Schedule III

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-28, Real Estate Companies, Investment in 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,
	2025		2024		2023
Real estate assets:
Beginning balance	$	6,722,250	$	6,728,003	$	6,689,692
Acquisitions, development and improvements	557,784		210,024		226,066
Cost of real estate sold, retired and deconsolidated	(266,434)		(215,777)		(187,755)
Ending balance (a)	$	7,013,600	$	6,722,250	$	6,728,003
Accumulated depreciation:
Beginning balance	$	1,855,097	$	1,743,390	$	1,609,502
Depreciation expense	255,137		255,979		253,151
Real estate sold, retired and deconsolidated	(182,490)		(144,272)		(119,263)
Ending balance (b)	$	1,927,744	$	1,855,097	$	1,743,390

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

	2025		2024		2023
Total per Schedule III	$	7,013,600	$	6,722,250	$	6,728,003
Development in-process exclusive of land included in Schedule III	6,248		—		8,918
Real estate assets, net, held for sale	(45,577)		(104,313)		—
Total real estate assets	$	6,974,271	$	6,617,937	$	6,736,921

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

	2025		2024		2023
Total per Schedule III	$	1,927,744	$	1,855,097	$	1,743,390
Real estate assets, net, held for sale	(25,468)		(58,511)		—
Total accumulated depreciation	$	1,902,276	$	1,796,586	$	1,743,390

Real Estate and Accumulated Depreciation Disclosure

(in thousands)

December 31, 2025

			Initial Costs		Costs Capitalized Subsequent to Acquisition		Gross Value at Close of Period					Life on Which Depreciation is Calculated
Description	Property Type	2025 Encumbrance	Land	Bldg & Improv	Land	Bldg & Improv	Land	Bldg & Improv	Total Assets (1)	Accumulated Depreciation	Date of Construction
Atlanta, GA
1825 Century Boulevard	Office		864	—	3,422	19,513	4,286	19,513	23,799	8,291	2002	5-40 yrs.
1875 Century Boulevard	Office		—	8,924	3,090	6,354	3,090	15,278	18,368	9,431	1976	5-40 yrs.
1900 Century Boulevard	Office		—	4,744	12,536	340	12,536	5,084	17,620	5,084	1971	5-40 yrs.
2200 Century Parkway	Office		—	14,432	4,433	7,826	4,433	22,258	26,691	14,771	1971	5-40 yrs.
2400 Century Parkway	Office		—	—	4,589	14,981	4,589	14,981	19,570	9,770	1998	5-40 yrs.
