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Management and Board

Management and Board

Management

James R. Heistand
President and Chief Executive Officer
Mr. Heistand is the President and Chief Executive Officer of New Parkway and will also serve as a director of New Parkway. Mr. Heistand served as the president and chief executive officer of Parkway from December 2011 until its merger with Cousins in, 2016. He also served as a director of Parkway from June 2011 until its merger with Cousins in, 2016, and served as executive chairman of the Parkway board of directors from June 2011 through November 2011. Prior to joining Parkway, Mr. Heistand founded and served as chairman of Eola Capital, a privately owned property management company, since its inception in 2000. Mr. Heistand served as Chairman of the DASCO Companies LLC, a medical real estate company focusing on medical office buildings and outpatient medical facilities, from 1999 until its sale to CNL Retirement Properties, Inc. in 2004 and as founder and Chairman of Associated Capital Properties, a real estate investment and management company, from 1989 until its sale to Highwoods Properties, Inc. (“Highwoods”) (NYSE: HIW) in 1998. He served on the board of directors of Highwoods, a publicly traded office REIT, from 1998 to 2000 and served as Highwoods’ senior vice president from 1997 to 1998. Mr. Heistand currently serves on the board of directors of United Legacy Bank in Orlando, Florida, and is a member of the chairman’s circle of the real estate advisory board for the Warrington College of Business Administration at the University of Florida. Mr. Heistand graduated from the University of Florida with a B.S. in Real Estate Finance. Mr. Heistand has more than 25 years of experience in real estate strategic planning, investment, development and asset management. As a real estate entrepreneur, he has a track record of success built on identifying opportunities, assessing risk, structuring transactions with investment partners, and optimizing returns. His significant experience in all areas of real estate operation, financing and investment, as well as his prior experience with the assets previously owned by Parkway and extensive relationships with real estate industry entrepreneurs, investors, owners and financiers is beneficial in implementing New Parkway’s strategy.
M. Jayson Lipsey
Executive Vice President & Chief Operating Officer
Mr. Lipsey will be the Executive Vice President and chief operating officer of New Parkway. Mr. Lipsey served as Parkway’s executive vice president and chief operating officer of Parkway from October 2011 until its merger with Cousins in, 2016. He served as senior vice president and fund manager from May 2010 through October 2011 and as vice president and fund manager of Parkway from May 2008 through May 2010. Mr. Lipsey received a B.S. from Washington and Lee University and an M.B.A. from the Darden Graduate School of Business at the University of Virginia. Prior to attending graduate school, Mr. Lipsey served as regional property manager for Parkway from 2004 to 2005 and as asset manager from 2005 to 2006.
Scott E. Francis
Executive Vice President & Chief Financial Officer
Mr. Francis will be the Executive Vice President and Chief Financial Officer of New Parkway. Mr. Francis served as executive vice president of Parkway from December 2014 until its merger with Cousins in, 2016 and chief accounting officer of Parkway from September 2013 until its merger with Cousins in , 2016. He served as senior vice president from September 2013 to December 2014 and as vice president of strategy and administration from July 2012 to September 2013. He served as managing director of Banyan Street Capital, a private real estate investment firm, from May 2011 to July 2012, and as chief financial officer and chief accounting officer for Eola Capital from September 2005 to May 2011. From June 2004 to September 2005, Mr. Francis was the director of finance for Insurance Office of America, a private insurance agency, and from May 1998 to May 2004, he worked in public accounting as a tax manager for middle-market companies focusing primarily in construction and real estate. Mr. Francis received a B.S. from the University of Florida and is a licensed Certified Public Accountant.
Jason A. Bates
Executive Vice President & Chief Investment Officer
Mr. Bates will be the Executive Vice President and Chief Investment Officer of New Parkway. Mr. Bates served as Parkway’s executive vice president and chief investment officer from September 2014 until its merger with Cousins in, 2016. He served as Parkway’s senior vice president, head of transactions from November 2013 to September 2014 and as vice president of investments from December 2011 to November 2013. He served as vice president of finance and investments for Cogdell Spencer, a publicly traded REIT focused on the healthcare space, from January 2007 to December 2011 and, prior to that, in the real estate investment banking group at Bank of America Securities from February 2005 to December 2006. Mr. Bates received a B.A. from Virginia Tech.
Joel Anderson
Vice President & Director of Information Technology
Joel joined the Parkway team in November of 2013 and currently serves the organization as Vice President and Director of Information Technology. Joel brings a unique blend of experiences to the organization, working for more than eight years in multifamily and commercial real estate organizations and twelve years in the high-tech and technology services sector. Prior to joining Parkway Joel served as Vice President of Information Technology with Resource Real Estate in Philadelphia, PA and was a founding member of the Company’s Operations and Property Management organization, Resource Residential in 2007. During his tenure with Resource Real Estate Joel’s technology initiatives were a significant factor in driving the growth of the organization and its technology platform which resulted in significant expansion of the Company’s residential portfolio from 2007 to 2013. Previously, in 2005 Joel joined the leadership team of America First Apartment Investors (APRO), a public REIT and owner and operator of class A multifamily and commercial properties focused primarily in markets in the southeast, Midwest and western US. Joel served as Director of Technology at APRO, and facilitated the successful spin-off of APRO from its parent organization, Burlington Capital Group, and was instrumental in the eventual sale and transition of the Company’s portfolio to Sentinel Real Estate at a significant premium over valuation. Before entering the real estate sector, Joel served in high-tech and technology services organizations and gained extensive experience in rapid-growth technology start-ups and spin-off organizations. Joel’s technology leadership experiences include roles at Data Transmission Network, Inc. in Omaha Nebraska – a provider of satellite-delivered information services; Director of Advanced Development with EarthScan Network Inc. - a space imaging joint venture for defense and commercial applications with Photon Research Associates in Albuquerque NM; and Director of Engineering for SpeedNet Services LLC - a successful early-innovator of terrestrial wireless network services providing long-range broadband network services in the Midwest and Western US.
Thomas E. Blalock
Vice President, Finance & Capital Markets
• Vice President, Finance and Capital Markets since 2013
• Vice President of Investor Relations, 2010 to 2013
• Fund Analyst, 2008 to 2010
• Senior Investment Analyst, 2007 to 2008
• Acquisitions Analyst, 2005 to 2007
• Master of Business Administration, Mississippi College, 2006
• Bachelor of Science in Business Administration, Mississippi College, 2004

