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Notes Payable (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Summary of terms of notes payable
The following table details the terms and amounts of the Company’s outstanding notes payable at September 30, 2017 and December 31, 2016 ($ in thousands):
Description
 
Interest Rate
 
Maturity
 
September 30, 2017
 
December 31, 2016
Term Loan, Unsecured
 
2.43
%
 
2021
 
$
250,000

 
$
250,000

Senior Notes, Unsecured
 
3.91
%
 
2025
 
250,000

 

Fifth Third Center
 
3.37
%
 
2026
 
147,306

 
149,516

Colorado Tower
 
3.45
%
 
2026
 
120,000

 
120,000

Promenade
 
4.27
%
 
2022
 
103,113

 
105,342

Senior Notes, Unsecured
 
4.09
%
 
2027
 
100,000

 

816 Congress
 
3.75
%
 
2024
 
83,702

 
84,872

Meridian Mark Plaza
 
6.00
%
 
2020
 
24,162

 
24,522

The Pointe
 
4.01
%
 
2019
 
22,620

 
22,945

Credit Facility, Unsecured
 
2.33
%
 
2019
 

 
134,000

3344 Peachtree
 
4.75
%
 
2017
 

 
78,971

One Eleven Congress
 
6.08
%
 
2017
 

 
128,000

The ACS Center
 
6.45
%
 
2017
 

 
127,508

San Jacinto Center
 
6.05
%
 
2017
 

 
101,000

Two Buckhead Plaza
 
6.43
%
 
2017
 

 
52,000

 
 
 
 
 
 
1,100,903

 
1,378,676

Unamortized premium, net
 
 
 
 
 
270

 
6,792

Unamortized loan costs
 
 
 
 
 
(5,996
)
 
(4,548
)
Total Notes Payable
 
 
 
 
 
$
1,095,177

 
$
1,380,920



Summary of interest recorded
For the three and nine months ended September 30, 2017 and 2016, interest expense was as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Total interest incurred
$
10,288

 
$
8,939

 
$
32,360

 
$
25,446

Less interest - discontinued operations

 
(1,956
)
 

 
(5,896
)
Interest capitalized
(2,701
)
 
(1,229
)
 
(6,509
)
 
(2,988
)
Total interest expense
$
7,587

 
$
5,754

 
$
25,851

 
$
16,562