HIGHWOODS PROPERTIES, INC., 10-Q filed on 10/25/2016
Quarterly Report
v3.5.0.2
Document and Entity Information Document - shares
9 Months Ended
Sep. 30, 2016
Oct. 17, 2016
Entity Information [Line Items]    
Entity Registrant Name HIGHWOODS PROPERTIES INC.  
Entity Central Index Key 0000921082  
Current Fiscal Year End Date --12-31  
Entity Filer Category Large Accelerated Filer  
Document Type 10-Q  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Entity Common Stock, Shares Outstanding   100,204,106
Entity Well-known Seasoned Issuer Yes  
Entity Voluntary Filers No  
Entity Current Reporting Status Yes  
Highwoods Realty Limited Partnership [Member]    
Entity Information [Line Items]    
Entity Registrant Name HIGHWOODS REALTY LIMITED PARTNERSHIP  
Entity Central Index Key 0000941713  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Document Type 10-Q  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Entity Well-known Seasoned Issuer Yes  
Entity Voluntary Filers No  
Entity Current Reporting Status Yes  
v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Real estate assets, at cost:    
Land $ 474,375 $ 443,705
Buildings and tenant improvements 4,278,303 4,063,328
Development in-process 227,573 194,050
Land held for development 79,603 68,244
Total real estate assets 5,059,854 4,769,327
Less-accumulated depreciation (1,098,492) (1,007,104)
Net real estate assets 3,961,362 3,762,223
Real estate and other assets, net, held for sale 260 240,948
Cash and cash equivalents 6,387 5,036
Restricted cash 37,763 16,769
Accounts receivable, net of allowance of $791 and $928, respectively 26,756 29,077
Mortgages and notes receivable, net of allowance of $0 and $287, respectively 9,525 2,096
Accrued straight-line rents receivable, net of allowance of $703 and $257, respectively 167,503 150,392
Investments in and advances to unconsolidated affiliates 18,697 20,676
Deferred leasing costs, net of accumulated amortization of $136,292 and $115,172, respectively 218,976 231,765
Prepaid expenses and other assets, net of accumulated amortization of $20,008 and $17,830, respectively 28,581 26,649
Total Assets 4,475,810 4,485,631
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 1,901,066 2,491,813
Accounts payable, accrued expenses and other liabilities 258,638 233,988
Liabilities held for sale 0 14,119
Total Liabilities 2,159,704 2,739,920
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 148,005 126,429
Equity/Capital:    
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 28,920 and 29,050 shares issued and outstanding, respectively 28,920 29,050
Common Stock, $.01 par value, 200,000,000 authorized shares; 100,204,106 and 96,091,932 shares issued and outstanding, respectively 1,002 961
Additional paid-in capital 2,780,443 2,598,242
Distributions in excess of net income available for common stockholders (650,954) (1,023,135)
Accumulated other comprehensive loss (9,260) (3,811)
Total Stockholders’ Equity 2,150,151 1,601,307
Noncontrolling interests in consolidated affiliates 17,950 17,975
Total Equity/Capital 2,168,101 1,619,282
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital 4,475,810 4,485,631
Highwoods Realty Limited Partnership [Member]    
Real estate assets, at cost:    
Land 474,375 443,705
Buildings and tenant improvements 4,278,303 4,063,328
Development in-process 227,573 194,050
Land held for development 79,603 68,244
Total real estate assets 5,059,854 4,769,327
Less-accumulated depreciation (1,098,492) (1,007,104)
Net real estate assets 3,961,362 3,762,223
Real estate and other assets, net, held for sale 260 240,948
Cash and cash equivalents 6,387 5,036
Restricted cash 37,763 16,769
Accounts receivable, net of allowance of $791 and $928, respectively 26,756 29,077
Mortgages and notes receivable, net of allowance of $0 and $287, respectively 9,525 2,096
Accrued straight-line rents receivable, net of allowance of $703 and $257, respectively 167,503 150,392
Investments in and advances to unconsolidated affiliates 18,697 20,676
Deferred leasing costs, net of accumulated amortization of $136,292 and $115,172, respectively 218,976 231,765
Prepaid expenses and other assets, net of accumulated amortization of $20,008 and $17,830, respectively 28,581 26,649
Total Assets 4,475,810 4,485,631
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 1,901,066 2,491,813
Accounts payable, accrued expenses and other liabilities 258,638 233,988
Liabilities held for sale 0 14,119
Total Liabilities 2,159,704 2,739,920
Commitments and contingencies
Redeemable Operating Partnership Units:    
Common Units, 2,839,704 and 2,899,752 outstanding, respectively 148,005 126,429
Series A Preferred Units (liquidation preference $1,000 per unit), 28,920 and 29,050 units issued and outstanding, respectively 28,920 29,050
Total Redeemable Operating Partnership Units 176,925 155,479
Equity/Capital:    
General partner Common Units, 1,026,350 and 985,829 outstanding, respectively 21,303 15,759
Limited partner Common Units, 98,768,947 and 94,697,294 outstanding, respectively 2,109,188 1,560,309
Accumulated other comprehensive loss (9,260) (3,811)
Noncontrolling interests in consolidated affiliates 17,950 17,975
Total Equity/Capital 2,139,181 1,590,232
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 4,475,810 $ 4,485,631
v3.5.0.2
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Assets:    
Accounts receivable allowance $ 791 $ 928
Mortgages and notes receivable allowance 0 287
Accrued straight-line rents receivable allowance 703 257
Deferred leasing costs, accumulated amortization 136,292 115,172
Prepaid expenses and other assets, accumulated amortization $ 20,008 $ 17,830
Equity/Capital:    
Series A Preferred Stock, dividend rate percentage (in hundredths) 8.625% 8.625%
Series A Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Series A Preferred Stock, authorized shares (in shares) 50,000,000 50,000,000
Series A Preferred Stock, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Stock, shares issued (in shares) 28,920 29,050
Series A Preferred Stock, shares outstanding (in shares) 28,920 29,050
Common Stock, par value (in dollars per share) $ 0.01 $ 0.01
Common Stock, authorized shares (in shares) 200,000,000 200,000,000
Common Stock, shares issued (in shares) 100,204,106 96,091,932
Common Stock, shares outstanding (in shares) 100,204,106 96,091,932
Highwoods Realty Limited Partnership [Member]    
Assets:    
Accounts receivable allowance $ 791 $ 928
Mortgages and notes receivable allowance 0 287
Accrued straight-line rents receivable allowance 703 257
Deferred leasing costs, accumulated amortization 136,292 115,172
Prepaid expenses and other assets, accumulated amortization $ 20,008 $ 17,830
Redeemable Operating Partnership Units: [Abstract]    
Redeemable Common Units outstanding (in shares) 2,839,704 2,899,752
Series A Preferred Units, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Units, issued (in shares) 28,920 29,050
Series A Preferred Units, outstanding (in shares) 28,920 29,050
Common Units: [Abstract]    
General partners' capital account, units outstanding (in shares) 1,026,350 985,829
Limited partners' capital account, units outstanding (in shares) 98,768,947 94,697,294
v3.5.0.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Rental and other revenues $ 166,269 $ 150,766 $ 497,988 $ 444,545
Operating expenses:        
Rental property and other expenses 58,620 54,430 173,715 159,314
Depreciation and amortization 52,923 50,963 161,734 145,758
General and administrative 9,863 8,990 29,327 28,898
Total operating expenses 121,406 114,383 364,776 333,970
Interest expense:        
Contractual 17,722 20,484 56,111 61,783
Amortization of debt issuance costs 844 873 2,645 2,501
Financing obligation 0 0 0 162
Total interest expense 18,566 21,357 58,756 64,446
Other income:        
Interest and other income 833 379 1,884 1,481
Losses on debt extinguishment 0 0 0 (220)
Total other income 833 379 1,884 1,261
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 27,130 15,405 76,340 47,390
Gains on disposition of property 3,902 7,012 14,160 10,581
Gain on disposition of investment in unconsolidated affiliate 0 4,155 0 4,155
Equity in earnings of unconsolidated affiliates 2,808 780 5,010 4,367
Income from continuing operations 33,840 27,352 95,510 66,493
Discontinued operations:        
Income from discontinued operations 0 4,265 4,097 12,850
Net gains on disposition of discontinued operations 0 0 414,496 0
Total income from discontinued operations 0 4,265 418,593 12,850
Net income 33,840 31,617 514,103 79,343
Net (income) attributable to noncontrolling interests in the Operating Partnership (926) (918) (14,876) (2,296)
Net (income) attributable to noncontrolling interests in consolidated affiliates (319) (324) (941) (948)
Dividends on Preferred Stock (624) (626) (1,877) (1,879)
Net income available for common stockholders $ 31,971 $ 29,749 $ 496,409 $ 74,220
Earnings per Common Share – basic:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.32 $ 0.27 $ 0.92 $ 0.66
Income from discontinued operations available for common stockholders (in dollars per share) 0.00 0.04 4.16 0.13
Net income available for common stockholders (in dollars per share) $ 0.32 $ 0.31 $ 5.08 $ 0.79
Weighted average Common Shares outstanding - basic (in shares) 98,973 94,693 97,669 93,996
Earnings per Common Share - diluted:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.32 $ 0.27 $ 0.92 $ 0.66
Income from discontinued operations available for common stockholders (in dollars per share) 0.00 0.04 4.16 0.13
Net income available for common stockholders (in dollars per share) $ 0.32 $ 0.31 $ 5.08 $ 0.79
Weighted average Common Shares outstanding - diluted (in shares) [1] 101,939 97,661 100,645 97,003
Dividends declared per Common Share (in dollars per share) $ 0.425 $ 0.425 $ 1.275 $ 1.275
Net income available for common stockholders:        
Income from continuing operations available for common stockholders $ 31,971 $ 25,612 $ 90,081 $ 61,759
Income from discontinued operations available for common stockholders 0 4,137 406,328 12,461
Net income available for common stockholders 31,971 29,749 496,409 74,220
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues 166,269 150,766 497,988 444,545
Operating expenses:        
Rental property and other expenses 58,620 54,430 173,715 159,314
Depreciation and amortization 52,923 50,963 161,734 145,758
General and administrative 9,863 8,990 29,327 28,898
Total operating expenses 121,406 114,383 364,776 333,970
Interest expense:        
Contractual 17,722 20,484 56,111 61,783
Amortization of debt issuance costs 844 873 2,645 2,501
Financing obligation 0 0 0 162
Total interest expense 18,566 21,357 58,756 64,446
Other income:        
Interest and other income 833 379 1,884 1,481
Losses on debt extinguishment 0 0 0 (220)
Total other income 833 379 1,884 1,261
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 27,130 15,405 76,340 47,390
Gains on disposition of property 3,902 7,012 14,160 10,581
Gain on disposition of investment in unconsolidated affiliate 0 4,155 0 4,155
Equity in earnings of unconsolidated affiliates 2,808 780 5,010 4,367
Income from continuing operations 33,840 27,352 95,510 66,493
Discontinued operations:        
Income from discontinued operations 0 4,265 4,097 12,850
Net gains on disposition of discontinued operations 0 0 414,496 0
Total income from discontinued operations 0 4,265 418,593 12,850
Net income 33,840 31,617 514,103 79,343
Net (income) attributable to noncontrolling interests in consolidated affiliates (319) (324) (941) (948)
Distributions on Preferred Units (624) (626) (1,877) (1,879)
Net income available for common unitholders $ 32,897 $ 30,667 $ 511,285 $ 76,516
Earnings per Common Unit - basic:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.32 $ 0.27 $ 0.93 $ 0.66
Income from discontinued operations available for common unitholders (in dollars per share) 0.00 0.05 4.18 0.13
Net income available for common unitholders (in dollars per share) $ 0.32 $ 0.32 $ 5.11 $ 0.79
Weighted average Common Units outstanding - basic (in shares) 101,422 97,194 100,142 96,505
Earnings per Common Unit - diluted:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.32 $ 0.27 $ 0.92 $ 0.66
Income from discontinued operations available for common unitholders (in dollars per share) 0.00 0.05 4.18 0.13
Net income available for common unitholders (in dollars per share) $ 0.32 $ 0.32 $ 5.10 $ 0.79
Weighted average Common Units outstanding - diluted (in shares) [2] 101,530 97,252 100,236 96,594
Distributions declared per Common Unit (in dollars per unit) $ 0.425 $ 0.425 $ 1.275 $ 1.275
Net income available for common unitholders:        
Income from continuing operations available for common unitholders $ 32,897 $ 26,402 $ 92,692 $ 63,666
Income from discontinued operations available for common unitholders 0 4,265 418,593 12,850
Net income available for common unitholders $ 32,897 $ 30,667 $ 511,285 $ 76,516
[1] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[2] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
v3.5.0.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Comprehensive income:        
Net income $ 33,840 $ 31,617 $ 514,103 $ 79,343
Other comprehensive income/(loss):        
Unrealized gains/(losses) on tax increment financing bond 0 (7) 0 187
Unrealized gains/(losses) on cash flow hedges 1,610 (3,021) (7,785) (5,666)
Amortization of cash flow hedges 758 932 2,336 2,781
Total other comprehensive income/(loss) 2,368 (2,096) (5,449) (2,698)
Total comprehensive income 36,208 29,521 508,654 76,645
Less-comprehensive (income) attributable to noncontrolling interests (1,245) (1,242) (15,817) (3,244)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders 34,963 28,279 492,837 73,401
Highwoods Realty Limited Partnership [Member]        
Comprehensive income:        
Net income 33,840 31,617 514,103 79,343
Other comprehensive income/(loss):        
Unrealized gains/(losses) on tax increment financing bond 0 (7) 0 187
Unrealized gains/(losses) on cash flow hedges 1,610 (3,021) (7,785) (5,666)
Amortization of cash flow hedges 758 932 2,336 2,781
Total other comprehensive income/(loss) 2,368 (2,096) (5,449) (2,698)
Total comprehensive income 36,208 29,521 508,654 76,645
Less-comprehensive (income) attributable to noncontrolling interests (319) (324) (941) (948)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 35,889 $ 29,197 $ 507,713 $ 75,697
v3.5.0.2
Consolidated Statements of Equity/Capital - USD ($)
$ in Thousands
Total
Highwoods Realty Limited Partnership [Member]
Common Stock [Member]
Series A Cumulative Redeemable Preferred Shares [Member]
General Partners' Common Units [Member]
Highwoods Realty Limited Partnership [Member]
Limited Partners' Common Units [Member]
Highwoods Realty Limited Partnership [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Highwoods Realty Limited Partnership [Member]
Noncontrolling Interests in Consolidated Affiliates [Member]
Noncontrolling Interests in Consolidated Affiliates [Member]
Highwoods Realty Limited Partnership [Member]
Distributions in Excess of Net Income Available for Common Stockholders [Member]
Balance (in shares) at Dec. 31, 2014     92,907,310                  
Balance at Dec. 31, 2014 $ 1,551,091 $ 1,522,223 $ 929 $ 29,060 $ 15,078 $ 1,492,948 $ 2,464,275 $ (3,912) $ (3,912) $ 18,109 $ 18,109 $ (957,370)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Units, net of issuance costs and tax withholdings   93,216     932 92,284     0   0  
Distributions paid on Common Units   (122,929)     (1,230) (121,699)     0   0  
Distributions paid on Preferred Units   (1,879)     (19) (1,860)     0   0  
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares     2,268,380                  
Issuances of Common Stock, net of issuance costs and tax withholdings 93,216   $ 23 0     93,193 0   0   0
Conversions of Common Units to Common Stock - Shares     26,820                  
Conversions of Common Units to Common Stock 1,206   $ 0 0     1,206 0   0   0
Dividends on Common Stock (119,729)   0 0     0 0   0   (119,729)
Dividends on Preferred Stock (1,879)   0 0     0 0   0   (1,879)
Adjustment of noncontrolling interests in the Operating Partnership to fair value 14,649   0 0     14,649 0   0   0
Distributions to noncontrolling interests in consolidated affiliates (1,070) (1,070) $ 0 0 0 0 0 0 0 (1,070) (1,070) 0
Issuances of restricted stock - shares     128,951                  
Issuances of restricted stock 0   $ 0 0     0 0   0   0
Redemptions/repurchases of Preferred Stock (10)   $ 0 (10)     0 0   0   0
Share-based compensation expense, net of forfeitures - shares     (1,703)                  
Share-based compensation expense, net of forfeitures 5,996 5,996 $ 1 0 60 5,936 5,995 0 0 0 0 0
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner   16,567     166 16,401     0   0  
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,296)   0 0     0 0   0   (2,296)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0 0 0 0 (9) (939) 0 0 0 948 948 (948)
Comprehensive income:                        
Net income 79,343 79,343 0 0 793 78,550 0 0 0 0 0 79,343
Other comprehensive loss (2,698) (2,698) $ 0 0 0 0 0 (2,698) (2,698) 0 0 0
Total comprehensive income 76,645 76,645                    
Balance (in shares) at Sep. 30, 2015     95,329,758                  
Balance at Sep. 30, 2015 $ 1,617,819 1,588,769 $ 953 29,050 15,771 1,561,621 2,579,318 (6,610) (6,610) 17,987 17,987 (1,002,879)
Balance (in shares) at Dec. 31, 2015 96,091,932   96,091,932                  
Balance at Dec. 31, 2015 $ 1,619,282 1,590,232 $ 961 29,050 15,759 1,560,309 2,598,242 (3,811) (3,811) 17,975 17,975 (1,023,135)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Units, net of issuance costs and tax withholdings   187,214     1,872 185,342     0   0  
Distributions paid on Common Units   (127,391)     (1,274) (126,117)     0   0  
Distributions paid on Preferred Units   (1,877)     (19) (1,858)     0   0  
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares     3,930,262                  
Issuances of Common Stock, net of issuance costs and tax withholdings 187,214   $ 39 0     187,175 0   0   0
Conversions of Common Units to Common Stock - Shares     60,048                  
Conversions of Common Units to Common Stock 3,006   $ 0 0     3,006 0   0   0
Dividends on Common Stock (124,228)   0 0     0 0   0   (124,228)
Dividends on Preferred Stock (1,877)   0 0     0 0   0   (1,877)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (13,390)   0 0     (13,390) 0   0   0
Distributions to noncontrolling interests in consolidated affiliates (966) (966) $ 0 0 0 0 0 0 0 (966) (966) 0
Issuances of restricted stock - shares     130,752                  
Issuances of restricted stock 0   $ 0 0     0 0   0   0
Redemptions/repurchases of Preferred Stock (130)   $ 0 (130)     0 0   0   0
Share-based compensation expense, net of forfeitures - shares     (8,888)                  
Share-based compensation expense, net of forfeitures 5,412 5,412 $ 2 0 54 5,358 5,410 0 0 0 0 0
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner   (22,097)     (221) (21,876)     0   0  
Net (income) attributable to noncontrolling interests in the Operating Partnership (14,876)   0 0     0 0   0   (14,876)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0 0 0 0 (9) (932) 0 0 0 941 941 (941)
Comprehensive income:                        
Net income 514,103 514,103 0 0 5,141 508,962 0 0 0 0 0 514,103
Other comprehensive loss (5,449) (5,449) $ 0 0 0 0 0 (5,449) (5,449) 0 0 0
Total comprehensive income $ 508,654 508,654                    
Balance (in shares) at Sep. 30, 2016 100,204,106   100,204,106                  
Balance at Sep. 30, 2016 $ 2,168,101 $ 2,139,181 $ 1,002 $ 28,920 $ 21,303 $ 2,109,188 $ 2,780,443 $ (9,260) $ (9,260) $ 17,950 $ 17,950 $ (650,954)
v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 514,103 $ 79,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 161,734 156,200
Amortization of lease incentives and acquisition-related intangible assets and liabilities (1,599) 214
Share-based compensation expense 5,412 5,996
Allowance for losses on accounts and accrued straight-line rents receivable 1,846 1,851
Accrued interest on mortgages and notes receivable (364) (313)
Amortization of debt issuance costs 2,645 2,501
Amortization of cash flow hedges 2,336 2,781
Amortization of mortgages and notes payable fair value adjustments (175) 7
Losses on debt extinguishment 0 220
Net gains on disposition of property (428,656) (10,581)
Gain on disposition of investment in unconsolidated affiliate 0 (4,155)
Equity in earnings of unconsolidated affiliates (5,010) (4,367)
Changes in financing obligation 0 162
Distributions of earnings from unconsolidated affiliates 3,936 4,099
Changes in operating assets and liabilities:    
Accounts receivable 4,798 1,716
Prepaid expenses and other assets (2,243) (3,475)
Accrued straight-line rents receivable (18,931) (16,955)
Accounts payable, accrued expenses and other liabilities (7,447) (5,834)
Net cash provided by operating activities 232,385 209,410
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (110,249) (408,634)
Investments in development in-process (122,839) (87,222)
Investments in tenant improvements and deferred leasing costs (63,715) (85,234)
Investments in building improvements (51,714) (38,295)
Net proceeds from disposition of real estate assets 680,994 22,781
Net proceeds from disposition of investment in unconsolidated affiliate 0 6,919
Distributions of capital from unconsolidated affiliates 2,639 10,227
Investments in mortgages and notes receivable (7,934) (1,772)
Repayments of mortgages and notes receivable 869 9,301
Investments in and advances to unconsolidated affiliates (105) (384)
Repayments from unconsolidated affiliates 448 20,800
Changes in restricted cash and other investing activities (23,310) (12,582)
Net cash provided by/(used in) investing activities 305,084 (564,095)
Financing activities:    
Dividends on Common Stock (124,228) (119,729)
Redemptions/repurchases of Preferred Stock (130) (10)
Dividends on Preferred Stock (1,877) (1,879)
Distributions to noncontrolling interests in the Operating Partnership (3,684) (3,721)
Distributions to noncontrolling interests in consolidated affiliates (966) (1,070)
Proceeds from the issuance of Common Stock 194,518 98,485
Costs paid for the issuance of Common Stock (2,888) (1,518)
Repurchase of shares related to tax withholdings (4,416) (3,751)
Borrowings on revolving credit facility 257,800 393,900
Repayments of revolving credit facility (528,800) (337,900)
Borrowings on mortgages and notes payable 75,000 375,000
Repayments of mortgages and notes payable (395,455) (43,076)
Payments on financing obligation 0 (1,722)
Changes in debt issuance costs and other financing activities (992) (1,972)
Net cash provided by/(used in) financing activities (536,118) 351,037
Net increase/(decrease) in cash and cash equivalents 1,351 (3,648)
Cash and cash equivalents at beginning of the period 5,036 8,832
Cash and cash equivalents at end of the period 6,387 5,184
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 58,138 62,661
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges (7,785) (5,666)
Conversions of Common Units to Common Stock 3,006 1,206
Changes in accrued capital expenditures 25,037 1,759
Write-off of fully depreciated real estate assets 28,783 44,742
Write-off of fully amortized debt issuance and leasing costs 16,991 27,658
Adjustment of noncontrolling interests in the Operating Partnership to fair value 13,390 (14,649)
Unrealized gains on tax increment financing bond 0 187
Assumption of mortgages and notes payable related to acquisition activities 0 19,277
Contingent consideration in connection with the acquisition of land 0 900
Highwoods Realty Limited Partnership [Member]    
Operating activities:    
Net income 514,103 79,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 161,734 156,200
Amortization of lease incentives and acquisition-related intangible assets and liabilities (1,599) 214
Share-based compensation expense 5,412 5,996
Allowance for losses on accounts and accrued straight-line rents receivable 1,846 1,851
Accrued interest on mortgages and notes receivable (364) (313)
Amortization of debt issuance costs 2,645 2,501
Amortization of cash flow hedges 2,336 2,781
Amortization of mortgages and notes payable fair value adjustments (175) 7
Losses on debt extinguishment 0 220
Net gains on disposition of property (428,656) (10,581)
Gain on disposition of investment in unconsolidated affiliate 0 (4,155)
Equity in earnings of unconsolidated affiliates (5,010) (4,367)
Changes in financing obligation 0 162
Distributions of earnings from unconsolidated affiliates 3,523 4,099
Changes in operating assets and liabilities:    
Accounts receivable 4,798 1,716
Prepaid expenses and other assets (2,243) (3,475)
Accrued straight-line rents receivable (18,931) (16,955)
Accounts payable, accrued expenses and other liabilities (7,447) (5,748)
Net cash provided by operating activities 231,972 209,496
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (110,249) (408,634)
Investments in development in-process (122,839) (87,222)
Investments in tenant improvements and deferred leasing costs (63,715) (85,234)
Investments in building improvements (51,714) (38,295)
Net proceeds from disposition of real estate assets 680,994 22,781
Net proceeds from disposition of investment in unconsolidated affiliate 0 6,919
Distributions of capital from unconsolidated affiliates 3,052 10,227
Investments in mortgages and notes receivable (7,934) (1,772)
Repayments of mortgages and notes receivable 869 9,301
Investments in and advances to unconsolidated affiliates (105) (384)
Repayments from unconsolidated affiliates 448 20,800
Changes in restricted cash and other investing activities (23,310) (12,582)
Net cash provided by/(used in) investing activities 305,497 (564,095)
Financing activities:    
Distributions on Common Units (127,391) (122,929)
Redemptions/repurchases of Preferred Units (130) (10)
Distributions on Preferred Units (1,877) (1,879)
Distributions to noncontrolling interests in consolidated affiliates (966) (1,070)
Proceeds from the issuance of Common Units 194,518 98,485
Costs paid for the issuance of Common Units (2,888) (1,518)
Repurchase of units related to tax withholdings (4,416) (3,751)
Borrowings on revolving credit facility 257,800 393,900
Repayments of revolving credit facility (528,800) (337,900)
Borrowings on mortgages and notes payable 75,000 375,000
Repayments of mortgages and notes payable (395,455) (43,076)
Payments on financing obligation 0 (1,722)
Changes in debt issuance costs and other financing activities (1,513) (2,685)
Net cash provided by/(used in) financing activities (536,118) 350,845
Net increase/(decrease) in cash and cash equivalents 1,351 (3,754)
Cash and cash equivalents at beginning of the period 5,036 8,938
Cash and cash equivalents at end of the period 6,387 5,184
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 58,138 62,661
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges (7,785) (5,666)
Changes in accrued capital expenditures 25,037 1,759
Write-off of fully depreciated real estate assets 28,783 44,742
Write-off of fully amortized debt issuance and leasing costs 16,991 27,658
Adjustment of Redeemable Common Units to fair value 21,576 (17,280)
Unrealized gains on tax increment financing bond 0 187
Assumption of mortgages and notes payable related to acquisition activities 0 19,277
Contingent consideration in connection with the acquisition of land $ 0 $ 900
v3.5.0.2
Description of Business and Significant Accounting Policies
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Significant Accounting Policies
Description of Business and Significant Accounting Policies

