Highwoods (HIW) Disposes Non-Core Assets Worth $79.4 Million

Highwoods Properties, Inc. (HIW) recently announced $79.4 million of combined non-core asset disposition in Raleigh. The move comes as part of the company’s disciplined capital-recycling strategy that entails disposing of non-core assets and redeploying the proceeds in premium asset acquisitions and accretive development projects, and debt repayment.Particularly, HIW sold eight office buildings aggregating 338,000 square feet in the west Raleigh submarket, across from Rex Hospital and one office building th ...