---
schema_version: "secwatch.filing_event.v1"
accession: "0000921082-21-000032"
form_type: "8-K"
ticker: "HIW"
cik: "0000921082"
company_name: "HIGHWOODS PROPERTIES, INC."
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:39:19.108928+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Highwoods closes $683M acquisition of office portfolio from Preferred Apartment Communities

## Summary
- Total investment $683M includes $28M improvements and $4M costs; assumes $407M secured loans at 3.5% weighted avg rate, 10.7 yr maturity.
- Portfolio comprises four core office assets in Charlotte/Raleigh (1.63M sq ft, 94% occupied) and an Atlanta redevelopment site.
- Core assets projected to generate cash NOI of $38.3M and GAAP NOI of $42.8M in first four quarters post-closing.
- Initial cash funded with restricted cash from non-core asset sales and a $200M bridge facility (LIBOR+85bps, 6-month, extendable).
- Company plans to sell $500M-$600M of non-core assets by mid-2022 to repay bridge and return leverage to current levels.

## SEC filing metadata
- accession: 0000921082-21-000032
- form_type: 8-K
- ticker: HIW
- cik: 0000921082
- company_name: HIGHWOODS PROPERTIES, INC.
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921082/000092108221000032/0000921082-21-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921082/000092108221000032/hiw-20210729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921082-21-000032
- JSON: https://secwatch.observer/filing/0000921082-21-000032.json
- Plain text: https://secwatch.observer/filing/0000921082-21-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.