2500 Century Parkway	Office		—	—	3,919	16,454	3,919	16,454	20,373	6,014	2005	5-40 yrs.
2500/2635 Parking Garage	Office		—	—	—	6,447	—	6,447	6,447	3,273	2005	5-40 yrs.
2600 Century Parkway	Office		—	10,679	3,062	6,296	3,062	16,975	20,037	10,750	1973	5-40 yrs.
2635 Century Parkway	Office		—	21,643	6,714	21,810	6,714	43,453	50,167	27,855	1980	5-40 yrs.
2800 Century Parkway	Office		—	20,449	7,281	15,107	7,281	35,556	42,837	22,920	1983	5-40 yrs.
Century Plaza I	Office		1,290	8,567	—	4,511	1,290	13,078	14,368	8,158	1981	5-40 yrs.
Century Plaza II	Office		1,380	7,733	—	4,482	1,380	12,215	13,595	7,232	1984	5-40 yrs.
Riverwood 100	Office		5,785	64,913	(29)	37,902	5,756	102,815	108,571	43,154	1989	5-40 yrs.
Tradeport - Land	Office		5,243	—	(4,733)	—	510	—	510	—	N/A	N/A
Two Alliance Center	Office		9,579	125,549	—	8,731	9,579	134,280	143,859	43,334	2009	5-40 yrs.
One Alliance Center	Office		14,775	123,071	—	27,698	14,775	150,769	165,544	52,201	2001	5-40 yrs.
10 Glenlake North	Office		5,349	26,334	—	7,646	5,349	33,980	39,329	13,565	2000	5-40 yrs.
10 Glenlake South	Office		5,103	22,811	—	14,302	5,103	37,113	42,216	11,240	1999	5-40 yrs.
Riverwood 200	Office		4,777	89,708	450	2,522	5,227	92,230	97,457	25,414	2017	5-40 yrs.
Riverwood 300 - Land	Office		400	—	—	710	400	710	1,110	158	2017	5-40 yrs.
Monarch Tower	Office		22,717	143,068	—	28,117	22,717	171,185	193,902	53,681	1997	5-40 yrs.
Monarch Plaza	Office		27,678	88,962	—	19,233	27,678	108,195	135,873	31,275	1983	5-40 yrs.
Galleria 75 - Land	Office		19,740	—	(3,983)	1,135	15,757	1,135	16,892	346	2022	5-40 yrs.
Charlotte, NC
Bank of America Tower	Office	200,000	29,273	354,749	—	26,513	29,273	381,262	410,535	71,478	2019	5-40 yrs.
One Morrocroft	Office	(2)	3,655	28,357	(198)	5,474	3,457	33,831	37,288	5,184	1992	5-40 yrs.
Two Morrocroft	Office	(2)	3,530	28,804	(190)	1,592	3,340	30,396	33,736	4,756	1998	5-40 yrs.
Three Morrocroft	Office	(2)	3,566	30,505	(192)	135	3,374	30,640	34,014	4,098	2000	5-40 yrs.
Capitol Towers North	Office	(3)	8,642	96,254	—	464	8,642	96,718	105,360	13,190	2017	5-40 yrs.
Capitol Towers South	Office	(3)	9,095	95,458	—	1,166	9,095	96,624	105,719	13,167	2015	5-40 yrs.

