Rosemont, HK Investment Firm Forge $3B JV


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Mahony and the Rosemont team will oversee operations for the JV.

SANTA FE, NM—Rosemont Realty, headquartered here, and Hong Kong-listed Gemini Investments (Holdings) Ltd. have formed a joint venture to acquire class A commercial properties in gateway, primary and secondary markets across the US. To be known as Gemini-Rosemont Realty LLC, the JV is targeting up to $3 billion in acquisitions over the next three years.

Additionally, a substantial portion of Rosemont’s existing portfolio of 15.9 million square feet will be transferred to the JV. The existing Rosemont team, including CEO Michael Mahony, will remain in place to run the JV’s operations.

“We see great opportunities to continue acquiring high-quality real estate in the US market while also harvesting value for our investors, both existing and new,” says Mahony. “The possibilities for this venture are tremendous.”…

Rosemont, HK Investment Firm Forge $3B JV

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