we hope will be an annual event to work with deserving non-profits to improve local communities,” Henry said. “It will also give us an opportunity to work side-by-side with our colleagues to make a difference in these communities.”
Gemini Rosemont has sponsored a number of philanthropic endeavors since its inception 25 years ago.
The company established the Garfield Street Foundation in 1999, a non-profit that helps individuals and families in economic crises get back on their feet.
It has also partnered with Over the Edge, an adventure experience company that assists non-profits in hosting rappelling events for fundraising. The company has helped raise more than $2.5 million for charities by providing access to 31 buildings for Over the Edge rappelling events in 10 cities across the country since 2008.
Additionally, building personnel across the portfolio host a variety of fundraising events, collect food, clothing, pet supplies and other items on behalf of local charities, and provide holidays gifts for less fortunate children.
Joint venture wins Biggest Deals of the Year
The Rosemont Realty and Gemini Investments joint venture was named winner of the inaugural Biggest Deals of the Year award by the Albuquerque Business First newspaper.
“This award is an excellent acknowledgment of the importance of our ongoing relationship with our partner, Gemini Investments,” said Michael Mahony, CEO of Gemini Rosemont.
Gemini Rosemont won the honor in the real estate division, one of 11 categories recognized at the first-ever gala event attended by more than 400 business leaders.
Joe Farr, SVP of Asset Management and Albuquerque market leader, and Dan Burrell, former Rosemont Realty CEO, accepted the award on behalf of Gemini Rosemont. In attendance were 20 members and guests representing the company to celebrate the achievement.
The Biggest Deals of the Year finalists and awardees were selected by the news staff of Albuquerque Business First, based on real estate transactions closed between August 2015 and August 2016, the size of the deal and potential benefits to New Mexico.
Bellevue’s One Twelfth at Twelfth three-building office campus joins portfolio
Gemini Rosemont, LLC, a leading real estate investment company with holdings of approximately 13.6 million square feet of commercial office space, has acquired One Twelfth at Twelfth, a three-building office campus in the Seattle submarket of Bellevue, Wash.
The acquisition of the Class A office campus adds 480,389 rentable square feet to the company’s portfolio. Gemini Rosemont now owns 67 properties comprised of 109 buildings in 20 U.S. states.
Gemini Rosemont purchased the office campus in partnership with Gemini Investments, an investment company listed on the Hong Kong Stock Exchange. The price was not disclosed.
“Adding One Twelfth at Twelfth to our portfolio supports Gemini Rosemont’s desire to expand our footprint in the western U.S.,” said Michael Mahony, chief executive officer of Gemini Rosemont. “The Seattle-Bellevue MSA is a very desirable live/work/play community featuring a diverse industry base. The highly skilled and educated work force that chooses to live here supports a strong and growing office sector. We expect additional acquisitions in the Puget Sound region in the near future.”
This is the third office building acquisition in 2016 by Gemini Rosemont. The company added Raleigh-Durham’s six-story, 131,976 square foot SouthCourt office building in early November. It also acquired the 19-story, 177,489 square foot 610 West Ash office tower in San Diego’s downtown Little Italy district in April.
“One Twelfth at Twelfth is the complete package from an investment standpoint,” said Don Henry, chief operating officer and chief investment officer for Gemini Rosemont. “It is a fully-leased property located in a campus setting in a dynamic submarket that we have been targeting for our investors. The property generates a stable income return but also has potential for capital appreciation due to its location and being in the path of growth.”
The LEED Gold certified office campus sits adjacent to Interstate-405, Eastside’s primary transportation corridor, offering unmatched access and highway visibility. Built in 2001, the property features high quality office space, large and efficient floor plates, comprehensive onsite and nearby amenities, an above-market parking ratio, and superior transportation access and visibility.
“We have identified a number of ‘smart capital’ investments that we can make at One Twelfth at Twelfth, including an upgrade of the building amenities and the use of the common courtyard as a focal point to enhance the tenant experience,” said Jason Kuester, Gemini Rosemont’s senior vice president of acquisitions.
The Eastdil Secured team of Jason Flynn, managing director, Kayln McClure, senior vice president, and Reid Rader, vice president, brokered the transaction.
Led by KG Investment Properties’ regional director Josh Shearer, the property will be managed onsite by Shawn Gilson, senior property manager. The Broderick Group’s Grant Yerke and Jeff Watson will handle leasing.