Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

The following table summarizes the rental and other revenues and net operating income, the primary industry property-level performance metric which is defined as rental and other revenues less rental property and other expenses, for each reportable segment:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Rental and Other Revenues: (1)
Office:
Atlanta, GA	$	13,045	$	11,869	$	37,290	$	36,066
Greenville, SC		3,617		3,312		10,560		10,439
Kansas City, MO		3,559		3,673		10,801		11,044
Memphis, TN		10,270		9,692		30,450		24,888
Nashville, TN		15,598		14,598		45,576		44,562
Orlando, FL		2,677		2,920		7,614		8,985
Piedmont Triad, NC		4,914		5,270		15,549		16,034
Pittsburgh, PA		1,582		—		1,582		—
Raleigh, NC		20,051		18,843		59,472		56,174
Richmond, VA		13,378		12,209		36,431		35,485
Tampa, FL		17,776		17,830		52,026		53,807
Total Office Segment		106,467		100,216		307,351		297,484
Industrial:
Atlanta, GA		3,976		3,660		11,938		11,477
Piedmont Triad, NC		3,151		3,259		8,955		9,324
Total Industrial Segment		7,127		6,919		20,893		20,801
Retail:
Kansas City, MO		8,492		8,105		25,594		24,542
Total Retail Segment		8,492		8,105		25,594		24,542
Residential:
Kansas City, MO		—		288		284		969
Total Residential Segment		—		288		284		969
Total Rental and Other Revenues	$	122,086	$	115,528	$	354,122	$	343,796

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Net Operating Income: (1)
Office:
Atlanta, GA	$	8,053		$	7,388		$	23,518		$	22,848
Greenville, SC		2,097			1,858			6,239			6,307
Kansas City, MO		2,023			2,159			6,250			6,699
Memphis, TN		5,698			5,506			16,921			15,013
Nashville, TN		10,247			9,488			30,227			29,422
Orlando, FL		1,378			1,554			3,830			4,891
Piedmont Triad, NC		2,896			3,486			9,946			10,577
Pittsburgh, PA		897			—			897			—
Raleigh, NC		13,903			12,527			41,394			38,203
Richmond, VA		7,769			7,631			23,857			23,985
Tampa, FL		11,003			10,900			32,194			32,711
Total Office Segment		65,964			62,497			195,273			190,656
Industrial:
Atlanta, GA		2,859			2,492			8,699			8,055
Piedmont Triad, NC		2,251			2,459			6,583			6,834
Total Industrial Segment		5,110			4,951			15,282			14,889
Retail:
Kansas City, MO		5,027			4,573			15,149			14,671
Total Retail Segment		5,027			4,573			15,149			14,671
Residential:
Kansas City, MO (2)		(34	)		168			58			594
Total Residential Segment		(34	)		168			58			594
Total Net Operating Income		76,067			72,189			225,762			220,810
Reconciliation to income from continuing operations before disposition of property, condominiums and investment in unconsolidated affiliates and equity in earnings of unconsolidated affiliates:
Depreciation and amortization		(36,320	)		(34,183	)		(103,467	)		(100,081	)
Impairment of assets held for use		(2,429	)		—			(2,429	)		—
General and administrative expense		(12,212	)		(8,882	)		(27,983	)		(24,369	)
Interest expense		(24,390	)		(23,338	)		(71,840	)		(69,385	)
Interest and other income		1,505			1,624			5,253			4,289
Income from continuing operations before disposition of property, condominiums and investment in unconsolidated affiliates and equity in earnings of unconsolidated affiliates	$	2,221		$	7,410		$	25,296		$	31,264

__________

(1) Net of discontinued operations.

(2) Negative NOI with no corresponding revenues represents expensed real estate taxes and other carrying costs with little or no corresponding revenue.