In his current role of Vice President of Finance and Capital Markets, Thomas is responsible for the Company’s debt and equity capital markets activity. He also assists with corporate analysis, forecasting, financial reporting and strategic planning. Thomas joined Parkway in 2003 as an intern and was later hired as an Acquisitions Analyst in 2005. Thomas was promoted to Senior Investment Analyst in 2007 and to Fund Analyst in 2008. As an analyst for the Company, Thomas underwrote potential investments, led due diligence efforts for new acquisitions, and prepared quarterly financial reporting documents and business plans for the Company’s discretionary fund investments. Thomas also was a participant in the Company’s Boot Camp Program where he gained experience in management and leasing of office properties. In February 2010, he was promoted to Director of Investor Relations and became an officer of the Company in November 2010. As Vice President of Investor Relations, Thomas’s duties included managing communications between the Company and its current and potential investors, analysts, and other Parkway constituents. Thomas graduated from Mississippi College, where he received both his Bachelor and Master Degree in Business Administration. While at Mississippi College, he played on the Men’s Varsity Tennis Team and was named to the American Southwest Conference All-Conference Team and All-Conference Academic Team. While pursuing his MBA at Mississippi College, Thomas was also the Graduate Assistant Coach for the Men’s and Women’s Tennis Team.
Michael L. Fransen
Senior Vice President & Managing Director
• Senior Vice President
• Managing Director since 2008
• MBA, Yale School of Management, 2006
• BS, United States Military Academy, 1999
• Real Estate Broker, Texas
• Board Member, NAIOP Houston since 2014

Mike joined Parkway in 2006 and is currently responsible for Parkway's Houston and Austin operations, which includes an over 7 million square foot office portfolio. In this capacity, he oversees all day-to-day operations for the region including property management, construction management, leasing, and budgeting. Additionally, Mike serves as the Designated Broker for Parkway in Texas and is responsible for the company's leasing efforts in the market. Prior to Parkway, Mike spent five years serving in the US Army where he worked in finance with assignments in Kosovo and with the Defense Intelligence Agency. He received a Master of Business Administration from Yale University's School of Management and a Bachelor of Science in Systems Engineering from West Point. Away from the office, Mike enjoys anything active and outdoors and spending time with his wife and two daughters.
Jack Gregoire
Vice President & Director of Operations
• VP and Director of Operations
• Over 25 years commercial real estate experience
• Certified Property Manager (CPM)
• Texas Real Estate Salesperson
• Bachelor of Environmental Design, Texas A&M University, 1983
• Master of Urban Planning, Texas A&M University, 1985

Jack joined Parkway in 2014 and is currently responsible for assisting with the oversight of Parkway's Houston and Austin operations, which includes a 7 million square foot office portfolio. In this capacity, he assists in the oversight of all day-to-day operations for the region including property management, construction management, engineering and budgeting. Jack began his property management career in 1990 with Hines in Houston. While at Hines, Jack contributed to the management of more than 16 million square feet of commercial office and industrial real estate in Houston, Dallas, Phoenix and Albuquerque. Jack left Hines as Vice President, Property Management in 2012 to assume the Director of Operations position with Boxer Property Management Corp. headquartered in Houston. While there, Jack was responsible for the oversight of the property management and security divisions for Boxer’s 8 million square foot Houston portfolio as well as the asset management, space planning/design, construction management, HVAC/Electrical and engineering project management departments for Boxer’s national portfolio consisting of 105 properties totaling 11.5 million square feet. In his leisure, Jack devotes his time to activities with his wife, their children and grandchildren, pursuing his hotrod hobby and following Texas Aggie sports activities.
A. Noni Holmes-Kidd
Vice President & General Counsel
• Vice President and General Counsel
• J.D. from the University of Virginia School of Law
• B.A. from Emory University

Noni joined Parkway in 2014. Prior to joining Parkway, Noni worked in the corporate securities group at Hogan Lovells US LLP in Washington, D.C. for five years, and following her time at Hogan, was an associate at Promontory Financial Group, a financial services consulting firm, in Washington, D.C. Noni earned a B.A. from Emory University and a J.D. from the University of Virginia School of Law. In 2013, Noni was named to the Lawyers of Color 2013 Hot List for the Mid-Atlantic Region. She is a member of the Emory University Wise Heart Society and serves as an Ambassador for the Smithsonian National Museum of African-American History and Culture.
John M. Kosciulek
Vice President, Property Accounting
• Vice President of Property Accounting since February 2013
• Director of Third Party Accounting May, 2011 – February 2013
• Director of Third Party Accounting July, 2009 – May, 2011
• Controller February 2005 – July, 2009
• Assistant Controller October 2001 – February, 2005
• BS, University of Kansas, 1999

