XML 65 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments In and Advances To Affiliates (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
ft²
Dec. 31, 2022
USD ($)
ft²
numberOfJointVentures
Dec. 31, 2021
USD ($)
ft²
Dec. 31, 2019
USD ($)
ft²
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum 50.00%      
Difference between cost of investments and the net book value of underlying net assets $ 18,900 $ 2,700    
Gain on deconsolidation of affiliate 11,778 0 $ 0  
Gains on disposition of property 47,773 $ 63,546 174,059  
Number of joint ventures formed | numberOfJointVentures   2    
Repayments of preferred equity from unconsolidated affiliates 80,000 $ 0 0  
Additional common equity contribution $ 132,609 261,772 6,079  
Rentable square feet of office property under development (in sq feet) | ft² 1,600,000      
Development, management and leasing fees recognized from unconsolidated affiliates $ 1,000 $ 600 1,600  
Consolidated Affiliate:        
Rentable square feet of office property under development (in sq feet) | ft² 1,600,000      
HRLP MTW, LLC [Member]        
Unconsolidated Affiliates:        
Effective interest rate (in hundredths) 7.29%      
Rentable square feet of office property under development (in sq feet) | ft²       152,000
Contribution of cash to acquire interest in joint venture       $ 20,000
Partner's contribution of property to acquire interest in joint venture       5,000
Advance to affiliate       $ 46,300
Consolidated Affiliate:        
Rentable square feet of office property under development (in sq feet) | ft²       152,000
Contribution of cash to acquire interest in joint venture       $ 20,000
Percentage of equity interest in consolidated affiliates       80.00%
Partner's contribution of property to acquire interest in joint venture       $ 5,000
Advance to affiliate       $ 46,300
Principal amount of debt $ 45,000      
Term of debt instrument 5 years      
Debt issuance costs $ 800      
Term of exercisable right (in years) 2 years      
HRLP MTW, LLC [Member] | Ownership Percentage [Member]        
Consolidated Affiliate:        
Partner's interest in consolidated joint venture (in hundredths) 20.00%     20.00%
Highwoods-Markel Associates, LLC Joint Venture [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum 50.00%      
Gain on deconsolidation of affiliate $ 11,800      
Sales price of disposition     3,000  
Gains on disposition of property     $ 1,300  
Granite Park Six JV, LLC [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum 50.00% 50.00%    
Total anticipated development costs   $ 200,000    
Construction loan obtained by joint venture   $ 115,000    
Interest rate, basis spread (in hundredths)   3.94%    
Interest rate cap (in hundredths)   3.50%    
Amount of borrowings outstanding, subject to swaps   $ 95,200    
Amount of loan funded to affiliate $ 54,900      
Consolidated Affiliate:        
Term of exercisable right (in years) 2 years      
Granite Park Six JV, LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Unconsolidated Affiliates:        
Interest rate basis   SOFR    
GPI 23 Springs JV, LLC [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum 50.00% 50.00%    
Total anticipated development costs   $ 460,000    
Equity funded to acquire interest in joint venture $ 75,600      
Construction loan obtained by joint venture   $ 265,000    
Interest rate, basis spread (in hundredths)   3.55%    
Interest rate cap (in hundredths)   3.50%    
Amount of borrowings outstanding, subject to swaps   $ 83,000    
Amount of loan funded to affiliate $ 0      
Consolidated Affiliate:        
Term of exercisable right (in years) 2 years      
GPI 23 Springs JV, LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Unconsolidated Affiliates:        
Interest rate basis   SOFR    
M+O JV, LLC [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum   50.00%    
Total anticipated development costs   $ 394,700    
Repayments of preferred equity from unconsolidated affiliates   80,000    
Equity funded to acquire interest in joint venture   86,400    
Additional common equity contribution $ 40,000      
Interest rate, basis spread (in hundredths) 3.50%      
Fair value of debt assumed from acquisition   $ 137,000    
Stated interest rate (in hundredths)   4.50%    
Effective interest rate (in hundredths)   5.30%    
Consolidated Affiliate:        
Term of exercisable right (in years) 2 years      
M+O JV, LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Unconsolidated Affiliates:        
Interest rate basis SOFR      
Midtown East Tampa, LLC [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum   50.00%    
Total anticipated development costs   $ 83,000    
Equity funded to acquire interest in joint venture $ 13,700      
Interest rate, basis spread (in hundredths) 4.50%      
Amount of loan funded to affiliate $ 0      
Rentable square feet of office property under development (in sq feet) | ft²   143,000    
Total rentable square feet of property under development (in sq feet) | ft²   432,000    
Advance to affiliate 52,300      
Consolidated Affiliate:        
Rentable square feet of office property under development (in sq feet) | ft²   143,000    
Advance to affiliate $ 52,300      
Midtown East Tampa, LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Unconsolidated Affiliates:        
Interest rate basis SOFR      
Brand/HRLP 2827 Peachtree LLC [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum     50.00%  
Total anticipated development costs     $ 79,000  
Interest rate, basis spread (in hundredths) 3.10%      
Amount of loan funded to affiliate $ 46,900      
Rentable square feet of office property under development (in sq feet) | ft²     135,000  
Contribution of cash to acquire interest in joint venture     $ 13,300  
Partner's contribution of property to acquire interest in joint venture     7,700  
Contribution of cash from affiliate     $ 5,600  
Partner's percentage of equity interest in joint venture (in hundredths)     50.00%  
Advance to affiliate $ 52,800      
Term of optional extension 1 year      
Consolidated Affiliate:        
Rentable square feet of office property under development (in sq feet) | ft²     135,000  
Contribution of cash to acquire interest in joint venture     $ 13,300  
Partner's contribution of property to acquire interest in joint venture     $ 7,700  
Advance to affiliate $ 52,800      
Term of exercisable right (in years) 2 years      
Brand/HRLP 2827 Peachtree LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]        
Unconsolidated Affiliates:        
Interest rate basis SOFR      
Plaza Colonnade, Tenant-in-Common [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum 50.00%      
Kessinger/Hunter & Company, LC [Member]        
Unconsolidated Affiliates:        
Percentage of equity interest in joint ventures, maximum 26.50%