Parkway Announces Increased Capital Recycling Activity And Updates 2015 Outlook
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Parkway Properties (PKY) Completes non-Core Asset Sale; Guides FY15 Reported FFO Below Consensus
October 1, 2015 6:52 AM EDTParkway Properties (NYSE: PKY) announced that it has completed the sale of two additional non-core assets and has reached an agreement to sell 7000 Central Park, located in the Central Perimeter submarket of Atlanta, Georgia. Additionally, the Company completed the purchase of Harborview Plaza, a Class A office property located in the Westshore submarket of Tampa, Florida. As a result of increased net disposition activity, Parkway has also updated its 2015 Funds from Operations (FFO) outlook range.
"Parkway has successfully executed its 2015 capital recycling strategy at both an accelerated pace and at robust economics," stated... More
