Joint Ventures and Funds
21 properties encompassing 3.8 million square feet at April 1, 2008
$1.2 million total fee income recognized in 1Q08 from joint ventures/funds
| Three Months Ended March 31, 2008 | |||||
| Property | Asset | Construction | |||
| Mgmt | Mgmt | Mgmt | Leasing | Total | |
| Fees | Fees | Fees | Fees | Fees | |
| Ownership Structure: | |||||
| Wholly-Owned Properties | $ 1,724 | $ - | $ - | $ - | $ 1,724 |
| Parkway Properties Office Fund, LP | 366 | 421 | 93 | 33 | 913 |
| Other Consolidated Joint Venture | 33 | - | - | - | 33 |
| Unconsolidated Joint Ventures | 146 | - | 22 | 46 | 214 |
| Third Party Managed Properties | 217 | - | 47 | 60 | 324 |
| Total Fees | $ 2,486 | $ 421 | $ 162 | $ 139 | $ 3,208 |
| Location of Fees in Financial Statements: | |||||
| Management Company Income | $ 334 | $ - | $ 65 | $ 98 | $ 497 |
| Reduction of General & Administrative Expense | 2,152 | - | 97 | 41 | 2,290 |
| Eliminated in Consolidation Through Minority Interest | - | 421 | - | - | 421 |
| Total Fees | $ 2,486 | $ 421 | $ 162 | $ 139 | $ 3,208 |