John comes to Parkway Properties, Inc. through the acquisition of Eola Capital LLC. With Eola, he was responsible for the company’s day-to-day accounting functions which included equity reporting, cash flow projections, acquisition and disposition accounting, budgeting, annual financial audits and management of approximately 25 JV operating portfolios throughout the southeast. John has 13 years of real estate experience. He came to Eola in late 2001 as the Assistant Controller. Prior to joining Eola, John worked for a privately owned real estate development and investment firm in Chicago working on office and retail projects. In his current role, John continues to manage the day to day accounting functions of the property portfolios with Parkway. He is responsible for communication and reporting to the institutional equity partners and manages their expectations on all accounting and cash issues. John strives to establish uniformed procedures through the company’s best practice team. In his leisure time, John enjoys spending time with his two children, playing golf, rooting for his alma mater and fishing.
Knicks Lau
Vice President & Corporate Controller
Knicks joined Parkway in 2013. He graduated from the University of Florida with a Masters of Accounting in 2005, and is a licensed Certified Public Accountant in the state of Florida. Prior to joining Parkway, he was an Assurance Manager with PwC.
Colin Rosenbaum
Vice President & Corporate Controller
Colin Rosenbaum joined Parkway in January of 2013. In his role as VP of Investments, Colin supports the company’s acquisition, development and disposition activities. Since joining Parkway Colin has completed over $3BN in acquisitions and $1BN in dispositions, including the $1.2BN acquisition of Thomas Properties, the $475MM acquisition of the Southern U.S. Office Portfolio, and the $147MM acquisition of One Buckhead Plaza. Prior to his time with Parkway, Colin worked for several institutional real estate owners and developers in New York City. Colin graduated cum laude from City University of New York’s Baruch College.

Board of Directors

James A. Thomas
Chairman
Mr. Thomas is our Chairman of the Board of Directors and served as chairman of Parkway’s board of directors from December 2013 until its merger with Cousins in , 2016. Mr. Thomas previously served as chairman of the board of directors, president and chief executive officer of TPGI, a real estate company that owned, acquired, developed and managed primarily office properties, from its formation in March 2004 to December 19, 2013, when TPGI merged with Parkway. Mr. Thomas founded TPGI’s predecessor group of entities and served as the chairman of its board of directors and chief executive officer from 1996 until the commencement of TPGI’s operations in October 2004. From 1983 to 1996, Mr. Thomas served as a co-managing partner of Maguire Thomas Partners, a national full-service real estate operating company which included TPGI’s predecessor group of entities. Mr. Thomas also served as chief executive officer and principal owner of the Sacramento Kings National Basketball Association team and the ARCO Arena from 1992 to 1999. Mr. Thomas serves on the boards of a number of philanthropic and educational organizations. Mr. Thomas received his B.A. in Economics and Political Science with honors from Baldwin Wallace College and his J.D. magna cum laude from Cleveland Marshall Law School. Mr. Thomas has over 50 years of experience in the real estate industry and has extensive knowledge of the industry, as well as extensive business relationships with investors, financial institutions and peer companies.

