Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2018

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 for the three and six months ended June 30, 2018 and 2017 are as follows (in thousands):

Three Months Ended June 30, 2018	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	32,178	$	—	$	32,178
Charlotte	15,431		—		15,431
Austin	15,088		—		15,088
Phoenix	8,880		—		8,880
Tampa	7,642		—		7,642
Other	433		543		976
Total Net Operating Income	$	79,652	$	543	$	80,195

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

Six Months Ended June 30, 2018	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	64,343	$	—	$	64,343
Charlotte	31,273		—		31,273
Austin	30,029		—		30,029
Phoenix	17,854		—		17,854
Tampa	15,370		—		15,370
Other	873		1,031		1,904
Total Net Operating Income	$	159,742	$	1,031	$	160,773

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

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,
	2018			2017			2018			2017
Net Operating Income	$	80,195		$	80,115		$	160,773		$	160,281
Net operating income from unconsolidated joint    ventures	(7,228		)	(7,609		)	(14,649		)	(16,783		)
Fee income	1,798			1,854			4,692			3,791
Other income	1,132			3,174			2,092			8,600
Reimbursed expenses	(860		)	(907		)	(1,802		)	(1,772		)
General and administrative expenses	(8,071		)	(8,618		)	(14,880		)	(14,828		)
Interest expense	(9,714		)	(8,523		)	(19,492		)	(18,264		)
Depreciation and amortization	(45,675		)	(50,040		)	(90,768		)	(104,924		)
Acquisition and transaction costs	(137		)	(246		)	(228		)	(2,177		)
Gain (loss) on extinguishment of debt	—			1,829			(85		)	1,829
Other expenses	(44		)	(236		)	(364		)	(612		)
Income from unconsolidated joint ventures	5,036			40,320			7,921			40,901
Gain on sale of investment properties	5,317			119,832			4,945			119,761
Net Income	$	21,749		$	170,945		$	38,155		$	175,803

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, 2018 and 2017 are as follows (in thousands):

Three Months Ended June 30, 2018	Office			Mixed-Use			Total
Revenues:
Atlanta	$	50,362		$	—		$	50,362
Austin	26,339			—			26,339
Charlotte	23,037			—			23,037
Tampa	12,251			—			12,251
Phoenix	12,247			—			12,247
Other	549			834			1,383
Total segment revenues	124,785			834			125,619
Less: Company's share of rental property revenues from unconsolidated joint ventures	(11,087		)	(834		)	(11,921		)
Total rental property revenues	$	113,698		$	—		$	113,698

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
Phoenix	11,879			—			11,879
Tampa	11,795			—			11,795
Orlando	6,331			—			6,331
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

Six Months Ended June 30, 2018	Office			Mixed-Use			Total
Revenues:
Atlanta	$	99,828		$	—		$	99,828
Austin	52,915			—			52,915
Charlotte	46,078			—			46,078
Tampa	24,787			—			24,787
Phoenix	24,307			—			24,307
Other	1,078			1,624			2,702
Total segment revenues	248,993			1,624			250,617
Less: Company's share of rental property revenues from unconsolidated joint ventures	(21,947		)	(1,624		)	(23,571		)
Total rental property revenues	$	227,046		$	—		$	227,046

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
Tampa	23,098			—			23,098
Phoenix	21,997			—			21,997
Orlando	12,972			—			12,972
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