TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo June 1, 2023 Brendan Maiorana Chief Financial Officer Highwoods Properties, Inc. Highwoods Realty Limited Partnership 150 Fayetteville Street Suite 1400 Raleigh, NC 27601 Re: Highwood Properties, Inc. Highwoods Realty Limited Partnership Form 10-Q for the quarterly period ended March 31, 2023 File No. 001-13100 File No. 000-21731 Dear Brendan Maiorana: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to the comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Form 10-Q for the quarterly period ended March 31, 2023 Notes to Condensed Consolidated Financial Statements 11. Subsequent Events, page 25 1. We note your disclosure on page 17 that as of March 31, 2023, your risk of loss with respect to the McKinney & Olive joint venture was $165.6 million, which represents the carrying value of your investment balance and includes $80.0 million of preferred equity that you funded to the joint venture. We further note your disclosure on page 25 that on April 21, 2023, you received $40.0 million of net proceeds upon the full redemption of your $80.0 million short-term preferred equity investment in the McKinney & Olive joint venture. As it appears that you only received $40.0 million for your $80.0 million investment, please tell us when/if you plan to receive the remaining $40.0 million or if you have considered the need for impairment at March 31, 2023. Within your response, Brendan Maiorana Highwoods Properties, Inc. June 1, 2023 Page 2 please reference the authoritative accounting literature management relied upon. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Babette Cooper at 202-551-3396 or Jennifer Monick at 202-551-3295 with any questions. FirstName LastNameBrendan Maiorana Sincerely, Comapany NameHighwoods Properties, Inc. Division of Corporation Finance June 1, 2023 Page 2 Office of Real Estate & Construction FirstName LastName