Description of Business

Highwoods Properties, Inc. (the “Company”) is a fully integrated real estate investment trust (“REIT”) that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the “Operating Partnership”). At September 30, 2016, we owned or had an interest in 31.1 million rentable square feet of in-service properties, 1.1 million rentable square feet of properties under development and approximately 450 acres of development land.
 
The Company is the sole general partner of the Operating Partnership. At September 30, 2016, the Company owned all of the Preferred Units and 99.8 million, or 97.2%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.8 million Common Units. During the nine months ended September 30, 2016, the Company redeemed 60,048 Common Units for a like number of shares of Common Stock.

Common Stock Offerings
 
During the three and nine months ended September 30, 2016, the Company issued 1,547,457 and 3,624,528 shares, respectively, of Common Stock under its equity distribution agreements at an average gross sales price of $52.79 and $49.67 per share, respectively, and received net proceeds, after sales commissions, of $80.5 million and $177.3 million, respectively. As a result of this activity and the redemptions discussed above, the percentage of Common Units owned by the Company increased from 97.1% at December 31, 2015 to 97.2% at September 30, 2016.

Basis of Presentation
 
Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Our Consolidated Statements of Income for the three and nine months ended September 30, 2015 were retrospectively revised from previously reported amounts to reclassify the operations for those properties classified as discontinued operations. The Company's Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those entities in which the Company has the controlling interest. The Operating Partnership's Consolidated Financial Statements include wholly owned subsidiaries and those entities in which the Operating Partnership has the controlling interest. In addition, we consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At September 30, 2016, we had involvement with, but are not the primary beneficiary in, an entity that we concluded to be a variable interest entity. All intercompany transactions and accounts have been eliminated.

