Established in 1991 and headed by Kevin Maloney, Property Markets Group is a New York City-based real estate acquisition and development firm with real estate assets spread throughout the United States and abroad. PMG has successfully transformed underutilized assets into highly profitable operating properties for almost 25 years. The company's ability to anticipate market trends and make aggressive, well-timed investments has and will continue to reward its properties with operating profitability and robust asset appreciation. PMG has been responsible for over 150 real estate transactions, including over 85 residential buildings in Manhattan, during its 20+ year history. One of the leading converters of New York City rental apartments, PMG has distinguished itself over the last 10 years through its construction of new condominium developments in New York City, as well as in Florida, Illinois, South Carolina, the Caribbean, and elsewhere. PMG is currently developing 111 West 57th Street (in partnership with JDS Development Group), aimed at becoming one of the tallest luxury residential condominiums in New York at 1,428 feet; Echo Brickell, a 180-unit luxury condominium designed by world-renowned architect Carlos Ott, positioned in the heart of Brickell, Miami’s fastest-growing metropolitan neighborhood; 10 Sullivan, a 16-story luxury condominium tower featuring the highest residence in all of SoHo; and Muse, a boutique 68-unit luxury condominium located directly on the pristine beaches of Sunny Isles, Florida. PMG’s professional staff manages more than 50 employees and has developed, in conjunction with its JV partners, more than $6 billion in development projects since its inception. PMG’s executive leadership and market presence continue to attract some of the nation’s most elite developers, architects, and contractors. Such resources have allowed the company to focus on approaching and cornering the private market. PMG's construction services range from simple cosmetic programs to the most complex restorations and new construction projects in the current marketplace. PMG seeks to acquire properties that present value-add or opportunistic repositioning scenarios, or those that are trading at a substantial discount and present an environment value that can be realized immediately upon closing. This year, the company celebrated its 27th-year anniversary as New York City's leading boutique appraisal services company. From the beginning, the company has built its reputation on adhering to proven appraisal methodologies, and by focusing on valuations for major financial institutions that are funding large commercial transactions, and trusts and estate attorneys who calculate estate taxes. Additional services performed include appraisal review, feasibility studies, investment analysis, and arbitration.
