Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Billions, except Share data, unless otherwise specified | Dec. 31, 2014 | Jan. 30, 2015 | Jun. 30, 2014 |
Entity Information [Line Items] | |||
Entity Registrant Name | HIGHWOODS PROPERTIES INC. | ||
Entity Central Index Key | 921082 | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Large Accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | FALSE | ||
Entity Common Stock, Shares Outstanding | 92,917,429 | ||
Entity Public Float | $3.70 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Highwoods Realty Limited Partnership [Member] | |||
Entity Information [Line Items] | |||
Entity Registrant Name | HIGHWOODS REALTY LIMITED PARTNERSHIP | ||
Entity Central Index Key | 941713 | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | FALSE | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Real estate assets, at cost: | ||
Land | $388,807 | $393,602 |
Buildings and tenant improvements | 3,840,379 | 3,748,869 |
Development in process | 205,971 | 44,621 |
Land held for development | 79,355 | 110,374 |
Total real estate assets | 4,514,512 | 4,297,466 |
Less-accumulated depreciation | -1,033,106 | -985,244 |
Net real estate assets | 3,481,406 | 3,312,222 |
Real estate and other assets, net, held for sale | 1,038 | 0 |
Cash and cash equivalents | 8,832 | 10,184 |
Restricted cash | 14,595 | 14,169 |
Accounts receivable, net of allowance of $1,314 and $1,648, respectively | 48,557 | 26,430 |
Mortgages and notes receivable, net of allowance of $275 and $302, respectively | 13,116 | 26,409 |
Accrued straight-line rents receivable, net of allowance of $600 and $1,063, respectively | 142,037 | 126,014 |
Investments in and advances to unconsolidated affiliates | 27,071 | 29,901 |
Deferred financing and leasing costs, net of accumulated amortization of $112,804 and $92,220, respectively | 228,768 | 222,211 |
Prepaid expenses and other assets, net of accumulated amortization of $14,259 and $12,905, respectively | 39,489 | 39,561 |
Total Assets | 4,004,909 | 3,807,101 |
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital: | ||
Mortgages and notes payable | 2,071,389 | 1,956,299 |
Accounts payable, accrued expenses and other liabilities | 237,633 | 218,962 |
Financing obligations | 23,519 | 26,664 |
Total Liabilities | 2,332,541 | 2,201,925 |
Commitments and contingencies | ||
Noncontrolling interests in the Operating Partnership | 130,048 | 106,480 |
Equity/Capital: | ||
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 29,060 and 29,077 shares issued and outstanding, respectively | 29,060 | 29,077 |
Common Stock, $.01 par value, 200,000,000 authorized shares; 92,907,310 and 89,920,915 shares issued and outstanding, respectively | 929 | 899 |
Additional paid-in capital | 2,464,275 | 2,370,368 |
Distributions in excess of net income available for common stockholders | -966,141 | -920,433 |
Accumulated other comprehensive loss | -3,912 | -2,611 |
Total Stockholders’ Equity | 1,524,211 | 1,477,300 |
Noncontrolling interests in consolidated affiliates | 18,109 | 21,396 |
Total Equity/Capital: | 1,542,320 | 1,498,696 |
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital | 4,004,909 | 3,807,101 |
Highwoods Realty Limited Partnership [Member] | ||
Real estate assets, at cost: | ||
Land | 388,807 | 393,602 |
Buildings and tenant improvements | 3,840,379 | 3,748,869 |
Development in process | 205,971 | 44,621 |
Land held for development | 79,355 | 110,374 |
Total real estate assets | 4,514,512 | 4,297,466 |
Less-accumulated depreciation | -1,033,106 | -985,244 |
Net real estate assets | 3,481,406 | 3,312,222 |
Real estate and other assets, net, held for sale | 1,038 | 0 |
Cash and cash equivalents | 8,938 | 10,281 |
Restricted cash | 14,595 | 14,169 |
Accounts receivable, net of allowance of $1,314 and $1,648, respectively | 48,557 | 26,430 |
Mortgages and notes receivable, net of allowance of $275 and $302, respectively | 13,116 | 26,409 |
Accrued straight-line rents receivable, net of allowance of $600 and $1,063, respectively | 142,037 | 126,014 |
Investments in and advances to unconsolidated affiliates | 27,071 | 29,901 |
Deferred financing and leasing costs, net of accumulated amortization of $112,804 and $92,220, respectively | 228,768 | 222,211 |
Prepaid expenses and other assets, net of accumulated amortization of $14,259 and $12,905, respectively | 39,489 | 39,561 |
Total Assets | 4,005,015 | 3,807,198 |
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital: | ||
Mortgages and notes payable | 2,071,389 | 1,956,299 |
Accounts payable, accrued expenses and other liabilities | 237,547 | 218,887 |
Financing obligations | 23,519 | 26,664 |
Total Liabilities | 2,332,455 | 2,201,850 |
Commitments and contingencies | ||
Redeemable Operating Partnership Units: | ||
Common Units, 2,936,955 and 2,943,872 outstanding, respectively | 130,048 | 106,480 |
Series A Preferred Units (liquidation preference $1,000 per unit), 29,060 and 29,077 units issued and outstanding, respectively | 29,060 | 29,077 |
Total Redeemable Operating Partnership Units | 159,108 | 135,557 |
Equity/Capital: | ||
General partner Common Units, 954,355 and 924,560 outstanding, respectively | 14,990 | 14,508 |
Limited partner Common Units, 91,544,146 and 88,587,546 outstanding, respectively | 1,484,265 | 1,436,498 |
Accumulated other comprehensive loss | -3,912 | -2,611 |
Noncontrolling interests in consolidated affiliates | 18,109 | 21,396 |
Total Equity/Capital: | 1,513,452 | 1,469,791 |
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital | $4,005,015 | $3,807,198 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Assets: | ||
Accounts receivable allowance | $1,314 | $1,648 |
Mortgages and notes receivable allowance | 275 | 302 |
Accrued straight-line rents receivable allowance | 600 | 1,063 |
Deferred financing and leasing costs, accumulated amortization | 112,804 | 92,220 |
Prepaid expenses and other assets, accumulated amortization | 14,259 | 12,905 |
Equity/Capital: | ||
Preferred Stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred Stock, authorized shares (in shares) | 50,000,000 | 50,000,000 |
Preferred Stock, liquidation preference (in dollars per share) | $1,000 | $1,000 |
Preferred Stock, shares issued (in shares) | 29,060 | 29,077 |
Preferred Stock, shares outstanding (in shares) | 29,060 | 29,077 |
Common Stock, par value (in dollars per share) | $0.01 | $0.01 |
Common Stock, authorized shares (in shares) | 200,000,000 | 200,000,000 |
Common Stock, shares issued (in shares) | 92,907,310 | 89,920,915 |
Common Stock, shares outstanding (in shares) | 92,907,310 | 89,920,915 |
Highwoods Realty Limited Partnership [Member] | ||
Assets: | ||
Accounts receivable allowance | 1,314 | 1,648 |
Mortgages and notes receivable allowance | 275 | 302 |
Accrued straight-line rents receivable allowance | 600 | 1,063 |
Deferred financing and leasing costs, accumulated amortization | 112,804 | 92,220 |
Prepaid expenses and other assets, accumulated amortization | $14,259 | $12,905 |
Redeemable Operating Partnership Units: | ||
Redeemable Common Units, outstanding (in shares) | 2,936,955 | 2,943,872 |
Preferred Units liquidation preference (in dollars per share) | $1,000 | $1,000 |
Series A Preferred Units, issued (in shares) | 29,060 | 29,077 |
Series A Preferred Units, outstanding (in shares) | 29,060 | 29,077 |
Common Units: | ||
General partners' capital account, units outstanding (in shares) | 954,355 | 924,560 |
Limited partners' capital account, units outstanding (in shares) | 91,544,146 | 88,587,546 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Rental and other revenues | $608,468 | $556,810 | $485,046 | |||
Operating expenses: | ||||||
Rental property and other expenses | 225,504 | 203,344 | 176,744 | |||
Depreciation and amortization | 196,023 | 176,957 | 146,357 | |||
Impairments of real estate assets | 588 | 0 | 0 | |||
General and administrative | 36,223 | 37,193 | 37,377 | |||
Total operating expenses | 458,338 | 417,494 | 360,478 | |||
Interest expense: | ||||||
Contractual | 82,287 | 88,838 | 92,838 | |||
Amortization of deferred financing costs | 3,082 | 3,802 | 3,685 | |||
Financing obligations | 483 | 63 | -409 | |||
Total interest expense | 85,852 | 92,703 | 96,114 | |||
Other income: | ||||||
Interest and other income | 5,439 | 6,597 | 7,353 | |||
Losses on debt extinguishment | -308 | -199 | -973 | |||
Total other income | 5,131 | 6,398 | 6,380 | |||
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates | 69,409 | 53,011 | 34,834 | |||
Gains/(losses) on disposition of property | 44,352 | -3 | 0 | |||
Gains on for-sale residential condominiums | 0 | 0 | 444 | |||
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | 7,451 | 0 | |||
Equity in earnings of unconsolidated affiliates | 1,827 | 2,264 | 5,035 | |||
Income from continuing operations | 115,588 | 62,723 | 40,313 | |||
Discontinued operations: | ||||||
Income from discontinued operations | 0 | 6,776 | 14,467 | |||
Impairments of real estate assets | 0 | -2,194 | 0 | |||
Net gains on disposition of discontinued operations | 384 | 63,792 | 29,455 | |||
Total discontinued operations | 384 | 68,374 | 43,922 | |||
Net income | 115,972 | 131,097 | 84,235 | |||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -3,542 | -4,691 | -3,854 | |||
Net (income) attributable to noncontrolling interests in consolidated affiliates | -1,466 | -949 | -786 | |||
Dividends on Preferred Stock | -2,507 | -2,508 | -2,508 | |||
Net income available for common stockholders | 108,457 | 122,949 | 77,087 | |||
Earnings per Common Share - basic: | ||||||
Income from continuing operations available for common stockholders (in dollars per share) | $1.20 | $0.67 | $0.47 | |||
Income from discontinued operations available for common stockholders (in dollars per share) | $0 | $0.77 | $0.55 | |||
Net income available for common stockholders (in dollars per share) | $1.20 | $1.44 | $1.02 | |||
Weighted average Common Shares outstanding - basic (in shares) | 90,743 | 85,335 | 75,811 | |||
Earnings per Common Share - diluted: | ||||||
Income from continuing operations available for common stockholders (in dollars per share) | $1.19 | $0.67 | $0.47 | |||
Income from discontinued operations available for common stockholders (in dollars per share) | $0 | $0.77 | $0.55 | |||
Net income available for common stockholders (in dollars per share) | $1.19 | $1.44 | $1.02 | |||
Weighted average Common Shares outstanding - diluted (in shares) | 93,800 | [1],[2] | 88,836 | [1],[2] | 79,678 | [1],[2] |
Net income available for common stockholders: | ||||||
Income from continuing operations available for common stockholders | 108,085 | 57,081 | 35,252 | |||
Income from discontinued operations available for common stockholders | 372 | 65,868 | 41,835 | |||
Net income available for common stockholders | 108,457 | 122,949 | 77,087 | |||
Highwoods Realty Limited Partnership [Member] | ||||||
Rental and other revenues | 608,468 | 556,810 | 485,046 | |||
Operating expenses: | ||||||
Rental property and other expenses | 225,455 | 203,303 | 176,495 | |||
Depreciation and amortization | 196,023 | 176,957 | 146,357 | |||
Impairments of real estate assets | 588 | 0 | 0 | |||
General and administrative | 36,272 | 37,234 | 37,626 | |||
Total operating expenses | 458,338 | 417,494 | 360,478 | |||
Interest expense: | ||||||
Contractual | 82,287 | 88,838 | 92,838 | |||
Amortization of deferred financing costs | 3,082 | 3,802 | 3,685 | |||
Financing obligations | 483 | 63 | -409 | |||
Total interest expense | 85,852 | 92,703 | 96,114 | |||
Other income: | ||||||
Interest and other income | 5,439 | 6,597 | 7,353 | |||
Losses on debt extinguishment | -308 | -199 | -973 | |||
Total other income | 5,131 | 6,398 | 6,380 | |||
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates | 69,409 | 53,011 | 34,834 | |||
Gains/(losses) on disposition of property | 44,352 | -3 | 0 | |||
Gains on for-sale residential condominiums | 0 | 0 | 444 | |||
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | 7,451 | 0 | |||
Equity in earnings of unconsolidated affiliates | 1,827 | 2,213 | 5,095 | |||
Income from continuing operations | 115,588 | 62,672 | 40,373 | |||
Discontinued operations: | ||||||
Income from discontinued operations | 0 | 6,776 | 14,467 | |||
Impairments of real estate assets | 0 | -2,194 | 0 | |||
Net gains on disposition of discontinued operations | 384 | 63,792 | 29,455 | |||
Total discontinued operations | 384 | 68,374 | 43,922 | |||
Net income | 115,972 | 131,046 | 84,295 | |||
Net (income) attributable to noncontrolling interests in consolidated affiliates | -1,466 | -949 | -786 | |||
Distributions on Preferred Units | -2,507 | -2,508 | -2,508 | |||
Net income available for common unitholders | 111,999 | 127,589 | 81,001 | |||
Earnings per Common Unit - basic: | ||||||
Income from continuing operations available for common unitholders (in dollars per share) | $1.20 | $0.67 | $0.47 | |||
Income from discontinued operations available for common unitholders (in dollars per share) | $0 | $0.77 | $0.55 | |||
Net income available for common unitholders (in dollars per share) | $1.20 | $1.44 | $1.02 | |||
Weighted average Common Units outstanding - basic (in shares) | 93,272 | 88,313 | 79,147 | |||
Earnings per Common Unit - diluted: | ||||||
Income from continuing operations available for common unitholders (in dollars per share) | $1.20 | $0.67 | $0.47 | |||
Income from discontinued operations available for common unitholders (in dollars per share) | $0 | $0.77 | $0.55 | |||
Net income available for common unitholders (in dollars per share) | $1.20 | $1.44 | $1.02 | |||
Weighted average Common Units outstanding - diluted (in shares) | 93,391 | [1],[2] | 88,427 | [1],[2] | 79,269 | [1],[2] |
Net income available for common unitholders: | ||||||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||
Total discontinued operations | 384 | 68,374 | 43,922 | |||
Net income available for common unitholders | $111,999 | $127,589 | $81,001 | |||
[1] | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. | |||||
[2] | There were 0.3 million and 0.5 million options outstanding during the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014. |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Comprehensive income/(loss): | |||
Net income | $115,972 | $131,097 | $84,235 |
Other comprehensive income/(loss): | |||
Unrealized gains on tax increment financing bond | 584 | 869 | 411 |
Unrealized gains/(losses) on cash flow hedges | -5,662 | 5,778 | -10,358 |
Amortization of cash flow hedges | 3,777 | 3,370 | 3,053 |
Total other comprehensive income/(loss) | -1,301 | 10,017 | -6,894 |
Total comprehensive income | 114,671 | 141,114 | 77,341 |
Less-comprehensive (income) attributable to noncontrolling interests | -5,008 | -5,640 | -4,640 |
Comprehensive income attributable to common stockholders | 109,663 | 135,474 | 72,701 |
Highwoods Realty Limited Partnership [Member] | |||
Comprehensive income/(loss): | |||
Net income | 115,972 | 131,046 | 84,295 |
Other comprehensive income/(loss): | |||
Unrealized gains on tax increment financing bond | 584 | 869 | 411 |
Unrealized gains/(losses) on cash flow hedges | -5,662 | 5,778 | -10,358 |
Amortization of cash flow hedges | 3,777 | 3,370 | 3,053 |
Total other comprehensive income/(loss) | -1,301 | 10,017 | -6,894 |
Total comprehensive income | 114,671 | 141,063 | 77,401 |
Less-comprehensive (income) attributable to noncontrolling interests | -1,466 | -949 | -786 |
Comprehensive income attributable to common stockholders | $113,205 | $140,114 | $76,615 |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Highwoods Realty Limited Partnership [Member] | Common Stock [Member] | Series A Cumulative Redeemable Preferred Shares [Member] | General Partner Common Units [Member] | Limited Partner Common Units [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interests in Consolidated Affiliates [Member] | Noncontrolling Interests in Consolidated Affiliates [Member] | Distributions in Excess of Net Income Available for Common Stockholders [Member] |
In Thousands, except Share data, unless otherwise specified | Highwoods Realty Limited Partnership [Member] | Highwoods Realty Limited Partnership [Member] | Highwoods Realty Limited Partnership [Member] | Highwoods Realty Limited Partnership [Member] | ||||||||
Balance at Dec. 31, 2011 | $986,859 | $956,674 | $726 | $29,077 | $9,575 | $948,187 | $1,803,997 | ($5,734) | ($5,734) | $4,646 | $4,646 | ($845,853) |
Balance (in shares) at Dec. 31, 2011 | 72,647,697 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Issuances of Common Units, net of issuance costs and tax withholdings | 245,467 | 2,455 | 243,012 | 0 | 0 | |||||||
Distributions paid on Common Units | -134,291 | -1,343 | -132,948 | 0 | 0 | |||||||
Distributions paid on Preferred Units | -2,508 | -25 | -2,483 | 0 | 0 | |||||||
Issuances of Common Stock - Shares | 7,441,489 | |||||||||||
Issuances of Common Stock, net of issuance costs and tax withholdings | 243,168 | 74 | 0 | 243,094 | 0 | 0 | 0 | |||||
Conversion of Common Units to Common Stock - Shares | 63,366 | |||||||||||
Conversions of Common Units to Common Stock | 2,096 | 0 | 0 | 2,096 | 0 | 0 | 0 | |||||
Dividends on Common Stock | -128,652 | 0 | 0 | 0 | 0 | 0 | -128,652 | |||||
Dividends on Preferred Stock | -2,508 | 0 | 0 | 0 | 0 | 0 | -2,508 | |||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | -16,491 | 0 | 0 | -16,491 | 0 | 0 | 0 | |||||
Distributions to noncontrolling interests in consolidated affiliates | -679 | -679 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -679 | -679 | 0 |
Issuances of restricted stock - Shares | 158,885 | |||||||||||
Issuances of restricted stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Share-based compensation expense, net of forfeitures | 7,613 | 7,613 | 3 | 0 | 76 | 7,537 | 7,610 | 0 | 0 | 0 | 0 | 0 |
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner | -14,644 | -146 | -14,498 | 0 | 0 | |||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -3,854 | 0 | 0 | 0 | 0 | 0 | -3,854 | |||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | 0 | 0 | 0 | 0 | -8 | -778 | 0 | 0 | 0 | 786 | 786 | -786 |
Comprehensive income: | ||||||||||||
Net income | 84,235 | 84,295 | 0 | 0 | 843 | 83,452 | 0 | 0 | 0 | 0 | 0 | 84,235 |
Other comprehensive income/(loss) | -6,894 | -6,894 | 0 | 0 | 0 | 0 | 0 | -6,894 | -6,894 | 0 | 0 | 0 |
Total comprehensive income | 77,341 | 77,401 | ||||||||||
Balance at Dec. 31, 2012 | 1,164,893 | 1,135,033 | 803 | 29,077 | 11,427 | 1,131,481 | 2,040,306 | -12,628 | -12,628 | 4,753 | 4,753 | -897,418 |
Balance (in shares) at Dec. 31, 2012 | 80,311,437 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -581 | |||||||||||
Comprehensive income: | ||||||||||||
Net income | 13,760 | 13,707 | ||||||||||
Balance at Mar. 31, 2013 | ||||||||||||
Balance at Dec. 31, 2012 | 1,164,893 | 1,135,033 | 803 | 29,077 | 11,427 | 1,131,481 | 2,040,306 | -12,628 | -12,628 | 4,753 | 4,753 | -897,418 |
Balance (in shares) at Dec. 31, 2012 | 80,311,437 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Issuances of Common Units, net of issuance costs and tax withholdings | 305,846 | 3,058 | 302,788 | 0 | 0 | |||||||
Distributions paid on Common Units | -150,936 | -1,509 | -149,427 | 0 | 0 | |||||||
Distributions paid on Preferred Units | -2,508 | -25 | -2,483 | 0 | 0 | |||||||
Issuances of Common Stock - Shares | 8,670,517 | |||||||||||
Issuances of Common Stock, net of issuance costs and tax withholdings | 305,846 | 87 | 0 | 305,759 | 0 | 0 | 0 | |||||
Conversion of Common Units to Common Stock - Shares | 789,144 | |||||||||||
Conversions of Common Units to Common Stock | 28,788 | 0 | 0 | 28,788 | 0 | 0 | 0 | |||||
Dividends on Common Stock | -145,964 | 0 | 0 | 0 | 0 | 0 | -145,964 | |||||
Dividends on Preferred Stock | -2,508 | 0 | 0 | 0 | 0 | 0 | -2,508 | |||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | -11,375 | 0 | 0 | -11,375 | 0 | 0 | 0 | |||||
Distributions to noncontrolling interests in consolidated affiliates | -546 | -546 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -546 | -546 | 0 |
Contributions from noncontrolling interests in consolidated affiliates | 16,240 | 16,240 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,240 | 16,240 | 0 |
Issuances of restricted stock - Shares | 151,630 | |||||||||||
Issuances of restricted stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Share-based compensation expense, net of forfeitures - Shares | -1,813 | |||||||||||
Share-based compensation expense, net of forfeitures | 6,899 | 6,899 | 9 | 0 | 69 | 6,830 | 6,890 | 0 | 0 | 0 | 0 | 0 |
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner | 18,700 | 187 | 18,513 | 0 | 0 | |||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -4,691 | 0 | 0 | 0 | 0 | 0 | -4,691 | |||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | 0 | 0 | 0 | 0 | -9 | -940 | 0 | 0 | 0 | 949 | 949 | -949 |
Comprehensive income: | ||||||||||||
Net income | 131,097 | 131,046 | 0 | 0 | 1,310 | 129,736 | 0 | 0 | 0 | 0 | 0 | 131,097 |
Other comprehensive income/(loss) | 10,017 | 10,017 | 0 | 0 | 0 | 0 | 0 | 10,017 | 10,017 | 0 | 0 | 0 |
Total comprehensive income | 141,114 | 141,063 | ||||||||||
Balance at Dec. 31, 2013 | 1,498,696 | 1,469,791 | 899 | 29,077 | 14,508 | 1,436,498 | 2,370,368 | -2,611 | -2,611 | 21,396 | 21,396 | -920,433 |
Balance (in shares) at Dec. 31, 2013 | 89,920,915 | 89,920,915 | ||||||||||
Balance at Sep. 30, 2013 | ||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -978 | |||||||||||
Comprehensive income: | ||||||||||||
Net income | 31,690 | 31,690 | ||||||||||
Balance at Dec. 31, 2013 | 1,498,696 | 1,469,791 | ||||||||||
Balance (in shares) at Dec. 31, 2013 | 89,920,915 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -398 | |||||||||||
Comprehensive income: | ||||||||||||
Net income | 13,576 | 13,576 | ||||||||||
Balance at Mar. 31, 2014 | ||||||||||||
Balance at Dec. 31, 2013 | 1,498,696 | 1,469,791 | 899 | 29,077 | 14,508 | 1,436,498 | 2,370,368 | -2,611 | -2,611 | 21,396 | 21,396 | -920,433 |
Balance (in shares) at Dec. 31, 2013 | 89,920,915 | 89,920,915 | ||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Issuances of Common Units, net of issuance costs and tax withholdings | 112,624 | 1,126 | 111,498 | 0 | 0 | |||||||
Redemptions of Common Units | -93 | -1 | -92 | 0 | 0 | |||||||
Distributions paid on Common Units | -158,464 | -1,585 | -156,879 | 0 | 0 | |||||||
Distributions paid on Preferred Units | -2,507 | -25 | -2,482 | 0 | 0 | |||||||
Issuances of Common Stock - Shares | 2,812,477 | |||||||||||
Issuances of Common Stock, net of issuance costs and tax withholdings | 112,624 | 28 | 0 | 112,596 | 0 | 0 | 0 | |||||
Conversion of Common Units to Common Stock - Shares | 4,417 | |||||||||||
Conversions of Common Units to Common Stock | 162 | 0 | 0 | 162 | 0 | 0 | 0 | |||||
Dividends on Common Stock | -154,165 | 0 | 0 | 0 | 0 | 0 | -154,165 | |||||
Dividends on Preferred Stock | -2,507 | 0 | 0 | 0 | 0 | 0 | -2,507 | |||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | -25,275 | 0 | 0 | -25,275 | 0 | 0 | 0 | |||||
Acquisition of noncontrolling interest in consolidated affiliate | -4,126 | -4,126 | 0 | 0 | -5 | -508 | -513 | 0 | 0 | -3,613 | -3,613 | 0 |
Distributions to noncontrolling interests in consolidated affiliates | -1,140 | -1,140 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,140 | -1,140 | 0 |
Issuances of restricted stock - Shares | 169,501 | |||||||||||
Issuances of restricted stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Redemptions/repurchases of Preferred Stock | -17 | 0 | -17 | 0 | 0 | 0 | 0 | |||||
Share-based compensation expense, net of forfeitures | 6,939 | 6,939 | 2 | 69 | 6,870 | 6,937 | 0 | 0 | 0 | 0 | 0 | |
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner | -24,243 | -242 | -24,001 | 0 | 0 | |||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -3,542 | 0 | 0 | 0 | 0 | 0 | -3,542 | |||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | 0 | 0 | 0 | 0 | -15 | -1,451 | 0 | 0 | 0 | 1,466 | 1,466 | -1,466 |
Comprehensive income: | ||||||||||||
Net income | 115,972 | 115,972 | 0 | 0 | 1,160 | 114,812 | 0 | 0 | 0 | 0 | 0 | 115,972 |
Other comprehensive income/(loss) | -1,301 | -1,301 | 0 | 0 | 0 | 0 | 0 | -1,301 | -1,301 | 0 | 0 | 0 |
Total comprehensive income | 114,671 | 114,671 | ||||||||||
Balance at Dec. 31, 2014 | 1,542,320 | 1,513,452 | 929 | 29,060 | 14,990 | 1,484,265 | 2,464,275 | -3,912 | -3,912 | 18,109 | 18,109 | -966,141 |
Balance (in shares) at Dec. 31, 2014 | 92,907,310 | 92,907,310 | ||||||||||
Balance at Sep. 30, 2014 | ||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -729 | |||||||||||
Comprehensive income: | ||||||||||||
Net income | 23,585 | 23,585 | ||||||||||
Balance at Dec. 31, 2014 | $1,542,320 | $1,513,452 | ||||||||||
Balance (in shares) at Dec. 31, 2014 | 92,907,310 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Operating activities: | |||
Net income | $115,972 | $131,097 | $84,235 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 196,023 | 182,710 | 158,327 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 442 | 345 | 355 |
Share-based compensation expense | 6,939 | 6,899 | 7,613 |
Allowance for losses on accounts and accrued straight-line rents receivable | 2,182 | 1,516 | 1,059 |
Accrued interest on mortgages and notes receivable | -477 | -485 | 0 |
Amortization of deferred financing costs | 3,082 | 3,802 | 3,685 |
Amortization of cash flow hedges | 3,777 | 3,370 | 3,053 |
Amortization of mortgages and notes payable fair value adjustments | -788 | -1,825 | 0 |
Impairments of real estate assets | 588 | 2,194 | 0 |
Losses on debt extinguishment | 308 | 199 | 973 |
Net gains on disposition of property | -44,736 | -63,789 | -29,455 |
Gains on for-sale residential condominiums | 0 | 0 | -444 |
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | -7,451 | 0 |
Equity in earnings of unconsolidated affiliates | -1,827 | -2,264 | -5,035 |
Changes in financing obligations | -241 | -753 | -1,282 |
Distributions of earnings from unconsolidated affiliates | 2,687 | 3,985 | 4,618 |
Changes in operating assets and liabilities: | |||
Accounts receivable | -3,114 | -920 | 3,132 |
Prepaid expenses and other assets | -615 | 684 | -1,129 |
Accrued straight-line rents receivable | -21,685 | -18,253 | -17,919 |
Accounts payable, accrued expenses and other liabilities | 8,394 | 15,376 | -18,370 |
Net cash provided by operating activities | 266,911 | 256,437 | 193,416 |
Investing activities: | |||
Investments in acquired real estate and related intangible assets, net of cash acquired | -163,641 | -418,796 | -269,847 |
Investments in development in process | -183,873 | -34,474 | -13,288 |
Investments in tenant improvements and deferred leasing costs | -113,747 | -103,243 | -79,639 |
Investments in building improvements | -50,033 | -53,189 | -35,799 |
Investment in acquired noncontrolling interest in consolidated affiliate | -4,126 | 0 | 0 |
Investment in acquired controlling interest in unconsolidated affiliate | 0 | -32,818 | 0 |
Net proceeds from disposition of real estate assets | 172,442 | 254,022 | 152,456 |
Net proceeds from disposition of for-sale residential condominiums | 0 | 0 | 5,195 |
Distributions of capital from unconsolidated affiliates | 3,806 | 27,486 | 1,311 |
Investments in mortgages and notes receivable | -864 | -902 | -8,648 |
Repayments of mortgages and notes receivable | 17,239 | 405 | 1,776 |
Investments in and advances/repayments to/from unconsolidated affiliates | -6,489 | -429 | 8,291 |
Redemption of investment In unconsolidated affiliate | 4,660 | 0 | 0 |
Changes in restricted cash and other investing activities | -3,552 | 5,335 | -620 |
Net cash (used in) investing activities | -328,178 | -356,603 | -238,812 |
Financing activities: | |||
Dividends on Common Stock | -154,165 | -145,964 | -128,652 |
Redemptions/repurchases of Preferred Stock | -17 | 0 | 0 |
Redemptions of Common Units | -93 | 0 | 0 |
Dividends on Preferred Stock | -2,507 | -2,508 | -2,508 |
Distributions to noncontrolling interests in the Operating Partnership | -4,994 | -5,667 | -6,334 |
Distributions to noncontrolling interests in consolidated affiliates | -1,140 | -546 | -679 |
Proceeds from the issuance of Common Stock | 117,716 | 316,081 | 249,489 |
Costs paid for the issuance of Common Stock | -1,586 | -7,678 | -3,600 |
Repurchase of shares related to tax withholdings | -3,506 | -2,557 | -2,721 |
Borrowings on revolving credit facility | 506,900 | 837,000 | 524,100 |
Repayments of revolving credit facility | -513,600 | -644,300 | -863,100 |
Borrowings on mortgages and notes payable | 296,949 | 0 | 507,350 |
Repayments of mortgages and notes payable | -174,302 | -259,202 | -219,530 |
Borrowings on financing obligations | 0 | 0 | 1,839 |
Payments on financing obligations | -2,904 | -1,941 | -1,316 |
Payments of debt extinguishment costs | -369 | 0 | -908 |
Contributions from noncontrolling interests in consolidated affiliates | 0 | 16,240 | 0 |
Additions to deferred financing costs and other financing activities | -2,467 | -2,391 | -5,439 |
Net cash provided by financing activities | 59,915 | 96,567 | 47,991 |
Net increase/(decrease) in cash and cash equivalents | -1,352 | -3,599 | 2,595 |
Cash and cash equivalents at beginning of the period | 10,184 | 13,783 | 11,188 |
Cash and cash equivalents at end of the period | 8,832 | 10,184 | 13,783 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amounts capitalized | 83,086 | 85,919 | 93,547 |
Supplemental disclosure of non-cash investing and financing activities: | |||
Unrealized gains/(losses) on cash flow hedges | -5,662 | 5,778 | -10,358 |
Conversions of Common Units to Common Stock | 162 | 28,788 | 2,096 |
Changes in accrued capital expenditures | 5,283 | 18,384 | 8,116 |
Write-off of fully depreciated real estate assets | 42,633 | 31,008 | 48,978 |
Write-off of fully amortized deferred financing and leasing costs | 25,286 | 27,347 | 19,176 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 235 | 803 | 475 |
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 25,275 | 11,375 | 16,491 |
Unrealized gains on tax increment financing bond | 584 | 869 | 411 |
Assumption of mortgages and notes payable related to acquisition activities | 0 | 165,515 | 7,837 |
Reduction of advances to unconsolidated affiliates related to acquisition activities | 0 | 0 | 26,000 |
Issuances of Common Units to acquire real estate assets | 0 | 0 | 2,299 |
Reclass of aggregate differences between historical cost basis and the basis reflected at the joint venture level for assets acquired | 0 | 8,206 | 0 |
Contingent consideration in connection with the acquisition of land | 3,300 | 0 | 0 |
Option deposit applied upon acquisition of real estate assets | 0 | 5,000 | 0 |
Highwoods Realty Limited Partnership [Member] | |||
Operating activities: | |||
Net income | 115,972 | 131,046 | 84,295 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 196,023 | 182,710 | 158,327 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 442 | 345 | 355 |
Share-based compensation expense | 6,939 | 6,899 | 7,613 |
Allowance for losses on accounts and accrued straight-line rents receivable | 2,182 | 1,516 | 1,059 |
Accrued interest on mortgages and notes receivable | -477 | -485 | 0 |
Amortization of deferred financing costs | 3,082 | 3,802 | 3,685 |
Amortization of cash flow hedges | 3,777 | 3,370 | 3,053 |
Amortization of mortgages and notes payable fair value adjustments | -788 | -1,825 | 0 |
Impairments of real estate assets | 588 | 2,194 | 0 |
Losses on debt extinguishment | 308 | 199 | 973 |
Net gains on disposition of property | -44,736 | -63,789 | -29,455 |
Gains on for-sale residential condominiums | 0 | 0 | -444 |
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | -7,451 | 0 |
Equity in earnings of unconsolidated affiliates | -1,827 | -2,213 | -5,095 |
Changes in financing obligations | -241 | -753 | -1,282 |
Distributions of earnings from unconsolidated affiliates | 2,687 | 3,965 | 4,592 |
Changes in operating assets and liabilities: | |||
Accounts receivable | -3,114 | -920 | 3,132 |
Prepaid expenses and other assets | -615 | 684 | -1,129 |
Accrued straight-line rents receivable | -21,685 | -18,253 | -17,919 |
Accounts payable, accrued expenses and other liabilities | 8,383 | 15,421 | -18,490 |
Net cash provided by operating activities | 266,900 | 256,462 | 193,270 |
Investing activities: | |||
Investments in acquired real estate and related intangible assets, net of cash acquired | -163,641 | -418,796 | -269,847 |
Investments in development in process | -183,873 | -34,474 | -13,288 |
Investments in tenant improvements and deferred leasing costs | -113,747 | -103,243 | -79,639 |
Investments in building improvements | -50,033 | -53,189 | -35,799 |
Investment in acquired noncontrolling interest in consolidated affiliate | -4,126 | 0 | 0 |
Investment in acquired controlling interest in unconsolidated affiliate | 0 | -32,818 | 0 |
Net proceeds from disposition of real estate assets | 172,442 | 254,022 | 152,456 |
Net proceeds from disposition of for-sale residential condominiums | 0 | 0 | 5,195 |
