HIGHWOODS PROPERTIES INC
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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Schedule III
NOTE TO SCHEDULE III
The following table sets forth the activity of real estate assets and accumulated depreciation:
| December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Real estate assets: | |||
| Beginning balance | $6,728,003 | $6,689,692 | $6,486,136 |
| Acquisitions, development and improvements | 210,024 | 226,066 | 378,587 |
| Cost of real estate sold, retired and deconsolidated | (215,777) | (187,755) | (175,031) |
| Ending balance (a) | $6,722,250 | $6,728,003 | $6,689,692 |
| Accumulated depreciation: | |||
| Beginning balance | $1,743,390 | $1,609,502 | $1,457,511 |
| Depreciation expense | 255,979 | 253,151 | 240,273 |
| Real estate sold, retired and deconsolidated | (144,272) | (119,263) | (88,282) |
| Ending balance (b) | $1,855,097 | $1,743,390 | $1,609,502 |
(a)Reconciliation of total real estate assets to balance sheet caption:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Total per Schedule III | $6,722,250 | $6,728,003 | $6,689,692 |
| Development in-process exclusive of land included in Schedule III | — | 8,918 | 46,735 |
| Real estate assets, net, held for sale | (104,313) | — | — |
| Total real estate assets | $6,617,937 | $6,736,921 | $6,736,427 |
(b)Reconciliation of total accumulated depreciation to balance sheet caption:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Total per Schedule III | $1,855,097 | $1,743,390 | $1,609,502 |
| Real estate assets, net, held for sale | (58,511) | — | — |
| Total accumulated depreciation | $1,796,586 | $1,743,390 | $1,609,502 |
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2024
| Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description · PropertyType · 2024Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction | ||||||||||||||||||||||
| Atlanta, GA | ||||||||||||||||||||||
| 1700 Century Circle | Office | $— | $2,482 | $823 | $816 | $823 | $3,298 | $4,121 | $1,784 | 1983 | 5-40 yrs. | |||||||||||
| 1800 Century Boulevard | Office | 1,444 | 29,081 | 1,504 | 6,296 | 2,948 | 35,377 | 38,325 | 23,603 | 1975 | 5-40 yrs. | |||||||||||
| 1825 Century Boulevard | Office | 864 | — | 3,422 | 15,599 | 4,286 | 15,599 | 19,885 | 8,653 | 2002 | 5-40 yrs. | |||||||||||
| 1875 Century Boulevard | Office | — | 8,924 | 3,090 | 5,913 | 3,090 | 14,837 | 17,927 | 8,777 | 1976 | 5-40 yrs. | |||||||||||
| 1900 Century Boulevard | Office | — | 4,744 | 13,036 | 340 | 13,036 | 5,084 | 18,120 | 5,084 | 1971 | 5-40 yrs. | |||||||||||
| 2200 Century Parkway | Office | — | 14,432 | 4,433 | 8,373 | 4,433 | 22,805 | 27,238 | 14,270 | 1971 | 5-40 yrs. | |||||||||||
| 2400 Century Parkway | Office | — | — | 4,589 | 14,967 | 4,589 | 14,967 | 19,556 | 9,238 | 1998 | 5-40 yrs. | |||||||||||
| 2500 Century Parkway | Office | — | — | 3,919 | 16,118 | 3,919 | 16,118 | 20,037 | 5,421 | 2005 | 5-40 yrs. | |||||||||||
| 2500/2635 Parking Garage | Office | — | — | — | 6,447 | — | 6,447 | 6,447 | 3,103 | 2005 | 5-40 yrs. | |||||||||||
| 2600 Century Parkway | Office | — | 10,679 | 3,062 | 6,389 | 3,062 | 17,068 | 20,130 | 10,376 | 1973 | 5-40 yrs. | |||||||||||
| 2635 Century Parkway | Office | — | 21,643 | 6,714 | 21,509 | 6,714 | 43,152 | 49,866 | 25,658 | 1980 | 5-40 yrs. | |||||||||||
