Holland Partner Group Welcomes Tom Parsons

Vancouver, Washington— January 13, 2011
Holland Development, a leading developer of multifamily communities in the Western United States, announces the appointment of Tom Parsons as Partner in charge of Holland Development's Pacific Northwest region. Mr. Parsons joins with over 25 years of development experience in the Puget Sound Region. His broad background includes the completion of residential and mixed use projects as well as office, industrial, retail and hi-tech properties. He has been responsible for all aspects of development including site acquisition, development, finance, marketing, leasing, investment sales and asset management.

"It is a pleasure to welcome Tom to the Holland Partner Group," says Clyde Holland, CEO and Chairman of the Holland Partner Group. "Our partnership with Tom started with our Dexter Lake Union entitlement in 2001 and had grown to include M Street on Capital Hill, Ladd Tower in Portland and now 1200 Madison on Capital Hill.

For the past 13 years, Mr. Parsons has been senior vice president and a managing Principal for Opus Northwest in the Pacific Northwest region. During this period, Opus completed many significant projects totaling over 15 million square feet and valued in excess of $1.8 billion. Opus collaborated with the Holland Partner Group on residential projects totaling over 1,000 units, including Seattle's 204 unit Dexter Apartments, the 227 unit mixed use M Street project, Portland's 332 unit high-rise Ladd apartments and most recently 237 units at 1200 Madison in Seattle.

Tom's commitment to both quality development and thoughtful leadership position him well to represent the values Holland has been built on. We look forward to being active participants in the recovery that is underway in Seattle and the Pacific Northwest," says Mr. Holland.

Mr. Parsons professional and community relationships are extensive. He is past president of the National Associate of Office and Industrial Properties and the Kirkland Boys and Girls Clubs, and has been a member of NAIOP, BOMA International, King County Boys and Girls Clubs, ICSC International Council of Shopping Centers and various regional chambers of commerce and business associations for many years.

Tom is a graduate of Principia College in Elsah, Illinois where he received a Bachelor of Arts degree in Business Administration. He has continued his education through the BOMA, RPA program.

About Holland Partner Group
Founded in 2000, The Holland Partner Group is comprised of five operating companies focused on development of new communities, new construction operations, property management, and redevelopment services in conjunction with investment and asset management. The services and resources provided by our partner group allow our strategic alliance partners to invest in core, core plus and value-added communities in our primary Western United States' markets.

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