Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019 and 2018 are as follows (in thousands):

Three Months Ended June 30, 2019	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	39,368	$	—	$	39,368
Austin	18,577		—		18,577
Charlotte	18,050		—		18,050
Dallas	669		—		669
Phoenix	9,290		—		9,290
Tampa	8,573		—		8,573
Other	2,182		708		2,890
Total Net Operating Income	$	96,709	$	708	$	97,417

Three Months Ended June 30, 2018	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	32,178	$	—	$	32,178
Austin	15,431		—		15,431
Charlotte	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

Six Months Ended June 30, 2019	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	76,766	$	—	$	76,766
Austin	34,525		—		34,525
Charlotte	33,859		—		33,859
Dallas	670		—		670
Phoenix	18,781		—		18,781
Tampa	16,560		—		16,560
Other	2,411		1,576		3,987
Total Net Operating Income	$	183,572	$	1,576	$	185,148

Six Months Ended June 30, 2018	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	64,343	$	—	$	64,343
Austin	31,273		—		31,273
Charlotte	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

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,
	2019			2018			2019			2018
Net Operating Income	$	97,417		$	80,195		$	185,148		$	160,773
Net operating income from unconsolidated joint ventures	(9,379		)	(7,228		)	(17,252		)	(14,649		)
Fee income	7,076			1,798			15,804			4,692
Termination fee income	190			639			710			999
Other income	11			493			151			1,093
Reimbursed expenses	(1,047		)	(860		)	(1,979		)	(1,802		)
General and administrative expenses	(8,374		)	(8,071		)	(19,834		)	(14,880		)
Interest expense	(12,059		)	(9,714		)	(22,879		)	(19,492		)
Depreciation and amortization	(50,904		)	(45,675		)	(96,765		)	(90,768		)
Acquisition and transaction costs	(49,827		)	(137		)	(49,830		)	(228		)
Other expenses	(624		)	(44		)	(804		)	(364		)
Income from unconsolidated joint ventures	3,634			5,036			6,538			7,921
Gain on sale of investment properties	1,304			5,317			14,415			4,945
Loss on extinguishment of debt	—			—			—			(85		)
Net Income (Loss)	$	(22,582	)	$	21,749		$	13,423		$	38,155

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, 2019 and 2018 are as follows (in thousands):

Three Months Ended June 30, 2019	Office			Mixed-Use			Total
Revenues:
Atlanta	$	59,499		$	—		$	59,499
Austin	31,815			—			31,815
Charlotte	27,110			—			27,110
Dallas	804			—			804
Phoenix	12,805			—			12,805
Tampa	13,471			—			13,471
Other	3,581			1,093			4,674
Total segment revenues	149,085			1,093			150,178
Less Company's share of rental property revenues from unconsolidated joint ventures	(14,152		)	(1,093		)	(15,245		)
Total rental property revenues	$	134,933		$	—		$	134,933

Three Months Ended June 30, 2018	Office			Mixed-Use			Total
Revenues:
Atlanta	$	50,521		$	—		$	50,521
Austin	26,407			—			26,407
Charlotte	23,053			—			23,053
Tampa	12,251			—			12,251
Phoenix	12,710			—			12,710
Other	549			834			1,383
Total segment revenues	125,491			834			126,325
Less Company's share of rental property revenues from unconsolidated joint ventures	(11,154		)	(834		)	(11,988		)
Total rental property revenues	$	114,337		$	—		$	114,337

Six Months Ended June 30, 2019	Office			Mixed-Use			Total
Revenues:
Atlanta	$	116,969		$	—		$	116,969
Austin	59,907			—			59,907
Charlotte	50,496			—			50,496
Dallas	804			—			804
Phoenix	25,808			—			25,808
Tampa	26,441			—			26,441
Other	4,126			2,277			6,403
Total segment revenues	284,551			2,277			286,828
Less Company's share of rental property revenues from unconsolidated joint ventures	(25,753		)	(2,277		)	(28,030		)
Total rental property revenues	$	258,798		$	—		$	258,798

Six Months Ended June 30, 2018	Office			Mixed-Use			Total
Revenues:
Atlanta	$	100,229		$	—		$	100,229
Austin	53,167			—			53,167
Charlotte	46,040			—			46,040
Tampa	24,796			—			24,796
Phoenix	24,822			—			24,822
Other	1,078			1,624			2,702
Total segment revenues	250,132			1,624			251,756
Less Company's share of rental property revenues from unconsolidated joint ventures	(22,087		)	(1,624		)	(23,711		)
Total rental property revenues	$	228,045		$	—		$	228,045