Schedule III

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule Of Real Estate And Accumulated Depreciation Note To Schedule III

HIGHWOODS PROPERTIES, INC.

HIGHWOODS REALTY LIMITED PARTNERSHIP

NOTE TO SCHEDULE III

(in thousands)

The following table sets forth the activity of real estate assets and accumulated depreciation:

	December 31,
	2016			2015			2014
Real estate assets:
Beginning balance	$	4,915,858		$	4,271,966		$	4,215,275
Additions:
Acquisitions, development and improvements	353,236			708,793			282,105
Cost of real estate sold and retired	(403,991		)	(64,901		)	(225,414		)
Ending balance (a)	$	4,865,103		$	4,915,858		$	4,271,966
Accumulated depreciation:
Beginning balance	$	1,138,378		$	1,024,936		$	977,074
Depreciation expense	173,072			168,663			154,448
Real estate sold and retired	(177,347		)	(55,221		)	(106,586		)
Ending balance (b)	$	1,134,103		$	1,138,378		$	1,024,936

(a) Reconciliation of total real estate assets to balance sheet caption:

	2016		2015			2014
Total per Schedule III	$	4,865,103	$	4,915,858		$	4,271,966
Development in-process exclusive of land included in Schedule III	279,602		194,050			201,409
Real estate assets, net, held for sale	—		(340,581		)	(331,813		)
Total real estate assets	$	5,144,705	$	4,769,327		$	4,141,562

(b) Reconciliation of total accumulated depreciation to balance sheet caption:

	2016		2015			2014
Total per Schedule III	$	1,134,103	$	1,138,378		$	1,024,936
Real estate assets, net, held for sale	—		(131,274		)	(131,419		)
Total accumulated depreciation	$	1,134,103	$	1,007,104		$	893,517

Real Estate and Accumulated Depreciation Disclosure

HIGHWOODS PROPERTIES, INC.

HIGHWOODS REALTY LIMITED PARTNERSHIP

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

(in thousands)