			Initial Costs		Costs Capitalized Subsequent to Acquisition		Gross Value at Close of Period					Life on Which Depreciation is Calculated
Description	Property Type	2025 Encumbrance	Land	Bldg & Improv	Land	Bldg & Improv	Land	Bldg & Improv	Total Assets (1)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
1426 S. Tryon - Land	Office		26,702	—	(1,280)	—	25,422	—	25,422	—	N/A	N/A
SIX50 at Legacy Union	Office		16,504	166,305	—	5,081	16,504	171,386	187,890	19,715	2020	5-40 yrs.
Four Morrocroft	Office	(2)	837	8,993	—	9	837	9,002	9,839	536	2024	5-40 yrs.
720 Parking Garage	Office		—	—	24,178	82,248	24,178	82,248	106,426	749	2019	5-40 yrs.
6HUNDRED	Office		—	—	20,011	152,921	20,011	152,921	172,932	540	2025	5-40 yrs.
Nashville, TN
3322 West End	Office		3,025	27,490	—	12,889	3,025	40,379	43,404	24,954	1986	5-40 yrs.
3401 West End	Office		5,862	22,917	—	5,511	5,862	28,428	34,290	19,348	1982	5-40 yrs.
5310 Maryland Way	Office		1,863	7,201	—	3,193	1,863	10,394	12,257	6,678	1994	5-40 yrs.
Cool Springs I & II Deck	Office		—	—	—	3,990	—	3,990	3,990	1,819	2007	5-40 yrs.
Cool Springs III & IV Deck	Office		—	—	—	4,637	—	4,637	4,637	2,103	2007	5-40 yrs.
Cool Springs I	Office		1,583	—	15	19,135	1,598	19,135	20,733	11,124	1999	5-40 yrs.
Cool Springs II	Office		1,824	—	346	25,887	2,170	25,887	28,057	15,302	1999	5-40 yrs.
Cool Springs III	Office		1,631	—	804	24,420	2,435	24,420	26,855	9,814	2006	5-40 yrs.
Cool Springs IV	Office		1,715	—	—	29,368	1,715	29,368	31,083	10,930	2008	5-40 yrs.
Cool Springs V	Office		3,688	—	295	64,198	3,983	64,198	68,181	21,115	2007	5-40 yrs.
Harpeth Two	Office		1,419	5,677	—	10,230	1,419	15,907	17,326	7,300	1984	5-40 yrs.
Harpeth Three	Office		1,660	6,649	—	9,986	1,660	16,635	18,295	8,268	1987	5-40 yrs.
Harpeth Four	Office		1,713	6,842	—	11,340	1,713	18,182	19,895	8,978	1989	5-40 yrs.
Harpeth Five	Office		662	—	197	10,989	859	10,989	11,848	4,418	1998	5-40 yrs.
Hickory Trace	Office		1,164	—	164	6,665	1,328	6,665	7,993	3,620	2001	5-40 yrs.
Highwoods Plaza I	Office		1,552	—	307	9,273	1,859	9,273	11,132	5,831	1996	5-40 yrs.
Highwoods Plaza II	Office		1,448	—	307	9,041	1,755	9,041	10,796	5,179	1997	5-40 yrs.
Seven Springs I	Office		2,076	—	592	14,817	2,668	14,817	17,485	7,958	2002	5-40 yrs.
SouthPointe	Office		1,655	—	310	10,025	1,965	10,025	11,990	6,131	1998	5-40 yrs.
Westwood South	Office		2,106	—	382	9,460	2,488	9,460	11,948	6,117	1999	5-40 yrs.
100 Winners Circle	Office		1,497	7,258	—	8,788	1,497	16,046	17,543	8,101	1987	5-40 yrs.
Symphony Place	Office	83,730	—	141,469	—	2,566	—	144,035	144,035	42,365	2010	5-40 yrs.
Seven Springs East	Office		2,525	37,587	—	540	2,525	38,127	40,652	14,597	2013	5-40 yrs.
The Shops at Seven Springs	Office		803	8,223	—	(923)	803	7,300	8,103	2,504	2013	5-40 yrs.
Seven Springs West	Office		2,439	51,306	—	3,723	2,439	55,029	57,468	15,201	2016	5-40 yrs.
Seven Springs II	Office		2,356	30,048	—	3,435	2,356	33,483	35,839	10,311	2017	5-40 yrs.
Bridgestone Tower	Office		19,223	169,582	—	525	19,223	170,107	189,330	40,969	2017	5-40 yrs.
Virginia Springs II	Office		4,821	26,448	—	3,324	4,821	29,772	34,593	5,675	2020	5-40 yrs.
MARS Campus	Office		7,010	87,474	—	149	7,010	87,623	94,633	21,932	2019	5-40 yrs.

