Notes Payable (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Summary of terms of notes payable

The following table summarizes the terms of notes payable outstanding at December 31, 2016 and 2015 (in thousands):

Description	Interest Rate	Maturity	2016			2015
Term Loan, unsecured	1.97%	2021	$	250,000		$	—
Fifth Third Center	3.37%	2026	149,516			—
Credit Facility, unsecured	1.87%	2019	134,000			92,000
One Eleven Congress	6.08%	2017	128,000			—
The American Cancer Society Center	6.45%	2017	127,508			129,342
Colorado Tower	3.45%	2026	120,000			—
Promenade	4.27%	2022	105,342			108,203
San Jacinto	6.05%	2017	101,000			—
816 Congress	3.75%	2024	84,872			85,000
3344 Peachtree	4.75%	2017	78,971			—
Two Buckhead Plaza	6.43%	2017	52,000			—
Meridian Mark Plaza	6.00%	2020	24,522			24,978
The Pointe	4.01%	2019	22,945			—
Post Oak Central	4.26%	2020	—			181,770
191 Peachtree Tower	3.35%	2018	—			100,000
			$	1,378,676		$	721,293
Unamortized premium, net			6,792			—
Unamortized loan costs			(4,548		)	(2,483		)
Total Notes Payable			$	1,380,920		$	718,810

Summary of interest recorded

For the years ended December 31, 2016, 2015, and 2014, interest was recorded as follows (in thousands):

	2016			2015			2014
Total interest incurred	$	31,347		$	26,314		$	23,735
Interest capitalized	(4,697		)	(3,579		)	(2,752		)
Total interest expense	$	26,650		$	22,735		$	20,983

Schedule of future principal payments due

Future principal payments due (including scheduled amortization payments and payments due upon maturity) on the Company's notes payable at December 31, 2016 are as follows (in thousands):

2017	$	495,916
2018	9,348
2019	167,047
2020	33,826
2021	261,256
Thereafter	411,283
	$	1,378,676