December 31, 2016

			Initial Costs				Costs Capitalized Subsequent to Acquisition					Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land		Bldg & Improv		Land			Bldg & Improv		Land		Bldg & Improv		Total Assets (2)		Accumulated Depreciation		Date of Construction	Life on Which Depreciation is Calculated
Atlanta, GA
1700 Century Circle	Office		$	—	$	2,482	$	2		$	1,546	$	2	$	4,028	$	4,030	$	1,136	1983	5-40 yrs.
1800 Century Boulevard	Office		1,444		29,081		—			15,019		1,444		44,100		45,544		24,550		1975	5-40 yrs.
1825 Century Parkway	Office		864		—		303			14,439		1,167		14,439		15,606		5,493		2002	5-40 yrs.
1875 Century Boulevard	Office		—		8,924		—			8,228		—		17,152		17,152		5,182		1976	5-40 yrs.
1900 Century Boulevard	Office		—		4,744		—			728		—		5,472		5,472		3,234		1971	5-40 yrs.
2200 Century Parkway	Office		—		14,432		—			5,580		—		20,012		20,012		9,808		1971	5-40 yrs.
2400 Century Parkway	Office		—		—		406			12,766		406		12,766		13,172		5,904		1998	5-40 yrs.
2500 Century Parkway	Office		—		—		328			14,424		328		14,424		14,752		6,142		2005	5-40 yrs.
2500/2635 Parking Garage	Office		—		—		—			6,317		—		6,317		6,317		1,754		2005	5-40 yrs.
2600 Century Parkway	Office		—		10,679		—			4,280		—		14,959		14,959		8,127		1973	5-40 yrs.
2635 Century Parkway	Office		—		21,643		—			4,975		—		26,618		26,618		12,725		1980	5-40 yrs.
2800 Century Parkway	Office		—		20,449		—			12,429		—		32,878		32,878		14,770		1983	5-40 yrs.
50 Glenlake	Office		2,500		20,006		—			3,999		2,500		24,005		26,505		11,483		1997	5-40 yrs.
Century Plaza I	Office		1,290		8,567		—			4,840		1,290		13,407		14,697		5,709		1981	5-40 yrs.
Century Plaza II	Office		1,380		7,733		—			2,947		1,380		10,680		12,060		4,526		1984	5-40 yrs.
Federal Aviation Administration	Office		1,196		—		1,416			15,156		2,612		15,156		17,768		4,578		2009	5-40 yrs.
Henry County - Land	Industrial		3,010		—		13			—		3,023		—		3,023		—		N/A	N/A
5405 Windward Parkway	Office		3,342		32,111		—			19,171		3,342		51,282		54,624		17,856		1998	5-40 yrs.
Riverpoint - Land	Industrial		7,250		—		3,913			2,543		11,163		2,543		13,706		449		N/A	5-40 yrs.
Riverwood 100	Office		5,785		64,913		(29		)	13,848		5,756		78,761		84,517		13,280		1989	5-40 yrs.
South Park Residential - Land	Other		50		—		7			—		57		—		57		—		N/A	N/A
South Park Site - Land	Industrial		1,204		—		754			—		1,958		—		1,958		—		N/A	N/A
Tradeport - Land	Industrial		5,243		—		(4,819		)	—		424		—		424		—		N/A	N/A
Two Point Royal	Office		1,793		14,964		—			3,645		1,793		18,609		20,402		8,526		1997	5-40 yrs.
Two Alliance Center	Office		9,579		125,549		—			4,026		9,579		129,575		139,154		21,476		2009	5-40 yrs.
One Alliance Center	Office		14,775		123,071		—			10,994		14,775		134,065		148,840		16,596		2001	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition				Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv		Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
10 Glenlake North	Office		5,349	26,334	—		968		5,349	27,302	32,651	4,002	2000	5-40 yrs.
10 Glenlake South	Office		5,103	22,811	—		2,715		5,103	25,526	30,629	3,612	1999	5-40 yrs.
Riverwood 300 Land	Office		400	—	—		—		400	—	400	—	N/A	N/A
Monarch Tower	Office		22,717	143,068	—		3,379		22,717	146,447	169,164	6,646	1997	5-40 yrs.
Monarch Plaza	Office		27,678	88,962	—		3,086		27,678	92,048	119,726	4,440	1983	5-40 yrs.
Memphis, TN
3400 Players Club Parkway	Office		1,005	—	207		6,172		1,212	6,172	7,384	2,810	1997	5-40 yrs.
Triad Centre I	Office		2,340	11,385	(849	)	4,860		1,491	16,245	17,736	7,230	1985	5-40 yrs.
Triad Centre II	Office		1,980	8,677	(404	)	4,873		1,576	13,550	15,126	5,367	1987	5-40 yrs.
Atrium I & II	Office		1,570	6,253	—		3,861		1,570	10,114	11,684	4,626	1984	5-40 yrs.
Centrum	Office		1,013	5,580	—		3,382		1,013	8,962	9,975	4,229	1979	5-40 yrs.
Comcast	Office		946	—	—		8,620		946	8,620	9,566	3,446	2008	5-40 yrs.
International Place Phase II	Office		4,884	27,782	—		4,940		4,884	32,722	37,606	16,200	1988	5-40 yrs.
PennMarc Centre	Office		3,607	10,240	—		3,820		3,607	14,060	17,667	3,752	2008	5-40 yrs.