Distributions of capital from unconsolidated affiliates | 3,806 | 27,486 | 1,311 |
Investments in mortgages and notes receivable | -864 | -902 | -8,648 |
Repayments of mortgages and notes receivable | 17,239 | 405 | 1,776 |
Investments in and advances/repayments to/from unconsolidated affiliates | -6,489 | -429 | 8,291 |
Redemption of investment In unconsolidated affiliate | 4,660 | 0 | 0 |
Changes in restricted cash and other investing activities | -3,552 | 5,335 | -620 |
Net cash (used in) investing activities | -328,178 | -356,603 | -238,812 |
Financing activities: | |||
Distributions on Common Units | -158,464 | -150,936 | -134,291 |
Redemptions/repurchases of Preferred Units | -17 | 0 | 0 |
Redemptions of Common Units | -93 | 0 | 0 |
Distributions on Preferred Units | -2,507 | -2,508 | -2,508 |
Distributions to noncontrolling interests in consolidated affiliates | -1,140 | -546 | -679 |
Proceeds from the issuance of Common Units | 117,716 | 316,081 | 249,489 |
Costs paid for the issuance of Common Units | -1,586 | -7,678 | -3,600 |
Repurchase of units related to tax withholdings | -3,506 | -2,557 | -2,721 |
Borrowings on revolving credit facility | 506,900 | 837,000 | 524,100 |
Repayments of revolving credit facility | -513,600 | -644,300 | -863,100 |
Borrowings on mortgages and notes payable | 296,949 | 0 | 507,350 |
Repayments of mortgages and notes payable | -174,302 | -259,202 | -219,530 |
Borrowings on financing obligations | 0 | 0 | 1,839 |
Payments on financing obligations | -2,904 | -1,941 | -1,316 |
Payments of debt extinguishment costs | -369 | 0 | -908 |
Contributions from noncontrolling interests in consolidated affiliates | 0 | 16,240 | 0 |
Additions to deferred financing costs and other financing activities | -3,142 | -3,098 | -5,867 |
Net cash provided by financing activities | 59,935 | 96,555 | 48,258 |
Net increase/(decrease) in cash and cash equivalents | -1,343 | -3,586 | 2,716 |
Cash and cash equivalents at beginning of the period | 10,281 | 13,867 | 11,151 |
Cash and cash equivalents at end of the period | 8,938 | 10,281 | 13,867 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amounts capitalized | 83,086 | 85,919 | 93,547 |
Supplemental disclosure of non-cash investing and financing activities: | |||
Unrealized gains/(losses) on cash flow hedges | -5,662 | 5,778 | -10,358 |
Changes in accrued capital expenditures | 5,283 | 18,384 | 8,116 |
Write-off of fully depreciated real estate assets | 42,633 | 31,008 | 48,978 |
Write-off of fully amortized deferred financing and leasing costs | 25,286 | 27,347 | 19,176 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 235 | 803 | 475 |
Adjustment of Redeemable Common Units to fair value | 23,568 | -18,389 | 11,915 |
Unrealized gains on tax increment financing bond | 584 | 869 | 411 |
Assumption of mortgages and notes payable related to acquisition activities | 0 | 165,515 | 7,837 |
Reduction of advances to unconsolidated affiliates related to acquisition activities | 0 | 0 | 26,000 |
Issuances of Common Units to acquire real estate assets | 0 | 0 | 2,299 |
Reclass of aggregate differences between historical cost basis and the basis reflected at the joint venture level for assets acquired | 0 | 8,206 | 0 |
Contingent consideration in connection with the acquisition of land | 3,300 | 0 | 0 |
Option deposit applied upon acquisition of real estate assets | $0 | $5,000 | $0 |
Description_of_Business_and_Si
Description of Business and Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business and Significant Accounting Policies | Description of Business and Significant Accounting Policies |
Description of Business | |
Highwoods Properties, Inc. (the “Company”) is a fully-integrated real estate investment trust (“REIT”) that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the “Operating Partnership”). At December 31, 2014, we owned or had an interest in 31.2 million rentable square feet of in-service properties, 1.7 million rentable square feet of properties under development and approximately 500 acres of development land. | |
The Company is the sole general partner of the Operating Partnership. At December 31, 2014, the Company owned all of the Preferred Units and 92.5 million, or 96.9%, of the Common Units in the Operating Partnership. Limited partners own the remaining 2.9 million Common Units. In the event the Company issues shares of Common Stock, the net proceeds of the issuance are contributed to the Operating Partnership in exchange for additional Common Units. Generally, the Operating Partnership is obligated to redeem each Common Unit at the request of the holder thereof for cash equal to the value of one share of Common Stock based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company, at its option, may elect to acquire any such Common Units presented for redemption for cash or one share of Common Stock. The Common Units owned by the Company are not redeemable. During 2014, the Company redeemed 2,500 Common Units for less than $0.1 million in cash and redeemed 4,417 Common Units for a like number of shares of Common Stock. As a result of this activity, in conjunction with the proceeds from issuances of Common Stock (see Note 12), the percentage of Common Units owned by the Company increased from 96.8% at December 31, 2013 to 96.9% at December 31, 2014. | |
Basis of Presentation | |
Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Our Consolidated Statement of Income for the year ended December 31, 2012 was retrospectively revised from previously reported amounts to reflect in discontinued operations the operations for those properties classified as discontinued operations. | |
The Company's Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those entities in which the Company has the controlling interest. The Operating Partnership's Consolidated Financial Statements include wholly owned subsidiaries and those entities in which the Operating Partnership has the controlling interest. We consolidate partnerships, joint ventures and limited liability companies when we control the major operating and financial policies of the entity through majority ownership or in our capacity as general partner or managing member. Four of the 50.0% or less owned in-service office properties in two joint ventures are consolidated. In addition, we consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At December 31, 2014 and 2013, we had involvement with, but are not the primary beneficiary in, an entity that we concluded to be a variable interest entity (see Note 3). All intercompany transactions and accounts have been eliminated. | |
Use of Estimates | |
The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates. | |
1. Description of Business and Significant Accounting Policies – Continued | |
Real Estate and Related Assets | |
Real estate and related assets are recorded at cost and stated at cost less accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of 40 years for buildings and depreciable land infrastructure costs, 15 years for building improvements and five to seven years for furniture, fixtures and equipment. Tenant improvements are amortized using the straight-line method over initial fixed terms of the respective leases, which generally are from three to 10 years. Depreciation expense for real estate assets was $154.4 million, $138.2 million and $118.2 million for the years ended December 31, 2014, 2013 and 2012, respectively. | |
Expenditures directly related to the development and construction of real estate assets are included in net real estate assets and are stated at depreciated cost. Development expenditures include pre-construction costs essential to the development of properties, development and construction costs, interest costs on qualifying assets, real estate taxes, development personnel salaries and related costs and other costs incurred during the period of development. Interest and other carrying costs are capitalized until the building is ready for its intended use, but not later than a year from cessation of major construction activity. We consider a construction project as substantially completed and ready for its intended use upon the completion of tenant improvements. We cease capitalization on the portion that is substantially completed and occupied or held available for occupancy, and capitalize only those costs associated with the portion under construction. | |
Expenditures directly related to the leasing of properties are included in deferred financing and leasing costs and are stated at amortized cost. Such expenditures are part of the investment necessary to execute leases and, therefore, are classified as investment activities in the statement of cash flows. All leasing commissions paid to third parties for new leases or lease renewals are capitalized. Internal leasing costs, which consist primarily of compensation, benefits and other costs, such as legal fees related to leasing activities, that are incurred in connection with successfully obtaining leases of properties are also capitalized. Capitalized leasing costs are amortized on a straight-line basis over the initial fixed terms of the respective leases, which generally are from three to 10 years. Estimated costs related to unsuccessful activities are expensed as incurred. | |
We record liabilities for the performance of asset retirement activities when the obligation to perform such activities is probable even when uncertainty exists about the timing and/or method of settlement. | |
Upon the acquisition of real estate assets, we assess the fair value of acquired tangible assets such as land, buildings and tenant improvements, intangible assets and liabilities such as above and below market leases, acquired in-place leases, customer relationships and other identifiable intangible assets and assumed liabilities. We assess fair value based on estimated cash flow projections that utilize discount and/or capitalization rates as well as available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. | |
The above and below market rate portions of leases acquired in connection with property acquisitions are recorded in deferred financing and leasing costs and in accounts payable, accrued expenses and other liabilities, respectively, at fair value and amortized into rental revenue over the remaining term of the respective leases as described below. Fair value is calculated as the present value of the difference between (1) the contractual amounts to be paid pursuant to each in-place lease and (2) our estimate of fair market lease rates for each corresponding in-place lease, using a discount rate that reflects the risks associated with the leases acquired and measured over a period equal to the remaining initial term of the lease for above-market leases and the remaining initial term plus the term of any renewal option that the customer would be economically compelled to exercise for below-market leases. | |
In-place leases acquired are recorded at fair value in deferred financing and leasing costs and are amortized to depreciation and amortization expense over the remaining term of the respective lease. The value of in-place leases is based on our evaluation of the specific characteristics of each customer's lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, current market conditions, the customer's credit quality and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider tenant improvements, leasing commissions and legal and other related expenses. | |
1. Description of Business and Significant Accounting Policies – Continued | |
Real estate and other assets are classified as long-lived assets held for use or as long-lived assets held for sale. Real estate is classified as held for sale when the sale of the asset has been duly approved by the Company, a legally enforceable contract has been executed and the buyer's due diligence period, if any, has expired. | |
Impairments of Real Estate Assets and Investments in Unconsolidated Affiliates | |
With respect to assets classified as held for use, we perform an impairment analysis if events or changes in circumstances indicate that the carrying value may be impaired, such as a significant decline in occupancy, identification of materially adverse legal or environmental factors, change in our designation of an asset from core to non-core, which may impact the anticipated holding period, or a decline in market value to an amount less than cost. This analysis is generally performed at the property level, except when an asset is part of an interdependent group such as an office park, and consists of determining whether the asset's carrying amount will be recovered from its undiscounted estimated future operating and residual cash flows. These cash flows are estimated based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for customers, changes in market rental rates, costs to operate each property and expected ownership periods. For properties under development, the cash flows are based on expected service potential of the asset or asset group when development is substantially complete. | |
If the carrying amount of a held for use asset exceeds the sum of its undiscounted future operating and residual cash flows, an impairment loss is recorded for the difference between estimated fair value of the asset and the carrying amount. We generally estimate the fair value of assets held for use by using discounted cash flow analyses. In some instances, appraisal information may be available and is used in addition to a discounted cash flow analysis. As the factors used in generating these cash flows are difficult to predict and are subject to future events that may alter our assumptions, the discounted and/or undiscounted future operating and residual cash flows estimated by us in our impairment analyses or those established by appraisal may not be achieved and we may be required to recognize future impairment losses on properties held for use. | |
We record assets held for sale at the lower of the carrying amount or estimated fair value. Fair value of assets held for sale is equal to the estimated or contracted sales price with a potential buyer, less costs to sell. The impairment loss is the amount by which the carrying amount exceeds the estimated fair value. | |
We also analyze our investments in unconsolidated affiliates for impairment. This analysis consists of determining whether an expected loss in market value of an investment is other than temporary by evaluating the length of time and the extent to which the market value has been less than cost, the financial condition and near-term prospects of the unconsolidated affiliate, and our intent and ability to retain our investment for a period of time sufficient to allow for any anticipated recovery in market value. As the factors used in this analysis are difficult to predict and are subject to future events that may alter our assumptions, we may be required to recognize future impairment losses on our investments in unconsolidated affiliates. | |
Sales of Real Estate | |
For sales transactions meeting the requirements for full profit recognition, the related assets and liabilities are removed from the balance sheet and the resultant gain or loss is recorded in the period the transaction closes. For sales transactions with continuing involvement after the sale, if the continuing involvement with the property is limited by the terms of the sales contract, profit is recognized at the time of sale and is reduced by the maximum exposure to loss related to the nature of the continuing involvement. Sales to entities in which we have or receive an interest are accounted for using partial sale accounting. | |
For transactions that do not meet the criteria for a sale, we evaluate the nature of the continuing involvement, including put and call provisions, if present, and account for the transaction as a financing arrangement, profit-sharing arrangement, leasing arrangement or other alternate method of accounting, rather than as a sale, based on the nature and extent of the continuing involvement. Some transactions may have numerous forms of continuing involvement. In those cases, we determine which method is most appropriate based on the substance of the transaction. | |
1. Description of Business and Significant Accounting Policies – Continued | |
Rental and Other Revenues | |
Minimum contractual rents from leases are recognized on a straight-line basis over the terms of the respective leases. This means that, with respect to a particular lease, actual amounts billed in accordance with the lease during any given period may be higher or lower than the amount of rental revenue recognized for the period. Straight-line rental revenue is commenced when the customer assumes control of the leased premises. Accrued straight-line rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Contingent rental revenue, such as percentage rent, is accrued when the contingency is removed. Termination fee income is recognized at the later of when the customer has vacated the space or the lease has expired and a fully executed lease termination agreement has been delivered, the amount of the fee is determinable and collectability of the fee is reasonably assured. Rental revenue reductions related to co-tenancy lease provisions, if any, are accrued when events have occurred that trigger such provisions. | |
Cost recovery income is determined on a calendar year and a lease-by-lease basis. The most common types of cost recovery income in our leases are common area maintenance (“CAM”) and real estate taxes, for which a customer typically pays its pro-rata share of operating and administrative expenses and real estate taxes in excess of the costs incurred during a contractually specified base year. The computation of cost recovery income is complex and involves numerous judgments, including the interpretation of lease provisions. Leases are not uniform in dealing with such cost recovery income and there are many variations in the computation. Many customers make monthly fixed payments of CAM, real estate taxes and other cost reimbursement items. We accrue income related to these payments each month. We make quarterly accrual adjustments, positive or negative, to cost recovery income to adjust the recorded amounts to our best estimate of the final annual amounts to be billed and collected. After the end of the calendar year, we compute each customer's final cost recovery income and, after considering amounts paid by the customer during the year, issue a bill or credit for the appropriate amount to the customer. The differences between the amounts billed less previously received payments and the accrual adjustment are recorded as increases or decreases to cost recovery income when the final bills are prepared, which occurs during the first half of the subsequent year. | |
Allowance for Doubtful Accounts | |
Accounts receivable, accrued straight-line rents receivable and mortgages and notes receivable are reduced by an allowance for amounts that may become uncollectible in the future. We regularly evaluate the adequacy of our allowance for doubtful accounts. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of our customer, historical trends of the customer and changes in customer payment terms. Additionally, with respect to customers in bankruptcy, we estimate the probable recovery through bankruptcy claims and adjust the allowance for amounts deemed uncollectible. If our assumptions regarding the collectability of receivables prove incorrect, we could experience losses in excess of our allowance for doubtful accounts. The allowance and its related receivable are written-off when we have concluded there is a low probability of collection and we have discontinued collection efforts. | |
Lease Incentives | |
Lease incentive costs, which are payments made to or on behalf of a customer as an incentive to sign a lease, are capitalized in deferred financing and leasing costs and amortized on a straight-line basis over the respective lease terms as a reduction of rental revenues. | |
Investments in Unconsolidated Affiliates | |
We account for our investments in less than majority owned joint ventures, partnerships and limited liability companies using the equity method of accounting when our interests represent a general partnership interest but substantive participating rights or substantive kick out rights have been granted to the limited partners or when our interests do not represent a general partnership interest and we do not control the major operating and financial policies of the entity. These investments are initially recorded at cost in investments in unconsolidated affiliates and are subsequently adjusted for our share of earnings and cash contributions and distributions. To the extent our cost basis at formation of the joint venture is different than the basis reflected at the joint venture level, the basis difference is amortized over the life of the related assets and included in our share of equity in earnings of unconsolidated affiliates. | |
1. Description of Business and Significant Accounting Policies – Continued | |
Cash Equivalents | |
We consider highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. | |
Restricted Cash | |
Restricted cash represents cash deposits that are legally restricted or held by third parties on our behalf, such as construction-related escrows, property disposition proceeds set aside and designated or intended to fund future tax-deferred exchanges of qualifying real estate investments, escrows and reserves for debt service, real estate taxes and property insurance established pursuant to certain mortgage financing arrangements and any deposits made with lenders to unencumber secured properties. | |
Redeemable Common Units and Preferred Units | |
Limited partners holding Common Units other than the Company (“Redeemable Common Units”) have the right to put any and all of the Common Units to the Operating Partnership and the Company has the right to put any and all of the Preferred Units to the Operating Partnership in exchange for their liquidation preference plus accrued and unpaid distributions in the event of a corresponding redemption by the Company of the underlying Preferred Stock. Consequently, these Redeemable Common Units and Preferred Units are classified outside of permanent partners’ capital in the Operating Partnership's accompanying balance sheets. The recorded value of the Redeemable Common Units is based on fair value at the balance sheet date as measured by the closing price of Common Stock on that date multiplied by the total number of Redeemable Common Units outstanding. The recorded value of the Preferred Units is based on their redemption value. | |
Income Taxes | |
The Company has elected and expects to continue to qualify as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”). A corporate REIT is a legal entity that holds real estate assets and, through the payment of dividends to stockholders, is generally permitted to reduce or avoid the payment of federal and state income taxes at the corporate level. To maintain qualification as a REIT, the Company is required to pay dividends to its stockholders equal to at least 90.0% of its annual REIT taxable income, excluding net capital gains. The partnership agreement requires the Operating Partnership to pay economically equivalent distributions on outstanding Common Units at the same time that the Company pays dividends on its outstanding Common Stock. | |
Other than income taxes related to its taxable REIT subsidiary, the Operating Partnership does not reflect any federal income taxes in its financial statements, since as a partnership the taxable effects of its operations are attributed to its partners. The Operating Partnership does record state income tax for states that tax partnership income directly. | |
We conduct certain business activities through a taxable REIT subsidiary, as permitted under the Code. The taxable REIT subsidiary is subject to federal, state and local income taxes on its taxable income. We record provisions for income taxes based on its income recognized for financial statement purposes, including the effects of temporary differences between such income and the amount recognized for tax purposes. | |
Concentration of Credit Risk | |
At December 31, 2014, properties that we wholly own were leased to 1,767 customers. The geographic locations that comprise greater than 10.0% of our rental and other revenues are Raleigh, NC, Atlanta, GA, Tampa, FL and Nashville, TN. Our customers engage in a wide variety of businesses. No single customer of the properties that we wholly own generated more than 7.0% of our consolidated revenues during 2014. | |
We maintain our cash and cash equivalents and our restricted cash at financial or other intermediary institutions. The combined account balances at each institution may exceed FDIC insurance coverage and, as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. Additionally, from time to time in connection with tax-deferred 1031 transactions, our restricted cash balances may be commingled with other funds being held by any such intermediary institution, which would subject our balance to the credit risk of the institution. | |
1. Description of Business and Significant Accounting Policies – Continued | |
Derivative Financial Instruments | |
We borrow funds at a combination of fixed and variable rates. Borrowings under our revolving credit facility and bank term loans bear interest at variable rates. Our long-term debt typically bears interest at fixed rates. Our interest rate risk management objectives are to limit generally the impact of interest rate changes on earnings and cash flows and to lower our overall borrowing costs. To achieve these objectives, from time to time, we enter into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate our interest rate risk with respect to various debt instruments. We generally do not hold or issue these derivative contracts for trading or speculative purposes. The interest rate on all of our variable rate debt is generally adjusted at one or three month intervals, subject to settlements under these interest rate hedge contracts. | |
Interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive loss ("AOCL") and is subsequently reclassified into interest expense in the period that the hedged forecasted transaction affects earnings. | |
We account for terminated derivative instruments by recognizing the related accumulated comprehensive income/loss balance in current earnings, unless the hedged forecasted transaction continues as originally planned, in which case we continue to amortize the accumulated comprehensive income/loss into earnings over the originally designated hedge period. | |
Earnings Per Share and Per Unit | |
Basic earnings per share of the Company is computed by dividing net income available for common stockholders by the weighted Common Shares outstanding - basic. Diluted earnings per share is computed by dividing net income available to common stockholders plus noncontrolling interests in the Operating Partnership by the weighted Common Shares outstanding - basic plus the dilutive effect of options, warrants and convertible securities outstanding, including Common Units, using the treasury stock method. Weighted Common Shares outstanding - basic includes all unvested restricted stock where dividends received on such restricted stock are non-forfeitable. | |
Basic earnings per unit of the Operating Partnership is computed by dividing net income available for common unitholders by the weighted Common Units outstanding - basic. Diluted earnings per unit is computed by dividing net income available to common unitholders by the weighted Common Units outstanding - basic plus the dilutive effect of options and warrants, using the treasury stock method. Weighted Common Units outstanding - basic includes all of the Company's unvested restricted stock where dividends received on such restricted stock are non-forfeitable. | |
Recently Issued Accounting Standards | |
The Financial Accounting Standards Board ("FASB") recently issued an accounting standard update that requires only those real estate asset sales representing a strategic shift in operations (e.g., a disposal of a major geographic area or a major line of business) to be reflected in discontinued operations. This accounting standard update is required to be adopted in 2015. Early adoption is permitted, but only for real estate asset sales that have not been previously reflected as discontinued operations. We elected to early adopt the accounting standard update in the second quarter of 2014, resulting in the operations of current period dispositions and property classified as held for sale being included in continuing operations on our Consolidated Statements of Income. Prior to adoption, we were generally required to reflect all real estate asset sales as discontinued operations, which required reclassification of the earnings of the sold assets from continuing operations for all periods presented. | |
The FASB recently issued an accounting standard update that requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that we identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when we satisfy the performance obligations. We will also be required to disclose information regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The accounting standard update is required to be adopted in 2017. Retrospective application is required either to all periods presented or with the cumulative effect of initial adoption recognized in the period of adoption. We are in the process of evaluating this accounting standard update. |
Real_Estate_Assets
Real Estate Assets | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Real Estate [Abstract] | ||||
Real Estate Assets | Real Estate Assets | |||
Acquisitions | ||||
During 2014, we acquired: | ||||
• | an office property in Orlando, FL encompassing 246,000 rentable square feet for a purchase price of $67.4 million; | |||
• | our partner's 50.0% interest in an office property owned by our consolidated Highwoods-Markel Associates, LLC joint venture in Richmond, VA encompassing 66,000 rentable square feet for a purchase price of $4.2 million, which is recorded as acquisition of noncontrolling interest in consolidated affiliate; | |||
• | a land parcel in Nashville, TN for a purchase price and related transaction costs of $15.8 million (including contingent consideration of $3.3 million); and | |||
• | an office property in Raleigh, NC encompassing 374,000 rentable square feet for a purchase price of $83.8 million. | |||
We expensed $0.5 million of acquisition costs (included in general and administrative expenses) in 2014 related to these acquisitions. The assets acquired and liabilities assumed were recorded at fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations. | ||||
During 2013, we acquired: | ||||
• | our joint venture partner's 60.0% interest in our HIW-KC Orlando, LLC joint venture, which owned five office properties in Orlando, FL encompassing 1.3 million rentable square feet, for a net purchase price of $112.8 million. We previously accounted for our 40.0% interest in this joint venture using the equity method of accounting. The assets and liabilities of the joint venture are now wholly owned and are recorded in our Consolidated Financial Statements, including assets recorded at fair value of $188.0 million and secured debt recorded at fair value of $127.9 million, with an effective interest rate of 3.11%. This debt has since been repaid. As a result of acquiring a controlling interest in this joint venture, our previously held equity interest was remeasured at a fair value of $75.2 million resulting in a gain of $7.5 million, which represents the difference between the fair market value of our previously held equity interest and the carrying value of our investment on the date of acquisition. The fair market value of our previously held equity interest was determined by management based on information available at the acquisition date and on current assumptions as to future operations; | |||
• | an office property in Nashville, TN encompassing 520,000 rentable square feet for a net purchase price of $150.1 million; | |||
• | our Highwoods DLF 97/26 DLF 99/32, LP joint venture partner's 57.0% interest in two office properties in Atlanta, GA encompassing 505,000 rentable square feet for a net purchase price of $44.5 million, including the assumption of secured debt recorded at fair value of $37.6 million, with an effective interest rate of 3.34%. This debt has since been repaid; | |||
• | an office property in Atlanta, GA encompassing 553,000 rentable square feet for a purchase price of $140.1 million; | |||
• | two office properties in Tampa, FL encompassing 372,000 rentable square feet for a purchase price of $52.5 million; | |||
• | two office properties in Greensboro, NC encompassing 195,000 rentable square feet for a purchase price of $30.8 million; and | |||
