Highwoods Properties, Inc. Announces Executive Changes
November 16, 2020 at 04:10 pm EST
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David L. Gadis, 58, has been elected to join the Highwoods Properties, Inc.'s Board of Directors effective January 1, 2021. Mr. Gadis, who will serve on the Company’s audit committee, qualifies as an independent director under the standards of the New York Stock Exchange. Mr. Gadis has served as chief executive officer and general manager of DC Water, since May 2018, where he oversees a $1 billion annual budget and leads a workforce of approximately 1,100 employees.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Its primary business is the operation, acquisition and development of office properties. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company owns an interest in approximately 28.4 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build-out.