Cover Page Cover Page - shares	6 Months Ended
Cover Page Cover Page - shares	Jun. 30, 2020	Jul. 21, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity Registrant Name	HIGHWOODS PROPERTIES, INC.
Entity Incorporation, State or Country Code	MD
Entity File Number	001-13100
Entity Tax Identification Number	56-1871668
Entity Address, Address Line One	3100 Smoketree Court
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Raleigh
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27604
City Area Code	919
Local Phone Number	872-4924
Title of 12(b) Security	Common Stock, $.01 par value, of Highwoods Properties, Inc.
Trading Symbol	HIW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		103,896,238
Entity Central Index Key	0000921082
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Highwoods Realty Limited Partnership [Member]
Entity Information [Line Items]
Entity Registrant Name	HIGHWOODS REALTY LIMITED PARTNERSHIP
Entity Incorporation, State or Country Code	NC
Entity File Number	000-21731
Entity Tax Identification Number	56-1869557
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000941713
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real estate assets, at cost:
Land	$ 485,501	$ 515,095
Buildings and tenant improvements	5,010,086	5,128,150
Development in-process	195,166	172,706
Land held for development	131,522	99,163
Total real estate assets	5,822,275	5,915,114
Less-accumulated depreciation	(1,376,817)	(1,388,566)
Net real estate assets	4,445,458	4,526,548
Real estate and other assets, net, held for sale	0	20,790
Cash and cash equivalents	4,752	9,505
Restricted cash	8,955	5,237
Accounts receivable	29,876	23,370
Mortgages and notes receivable	1,440	1,501
Accrued straight-line rents receivable	249,722	234,652
Investments in and advances to unconsolidated affiliates	26,775	26,298
Deferred leasing costs, net of accumulated amortization of $151,170 and $146,125, respectively	221,905	231,347
Prepaid expenses and other assets, net of accumulated depreciation of $20,532 and $20,017, respectively	67,905	58,996
Total Assets	5,056,788	5,138,244
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:
Mortgages and notes payable, net	2,337,662	2,543,710
Accounts payable, accrued expenses and other liabilities	275,551	286,911
Total Liabilities	2,613,213	2,830,621
Commitments and contingencies
Noncontrolling interests in the Operating Partnership	106,103	133,216
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), 28,843 and 28,859 shares issued and outstanding, respectively	28,843	28,859
Common Stock, $.01 par value, 200,000,000 authorized shares; 103,896,936 and 103,756,046 shares issued and outstanding, respectively	1,039	1,038
Additional paid-in capital	2,996,442	2,954,779
Distributions in excess of net income available for common stockholders	(708,903)	(831,808)
Accumulated other comprehensive loss	(1,704)	(471)
Total Stockholders’ Equity	2,315,717	2,152,397
Noncontrolling interests in consolidated affiliates	21,755	22,010
Total Equity/Capital	2,337,472	2,174,407
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	5,056,788	5,138,244
Highwoods Realty Limited Partnership [Member]
Real estate assets, at cost:
Land	485,501	515,095
Buildings and tenant improvements	5,010,086	5,128,150
Development in-process	195,166	172,706
Land held for development	131,522	99,163
Total real estate assets	5,822,275	5,915,114
Less-accumulated depreciation	(1,376,817)	(1,388,566)
Net real estate assets	4,445,458	4,526,548
Real estate and other assets, net, held for sale	0	20,790
Cash and cash equivalents	4,752	9,505
Restricted cash	8,955	5,237
Accounts receivable	29,876	23,370
Mortgages and notes receivable	1,440	1,501
Accrued straight-line rents receivable	249,722	234,652
Investments in and advances to unconsolidated affiliates	26,775	26,298
Deferred leasing costs, net of accumulated amortization of $151,170 and $146,125, respectively	221,905	231,347
Prepaid expenses and other assets, net of accumulated depreciation of $20,532 and $20,017, respectively	67,905	58,996
Total Assets	5,056,788	5,138,244
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:
Mortgages and notes payable, net	2,337,662	2,543,710
Accounts payable, accrued expenses and other liabilities	275,551	286,911
Total Liabilities	2,613,213	2,830,621
Commitments and contingencies
Redeemable Operating Partnership Units:
Common Units, 2,842,295 and 2,723,703 outstanding, respectively	106,103	133,216
Series A Preferred Units (liquidation preference $1,000 per unit), 28,843 and 28,859 units issued and outstanding, respectively	28,843	28,859
Total Redeemable Operating Partnership Units	134,946	162,075
Equity/Capital:
General partner Common Units, 1,063,304 and 1,060,709 outstanding, respectively	22,886	21,240
Limited partner Common Units, 102,424,823 and 102,286,528 outstanding, respectively	2,265,692	2,102,769
Accumulated other comprehensive loss	(1,704)	(471)
Noncontrolling interests in consolidated affiliates	21,755	22,010
Total Equity/Capital	2,308,629	2,145,548
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	$ 5,056,788	$ 5,138,244

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Assets:
Deferred leasing costs, accumulated amortization	$ 151,170	$ 146,125
Prepaid expenses and other assets, accumulated depreciation	$ 20,532	$ 20,017
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)	28,843	28,859
Series A Preferred Stock, shares outstanding (in shares)	28,843	28,859
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)	103,896,936	103,756,046
Common Stock, shares outstanding (in shares)	103,896,936	103,756,046
Highwoods Realty Limited Partnership [Member]
Assets:
Deferred leasing costs, accumulated amortization	$ 151,170	$ 146,125
Prepaid expenses and other assets, accumulated depreciation	$ 20,532	$ 20,017
Redeemable Operating Partnership Units: [Abstract]
Redeemable Common Units outstanding (in shares)	2,842,295	2,723,703
Series A Preferred Units, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Series A Preferred Units, issued (in shares)	28,843	28,859
Series A Preferred Units, outstanding (in shares)	28,843	28,859
Common Units: [Abstract]
General partners' capital account, units outstanding (in shares)	1,063,304	1,060,709
Limited partners' capital account, units outstanding (in shares)	102,434,823	102,286,528

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Rental and other revenues	$ 183,153	$ 184,070	$ 375,953	$ 356,433
Operating expenses:
Rental property and other expenses	55,119	60,558	117,321	121,109
Depreciation and amortization	59,461	59,460	120,611	128,664
Impairments of real estate assets	1,778	531	1,778	531
General and administrative	10,084	9,560	21,014	21,941
Total operating expenses	126,442	130,109	260,724	272,245
Interest expense	19,840	20,356	41,117	39,095
Other income/(loss)	588	321	657	(3,445)
Gains on disposition of property	318	6,703	153,385	6,703
Equity in earnings of unconsolidated affiliates	1,179	765	2,142	1,429
Net income	38,956	41,394	230,296	49,780
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,017)	(1,044)	(5,977)	(1,237)
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289)	(306)	(574)	(622)
Dividends on Preferred Stock	(622)	(622)	(1,244)	(1,244)
Net income available for common stockholders	$ 37,028	$ 39,422	$ 222,501	$ 46,677
Earnings per Common Share – basic:
Net income available for common stockholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.14	$ 0.45
Weighted average Common Shares outstanding - basic (in shares)	103,886	103,693	103,849	103,647
Earnings per Common Share - diluted:
Net income available for common stockholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.14	$ 0.45
Weighted average Common Shares outstanding - diluted (in shares)	106,730	106,445	106,681	106,402
Highwoods Realty Limited Partnership [Member]
Rental and other revenues	$ 183,153	$ 184,070	$ 375,953	$ 356,433
Operating expenses:
Rental property and other expenses	55,119	60,558	117,321	121,109
Depreciation and amortization	59,461	59,460	120,611	128,664
Impairments of real estate assets	1,778	531	1,778	531
General and administrative	10,084	9,560	21,014	21,941
Total operating expenses	126,442	130,109	260,724	272,245
Interest expense	19,840	20,356	41,117	39,095
Other income/(loss)	588	321	657	(3,445)
Gains on disposition of property	318	6,703	153,385	6,703
Equity in earnings of unconsolidated affiliates	1,179	765	2,142	1,429
Net income	38,956	41,394	230,296	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289)	(306)	(574)	(622)
Distributions on Preferred Units	(622)	(622)	(1,244)	(1,244)
Net income available for common unitholders	$ 38,045	$ 40,466	$ 228,478	$ 47,914
Earnings per Common Unit - basic:
Net income available for common unitholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.15	$ 0.45
Weighted average Common Units outstanding - basic (in shares)	106,319	106,017	106,259	105,973
Earnings per Common Unit - diluted:
Net income available for common unitholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.15	$ 0.45
Weighted average Common Units outstanding - diluted (in shares)	106,321	106,036	106,272	105,993

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Comprehensive income:
Net income	$ 38,956	$ 41,394	$ 230,296	$ 49,780
Other comprehensive loss:
Unrealized losses on cash flow hedges	(103)	(646)	(1,236)	(2,550)
Amortization of cash flow hedges	75	(360)	3	(875)
Total other comprehensive loss	(28)	(1,006)	(1,233)	(3,425)
Total comprehensive income	38,928	40,388	229,063	46,355
Less-comprehensive (income) attributable to noncontrolling interests	(1,306)	(1,350)	(6,551)	(1,859)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	37,622	39,038	222,512	44,496
Highwoods Realty Limited Partnership [Member]
Comprehensive income:
Net income	38,956	41,394	230,296	49,780
Other comprehensive loss:
Unrealized losses on cash flow hedges	(103)	(646)	(1,236)	(2,550)
Amortization of cash flow hedges	75	(360)	3	(875)
Total other comprehensive loss	(28)	(1,006)	(1,233)	(3,425)
Total comprehensive income	38,928	40,388	229,063	46,355
Less-comprehensive (income) attributable to noncontrolling interests	(289)	(306)	(574)	(622)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	$ 38,639	$ 40,082	$ 228,489	$ 45,733

