Notes Payable (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014 and December 31, 2013 ($ in thousands):

Description	Interest Rate		Maturity	March 31, 2014		December 31, 2013
Post Oak Central mortgage note	4.26	%	2020	$	187,522	$	188,310
The American Cancer Society Center mortgage note	6.45	%	2017	132,287		132,714
Promenade mortgage note	4.27	%	2022	112,927		113,573
191 Peachtree Tower mortgage note (interest only until May 1, 2016)	3.35	%	2018	100,000		100,000
Meridian Mark Plaza mortgage note	6.00	%	2020	25,714		25,813
The Points at Waterview mortgage note	5.66	%	2016	15,007		15,139
Mahan Village construction facility	1.80	%	2014	13,985		14,470
Credit Facility, unsecured	1.65	%	2016	—		40,075
				$	587,442	$	630,094

Summary of interest

For the three months ended March 31, 2014 and 2013, interest expense was as follows (in thousands):

	Three Months Ended March 31,
	2014			2013
Total interest incurred	$	7,540		$	5,036
Interest capitalized	(373		)	(101		)
Total interest expense	$	7,167		$	4,935