| 2800 Century Parkway | Office | — | 20,449 | 7,281 | 12,453 | 7,281 | 32,902 | 40,183 | 21,697 | 1983 | 5-40 yrs. | |||||||||||
| Century Plaza I | Office | 1,290 | 8,567 | — | 5,274 | 1,290 | 13,841 | 15,131 | 8,234 | 1981 | 5-40 yrs. | |||||||||||
| Century Plaza II | Office | 1,380 | 7,733 | — | 4,532 | 1,380 | 12,265 | 13,645 | 6,803 | 1984 | 5-40 yrs. | |||||||||||
| Riverwood 100 | Office | 5,785 | 64,913 | (29) | 36,203 | 5,756 | 101,116 | 106,872 | 38,857 | 1989 | 5-40 yrs. | |||||||||||
| Tradeport - Land | Office | 5,243 | — | (4,733) | — | 510 | — | 510 | — | N/A | N/A | |||||||||||
| Two Alliance Center | Office | 9,579 | 125,549 | — | 6,013 | 9,579 | 131,562 | 141,141 | 39,264 | 2009 | 5-40 yrs. | |||||||||||
| One Alliance Center | Office | 14,775 | 123,071 | — | 25,920 | 14,775 | 148,991 | 163,766 | 48,286 | 2001 | 5-40 yrs. | |||||||||||
| 10 Glenlake North | Office | 5,349 | 26,334 | — | 7,630 | 5,349 | 33,964 | 39,313 | 12,158 | 2000 | 5-40 yrs. | |||||||||||
| 10 Glenlake South | Office | 5,103 | 22,811 | — | 14,616 | 5,103 | 37,427 | 42,530 | 10,640 | 1999 | 5-40 yrs. | |||||||||||
| Riverwood 200 | Office | 4,777 | 89,708 | 450 | 1,843 | 5,227 | 91,551 | 96,778 | 22,363 | 2017 | 5-40 yrs. | |||||||||||
| Riverwood 300 - Land | Office | 400 | — | — | 710 | 400 | 710 | 1,110 | 141 | 2017 | 5-40 yrs. | |||||||||||
| Monarch Tower | Office | 22,717 | 143,068 | — | 28,102 | 22,717 | 171,170 | 193,887 | 47,748 | 1997 | 5-40 yrs. | |||||||||||
| Monarch Plaza | Office | 27,678 | 88,962 | — | 20,359 | 27,678 | 109,321 | 136,999 | 28,149 | 1983 | 5-40 yrs. | |||||||||||
| Galleria 75 - Land | Office | 19,740 | — | (3,000) | 1,031 | 16,740 | 1,031 | 17,771 | 294 | 2022 | 5-40 yrs. | |||||||||||
| Charlotte, NC | ||||||||||||||||||||||
| Bank of America Tower | Office | 200,000 | 29,273 | 354,749 | — | 27,132 | 29,273 | 381,881 | 411,154 | 59,543 | 2019 | 5-40 yrs. | ||||||||||
| One Morrocroft | Office | (2) | 3,655 | 28,357 | (198) | 5,146 | 3,457 | 33,503 | 36,960 | 4,033 | 1992 | 5-40 yrs. | ||||||||||
| Two Morrocroft | Office | (2) | 3,530 | 28,804 | (190) | 1,619 | 3,340 | 30,423 | 33,763 | 3,726 | 1998 | 5-40 yrs. | ||||||||||
| Three Morrocroft | Office | (2) | 3,566 | 30,505 | (192) | 309 | 3,374 | 30,814 | 34,188 | 3,678 | 2000 | 5-40 yrs. | ||||||||||
| Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description · PropertyType · 2024Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction | ||||||||||||||||||||||
| Capitol Towers North | Office | (3) | 8,642 | 96,254 | — | 1,112 | 8,642 | 97,366 | 106,008 | 10,390 | 2017 | 5-40 yrs. | ||||||||||
| Capitol Towers South | Office | (3) | 9,095 | 95,458 | — | 810 | 9,095 | 96,268 | 105,363 | 10,273 | 2015 | 5-40 yrs. | ||||||||||
| 1426 S. Tryon - Land | Office | 26,702 | — | (825) | — | 25,877 | — | 25,877 | — | N/A | N/A | |||||||||||
| SIX50 at Legacy Union | Office | 16,504 | 166,305 | — | 4,068 | 16,504 | 170,373 | 186,877 | 13,657 | 2020 | 5-40 yrs. | |||||||||||
| Four Morrocroft | Office | (2) | — | — | 837 | 8,993 | 837 | 8,993 | 9,830 | 252 | 2024 | 5-40 yrs. | ||||||||||
| Nashville, TN | ||||||||||||||||||||||
| 3322 West End | Office | 3,025 | 27,490 | — | 12,919 | 3,025 | 40,409 | 43,434 | 23,264 | 1986 | 5-40 yrs. | |||||||||||
