Income Taxes	9 Months Ended
Sep. 30, 2012
Income Taxes [Abstract]
Income Tax	Note L – Income Taxes The Company qualifies and has elected to be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code (the "Code"). The Company will generally not be subject to federal income tax to the extent that it distributes its taxable income to the Company's shareholders, and as long as Parkway satisfies the ongoing REIT requirements including meeting certain asset, income and stock ownership tests. The Company has elected to treat certain consolidated subsidiaries as taxable REIT subsidiaries, which are tax paying entities for income tax purposes and are taxed separately from the Company. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Parkway's provision for income taxes for the nine months ended September 30, 2012 and 2011, was $859,000 and $414,000, respectively of current federal and state income tax expense resulting from taxable REIT subsidiary income. In connection with the purchase accounting for the Management Company, the Company recorded deferred tax liabilities of $14.8 million representing differences between the tax basis and GAAP basis of the acquired assets and liabilities (primarily related to the Management Company contracts) multiplied by the effective tax rate. The Company was required to record these deferred tax liabilities as a result of the Management Company operating as a C corporation at the time it was acquired. At September 30, 2012, the deferred tax liability totaled $13.6 million and the deferred income tax benefit recorded for the nine months ended September 30, 2012 was $717,000.

Income Taxes

9 Months Ended

Sep. 30, 2012

Note L – Income Taxes

The Company qualifies and has elected to be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code (the "Code"). The Company will generally not be subject to federal income tax to the extent that it distributes its taxable income to the Company's shareholders, and as long as Parkway satisfies the ongoing REIT requirements including meeting certain asset, income and stock ownership tests.

The Company has elected to treat certain consolidated subsidiaries as taxable REIT subsidiaries, which are tax paying entities for income tax purposes and are taxed separately from the Company. Taxable REIT subsidiaries may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates.

Parkway's provision for income taxes for the nine months ended September 30, 2012 and 2011, was $859,000 and $414,000, respectively of current federal and state income tax expense resulting from taxable REIT subsidiary income.

In connection with the purchase accounting for the Management Company, the Company recorded deferred tax liabilities of $14.8 million representing differences between the tax basis and GAAP basis of the acquired assets and liabilities (primarily related to the Management Company contracts) multiplied by the effective tax rate. The Company was required to record these deferred tax liabilities as a result of the Management Company operating as a C corporation at the time it was acquired. At September 30, 2012, the deferred tax liability totaled $13.6 million and the deferred income tax benefit recorded for the nine months ended September 30, 2012 was $717,000.