Highwoods Announces Market Rotation Plan
Phase One of Market Rotation Plan Expected to be:
- Phase One of Market Rotation Plan Expected to be:
Approximately Neutral to Current FFO Run Rate; Accretive over Long-Term
Conference Call: Thursday, August 22nd at 8:30 A.M. - ET
RALEIGH, N.C, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces a series of planned investment activities that will further strengthen its Best Business District (BBD) office focus. - Ed Fritsch, CEO, stated, Our plan is to enter the dynamic Charlotte market and rotate out of Greensboro and Memphis, consistent with our long-term strategic plan of owning high-quality, trophy office buildings in the BBDs of markets with favorable economic and demographic trends.
- With its strong, diverse and growing economy, Charlotte has been at the top of our list for future market expansion.