BBD (song)

Invisible Urban Charging, Highwoods Properties to Deploy EV Chargers at Upscale Atlanta Property

Retrieved on: 
Wednesday, June 14, 2023
Commercial Building & Real Estate, Construction & Property, EV, Electric Vehicles, Alternative Vehicles, Fuels, Automotive, Building Systems, REIT, Vehicle Technology, HIW, JLL, IUC, Growth, Entrepreneurship, Partnership, Trust, Acquisition, BBD (song), NYSE, Renewable energy

Invisible Urban Charging (“IUC”) is excited to announce its strategic partnership with Highwoods Properties (NYSE: HIW), a renowned publicly traded real estate investment trust (“REIT”), to supply electric vehicle (“EV”) chargers at one of its premier properties located in Atlanta, Georgia.

Key Points: 
  • Invisible Urban Charging (“IUC”) is excited to announce its strategic partnership with Highwoods Properties (NYSE: HIW), a renowned publicly traded real estate investment trust (“REIT”), to supply electric vehicle (“EV”) chargers at one of its premier properties located in Atlanta, Georgia.
  • Under the terms of the agreement, IUC has replaced existing on-site chargers with 10 state-of-the-art units at Highwoods Properties’ recently renovated 200 Riverwood.
  • This modern, 299,000 square-foot all-glass office building is situated in Atlanta's upscale Cumberland submarket, designed to attract a next-generation workforce.
  • Over the next 12-18 months, IUC plans to deploy more than 50,000 EV chargers across the United States.

Highwoods Acquires McKinney & Olive in Uptown Dallas in 50/50 Joint Venture with Granite Properties

Retrieved on: 
Friday, December 16, 2022
Olive, Acquisition, Eye, McKinney, Texas, BBD (song), NOI, Annual report, REIT, NYSE, I-75, Climate change, Heart, Trust, Arts District, Dallas, HIW, COVID-19, GAAP, Self storage, Bank, Uptown

RALEIGH, N.C., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has acquired McKinney & Olive, a 557,000 square foot trophy mixed-use asset in the heart of Uptown Dallas, in a 50/50 joint venture with Granite Properties.

Key Points: 
  • 557,000 Square Feet Trophy Mixed-Use Asset; 99% Leased
    RALEIGH, N.C., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has acquired McKinney & Olive, a 557,000 square foot trophy mixed-use asset in the heart of Uptown Dallas, in a 50/50 joint venture with Granite Properties.
  • Ted Klinck, President and CEO, stated, “We are thrilled to expand our presence in the dynamic Dallas market by once again partnering with Granite Properties to acquire this landmark office tower in Uptown Dallas.
  • McKinney & Olive is a solid bull’s eye with its prime infill location in a top tier submarket and financially sound, diversified customer base.
  • During 2023, McKinney & Olive is expected to generate cash net operating income of $22.0 million (at 100%) and GAAP net operating income of $26.2 million (at 100%).

Highwoods Obtains New $200 Million Term Loan

Retrieved on: 
Tuesday, October 11, 2022
Trust, Bank of America, U.S. Bancorp, TD Bank, NYSE, Annual report, BBD (song), SOFR, Bank, Income, National Association, PNC Financial Services, REIT, TD, Partnership, HIW, Goal, Company, Acquisition, BofA Securities, Lists of disasters, GLOBE, Climate change, Regions Financial Corporation, Highwood, Illinois, Truist Financial, Security (finance), Risk management, COVID-19

RALEIGH, N.C., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has obtained a $200.0 million, two-year unsecured bank term loan that is scheduled to mature in October 2024.

Key Points: 
  • RALEIGH, N.C., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has obtained a $200.0 million, two-year unsecured bank term loan that is scheduled to mature in October 2024.
  • The interest rate on the new term loan is SOFR plus a related spread adjustment of 10 basis points and a borrowing spread of 95 basis points.
  • Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, We appreciate the confidence shown in Highwoods by our bank group.
  • We have now obtained $550 million of term loans in 2022.

Highwoods Recasts Term Loan

Retrieved on: 
Wednesday, May 25, 2022
Income, BofA Securities, HIW, Company, TD Bank, LIBOR, Climate change, Associated Banc-Corp, First Horizon Bank, Wells Fargo, PNC Financial Services, Goal, Bank, Bank of America, Trust, SOFR, Partnership, BBD (song), Lists of disasters, REIT, Highwood, Illinois, JPMorgan Chase, J. P. Morgan, National Association, Regions Financial Corporation, LLC, Acquisition, TD, NYSE, Annual report, GLOBE, Risk management, COVID-19

RALEIGH, N.C., May 25, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of its $200 million unsecured bank term loan by extending the maturity date from November 2022 to May 2026 and obtaining a $150 million delayed-draw term loan that will mature in May 2027.

Key Points: 
  • RALEIGH, N.C., May 25, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of its $200 million unsecured bank term loan by extending the maturity date from November 2022 to May 2026 and obtaining a $150 million delayed-draw term loan that will mature in May 2027.
  • For both the term loan and the revolving credit facility, the borrowing spread will be reduced by one basis point provided Highwoods meets certain sustainability goals with respect to the ongoing reduction of greenhouse gas emissions.
  • Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, We appreciate the confidence shown in Highwoods by our bank group.
  • We are pleased to have extended and upsized our term loan and lowered our all-in borrowing costs.