The unaudited interim consolidated financial statements and accompanying unaudited consolidated financial information, in the opinion of management, contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2015 Annual Report on Form 10-K.

Use of Estimates

The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates.

1.    Description of Business and Significant Accounting Policies – Continued

Recently Issued Accounting Standards

The Financial Accounting Standards Board ("FASB") recently issued an accounting standards update ("ASU") that requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that we identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when we satisfy the performance obligations. We will also be required to disclose information regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The ASU is required to be adopted in 2018. Retrospective application is required either to all periods presented or with the cumulative effect of initial adoption recognized in the period of adoption. We are in the process of evaluating this ASU.
 
The FASB recently issued an ASU that amended consolidation requirements. The amendments significantly change the consolidation analysis required under GAAP and require companies to reevaluate all previous consolidation conclusions. We adopted the ASU as of January 1, 2016 and there was no impact to consolidated entities included in our Consolidated Financial Statements. However, in reevaluating our previous consolidation conclusions upon adoption of the ASU, we determined our 12.5% equity interest in an unconsolidated affiliate to be an interest in a variable interest entity because certain of its limited partners do not have substantive kick-out or participating rights. We do not qualify as the primary beneficiary since our obligation to absorb losses and receive benefits of the variable interest entity is less than that of the other general partner and we do not have the power to direct the activities that most significantly affect the economic performance of the entity. Accordingly, the entity is not consolidated. At September 30, 2016, our maximum exposure to loss with respect to this arrangement is limited to the less than $0.1 million carrying value of our 12.5% investment in the unconsolidated affiliate.
 
The FASB recently issued an ASU that requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability to which they relate, consistent with debt discounts, as opposed to being presented as assets. For debt issuance costs related to revolving credit facilities, the FASB allows the presentation of debt issuance costs as an asset. We adopted the ASU as of January 1, 2016 with retrospective application to our December 31, 2015 Consolidated Balance Sheets. The effect of the adoption was to reclassify debt issuance costs from deferred financing and leasing costs, net of accumulated amortization, as follows: $7.8 million to a contra account as a deduction from the related mortgages and notes payable and $2.1 million to prepaid expenses and other assets. There was no effect on our Consolidated Statements of Income.

The FASB recently issued an ASU which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors.  The ASU requires lessors to account for leases using an approach that is substantially equivalent to the existing guidance and is effective for reporting periods beginning in 2019 with early adoption permitted.  We are in the process of evaluating this ASU.

The FASB recently issued an ASU that requires, among other things, the use of a new current expected credit loss ("CECL") model in determining our allowances for doubtful accounts with respect to accounts receivable, accrued straight-line rents receivable and mortgages and notes receivable. The CECL model requires that we estimate our lifetime expected credit loss with respect to these receivables and record allowances that, when deducted from the balance of the receivables, represent the net amounts expected to be collected. We will also be required to disclose information about how we developed the allowances, including changes in the factors (e.g., portfolio mix, credit trends, unemployment, gross domestic product, etc.) that influenced our estimate of expected credit losses and the reasons for those changes. We will apply the ASU’s provisions as a cumulative-effect adjustment to retained earnings upon adoption in 2020. We are in the process of evaluating this ASU.

The FASB recently issued an ASU that adds to and clarifies guidance on the classification of certain cash receipts and payments in the statement of cash flows. The ASU is required to be adopted in 2018 with retrospective application required. We are in the process of evaluating this ASU.
v3.5.0.2
Real Estate Assets
9 Months Ended
Sep. 30, 2016
Real Estate [Abstract]  
Real Estate Assets
Real Estate Assets
 
Acquisitions
 
During the third quarter of 2016, we acquired a building in Raleigh, NC, which delivered in 2015 and encompasses 243,000 rentable square feet, for a net purchase price of $76.9 million. We expensed $0.3 million of acquisition costs (included in general and administrative expenses) related to this acquisition. The assets acquired and liabilities assumed were recorded at fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations.

During the third quarter of 2016, we also acquired:

fee simple title to the land underneath one of our buildings in Pittsburgh, PA that was previously subject to a ground lease for a purchase price of $18.5 million. We expensed $0.5 million of acquisition costs (included in general and administrative expenses) related to this acquisition; and

an acre of development land in Raleigh, NC for a purchase price, including capitalized acquisition costs, of $5.8 million.

During the second quarter of 2016, we acquired 14 acres of development land in Nashville, TN for a purchase price, including capitalized acquisition costs, of $9.1 million.
 
Pro Forma Disclosure

The following table sets forth a summary of the fair value of the major assets acquired and liabilities assumed relating to the acquisition of two buildings in Atlanta, GA encompassing 896,000 rentable square feet during the third quarter of 2015:

 
Total
Purchase Price Allocation
Real estate assets
$
275,639

Acquisition-related intangible assets (in deferred leasing costs)
23,722

Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(9,076
)
Total allocation
$
290,285


 
The following table sets forth the Company's revenues and net income, adjusted for interest expense, straight-line rental income, depreciation and amortization related to purchase price allocations and acquisition costs, assuming the above-referenced acquisition of two buildings in Atlanta, GA during the third quarter of 2015 had been completed as of January 1, 2014:
 
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
Pro forma revenues
$
157,618

 
$
465,476

Pro forma net income
$
33,354

 
$
80,647

Pro forma net income available for common stockholders
$
31,486

 
$
75,524

Pro forma earnings per share - basic
$
0.33

 
$
0.80

Pro forma earnings per share - diluted
$
0.33

 
$
0.80


 

2.    Real Estate Assets - Continued

Dispositions
 
During the third quarter of 2016, we sold land for a sale price of $6.8 million and recorded a gain on disposition of property of $3.9 million. We deferred $0.4 million of gain related to a portion of the sale price that was escrowed for contingent future infrastructure work.
 
During the second quarter of 2016, we sold a building for a sale price of $14.2 million and recorded a gain on disposition of property of $5.9 million.

During the first quarter of 2016, we sold:
 
substantially all of our wholly-owned Country Club Plaza assets in Kansas City (which we refer to as the “Plaza assets”) for a sale price of $660.0 million (before closing credits to buyer of $4.8 million). We recorded gains on disposition of discontinued operations of $414.5 million and a gain on disposition of property of $1.3 million related to the land;
 
a 32,000 square foot building for a sale price of $4.7 million (before closing credits to buyer of $0.1 million) and recorded a gain on disposition of property of $1.1 million. The buyer, which leased 79% of the building, is a family business controlled by a director of the Company. The sale price exceeded the value set forth in an appraisal performed by a reputable independent commercial real estate services firm that has no relationship with the director or any of his affiliates; and
 
a building for a sale price of $6.4 million (before closing credits to buyer of $0.5 million) and recorded a gain on disposition of property of $2.0 million.
v3.5.0.2
Mortgages and Notes Receivable
9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Mortgages and Notes Receivable
Mortgages and Notes Receivable
Mortgages and notes receivable were $9.5 million and $2.1 million at September 30, 2016 and December 31, 2015, respectively. We evaluate the ability to collect our mortgages and notes receivable by monitoring the leasing statistics and/or market fundamentals of these assets. As of September 30, 2016, our mortgages and notes receivable were not in default and there were no other indicators of impairment.
v3.5.0.2
Investments In and Advances To Unconsolidated Affiliates
9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Investments In and Advances To Unconsolidated Affiliates
Investments in and Advances to 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
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Income Statements:
 
 
 
 
 
 
 
Rental and other revenues
$
10,357

 
$
12,323

 
$
32,339

 
$
36,977

Expenses:
 
 
 
 
 
 
 
Rental property and other expenses
4,201

 
5,985

 
13,489

 
17,683

Depreciation and amortization
2,459

 
3,193

 
7,862

 
9,418

Interest expense
1,264

 
1,645

 
3,983

 
5,826

Total expenses
7,924

 
10,823

 
25,334

 
32,927

Income before disposition of property
2,433

 
1,500

 
7,005

 
4,050

Gains on disposition of property
21,345

 

 
22,247

 
18,181

Net income
$
23,778

 
$
1,500

 
$
29,252

 
$
22,231



4.    Investments in and Advances to Unconsolidated Affiliates - Continued

During the third quarter of 2016, 4600 Madison Associates, LP (a joint venture in which we own a 12.5% interest) sold a building to an unrelated third party for a sale price of $32.7 million and recorded a gain on disposition of property of $21.3 million. As our cost basis was different from the basis reflected at the joint venture level, we recorded $1.8 million of gain through equity in earnings of unconsolidated affiliates. Simultaneously with the sale, the joint venture used a portion of the proceeds to pay off all $6.3 million of its debt.

During the first quarter of 2016, Concourse Center Associates, LLC (a joint venture in which we own a 50.0% interest) sold two buildings and land to an unrelated third party for an aggregate sale price of $11.0 million and recorded losses on disposition of property of $0.1 million. As our cost basis was different from the basis reflected at the joint venture level, we recorded $0.4 million of gains through equity in earnings of unconsolidated affiliates. Simultaneously with the sale, the joint venture repaid all $6.6 million of its debt.

During the first quarter of 2016, 4600 Madison Associates, LP sold land to an unrelated third party for a sale price of $3.4 million and recorded a gain on disposition of property of $1.0 million. We recorded $0.1 million as our share of this gain through equity in earnings of unconsolidated affiliates. Simultaneously with the sale, the joint venture used all of the proceeds to pay down $3.4 million of its debt.
v3.5.0.2
Intangible Assets and Below Market Lease Liabilities
9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Below Market Lease Liabilities
Intangible Assets and Below Market Lease Liabilities
 
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
 
 
September 30,
2016
 
December 31,
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
355,268

 
$
346,937

Less accumulated amortization
(136,292
)
 
(115,172
)
 
$
218,976

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
63,712

 
$
63,830

Less accumulated amortization
(23,675
)
 
(17,927
)
 
$
40,037

 
$
45,903


The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,111

 
$
10,858

 
$
33,177

 
$
30,747

Amortization of lease incentives (in rental and other revenues)
$
273

 
$
368

 
$
1,374

 
$
1,131

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
901

 
$
1,414

 
$
2,904

 
$
3,769

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
140

 
$
140

 
$
417

 
$
416

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,734
)
 
$
(1,727
)
 
$
(6,294
)
 
$
(5,133
)

5.    Intangible Assets and Below Market Lease Liabilities - Continued

The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:
 
 
 
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 Intangible Assets (in Rental Property and Other Expenses)
 
Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
October 1 through December 31, 2016
 
$
11,797

 
$
358

 
$
917

 
$
137

 
$
(1,737
)
2017
 
41,426

 
1,399

 
2,657

 
553

 
(6,231
)
2018
 
34,194

 
1,294

 
1,713

 
553

 
(6,022
)
2019
 
28,606

 
1,080

 
1,322

 
553

 
(5,549
)
2020
 
23,983

 
805

 
1,002

 
525

 
(5,223
)
Thereafter
 
58,905

 
2,544

 
2,653

 

 
(15,275
)
 
 
$
198,911

 
$
7,480

 
$
10,264

 
$
2,321

 
$
(40,037
)
Weighted average remaining amortization periods as of September 30, 2016 (in years)
 
6.7

 
7.4

 
6.2

 
4.2

 
7.5



The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2016 acquisition activity:

 
 
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues)
 
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
 
Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition
 
$
122

 
$
5,008

 
$
(428
)
Weighted average remaining amortization periods as of September 30, 2016 (in years)
 
9.8

 
10.2

 
11.2

v3.5.0.2
Mortgages and Notes Payable
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Mortgages and Notes Payable
Mortgages and Notes Payable
 
The following table sets forth our mortgages and notes payable:
 
 
September 30,
2016
 
December 31,
2015
Secured indebtedness
$
129,013

 
$
175,281

Unsecured indebtedness
1,778,942

 
2,324,333

Less-unamortized debt issuance costs
(6,889
)
 
(7,801
)
Total mortgages and notes payable, net
$
1,901,066

 
$
2,491,813


 
At September 30, 2016, our secured mortgage loans were collateralized by real estate assets with an aggregate undepreciated book value of $247.1 million.
 

6.    Mortgages and Notes Payable - Continued

Our $475.0 million unsecured revolving credit facility is scheduled to mature in January 2018 and includes an accordion feature that allows for an additional $75.0 million of borrowing capacity subject to additional lender commitments. Assuming no defaults have occurred, we have an option to extend the maturity for two additional six-month periods. The interest rate at our current credit ratings is LIBOR plus 110 basis points and the annual facility fee is 20 basis points. There was $28.0 million and $38.0 million outstanding under our revolving credit facility at September 30, 2016 and October 17, 2016, respectively. At both September 30, 2016 and October 17, 2016, we had $0.2 million of outstanding letters of credit, which reduces the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility at September 30, 2016 and October 17, 2016 was $446.8 million and $436.8 million, respectively.
 
During the second quarter of 2016, we prepaid without penalty the remaining $43.6 million balance on a secured mortgage loan with an effective interest rate of 7.5% that was originally scheduled to mature in August 2016.

During the second quarter of 2016, we executed a $150.0 million, 67-month unsecured term loan facility. The term loan facility is originally scheduled to mature in January 2022. The interest rate on the term loan facility at our current credit ratings is LIBOR plus 110 basis points. The purpose of the term loan facility is to repay amounts outstanding under our revolving credit facility and other general corporate purposes. There was $75.0 million outstanding under our term loan facility at both September 30, 2016 and October 17, 2016.
 
During the first quarter of 2016, we prepaid without penalty the $350.0 million balance on our unsecured bridge facility that was originally scheduled to mature in March 2016.
 
We are currently in compliance with financial covenants and other requirements with respect to our consolidated debt.
v3.5.0.2
Derivative Financial Instruments
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
Derivative Financial Instruments
 
During the first quarter of 2016, we obtained $150.0 million notional amount of forward-starting swaps that effectively lock the underlying 10-year treasury rate at 1.90% with respect to a forecasted debt issuance expected to occur prior to March 15, 2017. The counterparties under the swaps are major financial institutions.
 
