_____________________________________ Acquires Bloc83 in CBD Raleigh in Joint Venture with the North Carolina Investment Authority $21.0M Total Investment (at HIW 10% Share) 492,000 Square Feet, 97% Leased _____________________________________ Acquires The Terraces in Preston Center BBD in Dallas in Joint Venture with Granite Properties $87.4M Total Investment (at HIW 80% Share) 173,000 Square Feet, 98% Leased _____________________________________ Acquisitions to be Funded Primarily Through Sales of Non-Core Assets Expect Leverage-Neutral Rotation of Capital by Mid-2026 _________________________________________ Plan Expected to Strengthen Long-Term Growth Trajectory Immediately Accretive to Cash Flows Neutral to Current FFO Run Rate; Accretive over Long-Term _________________________________________ RALEIGH, N.C., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has acquired Bloc83, a two-building, 492,000 square foot mixed-use asset in CBD Raleigh, in a joint venture with the North Carolina Investment Authority and The Terraces, a 173,000 square foot office building in the Preston Center BBD of Dallas, in a joint venture with Granite Properties.
