Highwoods Banks on Acquisitions to Strengthen Long‑Term Growth Strategy

Highwoods Properties, Inc. (NYSE: HIW) has unveiled key acquisition activity as part of a strategic push to enhance its long‑term growth trajectory and portfolio quality. The company completed joint‑venture purchases of two premium office properties: Bloc83 in downtown Raleigh and The Terraces in Dallas’ Preston Center, targeting high‑demand business districts. Bloc83, a 492,000‑square‑foot mixed‑use complex, was 97 % leased at year‑end, while The Terraces, a 173,000‑square‑foot office tower, was 98 % leased with attractive upside potential due to current rents below market rates. Highwoods plans to fund these acquisitions by divesting select non‑core assets, aiming for a leverage‑neutral capital rotation. The deals are expected to be immediately accretive to cash flow while remaining neutral to the company’s near‑term funds from operations (FFO). The combined investments are also projected to generate approximately $9 million in GAAP net operating income and $7.5 million in cash NOI in 2026, with additional preferred equity income from the Dallas deal. These strategic moves align with Highwoods’ disciplined capital recycling approach and strengthen its positioning in key markets, enhancing both current performance and future growth prospects. #Highwoods #RealEstate #Acquisitions #REITGrowth #SlimScan #GrowthStocks #CANSLIM