• | a land parcel in Memphis, TN for a purchase price of $4.8 million. | |||
We expensed $1.8 million of acquisition costs (included in general and administrative expenses) in 2013 related to these acquisitions. The assets acquired and liabilities assumed were recorded at fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations. | ||||
2. Real Estate Assets - Continued | ||||
The following table sets forth a summary of the fair value of the major assets acquired and liabilities assumed relating to the 2013 acquisitions in Orlando, FL and Nashville, TN and the 553,000 rentable square foot office property in Atlanta, GA discussed in the preceding paragraphs: | ||||
Total | ||||
Purchase Price Allocation | ||||
Real estate assets | $ | 445,396 | ||
Acquisition-related intangible assets (in deferred financing and leasing costs) | 50,595 | |||
Mortgages and notes payable | (127,891 | ) | ||
Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities) | (17,818 | ) | ||
Total allocation | $ | 350,282 | ||
The following table sets forth our revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations, acquisition costs and equity in earnings of unconsolidated affiliates previously recognized as income assuming the Orlando, FL, Nashville, TN and Atlanta, GA acquisitions discussed in the preceding paragraph had been completed as of January 1, 2012: | ||||
Year Ended December 31, | ||||
2013 | ||||
(unaudited) | ||||
Pro forma revenues | $ | 593,778 | ||
Pro forma net income | $ | 121,754 | ||
Pro forma earnings per share - basic | $ | 1.33 | ||
Pro forma earnings per share - diluted | $ | 1.33 | ||
The 2013 acquisitions in Orlando, FL, Nashville, TN and Atlanta, GA discussed in the preceding paragraphs resulted in revenues of $25.0 million and net losses of $0.2 million recorded in the Consolidated Statements of Income for the year ended December 31, 2013. | ||||
During 2012, we acquired: | ||||
• | a 492,000 rentable square foot office property in Atlanta, GA for a purchase price of $144.9 million; | |||
• | a 616,000 rentable square foot office property in Pittsburgh, PA for a purchase price of $91.2 million; | |||
• | three medical office properties in Greensboro, NC for a purchase price of $29.6 million, which consisted of the issuance of 66,864 Common Units to noncontrolling interests, contingent consideration with fair value at the acquisition date of $0.7 million, and the assumption of secured debt recorded at fair value of $7.9 million, with an effective interest rate of 4.06%. This debt has since been repaid; | |||
• | a 178,300 rentable square foot office property in Cary, NC from our Highwoods DLF 98/29, LLC joint venture for an agreed upon value of $26.0 million, the net proceeds of which were used to reduce the balance of the advance due to us from the joint venture; and | |||
• | a land parcel currently zoned for 1.3 million rentable square feet of future office development in Nashville, TN for a purchase price of $15.0 million. | |||
We expensed $1.5 million of acquisition costs (included in general and administrative expenses) in 2012 related to these acquisitions. The assets acquired and liabilities assumed were recorded at fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations. | ||||
2. Real Estate Assets - Continued | ||||
Dispositions | ||||
During 2014, we sold: | ||||
• | an office property in Winston-Salem, NC for a sale price of $9.9 million (before closing credits to buyer of $1.6 million for unfunded building and tenant improvements and $0.7 million for free rent) and recorded a loss on disposition of property of $0.1 million; | |||
• | two land parcels in Raleigh, NC for a sale price of $1.7 million and recorded a gain on disposition of property of $0.5 million; | |||
• | an industrial property and a land parcel in Atlanta, GA for a sale price of $11.4 million and recorded a gain on disposition of property of $1.7 million; | |||
• | five office properties and a land parcel in a single transaction in Raleigh, NC for a sale price of $58.7 million and recorded a gain on disposition of property of $11.7 million; | |||
• | 11 office properties in Richmond, VA in separate transactions for an aggregate sale price of $40.7 million and recorded aggregate gains on disposition of property of $17.6 million; | |||
• | six office and eight industrial properties in Greensboro, NC for a sale price of $28.2 million (before closing credits to buyer of $1.2 million for unfunded tenant improvements and $0.4 million for free rent) and recorded a gain on disposition of property of $4.7 million; | |||
• | an office property in Greenville, SC for a sale price of $27.2 million (before closing credits to buyer of $5.8 million for unfunded building and tenant improvements and $1.8 million for free rent) and recorded a gain on disposition of property of $2.2 million; and | |||
• | two land parcels in Atlanta, GA in separate transactions for an aggregate sale price of $9.5 million and recorded aggregate gains on disposition of property of $5.9 million. | |||
During 2013, we sold: | ||||
• | eight office properties in Greenville, SC for a sale price of $57.9 million (before $0.1 million in closing credits to buyer for unfunded tenant improvements and after $0.3 million in closing credits to buyer for free rent) and recorded a gain on disposition of discontinued operations of $3.1 million; | |||
• | an office property in Tampa, FL for a sale price of $11.5 million (before $0.6 million in closing credits to buyer for unfunded tenant improvements) and recorded a gain on disposition of discontinued operations of $2.8 million; | |||
• | an office property in Atlanta, GA for a sale price of $13.8 million and recorded a gain on disposition of discontinued operations of $3.0 million; | |||
• | four office properties in Winston-Salem, NC for a sale price of $6.2 million and recorded a gain on disposition of discontinued operations of $0.1 million; | |||
• | an office property in Winston-Salem, NC for a sale price of $5.3 million and recorded a gain on disposition of discontinued operations of $2.5 million; | |||
• | an office property in Tampa, FL for a sale price of $11.6 million and recorded a gain on disposition of discontinued operations of $1.2 million; | |||
2. Real Estate Assets - Continued | ||||
• | 16 industrial properties and a land parcel in a single transaction in Atlanta, GA for a sale price of $91.6 million (before $0.3 million in closing credits to buyer for unfunded tenant improvements and after $0.3 million in closing credits to buyer for free rent). We recorded gains on disposition of discontinued operations of $36.7 million related to the industrial properties and a gain on disposition of property of less than $0.1 million related to the land parcel; | |||
• | five industrial properties in Atlanta, GA for a sale price of $4.5 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; | |||
• | six industrial properties and a land parcel in a single transaction in Atlanta, GA for a sale price of $38.7 million (before $1.8 million in closing credits to buyer for unfunded tenant improvements and after $1.3 million in closing credits to buyer for free rent) and recorded a gain on disposition of discontinued operations of $13.2 million; | |||
• | two industrial properties in Atlanta, GA for a sale price of $4.8 million and recorded a loss on disposition of discontinued operations of less than $0.1 million; and | |||
• | two office properties in Orlando, FL for a sale price of $14.6 million (before $0.8 million in closing credits to buyer for unfunded tenant improvements) and recorded a loss on disposition of discontinued operations of $0.3 million. | |||
Additionally, in connection with the disposition of an office property in Jackson, MS in the third quarter of 2012, we had the right to receive additional cash consideration of up to $1.5 million upon the satisfaction of a certain post-closing requirement. The post-closing requirement was satisfied and the cash consideration was received during 2013. Accordingly, we recognized $1.5 million in additional gain on disposition of discontinued operations in 2013. | ||||
During 2012, we sold: | ||||
• | three buildings in Jackson, MS and Atlanta, GA for a sale price of $86.5 million and recorded a gain on disposition of discontinued operations of $14.0 million; | |||
• | five office properties in Nashville, TN for a sale price of $41.0 million and recorded a gain on disposition of discontinued operations of $7.0 million; | |||
• | an office property in Pinellas County, FL for a sale price of $9.5 million and recorded a gain on disposition of discontinued operations of $1.4 million; | |||
• | an office property in Kansas City, MO for a sale price of $6.5 million and recorded a gain on disposition of discontinued operations of $1.9 million; | |||
• | 96 vacant rental residential units in Kansas City, MO for a sale price of $11.0 million and recorded a gain on disposition of discontinued operations of $5.1 million; and | |||
• | 17 for-sale residential condominiums in Raleigh, NC for a sale price of $5.5 million and recorded a net gain of $0.4 million. All for-sale residential condominiums were sold as of December 31, 2012. | |||
Impairments | ||||
During 2014, we recorded an impairment of real estate assets of $0.6 million on an office property in Greensboro, NC. During 2013, we recorded impairments of real estate assets of $1.1 million on four properties in a single office park in Winston-Salem, NC and $1.1 million on seven industrial properties in Atlanta, GA. 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 impaired properties. |
Mortgages_and_Notes_Receivable
Mortgages and Notes Receivable | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Receivables [Abstract] | ||||||||
Mortgages and Notes Receivable | Mortgages and Notes Receivable | |||||||
The following table sets forth our mortgages and notes receivable: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Seller financing (first mortgages) | $ | — | $ | 16,454 | ||||
Less allowance | — | — | ||||||
— | 16,454 | |||||||
Mortgage receivable (including accrued interest) | 10,869 | 9,435 | ||||||
Less allowance | — | — | ||||||
10,869 | 9,435 | |||||||
Promissory notes | 2,522 | 822 | ||||||
Less allowance | (275 | ) | (302 | ) | ||||
2,247 | 520 | |||||||
Mortgages and notes receivable, net | $ | 13,116 | $ | 26,409 | ||||
During 2010, we provided seller financing in conjunction with two disposition transactions. We accounted for these dispositions using the installment method, whereby a gain on disposition of property was deferred until the seller financing was repaid. During the first quarter of 2014, the $16.5 million of seller financing was fully repaid and the resultant $0.4 million gain on disposition of property was recorded. | ||||||||
During 2012, we provided $8.6 million of secured acquisition financing to a third party. We also agreed to loan such third party $8.4 million on a secured basis to fund future infrastructure development. As of December 31, 2014, $1.1 million has been funded to the third party for infrastructure development. We concluded this arrangement to be an interest in a variable interest entity. However, since we do not have the power to direct matters that most significantly impact the activities of the entity, we do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated. Our risk of loss with respect to this arrangement is limited to the carrying value of the mortgage receivable and the future infrastructure development funding commitment. | ||||||||
We evaluate the ability to collect our mortgages and notes receivable by monitoring the leasing statistics and/or market fundamentals of these assets. As of December 31, 2014, our mortgages and notes receivable were not in default and there were no other indicators of impairment. | ||||||||
The following table sets forth our notes receivable allowance, which relates only to promissory notes: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Beginning notes receivable allowance | $ | 302 | $ | 182 | ||||
Recoveries/write-offs/other | (27 | ) | 120 | |||||
Total notes receivable allowance | $ | 275 | $ | 302 | ||||
Investments_In_and_Advances_To
Investments In and Advances To Affiliates | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||||
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 our ownership in unconsolidated affiliates at December 31, 2014: | ||||||||||||
Joint Venture | Location of Properties | Ownership | ||||||||||
Interest | ||||||||||||
Concourse Center Associates, LLC | Greensboro, NC | 50.00% | ||||||||||
Plaza Colonnade, LLC | Kansas City, MO | 50.00% | ||||||||||
Highwoods DLF 97/26 DLF 99/32, LP | Orlando, FL | 42.90% | ||||||||||
Highwoods KC Glenridge Office, LLC | Atlanta, GA | 40.00% | ||||||||||
Highwoods KC Glenridge Land, LLC | Atlanta, GA | 39.90% | ||||||||||
Kessinger/Hunter & Company, LC | Kansas City, MO | 26.50% | ||||||||||
Highwoods DLF Forum, LLC | Raleigh, NC | 25.00% | ||||||||||
Highwoods DLF 98/29, LLC | Orlando, FL | 22.80% | ||||||||||
4600 Madison Associates, LP | Kansas City, MO | 12.50% | ||||||||||
The following table sets forth the summarized balance sheets of our unconsolidated affiliates: | ||||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Balance Sheets: | ||||||||||||
Assets: | ||||||||||||
Real estate assets, net | $ | 209,097 | $ | 228,497 | ||||||||
All other assets, net | 56,330 | 66,196 | ||||||||||
Total Assets | $ | 265,427 | $ | 294,693 | ||||||||
Liabilities and Partners’ or Shareholders’ Equity: | ||||||||||||
Mortgages and notes payable (1) | $ | 170,787 | $ | 189,432 | ||||||||
All other liabilities | 11,240 | 11,338 | ||||||||||
Partners’ or shareholders’ equity | 83,400 | 93,923 | ||||||||||
Total Liabilities and Partners’ or Shareholders’ Equity | $ | 265,427 | $ | 294,693 | ||||||||
Our share of historical partners’ or shareholders’ equity | $ | 28,088 | $ | 29,099 | ||||||||
Advances to unconsolidated affiliate | 64 | — | ||||||||||
Difference between cost of investments and the net book value of underlying net assets | (1,081 | ) | 802 | |||||||||
Carrying value of investments in and advances to unconsolidated affiliates | $ | 27,071 | $ | 29,901 | ||||||||
Our share of unconsolidated non-recourse mortgage debt (1) | $ | 56,812 | $ | 64,424 | ||||||||
__________ | ||||||||||||
4. Investments in and Advances to Affiliates – Continued | ||||||||||||
-1 | Our share of scheduled future principal payments, including amortization, due on mortgages and notes payable at December 31, 2014 is as follows: | |||||||||||
2015 | $ | 4,758 | ||||||||||
2016 | 1,117 | |||||||||||
2017 | 27,122 | |||||||||||
2018 | 19,377 | |||||||||||
2019 | 563 | |||||||||||
Thereafter | 3,875 | |||||||||||
$ | 56,812 | |||||||||||
All of this joint venture debt is non-recourse to us except in the case of customary exceptions pertaining to such matters as misuse of funds, environmental conditions, material misrepresentations and voluntary or uncontested involuntary bankruptcy events. | ||||||||||||
The following table sets forth the summarized income statements of our unconsolidated affiliates: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Income Statements: | ||||||||||||
Rental and other revenues | $ | 50,514 | $ | 82,168 | $ | 101,233 | ||||||
Expenses: | ||||||||||||
Rental property and other expenses | 25,159 | 41,284 | 47,762 | |||||||||
Depreciation and amortization | 13,310 | 20,928 | 25,253 | |||||||||
Impairments of real estate assets | — | 20,077 | 7,180 | |||||||||
Interest expense | 8,847 | 14,994 | 20,953 | |||||||||
Total expenses | 47,316 | 97,283 | 101,148 | |||||||||
Income/(loss) before disposition of property | 3,198 | (15,115 | ) | 85 | ||||||||
Gains on disposition of property | 2,998 | 20,501 | 11,184 | |||||||||
Net income | $ | 6,196 | $ | 5,386 | $ | 11,269 | ||||||
The following summarizes additional information related to certain of our unconsolidated affiliates: | ||||||||||||
- Board of Trade Investment Company ("Board of Trade") | ||||||||||||
During 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. Our 49.0% interest in Board of Trade was redeemed in exchange for $4.7 million in cash. | ||||||||||||
- Highwoods KC Glenridge Office, LLC ("KC Glenridge") | ||||||||||||
During 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%. | ||||||||||||
- HIW-KC Orlando, LLC | ||||||||||||
See Note 2 for a description of our acquisition of our partner's 60.0% equity interest in this joint venture during 2013. | ||||||||||||
4. Investments in and Advances to Affiliates – Continued | ||||||||||||
- Lofts at Weston, LLC ("Weston Lofts") | ||||||||||||
During 2011, we and Ravin Partners, LLC (“Ravin”) formed Weston Lofts, in which we had a 50.0% ownership interest. We contributed 15.0 acres of land at an agreed upon value of $2.4 million to this joint venture, and Ravin contributed $1.2 million in cash and agreed to guarantee the joint venture's development loan. The joint venture then distributed $1.2 million to us and we recorded a gain of $0.3 million on this transaction. Ravin was the developer, manager and leasing agent and received customary fees from the joint venture, which constructed 215 residential units at a total cost of $25.9 million. During 2013, Weston Lofts sold the 215 residential units to an unrelated third party for gross proceeds of $38.3 million and recorded a gain of $12.2 million. As a result, we received aggregate net distributions of $9.4 million and recorded our share of the gain of $3.2 million, which is net of $1.7 million in taxes incurred by our taxable REIT subsidiary, in equity in earnings of unconsolidated affiliates. Our share of the gain was less than 50.0% due to Ravin's preferred return as the developer. | ||||||||||||
- Highwoods DLF 97/26 DLF 99/32, LP (“DLF II”) | ||||||||||||
See Note 2 for a description of our acquisition of two office properties in Atlanta, GA from DLF II during 2013. | ||||||||||||
During 2013, DLF II sold an office property to an unrelated third party 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 was different from the basis reflected at the joint venture level, we recorded $0.4 million of gain through equity in earnings of unconsolidated affiliates. | ||||||||||||
During 2012, DLF II obtained a $50.0 million, three-year secured mortgage loan from a third party lender, bearing a fixed interest rate of 3.5% on $39.1 million of the loan and a floating interest rate of LIBOR plus 250 basis points on $10.9 million of the loan, which was used by the joint venture to repay a secured loan at maturity to a third party lender. During 2013, this loan was assumed by us in connection with the acquisition discussed in Note 2 and has since been repaid. | ||||||||||||
- Kessinger/Hunter & Company, LC ("Kessinger/Hunter") | ||||||||||||
Kessinger/Hunter, which is managed by our joint venture partner, provides leasing services, among other things, to certain office properties that we wholly own in Kansas City, MO in exchange for customary fees from us. Kessinger/Hunter received $0.6 million, $0.2 million and $1.1 million from us for these services in 2014, 2013 and 2012, respectively. | ||||||||||||
- Highwoods DLF Forum, LLC (“Forum”) | ||||||||||||
During 2013, Forum obtained a $71.7 million, five-year secured mortgage loan from a third party lender, bearing a floating interest rate of LIBOR plus 190 basis points, which was used by the joint venture to repay a secured loan at maturity to a third party lender. This loan is scheduled to mature in November 2018. | ||||||||||||
- Highwoods DLF 98/29, LLC (“DLF I”) | ||||||||||||
During 2014, DLF I sold an office property to an unrelated third party for a sale price of $13.7 million (before $0.4 million in closing credits to buyer for free rent) and recorded a gain on disposition of property of $1.0 million. We recorded $0.2 million as our share of this gain through equity in earnings of unconsolidated affiliates. | ||||||||||||
During 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 2013, DLF I recorded impairments of real estate assets of $20.1 million on office properties in Orlando, FL, Atlanta, GA and Charlotte, NC. We recorded $4.5 million as our share of these impairment charges through equity in earnings of unconsolidated affiliates. These impairments were due to a change in the assumed timing of future dispositions and/or leasing assumptions, which reduced the future expected cash flows from the impaired properties. | ||||||||||||
4. Investments in and Advances to Affiliates – Continued | ||||||||||||
During 2012, DLF I sold two office properties to third parties for $15.5 million and recorded gains on disposition of property of $4.9 million. We recorded $1.1 million as our proportionate share of these gains through equity in earnings of unconsolidated affiliates. | ||||||||||||
During 2012, we recorded $1.0 million as our share of impairments of real estate assets on two office properties in DLF I, due to a decline in projected occupancy and a change in the assumed holding period of those assets, which reduced the expected future cash flows from the properties. | ||||||||||||
- Other Activities | ||||||||||||
We receive development, management and leasing fees for services provided to certain of our joint ventures. These fees are recognized in income to the extent of our respective joint venture partner's interest. During the years ended December 31, 2014, 2013 and 2012, we recognized $1.2 million, $2.9 million and $2.4 million, respectively, of development/construction, management and leasing fees from our unconsolidated joint ventures. At both December 31, 2014 and 2013, we had receivables of $0.5 million related to these fees in accounts receivable. | ||||||||||||
Consolidated Affiliates | ||||||||||||
The following summarizes our consolidated affiliates: | ||||||||||||
- Highwoods-Markel Associates, LLC (“Markel”) | ||||||||||||
We have a 50.0% ownership interest in Markel. We are the manager and leasing agent for Markel's properties, which are located in Richmond, VA in exchange for customary management and leasing fees. We consolidate Markel since we are the managing member and control the major operating and financial policies of the entity. As controlling member, we have an obligation to cause this property-owning entity to distribute proceeds of liquidation to the noncontrolling interest member in these partially owned properties only if the net proceeds received by the entity from the sale of Markel's assets warrant a distribution as determined by the governing agreement. We estimate the value of noncontrolling interest distributions would have been $26.8 million had the entity been liquidated at December 31, 2014. This estimated settlement value is based on the fair value of the underlying properties which is based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for customers, changes in market rental rates and costs to operate each property. If the entity's underlying assets are worth less than the underlying liabilities on the date of such liquidation, we would have no obligation to remit any consideration to the noncontrolling interest holder. | ||||||||||||
See Note 2 for a description of our acquisition of the noncontrolling member's 50.0% interest in an office property owned by Markel. | ||||||||||||
- SF-HIW Harborview Plaza, LP (“Harborview”) | ||||||||||||
We have a 20.0% interest in Harborview. We are the manager and leasing agent for Harborview's property in Tampa, FL and receive customary management and leasing fees. As further described in Note 8, we account for this joint venture as a financing obligation since our partner has the right to put its 80.0% equity interest back to us any time prior to September 11, 2015. | ||||||||||||
During 2012, we provided a three-year, $20.8 million interest-only secured loan to Harborview that is scheduled to mature in September 2015, which the joint venture used to repay a secured loan at maturity to a third party lender. This new loan bears interest at LIBOR plus 500 basis points, subject to a LIBOR floor of 0.5%. Because Harborview is a consolidated joint venture, this loan and related interest income and expense are eliminated in consolidation. |
Intangible_Assets_and_Below_Ma
Intangible Assets and Below Market Leaes Liabilities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||
Intangible Assets and Below Market Lease Liabilities | Intangible Assets and Below Market Lease Liabilities | ||||||||||||||||||||||||
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||
Deferred financing costs | $ | 19,478 | $ | 17,363 | |||||||||||||||||||||
Less accumulated amortization | (7,953 | ) | (5,204 | ) | |||||||||||||||||||||
11,525 | 12,159 | ||||||||||||||||||||||||
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) | 322,094 | 297,068 | |||||||||||||||||||||||
Less accumulated amortization | (104,851 | ) | (87,016 | ) | |||||||||||||||||||||
217,243 | 210,052 | ||||||||||||||||||||||||
Deferred financing and leasing costs, net | $ | 228,768 | $ | 222,211 | |||||||||||||||||||||
Liabilities (in accounts payable, accrued expenses and other liabilities): | |||||||||||||||||||||||||
Acquisition-related below market lease liabilities | $ | 55,783 | $ | 55,323 | |||||||||||||||||||||
Less accumulated amortization | (13,548 | ) | (8,478 | ) | |||||||||||||||||||||
$ | 42,235 | $ | 46,845 | ||||||||||||||||||||||
The following table sets forth amortization of intangible assets and below market lease liabilities: | |||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Amortization of deferred financing costs | $ | 3,082 | $ | 3,802 | $ | 3,685 | |||||||||||||||||||
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) | $ | 39,402 | $ | 37,094 | $ | 26,509 | |||||||||||||||||||
Amortization of lease incentives (in rental and other revenues) | $ | 1,465 | $ | 1,409 | $ | 1,389 | |||||||||||||||||||
Amortization of acquisition-related intangible assets (in rental and other revenues) | $ | 4,549 | $ | 3,676 | $ | 1,357 | |||||||||||||||||||
Amortization of acquisition-related intangible assets (in rental property and other expenses) | $ | 557 | $ | 556 | $ | 186 | |||||||||||||||||||
Amortization of acquisition-related below market lease liabilities (in rental and other revenues) | $ | (6,129 | ) | $ | (5,316 | ) | $ | (2,627 | ) | ||||||||||||||||
5. Intangible Assets and Below Market Lease Liabilities - Continued | |||||||||||||||||||||||||
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities: | |||||||||||||||||||||||||
Years Ending December 31, | Amortization | Amortization | Amortization | Amortization | Amortization of Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) | Amortization | |||||||||||||||||||
of Deferred Financing | of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) | of Lease Incentives (in Rental and Other Revenues) | of Acquisition-Related Intangible Assets (in Rental and Other Revenues) | of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) | |||||||||||||||||||||
Costs | |||||||||||||||||||||||||
2015 | $ | 3,064 | $ | 40,621 | $ | 1,214 | $ | 4,375 | $ | 553 | $ | (5,990 | ) | ||||||||||||
2016 | 2,794 | 34,317 | 1,051 | 3,057 | 553 | (5,673 | ) | ||||||||||||||||||
2017 | 2,517 | 30,109 | 978 | 2,255 | 553 | (5,410 | ) | ||||||||||||||||||
2018 | 1,387 | 25,650 | 874 | 1,463 | 553 | (5,247 | ) | ||||||||||||||||||
2019 | 660 | 21,285 | 686 | 1,047 | 553 | (4,915 | ) | ||||||||||||||||||
Thereafter | 1,103 | 39,960 | 2,148 | 2,859 | 529 | (15,000 | ) | ||||||||||||||||||
$ | 11,525 | $ | 191,942 | $ | 6,951 | $ | 15,056 | $ | 3,294 | $ | (42,235 | ) | |||||||||||||
Weighted average remaining amortization periods as of December 31, 2014 (in years) | 4.4 | 6.5 | 8 | 6.2 | 6 | 8.2 | |||||||||||||||||||
The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2014 acquisition activity: | |||||||||||||||||||||||||
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues) | Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) | Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues) | |||||||||||||||||||||||
Amount recorded from acquisition activity | $ | 1,375 | $ | 12,901 | $ | (1,521 | ) | ||||||||||||||||||
Weighted average remaining amortization periods as of December 31, 2014 (in years) | 3.4 | 5.4 | 5.5 | ||||||||||||||||||||||
Mortgages_and_Notes_Payable
Mortgages and Notes Payable | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Debt Disclosure [Abstract] | ||||||||
Mortgages and Notes Payable | Mortgages and Notes Payable | |||||||
Our mortgages and notes payable consist of the following: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Secured indebtedness: (1) | ||||||||
5.21% (3.11% effective rate) mortgage loan due 2014 (2) | $ | — | $ | 125,247 | ||||
5.17% (6.43% effective rate) mortgage loan due 2015 (3) | 39,324 | 39,609 | ||||||
3.50% (3.34% effective rate) mortgage loan due 2015 (4) | — | 37,340 | ||||||
6.88% mortgage loans due 2016 | 107,556 | 109,167 | ||||||
7.50% mortgage loan due 2016 | 44,501 | 45,103 | ||||||
5.10% (4.22% effective rate) mortgage loan due 2017 (5) | 115,229 | 118,126 | ||||||
5.74% to 8.15% mortgage loans due between 2014 and 2016 (6) | 6,258 | 14,072 | ||||||
312,868 | 488,664 | |||||||
Unsecured indebtedness: | ||||||||
5.85% (5.88% effective rate) notes due 2017 (7) | 379,427 | 379,311 | ||||||
7.50% notes due 2018 | 200,000 | 200,000 | ||||||
3.20% (3.363% effective rate) notes due 2021 (8) | 297,207 | — | ||||||
3.625% (3.752% effective rate) notes due 2023 (9) | 247,887 | 247,624 | ||||||
Variable rate term loan due 2019 (10) | 200,000 | 200,000 | ||||||
Variable rate term loan due 2019 (11) | 225,000 | 225,000 | ||||||
Revolving credit facility due 2018 (12) | 209,000 | 215,700 | ||||||
1,758,521 | 1,467,635 | |||||||
Total | $ | 2,071,389 | $ | 1,956,299 | ||||
__________ | ||||||||
-1 | Our secured mortgage loans were collateralized by real estate assets with an aggregate undepreciated book value of $580.6 million at December 31, 2014. 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 | Net of unamortized fair market value premium of $0.7 million as of December 31, 2013. This debt was repaid in 2014. | |||||||
-3 | Net of unamortized fair market value discount of $0.4 million and $0.8 million as of December 31, 2014 and 2013, respectively. | |||||||
-4 | Net of unamortized fair market value premium of $0.1 million as of December 31, 2013. This debt was repaid in 2014. | |||||||
-5 | Net of unamortized fair market premium of $2.7 million and $3.6 million as of December 31, 2014 and 2013, respectively. | |||||||
-6 | Net of unamortized fair market value premium of $0.1 million and $0.3 million as of December 31, 2014 and 2013, respectively. | |||||||
-7 | Net of unamortized original issuance discount of $0.3 million and $0.4 million as of December 31, 2014 and 2013, respectively. | |||||||
-8 | Net of unamortized original issuance discount of $2.8 million as of December 31, 2014. | |||||||
-9 | Net of unamortized original issuance discount of $2.1 million and $2.4 million as of December 31, 2014 and 2013, respectively. | |||||||
-10 | The interest rate is 1.36% at December 31, 2014. | |||||||
-11 | 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 3.43%. | |||||||
-12 | The interest rate is 1.26% at December 31, 2014. | |||||||
6. Mortgages and Notes Payable - Continued | ||||||||
The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes payable at December 31, 2014: | ||||||||
Years Ending December 31, | Principal Amount | |||||||
2015 | $ | 44,145 | ||||||
2016 | 157,786 | |||||||
2017 | 488,279 | |||||||
2018 | 408,305 | |||||||
2019 | 424,305 | |||||||
Thereafter | 548,569 | |||||||
$ | 2,071,389 | |||||||
Our $475.0 million unsecured revolving credit facility is scheduled to mature in January 2018 and includes an accordion feature that allows for an additional $75.0 million of borrowing capacity subject to additional lender commitments. Assuming no defaults have occurred, we have an option to extend the maturity for two additional six-month periods. The interest rate at our current credit ratings is LIBOR plus 110 basis points and the annual facility fee is 20 basis points. The interest rate and facility fee are based on the higher of the publicly announced ratings from Moody's Investors Service or Standard & Poor's Ratings Services. There was $209.0 million and $212.0 million outstanding under our revolving credit facility at December 31, 2014 and January 30, 2015, respectively. At December 31, 2014 and January 30, 2015, we had $0.1 million and $0.2 million, respectively, of outstanding letters of credit, which reduces the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility at December 31, 2014 and January 30, 2015 was $265.9 million and $262.8 million, respectively. | ||||||||
During 2014, the Operating Partnership issued $300 million aggregate principal amount of 3.20% Notes due June 15, 2021, less original issue discount of $3.1 million. These notes were priced at 98.983% for an effective yield of 3.363%. Underwriting fees and other expenses were incurred that aggregated $2.4 million; these costs were deferred and will be amortized over the term of the notes. | ||||||||