			Initial Costs		Costs Capitalized Subsequent to Acquisition		Gross Value at Close of Period					Life on Which Depreciation is Calculated
Description	Property Type	2025 Encumbrance	Land	Bldg & Improv	Land	Bldg & Improv	Land	Bldg & Improv	Total Assets (1)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
Virginia Springs I	Office		4,534	25,632	—	308	4,534	25,940	30,474	6,707	2018	5-40 yrs.
1100 Broadway - Land	Office		29,845	—	(259)	—	29,586	—	29,586	—	N/A	N/A
Asurion	Office		33,219	230,569	—	2,778	33,219	233,347	266,566	32,182	2021	5-40 yrs.
Ovation - Land	Office		89,231	—	237	—	89,468	—	89,468	—	N/A	N/A
Broadway Stem - Land	Office		6,218	—	(1,335)	526	4,883	526	5,409	57	2021	5-40 yrs.
YMCA Site - Land	Office		16,121	—	(28)	—	16,093	—	16,093	—	N/A	N/A
Orlando, FL
1800 Eller Drive	Office		—	9,851	—	1,889	—	11,740	11,740	8,850	1983	5-40 yrs.
201 South Orange	Office		3,893	29,541	—	18,160	3,893	47,701	51,594	16,618	1982	5-40 yrs.
Capital Plaza Two	Office		4,346	43,394	—	16,044	4,346	59,438	63,784	20,216	1999	5-40 yrs.
Capital Plaza One	Office		3,482	27,321	—	12,524	3,482	39,845	43,327	13,576	1975	5-40 yrs.
Landmark Center Two	Office		4,743	22,031	—	12,769	4,743	34,800	39,543	13,641	1985	5-40 yrs.
Landmark Center One	Office		6,207	22,655	—	13,828	6,207	36,483	42,690	15,630	1983	5-40 yrs.
Bank of America Plaza	Office		3,490	56,079	—	11,792	3,490	67,871	71,361	20,857	2000	5-40 yrs.
Eola Centre	Office		5,785	11,160	—	15,755	5,785	26,915	32,700	9,563	1969	5-40 yrs.
Pittsburgh, PA
One PPG Place	Office		9,819	107,643	—	61,928	9,819	169,571	179,390	71,994	1983-1985	5-40 yrs.
Two PPG Place	Office		2,302	10,978	—	14,932	2,302	25,910	28,212	10,251	1983-1985	5-40 yrs.
Three PPG Place	Office		501	2,923	—	5,197	501	8,120	8,621	4,302	1983-1985	5-40 yrs.
Four PPG Place	Office		620	3,239	—	3,389	620	6,628	7,248	3,482	1983-1985	5-40 yrs.
Five PPG Place	Office		803	4,924	—	3,064	803	7,988	8,791	3,576	1983-1985	5-40 yrs.
Six PPG Place	Office		3,353	25,602	—	18,047	3,353	43,649	47,002	18,993	1983-1985	5-40 yrs.
625 Liberty	Office		16,457	83,812	(11,000)	(35,141)	5,457	48,671	54,128	32,163	1987	5-40 yrs.
Raleigh, NC
3600 Glenwood Avenue	Office		—	10,994	—	3,873	—	14,867	14,867	10,043	1986	5-40 yrs.
3737 Glenwood Avenue	Office		—	—	318	18,928	318	18,928	19,246	11,062	1999	5-40 yrs.
801 Raleigh Corporate Center	Office		828	—	272	13,419	1,100	13,419	14,519	7,676	2002	5-40 yrs.
2000 CentreGreen	Office		1,529	—	(391)	13,934	1,138	13,934	15,072	8,041	2000	5-40 yrs.
4000 CentreGreen	Office		1,653	—	(389)	13,089	1,264	13,089	14,353	7,349	2001	5-40 yrs.
5000 CentreGreen	Office		1,291	34,572	—	1,313	1,291	35,885	37,176	11,863	2017	5-40 yrs.
3000 CentreGreen	Office		1,779	—	(397)	17,398	1,382	17,398	18,780	6,942	2002	5-40 yrs.
1000 CentreGreen	Office		1,280	—	55	13,274	1,335	13,274	14,609	5,269	2008	5-40 yrs.
GlenLake One	Office		924	—	1,324	24,984	2,248	24,984	27,232	13,892	2002	5-40 yrs.
GlenLake Four	Office		1,659	—	493	21,409	2,152	21,409	23,561	10,091	2006	5-40 yrs.
GlenLake Six	Office		941	—	(365)	24,985	576	24,985	25,561	10,258	2008	5-40 yrs.

