Case Study Austin Portfolio CBD submarket 2.42M size 757M at purchase 1.06B upon sale Corporate Expertise In December 2013, Legacy Parkway completed the $1.2 billion acquisition of Thomas Properties Group (NYSE: TPGI), a public real estate company with 19 assets in four states. The management team identified Austin as a target market and, through the merger with Thomas Properties Group, Legacy Parkway acquired seven assets, totaling 4.9 million square feet located in Houston and Austin. The Austin portfolio, acquired through the merger, totaled 2.4 million square feet in the Austin CBD submarket. Investment Acumen At the time, Thomas Properties owned assets in Los Angeles, Philadelphia, Austin and Houston. Simultaneously with the closing of the merger, we completed the disposition of 5.3 million square feet of non-core office and land assets in Philadelphia and Los Angeles. Operational Excellence We successfully repositioned One Congress Plaza, one of the assets acquired in the Thomas Properties merger, transforming it into a modern eat-work-play destination in downtown Austin. This award-winning transformation featured the city’s first food hall, a jewel box restaurant, activated the asset, and created significant value for stakeholders. With the help of a team of highly regarded local designers and architects, we leveraged the building’s existing strengths (i.e, the building’s expansive lobby and courtyard) and overall design palette while modernizing the finishes and adding attractive furniture, lighting, and seating. 300 W 6th Street Acquired / Sold Dec 2013 / Nov 2014 Rentable Square Feet 454K At Acquisition 159M Upon Sale 209M Frost Bank Tower Acquired / Sold Dec 2013 / Nov 2014 Rentable Square Feet 535K At Acquisition 213M Upon Sale 259M One American Center Acquired / Sold Dec 2013 / Nov 2014 Rentable Square Feet 504K At Acquisition 107M Upon Sale 175M San Jacinto Center Acquired / Sold Dec 2013 / Oct 2016 Rentable Square Feet 514K At Acquisition 154M Upon Sale 193M One Congress Plaza Acquired / Sold Dec 2013 / Oct 2016 Rentable Square Feet 412K At Acquisition 124M Upon Sale 228M