| 3401 West End | Office | 5,862 | 22,917 | — | 7,224 | 5,862 | 30,141 | 36,003 | 20,438 | 1982 | 5-40 yrs. | |||||||||||
| 5310 Maryland Way | Office | 1,863 | 7,201 | — | 5,870 | 1,863 | 13,071 | 14,934 | 8,732 | 1994 | 5-40 yrs. | |||||||||||
| Cool Springs I & II Deck | Office | — | — | — | 3,990 | — | 3,990 | 3,990 | 1,718 | 2007 | 5-40 yrs. | |||||||||||
| Cool Springs III & IV Deck | Office | — | — | — | 4,461 | — | 4,461 | 4,461 | 1,988 | 2007 | 5-40 yrs. | |||||||||||
| Cool Springs I | Office | 1,583 | — | 15 | 16,828 | 1,598 | 16,828 | 18,426 | 10,227 | 1999 | 5-40 yrs. | |||||||||||
| Cool Springs II | Office | 1,824 | — | 346 | 25,538 | 2,170 | 25,538 | 27,708 | 13,749 | 1999 | 5-40 yrs. | |||||||||||
| Cool Springs III | Office | 1,631 | — | 804 | 22,859 | 2,435 | 22,859 | 25,294 | 8,374 | 2006 | 5-40 yrs. | |||||||||||
| Cool Springs IV | Office | 1,715 | — | — | 29,093 | 1,715 | 29,093 | 30,808 | 9,168 | 2008 | 5-40 yrs. | |||||||||||
| Cool Springs V | Office | 3,688 | — | 295 | 56,353 | 3,983 | 56,353 | 60,336 | 18,495 | 2007 | 5-40 yrs. | |||||||||||
| Harpeth Two | Office | 1,419 | 5,677 | — | 9,672 | 1,419 | 15,349 | 16,768 | 6,312 | 1984 | 5-40 yrs. | |||||||||||
| Harpeth Three | Office | 1,660 | 6,649 | — | 10,100 | 1,660 | 16,749 | 18,409 | 7,556 | 1987 | 5-40 yrs. | |||||||||||
| Harpeth Four | Office | 1,713 | 6,842 | — | 11,085 | 1,713 | 17,927 | 19,640 | 7,852 | 1989 | 5-40 yrs. | |||||||||||
| Harpeth Five | Office | 662 | — | 197 | 11,159 | 859 | 11,159 | 12,018 | 3,788 | 1998 | 5-40 yrs. | |||||||||||
| Hickory Trace | Office | 1,164 | — | 164 | 6,731 | 1,328 | 6,731 | 8,059 | 3,276 | 2001 | 5-40 yrs. | |||||||||||
| Highwoods Plaza I | Office | 1,552 | — | 307 | 9,142 | 1,859 | 9,142 | 11,001 | 5,898 | 1996 | 5-40 yrs. | |||||||||||
| Highwoods Plaza II | Office | 1,448 | — | 307 | 8,696 | 1,755 | 8,696 | 10,451 | 4,764 | 1997 | 5-40 yrs. | |||||||||||
| Seven Springs I | Office | 2,076 | — | 592 | 14,773 | 2,668 | 14,773 | 17,441 | 7,459 | 2002 | 5-40 yrs. | |||||||||||
| SouthPointe | Office | 1,655 | — | 310 | 9,514 | 1,965 | 9,514 | 11,479 | 5,949 | 1998 | 5-40 yrs. | |||||||||||
| Westwood South | Office | 2,106 | — | 382 | 9,552 | 2,488 | 9,552 | 12,040 | 5,970 | 1999 | 5-40 yrs. | |||||||||||
| 100 Winners Circle | Office | 1,497 | 7,258 | — | 8,296 | 1,497 | 15,554 | 17,051 | 6,977 | 1987 | 5-40 yrs. | |||||||||||
| Symphony Place | Office | 84,712 | — | 141,469 | — | 6,045 | — | 147,514 | 147,514 | 54,976 | 2010 | 5-40 yrs. | ||||||||||
| Seven Springs East | Office | 2,525 | 37,587 | — | 528 | 2,525 | 38,115 | 40,640 | 13,373 | 2013 | 5-40 yrs. | |||||||||||
| The Shops at Seven Springs | Office | 803 | 8,223 | — | (996) | 803 | 7,227 | 8,030 | 2,259 | 2013 | 5-40 yrs. | |||||||||||
| Seven Springs West | Office | 2,439 | 51,306 | — | 4,197 | 2,439 | 55,503 | 57,942 | 13,403 | 2016 | 5-40 yrs. | |||||||||||
| Seven Springs II | Office | 2,356 | 30,048 | — | 3,435 | 2,356 | 33,483 | 35,839 | 8,937 | 2017 | 5-40 yrs. | |||||||||||
| Bridgestone Tower | Office | 19,223 | 169,582 | — | 465 | 19,223 | 170,047 | 189,270 | 36,042 | 2017 | 5-40 yrs. | |||||||||||
| Virginia Springs II | Office | 4,821 | 26,448 | — | 3,870 | 4,821 | 30,318 | 35,139 | 4,527 | 2020 | 5-40 yrs. | |||||||||||
| MARS Campus | Office | 7,010 | 87,474 | — | 147 | 7,010 | 87,621 | 94,631 | 18,644 | 2019 | 5-40 yrs. | |||||||||||
| Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | PropertyType | 2024Encumbrance | Land | Bldg &Improv | Land | Bldg & Improv | Land | Bldg & Improv | Total Assets (1) | Accumulated Depreciation | Date of Construction |
| Virginia Springs I | Office | 4,534 | 25,632 | — | 308 | 4,534 | 25,940 | 30,474 | 5,720 | 2018 | 5-40 yrs. |
| 1100 Broadway - Land | Office | 29,845 | — | (259) | — | 29,586 | — | 29,586 | — | N/A | N/A |
| Asurion | Office | 33,219 | 230,569 | — | 2,778 | 33,219 | 233,347 | 266,566 | 24,670 | 2021 | 5-40 yrs. |
| Ovation - Land | Office | 89,231 | — | 215 | — | 89,446 | — | 89,446 | — | N/A | N/A |
| Broadway Stem - Land | Office | 6,218 | — | (1,335) | 526 | 4,883 | 526 | 5,409 | 44 | 2021 | 5-40 yrs. |
| YMCA Site - Land | Office | 16,121 | — | (28) | — | 16,093 | — | 16,093 | — | N/A | N/A |
| Orlando, FL | |||||||||||
| Capital Plaza Three - Land | Office | 2,994 | — | 18 | — | 3,012 | — | 3,012 | — | N/A | N/A |
| 1800 Eller Drive | Office | — | 9,851 | — | 1,927 | — | 11,778 | 11,778 | 8,372 | 1983 | 5-40 yrs. |
| 201 South Orange | Office | 3,893 | 29,541 | — | 16,392 | 3,893 | 45,933 | 49,826 | 15,068 | 1982 | 5-40 yrs. |
| Capital Plaza Two | Office | 4,346 | 43,394 | — | 15,556 | 4,346 | 58,950 | 63,296 | 18,008 | 1999 | 5-40 yrs. |
| Capital Plaza One | Office | 3,482 | 27,321 | — | 10,864 | 3,482 | 38,185 | 41,667 | 12,232 | 1975 | 5-40 yrs. |
| Landmark Center Two | Office | 4,743 | 22,031 | — | 11,634 | 4,743 | 33,665 | 38,408 | 12,521 | 1985 | 5-40 yrs. |
| Landmark Center One | Office | 6,207 | 22,655 | — | 12,542 | 6,207 | 35,197 | 41,404 | 14,113 | 1983 | 5-40 yrs. |
| Bank of America Plaza | Office | 3,490 | 56,079 | — | 11,841 | 3,490 | 67,920 | 71,410 | 18,237 | 2000 | 5-40 yrs. |
| Eola Centre | Office | 5,785 | 11,160 | — | 15,579 | 5,785 | 26,739 | 32,524 | 8,304 | 1969 | 5-40 yrs. |
| Pittsburgh, PA | |||||||||||
| One PPG Place | Office | 9,819 | 107,643 | — | 60,276 | 9,819 | 167,919 | 177,738 | 64,888 | 1983-1985 | 5-40 yrs. |
| Two PPG Place | Office | 2,302 | 10,978 | — | 16,110 | 2,302 | 27,088 | 29,390 | 9,970 | 1983-1985 | 5-40 yrs. |
| Three PPG Place | Office | 501 | 2,923 | — | 5,311 | 501 | 8,234 | 8,735 | 3,855 | 1983-1985 | 5-40 yrs. |
| Four PPG Place | Office | 620 | 3,239 | — | 3,378 | 620 | 6,617 | 7,237 | 3,134 | 1983-1985 | 5-40 yrs. |
| Five PPG Place | Office | 803 | 4,924 | — | 3,056 | 803 | 7,980 | 8,783 | 3,207 | 1983-1985 | 5-40 yrs. |
| Six PPG Place | Office | 3,353 | 25,602 | — | 17,450 | 3,353 | 43,052 | 46,405 | 17,869 | 1983-1985 | 5-40 yrs. |
| EQT Plaza | Office | 16,457 | 83,812 | (11,000) | (35,444) | 5,457 | 48,368 | 53,825 | 30,597 | 1987 | 5-40 yrs. |
| East Liberty - Land | Office | 2,478 | — | (1,204) | — | 1,274 | — | 1,274 | — | N/A | N/A |
| Raleigh, NC | |||||||||||
| 3600 Glenwood Avenue | Office | — | 10,994 | — | 4,176 | — | 15,170 | 15,170 | 9,818 | 1986 | 5-40 yrs. |
| 3737 Glenwood Avenue | Office | — | — | 318 | 18,987 | 318 | 18,987 | 19,305 | 10,529 | 1999 | 5-40 yrs. |
| 801 Raleigh Corporate Center | Office | 828 | — | 272 | 13,105 | 1,100 | 13,105 | 14,205 | 7,005 | 2002 | 5-40 yrs. |
| 2000 CentreGreen | Office | 1,529 | — | (391) | 14,074 | 1,138 | 14,074 | 15,212 | 7,317 | 2000 | 5-40 yrs. |
