Piedmont Realty proposes $200M exchangeable notes, buys Arlington office for $52.7M

Piedmont Realty Trust, Inc.

Acquired 4075 Wilson Boulevard, ~189k sq ft Class A office in Arlington, VA for $52.7M; 83% leased, 5.5 years WALT.
Completed sale of Royal Lane Land in Dallas for ~$12.0M; signed contract to sell other office properties for ~$80M, expected Q4 2026.
Announced $200M exchangeable senior notes due 2031, with $30M greenshoe; proceeds to redeem 9.250% notes due 2028.
Up to ~$50M of note proceeds for share repurchases; notes will be fully and unconditionally guaranteed by Piedmont.

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