Regis Property Management, LLC Acquires Galleria Area Office Building in Houston Texas

DALLAS--()--Regis Property Management LLC is pleased to announce its most recent transaction, adding another asset to its strong commercial portfolio.

770 S Post Oak Lane is a boutique mid-rise office building located 7 miles from downtown Houston and 24 miles from Houston Intercontinental Airport. This 6 story building is conveniently located in the robust Galleria area, surrounded by numerous upscale restaurants, hotels and other amenities.

Rick Conley, President of Regis Property Management, commented, “770 Post Oak is an outstanding asset with mostly long term tenants. We’re excited to move into the thriving Houston market.”

With over 40 years in the real estate industry, Gene Phillips, advisory source to Pillar Income Asset Management, Inc., notes, “Texas has long been one of the strongest real estate markets. Houston and Dallas are on trend for continued growth in both the residential and commercial markets. Both cities are experiencing strong job growth and it is predicted to stay on pace for 4% employment growth throughout 2015 and 2016; that bodes well for the real estate market.”

Regis Property Management is an affiliate of Pillar Income Asset Management and currently manages 34 commercial properties comprising in excess of 6 million sq ft. Properties range from office, warehouse, industrial, to shopping centers. Regis was selected to manage the property portfolios for three publicly traded companies as well as several affiliated and nonaffiliated private companies. Our focus is on individual attention, innovation and customer satisfaction, a winning combination for everyone.

Pillar Income Asset Management, Inc. (www.pillarincome.com) is a Dallas-based real estate management company, which develops and manages in excess of $2.5 billion of real estate for public and private real estate entities. Affiliated companies under management or advisement by Pillar include American Realty Investors, Inc. (NYSE: ARL); Transcontinental Realty Investors, Inc. (NYSE: TCI); Income Opportunity Realty Investors, Inc. (NYSE MKT: IOT); and Abode Properties Inc.

Contacts

Pillar Income Asset Management, Inc.
Chris Childress, 469-522-4275
press@pillarincome.com

Contacts

Pillar Income Asset Management, Inc.
Chris Childress, 469-522-4275
press@pillarincome.com