Highwoods Properties Selected as 2023 Gold Level Green Lease Leader
12 April 2023 - 10:05PM
Highwoods Properties, Inc. (NYSE:HIW) announces it
has been selected as a 2023 Gold Level Green Lease Leader by the
Institute for Market Transformation (IMT) and the U.S. Department
of Energy’s (DOE) Better Buildings Alliance at the Better
Buildings, Better Plants Summit.
Launched in 2014, Green Lease Leaders set
standards for what constitutes a green lease, while recognizing
landlords and tenants who modernize their leases to spur
collaborative action on energy efficiency, cost-savings, air
quality improvement and sustainability in buildings. Highwoods has
achieved this recognition for demonstrating excellence in
sustainability practices including energy efficiency, cost recovery
for capital improvements, training and utility data tracking.
This honor follows another recognition by the
Department of Energy in 2022 for selecting Highwoods Properties as
ENERGY STAR Executive Member. Currently, 74 properties are ENERGY
STAR certified.
Ted Klinck, President and CEO of Highwoods,
stated, "We continue to advance our resiliency initiatives and
drive performance improvements across our high-quality portfolio
and are thrilled to be recognized as a GOLD Green Lease
Leader.”
About HighwoodsHighwoods
Properties, Inc., headquartered in Raleigh, 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 office REIT that owns, develops, acquires, leases
and manages properties primarily in the best business districts
(BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh,
Richmond and Tampa. For more information about Highwoods,
please visit our website at www.highwoods.com.
Forward-Looking Statements
Some of the information in this press release
may contain forward-looking statements. Such statements include, in
particular, statements about the Company’s long-term resiliency
initiatives. You can identify forward-looking statements by our use
of forward-looking terminology such as “may,” “will,” “expect,”
“anticipate,” “estimate,” “continue” or other similar words.
Although we believe that our plans, intentions and expectations
reflected in or suggested by such forward-looking statements are
reasonable, we cannot assure you that our plans, intentions or
expectations will be achieved.
Factors that could cause our actual results to
differ materially from Highwoods’ current expectations include,
among others, the following: the financial condition of our
customers could deteriorate; our assumptions regarding potential
losses related to customer financial difficulties could prove
incorrect; counterparties under our debt instruments, particularly
our revolving credit facility, may attempt to avoid their
obligations thereunder, which, if successful, would reduce our
available liquidity; we may not be able to lease or re-lease second
generation space, defined as previously occupied space that becomes
available for lease, quickly or on as favorable terms as old
leases; we may not be able to lease newly constructed buildings as
quickly or on as favorable terms as originally anticipated; we may
not be able to complete development, acquisition, reinvestment,
disposition or joint venture projects as quickly or on as favorable
terms as anticipated; development activity in our existing markets
could result in an excessive supply relative to customer demand;
our markets may suffer declines in economic and/or office
employment growth; unanticipated increases in interest rates could
increase our debt service costs; unanticipated increases in
operating expenses could negatively impact our operating results;
natural disasters and climate change could have an adverse impact
on our cash flow and operating results; 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 repay or
refinance outstanding debt upon maturity; and the Company could
lose key executive officers.
This list of risks and uncertainties, however,
is not intended to be exhaustive. You should also review the other
cautionary statements we make in “Risk Factors” set forth in our
2022 Annual Report on Form 10-K. Given these uncertainties, you
should not place undue reliance on forward-looking statements. We
undertake no obligation to publicly release the results of any
revisions to these forward-looking statements to reflect any future
events or circumstances or to reflect the occurrence of
unanticipated events.
Contact: |
Brendan MaioranaExecutive Vice
President and Chief Financial
Officerbrendan.maiorana@highwoods.com919-872-4924 |
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