In a Highly Competitive Acquisition Market, REITs Are Treading Carefully
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In a Highly Competitive Acquisition Market, REITs Are Treading Carefully

In mid-November, Raleigh, N.C.-based office REIT Highwood Properties Inc. is set to close on its $436 million purchase of the new Bank of America Tower at Legacy Union in Charlotte, N.C. The acquisition, announced in August, represents the costliest deal for an office building in North Carolina history.