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Bankrolled by TPG, Parkway Properties Buying Charlotte Office Tower for $250 Million

REIT Using Investment To Restructure Portfolio

Leading global private investment firm TPG has agreed to make a $200 million equity investment in Orlando-based Parkway Properties Inc. (NYSE:PKY) at a price of $11.25 per share, which represents a 12% premium to the 30-day trailing average closing price of Parkway's common stock. The company intends to use the proceeds raised from this investment to pursue acquisitions under its new investment strategy.

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News | Bankrolled by TPG, Parkway Properties Buying Charlotte Office Tower for $250 Million