During 2014, we prepaid the remaining $36.9 million balance on a secured mortgage loan with an effective interest rate of 3.34% that was originally scheduled to mature in April 2015. We recorded $0.3 million of loss on debt extinguishment related to this prepayment. We also prepaid without penalty the remaining $123.7 million balance on a secured mortgage loan with an effective interest rate of 3.11% that was originally scheduled to mature in July 2014 and the remaining $7.2 million balance on a secured mortgage loan with an effective interest rate of 3.32% that was originally scheduled to mature in August 2014. We recorded less than $0.1 million of gain on debt extinguishment related to this last prepayment. Real estate assets having a gross book value of approximately $251 million became unencumbered in connection with the payoff of these secured loans. We also paid down $7.9 million of secured loan balances through principal amortization during 2014. | ||||||||
During 2013, we prepaid without penalty a secured mortgage loan with a fair market value of $67.5 million bearing an effective interest rate of 5.12% that was originally scheduled to mature in January 2014. We also prepaid without penalty the remaining $114.7 million balance on two secured mortgage loans bearing interest at a weighted average rate of 5.75% that were originally scheduled to mature in December 2013. We recorded less than $0.1 million of loss on debt extinguishment related to these prepayments. During 2013, one of our consolidated affiliates also prepaid without penalty the remaining $32.3 million balance on four secured mortgage loans bearing interest at a weighted average rate of 5.79% that were originally scheduled to mature in January 2014. | ||||||||
During 2013, we prepaid the remaining $35.0 million balance on a $200.0 million unsecured bank term loan that was originally scheduled to mature in February 2016. We recorded $0.2 million of loss on debt extinguishment related to this prepayment. | ||||||||
6. Mortgages and Notes Payable - Continued | ||||||||
During 2012, we repaid the remaining balances of $52.1 million of our variable rate, secured construction loan bearing interest of 1.07% and a $123.0 million secured mortgage loan bearing interest of 6.03% that was scheduled to mature in March 2013. One of our consolidated affiliates also repaid a $20.8 million secured loan that bore interest at 6.06% and matured in October 2012. We incurred no penalties related to these repayments. | ||||||||
During 2012, the Operating Partnership issued $250.0 million aggregate principal amount of 3.625% Notes due January 15, 2023, less original issue discount of $2.7 million. These notes were priced at 98.94% for an effective yield of 3.752%. Underwriting fees and other expenses were incurred that aggregated $2.1 million; these costs were deferred and will be amortized over the term of the notes. | ||||||||
During 2012, we extended the original maturity date on our $200.0 million, five-year unsecured bank term loan from February 2016 to January 2018 and reduced the original interest rate from LIBOR plus 220 basis points to LIBOR plus 165 basis points. We incurred $0.9 million of deferred financing fees in connection with this modification, which was amortized along with existing unamortized deferred loan fees over the remaining term of the loan. In 2013, we extended the maturity date from January 2018 to January 2019 and reduced the interest rate from LIBOR plus 165 basis points to LIBOR plus 120 basis points. We incurred $0.4 million of deferred financing fees in connection with this modification, which was amortized along with existing unamortized deferred loan fees over the remaining term of the loan. | ||||||||
During 2012, we repurchased $12.1 million principal amount of unsecured notes due March 2017 bearing interest of 5.85% for a purchase price of 107.5% of par value. We recorded $1.0 million of loss on debt extinguishment related to this repurchase. | ||||||||
During 2012, we obtained a $225.0 million, seven-year unsecured bank term loan bearing interest of LIBOR plus 190 basis points. The underlying LIBOR rate has been effectively fixed for the entire seven-year term through floating-to-fixed interest rate swaps discussed in Note 7. The counterparties under the swaps are the same financial institutions that participated in the term loan. | ||||||||
We are currently in compliance with financial covenants and other requirements with respect to our consolidated debt. | ||||||||
Our revolving credit facility and bank term loans require us to comply with customary operating covenants and various financial requirements. Upon an event of default on the revolving credit facility, the lenders having at least 51.0% of the total commitments under the revolving credit facility can accelerate all borrowings then outstanding, and we could be prohibited from borrowing any further amounts under our revolving credit facility, which would adversely affect our ability to fund our operations. | ||||||||
The Operating Partnership has $379.4 million carrying amount of 2017 bonds outstanding, $200.0 million carrying amount of 2018 bonds outstanding, $297.2 million carrying amount of 2021 bonds outstanding and $247.9 million carrying amount of 2023 bonds outstanding. The indenture that governs these outstanding notes requires us to comply with customary operating covenants and various financial ratios. The trustee or the holders of at least 25.0% in principal amount of either series of bonds can accelerate the principal amount of such series upon written notice of a default that remains uncured after 60 days. | ||||||||
Capitalized Interest | ||||||||
Total interest capitalized to development and significant building and tenant improvement projects was $5.3 million, $2.7 million and $1.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments | |||||||||||
We have six floating-to-fixed interest rate swaps through January 2019 each with respect to an aggregate of $225.0 million LIBOR-based borrowings. These swaps effectively fix the underlying LIBOR rate at a weighted average of 1.678%. The counterparties under the swaps are major financial institutions. The swap agreements contain a provision whereby if we default on any of our indebtedness, if greater than $10.0 million, and which default results in repayment of such indebtedness being, or becoming capable of being, accelerated by the lender, then we could also be declared in default on our swaps. These swaps have been designated and accounted for as cash flow hedges with changes in fair value recorded in other comprehensive income each reporting period. No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on our cash flow hedges during the year ended December 31, 2014. We have no collateral requirements related to our interest rate swaps. | ||||||||||||
Amounts reported in AOCL related to derivatives will be reclassified to interest expense as interest payments are made on our variable rate debt. During 2015, we estimate that $3.1 million will be reclassified to interest expense. | ||||||||||||
The following table sets forth the gross fair value of our derivatives: | ||||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Derivatives: | ||||||||||||
Derivatives designated as cash flow hedges in prepaid expenses and other assets: | ||||||||||||
Interest rate swaps | $ | — | $ | 301 | ||||||||
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities: | ||||||||||||
Interest rate swaps | $ | 2,412 | $ | 510 | ||||||||
The following table sets forth the effect of our cash flow hedges on AOCL and interest expense: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Derivatives Designated as Cash Flow Hedges: | ||||||||||||
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion): | ||||||||||||
Interest rate swaps | $ | (5,662 | ) | $ | 5,778 | $ | (10,358 | ) | ||||
Amount of losses reclassified out of AOCL into contractual interest expense (effective portion): | ||||||||||||
Interest rate swaps | $ | 3,777 | $ | 3,370 | $ | 3,053 | ||||||
Financing_Arrangements
Financing Arrangements | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Financing Arrangements [Abstract] | ||||||||
Financing Arrangements | Financing Arrangements | |||||||
Our financing obligations consist of the following: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Harborview financing obligation | $ | 14,557 | $ | 16,242 | ||||
Tax increment financing bond | 8,962 | 10,422 | ||||||
Total | $ | 23,519 | $ | 26,664 | ||||
Harborview | ||||||||
In 2002, we contributed Harborview Plaza, a 205,000 rentable square foot office building to our Harborview joint venture. We retained a 20.0% equity interest in the joint venture. Our joint venture partner has the right to put its 80.0% equity interest in the joint venture to us in exchange for cash at any time prior to September 11, 2015. The value of the 80.0% equity interest will be determined at the time that our partner elects to exercise its put right, if ever, based upon the then fair market value of the joint venture's assets and liabilities. The fair value of the real estate assets will be reduced by 3.0%, which is intended to represent the hypothetical costs of a sale transaction. Because of the put option, this transaction has been accounted for as a financing transaction. Accordingly, the assets, liabilities and operations of Harborview Plaza, which is the sole property owned by Harborview, remain in our Consolidated Financial Statements. | ||||||||
As a result, we initially established a gross financing obligation equal to the $12.7 million equity contributed by our joint venture partner. During 2012, our joint venture partner contributed an additional $1.8 million of equity to the joint venture. During each period, we increase the gross financing obligation for 80.0% of the net income before depreciation of Harborview Plaza, which is recorded as interest expense on financing obligation, and decrease the gross financing obligation for distributions made to our joint venture partner. At the end of each reporting period, the balance of the gross financing obligation is adjusted to equal the greater of the equity contributed by our joint venture partner or the current fair value of the put option, which is recorded as interest expense on financing obligation. The fair value of the put option was $11.5 million and $12.8 million at December 31, 2014 and 2013, respectively. We continue to depreciate Harborview Plaza and record all of the depreciation on our books. At such time as the put option expires or is otherwise terminated, we will record the transaction as a partial sale and recognize gain accordingly. | ||||||||
Tax Increment Financing Bond | ||||||||
In connection with tax increment financing for a parking garage we constructed in 1999, we are obligated to pay fixed special assessments over a 20-year period ending in 2019. The net present value of these assessments, discounted at the 6.93% interest rate on the underlying tax increment financing, is recorded as a financing obligation. We receive special tax revenues and property tax rebates recorded in interest and other income, which are intended, but not guaranteed, to provide funds to pay the special assessments. We acquired the related tax increment financing bond, which is recorded in prepaid and other assets, in a privately negotiated transaction in 2007. For additional information about this tax increment financing bond, see Note 11. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies | Commitments and Contingencies | ||||
Operating Ground Leases | |||||
Certain of our properties are subject to operating ground leases. Rental payments on these leases are adjusted periodically based on either the consumer price index or on a pre-determined schedule. Total rental property expense recorded for operating ground leases was $3.4 million, $2.8 million and $1.5 million for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||
9 | Commitments and Contingencies - Continued | ||||
The following table sets forth our scheduled obligations for future minimum payments on operating ground leases at December 31, 2014: | |||||
Years Ending December 31, | Minimum Payments | ||||
2015 | $ | 3,035 | |||
2016 | 3,068 | ||||
2017 | 3,102 | ||||
2018 | 3,138 | ||||
2019 | 3,175 | ||||
Thereafter | 112,593 | ||||
$ | 128,111 | ||||
Lease and Contractual Commitments | |||||
We have $219.1 million of lease and contractual commitments at December 31, 2014. Lease and contractual commitments represent commitments under signed leases and contracts for operating properties (excluding tenant-funded tenant improvements) and contracts for development/redevelopment projects, of which $56.8 million was recorded on the Consolidated Balance Sheet at December 31, 2014. | |||||
Contingent Consideration | |||||
In the fourth quarter of 2014, we acquired an acre of development land in Nashville, TN for a purchase price and related transaction costs of $15.8 million, which includes contingent consideration estimated to be $3.3 million. The contingent consideration is payable in cash to a third party no later than the first quarter of 2020 if and to the extent the stabilized value of any building constructed on the development site exceeds the total development cost. | |||||
Environmental Matters | |||||
Substantially all of our in-service and development properties have been subjected to Phase I environmental assessments and, in certain instances, Phase II environmental assessments. Such assessments and/or updates have not revealed, nor are we aware of, any environmental liability that we believe would have a material adverse effect on our Consolidated Financial Statements. | |||||
Litigation, Claims and Assessments | |||||
We are from time to time a party to a variety of legal proceedings, claims and assessments arising in the ordinary course of our business. We regularly assess the liabilities and contingencies in connection with these matters based on the latest information available. For those matters where it is probable that we have incurred or will incur a loss and the loss or range of loss can be reasonably estimated, the estimated loss is accrued and charged to income in our Consolidated Financial Statements. In other instances, because of the uncertainties related to both the probable outcome and amount or range of loss, a reasonable estimate of liability, if any, cannot be made. Based on the current expected outcome of such matters, none of these proceedings, claims or assessments is expected to have a material effect on our business, financial condition, results of operations or cash flows. |
Noncontrolling_Interests
Noncontrolling Interests | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Noncontrolling Interest [Abstract] | ||||||||||||
Noncontrolling Interests | Noncontrolling Interests | |||||||||||
Noncontrolling Interests in Consolidated Affiliates | ||||||||||||
At December 31, 2014, our noncontrolling interests in consolidated affiliates relates to our joint venture partner's 50.0% interest in office properties in Richmond, VA. Our joint venture partner is an unrelated third party. | ||||||||||||
Noncontrolling Interests in the Operating Partnership | ||||||||||||
Noncontrolling interests in the Operating Partnership relate to the ownership of Redeemable Common Units. Net income attributable to noncontrolling interests in the Operating Partnership is computed by applying the weighted average percentage of Redeemable Common Units during the period, as a percent of the total number of outstanding Common Units, to the Operating Partnership’s net income for the period after deducting distributions on Preferred Units. When a noncontrolling unitholder redeems a Common Unit for a share of Common Stock or cash, the noncontrolling interests in the Operating Partnership are reduced and the Company’s share in the Operating Partnership is increased by the fair value of each security at the time of redemption. | ||||||||||||
The following table sets forth the Company's noncontrolling interests in the Operating Partnership: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Beginning noncontrolling interests in the Operating Partnership | $ | 106,480 | $ | 124,869 | ||||||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 25,275 | 11,375 | ||||||||||
Conversions of Common Units to Common Stock | (162 | ) | (28,788 | ) | ||||||||
Redemptions of Common Units | (93 | ) | — | |||||||||
Net income attributable to noncontrolling interests in the Operating Partnership | 3,542 | 4,691 | ||||||||||
Distributions to noncontrolling interests in the Operating Partnership | (4,994 | ) | (5,667 | ) | ||||||||
Total noncontrolling interests in the Operating Partnership | $ | 130,048 | $ | 106,480 | ||||||||
The following table sets forth net income available for common stockholders and transfers from the Company's noncontrolling interests in the Operating Partnership: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net income available for common stockholders | $ | 108,457 | $ | 122,949 | $ | 77,087 | ||||||
Increase in additional paid in capital from conversions of Common Units to Common Stock | 162 | 28,788 | 2,096 | |||||||||
Issuances of Common Units | — | — | (2,299 | ) | ||||||||
Change from net income available for common stockholders and transfers from noncontrolling interests | $ | 108,619 | $ | 151,737 | $ | 76,884 | ||||||
Disclosure_About_Fair_Value_of
Disclosure About Fair Value of Financial Instruments | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||
Disclosure About Fair Value of Financial Instruments | Disclosure About Fair Value of Financial Instruments | |||||||||||||||
The following summarizes the three levels of inputs that we use to measure fair value. | ||||||||||||||||
Level 1. Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
Our Level 1 asset is our investment in marketable securities that we use to pay benefits under our non-qualified deferred compensation plan. Our Level 1 liability is our non-qualified deferred compensation obligation. The Company's Level 1 noncontrolling interests in the Operating Partnership relate to the ownership of Common Units by various individuals and entities other than the Company. | ||||||||||||||||
Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. | ||||||||||||||||
Our Level 2 assets include the fair value of certain of our mortgages and notes receivable and certain of our interest rate swaps. Our Level 2 liabilities include the fair value of our mortgages and notes payable and the remainder of our interest rate swaps. | ||||||||||||||||
The fair value of mortgages and notes receivable and mortgages and notes payable is estimated by the income approach utilizing contractual cash flows and market-based interest rates to approximate the price that would be paid in an orderly transaction between market participants. The fair value of interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments of interest rate swaps are based on the expectation of future LIBOR interest rates (forward curves) derived from observed market LIBOR interest rate curves. In addition, credit valuation adjustments are incorporated in the fair values to account for potential nonperformance risk, but were concluded to not be significant inputs to the calculation for the periods presented. | ||||||||||||||||
Level 3. Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | ||||||||||||||||
Our Level 3 assets include (1) certain of our mortgages and notes receivable, which were estimated by the income approach utilizing internal cash flow projections and market interest rates to estimate the price that would be paid in an orderly transaction between market participants, (2) our tax increment financing bond, which is not routinely traded but whose fair value is determined by the income approach utilizing contractual cash flows and market-based interest rates to estimate the projected redemption value based on quoted bid/ask prices for similar unrated municipal bonds, and (3) any real estate assets recorded at fair value on a non-recurring basis as a result of our quarterly impairment analysis, which were valued using the terms of definitive sales contracts or the sales comparison approach and substantiated with internal cash flow projections. | ||||||||||||||||
Our Level 3 liabilities include the fair value of financing obligations and contingent consideration in connection with the acquisition of certain real estate assets, which constitute a business, and were estimated by the income approach to approximate the price that would be paid in an orderly transaction between market participants, utilizing: (1) contractual cash flows; (2) market-based interest rates; and (3) a number of other assumptions including demand for space, competition for customers, changes in market rental rates, costs of operation and expected ownership periods. | ||||||||||||||||
11 | Disclosure About Fair Value of Financial Instruments – Continued | |||||||||||||||
The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy. | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
Total | Quoted Prices | Significant Observable Inputs | Significant Unobservable Inputs | |||||||||||||
in Active | ||||||||||||||||
Markets for Identical Assets or Liabilities | ||||||||||||||||
Fair Value at December 31, 2014: | ||||||||||||||||
Assets: | ||||||||||||||||
Mortgages and notes receivable, at fair value (1) | $ | 13,142 | $ | — | $ | 2,247 | $ | 10,895 | ||||||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 3,635 | 3,635 | — | — | ||||||||||||
Tax increment financing bond (in prepaid expenses and other assets) | 12,447 | — | — | 12,447 | ||||||||||||
Total Assets | $ | 29,224 | $ | 3,635 | $ | 2,247 | $ | 23,342 | ||||||||
Noncontrolling Interests in the Operating Partnership | $ | 130,048 | $ | 130,048 | $ | — | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Mortgages and notes payable, at fair value (1) | $ | 2,141,334 | $ | — | $ | 2,141,334 | $ | — | ||||||||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 2,412 | — | 2,412 | — | ||||||||||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 3,635 | 3,635 | — | — | ||||||||||||
Financing obligations, at fair value (1) | 20,117 | — | — | 20,117 | ||||||||||||
Total Liabilities | $ | 2,167,498 | $ | 3,635 | $ | 2,143,746 | $ | 20,117 | ||||||||
Fair Value at December 31, 2013: | ||||||||||||||||
Assets: | ||||||||||||||||
Mortgages and notes receivable, at fair value (1) | $ | 26,485 | $ | — | $ | 17,029 | $ | 9,456 | ||||||||
Interest rate swaps (in prepaid expenses and other assets) | 301 | — | 301 | — | ||||||||||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 3,996 | 3,996 | — | — | ||||||||||||
Tax increment financing bond (in prepaid expenses and other assets) | 13,403 | — | — | 13,403 | ||||||||||||
Total Assets | $ | 44,185 | $ | 3,996 | $ | 17,330 | $ | 22,859 | ||||||||
Noncontrolling Interests in the Operating Partnership | $ | 106,480 | $ | 106,480 | $ | — | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Mortgages and notes payable, at fair value (1) | $ | 2,037,385 | $ | — | $ | 2,037,385 | $ | — | ||||||||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 510 | — | 510 | — | ||||||||||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 3,996 | 3,996 | — | — | ||||||||||||
Financing obligations, at fair value (1) | 22,478 | — | — | 22,478 | ||||||||||||
Total Liabilities | $ | 2,064,369 | $ | 3,996 | $ | 2,037,895 | $ | 22,478 | ||||||||
__________ | ||||||||||||||||
(1) Amounts recorded at historical cost on our Consolidated Balance Sheets at December 31, 2014 and 2013. | ||||||||||||||||
11 | Disclosure About Fair Value of Financial Instruments – Continued | |||||||||||||||
The following table sets forth the changes in our Level 3 asset and liability, which are recorded at fair value on our Consolidated Balance Sheets: | ||||||||||||||||
December 31, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Asset: | ||||||||||||||||
Tax Increment Financing Bond: | ||||||||||||||||
Beginning balance | $ | 13,403 | $ | 14,496 | ||||||||||||
Principal repayment | (1,540 | ) | (1,962 | ) | ||||||||||||
Unrealized gains (in AOCL) | 584 | 869 | ||||||||||||||
Ending balance | $ | 12,447 | $ | 13,403 | ||||||||||||
Liability: | ||||||||||||||||
Contingent Consideration: | ||||||||||||||||
Beginning balance | $ | — | $ | 563 | ||||||||||||
Recognized gains (in general and administrative expenses) | — | (563 | ) | |||||||||||||
Ending balance | $ | — | $ | — | ||||||||||||
During 2007, we acquired a tax increment financing bond associated with a parking garage developed by us. This bond amortizes to maturity in 2020. The estimated fair value at December 31, 2014 was $0.4 million below the outstanding principal due on the bond. If the discount rate used to fair value this bond was 100 basis points higher or lower, the fair value of the bond would have been $0.4 million lower or $0.4 million higher, respectively, as of December 31, 2014. We intend to hold this bond and have concluded that we will not be required to sell this bond before recovery of the bond principal. Payment of the principal and interest for the bond is guaranteed by us. We have recorded no credit losses related to the bond during the years ended December 31, 2014 and 2013. There is no legal right of offset with the liability, which we report as a financing obligation, related to this tax increment financing bond. | ||||||||||||||||
During 2014 and 2013, we recorded impairment charges on certain real estate assets, which were subsequently sold during the year, based upon aggregate fair values at the time of impairment of $4.9 million and $14.9 million, respectively. These impaired real estate assets were deemed to be Level 3 assets and valued based primarily on market-based inputs and our assumptions about the use of the assets, as observable inputs were not available. In the absence of observable inputs, we estimate the fair value of real estate using unobservable data such as estimated discount and capitalization rates. We also utilize local and national industry market data such as comparable sales, sales contracts and appraisals to assist us in our estimation of fair value. Significant increases or decreases in any valuation inputs in isolation would result in a significantly lower or higher fair value measurement. | ||||||||||||||||
The following table sets forth quantitative information about the unobservable inputs of our Level 3 assets, which were recorded at fair value on our Consolidated Balance Sheets: | ||||||||||||||||
Valuation | Unobservable | Rate/ Percentage | ||||||||||||||
Technique | Input | |||||||||||||||
2014 Assets: | ||||||||||||||||
Tax increment financing bond | Income approach | Discount rate | 8.40% | |||||||||||||
Impaired real estate assets | Income approach | Capitalization rate | 9.50% | |||||||||||||
Discount rate | 10.00% | |||||||||||||||
2013 Assets: | ||||||||||||||||
Tax increment financing bond | Income approach | Discount rate | 9.30% | |||||||||||||
Impaired real estate assets | Income approach | Capitalization rate | 8.5% - 10.5% | |||||||||||||
Discount rate | 9.0% - 15.0% |
Equity
Equity | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||
Equity | Equity | |||||||||||||||||||
Common Stock Issuances | ||||||||||||||||||||
During 2014, the Company issued 2,500,031 shares of Common Stock in public offerings and received net proceeds of $104.1 million. During 2013, the Company issued 8,273,690 shares of Common Stock in public offerings and received net proceeds of $295.1 million. At December 31, 2014, the Company had 107.1 million remaining shares of Common Stock authorized to be issued under its charter. | ||||||||||||||||||||
Common Stock Dividends | ||||||||||||||||||||
Dividends of the Company declared and paid per share of Common Stock aggregated $1.70 for each of the years ended December 31, 2014, 2013 and 2012. | ||||||||||||||||||||
The following table sets forth the Company's estimated taxability to the common stockholders of dividends per share for federal income tax purposes: | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Ordinary income | $ | 1.31 | $ | 1.28 | $ | 1.28 | ||||||||||||||
Capital gains | 0.29 | 0.26 | 0.24 | |||||||||||||||||
Return of capital | 0.1 | 0.16 | 0.18 | |||||||||||||||||
Total | $ | 1.7 | $ | 1.7 | $ | 1.7 | ||||||||||||||
The Company's tax returns have not been examined by the Internal Revenue Service (“IRS”) and, therefore, the taxability of dividends is subject to change. | ||||||||||||||||||||
Preferred Stock | ||||||||||||||||||||
The following table sets forth the Company's Preferred Stock: | ||||||||||||||||||||
Preferred Stock Issuances | Issue Date | Number of Shares Outstanding | Carrying Value | Liquidation Preference Per Share | Optional Redemption Date | Annual Dividends Payable Per Share | ||||||||||||||
(in thousands) | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,060 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
December 31, 2013 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,077 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
12 | Equity - Continued | |||||||||||||||||||
The following table sets forth the Company's estimated taxability to the preferred stockholders of dividends per share for federal income tax purposes: | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
8.625% Series A Cumulative Redeemable: | ||||||||||||||||||||
Ordinary income | $ | 70.41 | $ | 71.56 | $ | 72.46 | ||||||||||||||
Capital gains | 15.84 | 14.69 | 13.79 | |||||||||||||||||
Total | $ | 86.25 | $ | 86.25 | $ | 86.25 | ||||||||||||||
The Company's tax returns have not been examined by the IRS and, therefore, the taxability of dividends is subject to change. | ||||||||||||||||||||
Warrants | ||||||||||||||||||||
At December 31, 2014 and 2013, we had 15,000 warrants outstanding with an exercise price of $32.50 per share. Upon exercise of a warrant, the Company will contribute the exercise price to the Operating Partnership in exchange for Common Units. Therefore, the Operating Partnership accounts for such warrants as if issued by the Operating Partnership. These warrants have no expiration date. | ||||||||||||||||||||
Dividend Reinvestment Plan | ||||||||||||||||||||
The Company has a Dividend Reinvestment and Stock Purchase Plan (“DRIP”) under which holders of Common Stock may elect to automatically reinvest their dividends in additional shares of Common Stock and make optional cash payments for additional shares of Common Stock. The Company may elect to satisfy DRIP obligations by instructing the DRIP administrator to purchase Common Stock in the open market or issuing additional shares of Common Stock. | ||||||||||||||||||||
Common Unit Distributions | ||||||||||||||||||||
Distributions of the Operating Partnership declared and paid per Common Unit aggregated $1.70 for each of the years ended December 31, 2014, 2013 and 2012. | ||||||||||||||||||||
Redeemable Common Units | ||||||||||||||||||||
Generally, the Operating Partnership is obligated to redeem each Redeemable Common Unit at the request of the holder thereof for cash equal to the value of one share of Common Stock based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company at its option may elect to acquire any such Redeemable Common Unit presented for redemption for cash or one share of Common Stock. When a holder redeems a Redeemable Common Unit for a share of Common Stock or cash, the Company’s share in the Operating Partnership will be increased. The Common Units owned by the Company are not redeemable. | ||||||||||||||||||||
12 | Equity - Continued | |||||||||||||||||||
Preferred Units | ||||||||||||||||||||
The following table sets forth the Operating Partnership's Preferred Units: | ||||||||||||||||||||
Preferred Unit Issuances | Issue Date | Number of | Carrying | Liquidation Preference | Optional Redemption | Annual | ||||||||||||||
Units | Value | Per Unit | Date | Distributions | ||||||||||||||||
Outstanding | Payable | |||||||||||||||||||
Per Unit | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,060 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
December 31, 2013 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,077 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||
Employee Benefit Plans | Employee Benefit Plans | |||||||||||
Officer, Management and Director Compensation Programs | ||||||||||||
The officers of the Company participate in an annual non-equity incentive program pursuant to which they are eligible to earn cash payments based on a percentage of their annual base salary in effect for December of the applicable year. Under this component of our executive compensation program, officers are eligible to earn additional cash compensation to the extent specific performance-based metrics are achieved during the most recently completed year. The position held by each officer has a target annual incentive percentage that ranges from 30% to 130% of base salary. The more senior the position within the Company, the greater the portion of compensation that varies with performance. | ||||||||||||
