Ownership Interest in Real Estate Development Company

Sale of Indirect Equity Interest (26.62% limited partnership interests and a current 0.5% limited partnership interest) in 1200 Arch Street Associates L.P.

1200 Arch Street GP, LLC ("Arch Street"), an affiliate of Parkway Corporation, is the general partner of the Company, with a 0.5% membership interest therein. The Company has a limited partnership interest of 45.823% in a project entity called 1200 Arch Hotel Partners L.P. (the "Project Entity"), with the balance of the limited partnership interests held by unrelated third parties. The Project Entity owns the Home2Suites Hotel by Hilton Philadelphia, a 248 all-suite hotel at 12th and Arch Street in Philadelphia, Pennsylvania (the "Hotel").