			Initial Costs		Costs Capitalized Subsequent to Acquisition		Gross Value at Close of Period					Life on Which Depreciation is Calculated
Description	Property Type	2025 Encumbrance	Land	Bldg & Improv	Land	Bldg & Improv	Land	Bldg & Improv	Total Assets (1)	Accumulated Depreciation	Date of Construction	Life on Which Depreciation is Calculated
701 Corporate Center	Office		1,304	—	540	21,932	1,844	21,932	23,776	12,618	1996	5-40 yrs.
Lakeside Parcel 2 - Land	Office		657	—	38	103	695	103	798	27	2015	5-40 yrs.
751 Corporate Center	Office		2,665	16,939	—	(818)	2,665	16,121	18,786	4,576	2018	5-40 yrs.
PNC Plaza	Office		1,206	—	—	66,156	1,206	66,156	67,362	30,419	2008	5-40 yrs.
4700 Six Forks Road	Office		666	2,665	—	1,691	666	4,356	5,022	2,830	1982	5-40 yrs.
4700 Homewood Court	Office		1,086	4,533	—	1,633	1,086	6,166	7,252	4,246	1983	5-40 yrs.
4800 Six Forks Road	Office		862	4,411	—	2,023	862	6,434	7,296	4,696	1987	5-40 yrs.
4601 Creekstone Drive	Office		255	—	217	6,976	472	6,976	7,448	4,001	1997	5-40 yrs.
Weston - Land	Office		22,771	—	(19,523)	—	3,248	—	3,248	—	N/A	N/A
4625 Creekstone Drive	Office		458	—	268	7,985	726	7,985	8,711	4,597	1995	5-40 yrs.
11000 Weston Parkway	Office		2,651	18,850	—	18,239	2,651	37,089	39,740	14,513	1998	5-40 yrs.
GlenLake Five	Office		2,263	30,264	—	(1,710)	2,263	28,554	30,817	7,913	2014	5-40 yrs.
11800 Weston Parkway	Office		826	13,188	—	112	826	13,300	14,126	5,394	2014	5-40 yrs.
CentreGreen Café	Office		41	3,509	—	15	41	3,524	3,565	975	2014	5-40 yrs.
CentreGreen Fitness Center	Office		27	2,322	—	14	27	2,336	2,363	646	2014	5-40 yrs.
One City Plaza	Office		11,288	68,375	—	23,777	11,288	92,152	103,440	34,030	1986	5-40 yrs.
Charter Square	Office		7,267	65,881	—	6,104	7,267	71,985	79,252	18,495	2015	5-40 yrs.
MetLife Global Technology Campus	Office		21,580	149,889	—	1,013	21,580	150,902	172,482	43,029	2015	5-40 yrs.
GlenLake Seven	Office		1,662	37,332	—	(24)	1,662	37,308	38,970	6,669	2020	5-40 yrs.
Hargett - Land	Office		9,248	—	(1,124)	—	8,124	—	8,124	—	N/A	N/A
Forum 1	Office		1,278	27,809	—	609	1,278	28,418	29,696	4,544	1985	5-40 yrs.
Forum 2	Office		1,327	18,088	—	(561)	1,327	17,527	18,854	2,597	1988	5-40 yrs.
Forum 3	Office		994	23,931	—	1,591	994	25,522	26,516	5,863	1995	5-40 yrs.
Forum 4	Office		2,118	43,889	—	952	2,118	44,841	46,959	8,412	2000	5-40 yrs.
Forum 5	Office		1,552	26,263	—	(466)	1,552	25,797	27,349	3,780	2007	5-40 yrs.
Captrust Tower	Office	83,748	9,670	124,530	—	4,607	9,670	129,137	138,807	16,420	2010	5-40 yrs.
150 Fayetteville	Office	104,681	7,677	130,049	—	45,347	7,677	175,396	183,073	22,648	1991	5-40 yrs.
GlenLake III	Office		3,981	65,660	29	12,913	4,010	78,573	82,583	4,966	2023	5-40 yrs.
2205 Evans Road - Land	Office		2,676	—	—	—	2,676	—	2,676	—	N/A	N/A
Advance Auto Parts Tower	Office		—	—	4,764	115,015	4,764	115,015	119,779	3,759	2021	5-40 yrs.
Other Property	Other		29,235	49,949	(10,925)	24,990	18,310	74,939	93,249	44,172	N/A	5-40 yrs.
Richmond, VA
4900 Cox Road	Office		1,324	5,311	15	3,576	1,339	8,887	10,226	5,218	1991	5-40 yrs.
Colonnade Building	Office		1,364	6,105	—	3,951	1,364	10,056	11,420	5,048	2003	5-40 yrs.