The percentage amount an officer may earn under the annual non-equity incentive plan is the product of the target annual incentive percentage times an “actual performance factor,” which can range from zero to 200%. The actual performance factor depends upon the relationship between actual performance in specific areas at each of our divisions and predetermined goals. For corporate officers, the actual performance factor is based on the goals and criteria applied to the Company’s performance as a whole. For officers who oversee our divisions, the actual performance factor is based on the goals and criteria applied partly to that division’s performance and partly to the Company’s performance overall. Payments under our annual non-equity incentive plan are accrued and expensed in the year earned. | ||||||||||||
Certain other employees participate in a similar annual non-equity incentive program. Incentive eligibility ranges from 10% to 30% of annual base salary. The actual incentive payment is determined by a mix of the Company's overall performance, the performance of any applicable division and the individual’s performance during each year. These incentive payments are also accrued and expensed in the year earned. | ||||||||||||
13 | Employee Benefit Plans - Continued | |||||||||||
The Company's officers generally receive annual grants of stock options and restricted stock under the Company's long-term equity incentive plan on or about March 1 of each year. Restricted stock grants are also made annually to directors and certain other employees. Except as set forth in the next sentence, dividends received on restricted stock are non-forfeitable and are paid at the same rate and on the same date as on shares of Common Stock. With respect to shares of time-based restricted stock issued to the Company's chief executive officer in 2013 and total return-based restricted stock issued to the Company's chief executive officer in 2013 and 2014, dividends accumulate and are payable only if and to the extent the shares vest. Dividends paid on subsequently forfeited shares are expensed. Additional total return-based restricted stock may be issued at the end of the three-year periods if actual performance exceeds certain levels of performance. Such additional shares, if any, would be fully vested when issued. No expense is recorded for additional shares of total return-based restricted stock that may be issued at the end of the three-year period since that possibility is reflected in the grant date fair value. The following table sets forth the number of shares of Common Stock reserved for future issuance under the Company's long-term equity incentive plan: | ||||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Outstanding stock options and warrants | 592,321 | 889,382 | ||||||||||
Possible future issuance under equity incentive plans | 1,382,406 | 1,742,237 | ||||||||||
1,974,727 | 2,631,619 | |||||||||||
Of the possible future issuance under the Company' long-term equity incentive plan at December 31, 2014, no more than an additional 0.3 million shares can be in the form of restricted stock. | ||||||||||||
During the years ended December 31, 2014, 2013 and 2012, we recognized $6.9 million, $6.9 million and $7.6 million, respectively, of share-based compensation expense. Because REITs generally do not pay income taxes, we do not realize tax benefits on share-based payments. At December 31, 2014, there was $4.7 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.3 years. | ||||||||||||
- Stock Options | ||||||||||||
Stock options issued prior to 2005 and in 2014 vest ratably on an annual basis over four years and expire after 10 years. Stock options issued from 2005 through 2013 vest ratably on an annual basis over four years and expire after seven years. The value of all options as of the date of grant is calculated using the Black-Scholes option-pricing model and is amortized over the respective vesting period or the service period, if shorter, for employees who are or will become eligible under the Company's retirement plan. The weighted average fair values of options granted during 2014, 2013 and 2012 were $6.75, $6.50 and $5.47, respectively, per option. The fair values of the options granted were determined at the grant dates using the following assumptions: | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Risk free interest rate (1) | 1.8 | % | 1 | % | 1.1 | % | ||||||
Common stock dividend yield (2) | 4.5 | % | 4.7 | % | 5.3 | % | ||||||
Expected volatility (3) | 30.3 | % | 32.4 | % | 33.4 | % | ||||||
Average expected option life (years) (4) | 5.75 | 5.75 | 5.75 | |||||||||
__________ | ||||||||||||
-1 | Represents the interest rate as of the grant date on US treasury bonds having the same life as the estimated life of the option grants. | |||||||||||
-2 | The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the per share price of Common Stock on the date of grant. | |||||||||||
-3 | Based on the historical volatility of Common Stock over a period relevant to the related stock option grant. | |||||||||||
-4 | The average expected option life is based on an analysis of the Company's historical data. | |||||||||||
13 | Employee Benefit Plans - Continued | |||||||||||
The following table sets forth stock option activity: | ||||||||||||
Options Outstanding | ||||||||||||
Number of Options | Weighted Average Exercise Price | |||||||||||
Balances at December 31, 2011 | 1,209,455 | $ | 29.08 | |||||||||
Options granted | 190,886 | 31.97 | ||||||||||
Options exercised | (271,032 | ) | 26.87 | |||||||||
Balances at December 31, 2012 | 1,129,309 | 30.1 | ||||||||||
Options granted | 168,700 | 36.5 | ||||||||||
Options exercised | (423,627 | ) | 28.22 | |||||||||
Balances at December 31, 2013 | 874,382 | 32.24 | ||||||||||
Options granted | 190,330 | 37.9 | ||||||||||
Options canceled | (134,628 | ) | 41.93 | |||||||||
Options exercised | (352,763 | ) | 27.21 | |||||||||
Balances at December 31, 2014 (1) (2) | 577,321 | $ | 34.92 | |||||||||
__________ | ||||||||||||
-1 | The outstanding options at December 31, 2014 had a weighted average remaining life of 5.8 years. | |||||||||||
-2 | The Company had 128,364 options exercisable at December 31, 2014 with a weighted average exercise price of $31.44, weighted average remaining life of 3.1 years and intrinsic value of $1.6 million. Of these exercisable options, there were no exercise prices higher than the market price of our Common Stock at December 31, 2014. | |||||||||||
Cash received or receivable from options exercised was $11.1 million, $12.5 million and $7.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. The total intrinsic value of options exercised during the years ended December 31, 2014, 2013 and 2012 was $5.0 million, $3.9 million and $1.9 million, respectively. The total intrinsic value of options outstanding at December 31, 2014, 2013 and 2012 was $5.4 million, $4.3 million and $5.0 million, respectively. The Company generally does not permit the net cash settlement of exercised stock options, but does permit net share settlement so long as the shares received are held for at least one year. The Company has a practice of issuing new shares to satisfy stock option exercises. | ||||||||||||
- Time-Based Restricted Stock | ||||||||||||
Shares of time-based restricted stock vest ratably on an annual basis over four years. The value of grants of time-based restricted stock is based on the market value of Common Stock as of the date of grant and is amortized to expense over the respective vesting period or the service period, if shorter, for employees who are or will become eligible under the Company's retirement plan. | ||||||||||||
13 | Employee Benefit Plans - Continued | |||||||||||
The following table sets forth time-based restricted stock activity: | ||||||||||||
Number of Shares | Weighted Average Grant Date Fair Value | |||||||||||
Restricted shares outstanding at December 31, 2011 | 224,661 | $ | 28.02 | |||||||||
Awarded and issued (1) | 90,983 | 32.27 | ||||||||||
Vested (2) | (92,239 | ) | 27.14 | |||||||||
Forfeited | (903 | ) | 30.12 | |||||||||
Restricted shares outstanding at December 31, 2012 | 222,502 | 30.31 | ||||||||||
Awarded and issued (1) | 86,144 | 36.64 | ||||||||||
Vested (2) | (94,037 | ) | 27.8 | |||||||||
Forfeited | (1,813 | ) | 36.01 | |||||||||
Restricted shares outstanding at December 31, 2013 | 212,796 | 33.96 | ||||||||||
Awarded and issued (1) | 94,932 | 37.76 | ||||||||||
Vested (2) | (85,660 | ) | 32.87 | |||||||||
Restricted shares outstanding at December 31, 2014 | 222,068 | $ | 35.97 | |||||||||
__________ | ||||||||||||
-1 | The weighted average fair value at grant date of time-based restricted stock issued during the years ended December 31, 2014, 2013 and 2012 was $3.6 million, $3.2 million and $2.9 million, respectively. | |||||||||||
-2 | The vesting date fair value of time-based restricted stock that vested during the years ended December 31, 2014, 2013 and 2012 was $3.2 million, $3.4 million and $2.9 million, respectively. Vested shares include those shares surrendered by employees to satisfy tax withholding obligations in connection with such vesting. | |||||||||||
- Total Return-Based Restricted Stock | ||||||||||||
Shares of total return-based restricted stock vest to the extent the Company's absolute total returns for certain pre-determined three-year periods exceed predetermined goals. The amount subject to vesting ranges from zero to 150% with respect to total return-based restricted stock issued in 2013 and 2014 and from zero to 250% with respect to total return-based restricted stock issued in 2012. Notwithstanding the Company’s absolute total returns, if the Company’s total return exceeds 100% of the peer group total return index, at least 50% of total return-based restricted stock issued in 2012 and 2013 will vest at the end of the applicable period and at least 75% of total return-based restricted stock issued in 2014 will vest at the end of the applicable period. The weighted average grant date fair value of such shares of total return-based restricted stock was determined to be $35.58, $31.73 and $38.71, respectively, and is amortized over the respective three-year period or the service period, if shorter, for employees who are or will become eligible under the Company's retirement plan. The fair values of the total return-based restricted stock granted were determined at the grant dates using a Monte Carlo simulation model and the following assumptions: | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Risk free interest rate (1) | 0.7 | % | 0.4 | % | 0.4 | % | ||||||
Common stock dividend yield (2) | 4.7 | % | 4.9 | % | 5.4 | % | ||||||
Expected volatility (3) | 43.4 | % | 43.4 | % | 43.7 | % | ||||||
__________ | ||||||||||||
-1 | Represents the interest rate as of the grant date on US treasury bonds having the same life as the estimated life of the total return-based restricted stock grants. | |||||||||||
-2 | The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the average per share price of Common Stock during the three-month period preceding the date of grant. | |||||||||||
-3 | Based on the historical volatility of Common Stock over a period relevant to the related total return-based restricted stock grant. | |||||||||||
13 | Employee Benefit Plans - Continued | |||||||||||
The following table sets forth total return-based restricted stock activity: | ||||||||||||
Number of Shares | Weighted Average Grant Date Fair Value | |||||||||||
Restricted shares outstanding at December 31, 2011 | 122,829 | $ | 34.86 | |||||||||
Awarded and issued (1) | 67,902 | 38.71 | ||||||||||
Vested (2) | (32,722 | ) | 29.47 | |||||||||
Forfeited | (32,721 | ) | 29.47 | |||||||||
Restricted shares outstanding at December 31, 2012 | 125,288 | 32.87 | ||||||||||
Awarded and issued (1) | 65,486 | 31.73 | ||||||||||
Vested (2) | (41,863 | ) | 24.75 | |||||||||
Forfeited | (15,523 | ) | 24.75 | |||||||||
Restricted shares outstanding at December 31, 2013 | 133,388 | 35.29 | ||||||||||
Awarded and issued (1) | 74,569 | 35.58 | ||||||||||
Restricted shares outstanding at December 31, 2014 | 207,957 | $ | 35.7 | |||||||||
__________ | ||||||||||||
-1 | The fair value at grant date of total return-based restricted stock issued during the years ended December 31, 2014, 2013 and 2012 was $2.7 million, $2.1 million and $2.6 million, respectively. | |||||||||||
-2 | The vesting date fair value of total return-based restricted stock that vested during the years ended December 31, 2013 and 2012 was $1.5 million and $1.1 million, respectively. Vested shares include those shares surrendered by employees to satisfy tax withholding obligations in connection with such vesting. There were no vested shares of total return-based restricted stock during the year ended December 31, 2014. | |||||||||||
401(k) Retirement Savings Plan | ||||||||||||
We have a 401(k) Retirement Savings Plan covering substantially all employees who meet certain age and employment criteria. We contribute amounts for each participant at a rate of 75% of the employee’s contribution (up to 6% of each employee’s bi-weekly salary and cash incentives, subject to statutory limits). During the years ended December 31, 2014, 2013 and 2012, we contributed $1.2 million, $1.1 million and $1.0 million, respectively, to the 401(k) savings plan. The assets of this qualified plan are not included in our Consolidated Financial Statements since the assets are not owned by us. | ||||||||||||
Retirement Plan | ||||||||||||
The Company has adopted a retirement plan applicable to all employees who, at the time of retirement, have at least 30 years of continuous qualified service or are at least 55 years old and have at least 10 years of continuous qualified service. Subject to advance written notice and compliance with a non-compete agreement with us, eligible retirees would be entitled to receive a pro rata amount of the annual non-equity incentive compensation earned during the year of retirement. Stock options and time-based restricted stock granted to such eligible retiree during his or her employment would be non-forfeitable and vest according to the terms of their original grants. Eligible retirees would also be entitled to retain any total return-based restricted stock originally granted to such eligible retiree during his or her employment that subsequently vests after the retirement date according to the terms of their original grants. For employees who meet the age and service eligibility requirements, 100% of their annual grants are expensed at the grant date as if fully vested. For employees who will meet the age and service eligibility requirements within the normal vesting periods, the grants are amortized over the shorter service period. | ||||||||||||
13 | Employee Benefit Plans - Continued | |||||||||||
Deferred Compensation | ||||||||||||
Prior to 2010, officers could elect to defer all or a portion of their base salary and/or amounts earned under our annual non-equity incentive plan, which was then invested in unrelated mutual funds under our non-qualified deferred compensation plan. These investments are recorded at fair value, which aggregated $3.6 million and $4.0 million at December 31, 2014 and 2013, respectively, and are included in prepaid expenses and other assets, with an offsetting deferred compensation liability recorded in accounts payable, accrued expenses and other liabilities. Deferred amounts ultimately payable to the participants are based on the value of the related mutual fund investments. Accordingly, changes in the value of the unrelated mutual funds are recorded in interest and other income and the corresponding offsetting changes in the deferred compensation liability are recorded in general and administration expense. As a result, there is no effect on our net income. | ||||||||||||
The following table sets forth our deferred compensation liability: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Beginning deferred compensation liability | $ | 3,996 | $ | 3,354 | $ | 3,149 | ||||||
Mark-to-market adjustment to deferred compensation (in general and administrative expenses) | 235 | 803 | 475 | |||||||||
Distributions from deferred compensation plans | (596 | ) | (161 | ) | (270 | ) | ||||||
Total deferred compensation liability | $ | 3,635 | $ | 3,996 | $ | 3,354 | ||||||
Employee Stock Purchase Plan | ||||||||||||
The Company has an Employee Stock Purchase Plan pursuant to which employees may contribute up to 25% of their cash compensation for the purchase of Common Stock. At the end of each quarterly offering period, each participant's account balance, which includes accumulated dividends, is applied to acquire shares of Common Stock at a cost that is calculated at 85% of the average closing price on the New York Stock Exchange on the five consecutive days preceding the last day of the quarter. In the years ended December 31, 2014, 2013 and 2012, the Company issued 28,682, 27,250 and 34,126 shares, respectively, of Common Stock under this Plan. The 15% discount on newly issued shares, which is taxable income to the participants and is recorded by us as additional compensation expense, aggregated $0.2 million in each of the years ended December 31, 2014, 2013 and 2012. As a general rule, shares purchased under the Plan must be held for at least one year. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss | |||||||
The following table sets forth the components of AOCL: | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Tax increment financing bond: | ||||||||
Beginning balance | $ | (1,029 | ) | $ | (1,898 | ) | ||
Unrealized gains on tax increment financing bond | 584 | 869 | ||||||
Ending balance | (445 | ) | (1,029 | ) | ||||
Cash flow hedges: | ||||||||
Beginning balance | (1,582 | ) | (10,730 | ) | ||||
Unrealized gains/(losses) on cash flow hedges | (5,662 | ) | 5,778 | |||||
Amortization of cash flow hedges (1) | 3,777 | 3,370 | ||||||
Ending balance | (3,467 | ) | (1,582 | ) | ||||
Total accumulated other comprehensive loss | $ | (3,912 | ) | $ | (2,611 | ) | ||
__________ | ||||||||
-1 | Amounts reclassified out of AOCL into contractual interest expense. |
Rental_and_Other_Revenues_Rent
Rental and Other Revenues; Rental Property and Other Expenses | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Rental and Other Revenues; Rental Property And Other Expenses [Abstract] | ||||||||||||
Rental and Other Revenues; Rental Property and Other Expenses | Rental and Other Revenues; Rental Property and Other Expenses | |||||||||||
Our real estate assets are leased to customers under operating leases. The minimum rental amounts under the leases are generally subject to scheduled fixed increases. Generally, the leases also provide that we receive cost recovery income from customers for increases in certain costs above the costs incurred during a contractually specified base year. The following table sets forth our rental and other revenues from continuing operations: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Contractual rents, net | $ | 512,766 | $ | 474,163 | $ | 413,650 | ||||||
Straight-line rental income, net | 21,281 | 17,226 | 16,104 | |||||||||
Amortization of lease incentives | (1,465 | ) | (1,409 | ) | (1,389 | ) | ||||||
Cost recovery income, net | 51,273 | 43,586 | 38,547 | |||||||||
Lease termination fees | 2,203 | 2,030 | 1,848 | |||||||||
Fee income | 3,560 | 5,557 | 4,965 | |||||||||
Other miscellaneous operating revenues | 18,850 | 15,657 | 11,321 | |||||||||
$ | 608,468 | $ | 556,810 | $ | 485,046 | |||||||
The following table sets forth our scheduled future minimum base rents to be received from customers for leases in effect at December 31, 2014 for the properties that we wholly own: | ||||||||||||
2015 | $ | 540,981 | ||||||||||
2016 | 521,790 | |||||||||||
2017 | 472,532 | |||||||||||
2018 | 422,418 | |||||||||||
2019 | 364,170 | |||||||||||
Thereafter | 1,304,381 | |||||||||||
$ | 3,626,272 | |||||||||||
The following table sets forth our rental property and other expenses from continuing operations: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Utilities, insurance and real estate taxes | $ | 120,380 | $ | 108,095 | $ | 94,710 | ||||||
Maintenance, cleaning and general building | 82,983 | 75,969 | 65,430 | |||||||||
Property management and administrative expenses | 13,110 | 12,429 | 11,718 | |||||||||
Other miscellaneous operating expenses | 9,031 | 6,851 | 4,886 | |||||||||
$ | 225,504 | $ | 203,344 | $ | 176,744 | |||||||
Real_Estate_and_Other_Assets_H
Real Estate and Other Assets Held For Sale and Discontinued Operations | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||
Discontinued Operations | Discontinued Operations | |||||||||||
The following table sets forth the major classes of assets of our real estate and other assets, net, held for sale: | ||||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Assets: | ||||||||||||
Land held for development | $ | 995 | $ | — | ||||||||
Net real estate assets | 995 | — | ||||||||||
Prepaid expenses and other assets | 43 | — | ||||||||||
Real estate and other assets, net, held for sale | $ | 1,038 | $ | — | ||||||||
The following table sets forth our operations that were classified as discontinued operations prior to the adoption of the accounting standard update discussed in Note 1: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Rental and other revenues | $ | — | $ | 20,812 | $ | 41,176 | ||||||
Operating expenses: | ||||||||||||
Rental property and other expenses | — | 8,283 | 14,456 | |||||||||
Depreciation and amortization | — | 5,753 | 11,970 | |||||||||
Total operating expenses | — | 14,036 | 26,426 | |||||||||
Interest expense | — | — | 283 | |||||||||
Income from discontinued operations | — | 6,776 | 14,467 | |||||||||
Impairments of real estate assets | — | (2,194 | ) | — | ||||||||
Net gains on disposition of discontinued operations | 384 | 63,792 | 29,455 | |||||||||
Total discontinued operations | $ | 384 | $ | 68,374 | $ | 43,922 | ||||||
As of December 31, 2014, real estate and other assets, net, held for sale consisted of a land parcel in Richmond, VA and two land parcels in Raleigh, NC, none of which were classified as discontinued operations during the year ended December 31, 2014. As of December 31, 2013, there were no real estate and other assets, net, held for sale. |
Earnings_Per_ShareUnit
Earnings Per Share/Unit | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Earnings Per Share/Unit Basic and Diluted [Line Items] | ||||||||||||
Earnings Per Share and Per Unit | Earnings Per Share and Per Unit | |||||||||||
The following table sets forth the computation of basic and diluted earnings per share of the Company: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Earnings per Common Share - basic: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,723 | $ | 40,313 | ||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations | (3,530 | ) | (2,185 | ) | (1,767 | ) | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Dividends on Preferred Stock | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common stockholders | 108,085 | 57,081 | 35,252 | |||||||||
Income from discontinued operations | 384 | 68,374 | 43,922 | |||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations | (12 | ) | (2,506 | ) | (2,087 | ) | ||||||
Income from discontinued operations available for common stockholders | 372 | 65,868 | 41,835 | |||||||||
Net income available for common stockholders | $ | 108,457 | $ | 122,949 | $ | 77,087 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Share – weighted average shares | 90,743 | 85,335 | 75,811 | |||||||||
Earnings per Common Share - basic: | ||||||||||||
Income from continuing operations available for common stockholders | $ | 1.2 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common stockholders | — | 0.77 | 0.55 | |||||||||
Net income available for common stockholders | $ | 1.2 | $ | 1.44 | $ | 1.02 | ||||||
Earnings per Common Share - diluted: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,723 | $ | 40,313 | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Dividends on Preferred Stock | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | 111,615 | 59,266 | 37,019 | |||||||||
Income from discontinued operations available for common stockholders | 384 | 68,374 | 43,922 | |||||||||
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 111,999 | $ | 127,640 | $ | 80,941 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Share – weighted average shares | 90,743 | 85,335 | 75,811 | |||||||||
Add: | ||||||||||||
Stock options using the treasury method | 119 | 114 | 122 | |||||||||
Noncontrolling interests Common Units | 2,938 | 3,387 | 3,745 | |||||||||
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) (2) | 93,800 | 88,836 | 79,678 | |||||||||
Earnings per Common Share - diluted: | ||||||||||||
Income from continuing operations available for common stockholders | $ | 1.19 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common stockholders | — | 0.77 | 0.55 | |||||||||
Net income available for common stockholders | $ | 1.19 | $ | 1.44 | $ | 1.02 | ||||||
__________ | ||||||||||||
17 | Earnings Per Share and Per Unit - Continued | |||||||||||
-1 | There were 0.3 million and 0.5 million options outstanding during the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014. | |||||||||||
-2 | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. | |||||||||||
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Earnings per Common Unit - basic: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,672 | $ | 40,373 | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Distributions on Preferred Units | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||||||||
Income from discontinued operations available for common unitholders | 384 | 68,374 | 43,922 | |||||||||
Net income available for common unitholders | $ | 111,999 | $ | 127,589 | $ | 81,001 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Unit – weighted average units | 93,272 | 88,313 | 79,147 | |||||||||
Earnings per Common Unit - basic: | ||||||||||||
Income from continuing operations available for common unitholders | $ | 1.2 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common unitholders | — | 0.77 | 0.55 | |||||||||
Net income available for common unitholders | $ | 1.2 | $ | 1.44 | $ | 1.02 | ||||||
Earnings per Common Unit - diluted: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,672 | $ | 40,373 | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Distributions on Preferred Units | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||||||||
Income from discontinued operations available for common unitholders | 384 | 68,374 | 43,922 | |||||||||
Net income available for common unitholders | $ | 111,999 | $ | 127,589 | $ | 81,001 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Unit – weighted average units | 93,272 | 88,313 | 79,147 | |||||||||
Add: | ||||||||||||
Stock options using the treasury method | 119 | 114 | 122 | |||||||||
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) (2) | 93,391 | 88,427 | 79,269 | |||||||||
Earnings per Common Unit - diluted: | ||||||||||||
Income from continuing operations available for common unitholders | $ | 1.2 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common unitholders | — | 0.77 | 0.55 | |||||||||
Net income available for common unitholders | $ | 1.2 | $ | 1.44 | $ | 1.02 | ||||||
__________ | ||||||||||||
-1 | There were 0.3 million and 0.5 million options outstanding during the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014. | |||||||||||
-2 | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. | |||||||||||
Income_Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes |
Our Consolidated Financial Statements include the operations of the Company's taxable REIT subsidiary, which is not entitled to the dividends paid deduction and is subject to federal, state and local income taxes on its taxable income. As a REIT, the Company may also be subject to federal excise taxes if we engage in certain types of transactions. | |
The minimum dividend per share of Common Stock required for the Company to maintain its REIT status was $1.13, $1.08 and $1.07 per share in 2014, 2013 and 2012, respectively. Continued qualification as a REIT depends on the Company's ability to satisfy the dividend distribution tests, stock ownership requirements and various other qualification tests prescribed in the Code. The tax basis of the Company's assets (net of accumulated tax depreciation and amortization) and liabilities was approximately $3.6 billion and $2.2 billion, respectively, at December 31, 2014 and $3.4 billion and $2.1 billion, respectively, at December 31, 2013. The tax basis of the Operating Partnership's assets (net of accumulated tax depreciation and amortization) and liabilities was approximately $3.6 billion and $2.2 billion, respectively, at December 31, 2014 and $3.4 billion and $2.1 billion, respectively, at December 31, 2013. | |
During the years ended December 31, 2014, 2013 and 2012, the Company qualified as a REIT, distributed the necessary amount of taxable income and, therefore, incurred no federal income tax expense; accordingly, the only federal income taxes included in the accompanying Consolidated Financial Statements relate to activities of the Company's taxable REIT subsidiary. | |
At December 31, 2014 and 2013, the taxable REIT subsidiary had net deferred tax assets of $0.1 million and net deferred tax liabilities of $1.8 million, respectively, comprised primarily of tax versus book basis differences in certain investments held by the taxable REIT subsidiary. In 2014, the taxable REIT subsidiary recognized $1.9 million of deferred income tax revenue and incurred $1.6 million of income tax expense. In 2013, the taxable REIT subsidiary incurred $2.1 million of income tax expense, including $1.7 million netted against the gain included in equity in earnings of unconsolidated affiliates. Income taxes are not material to our operating results or financial position. | |
The Company is subject to federal, state and local income tax examinations by tax authorities for 2011 through 2014. |
Segment_Information
Segment Information | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Segment Reporting [Abstract] | ||||||||||||
Segment Information | Segment Information | |||||||||||
Our principal business is the operation, acquisition and development of rental real estate properties. We evaluate our business by product type and by geographic location. Each product type has different customers and economic characteristics as to rental rates and terms, cost per rentable square foot of buildings, the purposes for which customers use the space, the degree of maintenance and customer support required and customer dependency on different economic drivers, among others. The operating results by geographic grouping are also regularly reviewed by our chief operating decision maker for assessing performance and other purposes. There are no material inter-segment transactions. | ||||||||||||
Our accounting policies of the segments are the same as those used in our Consolidated Financial Statements. All operations are within the United States. | ||||||||||||
The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments: | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Rental and Other Revenues: | ||||||||||||
Office: | ||||||||||||
Atlanta, GA | $ | 96,075 | $ | 80,330 | $ | 60,474 | ||||||
Greensboro, NC | 25,018 | 26,047 | 19,489 | |||||||||
Greenville, SC | 2,140 | 3,399 | 3,269 | |||||||||
Kansas City, MO | 16,558 | 16,303 | 14,995 | |||||||||
Memphis, TN | 41,016 | 38,369 | 36,812 | |||||||||
Nashville, TN | 80,722 | 62,054 | 56,512 | |||||||||
Orlando, FL | 36,574 | 21,798 | 9,052 | |||||||||
Pittsburgh, PA | 56,692 | 56,125 | 38,776 | |||||||||
Raleigh, NC | 87,428 | 85,417 | 81,581 | |||||||||
Richmond, VA | 45,559 | 47,576 | 47,284 | |||||||||
Tampa, FL | 69,693 | 68,519 | 66,287 | |||||||||
Total Office Segment | 557,475 | 505,937 | 434,531 | |||||||||
Industrial: | ||||||||||||
Atlanta, GA | 657 | 827 | 812 | |||||||||
Greensboro, NC | 11,555 | 12,170 | 12,512 | |||||||||
Total Industrial Segment | 12,212 | 12,997 | 13,324 | |||||||||
Retail: | ||||||||||||
Kansas City, MO | 38,781 | 37,876 | 37,191 | |||||||||
Total Retail Segment | 38,781 | 37,876 | 37,191 | |||||||||
Total Rental and Other Revenues | $ | 608,468 | $ | 556,810 | $ | 485,046 | ||||||
19 | Segment Information - Continued | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net Operating Income: | ||||||||||||
Office: | ||||||||||||
Atlanta, GA | $ | 58,180 | $ | 49,650 | $ | 38,186 | ||||||
Greensboro, NC | 15,784 | 16,788 | 12,282 | |||||||||
Greenville, SC | 1,150 | 1,893 | 1,701 | |||||||||
Kansas City, MO | 10,769 | 10,694 | 9,509 | |||||||||
