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Investments In and Advances To Affiliates
 6 Months Ended
Jun. 30, 2012
Schedule of Equity Method Investments [Line Items]  
Investments In and Advances To Affiliates
Investments in and Advances to Affiliates

Unconsolidated Affiliates

We have equity interests of up to 50.0% in various joint ventures with unrelated third parties and a secured debt interest in one of those joint ventures, as described below. The following table sets forth the combined, summarized income statements for our unconsolidated joint ventures on the purchase accounting basis:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Income Statements:
 
 
 
 
 
 
 
Rental and other revenues
$
26,049

 
$
24,779

 
$
50,869

 
$
49,996

Expenses:
 
 
 
 
 
 
 
Rental property and other expenses
12,666

 
10,774

 
24,082

 
22,771

Depreciation and amortization
5,919

 
6,295

 
12,484

 
12,911

Impairment of real estate assets
—

 
—

 
7,180

 
—

Interest expense
5,267

 
5,858

 
11,097

 
11,865

Total expenses
23,852

 
22,927

 
54,843

 
47,547

Income/(loss) before disposition of properties
2,197

 
1,852

 
(3,974
)
 
2,449

Gains on disposition of properties
6,275

 
—

 
6,275

 
—

Net income
$
8,472


$
1,852

 
$
2,301

 
$
2,449

Our share of:
 
 
 
 
 
 
 
Depreciation and amortization of real estate assets
$
1,675

 
$
2,033

 
$
3,773

 
$
4,126

Impairment of real estate assets
$
—

 
$
—

 
$
1,002

 
$
—

Interest expense
$
1,843

 
$
2,033

 
$
3,823

 
$
4,194

Net income
$
1,133

 
$
749

 
$
338

 
$
1,670

 
 
 
 
 
 
 
 
Our share of net income
$
1,133

 
$
749

 
$
338

 
$
1,670

Management and other fees adjustments
375

 
604

 
1,008

 
1,150

Equity in earnings of unconsolidated affiliates
$
1,508

 
$
1,353

 
$
1,346

 
$
2,820




4.    Investments in and Advances to Affiliates - Continued

In 2011, we provided a $38.3 million interest-only secured loan to our DLF I joint venture that originally was scheduled to mature in March 2012. The loan bears interest at LIBOR plus 500 basis points. The maturity date of the loan has been extended to September 30, 2012. In the second quarter of 2012, we acquired an office property from the joint venture by reducing the balance of the advance due to us from the joint venture. We deferred our share of the gain recorded by the joint venture related to this transaction. We recorded interest income from this loan in interest and other income of $0.2 million and $0.3 million during the three months ended June 30, 2012 and 2011, respectively, and $0.7 million and $0.3 million during the six months ended June 30, 2012 and 2011, respectively.

In the second quarter of 2012, our DLF II joint venture obtained a $50.0 million, three-year secured mortgage loan from a third party lender, bearing a fixed interest rate of 3.5% on $39.1 million of the loan and a floating interest rate of LIBOR plus 250 basis points on $10.9 million of the loan, which was used by the joint venture to repay a secured loan at maturity to a third party lender.

During the first quarter of 2012, we recorded $1.0 million as our share of impairment of real estate assets on two office properties in our DLF I joint venture, due to a decline in projected occupancy and a change in the assumed holding period of those assets, which reduced the expected future cash flows from the properties.
Highwoods Realty Limited Partnership [Member]
  
Schedule of Equity Method Investments [Line Items]  
Investments In and Advances To Affiliates
Investments in and Advances to Affiliates

Unconsolidated Affiliates

We have equity interests of up to 50.0% in various joint ventures with unrelated third parties and a secured debt interest in one of those joint ventures, as described below. The following table sets forth the combined, summarized income statements for our unconsolidated joint ventures on the purchase accounting basis:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Income Statements:
 
 
 
 
 
 
 
Rental and other revenues
$
25,057

 
$
23,756

 
$
48,854

 
$
47,958

Expenses:
 
 
 
 
 
 
 
Rental property and other expenses
12,076

 
10,155

 
22,877

 
21,526

Depreciation and amortization
5,607

 
6,053

 
11,861

 
12,299

Impairment of real estate assets
—

 
—

 
7,180

 
—

Interest expense
5,103

 
5,683

 
10,766

 
11,508

Total expenses
22,786

 
21,891

 
52,684

 
45,333

Income/(loss) before disposition of properties
2,271

 
1,865

 
(3,830
)
 
2,625

Gains on disposition of properties
6,275

 
—

 
6,275

 
—

Net income
$
8,546

 
$
1,865

 
$
2,445

 
$
2,625

Our share of:
 
 
 
 
 
 
 
Depreciation and amortization of real estate assets
$
1,636

 
$
1,995

 
$
3,695

 
$
4,050

Impairment of real estate assets
$
—

 
$
—

 
$
1,002

 
$
—

Interest expense
$
1,823

 
$
2,012

 
$
3,782

 
$
4,149

Net income
$
1,142

 
$
759

 
$
356

 
$
1,694

 
 
 
 
 
 
 
 
Our share of net income
$
1,142

 
$
759

 
$
356

 
$
1,694

Management and other fees adjustments
369

 
598

 
995

 
1,138

Equity in earnings of unconsolidated affiliates
$
1,511

 
$
1,357

 
$
1,351

 
$
2,832



4.    Investments in and Advances to Affiliates - Continued
 
In 2011, we provided a $38.3 million interest-only secured loan to our DLF I joint venture that originally was scheduled to mature in March 2012. The loan bears interest at LIBOR plus 500 basis points. The maturity date of the loan has been extended to September 30, 2012. In the second quarter of 2012, we acquired an office property from the joint venture by reducing the balance of the advance due to us from the joint venture. We deferred our share of the gain recorded by the joint venture related to this transaction. We recorded interest income from this loan in interest and other income of $0.2 million and $0.3 million during the three months ended June 30, 2012 and 2011, respectively, and $0.7 million and $0.3 million during the six months ended June 30, 2012 and 2011, respectively.
 
In the second quarter of 2012, our DLF II joint venture obtained a $50.0 million, three-year secured mortgage loan from a third party lender, bearing a fixed interest rate of 3.5% on $39.1 million of the loan and a floating interest rate of LIBOR plus 250 basis points on $10.9 million of the loan, which was used by the joint venture to repay a secured loan at maturity to a third party lender.
 
During the first quarter of 2012, we recorded $1.0 million as our share of impairment of real estate assets on two office properties in our DLF I joint venture, due to a decline in projected occupancy and a change in the assumed holding period of those assets, which reduced the expected future cash flows from the properties.