			Initial Costs				Costs Capitalized Subsequent to Acquisition				Gross Value at Close of Period									Life on Which Depreciation is Calculated
Description	Property Type	2025 Encumbrance	Land		Bldg & Improv		Land		Bldg & Improv		Land		Bldg & Improv		Total Assets (1)		Accumulated Depreciation		Date of Construction	Life on Which Depreciation is Calculated
Highwoods Commons	Office		521		—		458		5,239		979		5,239		6,218		2,930		1999	5-40 yrs.
Highwoods One	Office		1,688		—		22		17,428		1,710		17,428		19,138		9,314		1996	5-40 yrs.
Highwoods Two	Office		786		—		226		10,293		1,012		10,293		11,305		5,686		1997	5-40 yrs.
Highwoods Five	Office		783		—		11		8,821		794		8,821		9,615		5,779		1998	5-40 yrs.
Highwoods Plaza	Office		909		—		187		6,878		1,096		6,878		7,974		3,723		2000	5-40 yrs.
Innslake Center	Office		845		—		125		7,696		970		7,696		8,666		4,971		2001	5-40 yrs.
4101 Cox Road	Office		1,205		4,825		—		4,320		1,205		9,145		10,350		4,880		1990	5-40 yrs.
North Park	Office		2,163		8,659		6		3,311		2,169		11,970		14,139		7,985		1989	5-40 yrs.
North Shore Commons I	Office		951		—		137		14,772		1,088		14,772		15,860		7,567		2002	5-40 yrs.
North Shore Commons II	Office		2,067		—		(89)		12,767		1,978		12,767		14,745		5,497		2007	5-40 yrs.
North End - Land	Office		1,497		—		55		10		1,552		10		1,562		4		2020	5-40 yrs.
One Shockoe Plaza	Office		—		—		356		22,271		356		22,271		22,627		14,772		1996	5-40 yrs.
Lake Brook Commons	Office		1,600		8,864		(179)		426		1,421		9,290		10,711		4,794		1996	5-40 yrs.
Highwoods Three	Office		1,918		—		358		14,455		2,276		14,455		16,731		6,300		2005	5-40 yrs.
4480 Cox Road	Office		1,301		6,036		15		3,481		1,316		9,517		10,833		5,370		1996	5-40 yrs.
Innsbrook Centre	Office		914		8,249		—		1,165		914		9,414		10,328		4,951		1987	5-40 yrs.
Tampa, FL
Meridian Three	Office		2,673		16,470		—		13,135		2,673		29,605		32,278		10,493		1989	5-40 yrs.
Bayshore Place	Office		2,276		11,817		—		4,253		2,276		16,070		18,346		9,850		1990	5-40 yrs.
Highwoods Bay Center I	Office		3,565		—		(64)		38,334		3,501		38,334		41,835		17,778		2007	5-40 yrs.
Horizon	Office		—		6,257		—		4,777		—		11,034		11,034		6,808		1980	5-40 yrs.
Lakeside	Office		—		7,369		—		7,373		—		14,742		14,742		10,514		1978	5-40 yrs.
Lakeside/Parkside Garage	Office		—		—		—		5,826		—		5,826		5,826		3,699		2004	5-40 yrs.
One Harbour Place	Office		2,016		25,252		—		16,167		2,016		41,419		43,435		24,050		1985	5-40 yrs.
Parkside	Office		—		9,407		—		3,463		—		12,870		12,870		8,295		1979	5-40 yrs.
Pavilion	Office		—		16,394		—		4,624		—		21,018		21,018		14,357		1982	5-40 yrs.
Pavilion Parking Garage	Office		—		—		—		5,930		—		5,930		5,930		3,837		1999	5-40 yrs.
Tower Place	Office		3,218		19,898		—		11,369		3,218		31,267		34,485		18,161		1988	5-40 yrs.
Meridian One	Office		1,849		22,363		—		6,944		1,849		29,307		31,156		10,707		1984	5-40 yrs.
Meridian Two	Office		1,302		19,588		—		8,770		1,302		28,358		29,660		9,780		1986	5-40 yrs.
Avion	Office		—		—		6,310		44,178		6,310		44,178		50,488		12,866		2016	5-40 yrs.
Truist Place	Office		1,980		102,138		—		33,241		1,980		135,379		137,359		42,145		1992	5-40 yrs.
Truist Place - Land	Office		2,225		—		—		—		2,225		—		2,225		—		N/A	N/A
Midtown West	Office	44,530	16,543		34,818		(218)		9,813		16,325		44,631		60,956		7,664		2021	5-40 yrs.
			$	769,431	$	4,258,249	$	57,349	$	1,928,571	$	826,780	$	6,186,820	$	7,013,600	$	1,927,744

__________

(1)The cost basis for income tax purposes of aggregate land and buildings and tenant improvements as of December 31, 2025 is $6.7 billion.

(2)These assets are pledged as collateral for a $68.7 million first mortgage loan.

(3)These assets are pledged as collateral for a $118.0 million first mortgage loan.