Parallel Infrastructure Appoints Industry Veteran Yannis Macheras as President of Telecommunications

Parallel Infrastructure LLC, a leading right-of-way (ROW) management and infrastructure develo ment com any, today announced the a ointment of !annis "acheras as President of the com any#s $elecommunications Infrastructure %usiness& Coral Gables, FL March !, "#$%& -- Parallel Infrastructure LLC, a leading right-of-way (ROW) management and infrastructure develo ment com any, today announced the a ointment of !annis "acheras as President of the com any#s $elecommunications Infrastructure %usiness& In this ca acity, "acheras will %e res onsi%le for %uilding on the momentum that Parallel has esta%lished in this %usiness segment, and further accelerating its tower ortfolio growth lans& "acheras has wor'ed in the telecommunications industry for () years, serving in diverse e*ecutive ositions at +merican $ower Cor oration (+"$), and %rings a wealth of industry 'nowledge, insight and e* erience to Parallel#s o erations& "acheras ,oined +"$ in its early days and layed a large art in hel ing to create a glo%al leader in the wireless communications infrastructure industry& -is success with +"$ includes esta%lishing a strong %ac'-office, ensuring the successful integration of . ectra.ite into +"$ in /00), leading several distinct geogra hic regions as a 1P23", consolidating and leading +"$#s "anaged .ites roofto %usiness and overseeing tower develo ment in Latin +merica& 4!annis# glo%al leadershi e* erience will %e an invalua%le asset as we accelerate our ace and fill the mar'et need for increased ca acity and coverage in the wireless communications arena,4 said 5ran' Chechile, C6O of Parallel Infrastructure& 4-e will continue to foster Parallel#s focus on s eed and agility in the tower develo ment s ace&4 "acheras holds a 7achelor of +rts from Colum%ia 8niversity and a 9uris :octor from $ulane 8niversity& Parallel Infrastructure continues to e* and its management ortfolio, which s ans more than /,(00 miles of ROW across // states, as well as strengthen its relationshi s with carriers, e*ecuting new leases across the nation& 47uilding on our re utation to deliver carrier-grade infrastructure and under "acheras# leadershi , Parallel is well ositioned to esta%lish itself as a leading wireless communication infrastructure owner and o erator in the 8nited .tates,4 Chechile added&

-'ndsAbout Parallel Infrastructure Parallel Infrastructure LLC is national right-of-way (ROW) management and infrastructure develo ment com any that invests in and manages underutili;ed land assets along railroad and highway corridors, creating significant value for %oth u%lic and rivate owners& $he com any#s ca a%ilities include real estate management services, telecommunications, energy and outdoor advertising infrastructure develo ment, and the im lementation of innovative ROW uses that generate incremental income streams& -ead<uartered in 9ac'sonville, 5la&, Parallel Infrastructure is a wholly owned su%sidiary of 5lorida 6ast Coast Industries, Inc& 5or more information, visit htt =22www& arallelinfrastructure&com& About Florida 'ast Coast Industries, Inc( 5lorida 6ast Coast Industries, LLC (56CI) is one of 5lorida#s oldest and largest fullservice commercial real estate, trans ortation, and infrastructure com anies& -ead<uartered in Coral 3a%les, 5la&, 56CI has a rich history dating %ac' over a century& "r& -enry 5lagler first esta%lished a redecessor com any in (>?/, which %ecame a ioneer in the develo ment of 5lorida#s eastern coast& $oday, 56CI continues to transform 5lorida as the arent com any to the following leading real estate, trans ortation, and infrastructure %usinesses within the state= 5lagler, a fullservice commercial real estate com any@ +ll +%oard 5lorida, the 8nited .tates# first rivately owned, o erated and maintained intercity assenger rail system@ 5lagler 3lo%al Logistics, an integrated logistics com any that offers a wide range of logistics services and real estate solutions@ and Parallel Infrastructure, a leader in third- arty Right of Way (ROW) investments and management services& 56CI is owned %y rivate e<uity funds managed %y affiliates of 5ortress Investment 3rou LLC& 5or more information, visit htt =22www&feci&com& Media Contacts) Aristy Aennedy r%% Pu%lic Relations B0)-CC>-)>B? 'risty&'ennedyDr%% r&com Aathleen Rodrigue; 5lorida 6ast Coast Industries B0)-)/0-/B0E 'athleen&rodrigue;Dfeci&com -'nds-