Investments In and Advances To Affiliates (Tables)

12 Months Ended

Dec. 31, 2016

The following table sets forth our ownership in unconsolidated affiliates at December 31, 2016:



Joint Venture	Location	Ownership Interest
Plaza Colonnade, Tenant-in-Common	Kansas City	50.0%
Highwoods DLF 97/26 DLF 99/32, LP	Orlando	42.9%
Kessinger/Hunter & Company, LC	Kansas City	26.5%
Highwoods DLF Forum, LLC	Raleigh	25.0%
Highwoods DLF 98/29, LLC	Orlando	22.8%

The following table sets forth the summarized balance sheets of our unconsolidated affiliates:



	December 31,
	2016			2015
Balance Sheets:
Assets:
Real estate assets, net	$	141,105		$	163,852
All other assets, net	58,467			53,511
Total Assets	$	199,572		$	217,363
Liabilities and Partners’ or Stockholders’ Equity:
Mortgages and notes payable, net	$	122,560		$	141,580
All other liabilities	9,512			6,547
Partners’ or stockholders’ equity	67,500			69,236
Total Liabilities and Partners’ or Stockholders’ Equity	$	199,572		$	217,363
Our share of historical partners’ or stockholders’ equity	$	20,032		$	21,022
Advances to unconsolidated affiliates	—			448
Difference between cost of investments and the net book value of underlying net assets	(1,186		)	(794		)
Carrying value of investments in and advances to unconsolidated affiliates	$	18,846		$	20,676

The following table sets forth the summarized income statements of our unconsolidated affiliates:



	Year Ended December 31,
	2016		2015		2014
Income Statements:
Rental and other revenues	$	42,344	$	48,118	$	50,514
Expenses:
Rental property and other expenses	17,808		22,721		25,159
Depreciation and amortization	10,348		12,257		13,310
Interest expense	5,191		7,196		8,847
Total expenses	33,347		42,174		47,316
Income before disposition of property	8,997		5,944		3,198
Gains on disposition of property	22,247		18,181		2,998
Net income	$	31,244	$	24,125	$	6,196