Notes Payable (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Summary of terms of notes payable

The following table summarizes the terms of notes payable outstanding at December 31, 2012 and 2011 ($ in thousands):

Description	Interest Rate	Maturity	2012		2011
Terminus 100 mortgage note	5.25%	2023	$	136,123	$	138,194
The American Cancer Society Center mortgage note	6.45%	2017	134,243		135,650
191 Peachtree Tower mortgage note (interest only until May 1, 2016) (see discussion below)	3.35%	2018	100,000		—
Meridian Mark Plaza mortgage note	6.00%	2020	26,194		26,554
The Points at Waterview mortgage note	5.66%	2016	15,651		16,135
Mahan Village LLC construction facility	1.86%	2014	13,027		1
Callaway Gardens mortgage note	4.13%	2013	172		180
Credit Facility, unsecured (see discussion below)	1.71%	2016	—		198,250
100/200 North Point Center East mortgage note (see discussion below)	5.39%	2012	—		24,478
			$	425,410	$	539,442

Summary of the credit facility pricing spreads and the facility fees

The pricing spreads and the facility fee under the Credit Facility are as follows:

Leverage Ratio	Applicable % Spread for LIBOR	Applicable % Spread for Base Rate	Annual Facility Fee %
≤ 40%	1.50%	0.50%	0.20%
>40% but ≤ 50%	1.60%	0.60%	0.25%
>50% but ≤ 55%	1.90%	0.90%	0.35%
>55% but ≤ 60%	2.10%	1.10%	0.40%

Summary of interest recorded

For the years ended December 31, 2012, 2011 and 2010, interest was recorded as follows (in thousands):

	2012			2011			2010
Total interest incurred	$	25,570		$	28,384		$	37,180
Interest capitalized	(1,637		)	(600		)	—
Total interest expense	$	23,933		$	27,784		$	37,180

Aggregate debt maturities

The aggregate maturities of the Company’s debt at December 31, 2012 are as follows (in thousands):

2013	$	4,775
2014	17,905
2015	5,168
2016	20,174
2017	132,696
Thereafter	244,692
	$	425,410