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Property Transactions (Tables) | 9 Months Ended
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Sep. 30, 2013
Property Transactions and Information [Abstract] |
Schedule of Properties Held for Sale [Table Text Block] | In addition, assets and liabilities of held for sale properties, as defined, are required to be separately categorized on the balance sheet. In the third quarter of 2013, the Company sold Tiffany Springs MarketCenter. This transaction met the criteria for discontinued operations. Accordingly, the operating results are included in discontinued operations on the accompanying statements of operations for each of the periods presented. The following properties were held for sale or sold in 2013 or 2012, respectively, and met the criteria for discontinued operations presentation ($ in thousands):
Property |  | Property Type |  | Location |  | Square Feet |  | Sales Price
2013: |  |  |  |  |  |  |  |
Tiffany Springs MarketCenter |  | Retail |  | Kansas City, MO |  | 238,000 |  |  | $ | 53,500 |
Inhibitex |  | Office |  | Atlanta, GA |  | 51,000 |  |  | Held for sale |
2012: |  |  |  |  |  |  |  |
The Avenue Forsyth |  | Retail |  | Atlanta, GA |  | 524,000 |  |  | $ | 119,000 |
The Avenue Collierville |  | Retail |  | Memphis, TN |  | 511,000 |  |  | 55,000 |
The Avenue Webb Gin |  | Retail |  | Atlanta, GA |  | 322,000 |  |  | 59,600 |
Galleria 75 |  | Office |  | Atlanta, GA |  | 111,000 |  |  | 9,200 |
Cosmopolitan Center |  | Office |  | Atlanta, GA |  | 51,000 |  |  | 7,000 |
Inhibitex |  | Office |  | Atlanta, GA |  | 51,000 |  |  | Held for sale |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The components of discontinued operations and the gains and losses on property sales for the three and nine months ended September 30, 2013 and 2012 are as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Income (loss) from discontinued operations: |  |  |  |  |  |  |
Rental property revenues | $ | 1,237 |  |  | $ | 6,522 |  |  | $ | 3,924 |  |  | $ | 23,468 |
Fee income | — |  |  | 4,789 |  |  | 76 |  |  | 15,529 |
Other income | 10 |  |  | 3,242 |  |  | 10 |  |  | 3,447 |
Rental property operating expenses | (423 | ) |  | (1,962 | ) |  | (1,470 | ) |  | (7,280 | )
Reimbursed expenses | — |  |  | (2,477 | ) |  | — |  |  | (7,133 | )
General and administrative expenses | (15 | ) |  | (1,782 | ) |  | (94 | ) |  | (6,035 | )
Depreciation and amortization | — |  |  | (3,600 | ) |  | (1,033 | ) |  | (10,810 | )
Impairment losses | — |  |  | — |  |  | — |  |  | (12,233 | )
Other expenses | (6 | ) |  | (8 | ) |  | (19 | ) |  | (40 | )
Income (loss) from discontinued operations | $ | 803 |  |  | $ | 4,724 |  |  | $ | 1,394 |  |  | $ | (1,087 | )
Gain on sale of discontinued operations: |  |  |  |  |  |  |
Third party management and leasing business | $ | 4,531 |  |  | $ | 7,384 |  |  | $ | 4,531 |  |  | $ | 7,384 |
Tiffany Springs MarketCenter | 3,715 |  |  | — |  |  | 3,715 |  |  | — |
Lakeside | 62 |  |  | (9 | ) |  | 62 |  |  | (60 | )
King Mill | 38 |  |  | 89 |  |  | 246 |  |  | 264 |
Galleria 75 | — |  |  | — |  |  | — |  |  | 546 |
The Avenue Collierville | — |  |  | (20 | ) |  | — |  |  | 66 |
Other | — |  |  | — |  |  | (27 | ) |  | 4 |
Gain on sale of discontinued operations | $ | 8,346 |  |  | $ | 7,444 |  |  | $ | 8,527 |  |  | $ | 8,204 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following tables summarize preliminary allocations of the estimated fair values of the assets and liabilities of the acquisitions discussed above (in thousands):
| Post Oak Central |  | Terminus 200 |  | 816 Congress |  | Texas Acquisition
Tangible assets: |  |  |  |  |  |  |
Land and improvements | $ | 88,406 |  |  | $ | 25,040 |  |  | $ | 6,817 |  |  | $ | 306,563 |
Building | 118,470 |  |  | 101,472 |  |  | 86,391 |  |  | 586,150 |
Tenant improvements | 10,877 |  |  | 17,600 |  |  | 3,500 |  |  | 114,220 |
Other assets | — |  |  | 101 |  |  | — |  |  | — |
Deferred rents receivable | — |  |  | 44 |  |  | — |  |  | — |
Tangible assets | 217,753 |  |  | 144,257 |  |  | 96,708 |  |  | 1,006,933 |
Intangible assets: |  |  |  |  |  |  |
Above-market leases | 995 |  |  | 1,512 |  |  | 89 |  |  | 4,959 |
In-place leases | 26,968 |  |  | 14,355 |  |  | 8,222 |  |  | 117,630 |
Below-market ground leases | — |  |  | — |  |  | — |  |  | 2,958 |
Ground lease purchase option | — |  |  | — |  |  | 2,403 |  |  | — |
Total intangible assets | 27,963 |  |  | 15,867 |  |  | 10,714 |  |  | 125,547 |
Intangible liabilities: |  |  |  |  |  |  |
Below-market leases | (14,792 | ) |  | (9,273 | ) |  | (2,820 | ) |  | (47,170 | )
Above-market ground lease | — |  |  | — |  |  | (1,981 | ) |  | (2,508 | )
Total intangible liabilities | (14,792 | ) |  | (9,273 | ) |  | (4,801 | ) |  | (49,678 | )
Total net assets acquired | $ | 230,924 |  |  | $ | 150,851 |  |  | $ | 102,621 |  |  | $ | 1,082,802 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following supplemental pro forma information is presented for the three and nine months ended September 30, 2013 and 2012, respectively. The pro forma information is based upon the Company's historical consolidated statements of operations, adjusted as if the transactions discussed above had occurred at the beginning of each of the periods presented. The supplemental pro forma information is not necessarily indicative of future results or of actual results that would have been achieved had the transactions been consummated at the beginning of each period.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
| (in thousands, except per share amounts)
Revenues | $ | 80,698 |  |  | $ | 80,426 |  |  | $ | 243,927 |  |  | $ | 228,581 |
Income from continuing operations | 58,756 |  |  | 5,153 |  |  | 123,702 |  |  | 17,167 |
Net income | 67,905 |  |  | 17,321 |  |  | 133,623 |  |  | 24,284 |
Net income available to common stockholders | 62,249 |  |  | 13,487 |  |  | 117,835 |  |  | 14,863 |
Per share information: |  |  |  |  |  |  |
Basic | $ | 0.33 |  |  | $ | 0.07 |  |  | $ | 0.62 |  |  | $ | 0.08 |
Diluted | $ | 0.33 |  |  | $ | 0.07 |  |  | $ | 0.62 |  |  | $ | 0.08 |

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