| 4000 CentreGreen | Office | 1,653 | — | (389) | 12,520 | 1,264 | 12,520 | 13,784 | 6,566 | 2001 | 5-40 yrs. |
| 5000 CentreGreen | Office | 1,291 | 34,572 | — | 1,878 | 1,291 | 36,450 | 37,741 | 10,904 | 2017 | 5-40 yrs. |
| 3000 CentreGreen | Office | 1,779 | — | (397) | 14,752 | 1,382 | 14,752 | 16,134 | 6,583 | 2002 | 5-40 yrs. |
| 1000 CentreGreen | Office | 1,280 | — | 55 | 13,574 | 1,335 | 13,574 | 14,909 | 5,974 | 2008 | 5-40 yrs. |
| GlenLake - Land | Office | 13,003 | — | (12,382) | 114 | 621 | 114 | 735 | 68 | 2001 | 5-40 yrs. |
| Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description · PropertyType · 2024Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction | ||||||||||||||||||||||
| GlenLake One | Office | 924 | — | 1,324 | 24,855 | 2,248 | 24,855 | 27,103 | 12,824 | 2002 | 5-40 yrs. | |||||||||||
| GlenLake Four | Office | 1,659 | — | 493 | 20,969 | 2,152 | 20,969 | 23,121 | 9,665 | 2006 | 5-40 yrs. | |||||||||||
| GlenLake Six | Office | 941 | — | (365) | 24,841 | 576 | 24,841 | 25,417 | 9,060 | 2008 | 5-40 yrs. | |||||||||||
| 701 Corporate Center | Office | 1,304 | — | 540 | 20,615 | 1,844 | 20,615 | 22,459 | 11,539 | 1996 | 5-40 yrs. | |||||||||||
| 7001 Weston Parkway | Office | 531 | — | (267) | 7,524 | 264 | 7,524 | 7,788 | 4,831 | 1998 | 5-40 yrs. | |||||||||||
| Inveresk Parcel 2 - Land | Office | 657 | — | 38 | 103 | 695 | 103 | 798 | 24 | 2015 | 5-40 yrs. | |||||||||||
| 4620 Creekstone Drive | Office | 149 | — | 107 | 5,901 | 256 | 5,901 | 6,157 | 2,530 | 2001 | 5-40 yrs. | |||||||||||
| 751 Corporate Center | Office | 2,665 | 16,939 | — | (442) | 2,665 | 16,497 | 19,162 | 4,488 | 2018 | 5-40 yrs. | |||||||||||
| PNC Plaza | Office | 1,206 | — | — | 66,613 | 1,206 | 66,613 | 67,819 | 29,133 | 2008 | 5-40 yrs. | |||||||||||
| 4700 Six Forks Road | Office | 666 | 2,665 | — | 1,965 | 666 | 4,630 | 5,296 | 2,838 | 1982 | 5-40 yrs. | |||||||||||
| 4700 Homewood Court | Office | 1,086 | 4,533 | — | 1,786 | 1,086 | 6,319 | 7,405 | 4,213 | 1983 | 5-40 yrs. | |||||||||||
| 4800 Six Forks Road | Office | 862 | 4,411 | — | 2,282 | 862 | 6,693 | 7,555 | 4,659 | 1987 | 5-40 yrs. | |||||||||||
| 4601 Creekstone Drive | Office | 255 | — | 217 | 6,593 | 472 | 6,593 | 7,065 | 3,710 | 1997 | 5-40 yrs. | |||||||||||
| Weston - Land | Office | 22,771 | — | (19,528) | — | 3,243 | — | 3,243 | — | N/A | N/A | |||||||||||
| 4625 Creekstone Drive | Office | 458 | — | 268 | 6,731 | 726 | 6,731 | 7,457 | 4,115 | 1995 | 5-40 yrs. | |||||||||||
| 11000 Weston Parkway | Office | 2,651 | 18,850 | — | 16,993 | 2,651 | 35,843 | 38,494 | 12,858 | 1998 | 5-40 yrs. | |||||||||||
| GlenLake Five | Office | 2,263 | 30,264 | — | (49) | 2,263 | 30,215 | 32,478 | 8,656 | 2014 | 5-40 yrs. | |||||||||||
| 11800 Weston Parkway | Office | 826 | 13,188 | — | 89 | 826 | 13,277 | 14,103 | 4,879 | 2014 | 5-40 yrs. | |||||||||||
| CentreGreen Café | Office | 41 | 3,509 | — | 15 | 41 | 3,524 | 3,565 | 887 | 2014 | 5-40 yrs. | |||||||||||
| CentreGreen Fitness Center | Office | 27 | 2,322 | — | 14 | 27 | 2,336 | 2,363 | 587 | 2014 | 5-40 yrs. | |||||||||||
| One City Plaza | Office | 11,288 | 68,375 | — | 23,001 | 11,288 | 91,376 | 102,664 | 30,262 | 1986 | 5-40 yrs. | |||||||||||
| Edison - Land | Office | 5,984 | — | 1,244 | — | 7,228 | — | 7,228 | — | N/A | N/A | |||||||||||
