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Mortgages and Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2012
Debt Instrument [Line Items] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following:
| December 31,
| 2012 |  | 2011
Secured indebtedness: (1) |  |  |
5.45% (5.12% effective rate) mortgage loan due 2014 (2) | 67,604 |  |  | 67,809 |
5.18% (4.22% effective rate) mortgage loan due 2017 (3) | 120,924 |  |  | 123,613 |
6.03% mortgage loan due 2013 | — |  |  | 125,264 |
5.68% mortgage loan due 2013 | 107,289 |  |  | 110,343 |
5.17% (6.43% effective rate) mortgage loan due 2015 (4) | 39,805 |  |  | 40,015 |
6.88% mortgage loans due 2016 | 110,671 |  |  | 112,075 |
7.50% mortgage loan due 2016 | 45,662 |  |  | 46,181 |
5.74% to 9.00% mortgage loans due between 2012 and 2016 (5) (6) (7) | 57,652 |  |  | 72,640 |
Variable rate construction loan due 2012 | — |  |  | 17,802 |
| 549,607 |  |  | 715,742 |
Unsecured indebtedness: |  |  |
5.85% (5.88% effective rate) notes due 2017 (8) | 379,194 |  |  | 391,164 |
7.50% notes due 2018 | 200,000 |  |  | 200,000 |
3.625% (3.752% effective rate) notes due 2023 (9) | 247,361 |  |  | — |
Variable rate term loan due 2016 (10) | 35,000 |  |  | 200,000 |
Variable rate term loan due 2018 (11) | 200,000 |  |  | — |
Variable rate term loan due 2019 (12) | 225,000 |  |  | — |
Revolving credit facility due 2015 (13) | 23,000 |  |  | 362,000 |
| 1,309,555 |  |  | 1,153,164 |
Total | $ | 1,859,162 |  |  | $ | 1,868,906 |
__________
(1) | The secured mortgage loans payable are collateralized by real estate assets with an aggregate undepreciated book value of $966.9 million at December 31, 2012. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.
(2) | Includes unamortized fair market premium of $0.2 million as of December 31, 2012.
(3) | Includes unamortized fair market premium of $4.6 million as of December 31, 2012.
(4) | Net of unamortized fair market value discount of $1.2 million as of December 31, 2012.
(5) | Includes mortgage debt related to Harborview, a consolidated 20.0% owned joint venture, of $21.0 million at December 31, 2011. See Note 8.
(6) | Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $33.1 million and $34.0 million at December 31, 2012 and 2011, respectively. See Note 10.
(7) | Net of unamortized fair market value premium of $0.5 million and $0.3 million at December 31, 2012 and 2011, respectively.
(8) | Net of unamortized original issuance discount of $0.5 million and $0.6 million at December 31, 2012 and 2011, respectively.
(9) | Net of unamortized original issuance discount of $2.6 million at December 31, 2012.
(10) | The interest rate is 2.42% at December 31, 2012.
(11) | The interest rate is 1.87% at December 31, 2012.
6. Mortgages and Notes Payable - Continued
(12) | As more fully described in Note 7, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for the full amount and duration of this loan. Accordingly, the equivalent fixed rate of this loan is 3.58%.
(13) | The interest rate is 1.71% at December 31, 2012.
Schedule of Long-term Debt Instruments | The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable at December 31, 2012:
Years Ending December 31, |  | Principal Amount
2013 |  | $ | 123,537 |
2014 |  | 112,283 |
2015 |  | 67,733 |
2016 |  | 193,217 |
2017 |  | 488,617 |
Thereafter |  | 873,775 |
|  | $ | 1,859,162 |
Highwoods Realty Limited Partnership [Member] |
Debt Instrument [Line Items] |
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following:
| December 31,
| 2012 |  | 2011
Secured indebtedness: (1) |  |  |
5.45% (5.12% effective rate) mortgage loan due 2014 (2) | 67,604 |  |  | 67,809 |
5.18% (4.22% effective rate) mortgage loan due 2017 (3) | 120,924 |  |  | 123,613 |
6.03% mortgage loan due 2013 | — |  |  | 125,264 |
5.68% mortgage loan due 2013 | 107,289 |  |  | 110,343 |
5.17% (6.43% effective rate) mortgage loan due 2015 (4) | 39,805 |  |  | 40,015 |
6.88% mortgage loans due 2016 | 110,671 |  |  | 112,075 |
7.50% mortgage loan due 2016 | 45,662 |  |  | 46,181 |
5.74% to 9.00% mortgage loans due between 2012 and 2016 (5) (6) (7) | 57,652 |  |  | 72,640 |
Variable rate construction loan due 2012 | — |  |  | 17,802 |
| 549,607 |  |  | 715,742 |
Unsecured indebtedness: |  |  |
5.85% (5.88% effective rate) notes due 2017 (8) | 379,194 |  |  | 391,164 |
7.50% notes due 2018 | 200,000 |  |  | 200,000 |
3.625% (3.752% effective rate) notes due 2023 (9) | 247,361 |  |  | — |
Variable rate term loan due 2016 (10) | 35,000 |  |  | 200,000 |
Variable rate term loan due 2018 (11) | 200,000 |  |  | — |
Variable rate term loan due 2019 (12) | 225,000 |  |  | — |
Revolving credit facility due 2015 (13) | 23,000 |  |  | 362,000 |
| 1,309,555 |  |  | 1,153,164 |
Total | $ | 1,859,162 |  |  | $ | 1,868,906 |
__________
(1) | The secured mortgage loans payable are collateralized by real estate assets with an aggregate undepreciated book value of $966.9 million at December 31, 2012. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.
(2) | Includes unamortized fair market premium of $0.2 million as of December 31, 2012.
(3) | Includes unamortized fair market premium of $4.6 million as of December 31, 2012.
(4) | Net of unamortized fair market value discount of $1.2 million as of December 31, 2012.
(5) | Includes mortgage debt related to Harborview, a consolidated 20.0% owned joint venture, of $21.0 million at December 31, 2011. See Note 8.
(6) | Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $33.1 million and $34.0 million at December 31, 2012 and 2011, respectively. See Note 10.
(7) | Net of unamortized fair market value premium of $0.5 million and $0.3 million at December 31, 2012 and 2011, respectively.
(8) | Net of unamortized original issuance discount of $0.5 million and $0.6 million at December 31, 2012 and 2011, respectively.
(9) | Net of unamortized original issuance discount of $2.6 million at December 31, 2012.
(10) | The interest rate is 2.42% at December 31, 2012.
(11) | The interest rate is 1.87% at December 31, 2012.
6. Mortgages and Notes Payable - Continued
(12) | As more fully described in Note 7, we entered into floating-to-fixed interest rate swaps that effectively fix LIBOR for the full amount and duration of this loan. Accordingly, the equivalent fixed rate of this loan is 3.58%.
(13) | The interest rate is 1.71% at December 31, 2012.
Schedule of Long-term Debt Instruments | The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable at December 31, 2012:
Years Ending December 31, |  | Principal Amount
2013 |  | $ | 123,537 |
2014 |  | 112,283 |
2015 |  | 67,733 |
2016 |  | 193,217 |
2017 |  | 488,617 |
Thereafter |  | 873,775 |
|  | $ | 1,859,162 |

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