Notes Payable (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2013 and December 31, 2012 ($ in thousands):

Description	Interest Rate		Maturity	September 30, 2013		December 31, 2012
Post Oak Central mortgage note (see discussion below)	4.26	%	2020	$	188,830	$	—
The American Cancer Society Center mortgage note	6.45	%	2017	133,112		134,243
Promenade mortgage note (see discussion below)	4.27	%	2022	114,000		—
191 Peachtree Tower mortgage note (interest only until May 1, 2016)	3.35	%	2018	100,000		100,000
Credit Facility, unsecured	1.70	%	2016	51,075		—
Meridian Mark Plaza mortgage note	6.00	%	2020	25,910		26,194
The Points at Waterview mortgage note	5.66	%	2016	15,270		15,651
Mahan Village construction facility	1.85	%	2014	14,463		13,027
Callaway Gardens	4.13	%	2013	174		172
Terminus 100 mortgage note (see discussion below)	5.25	%	2023	—		136,123
				$	642,834	$	425,410

Summary of interest

For the three and nine months ended September 30, 2013 and 2012, interest expense was as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Total interest incurred	$	5,268		$	6,337		$	14,602		$	19,395
Interest capitalized	(119		)	(544		)	(277		)	(1,459		)
Total interest expense	$	5,149		$	5,793		$	14,325		$	17,936