Our interest rate swaps have been designated as and are being accounted for as cash flow hedges with changes in fair value recorded in other comprehensive income/(loss) each reporting period. No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on our cash flow hedges during the nine months ended September 30, 2016 and 2015. We have no collateral requirements related to our interest rate swaps.
 
Amounts reported in accumulated other comprehensive loss ("AOCL") related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. During the period from October 1, 2016 through September 30, 2017, we estimate that $2.5 million will be reclassified to interest expense.
 
The following table sets forth the fair value of our derivatives:
 
 
September 30,
2016
 
December 31,
2015
Derivatives:
 
 
 
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
 
 
 
Interest rate swaps
$
8,701

 
$
3,073


 

7.
Derivative Financial Instruments - Continued

The following table sets forth the effect of our cash flow hedges on AOCL and interest expense:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Derivatives Designated as Cash Flow Hedges:
 
 
 
 
 
 
 
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion):
 
 
 
 
 
 
 
Interest rate swaps
$
1,610

 
$
(3,021
)
 
$
(7,785
)
 
$
(5,666
)
Amount of losses reclassified out of AOCL into contractual interest expense (effective portion):
 
 
 
 
 
 
 
Interest rate swaps
$
758

 
$
932

 
$
2,336

 
$
2,781

v3.5.0.2
Noncontrolling Interests
9 Months Ended
Sep. 30, 2016
Noncontrolling Interest [Abstract]  
Noncontrolling Interests
Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates
 
At September 30, 2016, our noncontrolling interests in consolidated affiliates relate to our joint venture partner's 50.0% interest in office properties in Richmond, VA. Our joint venture partner is an unrelated third party.

Noncontrolling Interests in the Operating Partnership

The following table sets forth the Company's noncontrolling interests in the Operating Partnership:
 
 
Nine Months Ended
September 30,
 
2016
 
2015
Beginning noncontrolling interests in the Operating Partnership
$
126,429

 
$
130,048

Adjustment of noncontrolling interests in the Operating Partnership to fair value
13,390

 
(14,649
)
Conversions of Common Units to Common Stock
(3,006
)
 
(1,206
)
Net income attributable to noncontrolling interests in the Operating Partnership
14,876

 
2,296

Distributions to noncontrolling interests in the Operating Partnership
(3,684
)
 
(3,721
)
Total noncontrolling interests in the Operating Partnership
$
148,005

 
$
112,768


The following table sets forth net income available for common stockholders and transfers from the Company's noncontrolling interests in the Operating Partnership:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Net income available for common stockholders
$
31,971

 
$
29,749

 
$
496,409

 
$
74,220

Increase in additional paid in capital from conversions of Common Units
to Common Stock
1,448

 

 
3,006

 
1,206

Change from net income available for common stockholders and transfers from noncontrolling interests
$
33,419

 
$
29,749

 
$
499,415

 
$
75,426

v3.5.0.2
Disclosure About Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Disclosure About Fair Value of Financial Instruments
Disclosure About Fair Value of Financial Instruments

The following summarizes the three levels of inputs that we use to measure fair value.

Level 1.  Quoted prices in active markets for identical assets or liabilities.

Our Level 1 asset is our investment in marketable securities that we use to pay benefits under our non-qualified deferred compensation plan. Our Level 1 liability is our non-qualified deferred compensation obligation. The Company's Level 1 noncontrolling interests in the Operating Partnership relate to the ownership of Common Units by various individuals and entities other than the Company.

Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

Our Level 2 asset is the fair value of our mortgages and notes receivable. Our Level 2 liabilities include the fair value of our mortgages and notes payable and interest rate swaps.

The fair value of mortgages and notes receivable and mortgages and notes payable is estimated by the income approach utilizing contractual cash flows and market-based interest rates to approximate the price that would be paid in an orderly transaction between market participants. The fair value of interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments of interest rate swaps are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. In addition, credit valuation adjustments are considered in the fair values to account for potential nonperformance risk, but were concluded to not be significant inputs to the calculation for the periods presented.
 
Level 3. Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
 
Our Level 3 asset included our tax increment financing bond, which was not routinely traded but whose fair value was determined by the income approach utilizing contractual cash flows and market-based interest rates to estimate the projected redemption value based on quoted bid/ask prices for similar unrated municipal bonds.
 
Our Level 3 liability was the fair value of our financing obligation, which was estimated by the income approach to approximate the price that would be paid in an orderly transaction between market participants, utilizing: (1) contractual cash flows; (2) market-based interest rates; and (3) a number of other assumptions including demand for space, competition for customers, changes in market rental rates, costs of operation and expected ownership periods.


9.
Disclosure About Fair Value of Financial Instruments - Continued

The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy.
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
 
Total
 
Quoted Prices
in Active
Markets for Identical Assets or Liabilities
 
Significant Observable Inputs
 
Significant Unobservable Inputs
Fair Value at September 30, 2016:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Mortgages and notes receivable, at fair value (1)
 
$
9,525

 
$

 
$
9,525

 
$

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
 
2,426

 
2,426

 

 

Total Assets
 
$
11,951

 
$
2,426

 
$
9,525

 
$

Noncontrolling Interests in the Operating Partnership
 
$
148,005

 
$
148,005

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
 
Mortgages and notes payable, net, at fair value (1)
 
$
1,941,317

 
$

 
$
1,941,317

 
$

Interest rate swaps (in accounts payable, accrued expenses and other liabilities)
 
8,701

 

 
8,701

 

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
 
2,426

 
2,426

 

 

Total Liabilities
 
$
1,952,444

 
$
2,426

 
$
1,950,018

 
$

Fair Value at December 31, 2015:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Mortgages and notes receivable, at fair value (1)
 
$
2,096

 
$

 
$
2,096

 
$

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
 
2,736

 
2,736

 

 

Tax increment financing bond (in real estate and other assets, net, held for sale) (2)
 
11,197

 

 

 
11,197

Total Assets
 
$
16,029

 
$
2,736

 
$
2,096

 
$
11,197

Noncontrolling Interests in the Operating Partnership
 
$
126,429

 
$
126,429

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
 
Mortgages and notes payable, net, at fair value (1)
 
$
2,517,589

 
$

 
$
2,517,589

 
$

Interest rate swaps (in accounts payable, accrued expenses and other liabilities)
 
3,073

 

 
3,073

 

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
 
2,736

 
2,736

 

 

Financing obligation, at fair value (in liabilities held for sale) (1) (2)
 
7,402

 

 

 
7,402

Total Liabilities
 
$
2,530,800

 
$
2,736

 
$
2,520,662

 
$
7,402


__________
(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2016 and December 31, 2015.
(2)    Sold during the first quarter of 2016 in conjunction with the sales of the Plaza assets.
9.
Disclosure About Fair Value of Financial Instruments - Continued

The following table sets forth the changes in our Level 3 asset, which was recorded at fair value on our Consolidated Balance Sheets:

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Asset:
 
 
 
 
 
 
 
Tax Increment Financing Bond:
 
 
 
 
 
 
 
Beginning balance
$

 
$
12,641

 
$
11,197

 
$
12,447

Assigned to the buyer of the Plaza assets

 

 
(11,197
)
 

Unrealized gains/(losses) (in AOCL)

 
(7
)
 

 
187

Ending balance
$

 
$
12,634

 
$

 
$
12,634



During 2007, we acquired a tax increment financing bond associated with a parking garage developed by us, which was assigned in conjunction with the sales of the Plaza assets in the first quarter of 2016. The estimated fair value at the date of sale was equal to the outstanding principal amount due on the bond.
 
The following table sets forth quantitative information about the unobservable input of our Level 3 asset, which was recorded at fair value on our Consolidated Balance Sheets:
 
 
Valuation
Technique
 
Unobservable
Input
 
Rate as of
 
 
 
December 31, 2015
Asset:
 
 
 
 
 
Tax increment financing bond
Income approach
 
Discount rate
 
6.93%
v3.5.0.2
Share-Based Payments
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Payments
Share-Based Payments
 
During the nine months ended September 30, 2016, the Company granted 244,664 stock options with an exercise price equal to the closing market price of a share of Common Stock on the date of grant. The fair value of each option is estimated on the date of grant using the Black-Scholes option pricing model, which resulted in a weighted average grant date fair value per share of $4.61. During the nine months ended September 30, 2016, the Company also granted 72,698 shares of time-based restricted stock and 58,054 shares of total return-based restricted stock with weighted average grant date fair values per share of $43.59 and $41.37, respectively. We recorded share-based compensation expense of $0.9 million during each of the three months ended September 30, 2016 and 2015 and $5.4 million and $6.0 million during the nine months ended September 30, 2016 and 2015, respectively. At September 30, 2016, there was $5.9 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.4 years.
v3.5.0.2
Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
 
The following table sets forth the components of AOCL:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Tax increment financing bond:
 
 
 
 
 
 
 
Beginning balance
$

 
$
(251
)
 
$

 
$
(445
)
Unrealized gains/(losses) on tax increment financing bond

 
(7
)
 

 
187

Ending balance

 
(258
)
 

 
(258
)
Cash flow hedges:
 
 
 
 
 
 
 
Beginning balance
(11,628
)
 
(4,263
)
 
(3,811
)
 
(3,467
)
Unrealized gains/(losses) on cash flow hedges
1,610

 
(3,021
)
 
(7,785
)
 
(5,666
)
Amortization of cash flow hedges (1)
758

 
932

 
2,336

 
2,781

Ending balance
(9,260
)
 
(6,352
)
 
(9,260
)
 
(6,352
)
Total accumulated other comprehensive loss
$
(9,260
)

$
(6,610
)
 
$
(9,260
)
 
$
(6,610
)
__________
(1)    Amounts reclassified out of AOCL into contractual interest expense.
v3.5.0.2
Real Estate, Other Assets and Liabilities Held For Sale and Discontinued Operations
9 Months Ended
Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate, Other Assets and Liabilities Held For Sale and Discontinued Operations
Real Estate, Other Assets and Liabilities Held For Sale and Discontinued Operations

The following tables set forth the assets and liabilities related to discontinued operations at December 31, 2015, the results of operations for the three and nine months ended September 30, 2016 and 2015 and cash flows for the nine months ended September 30, 2016 and 2015 as well as assets held for sale at September 30, 2016:

 
September 30,
2016
 
December 31,
2015
Assets:
 
 
 
Land
$

 
$
16,681

Buildings and tenant improvements

 
322,811

Land held for development
260

 
1,089

Less-accumulated depreciation

 
(131,274
)
Net real estate assets
260

 
209,307

Accrued straight-line rents receivable, net

 
11,730

Deferred leasing costs, net

 
6,690

Prepaid expenses and other assets, net

 
13,221

Real estate and other assets, net, held for sale
$
260

 
$
240,948

Liabilities:
 
 
 
Accounts payable, accrued expenses and other liabilities
$

 
$
(6,717
)
Financing obligation

 
(7,402
)
Liabilities held for sale
$

 
$
(14,119
)


 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Rental and other revenues
$

 
$
12,970

 
$
8,484

 
$
37,637

Operating expenses:
 
 
 
 
 
 
 
Rental property and other expenses

 
5,328

 
3,334

 
15,235

Depreciation and amortization

 
3,689

 

 
10,442

General and administrative

 
192

 
1,388

 
613

Total operating expenses

 
9,209

 
4,722

 
26,290

Interest expense

 
155

 
85

 
491

Other income

 
659

 
420

 
1,994

Income from discontinued operations

 
4,265

 
4,097

 
12,850

Net gains on disposition of discontinued operations

 

 
414,496

 

Total income from discontinued operations
$

 
$
4,265

 
$
418,593

 
$
12,850



 
Nine Months Ended
September 30,
 
2016
 
2015
Cash flows from operating activities
$
2,040

 
$
21,991

Cash flows from investing activities
$
417,097

 
$
(12,642
)
v3.5.0.2
Earnings Per Share and Per Unit
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit
Earnings Per Share and Per Unit

The following table sets forth the computation of basic and diluted earnings per share of the Company:

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Earnings per Common Share - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations
(926
)
 
(790
)
 
(2,611
)
 
(1,907
)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Dividends on Preferred Stock
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common stockholders
31,971

 
25,612

 
90,081

 
61,759

Income from discontinued operations

 
4,265

 
418,593

 
12,850

Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations

 
(128
)
 
(12,265
)
 
(389
)
Income from discontinued operations available for common stockholders

 
4,137

 
406,328

 
12,461

Net income available for common stockholders
$
31,971

 
$
29,749

 
$
496,409

 
$
74,220

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
98,973

 
94,693

 
97,669

 
93,996

Earnings per Common Share - basic:
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.32

 
$
0.27

 
$
0.92

 
$
0.66

Income from discontinued operations available for common stockholders

 
0.04

 
4.16

 
0.13

Net income available for common stockholders
$
0.32

 
$
0.31

 
$
5.08

 
$
0.79

Earnings per Common Share - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Dividends on Preferred Stock
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
32,897

 
26,402

 
92,692

 
63,666

Income from discontinued operations available for common stockholders

 
4,265

 
418,593

 
12,850

Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
32,897

 
$
30,667

 
$
511,285

 
$
76,516

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
98,973

 
94,693

 
97,669

 
93,996

Add:
 
 
 
 
 
 
 
Stock options using the treasury method
108

 
58

 
94

 
89

Noncontrolling interests Common Units
2,858

 
2,910

 
2,882

 
2,918

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)
101,939

 
97,661

 
100,645

 
97,003

Earnings per Common Share - diluted:
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.32

 
$
0.27

 
$
0.92

 
$
0.66

Income from discontinued operations available for common stockholders

 
0.04

 
4.16

 
0.13

Net income available for common stockholders
$
0.32

 
$
0.31

 
$
5.08

 
$
0.79

__________
(1)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.

13.
Earnings Per Share and Per Unit - Continued

The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Earnings per Common Unit - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Distributions on Preferred Units
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common unitholders
32,897

 
26,402

 
92,692

 
63,666

Income from discontinued operations available for common unitholders

 
4,265

 
418,593

 
12,850

Net income available for common unitholders
$
32,897

 
$
30,667

 
$
511,285

 
$
76,516

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
101,422

 
97,194

 
100,142

 
96,505

Earnings per Common Unit - basic:
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.32

 
$
0.27

 
$
0.93

 
$
0.66

Income from discontinued operations available for common unitholders

 
0.05

 
4.18

 
0.13

Net income available for common unitholders
$
0.32

 
$
0.32

 
$
5.11

 
$
0.79

Earnings per Common Unit - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Distributions on Preferred Units
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common unitholders
32,897

 
26,402

 
92,692

 
63,666

Income from discontinued operations available for common unitholders

 
4,265

 
418,593

 
12,850

Net income available for common unitholders
$
32,897

 
$
30,667

 
$
511,285

 
$
76,516

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
101,422

 
97,194

 
100,142

 
96,505

Add:
 
 
 
 
 
 
 
Stock options using the treasury method
108

 
58

 
94

 
89

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)
101,530

 
97,252

 
100,236

 
96,594

Earnings per Common Unit - diluted:
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.32

 
$
0.27

 
$
0.92

 
$
0.66

Income from discontinued operations available for common unitholders

 
0.05

 
4.18

 
0.13

Net income available for common unitholders
$
0.32

 
$
0.32

 
$
5.10

 
$
0.79

__________
(1)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
v3.5.0.2
Segment Information
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information

The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments. Our segment information for the three and nine months ended September 30, 2015 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments.

