PKY Corporate Brochure by Midway + Parkway

P K Y. C O M

Transform Communities, Create Value — Experience Excellence with Parkway

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Houston, TX

1111brickell.com

Contents 06

Our Story

Milestones

Market Experience

Our Services

Executive Leadership

Value Add Investment

Project Highlights

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Our Story Parkway was formed when Midway and Parkway, two nationally recognized firms with over 100 years of collective experience, partnered to form a privately owned, fully diversified real estate investment, operations, and management firm. Coupling Midway’s strength in creating uniquely transformational real estate projects, enduring investments, and asset diversification with Parkway’s investment acumen, market breadth, and capital relationships has positioned the new company for accelerated growth and investment in the Sun Belt markets and beyond. CITYWESTPLACE Houston, TX

citywesthouston.com

Headquartered in Houston, Parkway has a presence in 13 markets across Texas, Florida, Georgia, Virginia, Arizona, Colorado, and California. With a combined 45 million square feet of assets under management, including developments in progress1, Parkway offers a comprehensive suite of specialized commercial real estate solutions including: Investments and Acquisitions, Property Operations and Management, Financial Operations and Compliance, Strategic Leasing and Advisory (Retail and Office), Asset and Portfolio Management, Marketing and Creative, and Development (in partnership with Midway). With a proven track record of industry-leading results, Parkway’s increased scale, efficiency and financial strength will serve as a force multiplier to drive

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enhanced stakeholder value through market cycles.

As of 09.30.2023

Get to Know Us Created from 2 nationally recognized firms

100+ years of collective experience

PETER JEFFERSON PLACE

$14B+ assets acquired, developed or sold

Charlottesville, VA

45M+ square feet of assets under management, including developments in progress

Company leadership has more than 200 years of combined experience

BALDWIN POINT Orlando, FL

As of 09.30.2023

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Presence in 13 markets across Texas, Florida, Georgia, Virginia, Arizona, Colorado, and California

Milestones Post Oak Central + CityWest Acquisition

2023

Parkway Closes on Two Significant Houston Office Assets in One of The Largest U.S. Real Estate Transactions Year-To-Date

Parkway + Midway Parkway + Midway announce new venture.

55 Years

2022

Midway celebrates its 55th anniversary and its has first tenant open for business in East River.

Diversified Portfolio

2019

Parkway expands its office portfolio to encompass industrial and multifamily projects, Lakeland Central Park, and The Helix at Lake Mary Wellness + Technology Park.

Parkway Property Investments

2017

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Parkway Property Investments (PPI) is formed through a take-private merger and begins to acquire and develop assets throughout the Sunbelt Region.

Parkway Houston

2016

Legacy Parkway merged with Cousins Properties and spun off Parkway, Inc., a newly formed, separate, publicly traded REIT (Parkway Houston).

Thomas Property Group

2013

Legacy Parkway acquired Thomas Property Group.

Legacy Parkway

2011

Parkway Properties, Inc (Legacy Parkway), a publicly traded REIT, acquired Eola Capital and deployed over $300M of equity.

CITYCENTRE

2008

2002

Midway finished its first development in Northern Mexico.

Dallas to Houston

1990

Midway’s headquarters moved from Dallas to Houston.

Midway Houston

1983

Midway’s Houston office is formed.

Parkway Founding Year

1971

Midway Founding Year

1968

Midway is formed in Dallas, TX.

Midway expands from Industrial/Land development into Mixed-Use and Master Planned Communities.

EOLA Capital

1998

Parkway is formed in Jackson, MS.

Midway opens up the first phase of CITYCENTRE, the premier mixed-used development in Houston, Texas.

Mixed-Use Development

Northern Mexico

2000

Eola Capital was formed and began the acquisition of 13.3 MSF in Florida, Atlanta, and Virginia. - 9 / 28 -

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Market Experience

Whether we’re reinventing a space or creating something new, we create places that matter. At Parkway, we are driven by our ingenuity, passion, and commitment to making our communities remarkable. Our collective expertise across North America, together with an enhanced scale and market presence, positions Parkway for accelerated expansion, investment, and innovation in talent, capabilities, and services.

