MoFo Represents Parkway Management Team in Connection with Parkway’s $1.2B Acquisition by CPPIB

06/30/2017

Patrick D. Huard, Andrew P. Campbell, Shane M. Shelley, and Domnick Bozzetti

Corporate and REITs

MoFo News Item

Morrison & Foerster LLP is representing the management team at Parkway, Inc. (NYSE: PKY), a real estate investment trust (REIT), in connection with the $1.2 billion acquisition of Parkway by Canada Pension Plan Investment Board (CPPIB). The transaction is not subject to a financing condition and is expected to close in the fourth quarter of 2017, subject to customary closing conditions, including approval by Parkway's stockholders.  Parkway is a real estate investment trust (REIT) which owns the largest office portfolio in Houston, totaling approximately 8.7 million square feet across 19 properties.

MoFo’s nationally recognized REIT practice is actively involved in advising REITs and REIT sponsors, contributors, investors, investment advisers, underwriters, and institutional lenders on all aspects of REIT activity. Recent REITs our attorneys have advised include: UDR, Inc. (NYSE: UDR), Education Realty trust, Inc. (NYSE: EDR), Plymouth Industrial REIT, Inc. (NYSE MKT: PLYM), Jernigan Capital, Inc. (NYSE: JCAP), MedEquities Realty Trust, Inc. (NYSE: MRT), and Armada Hoffler Properties, Inc. (NYSE: AHH).

The MoFo team was led by Patrick Huard, Andy Campbell, Shane Shelley and Domnick Bozzetti.

Read Parkway’s related press release.

Select media coverage:

  • Law360: “Sullivan Guides CPPIB In $1.2B Deal For Houston REIT” (June 30, 2017)
  • Houston Business Journal: “Parkway Inc. To Be Acquired in $1.2B Deal” (June 30, 2017)

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