Memphis, TN | 24,376 | 22,133 | 21,831 | |||||||||
Nashville, TN | 55,354 | 42,598 | 38,801 | |||||||||
Orlando, FL | 21,286 | 12,048 | 4,334 | |||||||||
Pittsburgh, PA | 31,505 | 31,134 | 19,530 | |||||||||
Raleigh, NC | 61,317 | 60,075 | 56,584 | |||||||||
Richmond, VA | 30,021 | 32,454 | 32,382 | |||||||||
Tampa, FL | 40,875 | 41,573 | 41,306 | |||||||||
Total Office Segment | 350,617 | 321,040 | 276,446 | |||||||||
Industrial: | ||||||||||||
Atlanta, GA | 364 | 492 | 468 | |||||||||
Greensboro, NC | 8,350 | 8,937 | 9,142 | |||||||||
Total Industrial Segment | 8,714 | 9,429 | 9,610 | |||||||||
Retail: | ||||||||||||
Kansas City, MO | 23,724 | 23,074 | 22,510 | |||||||||
Total Retail Segment | 23,724 | 23,074 | 22,510 | |||||||||
Residential: | ||||||||||||
Raleigh, NC | — | — | (178 | ) | ||||||||
Total Residential Segment | — | — | (178 | ) | ||||||||
Corporate and other | (91 | ) | (77 | ) | (86 | ) | ||||||
Total Net Operating Income | 382,964 | 353,466 | 308,302 | |||||||||
Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates: | ||||||||||||
Depreciation and amortization | (196,023 | ) | (176,957 | ) | (146,357 | ) | ||||||
Impairments of real estate assets | (588 | ) | — | — | ||||||||
General and administrative expenses | (36,223 | ) | (37,193 | ) | (37,377 | ) | ||||||
Interest expense | (85,852 | ) | (92,703 | ) | (96,114 | ) | ||||||
Other income | 5,131 | 6,398 | 6,380 | |||||||||
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates | $ | 69,409 | $ | 53,011 | $ | 34,834 | ||||||
19 | Segment Information - Continued | |||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Total Assets: | ||||||||||||
Office: | ||||||||||||
Atlanta, GA | $ | 700,085 | $ | 699,263 | ||||||||
Greensboro, NC | 139,479 | 164,885 | ||||||||||
Greenville, SC | — | 15,890 | ||||||||||
Kansas City, MO | 82,304 | 83,124 | ||||||||||
Memphis, TN | 280,186 | 249,479 | ||||||||||
Nashville, TN | 527,317 | 490,887 | ||||||||||
Orlando, FL | 291,611 | 226,314 | ||||||||||
Pittsburgh, PA | 334,539 | 335,798 | ||||||||||
Raleigh, NC | 669,450 | 494,208 | ||||||||||
Richmond, VA | 215,987 | 241,739 | ||||||||||
Tampa, FL | 420,828 | 424,287 | ||||||||||
Total Office Segment | 3,661,786 | 3,425,874 | ||||||||||
Industrial: | ||||||||||||
Atlanta, GA | 12,063 | 25,936 | ||||||||||
Greensboro, NC | 67,471 | 74,836 | ||||||||||
Total Industrial Segment | 79,534 | 100,772 | ||||||||||
Retail: | ||||||||||||
Kansas City, MO | 159,390 | 161,779 | ||||||||||
Total Retail Segment | 159,390 | 161,779 | ||||||||||
Corporate and other | 104,199 | 118,676 | ||||||||||
Total Assets | $ | 4,004,909 | $ | 3,807,101 | ||||||||
Quarterly_Financial_Data_Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Quarterly Financial Data [Line Items] | ||||||||||||||||||||
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
The following tables set forth quarterly financial information of the Company: | ||||||||||||||||||||
Year Ended December 31, 2014 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 148,453 | $ | 152,722 | $ | 152,629 | $ | 154,664 | $ | 608,468 | ||||||||||
Income from continuing operations | 13,192 | 24,512 | 54,299 | 23,585 | 115,588 | |||||||||||||||
Income from discontinued operations | 384 | — | — | — | 384 | |||||||||||||||
Net income | 13,576 | 24,512 | 54,299 | 23,585 | 115,972 | |||||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | (398 | ) | (742 | ) | (1,673 | ) | (729 | ) | (3,542 | ) | ||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (423 | ) | (438 | ) | (291 | ) | (314 | ) | (1,466 | ) | ||||||||||
Dividends on Preferred Stock | (627 | ) | (627 | ) | (627 | ) | (626 | ) | (2,507 | ) | ||||||||||
Net income available for common stockholders | $ | 12,128 | $ | 22,705 | $ | 51,708 | $ | 21,916 | $ | 108,457 | ||||||||||
Earnings per Common Share – basic: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Net income available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Earnings per Common Share – diluted: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.19 | ||||||||||
Net income available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.19 | ||||||||||
20 | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 130,377 | $ | 132,618 | $ | 144,827 | $ | 148,988 | $ | 556,810 | ||||||||||
Income from continuing operations | 11,300 | 15,487 | 16,608 | 19,328 | 62,723 | |||||||||||||||
Income from discontinued operations | 2,460 | 14,092 | 39,460 | 12,362 | 68,374 | |||||||||||||||
Net income | 13,760 | 29,579 | 56,068 | 31,690 | 131,097 | |||||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | (581 | ) | (1,243 | ) | (1,889 | ) | (978 | ) | (4,691 | ) | ||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (203 | ) | (187 | ) | (203 | ) | (356 | ) | (949 | ) | ||||||||||
Dividends on Preferred Stock | (627 | ) | (627 | ) | (627 | ) | (627 | ) | (2,508 | ) | ||||||||||
Net income available for common stockholders | $ | 12,349 | $ | 27,522 | $ | 53,349 | $ | 29,729 | $ | 122,949 | ||||||||||
Earnings per Common Share – basic: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common stockholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common stockholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
Earnings per Common Share – diluted: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common stockholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common stockholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
20 | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
The following tables set forth quarterly financial information of the Operating Partnership: | ||||||||||||||||||||
Year Ended December 31, 2014 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 148,453 | $ | 152,722 | $ | 152,629 | $ | 154,664 | $ | 608,468 | ||||||||||
Income from continuing operations | 13,192 | 24,512 | 54,299 | 23,585 | 115,588 | |||||||||||||||
Income from discontinued operations | 384 | — | — | — | 384 | |||||||||||||||
Net income | 13,576 | 24,512 | 54,299 | 23,585 | 115,972 | |||||||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (423 | ) | (438 | ) | (291 | ) | (314 | ) | (1,466 | ) | ||||||||||
Distributions on Preferred Units | (627 | ) | (627 | ) | (627 | ) | (626 | ) | (2,507 | ) | ||||||||||
Net income available for common unitholders | $ | 12,526 | $ | 23,447 | $ | 53,381 | $ | 22,645 | $ | 111,999 | ||||||||||
Earnings per Common Unit – basic: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Income from discontinued operations available for common unitholders | 0.01 | — | — | — | — | |||||||||||||||
Net income available for common unitholders | $ | 0.14 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Earnings per Common Unit – diluted: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Income from discontinued operations available for common unitholders | 0.01 | — | — | — | — | |||||||||||||||
Net income available for common unitholders | $ | 0.14 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
20 | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 130,377 | $ | 132,618 | $ | 144,827 | $ | 148,988 | $ | 556,810 | ||||||||||
Income from continuing operations | 11,247 | 15,490 | 16,607 | 19,328 | 62,672 | |||||||||||||||
Income from discontinued operations | 2,460 | 14,092 | 39,460 | 12,362 | 68,374 | |||||||||||||||
Net income | 13,707 | 29,582 | 56,067 | 31,690 | 131,046 | |||||||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (203 | ) | (187 | ) | (203 | ) | (356 | ) | (949 | ) | ||||||||||
Distributions on Preferred Units | (627 | ) | (627 | ) | (627 | ) | (627 | ) | (2,508 | ) | ||||||||||
Net income available for common unitholders | $ | 12,877 | $ | 28,768 | $ | 55,237 | $ | 30,707 | $ | 127,589 | ||||||||||
Earnings per Common Unit – basic: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common unitholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common unitholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
Earnings per Common Unit – diluted: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common unitholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common unitholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
Schedule_II
Schedule II | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ||||||||||||||||
Schedule of Valuation and Qualifying Accounts | SCHEDULE II | |||||||||||||||
(in thousands) | ||||||||||||||||
The following table sets forth the activity of allowance for doubtful accounts: | ||||||||||||||||
Balance at December 31, 2013 | Additions | Deductions | Balance at December 31, 2014 | |||||||||||||
Allowance for Doubtful Accounts - Straight-Line Rent | $ | 1,063 | $ | 1,277 | $ | (1,740 | ) | $ | 600 | |||||||
Allowance for Doubtful Accounts - Accounts Receivable | 1,648 | 1,342 | (1,676 | ) | 1,314 | |||||||||||
Allowance for Doubtful Accounts - Notes Receivable | 302 | — | (27 | ) | 275 | |||||||||||
Totals | $ | 3,013 | $ | 2,619 | $ | (3,443 | ) | $ | 2,189 | |||||||
Balance at December 31, 2012 | Additions | Deductions | Balance at December 31, 2013 | |||||||||||||
Allowance for Doubtful Accounts - Straight-Line Rent | $ | 813 | $ | 545 | $ | (295 | ) | $ | 1,063 | |||||||
Allowance for Doubtful Accounts - Accounts Receivable | 2,848 | 851 | (2,051 | ) | 1,648 | |||||||||||
Allowance for Doubtful Accounts - Notes Receivable | 182 | 120 | — | 302 | ||||||||||||
Totals | $ | 3,843 | $ | 1,516 | $ | (2,346 | ) | $ | 3,013 | |||||||
Balance at December 31, 2011 | Additions | Deductions | Balance at December 31, 2012 | |||||||||||||
Allowance for Doubtful Accounts - Straight-Line Rent | $ | 1,294 | $ | 1,382 | $ | (1,863 | ) | $ | 813 | |||||||
Allowance for Doubtful Accounts - Accounts Receivable | 3,548 | 767 | (1,467 | ) | 2,848 | |||||||||||
Allowance for Doubtful Accounts - Notes Receivable | 61 | 186 | (65 | ) | 182 | |||||||||||
Totals | $ | 4,903 | $ | 2,335 | $ | (3,395 | ) | $ | 3,843 | |||||||
Schedule_III
Schedule III | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Real Estate And Accumulated Depreciation Note To Schedule III [Text Block] | HIGHWOODS PROPERTIES, INC. | ||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
NOTE TO SCHEDULE III | |||||||||||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||||||||||
The following table sets forth the activity of real estate assets and accumulated depreciation: | |||||||||||||||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||
Real estate assets: | |||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 4,252,845 | $ | 3,547,696 | $ | 3,221,991 | |||||||||||||||||||||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||||||||||||||||
Acquisitions, development and improvements | 282,105 | 735,183 | 366,556 | ||||||||||||||||||||||||||||||||||||||||
Cost of real estate sold and retired | (225,414 | ) | (30,034 | ) | (40,851 | ) | |||||||||||||||||||||||||||||||||||||
Ending balance (a) | $ | 4,309,536 | $ | 4,252,845 | $ | 3,547,696 | |||||||||||||||||||||||||||||||||||||
Accumulated depreciation: | |||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 985,244 | $ | 876,446 | $ | 799,094 | |||||||||||||||||||||||||||||||||||||
Depreciation expense | 154,448 | 138,163 | 118,223 | ||||||||||||||||||||||||||||||||||||||||
Real estate sold and retired | (106,586 | ) | (29,365 | ) | (40,871 | ) | |||||||||||||||||||||||||||||||||||||
Ending balance (b) | $ | 1,033,106 | $ | 985,244 | $ | 876,446 | |||||||||||||||||||||||||||||||||||||
(a) | Reconciliation of total real estate assets to balance sheet caption: | ||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||
Total per Schedule III | $ | 4,309,536 | $ | 4,252,845 | $ | 3,547,696 | |||||||||||||||||||||||||||||||||||||
Development in progress exclusive of land included in Schedule III | 205,971 | 44,621 | 21,198 | ||||||||||||||||||||||||||||||||||||||||
Real estate assets, net, held for sale | (995 | ) | — | — | |||||||||||||||||||||||||||||||||||||||
Total real estate assets | $ | 4,514,512 | $ | 4,297,466 | $ | 3,568,894 | |||||||||||||||||||||||||||||||||||||
(b) | Reconciliation of total accumulated depreciation to balance sheet caption: | ||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||
Total per Schedule III | $ | 1,033,106 | $ | 985,244 | $ | 876,446 | |||||||||||||||||||||||||||||||||||||
Real estate assets, net, held for sale | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total accumulated depreciation | $ | 1,033,106 | $ | 985,244 | $ | 876,446 | |||||||||||||||||||||||||||||||||||||
Real Estate and Accumulated Depreciation Disclosure [Text Block] | HIGHWOODS PROPERTIES, INC. | ||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION | |||||||||||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
Atlanta, GA | |||||||||||||||||||||||||||||||||||||||||||
1700 Century Circle | Office | Atlanta | $ | — | $ | 2,482 | $ | 2 | $ | 314 | $ | 2 | $ | 2,796 | $ | 2,798 | $ | 780 | 1983 | 5-40 yrs. | |||||||||||||||||||||||
1800 Century Boulevard | Office | Atlanta | 1,444 | 29,081 | — | 13,712 | 1,444 | 42,793 | 44,237 | 21,294 | 1975 | 5-40 yrs. | |||||||||||||||||||||||||||||||
1825 Century Parkway | Office | Atlanta | 864 | — | 303 | 14,403 | 1,167 | 14,403 | 15,570 | 4,596 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
1875 Century Boulevard | Office | Atlanta | — | 8,924 | — | 1,275 | — | 10,199 | 10,199 | 4,542 | 1976 | 5-40 yrs. | |||||||||||||||||||||||||||||||
1900 Century Boulevard | Office | Atlanta | — | 4,744 | — | 714 | — | 5,458 | 5,458 | 2,615 | 1971 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2200 Century Parkway | Office | Atlanta | — | 14,432 | — | 4,231 | — | 18,663 | 18,663 | 8,381 | 1971 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2400 Century Parkway | Office | Atlanta | — | — | 406 | 12,694 | 406 | 12,694 | 13,100 | 5,177 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2500 Century Parkway | Office | Atlanta | — | — | 328 | 14,342 | 328 | 14,342 | 14,670 | 5,015 | 2005 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2500/2635 Parking Garage | Office | Atlanta | — | — | — | 6,317 | — | 6,317 | 6,317 | 1,431 | 2005 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2600 Century Parkway | Office | Atlanta | — | 10,679 | — | 4,227 | — | 14,906 | 14,906 | 7,529 | 1973 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2635 Century Parkway | Office | Atlanta | — | 21,643 | — | 3,430 | — | 25,073 | 25,073 | 10,887 | 1980 | 5-40 yrs. | |||||||||||||||||||||||||||||||
2800 Century Parkway | Office | Atlanta | — | 20,449 | — | 12,768 | — | 33,217 | 33,217 | 11,559 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
50 Glenlake | Office | Atlanta | 2,500 | 20,006 | — | 3,390 | 2,500 | 23,396 | 25,896 | 9,654 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Bluegrass Valley - Land | Industrial | Atlanta | 19,711 | — | (17,295 | ) | — | 2,416 | — | 2,416 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Century Plaza I | Office | Atlanta | 1,290 | 8,567 | — | 3,341 | 1,290 | 11,908 | 13,198 | 4,654 | 1981 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Century Plaza II | Office | Atlanta | 1,380 | 7,733 | — | 2,924 | 1,380 | 10,657 | 12,037 | 4,010 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Federal Aviation Administration | Office | Atlanta | 1,196 | — | 1,416 | 15,171 | 2,612 | 15,171 | 17,783 | 3,421 | 2009 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Henry County - Land | Industrial | Atlanta | 3,010 | — | 13 | — | 3,023 | — | 3,023 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Highwoods Ctr I at Tradeport | Office | Atlanta | 307 | — | 139 | 2,151 | 446 | 2,151 | 2,597 | 799 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Ctr III at Tradeport | Office | Atlanta | 409 | — | 130 | 3,775 | 539 | 3,775 | 4,314 | 945 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods River Point IV | Industrial | Atlanta | 1,037 | — | (1,037 | ) | — | — | — | — | — | 2009 | 5-40 yrs. | ||||||||||||||||||||||||||||||
5405 Windward Parkway | Office | Atlanta | 3,342 | 32,111 | — | 15,284 | 3,342 | 47,395 | 50,737 | 13,733 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Riverpoint - Land | Industrial | Atlanta | 7,250 | — | 3,913 | 2,549 | 11,163 | 2,549 | 13,712 | 327 | N/A | 5-40 yrs. | |||||||||||||||||||||||||||||||
Riverwood 100 | Office | Atlanta | 5,785 | 64,913 | (29 | ) | 8,743 | 5,756 | 73,656 | 79,412 | 8,117 | 1989 | 5-40 yrs. | ||||||||||||||||||||||||||||||
South Park Residential - Land | Other | Atlanta | 50 | — | 7 | — | 57 | — | 57 | — | N/A | N/A | |||||||||||||||||||||||||||||||
South Park Site - Land | Industrial | Atlanta | 1,204 | — | 754 | — | 1,958 | — | 1,958 | — | N/A | N/A | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
Tradeport - Land | Industrial | Atlanta | 5,243 | — | (4,124 | ) | — | 1,119 | — | 1,119 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Two Point Royal | Office | Atlanta | 1,793 | 14,964 | — | 2,600 | 1,793 | 17,564 | 19,357 | 7,550 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Two Alliance Center | Office | Atlanta | 9,579 | 125,549 | — | 3,157 | 9,579 | 128,706 | 138,285 | 11,540 | 2009 | 5-40 yrs. | |||||||||||||||||||||||||||||||
One Alliance Center | Office | Atlanta | 14,775 | 123,071 | — | 7,208 | 14,775 | 130,279 | 145,054 | 6,888 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
10 Glenlake North | Office | Atlanta | 5,349 | 26,334 | — | 624 | 5,349 | 26,958 | 32,307 | 2,080 | 2000 | 5-40 yrs. | |||||||||||||||||||||||||||||||
10 Glenlake South | Office | Atlanta | 5,103 | 22,811 | — | 1,512 | 5,103 | 24,323 | 29,426 | 1,780 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Kansas City, MO | |||||||||||||||||||||||||||||||||||||||||||
Country Club Plaza | Retail | Kansas City | 14,286 | 146,879 | (473 | ) | 126,141 | 13,813 | 273,020 | 286,833 | 114,326 | 1920-2002 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Land - Hotel Land - Valencia | Office | Kansas City | 978 | — | 111 | — | 1,089 | — | 1,089 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Park Plaza Building | Office | Kansas City | 1,384 | 6,410 | — | 2,835 | 1,384 | 9,245 | 10,629 | 3,480 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Two Emanuel Cleaver Boulevard | Office | Kansas City | 984 | 4,402 | — | 2,179 | 984 | 6,581 | 7,565 | 2,639 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Valencia Place Office | Office | Kansas City | 1,576 | — | 970 | 38,738 | 2,546 | 38,738 | 41,284 | 16,277 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Memphis, TN | |||||||||||||||||||||||||||||||||||||||||||
3400 Players Club Parkway | Office | Memphis | 1,005 | — | 207 | 5,882 | 1,212 | 5,882 | 7,094 | 2,239 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Triad Centre I | Office | Memphis | 2,340 | 11,385 | (849 | ) | 4,496 | 1,491 | 15,881 | 17,372 | 5,726 | 1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Triad Centre II | Office | Memphis | 1,980 | 8,677 | (404 | ) | 4,481 | 1,576 | 13,158 | 14,734 | 4,732 | 1987 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Atrium I & II | Office | Memphis | 1,570 | 6,253 | — | 3,012 | 1,570 | 9,265 | 10,835 | 4,188 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Centrum | Office | Memphis | 1,013 | 5,580 | — | 2,812 | 1,013 | 8,392 | 9,405 | 3,957 | 1979 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Comcast | Office | Memphis | 946 | — | — | 8,620 | 946 | 8,620 | 9,566 | 2,625 | 2008 | 5-40 yrs. | |||||||||||||||||||||||||||||||
International Place Phase II | Office | Memphis | 4,884 | 27,782 | — | 5,325 | 4,884 | 33,107 | 37,991 | 14,887 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
PennMarc Centre | Office | Memphis | 6,258 | 3,607 | 10,240 | — | 2,861 | 3,607 | 13,101 | 16,708 | 2,630 | 2008 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Shadow Creek I | Office | Memphis | 924 | — | 466 | 6,727 | 1,390 | 6,727 | 8,117 | 2,376 | 2000 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Shadow Creek II | Office | Memphis | 734 | — | 467 | 7,334 | 1,201 | 7,334 | 8,535 | 2,662 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Southwind Office Center A | Office | Memphis | 1,004 | 5,694 | 282 | 1,200 | 1,286 | 6,894 | 8,180 | 3,244 | 1991 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Southwind Office Center B | Office | Memphis | 1,366 | 7,754 | — | 1,262 | 1,366 | 9,016 | 10,382 | 4,034 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Southwind Office Center C | Office | Memphis | 1,070 | — | 221 | 5,330 | 1,291 | 5,330 | 6,621 | 2,181 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Southwind Office Center D | Office | Memphis | 744 | — | 193 | 5,536 | 937 | 5,536 | 6,473 | 2,110 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Colonnade | Office | Memphis | 1,300 | 6,481 | 267 | 1,877 | 1,567 | 8,358 | 9,925 | 2,939 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
ThyssenKrupp Elevator Mfg Headquarters | Office | Memphis | 1,040 | — | 25 | 8,342 | 1,065 | 8,342 | 9,407 | 2,931 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Crescent Center | Office | Memphis | -1 | 7,875 | 32,756 | (547 | ) | 7,551 | 7,328 | 40,307 | 47,635 | 5,631 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||
Southwind - Land | Office | Memphis | 3,662 | — | (1,477 | ) | — | 2,185 | — | 2,185 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Triad Centre III | Office | Memphis | 1,253 | — | — | 36,803 | 1,253 | 36,803 | 38,056 | 5,732 | 2009 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Capital Grille | Office | Memphis | -1 | — | — | 311 | 3,302 | 311 | 3,302 | 3,613 | 246 | 2014 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Seasons 52 | Office | Memphis | -1 | — | — | 320 | 3,741 | 320 | 3,741 | 4,061 | 282 | 2014 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Nashville, TN | |||||||||||||||||||||||||||||||||||||||||||
3322 West End | Office | Nashville | 3,025 | 27,490 | — | 3,837 | 3,025 | 31,327 | 34,352 | 12,116 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
3401 West End | Office | Nashville | 5,862 | 22,917 | — | 5,958 | 5,862 | 28,875 | 34,737 | 14,930 | 1982 | 5-40 yrs. | |||||||||||||||||||||||||||||||
5310 Maryland Way | Office | Nashville | 1,863 | 7,201 | — | 3,811 | 1,863 | 11,012 | 12,875 | 3,525 | 1994 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Cool Springs 1 & 2 Deck | Office | Nashville | -2 | — | — | — | 3,957 | — | 3,957 | 3,957 | 709 | 2007 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Cool Springs 3 & 4 Deck | Office | Nashville | — | — | — | 4,418 | — | 4,418 | 4,418 | 856 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Cool Springs I | Office | Nashville | -2 | 1,583 | — | 15 | 13,112 | 1,598 | 13,112 | 14,710 | 4,989 | 1999 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Cool Springs II | Office | Nashville | -2 | 1,824 | — | 346 | 17,691 | 2,170 | 17,691 | 19,861 | 5,808 | 1999 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Cool Springs III | Office | Nashville | -2 | 1,631 | — | 804 | 15,861 | 2,435 | 15,861 | 18,296 | 3,956 | 2006 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Cool Springs IV | Office | Nashville | 1,715 | — | — | 19,230 | 1,715 | 19,230 | 20,945 | 3,091 | 2008 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Cool Springs V – Healthways | Office | Nashville | 3,688 | — | 295 | 52,948 | 3,983 | 52,948 | 56,931 | 12,153 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Harpeth On The Green II | Office | Nashville | 1,419 | 5,677 | — | 1,855 | 1,419 | 7,532 | 8,951 | 3,484 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Harpeth On The Green III | Office | Nashville | 1,660 | 6,649 | — | 1,279 | 1,660 | 7,928 | 9,588 | 3,508 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Harpeth On The Green IV | Office | Nashville | 1,713 | 6,842 | — | 1,601 | 1,713 | 8,443 | 10,156 | 3,985 | 1989 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Harpeth On The Green V | Office | Nashville | 662 | — | 197 | 5,139 | 859 | 5,139 | 5,998 | 1,783 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Hickory Trace | Office | Nashville | 1,164 | — | 164 | 4,484 | 1,328 | 4,484 | 5,812 | 1,477 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Plaza I | Office | Nashville | 1,552 | — | 307 | 8,895 | 1,859 | 8,895 | 10,754 | 3,779 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Plaza II | Office | Nashville | 1,448 | — | 307 | 8,795 | 1,755 | 8,795 | 10,550 | 2,538 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Seven Springs - Land II | Office | Nashville | 3,715 | — | (1,486 | ) | — | 2,229 | — | 2,229 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Seven Springs I | Office | Nashville | 2,076 | — | 592 | 11,713 | 2,668 | 11,713 | 14,381 | 3,734 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
SouthPointe | Office | Nashville | 1,655 | — | 310 | 7,019 | 1,965 | 7,019 | 8,984 | 2,803 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
The Ramparts of Brentwood | Office | Nashville | 2,394 | 12,806 | — | 2,118 | 2,394 | 14,924 | 17,318 | 5,944 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Westwood South | Office | Nashville | 2,106 | — | 382 | 8,681 | 2,488 | 8,681 | 11,169 | 3,382 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
100 Winners Circle | Office | Nashville | 1,497 | 7,258 | — | 1,697 | 1,497 | 8,955 | 10,452 | 3,813 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
The Pinnacle at Symphony Place | Office | Nashville | — | 141,469 | — | 4,038 | — | 145,507 | 145,507 | 6,904 | 2010 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
Seven Springs East | Office | Nashville | — | — | 2,525 | 37,479 | 2,525 | 37,479 | 40,004 | 1,347 | 2013 | 5-40 yrs. | |||||||||||||||||||||||||||||||
The Shops at Seven Springs | Office | Nashville | — | — | 803 | 8,030 | 803 | 8,030 | 8,833 | 297 | 2013 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Orlando, FL | |||||||||||||||||||||||||||||||||||||||||||
Berkshire at MetroCenter | Office | Orlando | 1,265 | — | 672 | 12,685 | 1,937 | 12,685 | 14,622 | 3,813 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Capital Plaza III - Land | Office | Orlando | 2,994 | — | 18 | — | 3,012 | — | 3,012 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Eola Park - Land | Office | Orlando | 2,027 | — | — | — | 2,027 | — | 2,027 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Oxford - Land | Office | Orlando | 1,100 | — | 51 | — | 1,151 | — | 1,151 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Stratford - Land | Office | Orlando | 2,034 | — | (148 | ) | — | 1,886 | — | 1,886 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Windsor at MetroCenter | Office | Orlando | — | — | 2,060 | 8,039 | 2,060 | 8,039 | 10,099 | 2,281 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
The 1800 Eller Drive Building | Office | South Florida | — | 9,851 | — | 3,078 | — | 12,929 | 12,929 | 6,514 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Seaside Plaza | Office | Orlando | 3,893 | 29,541 | — | 3,283 | 3,893 | 32,824 | 36,717 | 2,020 | 1982 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Capital Plaza Two | Office | Orlando | 4,346 | 43,394 | — | 2,160 | 4,346 | 45,554 | 49,900 | 2,477 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Capital Plaza One | Office | Orlando | 3,482 | 27,321 | — | 1,075 | 3,482 | 28,396 | 31,878 | 1,909 | 1975 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Landmark Center Two | Office | Orlando | 4,743 | 22,031 | — | 1,762 | 4,743 | 23,793 | 28,536 | 1,434 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Landmark Center One | Office | Orlando | 6,207 | 22,655 | — | 1,078 | 6,207 | 23,733 | 29,940 | 1,679 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Lincoln Plaza | Office | Orlando | — | — | 3,490 | 56,079 | 3,490 | 56,079 | 59,569 | 166 | 2000 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Greensboro, NC | |||||||||||||||||||||||||||||||||||||||||||
6348 Burnt Poplar | Industrial | Greensboro | 724 | 2,900 | — | 254 | 724 | 3,154 | 3,878 | 1,559 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
6350 Burnt Poplar | Industrial | Greensboro | 341 | 1,374 | — | 323 | 341 | 1,697 | 2,038 | 787 | 1992 | 5-40 yrs. | |||||||||||||||||||||||||||||||
420 Gallimore Dairy Road | Office | Greensboro | 379 | 1,516 | — | 470 | 379 | 1,986 | 2,365 | 935 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
418 Gallimore Dairy Road | Office | Greensboro | 462 | 1,849 | — | 588 | 462 | 2,437 | 2,899 | 1,114 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
416 Gallimore Dairy Road | Office | Greensboro | 322 | 1,293 | — | 432 | 322 | 1,725 | 2,047 | 876 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7031 Albert Pick Road | Office | Greensboro | 510 | 2,921 | — | 2,310 | 510 | 5,231 | 5,741 | 2,508 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7029 Albert Pick Road | Office | Greensboro | 739 | 3,237 | — | 1,519 | 739 | 4,756 | 5,495 | 2,241 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7025 Albert Pick Road | Office | Greensboro | 2,393 | 9,576 | — | 4,542 | 2,393 | 14,118 | 16,511 | 6,497 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7027 Albert Pick Road | Office | Greensboro | 850 | — | 699 | 4,016 | 1,549 | 4,016 | 5,565 | 1,749 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7009 Albert Pick Road | Industrial | Greensboro | 224 | 1,068 | — | 206 | 224 | 1,274 | 1,498 | 572 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
426 Gallimore Dairy Road | Office | Greensboro | 465 | — | 380 | 1,170 | 845 | 1,170 | 2,015 | 494 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
422 Gallimore Dairy Road | Industrial | Greensboro | 145 | 1,081 | — | 338 | 145 | 1,419 | 1,564 | 684 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
406 Gallimore Dairy Road | Office | Greensboro | 265 | — | 270 | 994 | 535 | 994 | 1,529 | 504 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7021 Albert Pick Road | Industrial | Greensboro | 237 | 1,103 | — | 280 | 237 | 1,383 | 1,620 | 643 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
7019 Albert Pick Road | Industrial | Greensboro | 192 | 946 | — | 192 | 192 | 1,138 | 1,330 | 581 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7015 Albert Pick Road | Industrial | Greensboro | 305 | 1,219 | — | 356 | 305 | 1,575 | 1,880 | 759 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7017 Albert Pick Road | Industrial | Greensboro | 225 | 928 | — | 197 | 225 | 1,125 | 1,350 | 550 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7011 Albert Pick Road | Industrial | Greensboro | 171 | 777 | — | 242 | 171 | 1,019 | 1,190 | 514 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
424 Gallimore Dairy Road | Office | Greensboro | 271 | — | 239 | 819 | 510 | 819 | 1,329 | 345 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
410 Gallimore Dairy Road | Industrial | Greensboro | 356 | 1,613 | — | 561 | 356 | 2,174 | 2,530 | 966 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
412 Gallimore Dairy Road | Industrial | Greensboro | 374 | 1,523 | — | 429 | 374 | 1,952 | 2,326 | 927 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
408 Gallimore Dairy Road | Industrial | Greensboro | 341 | 1,486 | — | 655 | 341 | 2,141 | 2,482 | 1,174 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
414 Gallimore Dairy Road | Industrial | Greensboro | 659 | 2,676 | — | 663 | 659 | 3,339 | 3,998 | 1,690 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
237 Burgess Road | Industrial | Greensboro | 860 | 2,919 | — | 679 | 860 | 3,598 | 4,458 | 1,842 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
235 Burgess Road | Industrial | Greensboro | 1,302 | 4,392 | — | 1,024 | 1,302 | 5,416 | 6,718 | 2,825 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
241 Burgess Road | Industrial | Greensboro | 450 | 1,517 | — | 1,005 | 450 | 2,522 | 2,972 | 1,293 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
243 Burgess Road | Industrial | Greensboro | 452 | 1,514 | — | 157 | 452 | 1,671 | 2,123 | 859 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
496 Gallimore Dairy Road | Industrial | Greensboro | 546 | — | — | 2,680 | 546 | 2,680 | 3,226 | 1,261 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
494 Gallimore Dairy Road | Industrial | Greensboro | 749 | — | — | 2,517 | 749 | 2,517 | 3,266 | 983 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
486 Gallimore Dairy Road | Industrial | Greensboro | 603 | — | — | 2,273 | 603 | 2,273 | 2,876 | 844 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
488 Gallimore Dairy Road | Industrial | Greensboro | 499 | — | — | 2,070 | 499 | 2,070 | 2,569 | 740 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
490 Gallimore Dairy Road | Industrial | Greensboro | 1,733 | — | — | 5,907 | 1,733 | 5,907 | 7,640 | 3,184 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Brigham Road - Land | Industrial | Greensboro | 7,059 | — | (3,720 | ) | — | 3,339 | — | 3,339 | — | N/A | N/A | ||||||||||||||||||||||||||||||
651 Brigham Road | Industrial | Greensboro | 453 | — | 360 | 2,985 | 813 | 2,985 | 3,798 | 1,069 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
657 Brigham Road | Industrial | Greensboro | 2,733 | — | 881 | 11,102 | 3,614 | 11,102 | 14,716 | 2,649 | 2006 | 5-40 yrs. | |||||||||||||||||||||||||||||||
