Notes Payable (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2015 and December 31, 2014 (in thousands):

Description	Interest Rate		Maturity	September 30, 2015		December 31, 2014
Post Oak Central mortgage note	4.26	%	2020	$	182,618	$	185,109
Credit Facility, unsecured	1.29	%	2019	134,000		140,200
The American Cancer Society Center mortgage note	6.45	%	2017	129,794		131,083
Promenade mortgage note	4.27	%	2022	108,899		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	25,088		25,408
The Points at Waterview mortgage note	5.66	%	2016	14,171		14,598
				$	779,570	$	792,344

Summary of interest

For the three and nine months ended September 30, 2015 and 2014, interest expense was as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Total interest incurred	$	8,696		$	7,667		$	25,959		$	22,787
Interest capitalized	(1,023		)	(850		)	(2,740		)	(1,833		)
Total interest expense	$	7,673		$	6,817		$	23,219		$	20,954