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Rental and Other Revenues:
 
 
 
 
 
 
 
Office:
 
 
 
 
 
 
 
Atlanta, GA
$
33,340

 
$
25,737

 
$
101,188

 
$
76,130

Greensboro, NC
5,167

 
5,288

 
15,351

 
16,126

Memphis, TN
12,330

 
11,790

 
36,275

 
35,574

Nashville, TN
23,979

 
22,614

 
71,760

 
66,200

Orlando, FL
11,678

 
11,397

 
34,360

 
33,179

Pittsburgh, PA
14,386

 
14,831

 
43,721

 
44,099

Raleigh, NC
27,767

 
27,081

 
84,013

 
76,063

Richmond, VA
11,414

 
10,564

 
33,420

 
31,351

Tampa, FL
22,836

 
17,785

 
67,088

 
54,814

Total Office Segment
162,897

 
147,087

 
487,176

 
433,536

Other
3,372

 
3,679

 
10,812

 
11,009

Total Rental and Other Revenues
$
166,269

 
$
150,766

 
$
497,988

 
$
444,545


14.
Segment Information - Continued

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Net Operating Income:
 
 
 
 
 
 
 
Office:
 
 
 
 
 
 
 
Atlanta, GA
$
20,718

 
$
15,970

 
$
63,681

 
$
47,000

Greensboro, NC
3,187

 
3,275

 
9,544

 
10,217

Memphis, TN
7,753

 
7,317

 
22,566

 
22,347

Nashville, TN
17,042

 
15,726

 
51,470

 
46,438

Orlando, FL
6,633

 
6,153

 
19,638

 
18,984

Pittsburgh, PA
8,482

 
8,840

 
25,193

 
25,472

Raleigh, NC
19,525

 
19,018

 
59,935

 
53,647

Richmond, VA
7,602

 
6,909

 
22,718

 
20,721

Tampa, FL
14,349

 
10,615

 
42,037

 
32,855

Total Office Segment
105,291

 
93,823

 
316,782

 
277,681

Other
2,358

 
2,513

 
7,491

 
7,550

Total Net Operating Income
107,649

 
96,336

 
324,273

 
285,231

Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates:
 
 
 
 
 
 
 
Depreciation and amortization
(52,923
)
 
(50,963
)
 
(161,734
)
 
(145,758
)
General and administrative expenses
(9,863
)
 
(8,990
)
 
(29,327
)
 
(28,898
)
Interest expense
(18,566
)
 
(21,357
)
 
(58,756
)
 
(64,446
)
Other income
833

 
379

 
1,884

 
1,261

Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates
$
27,130

 
$
15,405

 
$
76,340

 
$
47,390

v3.5.0.2
Description of Business and Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation, Policy [Policy Text Block]
Basis of Presentation
 
Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Our Consolidated Statements of Income for the three and nine months ended September 30, 2015 were retrospectively revised from previously reported amounts to reclassify the operations for those properties classified as discontinued operations. The Company's Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those entities in which the Company has the controlling interest. The Operating Partnership's Consolidated Financial Statements include wholly owned subsidiaries and those entities in which the Operating Partnership has the controlling interest. In addition, we consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At September 30, 2016, we had involvement with, but are not the primary beneficiary in, an entity that we concluded to be a variable interest entity. All intercompany transactions and accounts have been eliminated.

The unaudited interim consolidated financial statements and accompanying unaudited consolidated financial information, in the opinion of management, contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2015 Annual Report on Form 10-K.

Use of Estimates, Policy [Policy Text Block]
Use of Estimates

The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Standards, Policy [Policy Text Block]
Recently Issued Accounting Standards

The Financial Accounting Standards Board ("FASB") recently issued an accounting standards update ("ASU") that requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that we identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when we satisfy the performance obligations. We will also be required to disclose information regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The ASU is required to be adopted in 2018. Retrospective application is required either to all periods presented or with the cumulative effect of initial adoption recognized in the period of adoption. We are in the process of evaluating this ASU.
 
The FASB recently issued an ASU that amended consolidation requirements. The amendments significantly change the consolidation analysis required under GAAP and require companies to reevaluate all previous consolidation conclusions. We adopted the ASU as of January 1, 2016 and there was no impact to consolidated entities included in our Consolidated Financial Statements. However, in reevaluating our previous consolidation conclusions upon adoption of the ASU, we determined our 12.5% equity interest in an unconsolidated affiliate to be an interest in a variable interest entity because certain of its limited partners do not have substantive kick-out or participating rights. We do not qualify as the primary beneficiary since our obligation to absorb losses and receive benefits of the variable interest entity is less than that of the other general partner and we do not have the power to direct the activities that most significantly affect the economic performance of the entity. Accordingly, the entity is not consolidated. At September 30, 2016, our maximum exposure to loss with respect to this arrangement is limited to the less than $0.1 million carrying value of our 12.5% investment in the unconsolidated affiliate.
 
The FASB recently issued an ASU that requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability to which they relate, consistent with debt discounts, as opposed to being presented as assets. For debt issuance costs related to revolving credit facilities, the FASB allows the presentation of debt issuance costs as an asset. We adopted the ASU as of January 1, 2016 with retrospective application to our December 31, 2015 Consolidated Balance Sheets. The effect of the adoption was to reclassify debt issuance costs from deferred financing and leasing costs, net of accumulated amortization, as follows: $7.8 million to a contra account as a deduction from the related mortgages and notes payable and $2.1 million to prepaid expenses and other assets. There was no effect on our Consolidated Statements of Income.

The FASB recently issued an ASU which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors.  The ASU requires lessors to account for leases using an approach that is substantially equivalent to the existing guidance and is effective for reporting periods beginning in 2019 with early adoption permitted.  We are in the process of evaluating this ASU.

The FASB recently issued an ASU that requires, among other things, the use of a new current expected credit loss ("CECL") model in determining our allowances for doubtful accounts with respect to accounts receivable, accrued straight-line rents receivable and mortgages and notes receivable. The CECL model requires that we estimate our lifetime expected credit loss with respect to these receivables and record allowances that, when deducted from the balance of the receivables, represent the net amounts expected to be collected. We will also be required to disclose information about how we developed the allowances, including changes in the factors (e.g., portfolio mix, credit trends, unemployment, gross domestic product, etc.) that influenced our estimate of expected credit losses and the reasons for those changes. We will apply the ASU’s provisions as a cumulative-effect adjustment to retained earnings upon adoption in 2020. We are in the process of evaluating this ASU.

The FASB recently issued an ASU that adds to and clarifies guidance on the classification of certain cash receipts and payments in the statement of cash flows. The ASU is required to be adopted in 2018 with retrospective application required. We are in the process of evaluating this ASU.
v3.5.0.2
Real Estate Assets Real Estate Assets (Tables) - Pro Forma 2015 Acquisitions [Member]
9 Months Ended
Sep. 30, 2016
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, Purchase Price Allocation [Table Text Block]
The following table sets forth a summary of the fair value of the major assets acquired and liabilities assumed relating to the acquisition of two buildings in Atlanta, GA encompassing 896,000 rentable square feet during the third quarter of 2015:

 
Total
Purchase Price Allocation
Real estate assets
$
275,639

Acquisition-related intangible assets (in deferred leasing costs)
23,722

Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(9,076
)
Total allocation
$
290,285

Highwoods Properties, Inc. [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, Pro Forma [Table Text Block]
The following table sets forth the Company's revenues and net income, adjusted for interest expense, straight-line rental income, depreciation and amortization related to purchase price allocations and acquisition costs, assuming the above-referenced acquisition of two buildings in Atlanta, GA during the third quarter of 2015 had been completed as of January 1, 2014:
 
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
Pro forma revenues
$
157,618

 
$
465,476

Pro forma net income
$
33,354

 
$
80,647

Pro forma net income available for common stockholders
$
31,486

 
$
75,524

Pro forma earnings per share - basic
$
0.33

 
$
0.80

Pro forma earnings per share - diluted
$
0.33

 
$
0.80

v3.5.0.2
Investments In and Advances To Unconsolidated Affiliates (Tables)
9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments Summarized Income Statement Information [Table Text Block]
The following table sets forth the summarized income statements of our unconsolidated affiliates:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Income Statements:
 
 
 
 
 
 
 
Rental and other revenues
$
10,357

 
$
12,323

 
$
32,339

 
$
36,977

Expenses:
 
 
 
 
 
 
 
Rental property and other expenses
4,201

 
5,985

 
13,489

 
17,683

Depreciation and amortization
2,459

 
3,193

 
7,862

 
9,418

Interest expense
1,264

 
1,645

 
3,983

 
5,826

Total expenses
7,924

 
10,823

 
25,334

 
32,927

Income before disposition of property
2,433

 
1,500

 
7,005

 
4,050

Gains on disposition of property
21,345

 

 
22,247

 
18,181

Net income
$
23,778

 
$
1,500

 
$
29,252

 
$
22,231

v3.5.0.2
Intangible Assets and Below Market Lease Liabilities (Tables)
9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Total Intangible Assets and Below Market Lease Liabilities [Table Text Block]
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:
 
 
September 30,
2016
 
December 31,
2015
Assets:
 
 
 
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)
$
355,268

 
$
346,937

Less accumulated amortization
(136,292
)
 
(115,172
)
 
$
218,976

 
$
231,765

 
 
 
 
Liabilities (in accounts payable, accrued expenses and other liabilities):
 
 
 
Acquisition-related below market lease liabilities
$
63,712

 
$
63,830

Less accumulated amortization
(23,675
)
 
(17,927
)
 
$
40,037

 
$
45,903

Amortization of Intangible Assets and Below Market Lease Liabilities [Table Text Block]
The following table sets forth amortization of intangible assets and below market lease liabilities:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)
$
10,111

 
$
10,858

 
$
33,177

 
$
30,747

Amortization of lease incentives (in rental and other revenues)
$
273

 
$
368

 
$
1,374

 
$
1,131

Amortization of acquisition-related intangible assets (in rental and other revenues)
$
901

 
$
1,414

 
$
2,904

 
$
3,769

Amortization of acquisition-related intangible assets (in rental property and other expenses)
$
140

 
$
140

 
$
417

 
$
416

Amortization of acquisition-related below market lease liabilities (in rental and other revenues)
$
(1,734
)
 
$
(1,727
)
 
$
(6,294
)
 
$
(5,133
)

Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities [Table Text Block]
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:
 
 
 
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 Intangible Assets (in Rental Property and Other Expenses)
 
Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
October 1 through December 31, 2016
 
$
11,797

 
$
358

 
$
917

 
$
137

 
$
(1,737
)
2017
 
41,426

 
1,399

 
2,657

 
553

 
(6,231
)
2018
 
34,194

 
1,294

 
1,713

 
553

 
(6,022
)
2019
 
28,606

 
1,080

 
1,322

 
553

 
(5,549
)
2020
 
23,983

 
805

 
1,002

 
525

 
(5,223
)
Thereafter
 
58,905

 
2,544

 
2,653

 

 
(15,275
)
 
 
$
198,911

 
$
7,480

 
$
10,264

 
$
2,321

 
$
(40,037
)
Weighted average remaining amortization periods as of September 30, 2016 (in years)
 
6.7

 
7.4

 
6.2

 
4.2

 
7.5

Total Intangible Assets and Below Market Lease Liabilities from Acquisition Activity [Table Text Block]
The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2016 acquisition activity:

 
 
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues)
 
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
 
Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition
 
$
122

 
$
5,008

 
$
(428
)
Weighted average remaining amortization periods as of September 30, 2016 (in years)
 
9.8

 
10.2

 
11.2

v3.5.0.2
Mortgages and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Consolidated Mortgages and Notes Payable [Table Text Block]
The following table sets forth our mortgages and notes payable:
 
 
September 30,
2016
 
December 31,
2015
Secured indebtedness
$
129,013

 
$
175,281

Unsecured indebtedness
1,778,942

 
2,324,333

Less-unamortized debt issuance costs
(6,889
)
 
(7,801
)
Total mortgages and notes payable, net
$
1,901,066

 
$
2,491,813

v3.5.0.2
Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Fair Value [Table Text Block]
The following table sets forth the fair value of our derivatives:
 
 
September 30,
2016
 
December 31,
2015
Derivatives:
 
 
 
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
 
 
 
Interest rate swaps
$
8,701

 
$
3,073

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table sets forth the effect of our cash flow hedges on AOCL and interest expense:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Derivatives Designated as Cash Flow Hedges:
 
 
 
 
 
 
 
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion):
 
 
 
 
 
 
 
Interest rate swaps
$
1,610

 
$
(3,021
)
 
$
(7,785
)
 
$
(5,666
)
Amount of losses reclassified out of AOCL into contractual interest expense (effective portion):
 
 
 
 
 
 
 
