Highwoods Properties Acquires Bloc83 and The Terraces
Highwoods Properties 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. Bloc83 is a 492,000 square foot mixed-use asset that includes two 10-story best-in-class office buildings with 27,000 square feet of ground floor amenity retail located in CBD Raleigh. The building includes a rooftop terrace, customer lounge, fitness center, and interactive sports room with a golf simulator, among other on-site customer amenities. Bloc83, which delivered between 2019 and 2021, was 97% leased on a combined basis at December 31, 2025 with a weighted average lease term of 6.5 years. The Company initially owns a 10% interest in the joint venture that was formed to acquire Bloc83. The North Carolina Investment Authority, a new strategic investment partner for Highwoods, owns the remaining 90% interest. The Company retains the option to increase its ownership interest to 50%. The joint venture's total investment is expected to be $210.5 million, which includes $3.3 million of planned near-term building improvements and $0.5 million of transaction costs. The Terraces is a 12-story best-in-class office building encompassing 173,00 square feet located in the heart of Dallas' Preston Center, a new BBD for Highwoods. The Terraces, which delivered in 2017, was 98% leased at December 31, 2025 with a weighted average lease term of 7.0 years. Rents are approximately 30% below market, which provides significant long-term upside potential. The Company owns an 80% interest in the joint venture that was formed to acquire The Terraces. Granite, the Company's longtime partner in Dallas, owns the remaining 20% interest. The Company also contributed to the joint venture $12.9 million (net of the Company's 80% interest) of preferred equity. The joint venture's total investment is expected to be $109.3 million, which includes $2.5 million of planned near-term building improvements and $0.5 million of transaction costs. During 2026, the Company's combined investment in The Terraces and Bloc83 joint ventures is expected to generate GAAP net operating income of $9.0 million and cash net operating income of $7.5 million. In addition, the Company expects to generate approximately $0.8 million of income during 2026 from its net preferred equity investment in The Terraces joint venture.
Trade with 70% Backtested Accuracy
Analyst Views on HIW
About HIW
About the author

Highwoods Properties Declares Quarterly Dividend of $0.50
- Quarterly Dividend Declaration: Highwoods Properties has declared a quarterly dividend of $0.50 per share, consistent with previous payouts, indicating the company's stable cash flow and commitment to shareholder returns.
- Dividend Yield: The forward yield of 7.74% reflects the company's attractiveness in the current market environment, potentially drawing in more income-focused investors seeking reliable returns.
- Payment Schedule: The dividend is set to be paid on March 10, with a record date of February 17 and an ex-dividend date also on February 17, ensuring shareholders receive their earnings promptly.
- Bond Issuance: Highwoods has successfully priced $350 million of 5.35% notes due in 2033, which will strengthen the company's capital structure and support future growth strategies.

Highwoods Properties Schedules Q4 2025 Earnings Release and Conference Call
- Earnings Release Schedule: Highwoods Properties is set to release its Q4 2025 results on February 10, 2026, after market close, reflecting the company's latest performance in the office REIT sector.
- Conference Call Timing: Following the earnings release, a conference call will be held on February 11, 2026, at 11:00 A.M. Eastern Time, providing investors with a direct line of communication with management to enhance transparency.
- International Dial-in Information: U.S. and Canada callers can dial (833) 470-1428, while international callers should use (646) 844-6383, ensuring global investor participation and increasing the company's influence in international markets.
- Webcast and Replay Availability: The call will be accessible via a live webcast on the company's website, with a replay also available, broadening the channels for information dissemination and ensuring all stakeholders stay informed about company developments.