Shadow Creek I	Office		924	—	466		7,280		1,390	7,280	8,670	2,915	2000	5-40 yrs.
Shadow Creek II	Office		734	—	467		7,848		1,201	7,848	9,049	2,561	2001	5-40 yrs.
Southwind Office Center A	Office		1,004	5,694	282		1,306		1,286	7,000	8,286	3,362	1991	5-40 yrs.
Southwind Office Center B	Office		1,366	7,754	—		1,186		1,366	8,940	10,306	4,508	1990	5-40 yrs.
Southwind Office Center C	Office		1,070	—	221		5,496		1,291	5,496	6,787	2,626	1998	5-40 yrs.
Southwind Office Center D	Office		744	—	193		5,900		937	5,900	6,837	2,559	1999	5-40 yrs.
Colonnade	Office		1,300	6,481	267		2,255		1,567	8,736	10,303	3,787	1998	5-40 yrs.
ThyssenKrupp Elevator Mfg Headquarters	Office		1,040	—	25		6,237		1,065	6,237	7,302	1,559	2007	5-40 yrs.
Crescent Center	Office		7,875	32,756	(547	)	9,934		7,328	42,690	50,018	9,281	1986	5-40 yrs.
Southwind - Land	Office		3,662	—	(1,477	)	—		2,185	—	2,185	—	N/A	N/A
Triad Centre III	Office		1,253	—	—		36,670		1,253	36,670	37,923	8,497	2009	5-40 yrs.
Capital Grille	Office		311	3,258	—		21		311	3,279	3,590	770	2014	5-40 yrs.
Seasons 52	Office		320	3,741	—		—		320	3,741	4,061	854	2014	5-40 yrs.
International Place IV	Office		4,940	49,141	—		(109	)	4,940	49,032	53,972	2,348	2015	5-40 yrs.
Nashville, TN
3322 West End	Office		3,025	27,490	—		5,278		3,025	32,768	35,793	13,703	1986	5-40 yrs.
3401 West End	Office		5,862	22,917	—		3,750		5,862	26,667	32,529	14,121	1982	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition			Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv	Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
5310 Maryland Way	Office		1,863	7,201	—		3,667	1,863	10,868	12,731	4,552	1994	5-40 yrs.
Cool Springs 1 & 2 Deck	Office		—	—	—		3,989	—	3,989	3,989	910	2007	5-40 yrs.
Cool Springs 3 & 4 Deck	Office		—	—	—		4,461	—	4,461	4,461	1,082	2007	5-40 yrs.
Cool Springs I	Office		1,583	—	15		14,157	1,598	14,157	15,755	6,149	1999	5-40 yrs.
Cool Springs II	Office		1,824	—	346		18,643	2,170	18,643	20,813	7,022	1999	5-40 yrs.
Cool Springs III	Office		1,631	—	804		15,376	2,435	15,376	17,811	4,034	2006	5-40 yrs.
Cool Springs IV	Office		1,715	—	—		19,112	1,715	19,112	20,827	4,194	2008	5-40 yrs.
Cool Springs V – Healthways	Office		3,688	—	295		53,000	3,983	53,000	56,983	15,780	2007	5-40 yrs.
Harpeth On The Green II	Office		1,419	5,677	—		2,493	1,419	8,170	9,589	4,092	1984	5-40 yrs.
Harpeth On The Green III	Office		1,660	6,649	—		2,908	1,660	9,557	11,217	4,319	1987	5-40 yrs.
Harpeth On The Green IV	Office		1,713	6,842	—		2,186	1,713	9,028	10,741	4,328	1989	5-40 yrs.
Harpeth On The Green V	Office		662	—	197		5,574	859	5,574	6,433	2,454	1998	5-40 yrs.
Hickory Trace	Office		1,164	—	164		4,515	1,328	4,515	5,843	1,687	2001	5-40 yrs.
Highwoods Plaza I	Office		1,552	—	307		8,517	1,859	8,517	10,376	4,179	1996	5-40 yrs.
Highwoods Plaza II	Office		1,448	—	307		8,818	1,755	8,818	10,573	3,369	1997	5-40 yrs.
Seven Springs - Land II	Office		3,715	—	(3,715	)	—	—	—	—	—	N/A	N/A
Seven Springs I	Office		2,076	—	592		12,363	2,668	12,363	15,031	4,646	2002	5-40 yrs.
SouthPointe	Office		1,655	—	310		7,791	1,965	7,791	9,756	3,299	1998	5-40 yrs.
The Ramparts of Brentwood	Office		2,394	12,806	—		1,647	2,394	14,453	16,847	5,950	1986	5-40 yrs.
Westwood South	Office		2,106	—	382		10,730	2,488	10,730	13,218	4,212	1999	5-40 yrs.
100 Winners Circle	Office		1,497	7,258	—		1,936	1,497	9,194	10,691	4,461	1987	5-40 yrs.
The Pinnacle at Symphony Place	Office		—	141,469	—		6,328	—	147,797	147,797	17,866	2010	5-40 yrs.
Seven Springs East	Office		2,525	37,587	—		8	2,525	37,595	40,120	3,719	2013	5-40 yrs.
The Shops at Seven Springs	Office		803	8,223	—		503	803	8,726	9,529	1,132	2013	5-40 yrs.
Seven Springs West	Office		—	—	2,439		51,306	2,439	51,306	53,745	788	2016	5-40 yrs.
Virginia Springs - Land	Office		—	—	9,064		—	9,064	—	9,064	—	N/A	N/A
Orlando, FL
Berkshire at MetroCenter	Office		1,265	—	672		11,793	1,937	11,793	13,730	3,420	2007	5-40 yrs.
Capital Plaza III - Land	Office		2,994	—	18		—	3,012	—	3,012	—	N/A	N/A
Eola Park - Land	Office		2,027	—	—		—	2,027	—	2,027	—	N/A	N/A
Oxford - Land	Office		1,100	—	51		—	1,151	—	1,151	—	N/A	N/A