| Charter Square | Office | 7,267 | 65,881 | — | 4,617 | 7,267 | 70,498 | 77,765 | 17,804 | 2015 | 5-40 yrs. | |||||||||||
| MetLife Global Technology Campus | Office | 21,580 | 149,889 | — | 797 | 21,580 | 150,686 | 172,266 | 38,282 | 2015 | 5-40 yrs. | |||||||||||
| GlenLake Seven | Office | 1,662 | 37,332 | — | (24) | 1,662 | 37,308 | 38,970 | 5,406 | 2020 | 5-40 yrs. | |||||||||||
| Hargett - Land | Office | 9,248 | — | (833) | — | 8,415 | — | 8,415 | — | N/A | N/A | |||||||||||
| Forum 1 | Office | 1,278 | 27,809 | — | 1,635 | 1,278 | 29,444 | 30,722 | 4,563 | 1985 | 5-40 yrs. | |||||||||||
| Forum 2 | Office | 1,327 | 18,088 | — | (518) | 1,327 | 17,570 | 18,897 | 2,186 | 1988 | 5-40 yrs. | |||||||||||
| Forum 3 | Office | 994 | 23,931 | — | 1,517 | 994 | 25,448 | 26,442 | 4,639 | 1995 | 5-40 yrs. | |||||||||||
| Forum 4 | Office | 2,118 | 43,889 | — | 925 | 2,118 | 44,814 | 46,932 | 6,671 | 2000 | 5-40 yrs. | |||||||||||
| Forum 5 | Office | 1,552 | 26,263 | — | 1,583 | 1,552 | 27,846 | 29,398 | 4,991 | 2007 | 5-40 yrs. | |||||||||||
| Captrust Tower | Office | 84,054 | 9,670 | 124,530 | — | 4,138 | 9,670 | 128,668 | 138,338 | 12,734 | 2010 | 5-40 yrs. | ||||||||||
| 150 Fayetteville | Office | 107,584 | 7,677 | 130,049 | — | 22,978 | 7,677 | 153,027 | 160,704 | 17,817 | 1991 | 5-40 yrs. | ||||||||||
| GlenLake III | Office | 3,981 | 65,660 | 29 | 4,152 | 4,010 | 69,812 | 73,822 | 2,551 | 2023 | 5-40 yrs. | |||||||||||
| Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | PropertyType | 2024Encumbrance | Land | Bldg &Improv | Land | Bldg & Improv | Land | Bldg & Improv | Total Assets (1) | Accumulated Depreciation | Date of Construction |
| 2205 Evans Road - Land | Office | 2,676 | — | — | — | 2,676 | — | 2,676 | — | N/A | N/A |
| Other Property | Other | 27,260 | 20,868 | (13,375) | 103,939 | 13,885 | 124,807 | 138,692 | 70,766 | N/A | 5-40 yrs. |
| Richmond, VA | |||||||||||
| 4900 Cox Road | Office | 1,324 | 5,311 | 15 | 3,285 | 1,339 | 8,596 | 9,935 | 4,878 | 1991 | 5-40 yrs. |
| Colonnade Building | Office | 1,364 | 6,105 | — | 3,833 | 1,364 | 9,938 | 11,302 | 4,540 | 2003 | 5-40 yrs. |
| Highwoods Commons | Office | 521 | — | 458 | 5,270 | 979 | 5,270 | 6,249 | 2,688 | 1999 | 5-40 yrs. |
| Highwoods One | Office | 1,688 | — | 22 | 16,375 | 1,710 | 16,375 | 18,085 | 8,642 | 1996 | 5-40 yrs. |
| Highwoods Two | Office | 786 | — | 226 | 10,138 | 1,012 | 10,138 | 11,150 | 5,290 | 1997 | 5-40 yrs. |
| Highwoods Five | Office | 783 | — | 11 | 8,839 | 794 | 8,839 | 9,633 | 5,323 | 1998 | 5-40 yrs. |
| Highwoods Plaza | Office | 909 | — | 187 | 6,723 | 1,096 | 6,723 | 7,819 | 3,435 | 2000 | 5-40 yrs. |
| Innslake Center | Office | 845 | — | 125 | 7,706 | 970 | 7,706 | 8,676 | 4,623 | 2001 | 5-40 yrs. |
| 4101 Cox Road | Office | 1,205 | 4,825 | — | 3,093 | 1,205 | 7,918 | 9,123 | 4,496 | 1990 | 5-40 yrs. |
| North Park | Office | 2,163 | 8,659 | 6 | 3,314 | 2,169 | 11,973 | 14,142 | 7,536 | 1989 | 5-40 yrs. |
| North Shore Commons I | Office | 951 | — | 137 | 14,641 | 1,088 | 14,641 | 15,729 | 6,981 | 2002 | 5-40 yrs. |
| North Shore Commons II | Office | 2,067 | — | (89) | 13,036 | 1,978 | 13,036 | 15,014 | 4,992 | 2007 | 5-40 yrs. |
| North End - Land | Office | 1,497 | — | 55 | 10 | 1,552 | 10 | 1,562 | 3 | 2020 | 5-40 yrs. |
| One Shockoe Plaza | Office | — | — | 356 | 22,271 | 356 | 22,271 | 22,627 | 13,864 | 1996 | 5-40 yrs. |
