NYSE:HIWOffice REITs
Is Highwoods (HIW) Using Bloc83 and Dallas JV Deals to Quietly Redraw Its Portfolio Map?
Highwoods Properties, Inc. recently acquired the Bloc83 office complex in Raleigh’s CBD and The Terraces in Dallas’ Preston Center through joint ventures, planning to fund these deals largely via non-core asset sales within a leverage-neutral capital rotation by mid-2026.
The company expects these acquisitions to immediately add to cash flows while upgrading its office portfolio toward higher-quality assets with stronger long-run income potential.
We’ll now examine how funding these...