Parmenter Realty Partners Has Fully Divested All Assets In Parmenter Realty Fund II

FOR IMMEDIATE RELEASE

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

Parmenter Realty Partners Has Fully Divested All Assets In Parmenter Realty Fund II

MIAMI, Fla., August 13, 2013 – Parmenter Realty Partners announces that it has recently fully divested all assets in Parmenter Realty Fund II, L.P. through the sale of its last asset, Gwinnett Commerce Center, a 213,500 square foot, Class A property in Duluth, Georgia.

“We are pleased to have wrapped up the investment cycle of Fund II,” said Darryl W. Parmenter, Chairman and Chief Executive Officer of Parmenter Realty Partners. “The feedback from our investors has been very positive. The firm continues to expand and capitalize on value added opportunities in our markets.”

Parmenter Realty Partners launched Fund II in 2003. Stanford Management and MacArthur Foundation were major investors in Fund II as well as subsequent Funds. The firm has been experiencing significant growth in the last couple of years, and is actively selling and acquiring properties on behalf of Parmenter Realty Fund III and Parmenter Realty Fund IV.

Parmenter Realty Partners is a real estate investment, management and development company, headquartered in Miami, Florida, with regional offices in Dallas, Atlanta and Washington, D.C. Parmenter operates a series of institutional investment funds focused on the southern and mid-Atlantic regions of the U.S.

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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.