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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Sat., Feb. 29, 12:41 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #22. Thomas Properties Group, Inc. Parkway Properties, Inc.

Acquirer: Thomas Properties Group, Inc. (TPGI)
Acquiree: Parkway Properties, Inc. (PKY)
Details: Thomas Properties Group, Inc. (NYSE:TPGI) ("Thomas Properties") today announced that at the special meeting of Thomas Properties stockholders held today, stockholders voted overwhelmingly to approve the proposed merger with Parkway Properties, Inc. (NYSE:PKY) ("Parkway"), pursuant to the definitive merger agreement dated September 4, 2013. Approximately 99% of the votes cast at the special meeting of stockholders voted in favor of the approval and adoption of the merger agreement, which represented approximately 87% of the total outstanding shares of Thomas Properties' common stock and limited voting stock, as of the November 11, 2013 record date for the special meeting.

Thomas Properties Group is a holding company. Through its operating partnership, Thomas Properties Group, L.P., Co. operates as a real estate company that owns, acquires, develops and manages primarily office, as well as mixed-use and residential properties. As of Dec 31 2012, Co. owned interests in and asset managed 17 operating properties with 10.3 million rentable square feet and provided leasing, asset and/or property management services on behalf of third parties for an additional five operating properties with 2.6 million rentable square feet. Co.'s properties are located in Southern California and Sacramento, CA; Philadelphia, PA; Northern Virginia; Houston, TX and Austin, TX.

Open the TPGI Page at The Online Investor »

Thomas Properties Group is a holding company. Through its operating partnership, Thomas Properties Group, L.P., Co. operates as a real estate company that owns, acquires, develops and manages primarily office, as well as mixed-use and residential properties. As of Dec 31 2012, Co. owned interests in and asset managed 17 operating properties with 10.3 million rentable square feet and provided leasing, asset and/or property management services on behalf of third parties for an additional five operating properties with 2.6 million rentable square feet. Co.'s properties are located in Southern California and Sacramento, CA; Philadelphia, PA; Northern Virginia; Houston, TX and Austin, TX.

Open the PKY Page at The Online Investor »

Company Name: 
Thomas Properties Group Inc
Website: 
www.tpgre.com
Sector: 
Real Estate
Company Name: 
Parkway Inc
Website: 
www.pky.com
Sector: 
REITs
 

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