The Roseview Group, PMRG Form $250M Fund

HOUSTON—The Roseview Group, based in Boston, on behalf of the Roseview Evergreen Fund, a $500 million discretionary real estate separate account with a major U.S. corporate pension fund, and locally based PM Realty Group, a national real estate investment and property services company, have formed Roseview-PMRG Fund I LLC, a $250-million discretionary fund to acquire and reposition office properties across the US.

The fund seeks to acquire and reposition existing office assets, which can be acquired below replacement cost, by investing capital to upgrade building common areas and mechanical systems and to fund tenant improvements and leasing commissions. The fund will bring an operational approach to owning office assets and, in addition to growing revenue, will focus on operating buildings more efficiently, improving the tenant experience and reducing waste and promoting eco-friendly consumption.