Highwoods Properties Says It Sold In Series Of Transactions Non-Core Properties In Raleigh For Combined Gross Proceeds Of $79.4M
Portfolio Pulse from Benzinga Newsdesk
Highwoods Properties announced the sale of non-core properties in Raleigh for a total of $79.4M, with $16.9M closed in Q1 2024 and the rest in early Q2.

April 04, 2024 | 8:09 pm
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Highwoods Properties sold non-core properties in Raleigh for $79.4M, with part of the proceeds received in Q1 2024 and the remainder in early Q2.
The sale of non-core properties is generally viewed positively as it indicates a strategic focus on core assets and an improvement in liquidity. The substantial proceeds from these sales could be used for debt reduction, reinvestment in core operations, or returned to shareholders, potentially leading to a positive impact on HIW's stock price in the short term.
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