Capital Partners bids for REIT [Central Florida]
Orlando-based Capital Partners Inc., a fast-growing real estate investment company, has made a $4.4 billion cash offer for Highwoods Properties Co., a North Carolina company with extensive property holdings locally and throughout the Southeastern U.S.
Capital Partners confirmed Wednesday it is offering $36 a share for Highwoods, a publicly traded real estate investment trust whose stock has been trading between $31 and $33 a share in recent weeks. The $4.4 billion purchase price includes the assumption of a bit more than $2 billion in debt.