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, 2018			103,557,065
Balance at Dec. 31, 2018	$ 2,264,296	$ 2,235,419	$ 1,036	$ 28,877	$ 22,078	$ 2,185,852	$ 2,976,197	$ 9,913	$ 9,913	$ 17,576	$ 17,576	$ (769,303)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Units, net of issuance costs and tax withholdings		(731)			(7)	(724)
Distributions on Common Units		(100,634)			(1,006)	(99,628)
Distributions on Preferred Units		(1,244)			(12)	(1,232)
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares			(23,705)
Issuances of Common Stock, net of issuance costs and tax withholdings	(731)		$ 0				(731)
Conversions of Common Units to Common Stock - Shares			8,000
Conversions of Common Units to Common Stock	353						353
Dividends on Common Stock	(98,425)											(98,425)
Dividends on Preferred Stock	(1,244)											(1,244)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	(8,532)						(8,532)
Distributions to noncontrolling interests in consolidated affiliates	(784)	(784)								(784)	(784)
Contributions from noncontrolling interests in consolidate affiliates	4,987	4,987								4,987	4,987
Issuances of restricted stock - shares			164,190
Issuances of restricted stock	0
Redemptions/repurchases of Preferred Stock	(18)			(18)
Share-based compensation expense, net of forfeitures - shares			(947)
Share-based compensation expense, net of forfeitures	5,512	5,512	$ 1		55	5,457	5,511
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner		(7,207)			(72)	(7,135)
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,237)											(1,237)
Net (income) attributable to noncontrolling interests in consolidated affiliates	0	0			(6)	(616)				622	622	(622)
Comprehensive income:
Net income	49,780	49,780			498	49,282						49,780
Other comprehensive loss	(3,425)	(3,425)						(3,425)	(3,425)
Total comprehensive income	46,355	46,355
Balance (in shares) at Jun. 30, 2019			103,704,603
Balance at Jun. 30, 2019	2,210,532	2,181,673	$ 1,037	28,859	21,528	2,131,256	2,972,798	6,488	6,488	22,401	22,401	(821,051)
Balance (in shares) at Mar. 31, 2019			103,690,619
Balance at Mar. 31, 2019	2,200,268	2,171,409	$ 1,037	28,859	21,463	2,124,868	2,956,517	7,494	7,494	17,584	17,584	(811,223)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Units, net of issuance costs and tax withholdings		397			4	393
Distributions on Common Units		(50,353)			(503)	(49,850)
Distributions on Preferred Units		(622)			(6)	(616)
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares			9,672
Issuances of Common Stock, net of issuance costs and tax withholdings	397		$ 0				397
Conversions of Common Units to Common Stock - Shares			5,000
Conversions of Common Units to Common Stock	222						222
Dividends on Common Stock	(49,250)											(49,250)
Dividends on Preferred Stock	(622)											(622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	14,722						14,722
Distributions to noncontrolling interests in consolidated affiliates	(476)	(476)								(476)	(476)
Contributions from noncontrolling interests in consolidate affiliates	4,987	4,987								4,987	4,987
Share-based compensation expense, net of forfeitures - shares			(688)
Share-based compensation expense, net of forfeitures	940	940	$ 0		9	931	940
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner		15,003			150	14,853
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,044)											(1,044)
Net (income) attributable to noncontrolling interests in consolidated affiliates	0	0			(3)	(303)				306	306	(306)
Comprehensive income:
Net income	41,394	41,394			414	40,980						41,394
Other comprehensive loss	(1,006)	(1,006)						(1,006)	(1,006)
Total comprehensive income	40,388	40,388
Balance (in shares) at Jun. 30, 2019			103,704,603
Balance at Jun. 30, 2019	$ 2,210,532	2,181,673	$ 1,037	28,859	21,528	2,131,256	2,972,798	6,488	6,488	22,401	22,401	(821,051)
Balance (in shares) at Dec. 31, 2019	103,756,046		103,756,046
Balance at Dec. 31, 2019	$ 2,174,407	2,145,548	$ 1,038	28,859	21,240	2,102,769	2,954,779	(471)	(471)	22,010	22,010	(831,808)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Units, net of issuance costs and tax withholdings		7,564			76	7,488
Distributions on Common Units		(101,931)			(1,019)	(100,912)
Distributions on Preferred Units		(1,244)			(12)	(1,232)
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares			(2,248)
Issuances of Common Stock, net of issuance costs and tax withholdings	1,401		$ 0				1,401
Conversions of Common Units to Common Stock	0
Dividends on Common Stock	(99,596)											(99,596)
Dividends on Preferred Stock	(1,244)											(1,244)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	36,525						36,525
Distributions to noncontrolling interests in consolidated affiliates	(829)	(829)								(829)	(829)
Issuances of restricted stock - shares			149,304
Issuances of restricted stock	0
Redemptions/repurchases of Preferred Stock	(16)			(16)
Share-based compensation expense, net of forfeitures - shares			(6,166)
Share-based compensation expense, net of forfeitures	3,738	3,738	$ 1		37	3,701	3,737
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner		26,720			267	26,453
Net (income) attributable to noncontrolling interests in the Operating Partnership	(5,977)											(5,977)
Net (income) attributable to noncontrolling interests in consolidated affiliates	0	0			(6)	(568)				574	574	(574)
Comprehensive income:
Net income	230,296	230,296			2,303	227,993						230,296
Other comprehensive loss	(1,233)	(1,233)						(1,233)	(1,233)
Total comprehensive income	$ 229,063	229,063
Balance (in shares) at Jun. 30, 2020	103,896,936		103,896,936
Balance at Jun. 30, 2020	$ 2,337,472	2,308,629	$ 1,039	28,843	22,886	2,265,692	2,996,442	(1,704)	(1,704)	21,755	21,755	(708,903)
Balance (in shares) at Mar. 31, 2020			103,885,918
Balance at Mar. 31, 2020	2,354,860	2,326,004	$ 1,039	28,856	23,055	2,282,528	3,000,614	(1,676)	(1,676)	22,097	22,097	(696,070)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Units, net of issuance costs and tax withholdings		362			4	358
Distributions on Common Units		(51,028)			(510)	(50,518)
Distributions on Preferred Units		(622)			(6)	(616)
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares			11,018
Issuances of Common Stock, net of issuance costs and tax withholdings	362		$ 0				362
Dividends on Common Stock	(49,861)											(49,861)
Dividends on Preferred Stock	(622)											(622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	(5,776)						(5,776)
Distributions to noncontrolling interests in consolidated affiliates	(631)	(631)								(631)	(631)
Redemptions/repurchases of Preferred Stock	(13)			(13)
Share-based compensation expense, net of forfeitures - shares			0
Share-based compensation expense, net of forfeitures	1,242	1,242	$ 0		12	1,230	1,242
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner		(5,626)			(56)	(5,570)
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,017)											(1,017)
Net (income) attributable to noncontrolling interests in consolidated affiliates	0	0			(3)	(286)				289	289	(289)
Comprehensive income:
Net income	38,956	38,956			390	38,566						38,956
Other comprehensive loss	(28)	(28)						(28)	(28)
Total comprehensive income	$ 38,928	38,928
Balance (in shares) at Jun. 30, 2020	103,896,936		103,896,936
Balance at Jun. 30, 2020	$ 2,337,472	$ 2,308,629	$ 1,039	$ 28,843	$ 22,886	$ 2,265,692	$ 2,996,442	$ (1,704)	$ (1,704)	$ 21,755	$ 21,755	$ (708,903)

Consolidated Statements of Equity/Capital (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Highwoods Properties, Inc. [Member]
Dividends on Common Stock (per share)	$ 0.48	$ 0.475	$ 0.96	$ 0.95
Highwoods Properties, Inc. [Member] \| Series A Cumulative Redeemable Preferred Shares [Member]
Dividends on Preferred Stock (per share)/Distributions on Preferred Units (per unit)	21.5625	21.5625	43.125	43.125
Highwoods Realty Limited Partnership [Member]
Distributions on Common Units (per unit)	0.48	0.475	0.96	0.95
Highwoods Realty Limited Partnership [Member] \| Series A Cumulative Redeemable Preferred Shares [Member]
Dividends on Preferred Stock (per share)/Distributions on Preferred Units (per unit)	$ 21.5625	$ 21.5625	$ 43.125	$ 43.125

Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Operating activities:

Net income

$ 230,296

$ 49,780

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

120,611

128,664

Amortization of lease incentives and acquisition-related intangible assets and liabilities

(1,278)

868

Share-based compensation expense

3,738

5,512

Credit losses on operating lease receivables

2,333

8,144

Write-off of mortgages and notes receivable

0

4,087

Accrued interest on mortgages and notes receivable

(61)

(118)

Amortization of debt issuance costs

1,533

1,455

Amortization of cash flow hedges

3

(875)

Amortization of mortgages and notes payable fair value adjustments

852

787

Impairments of real estate assets

1,778

531

Losses on debt extinguishment

0

375

Net gains on disposition of property

(153,385)

(6,703)

Equity in earnings of unconsolidated affiliates

(2,142)

(1,429)

Distributions of earnings from unconsolidated affiliates

407

669

Settlement of cash flow hedges

0

(5,144)

Changes in operating assets and liabilities:

Accounts receivable

(1,031)

(5,507)

Prepaid expenses and other assets

(8,320)

(3,305)

Accrued straight-line rents receivable

(21,522)

(14,273)

Accounts payable, accrued expenses and other liabilities

6,403

9,771

Net cash provided by operating activities

180,215

173,289

Investing activities:

Investments in acquired real estate and related intangible assets, net of cash acquired

(2,363)

(12,795)

Investments in development in-process

(83,071)

(50,884)

Investments in tenant improvements and deferred leasing costs

(85,544)

(78,449)

