Institutional Real Estate Veteran Joins Parmenter Realty Partners

FOR IMMEDIATE RELEASE

Contact: Ellen Wisniewski
Telephone: (305) 379-7500
Email: mediarelations@parmco.com

Institutional Real Estate Veteran Joins Parmenter Realty Partners

Institutional Real Estate Veteran Joins Parmenter Realty Partners
Parmenter Realty Partners, a leader in real estate investment and management, today
announced the appointment of Mr. Timothy Shine as a Managing Principal of the firm. Mr.
Shine’s responsibilities will include identifying and working to close opportunities in the Mid-
Atlantic region, investor relations and capital raising.

Mr. Shine has more than 30 successful years of institutional real estate experience. Prior to
joining Parmenter, Tim held the position of Managing Director and Co-Head of Commonfund
Realty since 2000. Tim had overall responsibility for the operations and asset management of
the firm’s portfolio as well as investor relations.

Prior to joining Commonfund, Tim’s real estate experience included positions with CB Richard
Ellis Investors, formerly Westmark Realty Advisors/TCW Realty Advisors, as well as with the
New Boston Fund.

“We are very pleased to welcome Tim Shine to the firm. Tim has had a long and highly
successful background in institutional real estate and will be an extremely important component
to the Parmenter leadership team as we continue to grow our platform,” said Darryl Parmenter,
President and CEO. “With the successful first close of Fund IV boasting a strong list of
institutional investors, Tim’s skills and experience will continue to enhance Parmenter’s depth of
senior level experience.”

Tim graduated cum laude from the University of Connecticut, where he earned his Bachelor
degree in Finance while working with the University’s Center for Real Estate and Urban
Economics. Tim is an active member of the Urban Land Institute (ULI), National Association of
Industrial and Office Parks (NAIOP), the International Council of Shopping Centers (ICSC) and
National Association of Real Estate Investment Managers (NAREIM).

About Parmenter Realty Partners:

Parmenter Realty Partners is a vertically integrated real estate institutional fund operator
headquartered in South Florida with regional offices in Dallas, Atlanta, and a capital markets
office in New York. It is actively involved in the expansion of its portfolio in the major markets in
the southern half of the United States. Parmenter identifies and acquires underperforming office
properties in fundamentally sound in-fill markets that have current or future occupancy issues
and require repositioning, and uses its hands on operational skills to create operational
efficiencies. Further information is available at www.parmco.com.

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For more information on this topic please contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com.