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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Information

The following tables summarize the rental and other revenues, net operating income (the primary industry property-level performance metric used by our chief operating decision maker and which is defined as rental and other revenues less rental property and other expenses) and total assets for our office properties. Our segment information as of and for the years ended December 31, 2021 and 2020, respectively, has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments as a result of our plan to exit the Pittsburgh market.

			Year Ended December 31,
			2022						2021						2020
Rental and Other Revenues:
Atlanta			$	143,904					$	143,612					$	146,704
Charlotte			73,721						49,347						35,733
Nashville			174,341						149,674						138,089
Orlando			54,802						51,281						49,459
Raleigh			182,990						162,115						128,189
Richmond			43,084						45,941						48,079
Tampa			94,726						97,954						99,520
Total Office Segment			767,568						699,924						645,773
Other			61,361						68,083						91,127
Total Rental and Other Revenues			$	828,929					$	768,007					$	736,900

Net Operating Income:
Atlanta			$	92,297					$	94,122					$	95,448
Charlotte			55,689						38,464						28,431
Nashville			129,217						110,039						99,901
Orlando			32,331						31,301						29,546
Raleigh			134,904						121,005						95,926
Richmond			28,879						31,726						33,667
Tampa			59,691						64,396						67,059
Total Office Segment			533,008						491,053						449,978
Other			36,115						40,518						55,097
Total Net Operating Income			569,123						531,571						505,075
Reconciliation to net income:
Depreciation and amortization			(287,610)						(259,255)						(241,585)
Impairments of real estate assets			(36,515)						—						(1,778)
General and administrative expenses			(42,266)						(40,553)						(41,031)
Interest expense			(105,385)						(85,853)						(80,962)
Other income/(loss)			1,530						1,394						(1,707)
Gains on disposition of property			63,546						174,059						215,897
Equity in earnings of unconsolidated affiliates			1,535						1,947						4,005
Net income			$	163,958					$	323,310					$	357,914

			December 31,
			2022						2021
Total Assets:
Atlanta			$	928,406					$	947,877
Charlotte			984,075						771,121
Nashville			1,290,819						1,294,178
Orlando			287,950						285,781
Raleigh			1,288,878						1,269,200
Richmond			196,435						202,488
Tampa			493,966						514,303
Total Office Segment			5,470,529						5,284,948
Other			592,847						410,190
Total Assets			$	6,063,376					$	5,695,138

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

+ Details

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