Investments In Affiliates

3 Months Ended

Mar. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Investments In 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 that are accounted for using the equity method of accounting because we have the ability to exercise significant influence over their operating and financial policies.

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

	Three Months Ended March 31,
	2015		2014
Income Statements:
Rental and other revenues	$	12,231	$	12,434
Expenses:
Rental property and other expenses	5,667		6,217
Depreciation and amortization	3,115		3,489
Interest expense	2,149		2,211
Total expenses	10,931		11,917
Income before disposition of property	1,300		517
Gains on disposition of property	2,127		1,949
Net income	$	3,427	$	2,466

During the first quarter of 2015, Highwoods DLF 97/26 DLF 99/32, LP sold a building to an unrelated third party for a sale price of $7.0 million and recorded a gain on disposition of property of $2.1 million. We recorded $1.1 million as our share of this gain through equity in earnings of unconsolidated affiliates.