Interest rate swaps
$
758

 
$
932

 
$
2,336

 
$
2,781

v3.5.0.2
Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]
9 Months Ended
Sep. 30, 2016
Noncontrolling Interest [Line Items]  
Noncontrolling Interests in the Operating Partnership [Table Text Block]
The following table sets forth the Company's noncontrolling interests in the Operating Partnership:
 
 
Nine Months Ended
September 30,
 
2016
 
2015
Beginning noncontrolling interests in the Operating Partnership
$
126,429

 
$
130,048

Adjustment of noncontrolling interests in the Operating Partnership to fair value
13,390

 
(14,649
)
Conversions of Common Units to Common Stock
(3,006
)
 
(1,206
)
Net income attributable to noncontrolling interests in the Operating Partnership
14,876

 
2,296

Distributions to noncontrolling interests in the Operating Partnership
(3,684
)
 
(3,721
)
Total noncontrolling interests in the Operating Partnership
$
148,005

 
$
112,768


Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Table Text Block]
The following table sets forth net income available for common stockholders and transfers from the Company's noncontrolling interests in the Operating Partnership:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Net income available for common stockholders
$
31,971

 
$
29,749

 
$
496,409

 
$
74,220

Increase in additional paid in capital from conversions of Common Units
to Common Stock
1,448

 

 
3,006

 
1,206

Change from net income available for common stockholders and transfers from noncontrolling interests
$
33,419

 
$
29,749

 
$
499,415

 
$
75,426

v3.5.0.2
Disclosure About Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]
The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy.
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
 
Total
 
Quoted Prices
in Active
Markets for Identical Assets or Liabilities
 
Significant Observable Inputs
 
Significant Unobservable Inputs
Fair Value at September 30, 2016:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Mortgages and notes receivable, at fair value (1)
 
$
9,525

 
$

 
$
9,525

 
$

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
 
2,426

 
2,426

 

 

Total Assets
 
$
11,951

 
$
2,426

 
$
9,525

 
$

Noncontrolling Interests in the Operating Partnership
 
$
148,005

 
$
148,005

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
 
Mortgages and notes payable, net, at fair value (1)
 
$
1,941,317

 
$

 
$
1,941,317

 
$

Interest rate swaps (in accounts payable, accrued expenses and other liabilities)
 
8,701

 

 
8,701

 

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
 
2,426

 
2,426

 

 

Total Liabilities
 
$
1,952,444

 
$
2,426

 
$
1,950,018

 
$

Fair Value at December 31, 2015:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Mortgages and notes receivable, at fair value (1)
 
$
2,096

 
$

 
$
2,096

 
$

Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
 
2,736

 
2,736

 

 

Tax increment financing bond (in real estate and other assets, net, held for sale) (2)
 
11,197

 

 

 
11,197

Total Assets
 
$
16,029

 
$
2,736

 
$
2,096

 
$
11,197

Noncontrolling Interests in the Operating Partnership
 
$
126,429

 
$
126,429

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
 
Mortgages and notes payable, net, at fair value (1)
 
$
2,517,589

 
$

 
$
2,517,589

 
$

Interest rate swaps (in accounts payable, accrued expenses and other liabilities)
 
3,073

 

 
3,073

 

Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
 
2,736

 
2,736

 

 

Financing obligation, at fair value (in liabilities held for sale) (1) (2)
 
7,402

 

 

 
7,402

Total Liabilities
 
$
2,530,800

 
$
2,736

 
$
2,520,662

 
$
7,402


__________
(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2016 and December 31, 2015.
(2)    Sold during the first quarter of 2016 in conjunction with the sales of the Plaza assets.
Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]
The following table sets forth the changes in our Level 3 asset, which was recorded at fair value on our Consolidated Balance Sheets:

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Asset:
 
 
 
 
 
 
 
Tax Increment Financing Bond:
 
 
 
 
 
 
 
Beginning balance
$

 
$
12,641

 
$
11,197

 
$
12,447

Assigned to the buyer of the Plaza assets

 

 
(11,197
)
 

Unrealized gains/(losses) (in AOCL)

 
(7
)
 

 
187

Ending balance
$

 
$
12,634

 
$

 
$
12,634

Fair Value Measurements, Valuation Techniques [Table Text Block]
The following table sets forth quantitative information about the unobservable input of our Level 3 asset, which was recorded at fair value on our Consolidated Balance Sheets:
 
 
Valuation
Technique
 
Unobservable
Input
 
Rate as of
 
 
 
December 31, 2015
Asset:
 
 
 
 
 
Tax increment financing bond
Income approach
 
Discount rate
 
6.93%
v3.5.0.2
Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of Accumulated Other Comprehensive Loss [Table Text Block]
The following table sets forth the components of AOCL:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Tax increment financing bond:
 
 
 
 
 
 
 
Beginning balance
$

 
$
(251
)
 
$

 
$
(445
)
Unrealized gains/(losses) on tax increment financing bond

 
(7
)
 

 
187

Ending balance

 
(258
)
 

 
(258
)
Cash flow hedges:
 
 
 
 
 
 
 
Beginning balance
(11,628
)
 
(4,263
)
 
(3,811
)
 
(3,467
)
Unrealized gains/(losses) on cash flow hedges
1,610

 
(3,021
)
 
(7,785
)
 
(5,666
)
Amortization of cash flow hedges (1)
758

 
932

 
2,336

 
2,781

Ending balance
(9,260
)
 
(6,352
)
 
(9,260
)
 
(6,352
)
Total accumulated other comprehensive loss
$
(9,260
)

$
(6,610
)
 
$
(9,260
)
 
$
(6,610
)
__________
(1)    Amounts reclassified out of AOCL into contractual interest expense.
v3.5.0.2
Real Estate, Other Assets and Liabilities Held For Sale and Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate and Other Assets of the Properties Classified As Held For Sale [Table Text Block]
The following tables set forth the assets and liabilities related to discontinued operations at December 31, 2015, the results of operations for the three and nine months ended September 30, 2016 and 2015 and cash flows for the nine months ended September 30, 2016 and 2015 as well as assets held for sale at September 30, 2016:

 
September 30,
2016
 
December 31,
2015
Assets:
 
 
 
Land
$

 
$
16,681

Buildings and tenant improvements

 
322,811

Land held for development
260

 
1,089

Less-accumulated depreciation

 
(131,274
)
Net real estate assets
260

 
209,307

Accrued straight-line rents receivable, net

 
11,730

Deferred leasing costs, net

 
6,690

Prepaid expenses and other assets, net

 
13,221

Real estate and other assets, net, held for sale
$
260

 
$
240,948

Liabilities:
 
 
 
Accounts payable, accrued expenses and other liabilities
$

 
$
(6,717
)
Financing obligation

 
(7,402
)
Liabilities held for sale
$

 
$
(14,119
)
Operations Classified as Discontinued Operations [Table Text Block]
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Rental and other revenues
$

 
$
12,970

 
$
8,484

 
$
37,637

Operating expenses:
 
 
 
 
 
 
 
Rental property and other expenses

 
5,328

 
3,334

 
15,235

Depreciation and amortization

 
3,689

 

 
10,442

General and administrative

 
192

 
1,388

 
613

Total operating expenses

 
9,209

 
4,722

 
26,290

Interest expense

 
155

 
85

 
491

Other income

 
659

 
420

 
1,994

Income from discontinued operations

 
4,265

 
4,097

 
12,850

Net gains on disposition of discontinued operations

 

 
414,496

 

Total income from discontinued operations
$

 
$
4,265

 
$
418,593

 
$
12,850



 
Nine Months Ended
September 30,
 
2016
 
2015
Cash flows from operating activities
$
2,040

 
$
21,991

Cash flows from investing activities
$
417,097

 
$
(12,642
)
v3.5.0.2
Earnings Per Share and Per Unit (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share and Per Unit Basic and Diluted [Line Items]  
Earnings Per Share [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per share of the Company:

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Earnings per Common Share - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations
(926
)
 
(790
)
 
(2,611
)
 
(1,907
)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Dividends on Preferred Stock
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common stockholders
31,971

 
25,612

 
90,081

 
61,759

Income from discontinued operations

 
4,265

 
418,593

 
12,850

Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations

 
(128
)
 
(12,265
)
 
(389
)
Income from discontinued operations available for common stockholders

 
4,137

 
406,328

 
12,461

Net income available for common stockholders
$
31,971

 
$
29,749

 
$
496,409

 
$
74,220

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
98,973

 
94,693

 
97,669

 
93,996

Earnings per Common Share - basic:
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.32

 
$
0.27

 
$
0.92

 
$
0.66

Income from discontinued operations available for common stockholders

 
0.04

 
4.16

 
0.13

Net income available for common stockholders
$
0.32

 
$
0.31

 
$
5.08

 
$
0.79

Earnings per Common Share - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Dividends on Preferred Stock
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
32,897

 
26,402

 
92,692

 
63,666

Income from discontinued operations available for common stockholders

 
4,265

 
418,593

 
12,850

Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
32,897

 
$
30,667

 
$
511,285

 
$
76,516

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
98,973

 
94,693

 
97,669

 
93,996

Add:
 
 
 
 
 
 
 
Stock options using the treasury method
108

 
58

 
94

 
89

Noncontrolling interests Common Units
2,858

 
2,910

 
2,882

 
2,918

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)
101,939

 
97,661

 
100,645

 
97,003

Earnings per Common Share - diluted:
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.32

 
$
0.27

 
$
0.92

 
$
0.66

Income from discontinued operations available for common stockholders

 
0.04

 
4.16

 
0.13

Net income available for common stockholders
$
0.32

 
$
0.31

 
$
5.08

 
$
0.79

__________
(1)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
Highwoods Realty Limited Partnership [Member]  
Earnings Per Share and Per Unit Basic and Diluted [Line Items]  
Earnings Per Unit [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Earnings per Common Unit - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Distributions on Preferred Units
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common unitholders
32,897

 
26,402

 
92,692

 
63,666

Income from discontinued operations available for common unitholders

 
4,265

 
418,593

 
12,850

Net income available for common unitholders
$
32,897

 
$
30,667

 
$
511,285

 
$
76,516

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
101,422

 
97,194

 
100,142

 
96,505

Earnings per Common Unit - basic:
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.32

 
$
0.27

 
$
0.93

 
$
0.66

Income from discontinued operations available for common unitholders

 
0.05

 
4.18

 
0.13

Net income available for common unitholders
$
0.32

 
$
0.32

 
$
5.11

 
$
0.79

Earnings per Common Unit - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,840

 
$
27,352

 
$
95,510

 
$
66,493

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(319
)
 
(324
)
 
(941
)
 
(948
)
Distributions on Preferred Units
(624
)
 
(626
)
 
(1,877
)
 
(1,879
)
Income from continuing operations available for common unitholders
32,897

 
26,402

 
92,692

 
63,666

Income from discontinued operations available for common unitholders

 
4,265

 
418,593

 
12,850

Net income available for common unitholders
$
32,897

 
$
30,667

 
$
511,285

 
$
76,516

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
101,422

 
97,194

 
100,142

 
96,505

Add:
 
 
 
 
 
 
 
Stock options using the treasury method
108

 
58

 
94

 
89

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)
101,530

 
97,252

 
100,236

 
96,594

Earnings per Common Unit - diluted:
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.32

 
$
0.27

 
$
0.92

 
$
0.66

Income from discontinued operations available for common unitholders

 
0.05

 
4.18

 
0.13

Net income available for common unitholders
$
0.32

 
$
0.32

 
$
5.10

 
$
0.79

__________
(1)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
v3.5.0.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information [Table Text Block]
The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments. Our segment information for the three and nine months ended September 30, 2015 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments.

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Rental and Other Revenues:
 
 
 
 
 
 
 
Office:
 
 
 
 
 
 
 
Atlanta, GA
$
33,340

 
$
25,737

 
$
101,188

 
$
76,130

Greensboro, NC
5,167

 
5,288

 
15,351

 
16,126

Memphis, TN
12,330

 
11,790

 
36,275

 
35,574

Nashville, TN
23,979

 
22,614

 
71,760

 
66,200

Orlando, FL
11,678

 
11,397

 
34,360

 
33,179

Pittsburgh, PA
14,386

 
14,831

 
43,721

 
44,099

Raleigh, NC
27,767

 
27,081

 
84,013

 
76,063

Richmond, VA
11,414

 
10,564

 
33,420

 
31,351

Tampa, FL
22,836

 
17,785

 
67,088

 
54,814

Total Office Segment
162,897

 
147,087

 
487,176

 
433,536

Other
3,372

 
3,679

 
10,812

 
11,009

Total Rental and Other Revenues
$
166,269

 
$
150,766

 
$
497,988

 
$
444,545


14.
Segment Information - Continued

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Net Operating Income:
 
 
 
 
 
 
 
Office:
 
 
 
 
 
 
 
Atlanta, GA
$
20,718

 
$
15,970

 
$
63,681

 
$
47,000

Greensboro, NC
3,187

 
3,275

 
9,544

 
10,217

Memphis, TN
7,753

 
7,317

 
22,566

 
22,347

Nashville, TN
17,042

 
15,726

 
51,470

 
46,438

Orlando, FL
6,633

 
6,153

 
19,638

 
18,984

Pittsburgh, PA
8,482

 
8,840

 
25,193

 
25,472

Raleigh, NC
19,525

 
19,018

 
59,935

 
53,647

Richmond, VA
7,602

 
6,909

 
22,718

 
20,721

Tampa, FL
14,349

 
10,615

 
42,037

 
32,855

Total Office Segment
105,291

 
93,823

 
316,782

 
277,681

Other
2,358

 
2,513

 
7,491

 
7,550

Total Net Operating Income
107,649

 
96,336

 
324,273

 
285,231

Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates:
 
 
 
 
 
 
 
Depreciation and amortization
(52,923
)
 
(50,963
)
 
(161,734
)
 
(145,758
)
General and administrative expenses
(9,863
)
 
(8,990
)
 
(29,327
)
 
(28,898
)
Interest expense
(18,566
)
 
(21,357
)
 
(58,756
)
 