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition			Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv	Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
Stratford - Land	Office		2,034	—	(148	)	—	1,886	—	1,886	—	N/A	N/A
Windsor at MetroCenter	Office		—	—	2,060		8,230	2,060	8,230	10,290	2,867	2002	5-40 yrs.
The 1800 Eller Drive Building	Office		—	9,851	—		3,585	—	13,436	13,436	7,740	1983	5-40 yrs.
Seaside Plaza	Office		3,893	29,541	—		4,972	3,893	34,513	38,406	4,512	1982	5-40 yrs.
Capital Plaza Two	Office		4,346	43,394	—		3,695	4,346	47,089	51,435	5,268	1999	5-40 yrs.
Capital Plaza One	Office		3,482	27,321	—		3,184	3,482	30,505	33,987	3,824	1975	5-40 yrs.
Landmark Center Two	Office		4,743	22,031	—		7,108	4,743	29,139	33,882	3,884	1985	5-40 yrs.
Landmark Center One	Office		6,207	22,655	—		7,516	6,207	30,171	36,378	3,470	1983	5-40 yrs.
Lincoln Plaza	Office		3,490	56,079	—		3,170	3,490	59,249	62,739	4,112	2000	5-40 yrs.
Eola	Office	19,066	3,758	11,160	—		1,786	3,758	12,946	16,704	931	1969	5-40 yrs.
Greensboro, NC
6348 Burnt Poplar	Industrial		724	2,900	—		336	724	3,236	3,960	1,701	1990	5-40 yrs.
6350 Burnt Poplar	Industrial		341	1,374	—		781	341	2,155	2,496	878	1992	5-40 yrs.
420 Gallimore Dairy Road	Office		379	1,516	—		936	379	2,452	2,831	1,091	1990	5-40 yrs.
418 Gallimore Dairy Road	Office		462	1,849	—		590	462	2,439	2,901	1,300	1986	5-40 yrs.
416 Gallimore Dairy Road	Office		322	1,293	—		584	322	1,877	2,199	877	1986	5-40 yrs.
7031 Albert Pick Road	Office		510	2,921	—		2,292	510	5,213	5,723	2,613	1986	5-40 yrs.
7029 Albert Pick Road	Office		739	3,237	—		1,851	739	5,088	5,827	2,684	1988	5-40 yrs.
7025 Albert Pick Road	Office		2,393	9,576	—		5,583	2,393	15,159	17,552	7,283	1990	5-40 yrs.
7027 Albert Pick Road	Office		850	—	699		5,200	1,549	5,200	6,749	1,978	1997	5-40 yrs.
7009 Albert Pick Road	Industrial		224	1,068	—		262	224	1,330	1,554	663	1990	5-40 yrs.
426 Gallimore Dairy Road	Office		465	—	380		1,254	845	1,254	2,099	585	1996	5-40 yrs.
422 Gallimore Dairy Road	Industrial		145	1,081	—		379	145	1,460	1,605	797	1990	5-40 yrs.
406 Gallimore Dairy Road	Office		265	—	270		911	535	911	1,446	517	1996	5-40 yrs.
7021 Albert Pick Road	Industrial		237	1,103	—		306	237	1,409	1,646	753	1985	5-40 yrs.
7019 Albert Pick Road	Industrial		192	946	—		375	192	1,321	1,513	636	1985	5-40 yrs.
7015 Albert Pick Road	Industrial		305	1,219	—		262	305	1,481	1,786	787	1985	5-40 yrs.
7017 Albert Pick Road	Industrial		225	928	—		424	225	1,352	1,577	634	1985	5-40 yrs.
7011 Albert Pick Road	Industrial		171	777	—		363	171	1,140	1,311	574	1990	5-40 yrs.
424 Gallimore Dairy Road	Office		271	—	239		833	510	833	1,343	367	1997	5-40 yrs.
410 Gallimore Dairy Road	Industrial		356	1,613	—		778	356	2,391	2,747	1,193	1985	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition			Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv	Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
412 Gallimore Dairy Road	Industrial		374	1,523	—		581	374	2,104	2,478	1,085	1985	5-40 yrs.
408 Gallimore Dairy Road	Industrial		341	1,486	—		758	341	2,244	2,585	1,233	1986	5-40 yrs.
414 Gallimore Dairy Road	Industrial		659	2,676	—		1,034	659	3,710	4,369	1,985	1988	5-40 yrs.
237 Burgess Road	Industrial		860	2,919	—		1,080	860	3,999	4,859	1,923	1986	5-40 yrs.
235 Burgess Road	Industrial		1,302	4,392	—		1,556	1,302	5,948	7,250	2,901	1987	5-40 yrs.
241 Burgess Road	Industrial		450	1,517	—		1,265	450	2,782	3,232	1,447	1988	5-40 yrs.
243 Burgess Road	Industrial		452	1,514	—		317	452	1,831	2,283	950	1988	5-40 yrs.
496 Gallimore Dairy Road	Industrial		546	—	—		3,033	546	3,033	3,579	1,477	1998	5-40 yrs.
494 Gallimore Dairy Road	Industrial		749	—	—		3,050	749	3,050	3,799	1,142	1999	5-40 yrs.
486 Gallimore Dairy Road	Industrial		603	—	—		3,097	603	3,097	3,700	1,054	1999	5-40 yrs.
488 Gallimore Dairy Road	Industrial		499	—	—		2,238	499	2,238	2,737	885	1999	5-40 yrs.
490 Gallimore Dairy Road	Industrial		1,733	—	—		6,297	1,733	6,297	8,030	3,578	1999	5-40 yrs.
Brigham Road - Land	Industrial		7,059	—	(4,610	)	—	2,449	—	2,449	—	N/A	N/A
651 Brigham Road	Industrial		453	—	360		2,981	813	2,981	3,794	1,212	2002	5-40 yrs.
657 Brigham Road	Industrial		2,733	—	881		10,634	3,614	10,634	14,248	2,725	2006	5-40 yrs.
653 Brigham Road	Industrial		814	—	—		3,587	814	3,587	4,401	813	2007	5-40 yrs.
1501 Highwoods Boulevard	Office		1,476	—	—		7,909	1,476	7,909	9,385	2,922	2001	5-40 yrs.
Jefferson Pilot - Land	Office		11,759	—	(4,311	)	—	7,448	—	7,448	—	N/A	N/A
4200 Tudor Lane	Industrial		515	—	383		2,820	898	2,820	3,718	1,194	1996	5-40 yrs.
