Reportable Segments (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018 and 2017 are as follows (in thousands):

Three Months Ended September 30, 2018	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	32,296	$	—	$	32,296
Charlotte	15,924		—		15,924
Austin	15,180		—		15,180
Phoenix	9,265		—		9,265
Tampa	7,446		—		7,446
Other	310		437		747
Total Net Operating Income	$	80,421	$	437	$	80,858

Three Months Ended September 30, 2017	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	25,247	$	—	$	25,247
Charlotte	15,074		—		15,074
Austin	15,489		—		15,489
Phoenix	8,667		—		8,667
Tampa	7,412		—		7,412
Orlando	3,356		—		3,356
Other	525		45		570
Total Net Operating Income	$	75,770	$	45	$	75,815

Nine Months Ended September 30, 2018	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	96,639	$	—	$	96,639
Charlotte	47,197		—		47,197
Austin	45,209		—		45,209
Phoenix	27,119		—		27,119
Tampa	22,816		—		22,816
Other	1,183		1,468		2,651
Total Net Operating Income	$	240,163	$	1,468	$	241,631

Nine Months Ended September 30, 2017	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	84,437	$	3,125	$	87,562
Charlotte	46,117		—		46,117
Austin	44,113		—		44,113
Phoenix	24,722		—		24,722
Tampa	21,700		—		21,700
Orlando	10,464		—		10,464
Other	1,374		45		1,419
Total Net Operating Income	$	232,927	$	3,170	$	236,097

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Net Operating Income	$	80,858		$	75,815		$	241,631		$	236,097
Net operating income from unconsolidated joint    ventures	(6,994		)	(6,934		)	(21,643		)	(23,719		)
Fee income	2,519			2,597			7,211			6,387
Other income	744			993			2,836			9,593
Reimbursed expenses	(955		)	(895		)	(2,757		)	(2,667		)
General and administrative expenses	(3,913		)	(7,193		)	(18,793		)	(21,993		)
Interest expense	(9,551		)	(7,587		)	(29,043		)	(25,851		)
Depreciation and amortization	(45,068		)	(47,622		)	(135,836		)	(152,546		)
Acquisition and transaction costs	—			677			(228		)	(1,499		)
Gain on extinguishment of debt	93			429			8			2,258
Other expenses	(93		)	(423		)	(457		)	(1,063		)
Income from unconsolidated joint ventures	2,252			2,461			10,173			43,362
Gain (loss) on sale of investment properties	(33		)	(33		)	4,912			119,729
Net Income	$	19,859		$	12,285		$	58,014		$	188,088

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 nine months ended September 30, 2018 and 2017 are as follows (in thousands):

Three Months Ended September 30, 2018	Office			Mixed-Use			Total
Revenues:
Atlanta	$	51,088		$	—		$	51,088
Austin	26,415			—			26,415
Charlotte	23,263			—			23,263
Phoenix	12,830			—			12,830
Tampa	12,228			—			12,228
Other	1,104			429			1,533
Total segment revenues	126,928			429			127,357
Less: Company's share of rental property revenues from unconsolidated joint ventures	(11,485		)	(429		)	(11,914		)
Total rental property revenues	$	115,443		$	—		$	115,443

Three Months Ended September 30, 2017	Office			Mixed-Use			Total
Revenues:
Atlanta	$	41,507		$	—		$	41,507
Austin	25,385			—			25,385
Charlotte	23,153			—			23,153
Tampa	11,815			—			11,815
Phoenix	11,692			—			11,692
Orlando	6,408			—			6,408
Other	915			143			1,058
Total segment revenues	120,875			143			121,018
Less: Company's share of rental property revenues from unconsolidated joint ventures	(11,306		)	(143		)	(11,449		)
Total rental property revenues	$	109,569		$	—		$	109,569

Nine Months Ended September 30, 2018	Office			Mixed-Use			Total
Revenues:
Atlanta	$	150,917		$	—		$	150,917
Austin	79,329			—			79,329
Charlotte	69,342			—			69,342
Tampa	37,014			—			37,014
Phoenix	37,137			—			37,137
Other	3,238			997			4,235
Total segment revenues	376,977			997			377,974
Less: Company's share of rental property revenues from unconsolidated joint ventures	(34,488		)	(997		)	(35,485		)
Total rental property revenues	$	342,489		$	—		$	342,489

Nine Months Ended September 30, 2017	Office			Mixed-Use			Total
Revenues:
Atlanta	$	135,319		$	5,049		$	140,368
Austin	75,348			—			75,348
Charlotte	68,495			—			68,495
Tampa	34,913			—			34,913
Phoenix	33,689			—			33,689
Orlando	19,380			—			19,380
Other	2,492			143			2,635
Total segment revenues	369,636			5,192			374,828
Less: Company's share of rental property revenues from unconsolidated joint ventures	(33,543		)	(5,192		)	(38,735		)
Total rental property revenues	$	336,093		$	—		$	336,093