Highwoods has only purchased one building this year according to the N&O and that one is in Richmond. Locally they are in a disposition mode. It makes sense though as many of their local assets are fully stablized mature buildings. Now the REIT is seeking higher returns by deploying capital into the strength of Raleigh's market in the form of new development.
Read Hagels' article on the subject here. newsobserver.com REIT patient for value
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