Investments in building improvements

(30,312)

(24,113)

Net proceeds from disposition of real estate assets

334,366

31,510

Distributions of capital from unconsolidated affiliates

72

29

Investments in mortgages and notes receivable

(32)

0

Repayments of mortgages and notes receivable

154

147

Changes in other investing activities

(3,541)

(4,272)

Net cash provided by/(used in) investing activities

129,729

(138,827)

Financing activities:

Dividends on Common Stock

(99,596)

(98,425)

Redemptions/repurchases of Preferred Stock

(16)

(18)

Dividends on Preferred Stock

(1,244)

Distributions to noncontrolling interests in the Operating Partnership

(2,728)

(2,598)

Distributions to noncontrolling interests in consolidated affiliates

(829)

(784)

Proceeds from the issuance of Common Stock

2,753

1,049

Costs paid for the issuance of Common Stock

(228)

0

Repurchase of shares related to tax withholdings

(1,124)

(1,780)

Borrowings on revolving credit facility

129,000

169,400

Repayments of revolving credit facility

(336,000)

(215,400)

Borrowings on mortgages and notes payable

0

349,010

Repayments of mortgages and notes payable

(967)

(225,929)

Changes in debt issuance costs and other financing activities

0

(4,379)

Net cash used in financing activities

(310,979)

(31,098)

Net increase/(decrease) in cash and cash equivalents and restricted cash

(1,035)

3,364

Cash and cash equivalents and restricted cash at beginning of the period

14,742

10,143

Cash and cash equivalents and restricted cash at end of the period

13,707

13,507

Reconciliation of cash and cash equivalents and restricted cash:

Cash and cash equivalents at end of the period

4,752

4,530

Restricted cash at end of the period

8,955

8,977

Supplemental disclosure of cash flow information:

Cash paid for interest, net of amounts capitalized

38,424

33,378

Supplemental disclosure of non-cash investing and financing activities:

Unrealized losses on cash flow hedges

(1,236)

(2,550)

Conversions of Common Units to Common Stock

0

353

Changes in accrued capital expenditures (1)

^[1]

(18,819)

2,027

Write-off of fully depreciated real estate assets

22,630

36,188

Write-off of fully amortized leasing costs

10,564

19,900

Write-off of fully amortized debt issuance costs

0

828

Adjustment of noncontrolling interests in the Operating Partnership to fair value

(36,525)

8,532

Contributions from noncontrolling interests in consolidated affiliates

0

4,987

Issuances of Common Units to acquire real estate assets

6,163

0

Contingent consideration in connection with the acquisition of land

1,500

0

Initial recognition of lease liabilities related to right of use assets

0

35,349

Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities

49,100

64,300

Highwoods Realty Limited Partnership [Member]

Operating activities:

Net income

230,296

49,780

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

120,611

128,664

Amortization of lease incentives and acquisition-related intangible assets and liabilities

(1,278)

868

Share-based compensation expense

3,738

5,512

Credit losses on operating lease receivables

2,333

8,144

Write-off of mortgages and notes receivable

0

4,087

Accrued interest on mortgages and notes receivable

(61)

(118)

Amortization of debt issuance costs

1,533

1,455

Amortization of cash flow hedges

3

(875)

Amortization of mortgages and notes payable fair value adjustments

852

787

Impairments of real estate assets

1,778

531

Losses on debt extinguishment

0

375

Net gains on disposition of property

(153,385)

(6,703)

Equity in earnings of unconsolidated affiliates

(2,142)

(1,429)

Distributions of earnings from unconsolidated affiliates

407

669

Settlement of cash flow hedges

0

(5,144)

Changes in operating assets and liabilities:

Accounts receivable

(1,031)

(5,507)

Prepaid expenses and other assets

(8,320)

(3,305)

Accrued straight-line rents receivable

(21,522)

(14,273)

Accounts payable, accrued expenses and other liabilities

6,403

9,771

Net cash provided by operating activities

180,215

173,289

Investing activities:

Investments in acquired real estate and related intangible assets, net of cash acquired

(2,363)

(12,795)

Investments in development in-process

(83,071)

(50,884)

Investments in tenant improvements and deferred leasing costs

(85,544)

(78,449)

Investments in building improvements

(30,312)

(24,113)

Net proceeds from disposition of real estate assets

334,366

31,510

Distributions of capital from unconsolidated affiliates

72

29

Investments in mortgages and notes receivable

(32)

0

Repayments of mortgages and notes receivable

154

147

Changes in other investing activities

(3,541)

(4,272)

Net cash provided by/(used in) investing activities

129,729

(138,827)

Financing activities:

Distributions on Common Units

(101,931)

(100,634)

Redemptions/repurchases of Preferred Units

(16)

(18)

Distributions on Preferred Units

(1,244)

Distributions to noncontrolling interests in consolidated affiliates

(829)

(784)

Proceeds from the issuance of Common Units

2,753

1,049

Costs paid for the issuance of Common Units

(228)

0

Repurchase of units related to tax withholdings

(1,124)

(1,780)

Borrowings on revolving credit facility

129,000

169,400

Repayments of revolving credit facility

(336,000)

(215,400)

Borrowings on mortgages and notes payable

0

349,010

Repayments of mortgages and notes payable

(967)

(225,929)

Changes in debt issuance costs and other financing activities

(393)

(4,768)

Net cash used in financing activities

(310,979)

(31,098)

Net increase/(decrease) in cash and cash equivalents and restricted cash

(1,035)

3,364

Cash and cash equivalents and restricted cash at beginning of the period

14,742

10,143

Cash and cash equivalents and restricted cash at end of the period

13,707

13,507

Reconciliation of cash and cash equivalents and restricted cash:

Cash and cash equivalents at end of the period

4,752

4,530

Restricted cash at end of the period

8,955

8,977

Supplemental disclosure of cash flow information:

Cash paid for interest, net of amounts capitalized

38,424

33,378

Supplemental disclosure of non-cash investing and financing activities:

Unrealized losses on cash flow hedges

(1,236)

(2,550)

Changes in accrued capital expenditures (1)

^[1]

(18,819)

2,027

Write-off of fully depreciated real estate assets

22,630

36,188

Write-off of fully amortized leasing costs

10,564

19,900

Write-off of fully amortized debt issuance costs

0

828

Adjustment of Redeemable Common Units to fair value

(33,276)

6,818

Contributions from noncontrolling interests in consolidated affiliates

0

4,987

Issuances of Common Units to acquire real estate assets

6,163

0

Contingent consideration in connection with the acquisition of land

1,500

0

Initial recognition of lease liabilities related to right of use assets

0

35,349

Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities

$ 49,100

$ 64,300

[1]	(1) Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities at June 30, 2020 and 2019 were $49.1 million and $64.3 million, respectively.

Description of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020, we owned or had an interest in 28.1 million rentable square feet of in-service properties, 1.2 million rentable square feet of office properties under development and approximately 225 acres of development land. The Company is the sole general partner of the Operating Partnership. At June 30, 2020, the Company owned all of the Preferred Units and 103.5 million, or 97.3%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.8 million Common Units. During the six months ended June 30, 2020, the Company issued 118,592 Common Units to acquire real estate assets. Basis of Presentation Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). 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. We consolidate joint venture investments, such as interests in partnerships and limited liability companies, when we control the major operating and financial policies of the investment through majority ownership, in our capacity as a general partner or managing member or through some other contractual right. We also consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At June 30, 2020, we have involvement with, and are the primary beneficiary in, an entity that we concluded to be a variable interest entity (see Note 3). 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 2019 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. Insurance We are primarily self-insured for health care claims for participating employees. We have stop-loss coverage to limit our exposure to significant claims on a per claim and annual aggregate basis. We determine our liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities. At June 30, 2020, a reserve of $0.5 million was recorded to cover estimated reported and unreported claims. Recently Issued Accounting Standards The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that changes certain disclosure requirements for fair value measurements. We adopted the ASU as of January 1, 2020 with no material effect on our Notes to Consolidated Financial Statements. The FASB issued an ASU that provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The ASU can be applied from March 12, 2020 through December 31, 2022. We are in the process of evaluating this ASU; however, we currently expect to avail ourselves of such optional expedients and exceptions should our modified contracts meet the required criteria. Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, lessors may provide rent deferrals and other lease concessions to lessees. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, we would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows us, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. We have elected the practical expedient and will not apply lease modification accounting on a lease by lease basis where applicable. As a result, $5.0 million of deferred rent is included in accounts receivable on our Consolidated Balance Sheets at June 30, 2020.

Leases	6 Months Ended
Leases	Jun. 30, 2020
Leases [Abstract]
Leases	Leases We generally lease our office properties to lessees in exchange for fixed monthly payments that cover rent, property taxes, insurance and certain cost recoveries, primarily common area maintenance. Office properties owned by us that are under lease are primarily located in Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa and are leased to a wide variety of lessees across many industries. Our leases are operating leases and mostly range from three to 10 years. We recognized rental and other revenues related to operating lease payments of $181.1 million and $180.7 million during the three months ended June 30, 2020 and 2019, respectively, and $370.7 million and $350.1 million during the six months ended June 30, 2020 and 2019, respectively. Included in these amounts are variable lease payments of $13.4 million and $16.4 million during the three months ended June 30, 2020 and 2019, respectively, and $29.8 million and $31.9 million during the six months ended June 30, 2020 and 2019, respectively.

