Notes Payable (Tables)

3 Months Ended

Mar. 31, 2015

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, 2015 and December 31, 2014 ($ in thousands):

Description	Interest Rate		Maturity	March 31, 2015		December 31, 2014
Credit Facility, unsecured	1.28	%	2019	$	198,000	$	140,200
Post Oak Central mortgage note	4.26	%	2020	184,288		185,109
The American Cancer Society Center mortgage note	6.45	%	2017	130,630		131,083
Promenade mortgage note	4.27	%	2022	110,270		110,946
191 Peachtree Tower mortgage note	3.35	%	2018	100,000		100,000
816 Congress mortgage note	3.75	%	2024	85,000		85,000
Meridian Mark Plaza mortgage note	6.00	%	2020	25,303		25,408
The Points at Waterview mortgage note	5.66	%	2016	14,457		14,598
				$	847,948	$	792,344

Summary of interest

For the three months ended March 31, 2015 and 2014, interest expense was as follows (in thousands):

	Three Months Ended March 31,
	2015			2014
Total interest incurred	$	8,580		$	7,540
Interest capitalized	(903		)	(373		)
Total interest expense	$	7,677		$	7,167