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Investments In Affiliates | 6 Months Ended
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Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract] |
Investments In Affiliates | Investments in 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 the summarized income statements of our unconsolidated affiliates:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Income Statements: |  |  |  |  |  |  |
Rental and other revenues | $ | 12,845 |  |  | $ | 23,935 |  |  | $ | 25,278 |  |  | $ | 47,451 |
Expenses: |  |  |  |  |  |  |
Rental property and other expenses | 6,236 |  |  | 11,739 |  |  | 12,439 |  |  | 22,948 |
Depreciation and amortization | 3,328 |  |  | 6,227 |  |  | 6,817 |  |  | 12,373 |
Impairments of real estate assets | — |  |  | — |  |  | — |  |  | 4,790 |
Interest expense | 2,301 |  |  | 4,689 |  |  | 4,512 |  |  | 9,428 |
Total expenses | 11,865 |  |  | 22,655 |  |  | 23,768 |  |  | 49,539 |
Income/(loss) before disposition of properties | 980 |  |  | 1,280 |  |  | 1,510 |  |  | (2,088 | )
Gains on disposition of properties | — |  |  | 43 |  |  | 1,949 |  |  | 67 |
Net income/(loss) | $ | 980 |  |  | $ | 1,323 |  |  | $ | 3,459 |  |  | $ | (2,021 | )
Our share of: |  |  |  |  |  |  |
Depreciation and amortization | $ | 923 |  |  | $ | 2,092 |  |  | $ | 1,954 |  |  | $ | 4,107 |
Impairments of real estate assets | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,020 |
Interest expense | $ | 764 |  |  | $ | 1,732 |  |  | $ | 1,540 |  |  | $ | 3,484 |
Gains on disposition of properties | $ | — |  |  | $ | 10 |  |  | $ | 955 |  |  | $ | 431 |
Net income | $ | 491 |  |  | $ | 571 |  |  | $ | 1,646 |  |  | $ | 575 |
Our share of net income | $ | 491 |  |  | $ | 571 |  |  | $ | 1,646 |  |  | $ | 575 |
Adjustments for management and other fees | 176 |  |  | 342 |  |  | 345 |  |  | 774 |
Impairment of investment in unconsolidated affiliate | — |  |  | — |  |  | (1,353 | ) |  | — |
Equity in earnings of unconsolidated affiliates | $ | 667 |  |  | $ | 913 |  |  | $ | 638 |  |  | $ | 1,349 |
Board of Trade Investment Company ("Board of Trade") During the first quarter of 2014, Board of Trade sold an office property to an unrelated third party for gross proceeds of $8.3 million and recorded a gain of $1.9 million. As our cost basis was different from the basis reflected at the entity level, we recorded a net impairment charge on our investment of $0.4 million. This charge represented the other-than-temporary decline in the fair value below the carrying value of our investment. During the second quarter of 2014, our 49.0% interest in Board of Trade was redeemed in exchange for $4.7 million. Highwoods KC Glenridge Office, LLC (“KC Glenridge”) During the second quarter of 2014, KC Glenridge paid at maturity the remaining $14.9 million balance on a secured mortgage loan with an effective interest rate of 4.84%.

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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 + Details
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