(64,446
)
Other income
833

 
379

 
1,884

 
1,261

Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates
$
27,130

 
$
15,405

 
$
76,340

 
$
47,390

v3.5.0.2
Description of Business and Significant Accounting Policies (Details)
$ / shares in Units, $ in Thousands, ft² in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
a
ft²
$ / shares
shares
Sep. 30, 2016
USD ($)
a
ft²
$ / shares
shares
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Description of Business and Significant Accounting Policies [Line Items]        
Rentable square feet of commercial real estate properties (in sq feet) | ft² 31.1 31.1    
Rentable square feet of commercial real estate properties under development (in sq feet) | ft² 1.1 1.1    
Undeveloped land suitable for development (in acres) | a 450 450    
Net proceeds of Common Stock sold during the period   $ 187,214 $ 93,216  
Percentage of equity interest in joint ventures, maximum (in hundredths) 50.00% 50.00%    
Carrying value of investment in unconsolidated affiliate $ 18,697 $ 18,697   $ 20,676
Debt issuance costs reclassified to contra liability account 1,901,066 1,901,066   2,491,813
Debt issuance costs reclassified to prepaid expenses and other assets $ 28,581 $ 28,581   26,649
Reclassified Debt Issuance Costs Member        
Description of Business and Significant Accounting Policies [Line Items]        
Debt issuance costs reclassified to contra liability account       7,800
Debt issuance costs reclassified to prepaid expenses and other assets       $ 2,100
Unconsolidated Affiliate VIE Member        
Description of Business and Significant Accounting Policies [Line Items]        
Percentage of equity interest in joint ventures, maximum (in hundredths) 12.50% 12.50%    
Carrying value of investment in unconsolidated affiliate $ 100 $ 100    
Highwoods Properties, Inc. [Member]        
Description of Business and Significant Accounting Policies [Line Items]        
Common Units of partnership owned by the Company (in shares) | shares 99,800,000 99,800,000    
Percentage of ownership of Common Units (in hundredths) 97.20% 97.20%   97.10%
Common Units redeemed for a like number of common shares of stock (in shares) | shares   60,048    
Highwoods Properties, Inc. [Member] | ATM Equity Offering [Member]        
Description of Business and Significant Accounting Policies [Line Items]        
Number of Common Stock sold during the period (in shares) | shares 1,547,457 3,624,528    
Average price of Common Stock sold during the period (in dollars per share) | $ / shares $ 52.79 $ 49.67    
Net proceeds of Common Stock sold during the period $ 80,500 $ 177,300    
Highwoods Realty Limited Partnership [Member]        
Description of Business and Significant Accounting Policies [Line Items]        
Common Units of partnership not owned by the Company (in shares) | shares 2,800,000 2,800,000    
Carrying value of investment in unconsolidated affiliate $ 18,697 $ 18,697   $ 20,676
Debt issuance costs reclassified to contra liability account 1,901,066 1,901,066   2,491,813
Debt issuance costs reclassified to prepaid expenses and other assets $ 28,581 $ 28,581   $ 26,649
v3.5.0.2
Real Estate Assets (Details)
ft² in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
a
ft²
property
Jun. 30, 2016
USD ($)
a
Mar. 31, 2016
USD ($)
ft²
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
a
ft²
property
Sep. 30, 2015
USD ($)
Acquisitions [Abstract]            
Acquisition of development land (in acres) | a 450       450  
Dispositions [Abstract]            
Gains on disposition of property $ 3,902     $ 7,012 $ 14,160 $ 10,581
Gains on disposition of discontinued operations $ 0     $ 0 $ 414,496 $ 0
Rentable square feet of building (in sq feet) | ft² 31,100       31,100  
Raleigh NC Building Acquisition (09/2016) [Member]            
Acquisitions [Abstract]            
Rentable square feet of acquisition (in sqft) | ft² 243       243  
Acquisition purchase price $ 76,900          
Acquisition-related costs 300          
Fee Simple Title Pittsburgh, PA (09/2016) [Member]            
Acquisitions [Abstract]            
Acquisition purchase price 18,500          
Acquisition-related costs $ 500          
Number of buildings | property 1       1  
Raleigh NC Development Land (09/2016) [Member]            
Acquisitions [Abstract]            
Acquisition purchase price $ 5,800          
Nashville TN Land Acquisition (6/2016) [Member]            
Acquisitions [Abstract]            
Acquisition purchase price   $ 9,100        
Acquisition of development land (in acres) | a   14        
2016 Dispositions [Member]            
Dispositions [Abstract]            
Purchase price of real estate 6,800 $ 14,200 $ 6,400      
Gains on disposition of property 3,900 $ 5,900 2,000      
Deferred gain on sale of property $ 400       $ 400  
Disposition closing credits excluded     500      
Division Exit [Member]            
Dispositions [Abstract]            
Purchase price of real estate     660,000      
Gains on disposition of property     1,300      
Disposition closing credits excluded     4,800      
Gains on disposition of discontinued operations     414,500      
Related Party Office Building Disposition [Member]            
Dispositions [Abstract]            
Purchase price of real estate     4,700      
Gains on disposition of property     1,100      
Disposition closing credits excluded     $ 100      
Rentable square feet of building (in sq feet) | ft²     32      
Buyer occupancy percentage (in hundredths)     79.00%      
v3.5.0.2
Real Estate Assets Real Estate Assets Pro Forma (Details) - Pro Forma 2015 Acquisitions [Member]
$ / shares in Units, ft² in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
ft²
property
$ / shares
Sep. 30, 2015
USD ($)
ft²
property
$ / shares
Business Acquisition [Line Items]    
Number of buildings | property 2 2
Rentable square feet of acquisition (in sqft) | ft² 896 896
Business Combination, Purchase Price Allocation [Abstract]    
Real estate assets $ 275,639 $ 275,639
Acquisition-related intangible assets (in deferred leasing costs) 23,722 23,722
Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities) (9,076) (9,076)
Total allocation $ 290,285 290,285
Pro forma assumption date of acquisition Jan. 01, 2014  
Highwoods Properties, Inc. [Member]    
Business Acquisition, Pro Forma Information [Abstract]    
Pro forma revenues $ 157,618 465,476
Pro forma net income 33,354 80,647
Pro forma net income available for common stockholders $ 31,486 $ 75,524
Pro forma earnings per share - basic | $ / shares $ 0.33 $ 0.80
Pro forma earnings per share - diluted | $ / shares $ 0.33 $ 0.80
v3.5.0.2
Mortgages and Notes Receivable (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Mortgages and notes receivable [Abstract]    
Mortgages and notes receivable, net $ 9,525 $ 2,096
v3.5.0.2
Investments In and Advances To Unconsolidated Affiliates (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
property
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Income Statements:          
Rental and other revenues $ 10,357   $ 12,323 $ 32,339 $ 36,977
Expenses:          
Rental property and other expenses 4,201   5,985 13,489 17,683
Depreciation and amortization 2,459   3,193 7,862 9,418
Interest expense 1,264   1,645 3,983 5,826
Total expenses 7,924   10,823 25,334 32,927
Income before disposition of property 2,433   1,500 7,005 4,050
Gains/(losses) on disposition of property 21,345   0 22,247 18,181
Net income $ 23,778   $ 1,500 $ 29,252 $ 22,231
Percentage of equity interest in joint ventures, maximum (in hundredths) 50.00%     50.00%  
Concourse Center Associates, LLC Joint Venture [Member]          
Expenses:          
Gains/(losses) on disposition of property   $ (100)      
Percentage of equity interest in joint ventures, maximum (in hundredths)   50.00%      
Proceeds received from disposition of property   $ 11,000      
Our share of gains on disposition of property   400      
Repayment of debt   $ 6,600      
Number of buildings sold | property   2      
4600 Madison Associates, LLC Joint Venture [Member]          
Expenses:          
Gains/(losses) on disposition of property $ 21,300 $ 1,000      
Percentage of equity interest in joint ventures, maximum (in hundredths) 12.50%     12.50%  
Proceeds received from disposition of property $ 32,700 3,400      
Our share of gains on disposition of property 1,800 100      
Repayment of debt $ 6,300 $ 3,400   $ 6,300  
v3.5.0.2
Intangible Assets and Below Market Lease Liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Intangible assets and below market lease liabilities, net [Abstract]          
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 355,268   $ 355,268   $ 346,937
Deferred leasing costs, accumulated amortization (136,292)   (136,292)   (115,172)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 218,976   218,976   231,765
Acquisition-related below market lease liabilities, gross 63,712   63,712   63,830
Acquisition-related below market lease liabilities, accumulated amortization (23,675)   (23,675)   (17,927)
Acquisition-related below market lease liabilities, net 40,037   40,037   $ 45,903
Amortization of intangible assets and below market lease liabilities [Abstract]          
Acquired intangible assets (amortized in rental and other revenues) 122   122    
Acquired intangible assets (amortized in depreciation and amortization) 5,008   5,008    
Assumed below market lease liabilities (amortized in rental and other revenues) (428)   (428)    
Deferred Leasing Costs and Acquisition-Related Intangible Assets [Member]          
Intangible assets and below market lease liabilities, net [Abstract]          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 198,911   198,911    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 10,111 $ 10,858 33,177 $ 30,747  
Lease Incentives [Member]          
Intangible assets and below market lease liabilities, net [Abstract]          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 7,480   7,480    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 273 368 1,374 1,131  
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]          
Intangible assets and below market lease liabilities, net [Abstract]          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 10,264   10,264    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 901 1,414 2,904 3,769  
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member]          
Intangible assets and below market lease liabilities, net [Abstract]          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 2,321   2,321    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 140 140 417 416  
Acquisition-Related Below Market Lease Liabilities [Member]          
Intangible assets and below market lease liabilities, net [Abstract]          
Acquisition-related below market lease liabilities, net 40,037   40,037    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of acquisition-related below market lease liabilities $ (1,734) $ (1,727) $ (6,294) $ (5,133)  
v3.5.0.2
Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Scheduled future amortization of intangible assets [Abstract]    
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 218,976 $ 231,765
Scheduled future amortization of below market lease liabilities [Abstract]    
Total scheduled future amortization of acquisition-related below market lease liabilities (40,037) $ (45,903)
Deferred Leasing Costs and Acquisition-Related Intangible Assets [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2016 11,797  
2017 41,426  
2018 34,194  
2019 28,606  
2020 23,983  
Thereafter 58,905  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 198,911  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 6 years 8 months 12 days  
Lease Incentives [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2016 $ 358  
2017 1,399  
2018 1,294  
2019 1,080  
2020 805  
Thereafter 2,544  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 7,480  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 7 years 4 months 24 days  
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2016 $ 917  
2017 2,657  
2018 1,713  
2019 1,322  
2020 1,002  
Thereafter 2,653  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 10,264  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 6 years 2 months 12 days  
Acquired finite-lived intangible assets, average useful life (in years) 9 years 9 months 18 days  
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) [Member]    
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Acquired finite-lived intangible assets, average useful life (in years) 10 years 2 months 12 days  
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2016 $ 137  
2017 553  
2018 553  
2019 553  
2020 525  
Thereafter 0  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 2,321  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 4 years 2 months 12 days  
Acquisition-Related Below Market Lease Liabilities [Member]    
Scheduled future amortization of below market lease liabilities [Abstract]    
October 1 through December 31, 2016 $ (1,737)  
2017 (6,231)  
2018 (6,022)  
2019 (5,549)  
2020 (5,223)  
Thereafter (15,275)  
Total scheduled future amortization of acquisition-related below market lease liabilities $ (40,037)  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived below market lease liabilities, average useful life (in years) 7 years 6 months  
Assumed finite-lived below market lease liabilities, average useful life (in years) 11 years 2 months 12 days  
v3.5.0.2
Mortgages and Notes Payable (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
extensions
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Oct. 17, 2016
USD ($)
Dec. 31, 2015
USD ($)
Debt Instrument [Line Items]              
Mortgages and notes payable, net $ 1,901,066     $ 1,901,066     $ 2,491,813
Unamortized debt issuance costs (6,889)     (6,889)     (7,801)
Repayment of bridge credit facility       528,800 $ 337,900    
Revolving Credit Facility due 2018 [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity on revolving credit facility $ 475,000     475,000      
Maturity date on revolving credit facility Jan. 01, 2018            
Additional borrowing capacity on revolving credit facility $ 75,000     75,000      
Number of additional maturity extensions | extensions 2            
Term of optional extension 6 months            
Interest rate spread (in hundredths) 1.10%            
Annual facility fee (in hundredths) 0.20%            
Amount outstanding on revolving credit facility $ 28,000     28,000      
Outstanding letters of credit on revolving credit facility 200     200      
Unused borrowing capacity on revolving credit facility 446,800     446,800      
7.50% Mortgage Loan due 2016 [Member]              
Debt Instrument [Line Items]              
Principal debt amount   $ 43,600          
Effective interest rate (in hundredths)   7.50%          
Scheduled maturity date   Aug. 06, 2016          
Variable Rate Term Loan Facility due 2022 [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity on revolving credit facility   $ 150,000          
Maturity date on revolving credit facility   Jan. 28, 2022          
Interest rate spread (in hundredths)   1.10%          
Amount outstanding on revolving credit facility 75,000     75,000      
Term of debt (in months)   67 months          
Bridge Term Loan Facility due 2016 [Member]              
Debt Instrument [Line Items]              
Maturity date on revolving credit facility     Mar. 28, 2016        
Repayment of bridge credit facility     $ 350,000        
Secured indebtedness [Member]              
Debt Instrument [Line Items]              
Mortgages and notes payable, net 129,013     129,013     175,281
Aggregate undepreciated book value of secured real estate assets 247,100     247,100      
Unsecured indebtedness [Member]              
Debt Instrument [Line Items]              
Mortgages and notes payable, net $ 1,778,942     $ 1,778,942     $ 2,324,333
Subsequent Event [Member] | Revolving Credit Facility due 2018 [Member]              
Debt Instrument [Line Items]              
Amount outstanding on revolving credit facility           $ 38,000  
Outstanding letters of credit on revolving credit facility           200  
Unused borrowing capacity on revolving credit facility           436,800  
Subsequent Event [Member] | Variable Rate Term Loan Facility due 2022 [Member]              
Debt Instrument [Line Items]              
