Notes Payable (Tables)

6 Months Ended

Jun. 30, 2018

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 June 30, 2018 and December 31, 2017 ($ in thousands):

Description	Interest Rate		Maturity*	June 30, 2018				December 31, 2017
Term Loan, Unsecured	3.29	%	2021	$	250,000			$	250,000
Senior Notes, Unsecured	3.91	%	2025	250,000				250,000
Fifth Third Center	3.37	%	2026	145,039				146,557
Colorado Tower	3.45	%	2026	120,000				120,000
Promenade	4.27	%	2022	100,813				102,355
Senior Notes, Unsecured	4.09	%	2027	100,000				100,000
816 Congress	3.75	%	2024	82,498				83,304
Meridian Mark Plaza	6.00	%	2020	23,785				24,038
The Pointe	4.01	%	2019	22,285				22,510
Credit Facility, Unsecured	3.14	%	2023	—				—
				1,094,420			—	1,098,764
Unamortized premium, net				118				219
Unamortized loan costs				(5,274		)		(5,755		)
Total Notes Payable				$	1,089,264			$	1,093,228

*Weighted average maturity of notes payable outstanding at June 30, 2018 was 6.2 years.

Summary of interest recorded

For the three and six months endedJune 30, 2018 and 2017, interest expense was as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Total interest incurred	$	11,103		$	10,741		$	21,977		$	22,072
Interest capitalized	(1,389		)	(2,218		)	(2,485		)	(3,808		)
Total interest expense	$	9,714		$	8,523		$	19,492		$	18,264