Management Contracts	3 Months Ended
Mar. 31, 2014
Management Contracts [Abstract]
Management Contracts	Management Contracts During the second quarter of 2011, as part of the Company's combination with Eola Capital LLC ("Eola"), Parkway purchased the management contracts associated with Eola's property management business. At December 31, 2012, the contracts were valued by an independent appraiser at $19.0 million. The value of the management contracts is based on the sum of the present value of future cash flows attributable to the management contracts, in addition to the value of tax savings as a result of the amortization of intangible assets. During the three months ended March 31, 2014, the Company recorded amortization expense of $1.8 million on the management contracts. At March 31, 2014, the carrying value of these management contracts, net of accumulated amortization, totaled $10.1 million. Parkway assumed a management contract as part of the Company's merger with TPGI. At December 19, 2013, the date of the Mergers, the contract was valued by an independent appraiser at $1.9 million. During the three months ended March 31, 2014, the Company recorded amortization expense of $189,000 on this management contract. At March 31, 2014, the carrying value of this management contract, net of accumulated amortization, totaled $1.7 million.

Management Contracts

During the second quarter of 2011, as part of the Company's combination with Eola Capital LLC ("Eola"), Parkway purchased the management contracts associated with Eola's property management business. At December 31, 2012, the contracts were valued by an independent appraiser at $19.0 million. The value of the management contracts is based on the sum of the present value of future cash flows attributable to the management contracts, in addition to the value of tax savings as a result of the amortization of intangible assets. During the three months ended March 31, 2014, the Company recorded amortization expense of $1.8 million on the management contracts. At March 31, 2014, the carrying value of these management contracts, net of accumulated amortization, totaled $10.1 million.

Parkway assumed a management contract as part of the Company's merger with TPGI. At December 19, 2013, the date of the Mergers, the contract was valued by an independent appraiser at $1.9 million. During the three months ended March 31, 2014, the Company recorded amortization expense of $189,000 on this management contract. At March 31, 2014, the carrying value of this management contract, net of accumulated amortization, totaled $1.7 million.