Consolidated Variable Interest Entity

6 Months Ended

Jun. 30, 2020

Variable Interest Entities [Abstract]

Consolidated Variable Interest Entity

We and The Bromley Companies formed a joint venture (the “Midtown One joint venture”) to construct Midtown One, a 150,000 square foot, multi-customer office building located in the mixed-use Midtown Tampa project in Tampa’s Westshore submarket. Midtown One has an anticipated total investment of $71.3 million. Construction of Midtown One began in the third quarter of 2019 with a scheduled completion date in the second quarter of 2021. At closing, we agreed to contribute cash of $20.0 million, which has been fully funded, in exchange for an 80.0% interest in the Midtown One joint venture and The Bromley Companies contributed land valued at $5.0 million in exchange for the remaining 20.0% interest. We also committed to provide a $46.3 million interest-only secured construction loan to the Midtown One joint venture that is scheduled to mature on the second anniversary of completion. The loan bears interest at LIBOR plus 250 basis points. As of June 30, 2020, $6.7 million under the loan has been funded.

We determined that we have a variable interest in the Midtown One joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us as both a debt and an equity holder and The Bromley Companies as an equity holder. The Midtown One joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investment provided by us and The Bromley Companies is not sufficient to finance its planned investments and operations. We, as majority owner and managing member and through our control rights as set forth in the joint venture’s governance documents, were determined to be the primary beneficiary as we have both the power to direct the activities that most significantly affect the entity (primarily lease rates, property operations and capital expenditures) and significant economic exposure through our equity investment and loan commitment. As such, the Midtown One joint venture is consolidated and all intercompany transactions and accounts are eliminated. The following table sets forth the assets and liabilities of the Midtown One joint venture included on our Consolidated Balance Sheets:



	June 30, 2020
Development in-process	$	34,462
Accounts payable, accrued expenses and other liabilities	$	2,377

The assets of the Midtown One joint venture can be used only to settle obligations of the joint venture and its creditors have no recourse to our wholly owned assets.

Real Estate Assets	6 Months Ended
Real Estate Assets	Jun. 30, 2020
Real Estate [Abstract]
Real Estate Assets	Real Estate Assets Acquisitions During the second quarter of 2020, we acquired development land in Raleigh for a purchase price, including capitalized acquisition costs, of $2.3 million. During the first quarter of 2020, we acquired development land in Nashville for a purchase price of $6.2 million, which consisted of the issuance of 118,592 Common Units and capitalized acquisition costs. Dispositions During the second quarter of 2020, we sold land in Atlanta for a sale price of $2.8 million and recorded a loss on disposition of property of $0.1 million. During the second quarter of 2020, we also recognized $0.4 million of gain related to the satisfaction of a performance obligation as part of a 2016 land sale. During the first quarter of 2020, we sold 41 buildings and land in Greensboro and Memphis for an aggregate sale price of $338.4 million (before closing credits to buyer of $3.8 million) and recorded aggregate gains on disposition of property of $153.1 million. Impairments During the second quarter of 2020, we recorded an impairment of real estate assets of $1.8 million, which resulted from a change in market-based inputs and our assumptions about the use of the assets.

Intangible Assets and Below Market Lease Liabilities

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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:



	June 30, 2020			December 31, 2019
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	373,075		$	377,472
Less accumulated amortization	(151,170		)	(146,125		)
	$	221,905		$	231,347
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	65,039		$	65,971
Less accumulated amortization	(36,164		)	(34,014		)
	$	28,875		$	31,957

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	8,566		$	8,759		$	17,364		$	19,074
Amortization of lease incentives (in rental and other revenues)	$	429		$	460		$	919		$	3,308
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	321		$	343		$	609		$	700
Amortization of acquisition-related intangible assets (in rental property and other expenses)	$	138		$	139		$	277		$	276
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,517	)	$	(1,763	)	$	(3,083	)	$	(3,416	)

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)
July 1 through December 31, 2020	$	18,951	$	831	$	529	$	233	$	(2,874	)
2021	33,989		1,415		767		—		(5,013		)
2022	29,787		1,204		601		—		(3,982		)
2023	26,329		1,121		447		—		(3,607		)
2024	23,306		975		373		—		(2,939		)
Thereafter	74,561		4,325		2,161		—		(10,460		)
	$	206,923	$	9,871	$	4,878	$	233	$	(28,875	)
Weighted average remaining amortization periods as of June 30, 2020 (in years)	8.4		9.1		9.5		0.5		8.7

Mortgages and Notes Payable

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Mortgages and Notes Payable

The following table sets forth our mortgages and notes payable:



	June 30, 2020			December 31, 2019
Secured indebtedness	$	94,336		$	95,303
Unsecured indebtedness	2,255,277			2,461,425
Less-unamortized debt issuance costs	(11,951		)	(13,018		)
Total mortgages and notes payable, net	$	2,337,662		$	2,543,710

At June 30, 2020, our secured mortgage loan was collateralized by real estate assets with an undepreciated book value of $147.4 million.

Our $600.0 million unsecured revolving credit facility is scheduled to mature in January 2022 and includes an accordion feature that allows for an additional $400.0 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 100 basis points and the annual facility fee is 20 basis points. There was $14.0 million outstanding under our revolving credit facility at June 30, 2020. There were no amounts outstanding under our revolving credit facility at July 21, 2020. At both June 30, 2020 and July 21, 2020, we had $0.1 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 June 30, 2020 and July 21, 2020 was $585.9 million and $599.9 million, respectively.

We are currently in compliance with financial covenants with respect to our consolidated debt.

We have considered our short-term liquidity needs within one year from July 28, 2020 (the date of issuance of the quarterly financial statements) and the adequacy of our estimated cash flows from operating activities and other available financing sources to meet these needs. In particular, we have considered our scheduled debt maturities during such one-year period, including the $300.0 million principal amount of unsecured notes due June 15, 2021. We have concluded it is probable we will meet these short-term liquidity requirements through a combination of the following:


•	available cash and cash equivalents;


•	cash flows from operating activities;


•	issuance of debt securities by the Operating Partnership;


•	issuance of secured debt;


•	bank term loans;


•	borrowings under our revolving credit facility;


•	issuance of equity securities by the Company or the Operating Partnership; and

•

the disposition of non-core assets.

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

The counterparties under our swaps are major financial institutions. The swap agreements contain a provision whereby if we default on certain of our indebtedness and which default results in repayment of such indebtedness being, or becoming capable of being, accelerated by the lender, then we could also be declared in default on our swaps.

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. We have no collateral requirements related to our interest rate swaps.

Amounts reported in accumulated other comprehensive income/(loss) related to derivatives will be reclassified to interest expense as interest payments are made on our debt. During the period from July 1, 2020 through June 30, 2021, we estimate that $0.5 million will be reclassified as a net increase to interest expense.

The following table sets forth the fair value of our derivatives:



	June 30, 2020		December 31, 2019
Derivatives:
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
Interest rate swaps	$	1,237	$	154

The following table sets forth the effect of our cash flow hedges on accumulated other comprehensive income/(loss) and interest expense:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Derivatives Designated as Cash Flow Hedges:
Amount of unrealized losses recognized in accumulated other comprehensive income/(loss) on derivatives:
Interest rate swaps	$	(103	)	$	(646	)	$	(1,236	)	$	(2,550	)
Amount of (gains)/losses reclassified out of accumulated other comprehensive income/(loss) into interest expense:
Interest rate swaps	$	75		$	(360	)	$	3		$	(875	)

Noncontrolling Interests

6 Months Ended

Jun. 30, 2020

Noncontrolling Interest [Abstract]

Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates

At June 30, 2020, our noncontrolling interests in consolidated affiliates relate to our joint venture partners’ 50.0% interest in office properties in Richmond and 20.0% interest in an office development property in Tampa. Our joint venture partners are unrelated third parties.

Noncontrolling Interests in the Operating Partnership

The following table sets forth the Company’s noncontrolling interests in the Operating Partnership:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Beginning noncontrolling interests in the Operating Partnership	$	100,674		$	127,976		$	133,216		$	105,960
Adjustment of noncontrolling interests in the Operating Partnership to fair value	5,776			(14,722		)	(36,525		)	8,532
Issuances of Common Units	—			—			6,163			—
Conversions of Common Units to Common Stock	—			(222		)	—			(353		)
Net income attributable to noncontrolling interests in the Operating Partnership	1,017			1,044			5,977			1,237
Distributions to noncontrolling interests in the Operating Partnership	(1,364		)	(1,298		)	(2,728		)	(2,598		)
Total noncontrolling interests in the Operating Partnership	$	106,103		$	112,778		$	106,103		$	112,778

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 June 30,				Six Months Ended June 30,
	2020		2019		2020			2019
Net income available for common stockholders	$	37,028	$	39,422	$	222,501		$	46,677
Increase in additional paid in capital from conversions of Common Units to Common Stock	—		222		—			353
Issuances of Common Units	—		—		(6,163		)	—
Change from net income available for common stockholders and transfers from noncontrolling interests	$	37,028	$	39,644	$	216,338		$	47,030

Disclosure About Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Disclosure About Fair Value of Financial Instruments

The following summarizes the 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 assets include 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 assets include any real estate assets recorded at fair value on a non-recurring basis as a result of our quarterly impairment analysis, which are valued using unobservable local and national industry market data such as comparable sales, appraisals, brokers’ opinions of value and/or the terms of definitive sales contracts. Significant increases or decreases in any valuation inputs in isolation would result in a significantly lower or higher fair value measurement.

The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed 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 June 30, 2020:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,440	$	—	$	1,440	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,111		2,111		—		—
Impaired real estate assets	2,053		—		—		2,053
Total Assets	$	5,604	$	2,111	$	1,440	$	2,053
Noncontrolling Interests in the Operating Partnership	$	106,103	$	106,103	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,421,024	$	—	$	2,421,024	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	1,237		—		1,237		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,111		2,111		—		—
Total Liabilities	$	2,424,372	$	2,111	$	2,422,261	$	—



Fair Value at December 31, 2019:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,501	$	—	$	1,501	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,345		2,345		—		—
Total Assets	$	3,846	$	2,345	$	1,501	$	—
Noncontrolling Interests in the Operating Partnership	$	133,216	$	133,216	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,615,776	$	—	$	2,615,776	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	154		—		154		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,345		2,345		—		—
Total Liabilities	$	2,618,275	$	2,345	$	2,615,930	$	—

__________

(1) Amounts are not recorded at fair value on our Consolidated Balance Sheets at June 30, 2020 and December 31, 2019.

