Notes Payable (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014 and December 31, 2013 ($ in thousands):

Description	Interest Rate		Maturity	June 30, 2014		December 31, 2013
Post Oak Central mortgage note	4.26	%	2020	$	186,726	$	188,310
The American Cancer Society Center mortgage note	6.45	%	2017	131,900		132,714
Promenade mortgage note	4.27	%	2022	112,273		113,573
191 Peachtree Tower mortgage note	3.35	%	2018	100,000		100,000
Meridian Mark Plaza mortgage note	6.00	%	2020	25,614		25,813
The Points at Waterview mortgage note	5.66	%	2016	14,872		15,139
Mahan Village construction facility	1.81	%	2014	14,017		14,470
Credit Facility, unsecured	1.26	%	2019	80,450		40,075
				$	665,852	$	630,094

Summary of interest

For the three and six months ended June 30, 2014 and 2013, interest expense was as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Total interest incurred	$	7,580		$	4,298		$	15,120		$	9,334
Interest capitalized	(610		)	(57		)	(983		)	(158		)
Total interest expense	$	6,970		$	4,241		$	14,137		$	9,176