Notes Payable (Tables)

6 Months Ended

Jun. 30, 2016

Notes Payable, Commitments and Contingencies [Abstract]

Summary of terms of notes payable

The following table details the terms and amounts of the Company’s outstanding notes payable at June 30, 2016 and December 31, 2015 ($ in thousands):

Description	Interest Rate		Maturity	June 30, 2016		December 31, 2015
Post Oak Central mortgage note	4.26	%	2020	$	180,046	$	181,770
Credit Facility, unsecured	1.54	%	2019	155,000		92,000
The American Cancer Society Center mortgage note	6.45	%	2017	128,440		129,342
Promenade mortgage note	4.27	%	2022	106,787		108,203
191 Peachtree Tower mortgage note	3.35	%	2018	99,677		100,000
816 Congress mortgage note	3.75	%	2024	85,000		85,000
Meridian Mark Plaza mortgage note	6.00	%	2020	24,754		24,978
				$	779,704	$	721,293

Summary of interest

For the three and six months ended June 30, 2016 and 2015, interest expense was as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Total interest incurred	$	8,350		$	8,683		$	16,506		$	17,263
Interest capitalized	(1,016		)	(814		)	(1,758		)	(1,717		)
Total interest expense	$	7,334		$	7,869		$	14,748		$	15,546