4224 Tudor Lane	Industrial		435	—	288		2,428	723	2,428	3,151	937	1996	5-40 yrs.
7023 Albert Pick Road	Office		834	3,459	—		1,046	834	4,505	5,339	2,294	1989	5-40 yrs.
370 Knollwood Street	Office		1,826	7,495	—		3,856	1,826	11,351	13,177	5,531	1994	5-40 yrs.
380 Knollwood Street	Office		2,989	12,029	—		4,551	2,989	16,580	19,569	8,786	1990	5-40 yrs.
Church St Medical Center I	Office		2,734	9,129	—		372	2,734	9,501	12,235	1,201	2003	5-40 yrs.
Church St Medical Center II	Office		2,376	5,451	—		174	2,376	5,625	8,001	1,177	2007	5-40 yrs.
Church St Medical Center III	Office		925	4,551	—		119	925	4,670	5,595	837	2008	5-40 yrs.
628 Green Valley Road	Office		2,906	12,141	—		910	2,906	13,051	15,957	1,497	1998	5-40 yrs.
701 Green Valley Road	Office		3,787	7,719	—		1,028	3,787	8,747	12,534	1,279	1996	5-40 yrs.
661 Brigham Road	Office		—	—	890		5,512	890	5,512	6,402	104	2016	5-40 yrs.
Pittsburgh, PA
One PPG Place	Office	(1)	9,819	107,643	—		41,066	9,819	148,709	158,528	26,724	1983-1985	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition			Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv	Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
Two PPG Place	Office	(1)	2,302	10,978	—		6,731	2,302	17,709	20,011	2,240	1983-1985	5-40 yrs.
Three PPG Place	Office	(1)	501	2,923	—		4,000	501	6,923	7,424	1,173	1983-1985	5-40 yrs.
Four PPG Place	Office	(1)	620	3,239	—		1,778	620	5,017	5,637	932	1983-1985	5-40 yrs.
Five PPG Place	Office	(1)	803	4,924	—		1,779	803	6,703	7,506	1,438	1983-1985	5-40 yrs.
Six PPG Place	Office	(1)	3,353	25,602	—		7,249	3,353	32,851	36,204	4,860	1983-1985	5-40 yrs.
EQT Plaza	Office		—	83,812	16,457		12,124	16,457	95,936	112,393	14,846	1987	5-40 yrs.
Raleigh, NC
3600 Glenwood Avenue	Office		—	10,994	—		4,550	—	15,544	15,544	7,729	1986	5-40 yrs.
3737 Glenwood Avenue	Office		—	—	318		16,434	318	16,434	16,752	6,545	1999	5-40 yrs.
4800 North Park	Office		2,678	17,630	—		7,556	2,678	25,186	27,864	15,215	1985	5-40 yrs.
5000 North Park	Office		1,010	4,612	(49	)	3,214	961	7,826	8,787	4,528	1980	5-40 yrs.
801 Raleigh Corporate Center	Office		828	—	272		10,748	1,100	10,748	11,848	3,511	2002	5-40 yrs.
Blue Ridge I	Office		722	4,606	—		1,780	722	6,386	7,108	3,379	1982	5-40 yrs.
Blue Ridge II	Office		462	1,410	—		774	462	2,184	2,646	1,439	1988	5-40 yrs.
Cape Fear	Office		131	1,630	(2	)	1,159	129	2,789	2,918	2,327	1979	5-40 yrs.
Catawba	Office		125	1,635	(2	)	2,370	123	4,005	4,128	3,630	1980	5-40 yrs.
CentreGreen One	Office		1,529	—	(391	)	10,559	1,138	10,559	11,697	4,583	2000	5-40 yrs.
CentreGreen Two	Office		1,653	—	(389	)	10,192	1,264	10,192	11,456	3,529	2001	5-40 yrs.
CentreGreen Four	Office		1,779	—	(397	)	13,685	1,382	13,685	15,067	3,323	2002	5-40 yrs.
CentreGreen Five	Office		1,280	—	55		12,798	1,335	12,798	14,133	4,091	2008	5-40 yrs.
Cottonwood	Office		609	3,244	—		589	609	3,833	4,442	2,177	1983	5-40 yrs.
Dogwood	Office		766	2,769	—		538	766	3,307	4,073	1,918	1983	5-40 yrs.
GlenLake - Land	Office		13,003	—	(8,359	)	114	4,644	114	4,758	45	N/A	5-40 yrs.
GlenLake One	Office		924	—	1,324		21,097	2,248	21,097	23,345	7,358	2002	5-40 yrs.
GlenLake Four	Office		1,659	—	493		21,790	2,152	21,790	23,942	7,571	2006	5-40 yrs.
GlenLake Six	Office		941	—	(365	)	22,573	576	22,573	23,149	6,594	2008	5-40 yrs.
701 Raleigh Corporate Center	Office		1,304	—	540		16,121	1,844	16,121	17,965	7,906	1996	5-40 yrs.
Highwoods Centre	Office		531	—	(267	)	7,658	264	7,658	7,922	3,427	1998	5-40 yrs.
Highwoods Office Center North - Land	Office		357	49	—		—	357	49	406	36	N/A	5-40 yrs.
Highwoods Tower One	Office		203	16,744	—		6,276	203	23,020	23,223	12,622	1991	5-40 yrs.
Highwoods Tower Two	Office		365	—	503		21,269	868	21,269	22,137	8,646	2001	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition				Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv		Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
Inveresk Parcel 2 - Land	Office		657	—	38		103		695	103	798	3	N/A	N/A
Lake Boone Medical Center	Office		1,450	6,311	—		262		1,450	6,573	8,023	1,090	1998	5-40 yrs.
4620 Creekstone Drive	Office		149	—	107		3,085		256	3,085	3,341	1,211	2001	5-40 yrs.
4825 Creekstone Drive	Office		398	—	293		11,150		691	11,150	11,841	4,486	1999	5-40 yrs.
Pamlico	Office		289	—	—		10,448		289	10,448	10,737	7,307	1980	5-40 yrs.
ParkWest One	Office		242	—	—		3,303		242	3,303	3,545	1,251	2001	5-40 yrs.
ParkWest Two	Office		356	—	—		3,580		356	3,580	3,936	1,356	2001	5-40 yrs.
Progress Center Renovation	Office		—	—	—		362		—	362	362	325	2003	5-40 yrs.
