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HRLP - Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Real estate assets, at cost: |  |
Land | $ 572,103 | $ 570,286
Buildings and tenant improvements | 5,919,475 | 5,826,603
Development in-process | 2,366 | 0
Land held for development | 233,325 | 221,048
Total real estate assets | 6,727,269 | 6,617,937
Less-accumulated depreciation | (1,844,374) | (1,796,586)
Net real estate assets | 4,882,895 | 4,821,351
Real estate and other assets, net, held for sale | 0 | 55,409
Cash and cash equivalents | 21,193 | 22,412
Restricted cash | 18,815 | 11,265
Accounts receivable | 27,839 | 28,287
Mortgages and notes receivable | 6,227 | 11,064
Accrued straight-line rents receivable | 314,477 | 308,853
Investments in and advances to unconsolidated affiliates | 496,196 | 485,726
Deferred leasing costs, net of accumulated amortization of $165,665 and $170,312, respectively | 221,609 | 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $22,933 and $20,626, respectively | 69,460 | 75,021
Total Assets | 6,058,711 | 6,029,355
Liabilities, Redeemable Operating Partnership Units and Capital: |  |
Mortgages and notes payable, net | 3,334,385 | 3,293,559
Accounts payable, accrued expenses and other liabilities | 281,210 | 304,551
Total Liabilities | 3,615,595 | 3,598,110
Commitments and contingencies |  |
Capital: |  |
Accumulated other comprehensive loss | (2,370) | (2,246)
Noncontrolling interests in consolidated affiliates | 4,105 | 4,291
Total Equity/Capital | 2,376,238 | 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital | 6,058,711 | 6,029,355
Highwoods Realty Limited Partnership |  |
Real estate assets, at cost: |  |
Land | 572,103 | 570,286
Buildings and tenant improvements | 5,919,475 | 5,826,603
Development in-process | 2,366 | 0
Land held for development | 233,325 | 221,048
Total real estate assets | 6,727,269 | 6,617,937
Less-accumulated depreciation | (1,844,374) | (1,796,586)
Net real estate assets | 4,882,895 | 4,821,351
Real estate and other assets, net, held for sale | 0 | 55,409
Cash and cash equivalents | 21,193 | 22,412
Restricted cash | 18,815 | 11,265
Accounts receivable | 27,839 | 28,287
Mortgages and notes receivable | 6,227 | 11,064
Accrued straight-line rents receivable | 314,477 | 308,853
Investments in and advances to unconsolidated affiliates | 496,196 | 485,726
Deferred leasing costs, net of accumulated amortization of $165,665 and $170,312, respectively | 221,609 | 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $22,933 and $20,626, respectively | 69,460 | 75,021
Total Assets | 6,058,711 | 6,029,355
Liabilities, Redeemable Operating Partnership Units and Capital: |  |
Mortgages and notes payable, net | 3,334,385 | 3,293,559
Accounts payable, accrued expenses and other liabilities | 281,210 | 304,551
Total Liabilities | 3,615,595 | 3,598,110
Commitments and contingencies |  |
Redeemable Operating Partnership Units: |  |
Common Units, 2,151,097 and 2,151,423 outstanding, respectively | 66,878 | 65,791
Series A Preferred Units (liquidation preference $1,000 per unit), 26,716 and 28,811 units issued and outstanding, respectively | 26,716 | 28,811
Total Redeemable Operating Partnership Units | 93,594 | 94,602
Capital: |  |
General partner Common Units, 1,096,292 and 1,093,664 outstanding, respectively | 23,477 | 23,345
Limited partner Common Units, 106,381,814 and 106,121,304 outstanding, respectively | 2,324,310 | 2,311,253
Accumulated other comprehensive loss | (2,370) | (2,246)
Noncontrolling interests in consolidated affiliates | 4,105 | 4,291
Total Equity/Capital | 2,349,522 | 2,336,643
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital | $ 6,058,711 | $ 6,029,355

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