Numerous real estate industry media sources, including GlobeSt.com, have recently reported that Pacific Life Insurance Co. will discontinue operations of its subsidiary, PM Realty Advisors Inc. based in Newport Beach, CA.
In an effort to avoid any confusion, I wish to emphasize that our company, PM Realty Group LP, a privately held national real estate services firm, headquartered in Houston, TX and servicing over 140 million sf throughout the country, has no connection, common ownership, affiliation or any other business relationship with this subsidiary of Pacific Life. We continue to be dedicated to providing the highest quality real estate services to our distinguished list of institutional and private investors and expect to continue to expand our clientele and service menu in the future.
We appreciate the use of your industry forum to help us make this clarification.
Rick V. Kirk President & CEO of PM Realty Group
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