653 Brigham Road | Industrial | Greensboro | 814 | — | — | 3,587 | 814 | 3,587 | 4,401 | 633 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
1501 Highwoods Boulevard | Office | Greensboro | 1,476 | — | — | 7,958 | 1,476 | 7,958 | 9,434 | 2,554 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Jefferson Pilot - Land | Office | Greensboro | 11,759 | — | (4,311 | ) | — | 7,448 | — | 7,448 | — | N/A | N/A | ||||||||||||||||||||||||||||||
4200 Tudor Lane | Industrial | Greensboro | 515 | — | 383 | 2,255 | 898 | 2,255 | 3,153 | 1,017 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
4224 Tudor Lane | Industrial | Greensboro | 435 | — | 288 | 2,081 | 723 | 2,081 | 2,804 | 770 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
7023 Albert Pick Road | Office | Greensboro | 834 | 3,459 | — | 752 | 834 | 4,211 | 5,045 | 1,985 | 1989 | 5-40 yrs. | |||||||||||||||||||||||||||||||
370 Knollwood Street | Office | Greensboro | 1,826 | 7,495 | — | 3,504 | 1,826 | 10,999 | 12,825 | 4,613 | 1994 | 5-40 yrs. | |||||||||||||||||||||||||||||||
380 Knollwood Street | Office | Greensboro | 2,989 | 12,029 | — | 3,839 | 2,989 | 15,868 | 18,857 | 7,774 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
799 Hanes Mall Boulevard | Office | Greensboro | 1,450 | 11,375 | — | 201 | 1,450 | 11,576 | 13,026 | 4,939 | 1970-1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
3901 Westpoint Boulevard | Office | Greensboro | 347 | 1,389 | — | 128 | 347 | 1,517 | 1,864 | 737 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
Church St Medical Center I | Office | Greensboro | 2,734 | 9,129 | — | 195 | 2,734 | 9,324 | 12,058 | 663 | 2003 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Church St Medical Center II | Office | Greensboro | 2,376 | 5,451 | — | 42 | 2,376 | 5,493 | 7,869 | 626 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Church St Medical Center III | Office | Greensboro | 925 | 4,551 | — | 113 | 925 | 4,664 | 5,589 | 463 | 2008 | 5-40 yrs. | |||||||||||||||||||||||||||||||
628 Green Valley Road | Office | Greensboro | 2,906 | 12,141 | — | 762 | 2,906 | 12,903 | 15,809 | 763 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
701 Green Valley Road | Office | Greensboro | 3,787 | 7,719 | — | 759 | 3,787 | 8,478 | 12,265 | 738 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Pittsburgh, PA | |||||||||||||||||||||||||||||||||||||||||||
One PPG Place | Office | Pittsburgh | -3 | 9,819 | 107,643 | — | 33,357 | 9,819 | 141,000 | 150,819 | 14,851 | 1983-1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Two PPG Place | Office | Pittsburgh | -3 | 2,302 | 10,978 | — | 1,390 | 2,302 | 12,368 | 14,670 | 1,451 | 1983-1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Three PPG Place | Office | Pittsburgh | -3 | 501 | 2,923 | — | 2,948 | 501 | 5,871 | 6,372 | 457 | 1983-1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Four PPG Place | Office | Pittsburgh | -3 | 620 | 3,239 | — | 936 | 620 | 4,175 | 4,795 | 494 | 1983-1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Five PPG Place | Office | Pittsburgh | -3 | 803 | 4,924 | — | 1,539 | 803 | 6,463 | 7,266 | 844 | 1983-1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Six PPG Place | Office | Pittsburgh | -3 | 3,353 | 25,602 | — | 6,433 | 3,353 | 32,035 | 35,388 | 4,890 | 1983-1985 | 5-40 yrs. | ||||||||||||||||||||||||||||||
EQT Plaza | Office | Pittsburgh | — | 83,812 | — | 6,165 | — | 89,977 | 89,977 | 7,229 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Raleigh, NC | |||||||||||||||||||||||||||||||||||||||||||
3600 Glenwood Avenue | Office | Raleigh | — | 10,994 | — | 4,729 | — | 15,723 | 15,723 | 6,969 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
3737 Glenwood Avenue | Office | Raleigh | — | — | 318 | 15,422 | 318 | 15,422 | 15,740 | 5,910 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
4800 North Park | Office | Raleigh | 2,678 | 17,630 | — | 7,598 | 2,678 | 25,228 | 27,906 | 13,143 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
4900 North Park | Office | Raleigh | 770 | 1,983 | — | 1,827 | 770 | 3,810 | 4,580 | 1,552 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
5000 North Park | Office | Raleigh | 1,010 | 4,612 | (49 | ) | 2,680 | 961 | 7,292 | 8,253 | 3,957 | 1980 | 5-40 yrs. | ||||||||||||||||||||||||||||||
801 Raleigh Corporate Center | Office | Raleigh | -2 | 828 | — | 272 | 9,990 | 1,100 | 9,990 | 11,090 | 3,306 | 2002 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Blue Ridge I | Office | Raleigh | 722 | 4,606 | — | 1,335 | 722 | 5,941 | 6,663 | 2,969 | 1982 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Blue Ridge II | Office | Raleigh | 462 | 1,410 | — | 579 | 462 | 1,989 | 2,451 | 1,254 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Cape Fear | Office | Raleigh | 131 | 1,630 | (2 | ) | 820 | 129 | 2,450 | 2,579 | 2,206 | 1979 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Catawba | Office | Raleigh | 125 | 1,635 | (2 | ) | 2,215 | 123 | 3,850 | 3,973 | 3,224 | 1980 | 5-40 yrs. | ||||||||||||||||||||||||||||||
CentreGreen One | Office | Raleigh | 1,529 | — | (391 | ) | 10,244 | 1,138 | 10,244 | 11,382 | 3,601 | 2000 | 5-40 yrs. | ||||||||||||||||||||||||||||||
CentreGreen Two | Office | Raleigh | 1,653 | — | (389 | ) | 9,087 | 1,264 | 9,087 | 10,351 | 2,727 | 2001 | 5-40 yrs. | ||||||||||||||||||||||||||||||
CentreGreen Three - Land | Office | Raleigh | 1,876 | — | (585 | ) | — | 1,291 | — | 1,291 | — | N/A | N/A | ||||||||||||||||||||||||||||||
CentreGreen Four | Office | Raleigh | 1,779 | — | (397 | ) | 13,457 | 1,382 | 13,457 | 14,839 | 2,588 | 2002 | 5-40 yrs. | ||||||||||||||||||||||||||||||
CentreGreen Five | Office | Raleigh | 1,280 | — | 55 | 12,732 | 1,335 | 12,732 | 14,067 | 3,556 | 2008 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Cottonwood | Office | Raleigh | 609 | 3,244 | — | 434 | 609 | 3,678 | 4,287 | 1,947 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Dogwood | Office | Raleigh | 766 | 2,769 | — | 391 | 766 | 3,160 | 3,926 | 1,721 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
GlenLake - Land | Office | Raleigh | 13,003 | — | (8,359 | ) | 114 | 4,644 | 114 | 4,758 | 39 | N/A | 5-40 yrs. | ||||||||||||||||||||||||||||||
GlenLake One | Office | Raleigh | 924 | — | 1,324 | 20,337 | 2,248 | 20,337 | 22,585 | 6,365 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
GlenLake Four | Office | Raleigh | -2 | 1,659 | — | 493 | 21,727 | 2,152 | 21,727 | 23,879 | 6,122 | 2006 | 5-40 yrs. | ||||||||||||||||||||||||||||||
GlenLake Six | Office | Raleigh | 941 | — | (365 | ) | 22,179 | 576 | 22,179 | 22,755 | 5,395 | 2008 | 5-40 yrs. | ||||||||||||||||||||||||||||||
701 Raleigh Corporate Center | Office | Raleigh | -2 | 1,304 | — | 540 | 13,956 | 1,844 | 13,956 | 15,800 | 6,824 | 1996 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Highwoods Centre | Office | Raleigh | 531 | — | (267 | ) | 8,247 | 264 | 8,247 | 8,511 | 3,495 | 1998 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Highwoods Office Center North - Land | Office | Raleigh | 357 | 49 | — | — | 357 | 49 | 406 | 33 | N/A | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Tower One | Office | Raleigh | 203 | 16,744 | — | 3,903 | 203 | 20,647 | 20,850 | 11,567 | 1991 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Tower Two | Office | Raleigh | 365 | — | 503 | 21,449 | 868 | 21,449 | 22,317 | 7,383 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Inveresk Parcel 2 - Land | Office | Raleigh | 657 | — | 38 | — | 695 | — | 695 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Lake Boone Medical Center | Office | Raleigh | 1,450 | 6,311 | — | 149 | 1,450 | 6,460 | 7,910 | 934 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
4620 Creekstone Drive | Office | Raleigh | 149 | — | 107 | 3,330 | 256 | 3,330 | 3,586 | 1,257 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
4825 Creekstone Drive | Office | Raleigh | 398 | — | 293 | 10,039 | 691 | 10,039 | 10,730 | 3,962 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Pamlico | Office | Raleigh | 289 | — | — | 14,745 | 289 | 14,745 | 15,034 | 10,664 | 1980 | 5-40 yrs. | |||||||||||||||||||||||||||||||
ParkWest One | Office | Raleigh | 242 | — | — | 3,290 | 242 | 3,290 | 3,532 | 1,097 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
ParkWest Two | Office | Raleigh | 356 | — | — | 4,122 | 356 | 4,122 | 4,478 | 1,908 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
ParkWest Three - Land - Weston | Office | Raleigh | 306 | — | 79 | — | 385 | — | 385 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Progress Center Renovation | Office | Raleigh | — | — | — | 362 | — | 362 | 362 | 270 | 2003 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Raleigh Corp Center Lot D | Office | Raleigh | 1,211 | — | 8 | — | 1,219 | — | 1,219 | — | N/A | N/A | |||||||||||||||||||||||||||||||
PNC Plaza | Office | Raleigh | 44,501 | 1,206 | — | — | 72,212 | 1,206 | 72,212 | 73,418 | 14,760 | 2008 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Rexwoods Center I | Office | Raleigh | 878 | 3,730 | — | 1,342 | 878 | 5,072 | 5,950 | 3,143 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Rexwoods Center II | Office | Raleigh | 362 | 1,818 | — | 1,041 | 362 | 2,859 | 3,221 | 1,190 | 1993 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Rexwoods Center III | Office | Raleigh | 919 | 2,816 | — | 855 | 919 | 3,671 | 4,590 | 2,181 | 1992 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Rexwoods Center IV | Office | Raleigh | 586 | — | — | 4,331 | 586 | 4,331 | 4,917 | 1,931 | 1995 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Rexwoods Center V | Office | Raleigh | 1,301 | — | 184 | 6,255 | 1,485 | 6,255 | 7,740 | 2,463 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Riverbirch | Office | Raleigh | 469 | 4,038 | 23 | 5,204 | 492 | 9,242 | 9,734 | 1,136 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Situs I | Office | Raleigh | 692 | 4,646 | 178 | (1,071 | ) | 870 | 3,575 | 4,445 | 1,558 | 1996 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Situs II | Office | Raleigh | 718 | 6,254 | 181 | (1,098 | ) | 899 | 5,156 | 6,055 | 2,088 | 1998 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Situs III | Office | Raleigh | 440 | 4,078 | 119 | (1,267 | ) | 559 | 2,811 | 3,370 | 939 | 2000 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Six Forks Center I | Office | Raleigh | 666 | 2,665 | — | 1,627 | 666 | 4,292 | 4,958 | 2,066 | 1982 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Six Forks Center II | Office | Raleigh | 1,086 | 4,533 | — | 2,190 | 1,086 | 6,723 | 7,809 | 3,284 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
Six Forks Center III | Office | Raleigh | 862 | 4,411 | — | 2,560 | 862 | 6,971 | 7,833 | 3,502 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Smoketree Tower | Office | Raleigh | 2,353 | 11,743 | — | 5,558 | 2,353 | 17,301 | 19,654 | 7,722 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
4601 Creekstone Drive | Office | Raleigh | 255 | — | 217 | 5,422 | 472 | 5,422 | 5,894 | 2,315 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Weston - Land | Other | Raleigh | 22,771 | — | (10,271 | ) | 12,810 | 12,500 | 12,810 | 25,310 | — | N/A | N/A | ||||||||||||||||||||||||||||||
4625 Creekstone Drive | Office | Raleigh | 458 | — | 268 | 5,474 | 726 | 5,474 | 6,200 | 2,458 | 1995 | 5-40 yrs. | |||||||||||||||||||||||||||||||
11000 Weston Parkway | Office | Raleigh | 2,651 | 18,850 | — | 226 | 2,651 | 19,076 | 21,727 | 2,118 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
GlenLake Five | Office | Raleigh | — | — | 2,263 | 27,350 | 2,263 | 27,350 | 29,613 | — | 2014 | 5-40 yrs. | |||||||||||||||||||||||||||||||
11800 Weston Parkway | Office | Raleigh | — | — | — | 170 | — | 170 | 170 | — | 2014 | 5-40 yrs. | |||||||||||||||||||||||||||||||
CentreGreen Café | Office | Raleigh | — | — | — | 3,415 | — | 3,415 | 3,415 | 7 | 2014 | 5-40 yrs. | |||||||||||||||||||||||||||||||
CentreGreen Fitness Center | Office | Raleigh | — | — | — | 2,221 | — | 2,221 | 2,221 | 5 | 2014 | 5-40 yrs. | |||||||||||||||||||||||||||||||
One Bank of America Plaza | Office | Raleigh | — | — | 11,288 | 68,375 | 11,288 | 68,375 | 79,663 | 835 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Other Property | Other | Raleigh | 24,976 | 9,493 | (23,151 | ) | (5,958 | ) | 1,825 | 3,535 | 5,360 | 7,788 | N/A | N/A | |||||||||||||||||||||||||||||
Richmond, VA | |||||||||||||||||||||||||||||||||||||||||||
4900 Cox Road | Office | Richmond | 1,324 | 5,311 | 15 | 2,691 | 1,339 | 8,002 | 9,341 | 3,971 | 1991 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Colonnade Building | Office | Richmond | 1,364 | 6,105 | — | 1,164 | 1,364 | 7,269 | 8,633 | 2,263 | 2003 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Dominion Place - Pitts Parcel - Land | Office | Richmond | 1,101 | — | (665 | ) | — | 436 | — | 436 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Markel 4521 | Office | Richmond | 1,581 | 13,299 | 168 | (1,692 | ) | 1,749 | 11,607 | 13,356 | 4,276 | 1999 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Hamilton Beach/Proctor-Silex | Office | Richmond | 1,086 | 4,345 | 10 | 2,028 | 1,096 | 6,373 | 7,469 | 3,618 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Commons | Office | Richmond | 521 | — | 458 | 3,677 | 979 | 3,677 | 4,656 | 1,401 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods One | Office | Richmond | 1,688 | — | 22 | 11,263 | 1,710 | 11,263 | 12,973 | 5,177 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Two | Office | Richmond | 786 | — | 226 | 6,133 | 1,012 | 6,133 | 7,145 | 2,737 | 1997 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Five | Office | Richmond | 783 | — | 11 | 5,469 | 794 | 5,469 | 6,263 | 2,370 | 1998 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Plaza | Office | Richmond | 909 | — | 187 | 5,912 | 1,096 | 5,912 | 7,008 | 2,292 | 2000 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Markel 4551 | Office | Richmond | 1,300 | 6,958 | (1,444 | ) | (6,958 | ) | (144 | ) | — | (144 | ) | — | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||
Innslake Center | Office | Richmond | 845 | — | 195 | 6,460 | 1,040 | 6,460 | 7,500 | 1,970 | 2001 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Highwoods Centre | Office | Richmond | 1,205 | 4,825 | — | 1,127 | 1,205 | 5,952 | 7,157 | 2,733 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Markel 4501 | Office | Richmond | 1,300 | 13,259 | 213 | (4,363 | ) | 1,513 | 8,896 | 10,409 | 2,544 | 1998 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Markel 4600 | Office | Richmond | 1,700 | 17,081 | 169 | (5,378 | ) | 1,869 | 11,703 | 13,572 | 3,205 | 1989 | 5-40 yrs. | ||||||||||||||||||||||||||||||
North Park | Office | Richmond | 2,163 | 8,659 | 6 | 2,098 | 2,169 | 10,757 | 12,926 | 4,760 | 1989 | 5-40 yrs. | |||||||||||||||||||||||||||||||
North Shore Commons I | Office | Richmond | 951 | — | 17 | 11,263 | 968 | 11,263 | 12,231 | 3,848 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
North Shore Commons II | Office | Richmond | 2,067 | — | (89 | ) | 10,110 | 1,978 | 10,110 | 12,088 | 1,987 | 2007 | 5-40 yrs. | ||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
North Shore Commons C - Land | Office | Richmond | 1,497 | — | 15 | — | 1,512 | — | 1,512 | — | N/A | N/A | |||||||||||||||||||||||||||||||
North Shore Commons D - Land | Office | Richmond | 1,261 | — | — | — | 1,261 | — | 1,261 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Nuckols Corner Land | Office | Richmond | 1,259 | — | 203 | — | 1,462 | — | 1,462 | — | N/A | N/A | |||||||||||||||||||||||||||||||
One Shockoe Plaza | Office | Richmond | — | — | 356 | 15,579 | 356 | 15,579 | 15,935 | 7,493 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Pavilion Land | Office | Richmond | 181 | 46 | 20 | (46 | ) | 201 | — | 201 | — | N/A | N/A | ||||||||||||||||||||||||||||||
Lake Brook Commons | Office | Richmond | 1,600 | 8,864 | 21 | 2,182 | 1,621 | 11,046 | 12,667 | 2,363 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Sadler & Cox Land | Office | Richmond | 1,535 | — | 343 | — | 1,878 | — | 1,878 | — | N/A | N/A | |||||||||||||||||||||||||||||||
4840 Cox Road | Office | Richmond | 1,918 | — | 358 | 13,559 | 2,276 | 13,559 | 15,835 | 5,161 | 2005 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Stony Point F Land | Office | Richmond | 1,841 | — | — | — | 1,841 | — | 1,841 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Stony Point I | Office | Richmond | 1,384 | 11,630 | 59 | 2,888 | 1,443 | 14,518 | 15,961 | 6,249 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Stony Point II | Office | Richmond | 1,240 | — | — | 11,850 | 1,240 | 11,850 | 13,090 | 4,616 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Stony Point III | Office | Richmond | 995 | — | — | 9,770 | 995 | 9,770 | 10,765 | 3,080 | 2002 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Stony Point IV | Office | Richmond | 955 | — | — | 12,112 | 955 | 12,112 | 13,067 | 3,738 | 2006 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Virginia Mutual | Office | Richmond | 1,301 | 6,036 | 15 | 1,266 | 1,316 | 7,302 | 8,618 | 2,474 | 1996 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Waterfront Plaza | Office | Richmond | 585 | 2,347 | 8 | 1,180 | 593 | 3,527 | 4,120 | 1,929 | 1988 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Innsbrook Center | Office | Richmond | — | — | 914 | 8,249 | 914 | 8,249 | 9,163 | 2,306 | 1987 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Tampa, FL | |||||||||||||||||||||||||||||||||||||||||||
4200 Cypress | Office | Tampa | 2,673 | 16,470 | — | 2,015 | 2,673 | 18,485 | 21,158 | 2,495 | 1989 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Bayshore Place | Office | Tampa | 2,276 | 11,817 | — | 1,696 | 2,276 | 13,513 | 15,789 | 6,099 | 1990 | 5-40 yrs. | |||||||||||||||||||||||||||||||
General Services Administration | Office | Tampa | -2 | 4,054 | — | 406 | 27,299 | 4,460 | 27,299 | 31,759 | 8,133 | 2005 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Harborview Plaza | Office | Tampa | 3,537 | 29,944 | 969 | (3,213 | ) | 4,506 | 26,731 | 31,237 | 8,170 | 2001 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Highwoods Preserve Building I | Office | Tampa | -2 | 991 | — | — | 22,580 | 991 | 22,580 | 23,571 | 8,595 | 1999 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Highwoods Preserve - Land | Office | Tampa | 1,485 | — | 485 | — | 1,970 | — | 1,970 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Highwoods Preserve Building V | Office | Tampa | -2 | 881 | — | — | 24,617 | 881 | 24,617 | 25,498 | 8,881 | 2001 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Highwoods Bay Center I | Office | Tampa | 3,565 | — | (64 | ) | 36,625 | 3,501 | 36,625 | 40,126 | 7,369 | 2007 | 5-40 yrs. | ||||||||||||||||||||||||||||||
HIW Bay Center II - Land | Office | Tampa | 3,482 | — | — | — | 3,482 | — | 3,482 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Highwoods Preserve Building VII | Office | Tampa | 790 | — | — | 12,498 | 790 | 12,498 | 13,288 | 2,414 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIW Preserve VII Garage | Office | Tampa | — | — | — | 6,789 | — | 6,789 | 6,789 | 1,343 | 2007 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Horizon | Office | Tampa | — | 6,257 | — | 2,564 | — | 8,821 | 8,821 | 4,220 | 1980 | 5-40 yrs. | |||||||||||||||||||||||||||||||
LakePointe One | Office | Tampa | 2,106 | 89 | — | 42,878 | 2,106 | 42,967 | 45,073 | 15,925 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
LakePointe Two | Office | Tampa | 2,000 | 15,848 | 672 | 11,382 | 2,672 | 27,230 | 29,902 | 9,043 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
HIGHWOODS PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||||||
HIGHWOODS REALTY LIMITED PARTNERSHIP | |||||||||||||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||
Initial Costs | Costs Capitalized | Gross Value at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Subsequent to | |||||||||||||||||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||||||||||||||||
Description | Segment | City | 2014 | Land | Bldg & | Land | Bldg & | Land | Bldg & | Total | Accumulated | Date of | Life on | ||||||||||||||||||||||||||||||
Type | Encumbrance | Improv | Improv | Improv | Assets | Depreciation | Construction | Which | |||||||||||||||||||||||||||||||||||
Depreciation | |||||||||||||||||||||||||||||||||||||||||||
is | |||||||||||||||||||||||||||||||||||||||||||
Calculated | |||||||||||||||||||||||||||||||||||||||||||
Lakeside | Office | Tampa | — | 7,369 | — | 3,045 | — | 10,414 | 10,414 | 3,722 | 1978 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Lakeside/Parkside Garage | Office | Tampa | — | — | — | 5,587 | — | 5,587 | 5,587 | 1,017 | 2004 | 5-40 yrs. | |||||||||||||||||||||||||||||||
One Harbour Place | Office | Tampa | 2,016 | 25,252 | — | 7,128 | 2,016 | 32,380 | 34,396 | 13,041 | 1985 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Parkside | Office | Tampa | — | 9,407 | — | 2,070 | — | 11,477 | 11,477 | 5,163 | 1979 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Pavilion | Office | Tampa | — | 16,394 | — | 3,483 | — | 19,877 | 19,877 | 8,167 | 1982 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Pavilion Parking Garage | Office | Tampa | — | — | — | 5,682 | — | 5,682 | 5,682 | 2,142 | 1999 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Spectrum | Office | Tampa | 1,454 | 14,502 | — | 5,823 | 1,454 | 20,325 | 21,779 | 8,523 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Tower Place | Office | Tampa | -2 | 3,218 | 19,898 | — | 4,587 | 3,218 | 24,485 | 27,703 | 10,997 | 1988 | 5-40 yrs. | ||||||||||||||||||||||||||||||
Westshore Square | Office | Tampa | 1,126 | 5,186 | — | 1,629 | 1,126 | 6,815 | 7,941 | 2,856 | 1976 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Independence Park - Land | Office | Tampa | 4,943 | — | — | — | 4,943 | — | 4,943 | — | N/A | N/A | |||||||||||||||||||||||||||||||
Independence Park I | Office | Tampa | 2,531 | 4,526 | — | 4,876 | 2,531 | 9,402 | 11,933 | 1,665 | 1983 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Meridian I | Office | Tampa | 1,849 | 22,363 | — | 2,031 | 1,849 | 24,394 | 26,243 | 2,283 | 1984 | 5-40 yrs. | |||||||||||||||||||||||||||||||
Meridian II | Office | Tampa | 1,302 | 19,588 | — | 1,813 | 1,302 | 21,401 | 22,703 | 1,557 | 1986 | 5-40 yrs. | |||||||||||||||||||||||||||||||
498,166 | 2,081,542 | (29,009 | ) | 1,758,837 | 469,157 | 3,840,379 | 4,309,536 | 1,033,106 | |||||||||||||||||||||||||||||||||||
2014 Encumbrance Notes | |||||||||||||||||||||||||||||||||||||||||||
-1 | These assets are pledged as collateral for a $39.3 million first mortgage loan. | ||||||||||||||||||||||||||||||||||||||||||
-2 | These assets are pledged as collateral for a $107.6 million first mortgage loan. | ||||||||||||||||||||||||||||||||||||||||||
-3 | These assets are pledged as collateral for a $115.2 million first mortgage loan. |
Description_of_Business_and_Si1
Description of Business and Significant Accounting Policies Description of Business and Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation |
Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Our Consolidated Statement of Income for the year ended December 31, 2012 was retrospectively revised from previously reported amounts to reflect in discontinued operations the operations for those properties classified as discontinued operations. | |
The Company's Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those entities in which the Company has the controlling interest. The Operating Partnership's Consolidated Financial Statements include wholly owned subsidiaries and those entities in which the Operating Partnership has the controlling interest. We consolidate partnerships, joint ventures and limited liability companies when we control the major operating and financial policies of the entity through majority ownership or in our capacity as general partner or managing member. Four of the 50.0% or less owned in-service office properties in two joint ventures are consolidated. In addition, we consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At December 31, 2014 and 2013, we had involvement with, but are not the primary beneficiary in, an entity that we concluded to be a variable interest entity (see Note 3). All intercompany transactions and accounts have been eliminated. | |
Use of Estimates | Use of Estimates |
The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates. | |
Real Estate and Related Assets | Real Estate and Related Assets |
Real estate and related assets are recorded at cost and stated at cost less accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of 40 years for buildings and depreciable land infrastructure costs, 15 years for building improvements and five to seven years for furniture, fixtures and equipment. Tenant improvements are amortized using the straight-line method over initial fixed terms of the respective leases, which generally are from three to 10 years. Depreciation expense for real estate assets was $154.4 million, $138.2 million and $118.2 million for the years ended December 31, 2014, 2013 and 2012, respectively. | |
Expenditures directly related to the development and construction of real estate assets are included in net real estate assets and are stated at depreciated cost. Development expenditures include pre-construction costs essential to the development of properties, development and construction costs, interest costs on qualifying assets, real estate taxes, development personnel salaries and related costs and other costs incurred during the period of development. Interest and other carrying costs are capitalized until the building is ready for its intended use, but not later than a year from cessation of major construction activity. We consider a construction project as substantially completed and ready for its intended use upon the completion of tenant improvements. We cease capitalization on the portion that is substantially completed and occupied or held available for occupancy, and capitalize only those costs associated with the portion under construction. | |
Expenditures directly related to the leasing of properties are included in deferred financing and leasing costs and are stated at amortized cost. Such expenditures are part of the investment necessary to execute leases and, therefore, are classified as investment activities in the statement of cash flows. All leasing commissions paid to third parties for new leases or lease renewals are capitalized. Internal leasing costs, which consist primarily of compensation, benefits and other costs, such as legal fees related to leasing activities, that are incurred in connection with successfully obtaining leases of properties are also capitalized. Capitalized leasing costs are amortized on a straight-line basis over the initial fixed terms of the respective leases, which generally are from three to 10 years. Estimated costs related to unsuccessful activities are expensed as incurred. | |
We record liabilities for the performance of asset retirement activities when the obligation to perform such activities is probable even when uncertainty exists about the timing and/or method of settlement. | |
Upon the acquisition of real estate assets, we assess the fair value of acquired tangible assets such as land, buildings and tenant improvements, intangible assets and liabilities such as above and below market leases, acquired in-place leases, customer relationships and other identifiable intangible assets and assumed liabilities. We assess fair value based on estimated cash flow projections that utilize discount and/or capitalization rates as well as available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. | |
The above and below market rate portions of leases acquired in connection with property acquisitions are recorded in deferred financing and leasing costs and in accounts payable, accrued expenses and other liabilities, respectively, at fair value and amortized into rental revenue over the remaining term of the respective leases as described below. Fair value is calculated as the present value of the difference between (1) the contractual amounts to be paid pursuant to each in-place lease and (2) our estimate of fair market lease rates for each corresponding in-place lease, using a discount rate that reflects the risks associated with the leases acquired and measured over a period equal to the remaining initial term of the lease for above-market leases and the remaining initial term plus the term of any renewal option that the customer would be economically compelled to exercise for below-market leases. | |
In-place leases acquired are recorded at fair value in deferred financing and leasing costs and are amortized to depreciation and amortization expense over the remaining term of the respective lease. The value of in-place leases is based on our evaluation of the specific characteristics of each customer's lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, current market conditions, the customer's credit quality and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider tenant improvements, leasing commissions and legal and other related expenses. | |
1. Description of Business and Significant Accounting Policies – Continued | |
Real estate and other assets are classified as long-lived assets held for use or as long-lived assets held for sale. Real estate is classified as held for sale when the sale of the asset has been duly approved by the Company, a legally enforceable contract has been executed and the buyer's due diligence period, if any, has expired. | |
Impairments of Real Estate Assets and Investments in Unconsolidated Affiliates | Impairments of Real Estate Assets and Investments in Unconsolidated Affiliates |
With respect to assets classified as held for use, we perform an impairment analysis if events or changes in circumstances indicate that the carrying value may be impaired, such as a significant decline in occupancy, identification of materially adverse legal or environmental factors, change in our designation of an asset from core to non-core, which may impact the anticipated holding period, or a decline in market value to an amount less than cost. This analysis is generally performed at the property level, except when an asset is part of an interdependent group such as an office park, and consists of determining whether the asset's carrying amount will be recovered from its undiscounted estimated future operating and residual cash flows. These cash flows are estimated based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for customers, changes in market rental rates, costs to operate each property and expected ownership periods. For properties under development, the cash flows are based on expected service potential of the asset or asset group when development is substantially complete. | |
If the carrying amount of a held for use asset exceeds the sum of its undiscounted future operating and residual cash flows, an impairment loss is recorded for the difference between estimated fair value of the asset and the carrying amount. We generally estimate the fair value of assets held for use by using discounted cash flow analyses. In some instances, appraisal information may be available and is used in addition to a discounted cash flow analysis. As the factors used in generating these cash flows are difficult to predict and are subject to future events that may alter our assumptions, the discounted and/or undiscounted future operating and residual cash flows estimated by us in our impairment analyses or those established by appraisal may not be achieved and we may be required to recognize future impairment losses on properties held for use. | |
We record assets held for sale at the lower of the carrying amount or estimated fair value. Fair value of assets held for sale is equal to the estimated or contracted sales price with a potential buyer, less costs to sell. The impairment loss is the amount by which the carrying amount exceeds the estimated fair value. | |
We also analyze our investments in unconsolidated affiliates for impairment. This analysis consists of determining whether an expected loss in market value of an investment is other than temporary by evaluating the length of time and the extent to which the market value has been less than cost, the financial condition and near-term prospects of the unconsolidated affiliate, and our intent and ability to retain our investment for a period of time sufficient to allow for any anticipated recovery in market value. As the factors used in this analysis are difficult to predict and are subject to future events that may alter our assumptions, we may be required to recognize future impairment losses on our investments in unconsolidated affiliates. | |
Sales of Real Estate | Sales of Real Estate |
