Property Transactions (Tables)

3 Months Ended

Mar. 31, 2013

Property Transactions and Information [Abstract]

Schedule of Properties Held for Sale [Table Text Block]

The following properties which were held-for-sale in 2013 or sold in 2012 met the criteria for discontinued operations presentation ($ in thousands):

Property	Property Type	Location	Square Feet	Sales Price
2013:
Inhibitex	Office	Atlanta, GA	51,000	Held-for-sale
2012:
The Avenue Forsyth	Retail	Atlanta, GA	524,000	$	119,000
The Avenue Collierville	Retail	Memphis, TN	511,000	55,000
The Avenue Webb Gin	Retail	Atlanta, GA	322,000	59,600
Galleria 75	Office	Atlanta, GA	111,000	9,200
Cosmopolitan Center	Office	Atlanta, GA	51,000	7,000
Inhibitex	Office	Atlanta, GA	51,000	Held-for-sale

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The components of discontinued operations and the gains and losses on property sales for the three months ended March 31, 2013 and 2012 are as follows (in thousands):

	Three Months Ended March 31,
	2013			2012
Loss from discontinued operations:
Rental property revenues	$	2		$	7,919
Fee income	74			4,710
Other income	—			192
Rental property operating expenses	(105		)	(2,279		)
Reimbursed expenses	—			(2,303		)
General and administrative expenses	(53		)	(1,997		)
Depreciation and amortization	—			(3,741		)
Impairment losses	—			(12,233		)
Other expenses	(4		)	(17		)
Loss from discontinued operations	$	(86	)	$	(9,749	)
Gain on sale of discontinued operations:
King Mill	$	119		$	87
Cosmopolitan Center	(23		)	—
Other	(1		)	(1		)
Gain on sale of discontinued operations	$	95		$	86

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following tables summarize preliminary allocations of the estimated fair values of the assets and liabilities of Terminus 200 and Post Oak Central acquired in this series of transactions (in thousands):

	Post Oak Central			Terminus 200
Tangible assets:
Land and improvements	$	88,406		$	25,040
Building	118,470			101,472
Tenant improvements	10,877			17,600
Other assets	—			101
Deferred rents receivable	—			44
Tangible assets	217,753			144,257
Intangible assets:
Above-market leases	995			1,512
In-place leases	26,968			14,355
Total intangible assets	27,963			15,867
Intangible Liabilities:
Below-market leases	(14,792		)	(9,273		)
Total net assets acquired	$	230,924		$	150,851

Business Acquisition, Pro Forma Information [Table Text Block]

The following supplemental pro forma information is presented for the three months ended March 31, 2013 and March 31, 2012, respectively. The pro forma information is based upon the Company's historical consolidated statements of operations, adjusted as if the Post Oak Central and Terminus transactions discussed above had occurred at the beginning of each of the periods presented. The supplemental pro forma information is not necessarily indicative of future results or of actual results that would have been achieved had the transactions been consummated at the beginning of each period.

	Three Months Ended March 31,
	2013		2012
	(in thousands, except per share amounts)
Revenues	$	42,479	$	37,001
Income (loss) from continuing operations	57,585		(1,072		)
Net income (loss)	57,594		(10,735		)
Net income (loss) available to common stockholders	53,860		(12,493		)
Per share information:
Basic	$	0.52	$	(0.12	)
Diluted	$	0.52	$	(0.12	)