In connection with the Merger Agreement, Parkway and Parkway LP entered into the Thomas Letter Agreement with Mr. Thomas, and certain unitholders of Parkway LP who are affiliated with Mr. Thomas. Pursuant to the Thomas Letter Agreement, among other things, Parkway agreed, subject to certain continuing equity ownership requirements, to nominate Mr. Thomas for election to the board of directors at the 2017 annual meeting of stockholders of New Parkway (and, if elected, to cause him to be reappointed as chairman for three one-year terms expiring at the 2020 annual meeting of stockholders).
Avi Banyasz
Mr. Banyasz served as a director of Parkway’s board of directors from June 2012 until its merger with Cousins in , 2016. Mr. Banyasz is a TPG partner (“TPG” means TPG Global, LLC, together with its affiliates), based in New York and co-leads TPG’s Real Estate Group. Prior to joining TPG in 2011, Mr. Banyasz served as a Managing Principal and member of the investment committee of Westbrook Partners, a real estate private equity firm where he worked for 13 years. Previously, Mr. Banyasz worked at Bear Stearns & Co. In addition to serving on the board of directors, Mr. Banyasz also serves on the boards of several non-public companies, including M West Properties, Inc., Enlivant LLC (“Enlivant”) of which he is chairman, Evergreen Industrial Properties, Inc. and LifeStorage LP, of which he is the Chairman. Mr. Banyasz received a B.Comm., with High Distinction, from the University of Toronto. Mr. Banyasz is a director nominated by TPG Pantera, and New Parkway is required, pursuant to the New Parkway Stockholders Agreement entered into in connection with the Merger, to nominate him for election to the board of directors. Mr. Banyasz’s extensive experience in real estate investment allows Mr. Banyasz to provide valuable insight to our company and the board of directors, including with respect to our investing activities.
James H. Hance, Jr.
Mr. Hance served as vice chairman of Bank of America Corporation, a financial services holding company from 1994 through January 2005. Mr. Hance also served as chief financial officer of Bank of America from 1988 to April 2004, and as a director for Bank of America from 1999 through January 2005. Mr. Hance served as a director of Cousins from 2005 to 2016 and is currently a director of The Carlyle Group (NASDAQ: CG), Ford Motor Company (NYSE: F) and Acuity Brands (NYSE: AYI). Mr. Hance is a former director of Rayonier, Inc. (NYSE: RYN), EnPro Industries (NYSE: NPO) and Morgan Stanley (NTSE: MS). Mr. Hance’s extensive management, operational and financial expertise, as well as his leadership positions as a chief financial officer and vice chairman of a global financial services company, provides him with broad experience regarding issues facing public companies.
James R. Heistand
Mr. Heistand is the President and Chief Executive Officer of New Parkway and will also serve as a director of New Parkway. Mr. Heistand served as the president and chief executive officer of Parkway from December 2011 until its merger with Cousins in, 2016. He also served as a director of Parkway from June 2011 until its merger with Cousins in, 2016, and served as executive chairman of the Parkway board of directors from June 2011 through November 2011. Prior to joining Parkway, Mr. Heistand founded and served as chairman of Eola Capital, a privately owned property management company, since its inception in 2000. Mr. Heistand served as Chairman of the DASCO Companies LLC, a medical real estate company focusing on medical office buildings and outpatient medical facilities, from 1999 until its sale to CNL Retirement Properties, Inc. in 2004 and as founder and Chairman of Associated Capital Properties, a real estate investment and management company, from 1989 until its sale to Highwoods Properties, Inc. (“Highwoods”) (NYSE: HIW) in 1998. He served on the board of directors of Highwoods, a publicly traded office REIT, from 1998 to 2000 and served as Highwoods’ senior vice president from 1997 to 1998. Mr. Heistand currently serves on the board of directors of United Legacy Bank in Orlando, Florida, and is a member of the chairman’s circle of the real estate advisory board for the Warrington College of Business Administration at the University of Florida. Mr. Heistand graduated from the University of Florida with a B.S. in Real Estate Finance. Mr. Heistand has more than 25 years of experience in real estate strategic planning, investment, development and asset management. As a real estate entrepreneur, he has a track record of success built on identifying opportunities, assessing risk, structuring transactions with investment partners, and optimizing returns. His significant experience in all areas of real estate operation, financing and investment, as well as his prior experience with the assets previously owned by Parkway and extensive relationships with real estate industry entrepreneurs, investors, owners and financiers is beneficial in implementing New Parkway’s strategy.
Frank J. "Tripp" Johnson, III
Mr. Johnson is a Managing Director in TPG’s Real Estate Group, the real estate platform of TPG. Prior to joining TPG in 2011, Mr. Johnson was a vice president with Fortress Investment Group in the real estate group of the Fortress Credit Funds. Prior to Fortress, Mr. Johnson worked in the acquisitions group with SL Green Realty Corp (NYSE: SLG). He holds a B.S. in Finance and Marketing, with Distinction, from the McIntire School of Commerce at the University of Virginia. Mr. Johnson serves on the board of directors of Enlivant, Evergreen Industrial Properties and the Bay Area Division of the March of Dimes. Mr. Johnson is a director nominated by TPG Pantera, and New Parkway is required, pursuant to the New Parkway Stockholders Agreement, to nominate him for election to the board of directors. Mr. Johnson’s extensive experience in real estate investment and service as a director on other boards will allow him to provide valuable insight to our company and our board of directors.
Craig Jones
Mr. Jones practiced law for 10 years with King & Spalding, from 1977 to 1987 where he was a partner in the Real Estate Department in the firm’s Atlanta office. In 1987, he left King & Spalding to join New Market Development Company, an Atlanta-based shopping center developer, where he served as executive vice president in charge of development and financing. In 1992, New Market Development was sold to Cousins. Mr. Jones joined Cousins at that time, and he went on to serve in a number of different positions, including president of the Office Division, chief investment officer and chief administrative officer. Mr. Jones retired from Cousins in 2012. Mr. Jones serves as chairman of the board of directors of the Atlanta Downtown Improvement District, a community improvement district which levies taxes on commercial properties in Downtown Atlanta in order to fund public safety, transportation infrastructure, cleaning and other economic development initiatives. Mr. Jones also served several years as the vice chairman of Central Atlanta Progress, a sister organization of the Atlanta Downtown Improvement District. In addition, Mr. Jones serves as chairman of the board of directors of KIPP Metro Atlanta Collaborative, a nonprofit which operates eight high-performing public charter schools in Atlanta, as well as on the board of directors of Fox Theatre, Inc., which operates and preserves Atlanta’s historic Fox Theatre. Mr. Jones received a BA degree from Washington and Lee University, and he also received a JD degree from the University of Virginia School of Law. Mr. Jones’s broad experience in the real estate industry, as an attorney and as a chief investment officer and chief administrative officer, will allow him to provide valuable insight to our company and our board of directors.
R. Dary Stone
Mr. Stone serves as president and chief executive officer of R. D. Stone Interests, a private real estate investment company. From February 2003 to March 2011, Mr. Stone served as vice chairman of Cousins; from January 2002 to February 2003, he served as president of Cousins’ Texas operations; and from February 2001 to January 2002, he served as president and chief operating officer of Cousins. He was previously a director of Cousins from 2001 to 2003, and from 2011 to 2016, and is currently a director of Tolleson Wealth Management, Inc., a privately held wealth management firm and Tolleson Private Bank. Mr. Stone also serves as Regent of Baylor University and was Baylor University’s Regent Chairman from June 2009 to June 2011. Mr. Stone is a former director of Lone Star Bank, and a former chairman of the Texas Finance Commission. Mr. Stone’s knowledge of the real estate industry, particularly in Texas, and his tenure with Cousins provides valuable knowledge regarding our properties and our market.