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Select Current Portfolio /1

/3 1 — Lakeland Central Park | Lakeland, FL 2 — 501 East Kennedy | Tampa, FL 3 — Sabadell Financial Center | Miami, FL 4 — CITYCENTRE | Houston, TX

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5 — East River | Houston, TX

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Our Services

Miami, FL

1111brickell.com

Unlocking Endless Possibilities in Commercial Real Estate With 45 million square feet of assets under management, including developments in progress, Parkway offers a comprehensive suite of

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specialized commercial real estate solutions.

*SF as of 09.30.2023

Investments + Acquisitions

Property Operations + Management

Parkway offers a differentiated experience and creates more robust consumer demand and returns on investment by focusing on opportunities across all asset classes and market sectors. Utilizing three investment avenues—develop to core, value add, and covered land—Parkway strategically optimizes the mix of location, product, and experience to cultivate enduring core investments.

At Parkway, we build property teams that believe in elevating the tenant experience to oversee the daily tasks and responsibilities that drive the quality of the investment. The combination of our uniquely talented people and fine-tuned management process allows us to execute projects of all sizes and complexity, including a dynamic mix of retail, office, hospitality, and multifamily spaces.

Asset + Portfolio Management

Financial Operations + Compliance

Parkway’s unique combination of expert local presence, deep industry knowledge, and an advanced analytical approach ensures that assets remain valuable and lucrative, delivering consistently favorable returns. Our knowledgeable team excels at maximizing returns by developing tailored strategic plans encompassing various aspects, such as determining an asset’s optimal utilization, structuring recapitalization, minimizing insurance costs and taxes, and formulating effective capital expense strategies, all with a focus on the nuances of the local market.

Drawing on extensive expertise and a demonstrated history of successfully overseeing intricate portfolio transactions, Parkway is the trusted partner for large institutional investors. Our specialized team of real estate finance professionals offers a comprehensive array of financial and reporting services to optimize the financial performance of a portfolio, creating value and saving time and money for our partners and clients.

Strategic Leasing + Advisory

Marketing + Creative

Parkway’s team develops and implements commercial leasing and merchandising strategies to increase investor value and ensure our properties’ success. Benefitting from an in-house team of seasoned leasing professionals with an in-depth knowledge of local markets, Parkway’s leasing team excels at maintaining close relationships with tenants and brokers which in turn provides opportunities for synergy among our growing portfolio of properties.

Parkway’s creative problem solvers execute everything from branding and identity strategy to more than 500 activations hosted annually. This curated team crafts the unique voice of each asset to differentiate it within the market, and hosts events in our public spaces that help them become the heart and soul of each development.

Development

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With a focus on providing comprehensive support throughout every phase of the development process— from preconstruction to closeout—Midway’s primary goal is to ensure both high-quality results and cost savings while effectively managing risks and fostering seamless communication among project consultants. Midway offers a range of valuable resources and tools to facilitate the creation of remarkable projects, delivered on time and within budget.

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Executive Leadership

Jim Heistand

Brad Freels

Co-Executive Chairman

John Kosciulek

A. Noni Holmes-Kidd

Chief Financial Officer

Chief Legal Officer

Our leadership team brings a wealth of complementary expertise and more than two centuries of collective experience to our firm. We focus on creating remarkable places and sustainable assets thanks to our extraordinary placemaking capabilities, investment acumen, and ability to establish strong capital relationships.

Combined 200+ Years of Experience in Commercial Real Estate. Our unique position allows us to increase investment and expansion of development, ownership, and operations in the Sun Belt region and beyond. Trust us to provide you with expert guidance and a team with a proven track record of success.

M. Jayson Lipsey Chief Executive Officer

Pam Jesse

Chief Operating Officer

Chief People Officer

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Matt Mooney

Value Add Investments

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Centennial Research Row Our strategic leasing, capital investment and re-branding plan resulted in more than 301K RSF of leasing at weighted average rents 14% above underwriting. This allowed us to sell the asset two years earlier than underwritten at a 34% premium to acquisition price, a 44% net levered IRR and 1.9x equity multiple.

