Parmenter Sells 8300 Douglas

FOR IMMEDIATE RELEASE

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

Parmenter Sells 8300 Douglas

DALLAS, TX – Parmenter Realty Partners finalized the sale of 8300 Douglas on Monday for an
undisclosed amount. 8300 Douglas, one of the firm’s Dallas assets located in Preston Center, is occupied
by the Match.com corporate offices among other tenants.

After Parmenter’s acquisition of the 100,893-square-foot, four-story office tower, the company planned
and executed a $3.8 million revitalization project that included the creation of the main lobby, a new
entrance and façade, new tenant finishes throughout, and an upgraded parking garage.

“Parmenter undertook significant renovations when we bought 8300 Douglas – a building that was only
41% occupied and had just two functioning elevators,” said Parmenter’s Managing Principal, Steve
Bronner. “The success of the project took the building from a distressed, Class C state to the Class A
competitive asset that it is today. After our renovations, interest in the building changed right away.”

Soon after the completion of Parmenter’s improvements, a major tenant signed a lease for more than 50%
of the building. Parmenter has put concerted efforts into improving the building’s sustainability efforts
and management practices that have earned the building BOMA 360 status, Energy Star certification, and
a TOBY building of the year award.

Parmenter was represented by Evan Stone of Jones Lang LaSalle while the buyer was represented by
PegasusAblon. Following the sale of 8300 Douglas, Parmenter’s Dallas properties include Las Colinas I
& II, Rochelle Park, Park Central 7 8 9, Two Forest Plaza, VHA Place, and the Bank of America Plano
building as it continues to seek out new acquisitions for its Fund IV portfolio.

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 also operates regional offices in Dallas and Atlanta. 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.