Management

James R. Heistand
President and Chief Executive Officer
Mr. Heistand is the President and Chief Executive Officer of New Parkway and will also serve as a director of New Parkway. Mr. Heistand served as the president and chief executive officer of Parkway from December 2011 until its merger with Cousins in, 2016. He also served as a director of Parkway from June 2011 until its merger with Cousins in, 2016, and served as executive chairman of the Parkway board of directors from June 2011 through November 2011. Prior to joining Parkway, Mr. Heistand founded and served as chairman of Eola Capital, a privately owned property management company, since its inception in 2000. Mr. Heistand served as Chairman of the DASCO Companies LLC, a medical real estate company focusing on medical office buildings and outpatient medical facilities, from 1999 until its sale to CNL Retirement Properties, Inc. in 2004 and as founder and Chairman of Associated Capital Properties, a real estate investment and management company, from 1989 until its sale to Highwoods Properties, Inc. (“Highwoods”) (NYSE: HIW) in 1998. He served on the board of directors of Highwoods, a publicly traded office REIT, from 1998 to 2000 and served as Highwoods’ senior vice president from 1997 to 1998. Mr. Heistand currently serves on the board of directors of United Legacy Bank in Orlando, Florida, and is a member of the chairman’s circle of the real estate advisory board for the Warrington College of Business Administration at the University of Florida. Mr. Heistand graduated from the University of Florida with a B.S. in Real Estate Finance. Mr. Heistand has more than 25 years of experience in real estate strategic planning, investment, development and asset management. As a real estate entrepreneur, he has a track record of success built on identifying opportunities, assessing risk, structuring transactions with investment partners, and optimizing returns. His significant experience in all areas of real estate operation, financing and investment, as well as his prior experience with the assets previously owned by Parkway and extensive relationships with real estate industry entrepreneurs, investors, owners and financiers is beneficial in implementing New Parkway’s strategy.
M. Jayson Lipsey
Executive Vice President & Chief Operating Officer
Mr. Lipsey will be the Executive Vice President and chief operating officer of New Parkway. Mr. Lipsey served as Parkway’s executive vice president and chief operating officer of Parkway from October 2011 until its merger with Cousins in, 2016. He served as senior vice president and fund manager from May 2010 through October 2011 and as vice president and fund manager of Parkway from May 2008 through May 2010. Mr. Lipsey received a B.S. from Washington and Lee University and an M.B.A. from the Darden Graduate School of Business at the University of Virginia. Prior to attending graduate school, Mr. Lipsey served as regional property manager for Parkway from 2004 to 2005 and as asset manager from 2005 to 2006.
Scott E. Francis
Executive Vice President & Chief Financial Officer
Mr. Francis will be the Executive Vice President and Chief Financial Officer of New Parkway. Mr. Francis served as executive vice president of Parkway from December 2014 until its merger with Cousins in, 2016 and chief accounting officer of Parkway from September 2013 until its merger with Cousins in , 2016. He served as senior vice president from September 2013 to December 2014 and as vice president of strategy and administration from July 2012 to September 2013. He served as managing director of Banyan Street Capital, a private real estate investment firm, from May 2011 to July 2012, and as chief financial officer and chief accounting officer for Eola Capital from September 2005 to May 2011. From June 2004 to September 2005, Mr. Francis was the director of finance for Insurance Office of America, a private insurance agency, and from May 1998 to May 2004, he worked in public accounting as a tax manager for middle-market companies focusing primarily in construction and real estate. Mr. Francis received a B.S. from the University of Florida and is a licensed Certified Public Accountant.
Jason A. Bates
Executive Vice President & Chief Investment Officer
Mr. Bates will be the Executive Vice President and Chief Investment Officer of New Parkway. Mr. Bates served as Parkway’s executive vice president and chief investment officer from September 2014 until its merger with Cousins in, 2016. He served as Parkway’s senior vice president, head of transactions from November 2013 to September 2014 and as vice president of investments from December 2011 to November 2013. He served as vice president of finance and investments for Cogdell Spencer, a publicly traded REIT focused on the healthcare space, from January 2007 to December 2011 and, prior to that, in the real estate investment banking group at Bank of America Securities from February 2005 to December 2006. Mr. Bates received a B.A. from Virginia Tech.
Joel Anderson
Vice President & Director of Information Technology
Joel joined the Parkway team in November of 2013 and currently serves the organization as Vice President and Director of Information Technology. Joel brings a unique blend of experiences to the organization, working for more than eight years in multifamily and commercial real estate organizations and twelve years in the high-tech and technology services sector. Prior to joining Parkway Joel served as Vice President of Information Technology with Resource Real Estate in Philadelphia, PA and was a founding member of the Company’s Operations and Property Management organization, Resource Residential in 2007. During his tenure with Resource Real Estate Joel’s technology initiatives were a significant factor in driving the growth of the organization and its technology platform which resulted in significant expansion of the Company’s residential portfolio from 2007 to 2013. Previously, in 2005 Joel joined the leadership team of America First Apartment Investors (APRO), a public REIT and owner and operator of class A multifamily and commercial properties focused primarily in markets in the southeast, Midwest and western US. Joel served as Director of Technology at APRO, and facilitated the successful spin-off of APRO from its parent organization, Burlington Capital Group, and was instrumental in the eventual sale and transition of the Company’s portfolio to Sentinel Real Estate at a significant premium over valuation. Before entering the real estate sector, Joel served in high-tech and technology services organizations and gained extensive experience in rapid-growth technology start-ups and spin-off organizations. Joel’s technology leadership experiences include roles at Data Transmission Network, Inc. in Omaha Nebraska – a provider of satellite-delivered information services; Director of Advanced Development with EarthScan Network Inc. - a space imaging joint venture for defense and commercial applications with Photon Research Associates in Albuquerque NM; and Director of Engineering for SpeedNet Services LLC - a successful early-innovator of terrestrial wireless network services providing long-range broadband network services in the Midwest and Western US.
Thomas E. Blalock
Vice President, Finance & Capital Markets
• Vice President, Finance and Capital Markets since 2013
• Vice President of Investor Relations, 2010 to 2013
• Fund Analyst, 2008 to 2010
• Senior Investment Analyst, 2007 to 2008
• Acquisitions Analyst, 2005 to 2007
• Master of Business Administration, Mississippi College, 2006
• Bachelor of Science in Business Administration, Mississippi College, 2004