Raleigh Corp Center Lot D	Office		1,211	—	8		—		1,219	—	1,219	—	N/A	N/A
PNC Plaza	Office		1,206	—	—		71,819		1,206	71,819	73,025	19,322	2008	5-40 yrs.
Rexwoods Center I	Office		878	3,730	—		1,594		878	5,324	6,202	3,246	1990	5-40 yrs.
Rexwoods Center II	Office		362	1,818	—		1,362		362	3,180	3,542	1,456	1993	5-40 yrs.
Rexwoods Center III	Office		919	2,816	—		1,503		919	4,319	5,238	2,249	1992	5-40 yrs.
Rexwoods Center IV	Office		586	—	—		4,509		586	4,509	5,095	2,252	1995	5-40 yrs.
Rexwoods Center V	Office		1,301	—	184		6,242		1,485	6,242	7,727	2,706	1998	5-40 yrs.
Riverbirch	Office		469	4,038	23		5,225		492	9,263	9,755	1,777	1987	5-40 yrs.
Situs I	Office		692	4,646	178		126		870	4,772	5,642	1,826	1996	5-40 yrs.
Situs II	Office		718	6,254	181		(1,061	)	899	5,193	6,092	2,394	1998	5-40 yrs.
Situs III	Office		440	4,078	119		(1,135	)	559	2,943	3,502	1,087	2000	5-40 yrs.
Six Forks Center I	Office		666	2,665	—		1,885		666	4,550	5,216	2,483	1982	5-40 yrs.
Six Forks Center II	Office		1,086	4,533	—		2,351		1,086	6,884	7,970	3,735	1983	5-40 yrs.
Six Forks Center III	Office		862	4,411	—		3,181		862	7,592	8,454	4,073	1987	5-40 yrs.
Smoketree Tower	Office		2,353	11,743	—		6,182		2,353	17,925	20,278	9,033	1984	5-40 yrs.
4601 Creekstone Drive	Office		255	—	217		5,914		472	5,914	6,386	2,720	1997	5-40 yrs.
Weston - Land	Other		22,771	—	(14,992	)	—		7,779	—	7,779	—	N/A	N/A
4625 Creekstone Drive	Office		458	—	268		6,181		726	6,181	6,907	2,913	1995	5-40 yrs.
11000 Weston Parkway	Office		2,651	18,850	—		1,318		2,651	20,168	22,819	3,711	1998	5-40 yrs.
GlenLake Five	Office		2,263	30,264	—		2,770		2,263	33,034	35,297	2,383	2014	5-40 yrs.
11800 Weston Parkway	Office		826	13,188	—		2		826	13,190	14,016	810	2014	5-40 yrs.
CentreGreen Café	Office		41	3,509	—		—		41	3,509	3,550	184	2014	5-40 yrs.
CentreGreen Fitness Center	Office		27	2,322	—		—		27	2,322	2,349	122	2014	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition				Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv		Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
One City Plaza	Office		11,288	68,375	—		17,563		11,288	85,938	97,226	6,266	1986	5-40 yrs.
Weston Lakefront I	Office		8,522	42,267	—		160		8,522	42,427	50,949	2,545	2015	5-40 yrs.
Weston Lakefront II	Office		8,522	45,870	—		142		8,522	46,012	54,534	2,499	2015	5-40 yrs.
Edison - Land	Office		—	—	5,984		—		5,984	—	5,984	—	N/A	N/A
Charter Square	Office		—	—	7,267		65,881		7,267	65,881	73,148	519	2015	5-40 yrs.
Other Property	Other		27,260	20,868	(24,642	)	4,465		2,618	25,333	27,951	12,747	N/A	N/A
Richmond, VA
4900 Cox Road	Office		1,324	5,311	15		2,731		1,339	8,042	9,381	4,246	1991	5-40 yrs.
Colonnade Building	Office		1,364	6,105	—		1,791		1,364	7,896	9,260	2,710	2003	5-40 yrs.
Dominion Place - Pitts Parcel - Land	Office		1,101	—	(665	)	—		436	—	436	—	N/A	N/A
Markel 4521	Office		1,581	13,299	168		(1,251	)	1,749	12,048	13,797	4,884	1999	5-40 yrs.
Hamilton Beach/Proctor-Silex	Office		1,086	4,345	10		1,558		1,096	5,903	6,999	3,166	1986	5-40 yrs.
Highwoods Commons	Office		521	—	458		3,938		979	3,938	4,917	1,744	1999	5-40 yrs.
Highwoods One	Office		1,688	—	22		12,380		1,710	12,380	14,090	5,555	1996	5-40 yrs.
Highwoods Two	Office		786	—	226		6,146		1,012	6,146	7,158	3,158	1997	5-40 yrs.
Highwoods Five	Office		783	—	11		6,227		794	6,227	7,021	2,506	1998	5-40 yrs.
Highwoods Plaza	Office		909	—	187		6,077		1,096	6,077	7,173	2,728	2000	5-40 yrs.
Innslake Center	Office		845	—	195		6,659		1,040	6,659	7,699	2,515	2001	5-40 yrs.
Highwoods Centre	Office		1,205	4,825	—		1,202		1,205	6,027	7,232	3,084	1990	5-40 yrs.
Markel 4501	Office		1,300	13,259	213		(3,887	)	1,513	9,372	10,885	3,075	1998	5-40 yrs.
Markel 4600	Office		1,700	17,081	169		(3,991	)	1,869	13,090	14,959	3,916	1989	5-40 yrs.
North Park	Office		2,163	8,659	6		2,512		2,169	11,171	13,340	5,566	1989	5-40 yrs.
North Shore Commons I	Office		951	—	17		12,187		968	12,187	13,155	4,533	2002	5-40 yrs.
North Shore Commons II	Office		2,067	—	(89	)	10,830		1,978	10,830	12,808	2,422	2007	5-40 yrs.
North Shore Commons C - Land	Office		1,497	—	15		—		1,512	—	1,512	—	N/A	N/A
North Shore Commons D - Land	Office		1,261	—	—		—		1,261	—	1,261	—	N/A	N/A
Nuckols Corner Land	Office		1,259	—	203		—		1,462	—	1,462	—	N/A	N/A
One Shockoe Plaza	Office		—	—	356		16,416		356	16,416	16,772	8,378	1996	5-40 yrs.
Pavilion Land	Office		181	46	20		(46	)	201	—	201	—	N/A	N/A
Lake Brook Commons	Office		1,600	8,864	21		2,203		1,621	11,067	12,688	3,403	1996	5-40 yrs.
Sadler & Cox Land	Office		1,535	—	343		—		1,878	—	1,878	—	N/A	N/A

