Investments In and Advances To Affiliates

3 Months Ended

Mar. 31, 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:

	Three Months Ended March 31,
	2012			2011
Income Statements:
Rental and other revenues	$	24,820		$	25,217
Expenses:
Rental property and other expenses	11,416			11,997
Depreciation and amortization	6,565			6,616
Impairment of real estate assets	7,180			—
Interest expense	5,830			6,007
Total expenses	30,991			24,620
Net income/(loss)	$	(6,171	)	$	597
Our share of:
Depreciation and amortization of real estate assets	$	2,098		$	2,093
Impairment of real estate assets	$	1,002		$	—
Interest expense	$	1,980		$	2,161
Net income/(loss)	$	(795	)	$	921
Our share of net income/(loss)	$	(795	)	$	921
Purchase accounting and management, leasing and other fees adjustments	633			546
Equity in earnings/(losses) of unconsolidated affiliates	$	(162	)	$	1,467

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. During the first quarter of 2012, the maturity date of the loan was extended to June 30, 2012. We recorded $0.4 million of interest income from this loan in interest and other income during the three months endedMarch 31, 2012. There was no interest income recorded for this loan during the three months ended March 31, 2011.

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:

	Three Months Ended March 31,
	2012			2011
Income Statements:
Rental and other revenues	$	23,797		$	24,202
Expenses:
Rental property and other expenses	10,801			11,371
Depreciation and amortization	6,254			6,246
Impairment of real estate assets	7,180			—
Interest expense	5,663			5,825
Total expenses	29,898			23,442
Net income/(loss)	$	(6,101	)	$	760
Our share of:
Depreciation and amortization of real estate assets	$	2,059		$	2,055
Impairment of real estate assets	$	1,002		$	—
Interest expense	$	1,959		$	2,137
Net income/(loss)	$	(786	)	$	935
Our share of net income/(loss)	$	(786	)	$	935
Purchase accounting and management, leasing and other fees adjustments	626			540
Equity in earnings/(losses) of unconsolidated affiliates	$	(160	)	$	1,475

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. During the first quarter of 2012, the maturity date of the loan was extended to June 30, 2012. We recorded $0.4 million of interest income from this loan in interest and other income during the three months endedMarch 31, 2012. There was no interest income recorded for this loan during the three months ended March 31, 2011.

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.