The Level 3 impaired real estate assets measured at a fair value of $2.1 million in the second quarter of 2020 include a non-core office building. The impairment resulted from a change in our assumptions about the use of the assets and was calculated using brokers’ opinions of value, letters of intent and comparable sales as observable inputs were not available.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Share-Based Payments	6 Months Ended
Share-Based Payments	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Payments	Share-Based Payments During the six months ended June 30, 2020, the Company granted 83,116 shares of time-based restricted stock and 66,188 shares of total return-based restricted stock with weighted average grant date fair values per share of $44.88 and $38.31, respectively. We recorded share-based compensation expense of $1.2 million and $0.9 million during the three months ended June 30, 2020 and 2019, respectively, and $3.7 million and $5.5 million during the six months ended June 30, 2020 and 2019, respectively. At June 30, 2020, there was $7.7 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.2 years.

Accumulated Other Comprehensive Income/(Loss)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income/(Loss)

The following table sets forth the components of accumulated other comprehensive income/(loss):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Cash flow hedges:
Beginning balance	$	(1,676	)	$	7,494		$	(471	)	$	9,913
Unrealized losses on cash flow hedges	(103		)	(646		)	(1,236		)	(2,550		)
Amortization of cash flow hedges (1)	75			(360		)	3			(875		)
Total accumulated other comprehensive income/(loss)	$	(1,704	)	$	6,488		$	(1,704	)	$	6,488

__________

(1) Amounts reclassified out of accumulated other comprehensive income/(loss) into interest expense.

Real Estate and Other Assets Held For Sale

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Real Estate and Other Assets Held For Sale

The following table sets forth the assets held for sale at June 30, 2020 and December 31, 2019, which are considered non-core:



	June 30, 2020		December 31, 2019
Assets:
Land	$	—	$	4,815
Buildings and tenant improvements	—		29,581
Less-accumulated depreciation	—		(16,775		)
Net real estate assets	—		17,621
Accrued straight-line rents receivable	—		2,073
Deferred leasing costs, net	—		1,096
Real estate and other assets, net, held for sale	$	—	$	20,790

Earnings Per Share and Per Unit

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

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 June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Earnings per Common Share - basic:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,017		)	(1,044		)	(5,977		)	(1,237		)
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Dividends on Preferred Stock	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common stockholders	$	37,028		$	39,422		$	222,501		$	46,677
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)	103,886			103,693			103,849			103,647
Net income available for common stockholders	$	0.36		$	0.38		$	2.14		$	0.45
Earnings per Common Share - diluted:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Dividends on Preferred Stock	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	38,045		$	40,466		$	228,478		$	47,914
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)	103,886			103,693			103,849			103,647
Add:
Stock options using the treasury method	2			19			13			20
Noncontrolling interests Common Units	2,842			2,733			2,819			2,735
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions	106,730			106,445			106,681			106,402
Net income available for common stockholders	$	0.36		$	0.38		$	2.14		$	0.45

__________


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

The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Earnings per Common Unit - basic:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Distributions on Preferred Units	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common unitholders	$	38,045		$	40,466		$	228,478		$	47,914
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)	106,319			106,017			106,259			105,973
Net income available for common unitholders	$	0.36		$	0.38		$	2.15		$	0.45
Earnings per Common Unit - diluted:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Distributions on Preferred Units	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common unitholders	$	38,045		$	40,466		$	228,478		$	47,914
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)	106,319			106,017			106,259			105,973
Add:
Stock options using the treasury method	2			19			13			20
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions	106,321			106,036			106,272			105,993
Net income available for common unitholders	$	0.36		$	0.38		$	2.15		$	0.45

__________

(1)

Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

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 and 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 six months ended June 30, 2019 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments as a result of recent dispositions.



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Rental and Other Revenues:
Office:
Atlanta	$	36,537	$	37,692	$	74,496	$	73,995
Charlotte	9,010		—		17,943		—
Nashville	34,622		33,109		69,119		64,508
Orlando	12,304		12,995		25,326		26,927
Pittsburgh	14,676		14,994		29,624		30,309
Raleigh	31,202		30,673		63,755		59,770
Richmond	11,834		12,341		24,094		24,627
Tampa	25,358		23,497		50,602		39,068
Total Office Segment	175,543		165,301		354,959		319,204
Other	7,610		18,769		20,994		37,229
Total Rental and Other Revenues	$	183,153	$	184,070	$	375,953	$	356,433



Net Operating Income:
Office:
Atlanta	$	23,901		$	24,819		$	49,084		$	48,242
Charlotte	7,123			—			14,325			—
Nashville	25,132			24,208			49,885			46,526
Orlando	7,750			8,007			15,755			16,563
Pittsburgh	9,350			8,895			18,020			18,029
Raleigh	23,997			22,438			47,633			43,297
Richmond	8,508			8,610			17,199			17,162
Tampa	17,663			14,291			34,196			21,376
Total Office Segment	123,424			111,268			246,097			211,195
Other	4,610			12,244			12,535			24,129
Total Net Operating Income	128,034			123,512			258,632			235,324
Reconciliation to net income:
Depreciation and amortization	(59,461		)	(59,460		)	(120,611		)	(128,664		)
Impairments of real estate assets	(1,778		)	(531		)	(1,778		)	(531		)
General and administrative expenses	(10,084		)	(9,560		)	(21,014		)	(21,941		)
Interest expense	(19,840		)	(20,356		)	(41,117		)	(39,095		)
Other income/(loss)	588			321			657			(3,445		)
Gains on disposition of property	318			6,703			153,385			6,703
Equity in earnings of unconsolidated affiliates	1,179			765			2,142			1,429
Net income	$	38,956		$	41,394		$	230,296		$	49,780

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2020
Loss Contingency [Abstract]
Contingencies	Contingencies Since early March 2020, efforts to slow the spread of the COVID-19 virus have had a significant impact on the U.S. economy. We continue to follow the policies described in Notes 1 and 2 to our Consolidated Financial Statements contained in our 2019 Annual Report on Form 10-K, including those related to impairments of real estate assets and investments in unconsolidated affiliates, leases and estimates of credit losses on operating lease receivables. While the results of our current analyses did not result in any material adjustments to amounts as of June 30, 2020 and during the three and six months ended June 30, 2020, circumstances related to the COVID-19 pandemic may result in recording impairments, lease modifications and credit losses in future periods.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 1, 2020, we sold two buildings in Memphis for an aggregate sale price of $23.3 million and expect to record aggregate gains on disposition of property of $9.3 million. On July 28, 2020, the Company declared a cash dividend of $0.48 per share of Common Stock, which is payable on September 9, 2020 to stockholders of record as of August 17, 2020. See also Note 15 for information regarding the potential impact of the COVID-19 pandemic in future periods. The severity and duration of the COVID-19 pandemic and the resulting economic recession and the future demand for office space over the long-term are difficult to predict and could materially and adversely impact or disrupt our financial condition, results of operations, cash flows and performance.

Description of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). 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. We consolidate joint venture investments, such as interests in partnerships and limited liability companies, when we control the major operating and financial policies of the investment through majority ownership, in our capacity as a general partner or managing member or through some other contractual right. We also consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At June 30, 2020, we have involvement with, and are the primary beneficiary in, an entity that we concluded to be a variable interest entity (see Note 3). 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 2019 Annual Report on Form 10-K.
Use of Estimates	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.
Insurance	Insurance We are primarily self-insured for health care claims for participating employees. We have stop-loss coverage to limit our exposure to significant claims on a per claim and annual aggregate basis. We determine our liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities.
Recently Issued Accounting Standards	Recently Issued Accounting Standards The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that changes certain disclosure requirements for fair value measurements. We adopted the ASU as of January 1, 2020 with no material effect on our Notes to Consolidated Financial Statements. The FASB issued an ASU that provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The ASU can be applied from March 12, 2020 through December 31, 2022. We are in the process of evaluating this ASU; however, we currently expect to avail ourselves of such optional expedients and exceptions should our modified contracts meet the required criteria. Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, lessors may provide rent deferrals and other lease concessions to lessees. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, we would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows us, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. We have elected the practical expedient and will not apply lease modification accounting on a lease by lease basis where applicable. As a result, $5.0 million of deferred rent is included in accounts receivable on our Consolidated Balance Sheets at June 30, 2020.