In his current role of Vice President of Finance and Capital Markets, Thomas is responsible for the Company’s debt and equity capital markets activity. He also assists with corporate analysis, forecasting, financial reporting and strategic planning. Thomas joined Parkway in 2003 as an intern and was later hired as an Acquisitions Analyst in 2005. Thomas was promoted to Senior Investment Analyst in 2007 and to Fund Analyst in 2008. As an analyst for the Company, Thomas underwrote potential investments, led due diligence efforts for new acquisitions, and prepared quarterly financial reporting documents and business plans for the Company’s discretionary fund investments. Thomas also was a participant in the Company’s Boot Camp Program where he gained experience in management and leasing of office properties. In February 2010, he was promoted to Director of Investor Relations and became an officer of the Company in November 2010. As Vice President of Investor Relations, Thomas’s duties included managing communications between the Company and its current and potential investors, analysts, and other Parkway constituents. Thomas graduated from Mississippi College, where he received both his Bachelor and Master Degree in Business Administration. While at Mississippi College, he played on the Men’s Varsity Tennis Team and was named to the American Southwest Conference All-Conference Team and All-Conference Academic Team. While pursuing his MBA at Mississippi College, Thomas was also the Graduate Assistant Coach for the Men’s and Women’s Tennis Team.
Michael L. Fransen
Senior Vice President & Managing Director
• Senior Vice President
• Managing Director since 2008
• MBA, Yale School of Management, 2006
• BS, United States Military Academy, 1999
• Real Estate Broker, Texas
• Board Member, NAIOP Houston since 2014

Mike joined Parkway in 2006 and is currently responsible for Parkway's Houston and Austin operations, which includes an over 7 million square foot office portfolio. In this capacity, he oversees all day-to-day operations for the region including property management, construction management, leasing, and budgeting. Additionally, Mike serves as the Designated Broker for Parkway in Texas and is responsible for the company's leasing efforts in the market. Prior to Parkway, Mike spent five years serving in the US Army where he worked in finance with assignments in Kosovo and with the Defense Intelligence Agency. He received a Master of Business Administration from Yale University's School of Management and a Bachelor of Science in Systems Engineering from West Point. Away from the office, Mike enjoys anything active and outdoors and spending time with his wife and two daughters.
Jack Gregoire
Vice President & Director of Operations
• VP and Director of Operations
• Over 25 years commercial real estate experience
• Certified Property Manager (CPM)
• Texas Real Estate Salesperson
• Bachelor of Environmental Design, Texas A&M University, 1983
• Master of Urban Planning, Texas A&M University, 1985

Jack joined Parkway in 2014 and is currently responsible for assisting with the oversight of Parkway's Houston and Austin operations, which includes a 7 million square foot office portfolio. In this capacity, he assists in the oversight of all day-to-day operations for the region including property management, construction management, engineering and budgeting. Jack began his property management career in 1990 with Hines in Houston. While at Hines, Jack contributed to the management of more than 16 million square feet of commercial office and industrial real estate in Houston, Dallas, Phoenix and Albuquerque. Jack left Hines as Vice President, Property Management in 2012 to assume the Director of Operations position with Boxer Property Management Corp. headquartered in Houston. While there, Jack was responsible for the oversight of the property management and security divisions for Boxer’s 8 million square foot Houston portfolio as well as the asset management, space planning/design, construction management, HVAC/Electrical and engineering project management departments for Boxer’s national portfolio consisting of 105 properties totaling 11.5 million square feet. In his leisure, Jack devotes his time to activities with his wife, their children and grandchildren, pursuing his hotrod hobby and following Texas Aggie sports activities.
A. Noni Holmes-Kidd
Vice President & General Counsel
• Vice President and General Counsel
• J.D. from the University of Virginia School of Law
• B.A. from Emory University

Noni joined Parkway in 2014. Prior to joining Parkway, Noni worked in the corporate securities group at Hogan Lovells US LLP in Washington, D.C. for five years, and following her time at Hogan, was an associate at Promontory Financial Group, a financial services consulting firm, in Washington, D.C. Noni earned a B.A. from Emory University and a J.D. from the University of Virginia School of Law. In 2013, Noni was named to the Lawyers of Color 2013 Hot List for the Mid-Atlantic Region. She is a member of the Emory University Wise Heart Society and serves as an Ambassador for the Smithsonian National Museum of African-American History and Culture.
John M. Kosciulek
Vice President, Property Accounting
• Vice President of Property Accounting since February 2013
• Director of Third Party Accounting May, 2011 – February 2013
• Director of Third Party Accounting July, 2009 – May, 2011
• Controller February 2005 – July, 2009
• Assistant Controller October 2001 – February, 2005
• BS, University of Kansas, 1999

