SOURCE: Highwoods Properties

Highwoods Properties

September 06, 2012 06:15 ET

Highwoods Properties Completes $150 Million ATM Program

RALEIGH, NC--(Marketwire - Sep 6, 2012) -  Highwoods Properties, Inc. (NYSE: HIW) today announced it has completed sales of common stock under its $150.0 million at-the-market ("ATM") program commenced in May 2011. Subsequent to the Company's second quarter earnings release on July 26, 2012, the Company has sold 1,030,150 shares, raising net proceeds of $33.4 million.

About Highwoods Properties
Highwoods Properties, headquartered in Raleigh, North Carolina, is a publicly traded (NYSE: HIW) real estate investment trust ("REIT") and a member of the S&P MidCap 400 Index. The Company is a fully integrated, self-administered REIT that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. At June 30, 2012, Highwoods owned or had an interest in 338 in-service office, industrial and retail properties encompassing approximately 34.6 million square feet and owned 581 acres of development land. The Company's properties and development land are located in Florida, Georgia, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee and Virginia.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. A prospectus supplement and accompanying base prospectus relating to the ATM program has been filed with the SEC.