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition			Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land		Bldg & Improv	Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
4840 Cox Road	Office		1,918	—	358		13,566	2,276	13,566	15,842	6,249	2005	5-40 yrs.
Stony Point F Land	Office		1,841	—	(774	)	—	1,067	—	1,067	—	N/A	N/A
Stony Point I	Office		1,384	11,630	(267	)	3,916	1,117	15,546	16,663	7,032	1990	5-40 yrs.
Stony Point II	Office		1,240	—	103		12,601	1,343	12,601	13,944	5,338	1999	5-40 yrs.
Stony Point III	Office		995	—	—		10,226	995	10,226	11,221	3,749	2002	5-40 yrs.
Stony Point IV	Office		955	—	—		11,129	955	11,129	12,084	2,897	2006	5-40 yrs.
Virginia Mutual	Office		1,301	6,036	15		1,479	1,316	7,515	8,831	2,938	1996	5-40 yrs.
Waterfront Plaza	Office		585	2,347	8		752	593	3,099	3,692	1,664	1988	5-40 yrs.
Innsbrook Center	Office		914	8,249	—		520	914	8,769	9,683	2,923	1987	5-40 yrs.
Tampa, FL
4200 Cypress	Office		2,673	16,470	—		3,231	2,673	19,701	22,374	3,957	1989	5-40 yrs.
Bayshore Place	Office		2,276	11,817	—		1,804	2,276	13,621	15,897	6,951	1990	5-40 yrs.
General Services Administration Building	Office		4,054	—	406		27,691	4,460	27,691	32,151	9,964	2005	5-40 yrs.
Highwoods Preserve Building I	Office		991	—	—		22,037	991	22,037	23,028	9,244	1999	5-40 yrs.
Highwoods Preserve Building V	Office		881	—	—		25,383	881	25,383	26,264	10,798	2001	5-40 yrs.
Highwoods Bay Center I	Office		3,565	—	(64	)	36,700	3,501	36,700	40,201	9,820	2007	5-40 yrs.
HIW Bay Center II - Land	Office		3,482	—	—		—	3,482	—	3,482	—	N/A	N/A
Highwoods Preserve Building VII	Office		790	—	—		12,498	790	12,498	13,288	3,046	2007	5-40 yrs.
HIW Preserve VII Garage	Office		—	—	—		6,789	—	6,789	6,789	1,683	2007	5-40 yrs.
Horizon	Office		—	6,257	—		4,438	—	10,695	10,695	5,100	1980	5-40 yrs.
LakePointe One	Office		2,106	89	—		44,860	2,106	44,949	47,055	19,703	1986	5-40 yrs.
LakePointe Two	Office		2,000	15,848	672		15,271	2,672	31,119	33,791	11,438	1999	5-40 yrs.
Lakeside	Office		—	7,369	—		5,425	—	12,794	12,794	4,713	1978	5-40 yrs.
Lakeside/Parkside Garage	Office		—	—	—		5,587	—	5,587	5,587	1,493	2004	5-40 yrs.
One Harbour Place	Office		2,016	25,252	—		10,410	2,016	35,662	37,678	12,848	1985	5-40 yrs.
Parkside	Office		—	9,407	—		3,304	—	12,711	12,711	6,379	1979	5-40 yrs.
Pavilion	Office		—	16,394	—		4,428	—	20,822	20,822	9,661	1982	5-40 yrs.
Pavilion Parking Garage	Office		—	—	—		5,731	—	5,731	5,731	2,436	1999	5-40 yrs.
Spectrum	Office		1,454	14,502	—		6,921	1,454	21,423	22,877	10,477	1984	5-40 yrs.
Tower Place	Office		3,218	19,898	—		5,179	3,218	25,077	28,295	12,086	1988	5-40 yrs.
Westshore Square	Office		1,126	5,186	—		1,453	1,126	6,639	7,765	3,160	1976	5-40 yrs.

HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
			Initial Costs		Costs Capitalized Subsequent to Acquisition		Gross Value at Close of Period
Description	Property Type	2016 Encumbrance	Land	Bldg & Improv	Land	Bldg & Improv	Land	Bldg & Improv	Total Assets (2)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
Independence Park I	Office		2,531	4,526	—	4,894	2,531	9,420	11,951	2,774	1983	5-40 yrs.
Meridian I	Office		1,849	22,363	—	1,609	1,849	23,972	25,821	3,055	1984	5-40 yrs.
Meridian II	Office		1,302	19,588	—	2,384	1,302	21,972	23,274	3,058	1986	5-40 yrs.
Laser Spine Institute	Office		—	—	6,310	44,557	6,310	44,557	50,867	1,296	2016	5-40 yrs.
Suntrust Financial Centre	Office		1,980	102,138	—	5,669	1,980	107,807	109,787	4,708	1992	5-40 yrs.
Suntrust Financial Land	Office		2,225	—	—	—	2,225	—	2,225	—	N/A	N/A
			547,314	2,600,978	4,416	1,712,395	551,730	4,313,373	4,865,103	1,134,103

2016 Encumbrance Notes

(1) These assets are pledged as collateral for a $109.1 million first mortgage loan.

(2) The tax basis of aggregate land and buildings and tenant improvements as of December 31, 2016 is $4.5 billion.