Intangible Assets and Below Market Liabilities

3 Months Ended

Mar. 31, 2012

Finite-Lived Intangible Assets [Line Items]

Intangible Assets and Below Market Liabilities

Intangible Assets and Below Market Lease Liabilities

The following table sets forth total intangible assets and below market lease liabilities, net of accumulated amortization:

	March 31, 2012			December 31, 2011
Assets:
Deferred financing costs	$	20,251		$	18,044
Less accumulated amortization	(6,675		)	(5,797		)
	13,576			12,247
Deferred leasing costs (including lease incentives and acquisition-related intangible assets)	176,615			173,405
Less accumulated amortization	(60,987		)	(57,262		)
	115,628			116,143
Deferred financing and leasing costs, net	$	129,204		$	128,390
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	16,390		$	16,441
Less accumulated amortization	(1,457		)	(971		)
	$	14,933		$	15,470

The following table sets forth amortization of intangible assets and below market lease liabilities:

	Three Months Ended March 31,
	2012			2011
Amortization of deferred financing costs	$	902		$	821
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	6,440		$	4,356
Amortization of lease incentives (in rental and other revenues)	$	343		$	338
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	270		$	186
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(544	)	$	(25	)

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

	Amortization of Deferred Financing Costs		Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)		Amortization of Lease Incentives (in Rental and Other Revenues)		Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues)		Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
April 1, 2012 through December 31, 2012	$	2,835	$	19,281	$	981	$	788	$	(1,589	)
2013	3,306		21,690		1,154		820		(2,093		)
2014	3,004		17,497		992		526		(2,019		)
2015	2,391		13,476		771		341		(1,807		)
2016	1,020		10,175		600		281		(1,511		)
Thereafter	1,020		23,172		2,341		742		(5,914		)
	$	13,576	$	105,291	$	6,839	$	3,498	$	(14,933	)

5.    Intangible Assets and Below Market Lease Liabilities - Continued

The weighted average remaining amortization periods for deferred financing costs, deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization), lease incentives (in rental and other revenues), acquisition-related intangible assets (in rental and other revenues) and acquisition-related below market lease liabilities (in rental and other revenues) were 4.0 years, 6.2 years, 8.0 years, 5.7 years and 8.4 years, respectively, as of March 31, 2012.

Highwoods Realty Limited Partnership [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible Assets and Below Market Liabilities

Intangible Assets and Below Market Lease Liabilities

The following table sets forth total intangible assets and below market lease liabilities, net of accumulated amortization:

	March 31, 2012			December 31, 2011
Assets:
Deferred financing costs	$	20,251		$	18,044
Less accumulated amortization	(6,675		)	(5,797		)
	13,576			12,247
Deferred leasing costs (including lease incentives and acquisition-related intangible assets)	176,615			173,405
Less accumulated amortization	(60,987		)	(57,262		)
	115,628			116,143
Deferred financing and leasing costs, net	$	129,204		$	128,390
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	16,390		$	16,441
Less accumulated amortization	(1,457		)	(971		)
	$	14,933		$	15,470

The following table sets forth amortization of intangible assets and below market lease liabilities:

	Three Months Ended March 31,
	2012			2011
Amortization of deferred financing costs	$	902		$	821
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	6,440		$	4,356
Amortization of lease incentives (in rental and other revenues)	$	343		$	338
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	270		$	186
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(544	)	$	(25	)

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

	Amortization of Deferred Financing Costs		Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)		Amortization of Lease Incentives (in Rental and Other Revenues)		Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues)		Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
April 1, 2012 through December 31, 2012	$	2,835	$	19,281	$	981	$	788	$	(1,589	)
2013	3,306		21,690		1,154		820		(2,093		)
2014	3,004		17,497		992		526		(2,019		)
2015	2,391		13,476		771		341		(1,807		)
2016	1,020		10,175		600		281		(1,511		)
Thereafter	1,020		23,172		2,341		742		(5,914		)
	$	13,576	$	105,291	$	6,839	$	3,498	$	(14,933	)

5.    Intangible Assets and Below Market Lease Liabilities - Continued

The weighted average remaining amortization periods for deferred financing costs, deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization), lease incentives (in rental and other revenues), acquisition-related intangible assets (in rental and other revenues) and acquisition-related below market lease liabilities (in rental and other revenues) were 4.0 years, 6.2 years, 8.0 years, 5.7 years and 8.4 years, respectively, as of March 31, 2012.