Highwoods Announces $98M of Non-Core Asset Sales

Retrieved on: 
Thursday, May 19, 2022
Income, HIW, Company, Climate change, Trust, BBD (song), Lists of disasters, REIT, List of FBI field offices, Sale, FBI, PAC, GAAP, Acquisition, NYSE, CEO, Annual report, GLOBE, Bank, Risk management, COVID-19, FFO

The Company expects to record $2.3 million of land sale gains (included in FFO) in the second quarter.

Key Points: 
  • The Company expects to record $2.3 million of land sale gains (included in FFO) in the second quarter.
  • Ted Klinck, President and CEO, said, We are pleased with the continued execution of our non-core asset dispositions.
  • For more information about Highwoods, please visit our website at www.highwoods.com .
  • You can identify forward-looking statements by our use of forward-looking terminology such as may, will, expect, anticipate, estimate, continue or other similar words.

Highwoods Announces Charlotte Market Expansion

Retrieved on: 
Monday, May 9, 2022
COVID-19, Trust, HIW, South Park, GAAP, GLOBE, Company, NYSE, BBD (song), Public expenditure, NOI, LEED, Climate change, Legacy Union, Annual report, Bank of America Tower, Lists of disasters, Uptown, Income, CEO, Heart, Growth, REIT, Acquisition, Self storage, Auction, Risk management, Bank

RALEIGH, N.C., May 09, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces two planned acquisitions that will further strengthen its Best Business District (“BBD”) presence and development prospects in the Charlotte market.

Key Points: 
  • RALEIGH, N.C., May 09, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces two planned acquisitions that will further strengthen its Best Business District (BBD) presence and development prospects in the Charlotte market.
  • The Company noted that under GAAP, such credits are recorded as a reduction in the investment cost rather than as rental income.
  • Ted Klinck, President and CEO, stated, Less than three years ago, we announced our plan to enter the dynamic Charlotte market, which had been at the top of our list for future market expansion.
  • Although Highwoods believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

Highwoods Announces $56M of Additional Non-Core Asset Sales

Retrieved on: 
Wednesday, December 29, 2021
Climate change, Risk, FFO, Lists of disasters, BBD (song), GLOBE, Company, National Progressive Center Union, Trust, HIW, Annual report, NYSE, PAC, Acquisition, GAAP, REIT, Income, Bank, Risk management, COVID-19, Cottonwood, Smoke tree

The Company has also closed on the previously announced plan to sell three non-core buildings for a combined purchase price of $65.9 million.

Key Points: 
  • The Company has also closed on the previously announced plan to sell three non-core buildings for a combined purchase price of $65.9 million.
  • We are ahead of schedule, having planned $250 to $300 million of non-core dispositions by year-end 2021.
  • Our asset recycling has improved the quality of our portfolio, reduced our lease expiration risk, strengthened our near-term cash flow and fortified our long-term growth trajectory.
  • For more information about Highwoods, please visit our website at www.highwoods.com.

Highwoods Announces $134M of Non-Core Asset Sales

Retrieved on: 
Monday, November 8, 2021
Climate change, BBD (song), Income, Growth, Lists of disasters, Annual report, Sale, Acquisition, Trust, Company, GLOBE, GAAP, NYSE, REIT, HIW, Bank, Risk management

Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, With these sales, we will have closed on $297 million of dispositions since we first announced our $683 million acquisition of trophy office assets in the high-growth markets of Charlotte and Raleigh from Preferred Apartment Communities.

Key Points: 
  • Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, With these sales, we will have closed on $297 million of dispositions since we first announced our $683 million acquisition of trophy office assets in the high-growth markets of Charlotte and Raleigh from Preferred Apartment Communities.
  • For more information about Highwoods, please visit our website at www.highwoods.com.
  • You can identify forward-looking statements by our use of forward-looking terminology such as may, will, expect, anticipate, estimate, continue or other similar words.
  • You should also review the other cautionary statements we make in Risk Factors set forth in our 2020 Annual Report on Form 10-K.

Highwoods Announces $120M of Non-Core Asset Sales

Retrieved on: 
Monday, October 4, 2021
REIT, Climate change, Trust, Annual report, Sale, Income, Acquisition, PAC, Company, GAAP, HIW, BBD (song), Foot, Lists of disasters, NYSE, Mid-America Apartment Communities, GLOBE, Bank, Risk management

RALEIGH, N.C., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold two non-core office buildings encompassing 443,000 square feet for $119.7 million.

Key Points: 
  • RALEIGH, N.C., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold two non-core office buildings encompassing 443,000 square feet for $119.7 million.
  • The Company expects to record non-FFO gains of approximately $37.3 million in the third quarter of 2021 in connection with these sales.
  • Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, We are pleased with the execution of these non-core asset dispositions, including the sale of our final asset in Memphis.
  • For more information about Highwoods, please visit our website at www.highwoods.com .