Notes Payable (Tables)

9 Months Ended

Sep. 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 September 30, 2014 and December 31, 2013 ($ in thousands):

Description	Interest Rate		Maturity	September 30, 2014		December 31, 2013
Post Oak Central mortgage note	4.26	%	2020	$	185,922	$	188,310
The American Cancer Society Center mortgage note	6.45	%	2017	131,507		132,714
Promenade mortgage note	4.27	%	2022	111,612		113,573
191 Peachtree Tower mortgage note	3.35	%	2018	100,000		100,000
Credit Facility, unsecured	1.25	%	2019	87,700		40,075
Meridian Mark Plaza mortgage note	6.00	%	2020	25,512		25,813
The Points at Waterview mortgage note	5.66	%	2016	14,736		15,139
Mahan Village construction facility	1.80	%	2015	14,085		14,470
				$	671,074	$	630,094

Summary of interest

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Total interest incurred	$	7,667		$	5,268		$	22,787		$	14,602
Interest capitalized	(850		)	(119		)	(1,833		)	(277		)
Total interest expense	$	6,817		$	5,149		$	20,954		$	14,325