Highwoods Properties - Our Mission

Focused and Driven – Our Plan For Success

In January 2005, we unveiled a long-term Strategic Plan to serve as the framework for our future. It is a living document that is routinely reviewed and updated by our Board and our management team.

The key tenets of our Strategic Plan are:

	Enhance long-term shareholder value through the establishment of on-going defined goals with quantifiable results
	Own a portfolio of high quality, differentiated assets
	Maintain a strong and flexible balance sheet
	Communicate consistently and transparently with investors, employees, customers, vendors
	Be a “deliberate” steward of shareholders’ money

Our initial three-year goals covered the years 2005-2007. Below is our report card.

Published Goal:	Result:
· Start $200 million to $300 million of development	$563 million started
· Sell $450 million to $550 million of non-core Properties	$742 million sold
· Sell $60 to $70 million of non-core land	$96 million sold, $31 million gain
· 88% to 90% occupancy at 12/31/07	92% occupancy

We recognize we’ve run a good race these last three years, meeting, and in most cases exceeding, the initial three year goals of our Strategic Plan. However, as the old saying goes, "If you find yourself enthused over yesterday, you aren’t doing enough today."

We know there is no finish line in business. So, as we launch into a new year, we are setting our sights on raising the bar on many fronts. This means working smarter, staying energized and remaining optimistic. It means continuing to improve the quality of our portfolio, seizing opportunities, finding build-to-suit customers, and being prepared to tackle whatever challenges may face us.

Distinction
"Highwoods is one of the largest full-services REITs in America."