Amount outstanding on revolving credit facility           $ 75,000  
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility due 2018 [Member]              
Debt Instrument [Line Items]              
Facility interest rate basis LIBOR plus 110 basis points            
London Interbank Offered Rate (LIBOR) [Member] | Variable Rate Term Loan Facility due 2022 [Member]              
Debt Instrument [Line Items]              
Facility interest rate basis   LIBOR plus 110 basis points          
v3.5.0.2
Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Mar. 31, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]            
Amount of borrowings, subject to swaps   $ 150,000        
Underlying treasury rate term (in years)   10 years        
Underlying treasury rate locked by forward-starting swaps (in hundredths)   1.90%        
Expected increase to interest expense $ 2,500     $ 2,500    
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities [Abstract]            
Interest rate swaps 8,701     8,701   $ 3,073
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion) [Abstract]            
Interest rate swaps 1,610   $ (3,021) (7,785) $ (5,666)  
Amount of losses reclassified out of AOCL into contractual interest expense (effective portion) [Abstract]            
Interest rate swaps $ 758   $ 932 $ 2,336 $ 2,781  
v3.5.0.2
Noncontrolling Interests (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 50.00%   50.00%  
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership     $ 126,429  
Adjustment of noncontrolling interests in the Operating Partnership to fair value     13,390 $ (14,649)
Conversions of Common Units to Common Stock     (3,006) (1,206)
Net income attributable to noncontrolling interests in the Operating Partnership $ 926 $ 918 14,876 2,296
Distributions to noncontrolling interests in the Operating Partnership     (3,684) (3,721)
Total noncontrolling interests in the Operating Partnership 148,005   148,005  
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 31,971 29,749 496,409 74,220
Highwoods Properties, Inc. [Member]        
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership     126,429 130,048
Adjustment of noncontrolling interests in the Operating Partnership to fair value     13,390 (14,649)
Conversions of Common Units to Common Stock     (3,006) (1,206)
Net income attributable to noncontrolling interests in the Operating Partnership     14,876 2,296
Distributions to noncontrolling interests in the Operating Partnership     (3,684) (3,721)
Total noncontrolling interests in the Operating Partnership 148,005 112,768 148,005 112,768
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 31,971 29,749 496,409 74,220
Increase in additional paid in capital from conversions of Common Units to Common Stock 1,448 0 3,006 1,206
Change from net income available for common stockholders and transfers from noncontrolling interests $ 33,419 $ 29,749 $ 499,415 $ 75,426
v3.5.0.2
Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets:    
Mortgages and notes receivable, at fair value [1] $ 9,525 $ 2,096
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,426 2,736
Tax increment financing bond (in real estate and other assets, net, held for sale) [2]   11,197
Total Assets 11,951 16,029
Liabilities:    
Mortgages and notes payable, net, at fair value [1] 1,941,317 2,517,589
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 8,701 3,073
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,426 2,736
Financing obligation, at fair value (in liabilities held for sale) [1],[2]   7,402
Total Liabilities 1,952,444 2,530,800
Level 1 [Member]    
Assets:    
Mortgages and notes receivable, at fair value [1] 0 0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,426 2,736
Tax increment financing bond (in real estate and other assets, net, held for sale) [2]   0
Total Assets 2,426 2,736
Liabilities:    
Mortgages and notes payable, net, at fair value [1] 0 0
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,426 2,736
Financing obligation, at fair value (in liabilities held for sale) [1],[2]   0
Total Liabilities 2,426 2,736
Level 2 [Member]    
Assets:    
Mortgages and notes receivable, at fair value [1] 9,525 2,096
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Tax increment financing bond (in real estate and other assets, net, held for sale) [2]   0
Total Assets 9,525 2,096
Liabilities:    
Mortgages and notes payable, net, at fair value [1] 1,941,317 2,517,589
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 8,701 3,073
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Financing obligation, at fair value (in liabilities held for sale) [1],[2]   0
Total Liabilities 1,950,018 2,520,662
Level 3 [Member]    
Assets:    
Mortgages and notes receivable, at fair value [1] 0 0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Tax increment financing bond (in real estate and other assets, net, held for sale) [2]   11,197
Total Assets 0 11,197
Liabilities:    
Mortgages and notes payable, net, at fair value [1] 0 0
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Financing obligation, at fair value (in liabilities held for sale) [1],[2]   7,402
Total Liabilities 0 7,402
Highwoods Properties, Inc. [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 148,005 126,429
Highwoods Properties, Inc. [Member] | Level 1 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 148,005 126,429
Highwoods Properties, Inc. [Member] | Level 2 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 0 0
Highwoods Properties, Inc. [Member] | Level 3 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership $ 0 $ 0
[1] Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2016 and December 31, 2015.
[2] Sold during the first quarter of 2016 in conjunction with the sales of the Plaza assets.
v3.5.0.2
Disclosure About Fair Value of Financial Instruments - Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Unrealized gains/(losses) (in AOCL)     $ 0 $ 187  
Tax Increment Financing Bond [Member]          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning balance $ 0 $ 12,641 11,197 12,447 $ 12,447
Assigned to the buyer of the Plaza assets 0 0 (11,197) 0  
Unrealized gains/(losses) (in AOCL) 0 (7) 0 187  
Ending balance $ 0 $ 12,634 $ 0 $ 12,634 $ 11,197
Discount rate (in hundredths)         6.93%
v3.5.0.2
Share-Based Payments (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense $ 900 $ 900 $ 5,412 $ 5,996
Total unrecognized stock-based compensation costs $ 5,900   $ 5,900  
Weighted average remaining contractual term for recognition of unrecognized stock-based compensation costs (in years)     2 years 4 months 24 days  
Highwoods Properties, Inc. [Member] | Stock Options [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock options granted     244,664  
Weighted average grant date fair value of each stock option granted (in dollars per option)     $ 4.61  
Highwoods Properties, Inc. [Member] | Time-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted     72,698  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 43.59  
Highwoods Properties, Inc. [Member] | Total Return-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted     58,054  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 41.37  
v3.5.0.2
Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) Calculation [Roll Forward]        
Beginning balance     $ (3,811)  
Ending balance $ (9,260) $ (6,610) (9,260) $ (6,610)
Tax Increment Financing Bond [Member]        
Accumulated Other Comprehensive Income (Loss) Calculation [Roll Forward]        
Beginning balance 0 (251) 0 (445)
Unrealized gains/(losses) 0 (7) 0 187
Ending balance 0 (258) 0 (258)
Cash Flow Hedges [Member]        
Accumulated Other Comprehensive Income (Loss) Calculation [Roll Forward]        
Beginning balance (11,628) (4,263) (3,811) (3,467)
Unrealized gains/(losses) 1,610 (3,021) (7,785) (5,666)
Amortization [1] 758 932 2,336 2,781
Ending balance $ (9,260) $ (6,352) $ (9,260) $ (6,352)
[1] Amounts reclassified out of AOCL into contractual interest expense.
v3.5.0.2
Real Estate, Other Assets and Liabilities Held For Sale and Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Assets [Abstract]          
Land $ 0   $ 0   $ 16,681
Buildings and tenant improvements 0   0   322,811
Land held for development 260   260   1,089
Less - accumulated depreciation 0   0   (131,274)
Net real estate assets 260   260   209,307
Accrued straight-line rents receivable, net 0   0   11,730
Deferred leasing costs, net 0   0   6,690
Prepaid expenses and other assets, net 0   0   13,221
Real estate and other assets, net, held for sale 260   260   240,948
Liabilities [Abstract]          
Accounts payable, accrued expenses and other liabilities 0   0   (6,717)
Financing obligation 0   0   (7,402)
Liabilities held for sale 0   0   $ (14,119)
Discontinued Operations [Abstract]          
Rental and other revenues 0 $ 12,970 8,484 $ 37,637  
Operating expenses:          
Rental property and other expenses 0 5,328 3,334 15,235  
Depreciation and amortization 0 3,689 0 10,442  
General and administrative 0 192 1,388 613  
Total operating expenses 0 9,209 4,722 26,290  
Interest expense 0 155 85 491  
Other income 0 659 420 1,994  
Income from discontinued operations 0 4,265 4,097 12,850  
Net gains on disposition of discontinued operations 0 0 414,496 0  
Total income from discontinued operations $ 0 $ 4,265 418,593 12,850  
Net Cash Provided by/(Used in) Discontinued Operations [Abstract]          
Cash flows from operating activities     2,040 21,991  
Cash flows from investing activities     $ 417,097 $ (12,642)  
v3.5.0.2
Earnings Per Share and Per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Earnings per Common Share and Per Unit - basic: [Abstract]        
Income from continuing operations $ 33,840 $ 27,352 $ 95,510 $ 66,493
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations (926) (790) (2,611) (1,907)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations (319) (324) (941) (948)
Dividends on Preferred Stock (624) (626) (1,877) (1,879)
Income from continuing operations available for common stockholders 31,971 25,612 90,081 61,759
Income from discontinued operations 0 4,265 418,593 12,850
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations 0 (128) (12,265) (389)
Income from discontinued operations available for common stockholders 0 4,137 406,328 12,461
Net income available for common stockholders $ 31,971 $ 29,749 $ 496,409 $ 74,220
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 98,973 94,693 97,669 93,996
Earnings per Common Share - basic:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.32 $ 0.27 $ 0.92 $ 0.66
Income from discontinued operations available for common stockholders (in dollars per share) 0.00 0.04 4.16 0.13
Net income available for common stockholders (in dollars per share) $ 0.32 $ 0.31 $ 5.08 $ 0.79
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Income from continuing operations $ 33,840 $ 27,352 $ 95,510 $ 66,493
Net (income) attributable to noncontrolling interests in consolidated affiliates (319) (324) (941) (948)
Dividends on Preferred Stock (624) (626) (1,877) (1,879)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership 32,897 26,402 92,692 63,666
Income from discontinued operations available for common stockholders 0 4,265 418,593 12,850
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 32,897 $ 30,667 $ 511,285 $ 76,516
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 98,973 94,693 97,669 93,996
Stock options using the treasury method (in shares) 108 58 94 89
Noncontrolling interests Common Units (in shares) 2,858 2,910 2,882 2,918
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares) [1] 101,939 97,661 100,645 97,003
Earnings per Common Share - diluted:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.32 $ 0.27 $ 0.92 $ 0.66
Income from discontinued operations available for common stockholders (in dollars per share) 0.00 0.04 4.16 0.13
Net income available for common stockholders (in dollars per share) $ 0.32 $ 0.31 $ 5.08 $ 0.79
Highwoods Realty Limited Partnership [Member]        
Earnings per Common Share and Per Unit - basic: [Abstract]        
Income from continuing operations $ 33,840 $ 27,352 $ 95,510 $ 66,493
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations (319) (324) (941) (948)
Distributions on Preferred Units (624) (626) (1,877) (1,879)
Income from continuing operations available for common unitholders 32,897 26,402 92,692 63,666
Income from discontinued operations available for common unitholders 0 4,265 418,593 12,850
Net income available for common unitholders $ 32,897 $ 30,667 $ 511,285 $ 76,516
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 101,422 97,194 100,142 96,505
Earnings per Common Unit - basic:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.32 $ 0.27 $ 0.93 $ 0.66
Income from discontinued operations available for common unitholders (in dollars per share) 0.00 0.05 4.18 0.13
Net income available for common unitholders (in dollars per share) $ 0.32 $ 0.32 $ 5.11 $ 0.79
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Income from continuing operations $ 33,840 $ 27,352 $ 95,510 $ 66,493
Net (income) attributable to noncontrolling interests in consolidated affiliates (319) (324) (941) (948)
Distributions on Preferred Units (624) (626) (1,877) (1,879)
Income from continuing operations available for common unitholders 32,897 26,402 92,692 63,666
Income from discontinued operations available for common unitholders 0 4,265 418,593 12,850
Net income available for common unitholders $ 32,897 $ 30,667 $ 511,285 $ 76,516
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 101,422 97,194 100,142 96,505
Stock options using the treasury method (in shares) 108 58 94 89
Denominator for diluted earnings per Common Unit - adjusted weighted average units and assumed conversions (in shares) [2] 101,530 97,252 100,236 96,594
Earnings per Common Unit - diluted:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.32 $ 0.27 $ 0.92 $ 0.66
Income from discontinued operations available for common unitholders (in dollars per share) 0.00 0.05 4.18 0.13
Net income available for common unitholders (in dollars per share) $ 0.32 $ 0.32 $ 5.10 $ 0.79
[1] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[2] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
v3.5.0.2
Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues $ 166,269 $ 150,766 $ 497,988 $ 444,545
Total Net Operating Income 107,649 96,336 324,273 285,231
Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates:        
Depreciation and amortization (52,923) (50,963) (161,734) (145,758)
General and administrative expenses (9,863) (8,990) (29,327) (28,898)
Interest expense (18,566) (21,357) (58,756) (64,446)
Other income 833 379 1,884 1,261
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 27,130 15,405 76,340 47,390
Total Office Segment [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 162,897 147,087 487,176 433,536
Total Net Operating Income 105,291 93,823 316,782 277,681
Office Atlanta, GA [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 33,340 25,737 101,188 76,130
Total Net Operating Income 20,718 15,970 63,681 47,000
Office Greensboro, NC [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 5,167 5,288 15,351 16,126
Total Net Operating Income 3,187 3,275 9,544 10,217
Office Memphis, TN [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 12,330 11,790 36,275 35,574
Total Net Operating Income 7,753 7,317 22,566 22,347
Office Nashville, TN [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 23,979 22,614 71,760 66,200
Total Net Operating Income 17,042 15,726 51,470 46,438
Office Orlando, FL [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 11,678 11,397 34,360 33,179
Total Net Operating Income 6,633 6,153 19,638 18,984
Office Pittsburgh, PA [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 14,386 14,831 43,721 44,099
Total Net Operating Income 8,482 8,840 25,193 25,472
Office Raleigh, NC [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 27,767 27,081 84,013 76,063
Total Net Operating Income 19,525 19,018 59,935 53,647
Office Richmond, VA [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 11,414 10,564 33,420 31,351
Total Net Operating Income 7,602 6,909 22,718 20,721
Office Tampa, FL [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 22,836 17,785 67,088 54,814
Total Net Operating Income 14,349 10,615 42,037 32,855
Other [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 3,372 3,679 10,812 11,009
Total Net Operating Income $ 2,358 $ 2,513 $ 7,491 $ 7,550