Consolidated Variable Interest Entity (Tables)

6 Months Ended

Jun. 30, 2020

Variable Interest Entities [Abstract]

Schedule of Variable Interest Entities

The following table sets forth the assets and liabilities of the Midtown One joint venture included on our Consolidated Balance Sheets:



	June 30, 2020
Development in-process	$	34,462
Accounts payable, accrued expenses and other liabilities	$	2,377

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Intangible Assets and Below Market Lease Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Total 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:



	June 30, 2020			December 31, 2019
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$	373,075		$	377,472
Less accumulated amortization	(151,170		)	(146,125		)
	$	221,905		$	231,347
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities	$	65,039		$	65,971
Less accumulated amortization	(36,164		)	(34,014		)
	$	28,875		$	31,957

Amortization of Intangible Assets and Below Market Lease Liabilities

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)	$	8,566		$	8,759		$	17,364		$	19,074
Amortization of lease incentives (in rental and other revenues)	$	429		$	460		$	919		$	3,308
Amortization of acquisition-related intangible assets (in rental and other revenues)	$	321		$	343		$	609		$	700
Amortization of acquisition-related intangible assets (in rental property and other expenses)	$	138		$	139		$	277		$	276
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)	$	(1,517	)	$	(1,763	)	$	(3,083	)	$	(3,416	)

Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities

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)
July 1 through December 31, 2020	$	18,951	$	831	$	529	$	233	$	(2,874	)
2021	33,989		1,415		767		—		(5,013		)
2022	29,787		1,204		601		—		(3,982		)
2023	26,329		1,121		447		—		(3,607		)
2024	23,306		975		373		—		(2,939		)
Thereafter	74,561		4,325		2,161		—		(10,460		)
	$	206,923	$	9,871	$	4,878	$	233	$	(28,875	)
Weighted average remaining amortization periods as of June 30, 2020 (in years)	8.4		9.1		9.5		0.5		8.7

Mortgages and Notes Payable (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Consolidated Mortgages and Notes Payable

The following table sets forth our mortgages and notes payable:



	June 30, 2020			December 31, 2019
Secured indebtedness	$	94,336		$	95,303
Unsecured indebtedness	2,255,277			2,461,425
Less-unamortized debt issuance costs	(11,951		)	(13,018		)
Total mortgages and notes payable, net	$	2,337,662		$	2,543,710

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Fair Value

The following table sets forth the fair value of our derivatives:



	June 30, 2020		December 31, 2019
Derivatives:
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
Interest rate swaps	$	1,237	$	154

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table sets forth the effect of our cash flow hedges on accumulated other comprehensive income/(loss) and interest expense:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Derivatives Designated as Cash Flow Hedges:
Amount of unrealized losses recognized in accumulated other comprehensive income/(loss) on derivatives:
Interest rate swaps	$	(103	)	$	(646	)	$	(1,236	)	$	(2,550	)
Amount of (gains)/losses reclassified out of accumulated other comprehensive income/(loss) into interest expense:
Interest rate swaps	$	75		$	(360	)	$	3		$	(875	)

Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]

6 Months Ended

Jun. 30, 2020

Noncontrolling Interest [Line Items]

Noncontrolling Interests in the Operating Partnership

The following table sets forth the Company’s noncontrolling interests in the Operating Partnership:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Beginning noncontrolling interests in the Operating Partnership	$	100,674		$	127,976		$	133,216		$	105,960
Adjustment of noncontrolling interests in the Operating Partnership to fair value	5,776			(14,722		)	(36,525		)	8,532
Issuances of Common Units	—			—			6,163			—
Conversions of Common Units to Common Stock	—			(222		)	—			(353		)
Net income attributable to noncontrolling interests in the Operating Partnership	1,017			1,044			5,977			1,237
Distributions to noncontrolling interests in the Operating Partnership	(1,364		)	(1,298		)	(2,728		)	(2,598		)
Total noncontrolling interests in the Operating Partnership	$	106,103		$	112,778		$	106,103		$	112,778

Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership

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 June 30,				Six Months Ended June 30,
	2020		2019		2020			2019
Net income available for common stockholders	$	37,028	$	39,422	$	222,501		$	46,677
Increase in additional paid in capital from conversions of Common Units to Common Stock	—		222		—			353
Issuances of Common Units	—		—		(6,163		)	—
Change from net income available for common stockholders and transfers from noncontrolling interests	$	37,028	$	39,644	$	216,338		$	47,030

Disclosure About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests

The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed 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 June 30, 2020:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,440	$	—	$	1,440	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,111		2,111		—		—
Impaired real estate assets	2,053		—		—		2,053
Total Assets	$	5,604	$	2,111	$	1,440	$	2,053
Noncontrolling Interests in the Operating Partnership	$	106,103	$	106,103	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,421,024	$	—	$	2,421,024	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	1,237		—		1,237		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,111		2,111		—		—
Total Liabilities	$	2,424,372	$	2,111	$	2,422,261	$	—



Fair Value at December 31, 2019:
Assets:
Mortgages and notes receivable, at fair value (1)	$	1,501	$	—	$	1,501	$	—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,345		2,345		—		—
Total Assets	$	3,846	$	2,345	$	1,501	$	—
Noncontrolling Interests in the Operating Partnership	$	133,216	$	133,216	$	—	$	—
Liabilities:
Mortgages and notes payable, net, at fair value (1)	$	2,615,776	$	—	$	2,615,776	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	154		—		154		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,345		2,345		—		—
Total Liabilities	$	2,618,275	$	2,345	$	2,615,930	$	—

__________

(1) Amounts are not recorded at fair value on our Consolidated Balance Sheets at June 30, 2020 and December 31, 2019.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Income/(Loss)

The following table sets forth the components of accumulated other comprehensive income/(loss):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Cash flow hedges:
Beginning balance	$	(1,676	)	$	7,494		$	(471	)	$	9,913
Unrealized losses on cash flow hedges	(103		)	(646		)	(1,236		)	(2,550		)
Amortization of cash flow hedges (1)	75			(360		)	3			(875		)
Total accumulated other comprehensive income/(loss)	$	(1,704	)	$	6,488		$	(1,704	)	$	6,488

__________

(1) Amounts reclassified out of accumulated other comprehensive income/(loss) into interest expense.

Real Estate and Other Assets Held For Sale (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Real Estate and Other Assets of the Properties Classified As Held For Sale

The following table sets forth the assets held for sale at June 30, 2020 and December 31, 2019, which are considered non-core:



	June 30, 2020		December 31, 2019
Assets:
Land	$	—	$	4,815
Buildings and tenant improvements	—		29,581
Less-accumulated depreciation	—		(16,775		)
Net real estate assets	—		17,621
Accrued straight-line rents receivable	—		2,073
Deferred leasing costs, net	—		1,096
Real estate and other assets, net, held for sale	$	—	$	20,790

Earnings Per Share and Per Unit (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share and Per Unit Basic and Diluted [Line Items]

Earnings Per Share

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Earnings per Common Share - basic:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,017		)	(1,044		)	(5,977		)	(1,237		)
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Dividends on Preferred Stock	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common stockholders	$	37,028		$	39,422		$	222,501		$	46,677
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)	103,886			103,693			103,849			103,647
Net income available for common stockholders	$	0.36		$	0.38		$	2.14		$	0.45
Earnings per Common Share - diluted:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Dividends on Preferred Stock	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	38,045		$	40,466		$	228,478		$	47,914
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)	103,886			103,693			103,849			103,647
Add:
Stock options using the treasury method	2			19			13			20
Noncontrolling interests Common Units	2,842			2,733			2,819			2,735
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions	106,730			106,445			106,681			106,402
Net income available for common stockholders	$	0.36		$	0.38		$	2.14		$	0.45

__________

(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

The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Earnings per Common Unit - basic:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Distributions on Preferred Units	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common unitholders	$	38,045		$	40,466		$	228,478		$	47,914
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)	106,319			106,017			106,259			105,973
Net income available for common unitholders	$	0.36		$	0.38		$	2.15		$	0.45
Earnings per Common Unit - diluted:
Numerator:
Net income	$	38,956		$	41,394		$	230,296		$	49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289		)	(306		)	(574		)	(622		)
Distributions on Preferred Units	(622		)	(622		)	(1,244		)	(1,244		)
Net income available for common unitholders	$	38,045		$	40,466		$	228,478		$	47,914
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)	106,319			106,017			106,259			105,973
Add:
Stock options using the treasury method	2			19			13			20
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions	106,321			106,036			106,272			105,993
Net income available for common unitholders	$	0.36		$	0.38		$	2.15		$	0.45

__________

(1)

Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

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 and 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 six months ended June 30, 2019 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments as a result of recent dispositions.



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Rental and Other Revenues:
Office:
Atlanta	$	36,537	$	37,692	$	74,496	$	73,995
Charlotte	9,010		—		17,943		—
Nashville	34,622		33,109		69,119		64,508
Orlando	12,304		12,995		25,326		26,927
Pittsburgh	14,676		14,994		29,624		30,309
Raleigh	31,202		30,673		63,755		59,770
Richmond	11,834		12,341		24,094		24,627
Tampa	25,358		23,497		50,602		39,068
Total Office Segment	175,543		165,301		354,959		319,204
Other	7,610		18,769		20,994		37,229
Total Rental and Other Revenues	$	183,153	$	184,070	$	375,953	$	356,433

Reconciliation of Operating Profit (Loss) from Segments to Consolidated



Net Operating Income:
Office:
Atlanta	$	23,901		$	24,819		$	49,084		$	48,242
Charlotte	7,123			—			14,325			—
Nashville	25,132			24,208			49,885			46,526
Orlando	7,750			8,007			15,755			16,563
Pittsburgh	9,350			8,895			18,020			18,029
Raleigh	23,997			22,438			47,633			43,297
Richmond	8,508			8,610			17,199			17,162
Tampa	17,663			14,291			34,196			21,376
Total Office Segment	123,424			111,268			246,097			211,195
Other	4,610			12,244			12,535			24,129
Total Net Operating Income	128,034			123,512			258,632			235,324
Reconciliation to net income:
Depreciation and amortization	(59,461		)	(59,460		)	(120,611		)	(128,664		)
Impairments of real estate assets	(1,778		)	(531		)	(1,778		)	(531		)
General and administrative expenses	(10,084		)	(9,560		)	(21,014		)	(21,941		)
Interest expense	(19,840		)	(20,356		)	(41,117		)	(39,095		)
Other income/(loss)	588			321			657			(3,445		)
Gains on disposition of property	318			6,703			153,385			6,703
Equity in earnings of unconsolidated affiliates	1,179			765			2,142			1,429
Net income	$	38,956		$	41,394		$	230,296		$	49,780

