News
WORKING THROUGH VACANCIES
June 25, 2012
 |
| Highwoods CEO Ed Fritsch (flanked by Wells Fargo?s Brendan Maiorana and Highwoods CFO Terry Stevens during REIT World ) says lease fundamentals have been strong for five quarters despite talk that 2% economic growth is here to stay. Specifically, Ed also spoke about 2800 Century Center in Atlanta, which has 151k SF of vacancies coming but sound prospects for 100k of that. He says Highwoods is aiming for $100M to $300M of acquisitions this year (last year hit $309M), which will require a heftier second half, though the REIT has acquired $20M YTD and has another $30M under contract. It plans to sell $100M to $150M of non-core assets, including $20.5M already done. |
