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Investments In and Advances To Affiliates | 6 Months Ended
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Jun. 30, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Investments In and Advances To Affiliates | Investments in and Advances to Affiliates Unconsolidated Affiliates We have equity interests of up to 50.0% in various joint ventures with unrelated third parties that are accounted for using the equity method of accounting because we have the ability to exercise significant influence over their operating and financial policies. The following table sets forth combined summarized financial information for the Company's unconsolidated affiliates:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Income Statements: |  |  |  |  |  |  |
Rental and other revenues | $ | 23,935 |  |  | $ | 26,049 |  |  | $ | 47,451 |  |  | $ | 50,869 |
Expenses: |  |  |  |  |  |  |
Rental property and other expenses | 11,739 |  |  | 12,666 |  |  | 22,948 |  |  | 24,082 |
Depreciation and amortization | 6,227 |  |  | 5,919 |  |  | 12,373 |  |  | 12,484 |
Impairments of real estate assets | — |  |  | — |  |  | 4,790 |  |  | 7,180 |
Interest expense | 4,689 |  |  | 5,267 |  |  | 9,428 |  |  | 11,097 |
Total expenses | 22,655 |  |  | 23,852 |  |  | 49,539 |  |  | 54,843 |
Income/(loss) before disposition of properties | 1,280 |  |  | 2,197 |  |  | (2,088 | ) |  | (3,974 | )
Gains on disposition of properties | 43 |  |  | 6,275 |  |  | 67 |  |  | 6,275 |
Net income/(loss) | $ | 1,323 |  |  | $ | 8,472 |  |  | $ | (2,021 | ) |  | $ | 2,301 |
The Company's share of: |  |  |  |  |  |  |
Depreciation and amortization | $ | 2,092 |  |  | $ | 1,675 |  |  | $ | 4,107 |  |  | $ | 3,773 |
Impairments of real estate assets | $ | — |  |  | $ | — |  |  | $ | 1,020 |  |  | $ | 1,002 |
Interest expense | $ | 1,732 |  |  | $ | 1,843 |  |  | $ | 3,484 |  |  | $ | 3,823 |
Gains on disposition of properties | $ | 10 |  |  | $ | — |  |  | $ | 431 |  |  | $ | — |
Net income | $ | 571 |  |  | $ | 1,133 |  |  | $ | 575 |  |  | $ | 338 |
The Company's share of net income | $ | 571 |  |  | $ | 1,133 |  |  | $ | 575 |  |  | $ | 338 |
Adjustments for management and other fees | 342 |  |  | 375 |  |  | 774 |  |  | 1,008 |
Equity in earnings of unconsolidated affiliates | $ | 913 |  |  | $ | 1,508 |  |  | $ | 1,349 |  |  | $ | 1,346 |
4. Investments in and Advances to Affiliates - Continued The following table sets forth combined summarized financial information for the Operating Partnership's unconsolidated affiliates:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Income Statements: |  |  |  |  |  |  |
Rental and other revenues | $ | 22,892 |  |  | $ | 25,057 |  |  | $ | 45,371 |  |  | $ | 48,854 |
Expenses: |  |  |  |  |  |  |
Rental property and other expenses | 11,087 |  |  | 12,076 |  |  | 21,695 |  |  | 22,877 |
Depreciation and amortization | 5,915 |  |  | 5,607 |  |  | 11,750 |  |  | 11,861 |
Impairments of real estate assets | — |  |  | — |  |  | 4,790 |  |  | 7,180 |
Interest expense | 4,532 |  |  | 5,103 |  |  | 9,110 |  |  | 10,766 |
Total expenses | 21,534 |  |  | 22,786 |  |  | 47,345 |  |  | 52,684 |
Income/(loss) before disposition of properties | 1,358 |  |  | 2,271 |  |  | (1,974 | ) |  | (3,830 | )
Gains on disposition of properties | 43 |  |  | 6,275 |  |  | 67 |  |  | 6,275 |
Net income/(loss) | $ | 1,401 |  |  | $ | 8,546 |  |  | $ | (1,907 | ) |  | $ | 2,445 |
The Operating Partnership's share of: |  |  |  |  |  |  |
Depreciation and amortization | $ | 2,053 |  |  | $ | 1,636 |  |  | $ | 4,029 |  |  | $ | 3,695 |
Impairments of real estate assets | $ | — |  |  | $ | — |  |  | $ | 1,020 |  |  | $ | 1,002 |
Interest expense | $ | 1,712 |  |  | $ | 1,823 |  |  | $ | 3,444 |  |  | $ | 3,782 |
Gains on disposition of properties | $ | 10 |  |  | $ | — |  |  | $ | 431 |  |  | $ | — |
Net income | $ | 582 |  |  | $ | 1,142 |  |  | $ | 590 |  |  | $ | 356 |
The Operating Partnership's share of net income | $ | 582 |  |  | $ | 1,142 |  |  | $ | 590 |  |  | $ | 356 |
Adjustments for management and other fees | 334 |  |  | 369 |  |  | 709 |  |  | 995 |
Equity in earnings of unconsolidated affiliates | $ | 916 |  |  | $ | 1,511 |  |  | $ | 1,299 |  |  | $ | 1,351 |
4. Investments in and Advances to Affiliates - Continued Highwoods DLF 98/29, LLC ("DLF I") During the second quarter of 2013, DLF I sold an office property to an unrelated third party for a sale price of $5.9 million (after $0.1 million in closing credits to buyer for free rent) and recorded a gain on disposition of discontinued operations of less than $0.1 million. We recorded less than $0.1 million as our share of this gain through equity in earnings of unconsolidated affiliates. During the first quarter of 2013, DLF I recorded impairments of real estate assets of $4.8 million on an office property in Atlanta, GA and an office property in Charlotte, NC. We recorded $1.0 million as our share of this impairment charge through equity in earnings of unconsolidated affiliates. These impairments were due to a change in the assumed timing of future dispositions and leasing assumptions, which reduced the future expected cash flows from the properties. Highwoods DLF 97/26 DLF 99/32, LP ("DLF II") During the first quarter of 2013, DLF II sold an office property to unrelated third parties for a sale price of $10.1 million (after $0.3 million in closing credits to buyer for free rent) and recorded a gain on disposition of property of less than $0.1 million. As our cost basis is different from the basis reflected at the joint venture level, we recorded $0.4 million of gain through equity in earnings of unconsolidated affiliates.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: 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 2: 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 3: 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=7658923&loc=d3e32847-111569 Reference 4: 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=7658923&loc=d3e32787-111569 Reference 5: 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. + Details
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