John comes to Parkway Properties, Inc. through the acquisition of Eola Capital LLC. With Eola, he was responsible for the company’s day-to-day accounting functions which included equity reporting, cash flow projections, acquisition and disposition accounting, budgeting, annual financial audits and management of approximately 25 JV operating portfolios throughout the southeast. John has 13 years of real estate experience. He came to Eola in late 2001 as the Assistant Controller. Prior to joining Eola, John worked for a privately owned real estate development and investment firm in Chicago working on office and retail projects. In his current role, John continues to manage the day to day accounting functions of the property portfolios with Parkway. He is responsible for communication and reporting to the institutional equity partners and manages their expectations on all accounting and cash issues. John strives to establish uniformed procedures through the company’s best practice team. In his leisure time, John enjoys spending time with his two children, playing golf, rooting for his alma mater and fishing.
Knicks Lau
Vice President & Corporate Controller
Knicks joined Parkway in 2013. He graduated from the University of Florida with a Masters of Accounting in 2005, and is a licensed Certified Public Accountant in the state of Florida. Prior to joining Parkway, he was an Assurance Manager with PwC.
Colin Rosenbaum
Vice President & Corporate Controller
Colin Rosenbaum joined Parkway in January of 2013. In his role as VP of Investments, Colin supports the company’s acquisition, development and disposition activities. Since joining Parkway Colin has completed over $3BN in acquisitions and $1BN in dispositions, including the $1.2BN acquisition of Thomas Properties, the $475MM acquisition of the Southern U.S. Office Portfolio, and the $147MM acquisition of One Buckhead Plaza. Prior to his time with Parkway, Colin worked for several institutional real estate owners and developers in New York City. Colin graduated cum laude from City University of New York’s Baruch College.

Board of Directors

James A. Thomas
Chairman
Mr. Thomas is our Chairman of the Board of Directors and served as chairman of Parkway’s board of directors from December 2013 until its merger with Cousins in , 2016. Mr. Thomas previously served as chairman of the board of directors, president and chief executive officer of TPGI, a real estate company that owned, acquired, developed and managed primarily office properties, from its formation in March 2004 to December 19, 2013, when TPGI merged with Parkway. Mr. Thomas founded TPGI’s predecessor group of entities and served as the chairman of its board of directors and chief executive officer from 1996 until the commencement of TPGI’s operations in October 2004. From 1983 to 1996, Mr. Thomas served as a co-managing partner of Maguire Thomas Partners, a national full-service real estate operating company which included TPGI’s predecessor group of entities. Mr. Thomas also served as chief executive officer and principal owner of the Sacramento Kings National Basketball Association team and the ARCO Arena from 1992 to 1999. Mr. Thomas serves on the boards of a number of philanthropic and educational organizations. Mr. Thomas received his B.A. in Economics and Political Science with honors from Baldwin Wallace College and his J.D. magna cum laude from Cleveland Marshall Law School. Mr. Thomas has over 50 years of experience in the real estate industry and has extensive knowledge of the industry, as well as extensive business relationships with investors, financial institutions and peer companies.