| Lake Brook Commons | Office | 1,600 | 8,864 | (179) | 400 | 1,421 | 9,264 | 10,685 | 4,502 | 1996 | 5-40 yrs. |
| Highwoods Three | Office | 1,918 | — | 358 | 12,697 | 2,276 | 12,697 | 14,973 | 5,939 | 2005 | 5-40 yrs. |
| Stony Point I | Office | 1,384 | 11,630 | (267) | 4,867 | 1,117 | 16,497 | 17,614 | 10,274 | 1990 | 5-40 yrs. |
| Stony Point II | Office | 1,240 | — | 103 | 14,679 | 1,343 | 14,679 | 16,022 | 8,338 | 1999 | 5-40 yrs. |
| Stony Point III | Office | 995 | — | — | 10,718 | 995 | 10,718 | 11,713 | 5,947 | 2002 | 5-40 yrs. |
| Stony Point IV | Office | 955 | — | — | 13,735 | 955 | 13,735 | 14,690 | 5,712 | 2006 | 5-40 yrs. |
| 4480 Cox Road | Office | 1,301 | 6,036 | 15 | 3,583 | 1,316 | 9,619 | 10,935 | 4,987 | 1996 | 5-40 yrs. |
| Innsbrook Centre | Office | 914 | 8,249 | — | 1,144 | 914 | 9,393 | 10,307 | 4,643 | 1987 | 5-40 yrs. |
| Tampa, FL | |||||||||||
| Meridian Three | Office | 2,673 | 16,470 | — | 7,026 | 2,673 | 23,496 | 26,169 | 10,196 | 1989 | 5-40 yrs. |
| Bayshore Place | Office | 2,276 | 11,817 | — | 3,821 | 2,276 | 15,638 | 17,914 | 9,179 | 1990 | 5-40 yrs. |
| Highwoods Bay Center I | Office | 3,565 | — | (64) | 38,199 | 3,501 | 38,199 | 41,700 | 17,462 | 2007 | 5-40 yrs. |
| Horizon | Office | — | 6,257 | — | 4,902 | — | 11,159 | 11,159 | 6,332 | 1980 | 5-40 yrs. |
| Lakeside | Office | — | 7,369 | — | 7,126 | — | 14,495 | 14,495 | 9,953 | 1978 | 5-40 yrs. |
| Lakeside/Parkside Garage | Office | — | — | — | 5,817 | — | 5,817 | 5,817 | 3,446 | 2004 | 5-40 yrs. |
| One Harbour Place | Office | 2,016 | 25,252 | — | 16,127 | 2,016 | 41,379 | 43,395 | 23,894 | 1985 | 5-40 yrs. |
| Parkside | Office | — | 9,407 | — | 3,827 | — | 13,234 | 13,234 | 8,080 | 1979 | 5-40 yrs. |
| Pavilion | Office | — | 16,394 | — | 5,196 | — | 21,590 | 21,590 | 13,917 | 1982 | 5-40 yrs. |
| Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description · PropertyType · 2024Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction | ||||||||||||||||||||||
| Pavilion Parking Garage | Office | — | — | — | 5,922 | — | 5,922 | 5,922 | 3,675 | 1999 | 5-40 yrs. | |||||||||||
| Tower Place | Office | 3,218 | 19,898 | — | 9,818 | 3,218 | 29,716 | 32,934 | 17,897 | 1988 | 5-40 yrs. | |||||||||||
| Westshore Square | Office | 1,126 | 5,186 | — | 1,467 | 1,126 | 6,653 | 7,779 | 4,369 | 1976 | 5-40 yrs. | |||||||||||
| Meridian One | Office | 1,849 | 22,363 | — | 5,635 | 1,849 | 27,998 | 29,847 | 9,525 | 1984 | 5-40 yrs. | |||||||||||
| Meridian Two | Office | 1,302 | 19,588 | — | 6,550 | 1,302 | 26,138 | 27,440 | 9,014 | 1986 | 5-40 yrs. | |||||||||||
| Avion | Office | — | — | 6,310 | 44,142 | 6,310 | 44,142 | 50,452 | 10,847 | 2016 | 5-40 yrs. | |||||||||||
| Truist Place | Office | 1,980 | 102,138 | — | 32,622 | 1,980 | 134,760 | 136,740 | 37,976 | 1992 | 5-40 yrs. | |||||||||||
| Truist Place - Land | Office | 2,225 | — | — | — | 2,225 | — | 2,225 | — | N/A | N/A | |||||||||||
| Midtown West | Office | 44,965 | 16,543 | 34,818 | (218) | 9,986 | 16,325 | 44,804 | 61,129 | 5,693 | 2021 | 5-40 yrs. | ||||||||||
| $798,902 | $4,268,554 | $(1,336) | $1,656,130 | $797,566 | $5,924,684 | $6,722,250 | $1,855,097 | |||||||||||||||
(1)The cost basis for income tax purposes of aggregate land and buildings and tenant improvements as of December 31, 2024 is $6.4 billion.
