Mr. Rosemurgy is the current CEO of Rosemurgy Properties, a privately owned commercial real estate development, investment and management firm. Portfolio assets include multi-family, self-storage, retail, office and undeveloped land. For the past 44 years, the company has maintained focus on a long-term diversified investment strategy through multiple commercial asset classes. Mr. Rosemurgy was named Chief Executive Officer of Rosemurgy Properties in 2010. Since then, the company has expanded its portfolio to over $700 million in assets under development and management throughout the Southeast. In addition, he has expanded the operations of the company to include property and construction management services. He has taken a focused approach in the architecture, design and detail of every project as part of an overall objective in delivering best-in-class properties and new developments. Mr. Rosemurgy has more than 25 years of commercial real estate, construction, and development experience.
Mr. Rosemurgy is also the Managing Partner of Park Partners Residential. In 2013, Rosemurgy Properties teamed with Giles Capital Group to form a joint venture for the purpose of acquiring multi-family development sites and assets. In addition to development and acquisition, Park Partners provides property management and asset management services. Since May 2013, entities controlled by Rosemurgy and Giles have acquired and developed over $500 million in multi-family assets.
Mr. Rosemurgy currently serves as a Board Member on ULI’s South Florida Chapter, a member of the City of Boca Raton Affordable Housing Advisory Board, and is a current YPO Palm Beach member, having served as former Chapter Chair and 8-term as Board Member. He has a degree in Finance from Florida State University and resides in Boca Raton with his family.
Notable commercial development projects:
Uptown Boca – Boca Raton, FL
A 1 million+ square mixed-use development in west Boca Raton, Uptown includes 456 apartments and over 180,000 square feet of retail. Tenants include Amazon Fresh, REI, Sephora, Chick-fil-A, Bonefish, MD Now, Bolay, Olive U, Lenora’s, Lazy Dog, BurgerFi and F45. The Residences of Uptown recently sold to Cortland for $230.00M, which equated to a record $504,000 per door. Over 6 years in the making, Uptown was the first project approved in Palm Beach County under the 3.5.D Traffic Policy Exemption with a built-on-site workforce housing requirement.
University Park – Boca Raton, FL
As the first purpose-built student housing complex in Palm Beach County, University Park serves Florida Atlantic University, Lynn University and Palm Beach State University. The 598-bed project was sold in 2016 to InvestCorp along with 2 additional neighbor student properties for $105.25M.
Mainstreet - Coconut Creek, FL Currently in the entitlement phase, Mainstreet consists of a 200-acre development that will include over 1900 for-sale and rental units, 100,000 of grocery-anchored retail, civic and recreational uses as well as a 550-student charter school. With a projected capitalization of over $600M, the project is on track to break ground in late-2022
