XML 86 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Payable, Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2011
Notes Payable, Commitments and Contingencies [Abstract]  
Summary of terms of notes payable
    September 30,     September 30,       September 30,       September 30,       September 30,  
        Term/                    
        Amortization                    

Description (see notes below)

 

Interest Rate

  Period (Years)     Maturity     2011     2010  

Credit Facility, unsecured

  LIBOR + 1.75% to 2.25%     5/N/A       8/29/12     $ 198,250     $ 105,400  

Terminus 100 mortgage note

  5.25%     12/30       1/1/23       138,194       140,000  

The American Cancer Society Center mortgage note (interest only until October 1, 2011)

  6.45%     10/30       9/1/17       135,650       136,000  

Meridian Mark Plaza mortgage note

  6.00%     10/30       8/1/20       26,554       26,892  

100/200 North Point Center East mortgage note

  5.39%     5/30       6/1/12       24,478       24,830  

The Points at Waterview mortgage note

  5.66%     10/25       1/1/16       16,135       16,592  

Callaway Gardens

  4.13%     N/A       11/18/13       180       173  

Mahan Village LLC

  3.25%     3/N/A       9/12/14       1       —    

333/555 North Point Center East mortgage note

  7.00%     10/25       11/1/11       —         26,412  

Lakeshore Park Plaza mortgage note

  5.89%     4/25       8/1/12       —         17,544  

600 University Park Place mortgage note

  7.38%     10/30       8/10/11       —         12,292  

Handy Road Associates, LLC

  Prime + 1%, but not < 6%     5/N/A       3/30/2011       —         3,374  
                       

 

 

   

 

 

 
                        $ 539,442     $ 509,509  
                       

 

 

   

 

 

 
Fair Values of the interest rate swap agreements
      September 30,       September 30,       September 30,  
    Term
Facility
    Floating Rate,
LIBOR-based
Borrowings
    Total  

Balance, December 31, 2009

  $ 8,662     $ 855     $ 9,517  

Termination of swap

    (9,235     —         (9,235

Change in fair value

    573       (855     (282
   

 

 

   

 

 

   

 

 

 

Balance, December 31, 2010

  $ —       $ —       $ —    
   

 

 

   

 

 

   

 

 

 
Debt Maturities
      September 30,  

2012

  $ 227,050  

2013

    4,783  

2014

    4,878  

2015

    5,168  

2016

    18,869  

Thereafter

    278,694  
   

 

 

 
    $ 539,442  
   

 

 

 
Summary of interest
      September 30,       September 30,       September 30,  
    2011     2010     2009  
       

Total interest incurred

  $ 28,384     $ 37,180     $ 45,129  

Interest expense — discontinued operations

    —         —         (1,634

Interest capitalized

    (600     —         (3,736
   

 

 

   

 

 

   

 

 

 

Total interest expense

  $ 27,784     $ 37,180     $ 39,759  
   

 

 

   

 

 

   

 

 

 
Lease Commitments
      September 30,  

2012

  $ 589  

2013

    274  

2014

    206  

2015

    196  

2016

    146  

Thereafter

    15,000  
   

 

 

 
    $ 16,411