624K SF — Raleigh, NC

44.0% LEVERED IRR

PURCHASED

SOLD

June 2018 $172M $278/SF

April 2020 $231M $373/SF

We excel at discovering value and employing innovative approaches to efficiently structure and execute a diverse range of transactions

10.4%

Tower Place 200

260K SF | Atlanta, GA

UNLEVERED IRR

PURCHASED January 2013 $56.3M $217/SF

SOLD* October 2016 $78.7M $303/SF

Westshore Corporate Center 173K | Tampa, FL

UNLEVERED IRR

PURCHASED December 2012 $23.5M $136/SF

SOLD* April 2015 $29.5M $171/SF

San Jacinto Center 410K SF | Austin, TX

UNLEVERED IRR

SOLD* October 2016 $193M $471/SF

SOLD November 2015 $81.3M $197/SF

485K SF | Atlanta, GA

UNLEVERED IRR

SOLD* October 2016 $205M $423/SF

One American Center 504K SF | Austin, TX

PURCHASED December 2013 $107.4M $213/SF

222K SF | Atlanta, GA

48.3%

UNLEVERED IRR

29.9%

454K SF | Austin, TX

UNLEVERED IRR

SOLD* October 2016 $205M $423/SF

22.7%

Frost Bank Tower

535K SF | Austin, TX

PURCHASED December 2013 $212.5M $397/SF

12.5%

SOLD* October 2016 $70M $315/SF

300 West 6th Street

PURCHASED January 2012 $166.8M $344/SF

UNLEVERED IRR

SOLD April 2015 $160M $317/SF

Forum at West Paces

PURCHASED July 2014 $47M $211/SF

11.3%

3344 Peachtree

PURCHASED January 2012 $166.8M $344/SF

23.1%

UNLEVERED IRR

SOLD April 2015 $260.8M $487/SF

*Acquired by Cousins in the Cousins/Legacy Parkway merger

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PURCHASED December 2013 $154.3M $377/SF

414K SF | Atlanta, GA

PURCHASED September 2013 $56.6M $137/SF

23.1%

24.2%

7000 Central Park

Teachers Retirement System of Texas - Fund II Formed in May 2008 with Teachers Retirement System of Texas (“TRST”), Parkway controlled a $750M open-ended discretionary fund which sought to acquire assets with a debt to total capitalization ratio of approximately 50%. The Fund was successful in generating attractive risk-adjusted returns for its investors via the

Hayden Ferry III 267K SF — Phoenix, AZ TRST FUND II

The Fund’s investments included the successful ground-up development of Hayden Ferry III– a 267,000 RSF Class A office building in the Tempe submarket of Phoenix, Arizona. The project delivered in September of 2015 ahead of pro forma occupancy goals and at record-setting rental

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rates for Phoenix at the time. DEVELOPED

SOLD*

September 2015 ~$69M

October 2016 $120M

*Acquired by Cousins in the Cousins/Legacy Parkway merger

acquisition of high-quality office assets across the country. The Fund was fully monetized in 2016 as part of the merger and spinoff with Cousins Properties Inc., earning an overall levered IRR of approximately 13.4% while utilizing very conservative leverage.

28.9% UNLEVERED IRR

9.9%

Corporate Center IV 250K SF | Tampa, FL

UNLEVERED IRR

TRST FUND II

PURCHASED May 2011 $45M $180/SF

SOLD* October 2016 $58.6M $234/SF

PURCHASED May 2011 $23.4M $82/SF

8.5%

421K SF | Orlando, FL

UNLEVERED IRR

TRST FUND II

UNLEVERED IRR

13.9%

The Pointe

252K SF | Tampa, FL

UNLEVERED IRR

TRST FUND II

SOLD April 2015 $35.5M $124/SF

245 Riverside

136K SF | Jacksonville, FL

PURCHASED January 2012 $47M $186/SF

SOLD* October 2016 $63.1M $251/SF

12.5% UNLEVERED IRR

TRST FUND II

SOLD* October 2016 $88M $209/SF

Hayden Ferry Lakeside I 203K SF | Phoenix, AZ

PURCHASED March 2011 $18.5M $136/SF

12.5% UNLEVERED IRR

TRST FUND II

SOLD July 2015 $24.1M $177/SF

Hayden Ferry Lakeside II 300K SF | Phoenix, AZ

UNLEVERED IRR

TRST FUND II

SOLD* October 2016 $72.9M $359/SF

PURCHASED March 2012 $86M $287/SF

10.2%

Two Liberty Place

941K SF | Philadelphia, PA

8.3%

UNLEVERED IRR

TRST FUND II

SOLD* October 2016 $107.7M $359/SF

PURCHASED May 2011 $180.4M $192/SF

SOLD April 2015 $184M $196/SF

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PURCHASED July 2011 $39.2M $193/SF