In connection with the Merger Agreement, Parkway and Parkway LP entered into the Thomas Letter Agreement with Mr. Thomas, and certain unitholders of Parkway LP who are affiliated with Mr. Thomas. Pursuant to the Thomas Letter Agreement, among other things, Parkway agreed, subject to certain continuing equity ownership requirements, to nominate Mr. Thomas for election to the board of directors at the 2017 annual meeting of stockholders of New Parkway (and, if elected, to cause him to be reappointed as chairman for three one-year terms expiring at the 2020 annual meeting of stockholders).
Avi Banyasz
Mr. Banyasz served as a director of Parkway’s board of directors from June 2012 until its merger with Cousins in , 2016. Mr. Banyasz is a TPG partner (“TPG” means TPG Global, LLC, together with its affiliates), based in New York and co-leads TPG’s Real Estate Group. Prior to joining TPG in 2011, Mr. Banyasz served as a Managing Principal and member of the investment committee of Westbrook Partners, a real estate private equity firm where he worked for 13 years. Previously, Mr. Banyasz worked at Bear Stearns & Co. In addition to serving on the board of directors, Mr. Banyasz also serves on the boards of several non-public companies, including M West Properties, Inc., Enlivant LLC (“Enlivant”) of which he is chairman, Evergreen Industrial Properties, Inc. and LifeStorage LP, of which he is the Chairman. Mr. Banyasz received a B.Comm., with High Distinction, from the University of Toronto. Mr. Banyasz is a director nominated by TPG Pantera, and New Parkway is required, pursuant to the New Parkway Stockholders Agreement entered into in connection with the Merger, to nominate him for election to the board of directors. Mr. Banyasz’s extensive experience in real estate investment allows Mr. Banyasz to provide valuable insight to our company and the board of directors, including with respect to our investing activities.
James H. Hance, Jr.
Mr. Hance served as vice chairman of Bank of America Corporation, a financial services holding company from 1994 through January 2005. Mr. Hance also served as chief financial officer of Bank of America from 1988 to April 2004, and as a director for Bank of America from 1999 through January 2005. Mr. Hance served as a director of Cousins from 2005 to 2016 and is currently a director of The Carlyle Group (NASDAQ: CG), Ford Motor Company (NYSE: F) and Acuity Brands (NYSE: AYI). Mr. Hance is a former director of Rayonier, Inc. (NYSE: RYN), EnPro Industries (NYSE: NPO) and Morgan Stanley (NTSE: MS). Mr. Hance’s extensive management, operational and financial expertise, as well as his leadership positions as a chief financial officer and vice chairman of a global financial services company, provides him with broad experience regarding issues facing public companies.
James R. Heistand
Mr. Heistand is the President and Chief Executive Officer of New Parkway and will also serve as a director of New Parkway. Mr. Heistand served as the president and chief executive officer of Parkway from December 2011 until its merger with Cousins in, 2016. He also served as a director of Parkway from June 2011 until its merger with Cousins in, 2016, and served as executive chairman of the Parkway board of directors from June 2011 through November 2011. Prior to joining Parkway, Mr. Heistand founded and served as chairman of Eola Capital, a privately owned property management company, since its inception in 2000. Mr. Heistand served as Chairman of the DASCO Companies LLC, a medical real estate company focusing on medical office buildings and outpatient medical facilities, from 1999 until its sale to CNL Retirement Properties, Inc. in 2004 and as founder and Chairman of Associated Capital Properties, a real estate investment and management company, from 1989 until its sale to Highwoods Properties, Inc. (“Highwoods”) (NYSE: HIW) in 1998. He served on the board of directors of Highwoods, a publicly traded office REIT, from 1998 to 2000 and served as Highwoods’ senior vice president from 1997 to 1998. Mr. Heistand currently serves on the board of directors of United Legacy Bank in Orlando, Florida, and is a member of the chairman’s circle of the real estate advisory board for the Warrington College of Business Administration at the University of Florida. Mr. Heistand graduated from the University of Florida with a B.S. in Real Estate Finance. Mr. Heistand has more than 25 years of experience in real estate strategic planning, investment, development and asset management. As a real estate entrepreneur, he has a track record of success built on identifying opportunities, assessing risk, structuring transactions with investment partners, and optimizing returns. His significant experience in all areas of real estate operation, financing and investment, as well as his prior experience with the assets previously owned by Parkway and extensive relationships with real estate industry entrepreneurs, investors, owners and financiers is beneficial in implementing New Parkway’s strategy.
Frank J. "Tripp" Johnson, III
Mr. Johnson is a Managing Director in TPG’s Real Estate Group, the real estate platform of TPG. Prior to joining TPG in 2011, Mr. Johnson was a vice president with Fortress Investment Group in the real estate group of the Fortress Credit Funds. Prior to Fortress, Mr. Johnson worked in the acquisitions group with SL Green Realty Corp (NYSE: SLG). He holds a B.S. in Finance and Marketing, with Distinction, from the McIntire School of Commerce at the University of Virginia. Mr. Johnson serves on the board of directors of Enlivant, Evergreen Industrial Properties and the Bay Area Division of the March of Dimes. Mr. Johnson is a director nominated by TPG Pantera, and New Parkway is required, pursuant to the New Parkway Stockholders Agreement, to nominate him for election to the board of directors. Mr. Johnson’s extensive experience in real estate investment and service as a director on other boards will allow him to provide valuable insight to our company and our board of directors.
Craig Jones
Mr. Jones practiced law for 10 years with King & Spalding, from 1977 to 1987 where he was a partner in the Real Estate Department in the firm’s Atlanta office. In 1987, he left King & Spalding to join New Market Development Company, an Atlanta-based shopping center developer, where he served as executive vice president in charge of development and financing. In 1992, New Market Development was sold to Cousins. Mr. Jones joined Cousins at that time, and he went on to serve in a number of different positions, including president of the Office Division, chief investment officer and chief administrative officer. Mr. Jones retired from Cousins in 2012. Mr. Jones serves as chairman of the board of directors of the Atlanta Downtown Improvement District, a community improvement district which levies taxes on commercial properties in Downtown Atlanta in order to fund public safety, transportation infrastructure, cleaning and other economic development initiatives. Mr. Jones also served several years as the vice chairman of Central Atlanta Progress, a sister organization of the Atlanta Downtown Improvement District. In addition, Mr. Jones serves as chairman of the board of directors of KIPP Metro Atlanta Collaborative, a nonprofit which operates eight high-performing public charter schools in Atlanta, as well as on the board of directors of Fox Theatre, Inc., which operates and preserves Atlanta’s historic Fox Theatre. Mr. Jones received a BA degree from Washington and Lee University, and he also received a JD degree from the University of Virginia School of Law. Mr. Jones’s broad experience in the real estate industry, as an attorney and as a chief investment officer and chief administrative officer, will allow him to provide valuable insight to our company and our board of directors.
R. Dary Stone
Mr. Stone serves as president and chief executive officer of R. D. Stone Interests, a private real estate investment company. From February 2003 to March 2011, Mr. Stone served as vice chairman of Cousins; from January 2002 to February 2003, he served as president of Cousins’ Texas operations; and from February 2001 to January 2002, he served as president and chief operating officer of Cousins. He was previously a director of Cousins from 2001 to 2003, and from 2011 to 2016, and is currently a director of Tolleson Wealth Management, Inc., a privately held wealth management firm and Tolleson Private Bank. Mr. Stone also serves as Regent of Baylor University and was Baylor University’s Regent Chairman from June 2009 to June 2011. Mr. Stone is a former director of Lone Star Bank, and a former chairman of the Texas Finance Commission. Mr. Stone’s knowledge of the real estate industry, particularly in Texas, and his tenure with Cousins provides valuable knowledge regarding our properties and our market.

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407.650.0593 info@pky.com

Parkway, Inc.
5847 San Felipe Street
Suite 2200
Houston, TX 77057

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