Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Reconciliation of NOI to net income available to common stockholders

Information on the Company's segments along with a reconciliation of NOI to net income available to common stockholders for the three and six months ended June 30, 2017 and 2016 are as follows (in thousands):

Three Months Ended June 30, 2017	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	29,218	$	853	$	30,071
Austin	14,852		—		14,852
Charlotte	15,202		—		15,202
Orlando	3,318		—		3,318
Tampa	7,451		—		7,451
Phoenix	8,838		—		8,838
Other	383		—		383
Total Net Operating Income	$	79,262	$	853	$	80,115

Three Months Ended June 30, 2016	Office			Mixed-Use		Total
Net Operating Income:
Houston	$	25,125		$	—	$	25,125
Atlanta	21,572			1,742		23,314
Austin	5,763			—		5,763
Charlotte	4,819			—		4,819
Other	(13		)	—		(13		)
Total Net Operating Income	$	57,266		$	1,742	$	59,008

Six Months Ended June 30, 2017	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	59,190	$	3,126	$	62,316
Austin	29,039		—		29,039
Charlotte	30,627		—		30,627
Orlando	7,108		—		7,108
Tampa	14,287		—		14,287
Phoenix	16,056		—		16,056
Other	848		—		848
Total Net Operating Income	$	157,155	$	3,126	$	160,281

Six Months Ended June 30, 2016	Office		Mixed-Use		Total
Net Operating Income:
Houston	$	50,443	$	—	$	50,443
Atlanta	44,178		3,348		47,526
Austin	10,955		—		10,955
Charlotte	9,574		—		9,574
Other	23		—		23
Total Net Operating Income	$	115,173	$	3,348	$	118,521

The following reconciles Net Operating Income to Net Income for each of the periods presented (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Net Operating Income	$	80,115		$	59,008		$	160,281		$	118,521
Net operating income from unconsolidated joint ventures	(7,609		)	(6,954		)	(16,783		)	(13,600		)
Net operating income from discontinued operations	—			(25,126		)	—			(50,444		)
Fee income	1,854			1,824			3,791			4,023
Other income	3,174			27			8,600			417
Reimbursed expenses	(907		)	(798		)	(1,772		)	(1,668		)
General and administrative expenses	(8,618		)	(4,691		)	(14,828		)	(12,934		)
Interest expense	(8,523		)	(5,369		)	(18,264		)	(10,808		)
Depreciation and amortization	(50,040		)	(16,641		)	(104,924		)	(33,182		)
Acquisition and transaction costs	(246		)	(2,424		)	(2,177		)	(2,443		)
Gain on extinguishment of debt	1,829			—			1,829			—
Other expenses	(236		)	(152		)	(612		)	(507		)
Income from unconsolidated joint ventures	40,320			1,784			40,901			3,618
Gain (loss) on sale of investment properties	119,832			(246		)	119,761			13,944
Income from discontinued operations	—			7,523			—			15,624
Net Income	$	170,945		$	7,765		$	175,803		$	30,561

Reconciliation of revenue from segments to consolidated

Revenues by reportable segment, including a reconciliation to total rental property revenues on the condensed consolidated statements of operations for three and six months ended June 30, 2017 and 2016 are as follows (in thousands):

Three Months Ended June 30, 2017	Office			Mixed-Use			Total
Revenues:
Atlanta	$	46,293		$	1,358		$	47,651
Austin	25,429			—			25,429
Charlotte	22,599			—			22,599
Orlando	6,331			—			6,331
Tampa	11,795			—			11,795
Phoenix	11,879			—			11,879
Other	758			—			758
Total segment revenues	125,084			1,358			126,442
Less Company's share of rental property revenues from unconsolidated joint ventures	(11,077		)	(1,358		)	(12,435		)
Total rental property revenues	$	114,007		$	—		$	114,007

Three Months Ended June 30, 2016	Office			Mixed-Use			Total
Revenues:
Houston	$	44,281					$	44,281
Atlanta	36,779			3,026			39,805
Austin	10,417			—			10,417
Charlotte	6,388			—			6,388
Other	91			—			91
Total segment revenues	97,956			3,026			100,982
Less discontinued operations	(44,281		)	—			(44,281		)
Less Company's share of rental property revenues from unconsolidated joint ventures	(7,221		)	(3,026		)	(10,247		)
Total rental property revenues	$	46,454		$	—		$	46,454

Six Months Ended June 30, 2017	Office			Mixed-Use			Total
Revenues
Atlanta	$	93,814		$	5,049		$	98,863
Austin	49,963			—			49,963
Charlotte	45,342			—			45,342
Orlando	12,972			—			12,972
Tampa	23,098			—			23,098
Phoenix	21,997			—			21,997
Other	1,575			—			1,575
Total segment revenues	$	248,761		$	5,049		$	253,810
Less Company's share of rental property revenues from unconsolidated joint ventures	(22,237		)	(5,049		)	(27,286		)
Total rental property revenues	$	226,524		$	—		$	226,524

Six Months Ended June 30, 2016	Office			Mixed-Use			Total
Revenues:
Houston	$	87,403		$	—		$	87,403
Atlanta	73,995			6,003			$	79,998
Austin	19,356			—			$	19,356
Charlotte	12,734			—			$	12,734
Other	231			—			$	231
Total segment revenues	193,719			6,003			199,722
Less discontinued operations	(87,403		)	—			(87,403		)
Less Company's share of rental property revenues from unconsolidated joint ventures	(14,509		)	(6,003		)	(20,512		)
Total rental property revenues	$	91,807		$	—		$	91,807