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Highwoods Properties, inc (HIW) Q2 2021 Earnings Call Transcript


Operator
Good morning, and welcome to the Highwoods Properties Earnings Call. [Operator Instructions] And as a reminder, this conference is being recorded Wednesday, July 28, 2021. I would now like to turn the conference over to Mr. Brendan Maiorana. Please go ahead.
Brendan Maiorana
Executive Vice President of Finance and Treasurer
Thank you, operator, and good morning. Joining me on the call are Ted Klinck, our Chief Executive Officer; Brian Leary, our Chief Operating Officer; and Mark Mulhern, our Chief Financial Officer. As is our custom, today s prepared remarks have been posted on the web. If any of you have not received yesterday s earnings release or supplemental, they re both available on the Investors section of our website at highwoods.com. ....

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Investors On 'Crazy' Atlanta Apartment Shopping Spree


Investors On Crazy Atlanta Apartment Shopping Spree
Courtesy of Spaxel
The Hills at East Cobb apartments, which were recently acquired by New York-based Spaxel.
During the first quarter, investors bought more than $2.1B of Atlanta apartments, an 18% increase from the same period in 2020, according to data collected by Real Capital Analytics, which tracked transactions of $5M or more. The data was provided to
Bisnow by JLL.
“I think there s a tremendous amount of activity for not just multifamily, but that is probably leading the way,” Marcus & Millichap First Vice President John Leonard said. “Anything that did well during the pandemic is in high demand.” ....

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