Parmenter Opens New D.C. Metro Regional Headquarters

FOR IMMEDIATE RELEASE

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

Parmenter Opens New D.C. Metro Regional Headquarters

WASHINGTON, D.C. — Parmenter Realty Partners announced today that they will be opening their third
regional headquarters in the D.C. Metro area. The commercial real estate investment and management
firm based out of Miami currently operates regional offices in Dallas and Atlanta. Christopher McGrew,
the firm’s newest addition, has been selected as Managing Director for the D.C. office. Christopher
McGrew is a 17-year veteran of commercial real investment specializing in the acquisition, development,
leasing, and disposition of distressed assets in the Washington, D.C. metropolitan market.

Darryl Parmenter, Chairman and CEO of Parmenter Realty Partners, discussed the decision to expand into
the Mid-Atlantic region. “At this point in the market cycle, Parmenter sees potential opportunity for our
investment strategy. D.C. has been on Parmenter’s radar for a number of years, and with over 350 million
square feet of office space in a market that is in a state of flux, our experience tells us that it’s time to
engage,” said Parmenter. “We’ve made the decision to bring in a local expert to access this opportunity
and all of its potential.”

Parmenter went on to discuss the firm’s newest addition. He commented, “Christopher’s expertise is so
closely aligned with our focus area that, with $2 billion in transactions in the D.C. market, he was the
clear choice to lead our efforts in this expansion.”

McGrew comes to Parmenter from Penzance Properties’ Washington, D.C. office where he served as
Senior Vice President and initiated, developed, and directed the firm’s investment strategies to include
acquisitions, development, leasing, value-add activities, and disposition of commercial assets. Prior to his
experience with Penzance, McGrew acted as Managing Director for Argent Ventures and Vice President
of Commercial Acquisitions and Dispositions for Rockrose Development Corp.

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. Parmenter’s
investment strategy utilizes its vertically-integrated platform to increase value on behalf of its investors.

# # #

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