Description of Business and Significant Accounting Policies (Details) ft² in Millions, $ in Millions	Jun. 30, 2020 USD ($) a ft² shares
Description of Business [Abstract]
Rentable square feet of commercial real estate properties (in sq feet) \| ft²	28.1
Rentable square feet of commercial real estate office properties under development (in sq feet) \| ft²	1.2
Undeveloped land suitable for future development (in acres) \| a	225
Self insurance liability \| $	$ 0.5
Deferred rents included in accounts receivable \| $	$ 5.0
Highwoods Properties, Inc. [Member]
Description of Business [Abstract]
Common Units of partnership owned by the Company (in shares)	103,500,000
Percentage of ownership of Common Units (in hundredths)	97.30%
Issuance of Common Units in acquisition (in units)	118,592
Highwoods Realty Limited Partnership [Member]
Description of Business [Abstract]
Common Units of partnership not owned by the Company (in shares)	2,800,000

Leases ASC 842 (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases ASC 842 (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessor Disclosure [Abstract]
Rental and other revenues related to operating lease payments	$ 181.1	$ 180.7	$ 370.7	$ 350.1
Variable lease income	$ 13.4	$ 16.4	$ 29.8	$ 31.9
Minimum [Member]
Lessor Disclosure [Abstract]
Operating leases, term of leases (in years)	3 years		3 years
Maximum [Member]
Lessor Disclosure [Abstract]
Operating leases, term of leases (in years)	10 years		10 years

Consolidated Variable Interest Entity (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2020 USD ($) ft²	Dec. 31, 2019 USD ($)
Consolidated Variable Interest Entity [Abstract]
Rentable square feet of office property under development (in sq feet) \| ft²	1,200,000
Assets and liabilities of consolidated variable interest entity [Abstract]
Development in-process	$ 195,166	$ 172,706
Accounts payable, accrued expenses and other liabilities	$ 275,551	$ 286,911
Consolidated Variable Interest Entity [Member]
Consolidated Variable Interest Entity [Abstract]
Rentable square feet of office property under development (in sq feet) \| ft²	150,000
Total anticipated development costs	$ 71,300
Contribution of cash to acquire interest in consolidated joint venture	$ 20,000
Interest in consolidated joint venture (in hundredths)	80.00%
Partner's contribution of property to acquire interest in consolidated joint venture	$ 5,000
Advance to consolidated affiliate	46,300
Amount of loan funded to affiliate	6,700
Assets and liabilities of consolidated variable interest entity [Abstract]
Development in-process	34,462
Accounts payable, accrued expenses and other liabilities	$ 2,377
Consolidated Variable Interest Entity [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Consolidated Variable Interest Entity [Abstract]
Variable interest rate basis	LIBOR plus 250 basis points
Interest rate, basis spread (in hundredths)	2.50%
Variable Interest Entity [Member]
Consolidated Variable Interest Entity [Abstract]
Partner's interest in consolidated joint venture (in hundredths)	20.00%
Variable Interest Entity [Member] \| Consolidated Variable Interest Entity [Member]
Consolidated Variable Interest Entity [Abstract]
Partner's interest in consolidated joint venture (in hundredths)	20.00%

Real Estate Assets (Details) $ in Thousands	3 Months Ended			6 Months Ended
Real Estate Assets (Details) $ in Thousands	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($) propertyUnit shares	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)
Dispositions [Abstract]
Gain/(loss) on disposition of property	$ 318		$ 6,703	$ 153,385	$ 6,703
Impairments [Abstract]
Impairments of real estate assets	1,778		$ 531	$ 1,778	$ 531
Raleigh NC Land Acquisition [Member]
Acquisitions [Abstract]
Acquisition purchase price	2,300
Nashville TN Land Acquisition [Member]
Acquisitions [Abstract]
Acquisition purchase price		$ 6,200
Issuance of Common Units in acquisition (in units) \| shares		118,592
2020 Dispositions [Member]
Dispositions [Abstract]
Number of buildings sold \| propertyUnit		41
Purchase price of real estate	2,800	$ 338,400
Closing credits excluded for unfunded building and/or tenant improvements		3,800
Gain/(loss) on disposition of property	(100)	$ 153,100
2016 Land Disposition [Member]
Dispositions [Abstract]
Gain/(loss) on disposition of property	400
2020 Impairments [Member]
Impairments [Abstract]
Impairments of real estate assets	$ 1,800

Intangible Assets and Below Market Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$ 373,075		$ 373,075		$ 377,472
Deferred leasing costs, accumulated amortization	(151,170)		(151,170)		(146,125)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	221,905		221,905		231,347
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities, gross	65,039		65,039		65,971
Acquisition-related below market lease liabilities, accumulated amortization	(36,164)		(36,164)		(34,014)
Acquisition-related below market lease liabilities, net	28,875		28,875		$ 31,957
Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	206,923		206,923
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	8,566	$ 8,759	17,364	$ 19,074
Lease Incentives (in Rental and Other Revenues) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	9,871		9,871
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	429	460	919	3,308
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	4,878		4,878
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	321	343	609	700
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	233		233
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	138	139	277	276
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities, net	28,875		28,875
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of acquisition-related below market lease liabilities	$ (1,517)	$ (1,763)	$ (3,083)	$ (3,416)

Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Scheduled future amortization of intangible assets [Abstract]
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 221,905	$ 231,347
Scheduled future amortization of below market lease liabilities [Abstract]
Total scheduled future amortization of acquisition-related below market lease liabilities	(28,875)	$ (31,957)
Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) [Member]
Scheduled future amortization of intangible assets [Abstract]
July 1 through December 31, 2020	18,951
2021	33,989
2022	29,787
2023	26,329
2024	23,306
Thereafter	74,561
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 206,923
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	8 years 4 months 24 days
Lease Incentives (in Rental and Other Revenues) [Member]
Scheduled future amortization of intangible assets [Abstract]
July 1 through December 31, 2020	$ 831
2021	1,415
2022	1,204
2023	1,121
2024	975
Thereafter	4,325
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 9,871
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	9 years 1 month 6 days
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]
Scheduled future amortization of intangible assets [Abstract]
July 1 through December 31, 2020	$ 529
2021	767
2022	601
2023	447
2024	373
Thereafter	2,161
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 4,878
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	9 years 6 months
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member]
Scheduled future amortization of intangible assets [Abstract]
July 1 through December 31, 2020	$ 233
2021	0
2022	0
2023	0
2024	0
Thereafter	0
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 233
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	6 months
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]
Scheduled future amortization of below market lease liabilities [Abstract]
July 1 through December 31, 2020	$ (2,874)
2021	(5,013)
2022	(3,982)
2023	(3,607)
2024	(2,939)
Thereafter	(10,460)
Total scheduled future amortization of acquisition-related below market lease liabilities	$ (28,875)
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)	8 years 8 months 12 days

Mortgages and Notes Payable (Details)	6 Months Ended
Mortgages and Notes Payable (Details)	Jun. 30, 2020 USD ($) extension	Jul. 21, 2020 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Mortgages and notes payable	$ 2,337,662,000		$ 2,543,710,000
Unamortized debt issuance costs	$ (11,951,000)		(13,018,000)
Maximum liquidity requirements (in years)	1 year
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on revolving credit facility	$ 600,000,000.0
Maturity date on revolving credit facility	Jan. 01, 2022
Additional borrowing capacity on revolving credit facility	$ 400,000,000.0
Number of additional extensions \| extension	2
Term of optional extension	6 months
Annual facility fee (in hundredths)	0.20%
Amount outstanding on revolving credit facility	$ 14,000,000.0
Outstanding letters of credit on revolving credit facility	100,000
Unused borrowing capacity on revolving credit facility	585,900,000
3.20% (3.363% effective rate) Notes due 2021 [Member]
Debt Instrument [Line Items]
Principal amount of debt	300,000,000.0
Secured indebtedness [Member]
Debt Instrument [Line Items]
Mortgages and notes payable	94,336,000		95,303,000
Aggregate undepreciated book value of secured real estate assets	147,400,000
Unsecured indebtedness [Member]
Debt Instrument [Line Items]
Mortgages and notes payable	$ 2,255,277,000		$ 2,461,425,000
London Interbank Offered Rate (LIBOR) [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Facility interest rate basis	LIBOR plus 100 basis points
Interest rate, basis spread (in hundredths)	1.00%
Subsequent Event [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding on revolving credit facility		$ 0
Outstanding letters of credit on revolving credit facility		100,000
Unused borrowing capacity on revolving credit facility		$ 599,900,000

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Expected net increase to interest expense	$ 500		$ 500
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
Interest rate swaps	1,237		1,237		$ 154
Amount of unrealized losses recognized in accumulated other comprehensive income/(loss) on derivatives:
Interest rate swaps	(103)	$ (646)	(1,236)	$ (2,550)
Amount of (gains)/losses reclassified out of accumulated other comprehensive income/(loss) into interest expense:
Interest rate swaps	$ 75	$ (360)	$ 3	$ (875)

Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Noncontrolling Interests (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Noncontrolling Interests in the Operating Partnership [Roll Forward]
Beginning noncontrolling interests in the Operating Partnership			$ 133,216
Adjustment of noncontrolling interests in the Operating Partnership to fair value	$ 5,776	$ (14,722)	(36,525)	$ 8,532
Conversions of Common Units to Common Stock		(222)	0	(353)
Net income attributable to noncontrolling interests in the Operating Partnership	1,017	1,044	5,977	1,237
Distributions to noncontrolling interests in the Operating Partnership			(2,728)	(2,598)
Total noncontrolling interests in the Operating Partnership	106,103		106,103
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]
Net income available for common stockholders	37,028	39,422	222,501	46,677
Highwoods Properties, Inc. [Member]
Noncontrolling Interests in the Operating Partnership [Roll Forward]
Beginning noncontrolling interests in the Operating Partnership	100,674	127,976	133,216	105,960
Adjustment of noncontrolling interests in the Operating Partnership to fair value	5,776	(14,722)	(36,525)	8,532
Issuances of Common Units	0	0	6,163	0
Conversions of Common Units to Common Stock	0	(222)	0	(353)
Net income attributable to noncontrolling interests in the Operating Partnership	1,017	1,044	5,977	1,237
Distributions to noncontrolling interests in the Operating Partnership	(1,364)	(1,298)	(2,728)	(2,598)
Total noncontrolling interests in the Operating Partnership	106,103	112,778	106,103	112,778
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]
Net income available for common stockholders	37,028	39,422	222,501	46,677
Increase in additional paid in capital from conversions of Common Units to Common Stock	0	222	0	353
Issuances of Common Units	0	0	(6,163)	0
Change from net income available for common stockholders and transfers from noncontrolling interests	$ 37,028	$ 39,644	$ 216,338	$ 47,030
Richmond Joint Venture [Member]
Noncontrolling Interests in Consolidated Affiliates [Abstract]
Consolidated joint venture, partner's interest (in hundredths)	50.00%		50.00%
Tampa Joint Venture [Member]
Noncontrolling Interests in Consolidated Affiliates [Abstract]
Consolidated joint venture, partner's interest (in hundredths)	20.00%		20.00%

Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Mortgages and notes receivable, at fair value	$ 1,440	$ 1,501
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,111	2,345
Impaired real estate assets	2,053
Total Assets	5,604	3,846
Liabilities:
Mortgages and notes payable, net, at fair value	2,421,024	2,615,776
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	1,237	154
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,111	2,345
Total Liabilities	2,424,372	2,618,275
Level 1 [Member]
Assets:
Mortgages and notes receivable, at fair value	0	0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,111	2,345
Impaired real estate assets	0
Total Assets	2,111	2,345
Liabilities:
Mortgages and notes payable, net, at fair value	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)	2,111	2,345
Total Liabilities	2,111	2,345
Level 2 [Member]
Assets:
Mortgages and notes receivable, at fair value	1,440	1,501
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	0	0
Impaired real estate assets	0
Total Assets	1,440	1,501
Liabilities:
Mortgages and notes payable, net, at fair value	2,421,024	2,615,776
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	1,237	154
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	0	0
Total Liabilities	2,422,261	2,615,930
Level 3 [Member]
Assets:
Mortgages and notes receivable, at fair value	0	0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	0	0
Impaired real estate assets	2,053
Total Assets	2,053	0
Liabilities:
Mortgages and notes payable, net, at fair value	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
Total Liabilities	0	0
Highwoods Properties, Inc. [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	106,103	133,216
Highwoods Properties, Inc. [Member] \| Level 1 [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	106,103	133,216
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

Share-Based Payments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,200	$ 900	$ 3,738	$ 5,512
Total unrecognized share-based compensation costs	$ 7,700		$ 7,700
Weighted average remaining contractual term for recognition of unrecognized share-based compensation costs (in years)			2 years 2 months 12 days
Highwoods Properties, Inc. [Member] \| Time-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock shares granted (in shares)			83,116
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)			$ 44.88
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 (in shares)			66,188
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)			$ 38.31

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income/(Loss) Calculation [Roll Forward]
Beginning balance	$ (1,676)	$ 7,494	$ (471)	$ 9,913
Unrealized losses on cash flow hedges	(103)	(646)	(1,236)	(2,550)
Amortization of cash flow hedges	75	(360)	3	(875)
Total accumulated other comprehensive loss	$ (1,704)	$ 6,488	$ (1,704)	$ 6,488

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Real Estate and Other Assets Held For Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real Estate and Other Assets Held For Sale [Abstract]
Land	$ 0	$ 4,815
Buildings and tenant improvements	0	29,581
Less-accumulated depreciation	0	(16,775)
Net real estate assets	0	17,621
Accrued straight-line rents receivable	0	2,073
Deferred leasing costs, net	0	1,096
Real estate and other assets, net, held for sale	$ 0	$ 20,790

Earnings Per Share and Per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings per Common Share and Per Unit - basic: [Abstract]
Net income	$ 38,956	$ 41,394	$ 230,296	$ 49,780
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(1,017)	(1,044)	(5,977)	(1,237)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(289)	(306)	(574)	(622)
Dividends on Preferred Stock	(622)	(622)	(1,244)	(1,244)
Net income available for common stockholders	$ 37,028	$ 39,422	$ 222,501	$ 46,677
Denominator:
Denominator for basic earnings per Common Share - weighted average shares (in shares)	103,886	103,693	103,849	103,647
Earnings per Common Share - basic:
Net income available for common stockholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.14	$ 0.45
Earnings per Common Share and Per Unit - diluted: [Abstract]
Net income	$ 38,956	$ 41,394	$ 230,296	$ 49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289)	(306)	(574)	(622)
Dividends on Preferred Stock	(622)	(622)	(1,244)	(1,244)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$ 38,045	$ 40,466	$ 228,478	$ 47,914
Denominator:
Denominator for basic earnings per Common Share - weighted average shares (in shares)	103,886	103,693	103,849	103,647
Stock options using the treasury method (in shares)	2	19	13	20
Noncontrolling interests Common Units (in shares)	2,842	2,733	2,819	2,735
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares)	106,730	106,445	106,681	106,402
Earnings per Common Share - diluted:
Net income available for common stockholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.14	$ 0.45
Highwoods Realty Limited Partnership [Member]
Earnings per Common Share and Per Unit - basic: [Abstract]
Net income	$ 38,956	$ 41,394	$ 230,296	$ 49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(289)	(306)	(574)	(622)
Distributions on Preferred Units	(622)	(622)	(1,244)	(1,244)
Net income available for common unitholders	$ 38,045	$ 40,466	$ 228,478	$ 47,914
Denominator:
Denominator for basic earnings per Common Unit - weighted average units (in shares)	106,319	106,017	106,259	105,973
Earnings per Common Unit - basic:
Net income available for common unitholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.15	$ 0.45
Earnings per Common Share and Per Unit - diluted: [Abstract]
Net income	$ 38,956	$ 41,394	$ 230,296	$ 49,780
Net (income) attributable to noncontrolling interests in consolidated affiliates	(289)	(306)	(574)	(622)
Distributions on Preferred Units	(622)	(622)	(1,244)	(1,244)
Net income available for common unitholders	$ 38,045	$ 40,466	$ 228,478	$ 47,914
Denominator:
Denominator for basic earnings per Common Unit - weighted average units (in shares)	106,319	106,017	106,259	105,973
Stock options using the treasury method (in shares)	2	19	13	20
Denominator for diluted earnings per Common Unit - adjusted weighted average units and assumed conversions (in shares)	106,321	106,036	106,272	105,993
Earnings per Common Unit - diluted:
Net income available for common unitholders (in dollars per share)	$ 0.36	$ 0.38	$ 2.15	$ 0.45

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	$ 183,153	$ 184,070	$ 375,953	$ 356,433
Total Net Operating Income	128,034	123,512	258,632	235,324
Reconciliation to net income:
Depreciation and amortization	(59,461)	(59,460)	(120,611)	(128,664)
Impairments of real estate assets	(1,778)	(531)	(1,778)	(531)
General and administrative expenses	(10,084)	(9,560)	(21,014)	(21,941)
Interest expense	(19,840)	(20,356)	(41,117)	(39,095)
Other income/(loss)	588	321	657	(3,445)
Gains on disposition of property	318	6,703	153,385	6,703
Equity in earnings of unconsolidated affiliates	1,179	765	2,142	1,429
Net income	38,956	41,394	230,296	49,780
Total Office Segment [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	175,543	165,301	354,959	319,204
Total Net Operating Income	123,424	111,268	246,097	211,195
Office Atlanta, GA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	36,537	37,692	74,496	73,995
Total Net Operating Income	23,901	24,819	49,084	48,242
Office Charlotte, NC [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	9,010	0	17,943	0
Total Net Operating Income	7,123	0	14,325	0
Office Nashville, TN [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	34,622	33,109	69,119	64,508
Total Net Operating Income	25,132	24,208	49,885	46,526
Office Orlando, FL [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	12,304	12,995	25,326	26,927
Total Net Operating Income	7,750	8,007	15,755	16,563
Office Pittsburgh, PA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	14,676	14,994	29,624	30,309
Total Net Operating Income	9,350	8,895	18,020	18,029
Office Raleigh, NC [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	31,202	30,673	63,755	59,770
Total Net Operating Income	23,997	22,438	47,633	43,297
Office Richmond, VA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	11,834	12,341	24,094	24,627
Total Net Operating Income	8,508	8,610	17,199	17,162
Office Tampa, FL [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	25,358	23,497	50,602	39,068
Total Net Operating Income	17,663	14,291	34,196	21,376
Other [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	7,610	18,769	20,994	37,229
Total Net Operating Income	$ 4,610	$ 12,244	$ 12,535	$ 24,129

Subsequent Events (Details) $ / shares in Units, $ in Thousands			3 Months Ended			6 Months Ended
	Jul. 28, 2020 $ / shares	Jul. 01, 2020 USD ($) propertyUnit	Jun. 30, 2020 USD ($) $ / shares	Mar. 31, 2020 USD ($) propertyUnit	Jun. 30, 2019 USD ($) $ / shares	Jun. 30, 2020 USD ($) $ / shares	Jun. 30, 2019 USD ($) $ / shares
Subsequent Event [Line Items]
Gains on disposition of property			$ 318		$ 6,703	$ 153,385	$ 6,703
2020 Dispositions [Member]
Subsequent Event [Line Items]
Number of buildings sold \| propertyUnit				41
Purchase price of real estate			2,800	$ 338,400
Gains on disposition of property			$ (100)	$ 153,100
2020 Dispositions [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Number of buildings sold \| propertyUnit		2
Purchase price of real estate		$ 23,300
Gains on disposition of property		$ 9,300
Highwoods Properties, Inc. [Member]
Subsequent Event [Line Items]
Dividends on Common Stock (per share) \| $ / shares			$ 0.48		$ 0.475	$ 0.96	$ 0.95
Highwoods Properties, Inc. [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends on Common Stock (per share) \| $ / shares	$ 0.48