286K SF | Tampa, FL TRST FUND II

Bank of America Center

PURCHASED May 2011 $70M $157/SF

26.9%

Cypress Center I-III

Select Investment Experience

19.6%

One Eleven Congress

UNLEVERED IRR

514K SF — Austin, TX PURCHASED

SOLD*

Legacy Parkway’s 2013 merger with Thomas

December 2013

October 2016

Properties, transforming it into a modern

$123.9M

$227.5M

eat-work-play destination in downtown Austin.

$241/SF

$443/SF

We successfully repositioned One Eleven Congress, one of the assets acquired in

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This award-winning transformation featured the city’s first food hall and a jewel box restaurant, both of which activated the asset and created significant value for stakeholders.

NASCAR Plaza

395K SF | Charlotte, NC

PURCHASED December 2012 $99.9M $253/SF

UNLEVERED IRR

SOLD* October 2016 $118.5M $300/SF

140K SF | Miami, FL

UNLEVERED IRR

SOLD* October 2016 $83.2M $594/SF

Hearst Tower

965K SF | Charlotte, NC

PURCHASED July 2012 $250M $259/SF

15.0%

Lincoln Place

PURCHASED December 2013 $65.4M $467/SF

10.1%

UNLEVERED IRR

SOLD* October 2016 $341M $353/SF

One Orlando Centre 356K SF | Orlando, FL

PURCHASED May 2014 $55.5M $156/SF

10.2%

341K SF | Miami, FL

PURCHASED December 2013 $212.5M $397/SF

8.5%

UNLEVERED IRR

SOLD* October 2016 $70.1M $197/SF

Courvoisier Center I & II

UNLEVERED IRR

SOLD April 2015 $260.8M $487/SF

14.8%

Tempe Gateway

264K SF | Tempe, AZ

PURCHASED December 2012 $66.1M $250/SF

22.7%

UNLEVERED IRR

SOLD* October 2016 $100.2M $380/SF

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Project Highlights

CityWestPlace

Houston, TX — citywesthouston.com

CityWestPlace is a thriving, 39-acre campus in Houston’s Westchase District, located off the Sam Houston Tollway near the Energy Corridor. Designed by Keating Mann Jerrigan Rottet and Daniel Mann Johnson & Mendenhall, the innovative Class-A office complex was built between the 1993 and 2001 and encompasses four buildings with a total of 1,473,177 rentable square feet, as well as four structured parking garages with ground floor amenities. CityWestPlace boasts exceptional outdoor spaces that have garnered national distinction for landscaping elements spanning from extensive flower gardens and pine groves to sunken gathering areas further enhanced by tranquil water features like Japanese slit pools and a mist

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fountain. In addition, tenants can take advantage of onsite conference space, multiple food and beverage options, as well as unrivaled indoor and outdoor recreational offerings complete with two fitness centers, trails, a jogging track, and sports fields.

Check out our latest news! pky.com/media

Proposed Redevelopment

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Proposed Redevelopment

Project Highlights

Post Oak Central

Houston, TX — postoakcentral.com

Designed by Philip Johnson and constructed from 1975 to 1981, Post Oak Central is an iconic three-building, mixed-use development located on Post Oak Boulevard in the heart of Houston’s Uptown business and entertainment district. Post Oak Central remains at the forefront of the Uptown market with 1.2 million square feet of premier Class-A office space and 90,000 square feet of pedestrian-oriented retail. The manicured, 17-acre campus is located on a prime stretch of tree-lined Post Oak Boulevard, midpoint between San Felipe Street and Westheimer Road, providing easy access to the 610 Loop and U.S. 59. Tenants and guests are steps from Uptown’s myriad of dining, hotel, and shopping options, as

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well as the new METRORapid Silver Line, which offers further mobility by linking attractions including The Galleria and Uptown Park with park-and-ride stations.

Check out our latest news! pky.com/media

Proposed Redevelopment

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Proposed Redevelopment

Houston, TX

citycentrehouston.com

P K Y. C O M