ORLANDO, Fla., Sept. 9, 2014 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today the promotion of Jason A. Bates to Executive Vice President and Chief Investment Officer effective September 8, 2014.
Mr. Bates joined Parkway in 2011 as Vice President of Investments and was promoted to Senior Vice President – Head of Transactions in November 2013. He has been responsible for handling Parkway's acquisition and disposition activities, including sourcing, underwriting and closing transactions. Since joining Parkway, Mr. Bates has led over $3.5 billion of real estate transactions. As Chief Investment Officer, Mr. Bates will be responsible for identifying new investment opportunities for Parkway and managing the investment and disposition strategies for Parkway's current portfolio. Mr. Bates graduated Magna Cum Laude from Virginia Tech in Blacksburg, Virginia.
Logo - http://photos.prnewswire.com/prnh/20030513/PARKLOGO
"Jason's investment acumen has been critical to Parkway's success since his arrival in 2011," stated James R. Heistand, President and Chief Executive Officer of Parkway. "Jason is highly respected within the industry for his resourcefulness and creativity in executing complex real estate transactions and he will be a tremendous asset to Parkway's executive team."
In connection with Mr. Bates' promotion, David R. O'Reilly, Parkway's Executive Vice President and Chief Financial Officer, resigned from his position as Chief Investment Officer effective as of September 8, 2014. Mr. O'Reilly will continue as Executive Vice President and Chief Financial Officer of Parkway.
About Parkway Properties
Parkway Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust specializing in the acquisition, ownership, development and management of quality office properties in higher growth submarkets in the Sunbelt region of the United States. Parkway owns or has an interest in 51 office properties located in eight states with an aggregate of approximately 18.3 million square feet of leasable space at July 1, 2014. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 11.1 million square feet for third-party owners at July 1, 2014.
Contact:
Ted McHugh
Director of Investor Relations
(407) 650-0593
SOURCE Parkway Properties, Inc.
