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Notes Payable (Tables)
3 Months Ended
Mar. 31, 2013
Notes Payable, Commitments and Contingencies [Abstract]  
Summary of terms of notes payable
The following table summarizes the terms and amounts of the Company’s notes payable at March 31, 2013 and December 31, 2012 ($ in thousands):
Description
 
Interest Rate
 
Maturity
 
March 31, 2013
 
December 31, 2012
The American Cancer Society Center mortgage note
 
6.45
%
 
2017
 
133,840

 
134,243

191 Peachtree Tower mortgage note (interest only until May 1, 2016)
 
3.35
%
 
2018
 
100,000

 
100,000

Credit Facility, unsecured
 
1.70
%
 
2016
 
55,000

 

Meridian Mark Plaza mortgage note
 
6.00
%
 
2020
 
26,101

 
26,194

The Points at Waterview mortgage note
 
5.66
%
 
2016
 
15,526

 
15,651

Mahan Village construction facility
 
1.85
%
 
2014
 
14,191

 
13,027

Callaway Gardens
 
4.13
%
 
2013
 
174

 
172

Terminus 100 mortgage note (see discussion below)
 
5.25
%
 
2023
 

 
136,123

 
 
 
 
 
 
$
344,832

 
$
425,410



Summary of interest
For the three months ended March 31, 2013 and 2012, interest expense was as follows (in thousands):
 
Three Months Ended March 31,
 
2013
 
2012
Total interest incurred
$
5,036

 
$
6,694

Interest capitalized
(101
)
 
(426
)
Total interest expense
$
4,935

 
$
6,268