Highwoods Properties Inc. - HIW STOCK NEWS

Highwoods Properties has formed a 50/50 joint venture with Granite Properties to enter the Dallas market, targeting two major developments: Granite Park Six and 23Springs. The total anticipated investment for both projects is approximately $660 million. Granite Park Six, located in the Frisco/Plano area, is set to have a 422,000 square-foot office space, while 23Springs in Uptown will feature 642,000 square feet of office and retail space. The company plans to fund this entry through the sale of its Pittsburgh assets, contributing to a strategic shift towards high-growth markets.

Highwoods Properties, Inc. (NYSE:HIW) will announce its second quarter 2022 results on July 26, after market close. A conference call to discuss these results is scheduled for July 27 at 11:00 A.M. Eastern time. Interested parties can listen via phone at (800) 756-3565 or through a live webcast on the company's website. Highwoods is a real estate investment trust (REIT) focused on owning, developing, and managing office properties in major business districts across several key cities including Atlanta and Nashville. For more information, visit www.highwoods.com.

Highwoods Properties, Inc. (NYSE:HIW) has successfully recast its $200 million unsecured bank term loan, extending its maturity from November 2022 to May 2026. Additionally, the company secured a $150 million delayed-draw term loan maturing in May 2027, expected to support working capital and development activities. The interest rate is SOFR plus a spread adjustment of 10 basis points and 95 basis points for the term loan. This restructuring enhances liquidity and financial flexibility, bolstering Highwoods' strategic objectives.

Highwoods Properties (NYSE:HIW) has successfully sold the FBI Tampa Field Office for $70.4 million. The company anticipates the sale of its remaining office buildings in Greensboro, totaling 299,000 square feet and currently 88.2% occupied, for $20.3 million. These properties projected annual GAAP net operating income of $6.3 million. Additionally, a non-core land parcel was sold for $6.9 million. Highwoods has now sold $464 million in non-core properties since mid-2021 and aims to restore its balance sheet metrics by mid-2022.

Highwoods Properties, Inc. (NYSE:HIW) has been recognized as a 2022 Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy. This accolade is awarded for adherence to national standards for sustainable leasing, reflecting efforts in energy efficiency and environmental stewardship. Highwoods achieved Silver Recognition for implementing best practices like utility data tracking and sustainability training. CEO Ted Klinck emphasized the company's commitment to ESG as integral to its mission, aiming to deliver long-term value for both shareholders and stakeholders.

Highwoods Properties (NYSE:HIW) will host an Investor Day on May 12, 2022, in Nashville, starting at 8:15 a.m. Central Time and concluding around 12:30 p.m. Central Time. The event will feature presentations from key executives including Ted Klinck, Brian Leary, and Brendan Maiorana. Attendance is by invitation only, but the presentation will be available via live audio webcast on the company’s website. A replay will be accessible from May 13 to May 27, 2022. Highwoods, a real estate investment trust, specializes in properties in major business districts across several cities.

Highwoods Properties (NYSE:HIW) has announced significant acquisitions aimed at expanding its presence in the Charlotte market. The company is set to acquire 650 South Tryon, a 367,000 square foot office building for a total investment of $203 million. Following stabilization, projected annual net operating income is estimated at $11.2 million. Additionally, Highwoods will acquire a mixed-use site in South End for $27 million, planned for approximately 300,000 square feet of office and 250 apartment units. Closing dates for both acquisitions are set for Q2 and Q3 of 2022.

Highwoods Properties has released its 2021 Corporate Resiliency Report, emphasizing its commitment to Environmental, Social and Governance (ESG) initiatives. The report is accessible on the company's website, showcasing its activities within top business districts across multiple cities including Atlanta, Charlotte, and Nashville. As a publicly-traded Real Estate Investment Trust (REIT) listed on NYSE under the symbol HIW, Highwoods focuses on owning, developing, managing, and leasing properties.

Highwoods Properties, Inc. (NYSE:HIW) announced its first quarter 2022 results on April 26, 2022. The company operates as a real estate investment trust (REIT) and is a member of the S&P MidCap 400 Index. It specializes in acquiring, developing, leasing, and managing properties in prime business districts across several major U.S. cities including Atlanta, Charlotte, and Nashville. For complete financial details, the release is available on their official website.