Highwoods Properties, Inc. (NYSE: HIW) is a publicly traded, fully-integrated real estate investment trust (REIT) that specializes in the ownership, development, acquisition, leasing, and management of office properties. Headquartered in Raleigh, North Carolina, the company strategically focuses its portfolio on the 'best business districts' (BBDs) across high-growth Sun Belt markets, including Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa.
Highwoods generates the vast majority of its revenue through rental income from its extensive portfolio of office spaces, which spans over 26 million square feet. The company's business model centers on providing high-quality, commute-worthy workplace environments that attract a diverse base of corporate tenants, ranging from financial services and healthcare to technology and professional services firms. In addition to core leasing operations, Highwoods actively engages in property development and strategic capital recycling, selling non-core assets to fund new developments and acquisitions in target markets.
The company's competitive position is bolstered by its strong presence in the Sun Belt, a region characterized by favorable demographic trends, job growth, and corporate relocations. By maintaining a disciplined approach to capital allocation and focusing on premium office assets in amenity-rich locations, Highwoods Properties aims to deliver long-term value to its shareholders while meeting the evolving workspace needs of its customers.
