HIGHWOODS ACQUIRES THE PINNACLE AT SYMPHONY PLACE

HIGHWOODS ACQUIRES THE PINNACLE AT SYMPHONY PLACE September 5, 2013 Photo Credit: Kyle Dreier Safe Harbor Certain matters discussed in this present...
Author: Vivien Haynes
1 downloads 0 Views 3MB Size
HIGHWOODS ACQUIRES THE PINNACLE AT SYMPHONY PLACE September 5, 2013

Photo Credit: Kyle Dreier

Safe Harbor Certain matters discussed in this presentation, such as anticipated total investment, projected leasing activity, estimated replacement cost and expected net operating income of acquired properties, are forward-looking statements within the meaning of the federal securities laws. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be achieved. Factors that could cause actual results to differ materially from our current expectations include, among others, the following: the financial condition of our customers could deteriorate; competitive development activity could result in excessive supply of properties; investment projects may not be completed as quickly or on as favorable terms as anticipated; we may not be able to lease or re-lease second generation space quickly or on as favorable terms as old leases; our markets may suffer declines in economic growth; unanticipated increases in interest rates could increase our debt service costs; unanticipated increases in operating expenses could negatively impact our net operating income; we may not be able to meet our liquidity requirements or obtain capital on favorable terms to fund our working capital needs and growth initiatives or to repay or refinance outstanding debt upon maturity and others detailed in our 2012 Annual Report and subsequent SEC reports.

DEVELOPMENT | ACQUISITION | LEASING | ASSET MANAGEMENT | NYSE: HIW

/ 2

STRATEGIC INVESTMENT

Ideally Located in the Heart of Nashville’s Thriving CBD Office, Entertainment and Arts District

DISTINCTIVE ASSET

STRONG MARKET

SOLID RENT ROLL

Investment $152.8M $294/SF

Leverage Neutral

7% Below

Replacement Cost