Joint Ventures and Funds
20 properties encompassing 3.2 million square feet at January 31, 2008
$798,000 total fee income recognized in 4Q07 from joint ventures/funds
$3 million total fee income recognized year to date from joint ventures/funds
| Three Months Ended December 31, 2007 | ||||||
| Property | Asset | Construction | Non - Recurring | |||
| Mgmt | Mgmt | Mgmt | Leasing | Incentive | Total | |
| Fees | Fees | Fees | Fees | Fees | Fees | |
| Ownership Structure: | ||||||
| 100% Owned Properties | $ 1,778 | $ - | $ - | $ - | $ - | $ 1,778 |
| Parkway Properties Office Fund, LP | 268 | 273 | 15 | 37 | - | 593 |
| Other Consolidated Joint Venture | 38 | - | - | - | - | 38 |
| Unconsolidated Joint Ventures | 159 | - | 5 | 3 | - | 167 |
| Third Party Managed Properties | 207 | - | 11 | 57 | - | 275 |
| Total Fees | $ 2,450 | $ 273 | $ 31 | $ 97 | $ - | $ 2,851 |
| Location of Fees in Financial Statements: | ||||||
| Management Company Income | $ 334 | $ - | $ 16 | $ 59 | $ - | $ 409 |
| Reduction of General & Administrative Expense | 2,116 | - | 15 | 38 | - | 2,169 |
| Eliminated in Consolidation Through Minority Interest | - | 273 | - | - | - | 273 |
| Total Fees | $ 2,450 | $ 273 | $ 31 | $ 97 | $ - | $ 2,851 |
| Year Ended December 31, 2007 | ||||||
| Property | Asset | Construction | Non - Recurring | |||
| Mgmt | Mgmt | Mgmt | Leasing | Incentive | Total | |
| Fees | Fees | Fees | Fees | Fees | Fees | |
| Ownership Structure: | ||||||
| 100% Owned Properties | $ 6,919 | $ - | $ - | $ - | $ - | $ 6,919 |
| Parkway Properties Office Fund, LP | 928 | 1,039 | 143 | 65 | - | 2,175 |
| Other Consolidated Joint Venture | 143 | - | - | - | - | 143 |
| Unconsolidated Joint Ventures | 597 | - | 9 | 47 | 27 | 680 |
| Third Party Managed Properties | 709 | - | 47 | 239 | 50 | 1,045 |
| Total Fees | $ 9,296 | $ 1,039 | $ 199 | $ 351 | $ 77 | $ 10,962 |
| Location of Fees in Financial Statements: | ||||||
| Management Company Income | $ 1,187 | $ - | $ 55 | $ 286 | $ 77 | $ 1,605 |
| Reduction of General & Administrative Expense | 8,109 | - | 144 | 65 | - | 8,318 |
| Eliminated in Consolidation Through Minority Interest | - | 1,039 | - | - | - | 1,039 |
| Total Fees | $ 9,296 | $ 1,039 | $ 199 | $ 351 | $ 77 | $ 10,962 |