Gemini Rosemont Realty, LLC, a commercial real estate investment company with holdings of over 13 million square feet of commercial office space, today announced a planned senior management transition.
Don Henry, currently Chief Operating Officer and Chief Investment Officer for Gemini Rosemont, has been named Chief Executive Officer, succeeding Michael E. Mahony, who will be taking on the newly-created position of President and Chief Strategy Officer. The transition will be effective March 31, 2017.
As Chief Executive Officer, Henry will assume leadership responsibility for all major corporate decisions, including operations and resource management, with a focus on capital raise, acquisitions, and investment performance – areas of enhanced strategic importance for Gemini Rosemont. Henry will continue to perform CIO functions in his capacity as CEO.
Prior to joining Gemini Rosemont in 2013, Henry served as Chief Real Estate Officer for Wells Real Estate Funds in Atlanta, where he was responsible for all aspects of the investment cycle, including acquisitions, finance, dispositions, asset management, leasing, and property management.
As President and Chief Strategy Officer, Mahony will focus on major strategic, value-creating initiatives within the portfolio and on capital raise activities, while continuing to work alongside Henry and the existing Gemini Rosemont senior management team to help guide the company's overall strategic vision. He will also oversee brand expansion and investor relationships, and support the development platform.
"I am thrilled to take on the role of President and Chief Strategy Officer, and pass the torch to Don, who is the perfect person to lead Gemini Rosemont as it embarks on its next phase of growth," Mahony said. "Since joining the company, Don, with his extensive background in commercial real estate, capital markets and asset management, has been integral to our fundraising and acquisition initiatives. As our focus on these efforts intensifies, Don is ideally suited to take the helm. We have an incredible employee base and I look forward to continuing to work very closely with our team to ensure they have the necessary development opportunities to meet the sophisticated and evolving needs of our investors and tenants."
Henry added, "Michael's leadership and strategic vision have been essential to Gemini Rosemont's success, and his continued insights will be invaluable as we tap into new opportunities and execute on our growth strategy.
With our strong platform, experienced team, and Gemini Investments partnership, we are extremely well positioned to raise capital, acquire high-quality real estate assets in targeted markets, and create increased value for current and prospective investors and tenants. I am honored and excited to have the opportunity to lead this great company at this important juncture."
Mr. Lai (Alex) Kwok Hung, Executive Director of Gemini Investments stated, "We are very excited about the prospect for continued growth at Gemini Rosemont under the leadership of Don Henry and strategic guidance of Michael Mahony. We are extremely fortunate to have a strong, deep management team that shares our focus on delivering the best results for our investors. Don and Michael are exceptionally well suited to their new roles and we are confident that the best is yet to come for Gemini Rosemont."
Headquartered in Santa Fe, New Mexico, Gemini Rosemont Commercial Real Estate's portfolio is comprised of over 100 buildings totaling over 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 $1.2 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 $2.7 billion in purchases, and has acquired/managed approximately 30 million square feet of commercial real estate.