Parmenter Announces 4th Acquisition In Fund IV

FOR IMMEDIATE RELEASE

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

Parmenter Announces 4th Acquisition In Fund IV

Parmenter Realty Partners announced today the acquisition of 2200 West Loop South; a Class A,
201,720-square-foot, high-rise office tower located in the Galleria / Uptown submarket of
Houston, Texas. Parmenter Realty’s acquisition of the building represents their third in Houston
and the fourth purchase for Parmenter Realty Fund IV.

The building, a dual-paned office tower with an insulated glass exterior and dark bronze
aluminum spandrels, is conveniently located with access to the Galleria shopping mall, hotels,
shops, and restaurants. The building is centrally located in the Houston metropolitan area and
accessible from West Loop, Post Oak Boulevard and San Felipe.

The most recent renovations in 2000 included the installation of new glass, new spandrels,
extensive base renovations, and a new lobby. Awards for the property include Energy Star labels
in 2009, 2010, and 2011 for operating efficiency. As of today the property is 87% leased as it
prepares for cosmetic upgrades to the common areas and systems maintenance.

“Most of the value-add is built into the rent roll versus the market rents,” Steve Bronner,
Parmenter Realty’s Managing Principal of its Southwest Region, commented. “With in place
rents some 30% below current market rents, this investment represents an immense opportunity
to increase net income over time.”

Parmenter Realty Fund IV is focused on purchasing distressed assets in the southern half of the
United States. “The 2200 West Loop purchase is our fourth investment in Fund IV with a fifth
investment for the fund under contract at which point 60 million will have been invested thus
far,” said Andrew Weiss, Chief Operating Officer of Parmenter Realty Partners. “We were
delighted to find another great opportunity to invest in one of the best submarkets in Houston”.

Financing was provided by JPMorgan Chase & Co. Parmenter was represented by Vice
Chairman Charles Foschini of CBRE Capital Markets.

About Parmenter Realty Partners

Parmenter Realty Partners is a real estate investment, management and development company
that operates a series of institutional investment funds focused on the Southern Tier of the US.
Headquartered in South Florida, Parmenter has regional offices in Dallas and Atlanta. Actively
involved in the expansion of its portfolio in the major markets in this region, Parmenter identifies
and acquires underperforming properties and utilizes its vertically integrated platform to increase
value on behalf of its investors.

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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.