(2)These assets are pledged as collateral for a $69.6 million first mortgage loan.
(3)These assets are pledged as collateral for a $121.3 million first mortgage loan.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on February 11, 2025.
| Highwoods Properties, Inc. | |
|---|---|
| By: | /s/ Theodore J. Klinck |
| Theodore J. Klinck | |
| President and Chief Executive Officer | |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacity and on the dates indicated.
| Signature | Title | Date |
|---|---|---|
| /s/ Carlos E. Evans | Chairman of the Board of Directors | February 11, 2025 |
| Carlos E. Evans | ||
| /s/ Theodore J. Klinck | President, Chief Executive Officer and Director | February 11, 2025 |
| Theodore J. Klinck | ||
| /s/ Charles A. Anderson | Director | February 11, 2025 |
| Charles A. Anderson | ||
| /s/ Gene H. Anderson | Director | February 11, 2025 |
| Gene H. Anderson | ||
| /s/ Thomas P. Anderson | Director | February 11, 2025 |
| Thomas P. Anderson | ||
| /s/ David L. Gadis | Director | February 11, 2025 |
| David L. Gadis | ||
| /s/ David J. Hartzell | Director | February 11, 2025 |
| David J. Hartzell | ||
| /s/ Anne H. Lloyd | Director | February 11, 2025 |
| Anne H. Lloyd | ||
| /s/ Candice W. Todd | Director | February 11, 2025 |
| Candice W. Todd | ||
| /s/ Brendan C. Maiorana | Executive Vice President and Chief Financial Officer | February 11, 2025 |
| Brendan C. Maiorana | ||
| /s/ Daniel L. Clemmens | Vice President and Chief Accounting Officer | February 11, 2025 |
| Daniel L. Clemmens | ||
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on February 11, 2025.
| Highwoods Realty Limited Partnership | |
|---|---|
| By: | Highwoods Properties, Inc., its sole general partner |
| By: | /s/ Theodore J. Klinck |
| Theodore J. Klinck | |
| President and Chief Executive Officer | |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacity and on the dates indicated.
| Signature | Title | Date |
|---|---|---|
| /s/ Carlos E. Evans | Chairman of the Board of Directors of the General Partner | February 11, 2025 |
| Carlos E. Evans | ||
| /s/ Theodore J. Klinck | President, Chief Executive Officer and Director of the General Partner | February 11, 2025 |
| Theodore J. Klinck | ||
| /s/ Charles A. Anderson | Director of the General Partner | February 11, 2025 |
| Charles A. Anderson | ||
| /s/ Gene H. Anderson | Director of the General Partner | February 11, 2025 |
| Gene H. Anderson | ||
| /s/ Thomas P. Anderson | Director of the General Partner | February 11, 2025 |
| Thomas P. Anderson | ||
| /s/ David L. Gadis | Director of the General Partner | February 11, 2025 |
| David L. Gadis | ||
| /s/ David J. Hartzell | Director of the General Partner | February 11, 2025 |
| David J. Hartzell | ||
| /s/ Anne H. Lloyd | Director of the General Partner | February 11, 2025 |
| Anne H. Lloyd | ||
| /s/ Candice W. Todd | Director of the General Partner | February 11, 2025 |
| Candice W. Todd | ||
| /s/ Brendan C. Maiorana | Executive Vice President and Chief Financial Officer of the General Partner | February 11, 2025 |
| Brendan C. Maiorana | ||
| /s/ Daniel L. Clemmens | Vice President and Chief Accounting Officer of the General Partner | February 11, 2025 |
| Daniel L. Clemmens | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.