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Investment in and Advances to Unconsolidated Affiliates | 9 Months Ended
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Sep. 30, 2011
Investments In and Advances To Affiliates [Abstract] |
Investment In and Advances To Affiliates | 4. Investment in and Advances to Unconsolidated Affiliates We have equity interests of 50.0% or less in various joint ventures with unrelated third parties and a debt interest in one of those joint ventures, as described below. The following table sets forth the combined, summarized income statements for our unconsolidated joint ventures:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2011 |  | 2010 |  | 2011 |  | 2010 |
Income Statements: |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 25,623 |  | $ | 26,517 |  | $ | 75,619 |  | $ | 93,819 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Rental property and other expenses |  |  | 10,805 |  |  | 12,664 |  |  | 33,576 |  |  | 45,463 |
Depreciation and amortization |  |  | 6,759 |  |  | 6,730 |  |  | 19,670 |  |  | 24,108 |
Interest expense |  |  | 5,976 |  |  | 6,094 |  |  | 17,841 |  |  | 21,892 |
Total expenses |  |  | 23,540 |  |  | 25,488 |  |  | 71,087 |  |  | 91,463 |
Net income |  | $ | 2,083 |  | $ | 1,029 |  | $ | 4,532 |  | $ | 2,356 |
Our share of: |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization of real estate assets |  | $ | 2,066 |  | $ | 2,115 |  | $ | 6,192 |  | $ | 8,193 |
Interest expense |  | $ | 1,965 |  | $ | 2,190 |  | $ | 6,159 |  | $ | 8,368 |
Net income |  | $ | 442 |  | $ | 432 |  | $ | 2,112 |  | $ | 952 |
Our share of net income |  | $ | 442 |  | $ | 432 |  | $ | 2,112 |  | $ | 952 |
Purchase accounting and management, leasing and other fees adjustments |  |  | 671 |  |  | 586 |  |  | 1,821 |  |  | 1,749 |
Equity in earnings of unconsolidated affiliates |  | $ | 1,113 |  | $ | 1,018 |  | $ | 3,933 |  | $ | 2,701 |
In the third quarter of 2011, our joint venture partner exercised its option to acquire our 10.0% equity interest in the HIW Development B, LLC joint venture, which recently completed construction of a build-to-suit office property in Charlotte, NC. As a result, we received gross proceeds of $4.8 million and recorded a gain on disposition of investment in unconsolidated affiliate related to this merchant build project of $2.3 million in the third quarter of 2011.

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- Definition The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6903645&loc=d3e32787-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6903645&loc=d3e32847-111569 + Details
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