For sales transactions meeting the requirements for full profit recognition, the related assets and liabilities are removed from the balance sheet and the resultant gain or loss is recorded in the period the transaction closes. For sales transactions with continuing involvement after the sale, if the continuing involvement with the property is limited by the terms of the sales contract, profit is recognized at the time of sale and is reduced by the maximum exposure to loss related to the nature of the continuing involvement. Sales to entities in which we have or receive an interest are accounted for using partial sale accounting. | |
For transactions that do not meet the criteria for a sale, we evaluate the nature of the continuing involvement, including put and call provisions, if present, and account for the transaction as a financing arrangement, profit-sharing arrangement, leasing arrangement or other alternate method of accounting, rather than as a sale, based on the nature and extent of the continuing involvement. Some transactions may have numerous forms of continuing involvement. In those cases, we determine which method is most appropriate based on the substance of the transaction. | |
Rental and Other Revenues | Rental and Other Revenues |
Minimum contractual rents from leases are recognized on a straight-line basis over the terms of the respective leases. This means that, with respect to a particular lease, actual amounts billed in accordance with the lease during any given period may be higher or lower than the amount of rental revenue recognized for the period. Straight-line rental revenue is commenced when the customer assumes control of the leased premises. Accrued straight-line rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Contingent rental revenue, such as percentage rent, is accrued when the contingency is removed. Termination fee income is recognized at the later of when the customer has vacated the space or the lease has expired and a fully executed lease termination agreement has been delivered, the amount of the fee is determinable and collectability of the fee is reasonably assured. Rental revenue reductions related to co-tenancy lease provisions, if any, are accrued when events have occurred that trigger such provisions. | |
Cost recovery income is determined on a calendar year and a lease-by-lease basis. The most common types of cost recovery income in our leases are common area maintenance (“CAM”) and real estate taxes, for which a customer typically pays its pro-rata share of operating and administrative expenses and real estate taxes in excess of the costs incurred during a contractually specified base year. The computation of cost recovery income is complex and involves numerous judgments, including the interpretation of lease provisions. Leases are not uniform in dealing with such cost recovery income and there are many variations in the computation. Many customers make monthly fixed payments of CAM, real estate taxes and other cost reimbursement items. We accrue income related to these payments each month. We make quarterly accrual adjustments, positive or negative, to cost recovery income to adjust the recorded amounts to our best estimate of the final annual amounts to be billed and collected. After the end of the calendar year, we compute each customer's final cost recovery income and, after considering amounts paid by the customer during the year, issue a bill or credit for the appropriate amount to the customer. The differences between the amounts billed less previously received payments and the accrual adjustment are recorded as increases or decreases to cost recovery income when the final bills are prepared, which occurs during the first half of the subsequent year. | |
Allowance for Doubtful Accounts | Allowance for Doubtful Accounts |
Accounts receivable, accrued straight-line rents receivable and mortgages and notes receivable are reduced by an allowance for amounts that may become uncollectible in the future. We regularly evaluate the adequacy of our allowance for doubtful accounts. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of our customer, historical trends of the customer and changes in customer payment terms. Additionally, with respect to customers in bankruptcy, we estimate the probable recovery through bankruptcy claims and adjust the allowance for amounts deemed uncollectible. If our assumptions regarding the collectability of receivables prove incorrect, we could experience losses in excess of our allowance for doubtful accounts. The allowance and its related receivable are written-off when we have concluded there is a low probability of collection and we have discontinued collection efforts. | |
Lease Incentives | Lease Incentives |
Lease incentive costs, which are payments made to or on behalf of a customer as an incentive to sign a lease, are capitalized in deferred financing and leasing costs and amortized on a straight-line basis over the respective lease terms as a reduction of rental revenues. | |
Investments in Unconsolidated Affiliates | Investments in Unconsolidated Affiliates |
We account for our investments in less than majority owned joint ventures, partnerships and limited liability companies using the equity method of accounting when our interests represent a general partnership interest but substantive participating rights or substantive kick out rights have been granted to the limited partners or when our interests do not represent a general partnership interest and we do not control the major operating and financial policies of the entity. These investments are initially recorded at cost in investments in unconsolidated affiliates and are subsequently adjusted for our share of earnings and cash contributions and distributions. To the extent our cost basis at formation of the joint venture is different than the basis reflected at the joint venture level, the basis difference is amortized over the life of the related assets and included in our share of equity in earnings of unconsolidated affiliates. | |
Cash and Cash Equivalent | Cash Equivalents |
We consider highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. | |
Restricted Cash | Restricted Cash |
Restricted cash represents cash deposits that are legally restricted or held by third parties on our behalf, such as construction-related escrows, property disposition proceeds set aside and designated or intended to fund future tax-deferred exchanges of qualifying real estate investments, escrows and reserves for debt service, real estate taxes and property insurance established pursuant to certain mortgage financing arrangements and any deposits made with lenders to unencumber secured properties. | |
Income Tax | Income Taxes |
The Company has elected and expects to continue to qualify as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”). A corporate REIT is a legal entity that holds real estate assets and, through the payment of dividends to stockholders, is generally permitted to reduce or avoid the payment of federal and state income taxes at the corporate level. To maintain qualification as a REIT, the Company is required to pay dividends to its stockholders equal to at least 90.0% of its annual REIT taxable income, excluding net capital gains. The partnership agreement requires the Operating Partnership to pay economically equivalent distributions on outstanding Common Units at the same time that the Company pays dividends on its outstanding Common Stock. | |
Other than income taxes related to its taxable REIT subsidiary, the Operating Partnership does not reflect any federal income taxes in its financial statements, since as a partnership the taxable effects of its operations are attributed to its partners. The Operating Partnership does record state income tax for states that tax partnership income directly. | |
We conduct certain business activities through a taxable REIT subsidiary, as permitted under the Code. The taxable REIT subsidiary is subject to federal, state and local income taxes on its taxable income. We record provisions for income taxes based on its income recognized for financial statement purposes, including the effects of temporary differences between such income and the amount recognized for tax purposes. | |
Concentration of Credit Risk | Concentration of Credit Risk |
At December 31, 2014, properties that we wholly own were leased to 1,767 customers. The geographic locations that comprise greater than 10.0% of our rental and other revenues are Raleigh, NC, Atlanta, GA, Tampa, FL and Nashville, TN. Our customers engage in a wide variety of businesses. No single customer of the properties that we wholly own generated more than 7.0% of our consolidated revenues during 2014. | |
We maintain our cash and cash equivalents and our restricted cash at financial or other intermediary institutions. The combined account balances at each institution may exceed FDIC insurance coverage and, as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. Additionally, from time to time in connection with tax-deferred 1031 transactions, our restricted cash balances may be commingled with other funds being held by any such intermediary institution, which would subject our balance to the credit risk of the institution. | |
Derivative Financial Instruments | Derivative Financial Instruments |
We borrow funds at a combination of fixed and variable rates. Borrowings under our revolving credit facility and bank term loans bear interest at variable rates. Our long-term debt typically bears interest at fixed rates. Our interest rate risk management objectives are to limit generally the impact of interest rate changes on earnings and cash flows and to lower our overall borrowing costs. To achieve these objectives, from time to time, we enter into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate our interest rate risk with respect to various debt instruments. We generally do not hold or issue these derivative contracts for trading or speculative purposes. The interest rate on all of our variable rate debt is generally adjusted at one or three month intervals, subject to settlements under these interest rate hedge contracts. | |
Interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive loss ("AOCL") and is subsequently reclassified into interest expense in the period that the hedged forecasted transaction affects earnings. | |
We account for terminated derivative instruments by recognizing the related accumulated comprehensive income/loss balance in current earnings, unless the hedged forecasted transaction continues as originally planned, in which case we continue to amortize the accumulated comprehensive income/loss into earnings over the originally designated hedge period. | |
Earnings Per Share | Earnings Per Share and Per Unit |
Basic earnings per share of the Company is computed by dividing net income available for common stockholders by the weighted Common Shares outstanding - basic. Diluted earnings per share is computed by dividing net income available to common stockholders plus noncontrolling interests in the Operating Partnership by the weighted Common Shares outstanding - basic plus the dilutive effect of options, warrants and convertible securities outstanding, including Common Units, using the treasury stock method. Weighted Common Shares outstanding - basic includes all unvested restricted stock where dividends received on such restricted stock are non-forfeitable. | |
Basic earnings per unit of the Operating Partnership is computed by dividing net income available for common unitholders by the weighted Common Units outstanding - basic. Diluted earnings per unit is computed by dividing net income available to common unitholders by the weighted Common Units outstanding - basic plus the dilutive effect of options and warrants, using the treasury stock method. Weighted Common Units outstanding - basic includes all of the Company's unvested restricted stock where dividends received on such restricted stock are non-forfeitable. | |
Recently Issued Accounting Standards | Recently Issued Accounting Standards |
The Financial Accounting Standards Board ("FASB") recently issued an accounting standard update that requires only those real estate asset sales representing a strategic shift in operations (e.g., a disposal of a major geographic area or a major line of business) to be reflected in discontinued operations. This accounting standard update is required to be adopted in 2015. Early adoption is permitted, but only for real estate asset sales that have not been previously reflected as discontinued operations. We elected to early adopt the accounting standard update in the second quarter of 2014, resulting in the operations of current period dispositions and property classified as held for sale being included in continuing operations on our Consolidated Statements of Income. Prior to adoption, we were generally required to reflect all real estate asset sales as discontinued operations, which required reclassification of the earnings of the sold assets from continuing operations for all periods presented. | |
The FASB recently issued an accounting standard update that requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that we identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when we satisfy the performance obligations. We will also be required to disclose information regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The accounting standard update is required to be adopted in 2017. Retrospective application is required either to all periods presented or with the cumulative effect of initial adoption recognized in the period of adoption. We are in the process of evaluating this accounting standard update. |
Real_Estate_Assets_Real_Estate
Real Estate Assets Real Estate Assets (Tables) (Pro Forma 2013 Acquisitions [Member]) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Pro Forma 2013 Acquisitions [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
Schedule of Purchase Price Allocation | The following table sets forth a summary of the fair value of the major assets acquired and liabilities assumed relating to the 2013 acquisitions in Orlando, FL and Nashville, TN and the 553,000 rentable square foot office property in Atlanta, GA discussed in the preceding paragraphs: | |||
Total | ||||
Purchase Price Allocation | ||||
Real estate assets | $ | 445,396 | ||
Acquisition-related intangible assets (in deferred financing and leasing costs) | 50,595 | |||
Mortgages and notes payable | (127,891 | ) | ||
Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities) | (17,818 | ) | ||
Total allocation | $ | 350,282 | ||
Business Acquisition, Pro Forma Information | The following table sets forth our revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations, acquisition costs and equity in earnings of unconsolidated affiliates previously recognized as income assuming the Orlando, FL, Nashville, TN and Atlanta, GA acquisitions discussed in the preceding paragraph had been completed as of January 1, 2012: | |||
Year Ended December 31, | ||||
2013 | ||||
(unaudited) | ||||
Pro forma revenues | $ | 593,778 | ||
Pro forma net income | $ | 121,754 | ||
Pro forma earnings per share - basic | $ | 1.33 | ||
Pro forma earnings per share - diluted | $ | 1.33 | ||
Mortgages_and_Notes_Receivable1
Mortgages and Notes Receivable (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Receivables [Abstract] | ||||||||
Schedule of Mortgages and Notes Receivable | The following table sets forth our mortgages and notes receivable: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Seller financing (first mortgages) | $ | — | $ | 16,454 | ||||
Less allowance | — | — | ||||||
— | 16,454 | |||||||
Mortgage receivable (including accrued interest) | 10,869 | 9,435 | ||||||
Less allowance | — | — | ||||||
10,869 | 9,435 | |||||||
Promissory notes | 2,522 | 822 | ||||||
Less allowance | (275 | ) | (302 | ) | ||||
2,247 | 520 | |||||||
Mortgages and notes receivable, net | $ | 13,116 | $ | 26,409 | ||||
Schedule of Notes Receivable Allowance | The following table sets forth our notes receivable allowance, which relates only to promissory notes: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Beginning notes receivable allowance | $ | 302 | $ | 182 | ||||
Recoveries/write-offs/other | (27 | ) | 120 | |||||
Total notes receivable allowance | $ | 275 | $ | 302 | ||||
Investments_In_and_Advances_To1
Investments In and Advances To Affiliates (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||||||
Schedule of Equity Method Investments | The following table sets forth our ownership in unconsolidated affiliates at December 31, 2014: | |||||||||||
Joint Venture | Location of Properties | Ownership | ||||||||||
Interest | ||||||||||||
Concourse Center Associates, LLC | Greensboro, NC | 50.00% | ||||||||||
Plaza Colonnade, LLC | Kansas City, MO | 50.00% | ||||||||||
Highwoods DLF 97/26 DLF 99/32, LP | Orlando, FL | 42.90% | ||||||||||
Highwoods KC Glenridge Office, LLC | Atlanta, GA | 40.00% | ||||||||||
Highwoods KC Glenridge Land, LLC | Atlanta, GA | 39.90% | ||||||||||
Kessinger/Hunter & Company, LC | Kansas City, MO | 26.50% | ||||||||||
Highwoods DLF Forum, LLC | Raleigh, NC | 25.00% | ||||||||||
Highwoods DLF 98/29, LLC | Orlando, FL | 22.80% | ||||||||||
4600 Madison Associates, LP | Kansas City, MO | 12.50% | ||||||||||
Schedule of Equity Method Investments Summarized Balance Sheet Information | The following table sets forth the summarized balance sheets of our unconsolidated affiliates: | |||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Balance Sheets: | ||||||||||||
Assets: | ||||||||||||
Real estate assets, net | $ | 209,097 | $ | 228,497 | ||||||||
All other assets, net | 56,330 | 66,196 | ||||||||||
Total Assets | $ | 265,427 | $ | 294,693 | ||||||||
Liabilities and Partners’ or Shareholders’ Equity: | ||||||||||||
Mortgages and notes payable (1) | $ | 170,787 | $ | 189,432 | ||||||||
All other liabilities | 11,240 | 11,338 | ||||||||||
Partners’ or shareholders’ equity | 83,400 | 93,923 | ||||||||||
Total Liabilities and Partners’ or Shareholders’ Equity | $ | 265,427 | $ | 294,693 | ||||||||
Our share of historical partners’ or shareholders’ equity | $ | 28,088 | $ | 29,099 | ||||||||
Advances to unconsolidated affiliate | 64 | — | ||||||||||
Difference between cost of investments and the net book value of underlying net assets | (1,081 | ) | 802 | |||||||||
Carrying value of investments in and advances to unconsolidated affiliates | $ | 27,071 | $ | 29,901 | ||||||||
Our share of unconsolidated non-recourse mortgage debt (1) | $ | 56,812 | $ | 64,424 | ||||||||
__________ | ||||||||||||
4. Investments in and Advances to Affiliates – Continued | ||||||||||||
-1 | Our share of scheduled future principal payments, including amortization, due on mortgages and notes payable at December 31, 2014 is as follows: | |||||||||||
2015 | $ | 4,758 | ||||||||||
2016 | 1,117 | |||||||||||
2017 | 27,122 | |||||||||||
2018 | 19,377 | |||||||||||
2019 | 563 | |||||||||||
Thereafter | 3,875 | |||||||||||
$ | 56,812 | |||||||||||
All of this joint venture debt is non-recourse to us except in the case of customary exceptions pertaining to such matters as misuse of funds, environmental conditions, material misrepresentations and voluntary or uncontested involuntary bankruptcy events. | ||||||||||||
Schedule of Entitys Share Of Equity Method Investments Future Debt Maturities | Our share of scheduled future principal payments, including amortization, due on mortgages and notes payable at December 31, 2014 is as follows: | |||||||||||
2015 | $ | 4,758 | ||||||||||
2016 | 1,117 | |||||||||||
2017 | 27,122 | |||||||||||
2018 | 19,377 | |||||||||||
2019 | 563 | |||||||||||
Thereafter | 3,875 | |||||||||||
$ | 56,812 | |||||||||||
Schedule of Equity Method Investments Summarized Income Statement Information | The following table sets forth the summarized income statements of our unconsolidated affiliates: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Income Statements: | ||||||||||||
Rental and other revenues | $ | 50,514 | $ | 82,168 | $ | 101,233 | ||||||
Expenses: | ||||||||||||
Rental property and other expenses | 25,159 | 41,284 | 47,762 | |||||||||
Depreciation and amortization | 13,310 | 20,928 | 25,253 | |||||||||
Impairments of real estate assets | — | 20,077 | 7,180 | |||||||||
Interest expense | 8,847 | 14,994 | 20,953 | |||||||||
Total expenses | 47,316 | 97,283 | 101,148 | |||||||||
Income/(loss) before disposition of property | 3,198 | (15,115 | ) | 85 | ||||||||
Gains on disposition of property | 2,998 | 20,501 | 11,184 | |||||||||
Net income | $ | 6,196 | $ | 5,386 | $ | 11,269 | ||||||
Intangible_Assets_and_Below_Ma1
Intangible Assets and Below Market Lease Liabilities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||
Total Intangible Assets and Below Market Lease Liabilities | The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization: | ||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||
Deferred financing costs | $ | 19,478 | $ | 17,363 | |||||||||||||||||||||
Less accumulated amortization | (7,953 | ) | (5,204 | ) | |||||||||||||||||||||
11,525 | 12,159 | ||||||||||||||||||||||||
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) | 322,094 | 297,068 | |||||||||||||||||||||||
Less accumulated amortization | (104,851 | ) | (87,016 | ) | |||||||||||||||||||||
217,243 | 210,052 | ||||||||||||||||||||||||
Deferred financing and leasing costs, net | $ | 228,768 | $ | 222,211 | |||||||||||||||||||||
Liabilities (in accounts payable, accrued expenses and other liabilities): | |||||||||||||||||||||||||
Acquisition-related below market lease liabilities | $ | 55,783 | $ | 55,323 | |||||||||||||||||||||
Less accumulated amortization | (13,548 | ) | (8,478 | ) | |||||||||||||||||||||
$ | 42,235 | $ | 46,845 | ||||||||||||||||||||||
Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth amortization of intangible assets and below market lease liabilities: | ||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Amortization of deferred financing costs | $ | 3,082 | $ | 3,802 | $ | 3,685 | |||||||||||||||||||
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) | $ | 39,402 | $ | 37,094 | $ | 26,509 | |||||||||||||||||||
Amortization of lease incentives (in rental and other revenues) | $ | 1,465 | $ | 1,409 | $ | 1,389 | |||||||||||||||||||
Amortization of acquisition-related intangible assets (in rental and other revenues) | $ | 4,549 | $ | 3,676 | $ | 1,357 | |||||||||||||||||||
Amortization of acquisition-related intangible assets (in rental property and other expenses) | $ | 557 | $ | 556 | $ | 186 | |||||||||||||||||||
Amortization of acquisition-related below market lease liabilities (in rental and other revenues) | $ | (6,129 | ) | $ | (5,316 | ) | $ | (2,627 | ) | ||||||||||||||||
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities | The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities: | ||||||||||||||||||||||||
Years Ending December 31, | Amortization | Amortization | Amortization | Amortization | Amortization of Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) | Amortization | |||||||||||||||||||
of Deferred Financing | of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) | of Lease Incentives (in Rental and Other Revenues) | of Acquisition-Related Intangible Assets (in Rental and Other Revenues) | of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) | |||||||||||||||||||||
Costs | |||||||||||||||||||||||||
2015 | $ | 3,064 | $ | 40,621 | $ | 1,214 | $ | 4,375 | $ | 553 | $ | (5,990 | ) | ||||||||||||
2016 | 2,794 | 34,317 | 1,051 | 3,057 | 553 | (5,673 | ) | ||||||||||||||||||
2017 | 2,517 | 30,109 | 978 | 2,255 | 553 | (5,410 | ) | ||||||||||||||||||
2018 | 1,387 | 25,650 | 874 | 1,463 | 553 | (5,247 | ) | ||||||||||||||||||
2019 | 660 | 21,285 | 686 | 1,047 | 553 | (4,915 | ) | ||||||||||||||||||
Thereafter | 1,103 | 39,960 | 2,148 | 2,859 | 529 | (15,000 | ) | ||||||||||||||||||
$ | 11,525 | $ | 191,942 | $ | 6,951 | $ | 15,056 | $ | 3,294 | $ | (42,235 | ) | |||||||||||||
Weighted average remaining amortization periods as of December 31, 2014 (in years) | 4.4 | 6.5 | 8 | 6.2 | 6 | 8.2 | |||||||||||||||||||
Total Intangible Assets and Below Market Lease Liabilities from Acquisition Activity | The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2014 acquisition activity: | ||||||||||||||||||||||||
Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues) | Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) | Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues) | |||||||||||||||||||||||
Amount recorded from acquisition activity | $ | 1,375 | $ | 12,901 | $ | (1,521 | ) | ||||||||||||||||||
Weighted average remaining amortization periods as of December 31, 2014 (in years) | 3.4 | 5.4 | 5.5 | ||||||||||||||||||||||
Mortgages_and_Notes_Payable_Ta
Mortgages and Notes Payable (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Debt Disclosure [Abstract] | ||||||||
Schedule of Consolidated Mortgages and Notes Payable | Our mortgages and notes payable consist of the following: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Secured indebtedness: (1) | ||||||||
5.21% (3.11% effective rate) mortgage loan due 2014 (2) | $ | — | $ | 125,247 | ||||
5.17% (6.43% effective rate) mortgage loan due 2015 (3) | 39,324 | 39,609 | ||||||
3.50% (3.34% effective rate) mortgage loan due 2015 (4) | — | 37,340 | ||||||
6.88% mortgage loans due 2016 | 107,556 | 109,167 | ||||||
7.50% mortgage loan due 2016 | 44,501 | 45,103 | ||||||
5.10% (4.22% effective rate) mortgage loan due 2017 (5) | 115,229 | 118,126 | ||||||
5.74% to 8.15% mortgage loans due between 2014 and 2016 (6) | 6,258 | 14,072 | ||||||
312,868 | 488,664 | |||||||
Unsecured indebtedness: | ||||||||
5.85% (5.88% effective rate) notes due 2017 (7) | 379,427 | 379,311 | ||||||
7.50% notes due 2018 | 200,000 | 200,000 | ||||||
3.20% (3.363% effective rate) notes due 2021 (8) | 297,207 | — | ||||||
3.625% (3.752% effective rate) notes due 2023 (9) | 247,887 | 247,624 | ||||||
Variable rate term loan due 2019 (10) | 200,000 | 200,000 | ||||||
Variable rate term loan due 2019 (11) | 225,000 | 225,000 | ||||||
Revolving credit facility due 2018 (12) | 209,000 | 215,700 | ||||||
1,758,521 | 1,467,635 | |||||||
Total | $ | 2,071,389 | $ | 1,956,299 | ||||
__________ | ||||||||
-1 | Our secured mortgage loans were collateralized by real estate assets with an aggregate undepreciated book value of $580.6 million at December 31, 2014. 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 | Net of unamortized fair market value premium of $0.7 million as of December 31, 2013. This debt was repaid in 2014. | |||||||
-3 | Net of unamortized fair market value discount of $0.4 million and $0.8 million as of December 31, 2014 and 2013, respectively. | |||||||
-4 | Net of unamortized fair market value premium of $0.1 million as of December 31, 2013. This debt was repaid in 2014. | |||||||
-5 | Net of unamortized fair market premium of $2.7 million and $3.6 million as of December 31, 2014 and 2013, respectively. | |||||||
-6 | Net of unamortized fair market value premium of $0.1 million and $0.3 million as of December 31, 2014 and 2013, respectively. | |||||||
-7 | Net of unamortized original issuance discount of $0.3 million and $0.4 million as of December 31, 2014 and 2013, respectively. | |||||||
-8 | Net of unamortized original issuance discount of $2.8 million as of December 31, 2014. | |||||||
-9 | Net of unamortized original issuance discount of $2.1 million and $2.4 million as of December 31, 2014 and 2013, respectively. | |||||||
-10 | The interest rate is 1.36% at December 31, 2014. | |||||||
-11 | 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 3.43%. | |||||||
-12 | The interest rate is 1.26% at December 31, 2014. | |||||||
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, 2014: | |||||||
Years Ending December 31, | Principal Amount | |||||||
2015 | $ | 44,145 | ||||||
2016 | 157,786 | |||||||
2017 | 488,279 | |||||||
2018 | 408,305 | |||||||
2019 | 424,305 | |||||||
Thereafter | 548,569 | |||||||
$ | 2,071,389 | |||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||
Schedule of Derivative Instruments, Fair Value | The following table sets forth the gross fair value of our derivatives: | |||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Derivatives: | ||||||||||||
Derivatives designated as cash flow hedges in prepaid expenses and other assets: | ||||||||||||
Interest rate swaps | $ | — | $ | 301 | ||||||||
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities: | ||||||||||||
Interest rate swaps | $ | 2,412 | $ | 510 | ||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The following table sets forth the effect of our cash flow hedges on AOCL and interest expense: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Derivatives Designated as Cash Flow Hedges: | ||||||||||||
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion): | ||||||||||||
Interest rate swaps | $ | (5,662 | ) | $ | 5,778 | $ | (10,358 | ) | ||||
Amount of losses reclassified out of AOCL into contractual interest expense (effective portion): | ||||||||||||
Interest rate swaps | $ | 3,777 | $ | 3,370 | $ | 3,053 | ||||||
Financing_Arrangements_Tables
Financing Arrangements (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Financing Arrangements [Abstract] | ||||||||
Schedule of Financing Arrangements | Our financing obligations consist of the following: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Harborview financing obligation | $ | 14,557 | $ | 16,242 | ||||
Tax increment financing bond | 8,962 | 10,422 | ||||||
Total | $ | 23,519 | $ | 26,664 | ||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Scheduled Future Obligations, Operating Ground Leases | The following table sets forth our scheduled obligations for future minimum payments on operating ground leases at December 31, 2014: | ||||
Years Ending December 31, | Minimum Payments | ||||
2015 | $ | 3,035 | |||
2016 | 3,068 | ||||
2017 | 3,102 | ||||
2018 | 3,138 | ||||
2019 | 3,175 | ||||
Thereafter | 112,593 | ||||
$ | 128,111 | ||||
Noncontrolling_Interests_Table
Noncontrolling Interests (Tables) (Highwoods Properties, Inc. [Member]) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Highwoods Properties, Inc. [Member] | ||||||||||||
Noncontrolling Interest [Line Items] | ||||||||||||
Noncontrolling Interests in the Operating Partnership | The following table sets forth the Company's noncontrolling interests in the Operating Partnership: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Beginning noncontrolling interests in the Operating Partnership | $ | 106,480 | $ | 124,869 | ||||||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 25,275 | 11,375 | ||||||||||
Conversions of Common Units to Common Stock | (162 | ) | (28,788 | ) | ||||||||
Redemptions of Common Units | (93 | ) | — | |||||||||
Net income attributable to noncontrolling interests in the Operating Partnership | 3,542 | 4,691 | ||||||||||
Distributions to noncontrolling interests in the Operating Partnership | (4,994 | ) | (5,667 | ) | ||||||||
Total noncontrolling interests in the Operating Partnership | $ | 130,048 | $ | 106,480 | ||||||||
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership | The following table sets forth net income available for common stockholders and transfers from the Company's noncontrolling interests in the Operating Partnership: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net income available for common stockholders | $ | 108,457 | $ | 122,949 | $ | 77,087 | ||||||
Increase in additional paid in capital from conversions of Common Units to Common Stock | 162 | 28,788 | 2,096 | |||||||||
Issuances of Common Units | — | — | (2,299 | ) | ||||||||
Change from net income available for common stockholders and transfers from noncontrolling interests | $ | 108,619 | $ | 151,737 | $ | 76,884 | ||||||
Disclosure_About_Fair_Value_of1
Disclosure About Fair Value of Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||
Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests | The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy. | |||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
Total | Quoted Prices | Significant Observable Inputs | Significant Unobservable Inputs | |||||||||||||
in Active | ||||||||||||||||
Markets for Identical Assets or Liabilities | ||||||||||||||||
Fair Value at December 31, 2014: | ||||||||||||||||
Assets: | ||||||||||||||||
Mortgages and notes receivable, at fair value (1) | $ | 13,142 | $ | — | $ | 2,247 | $ | 10,895 | ||||||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 3,635 | 3,635 | — | — | ||||||||||||
Tax increment financing bond (in prepaid expenses and other assets) | 12,447 | — | — | 12,447 | ||||||||||||
Total Assets | $ | 29,224 | $ | 3,635 | $ | 2,247 | $ | 23,342 | ||||||||
Noncontrolling Interests in the Operating Partnership | $ | 130,048 | $ | 130,048 | $ | — | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Mortgages and notes payable, at fair value (1) | $ | 2,141,334 | $ | — | $ | 2,141,334 | $ | — | ||||||||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 2,412 | — | 2,412 | — | ||||||||||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 3,635 | 3,635 | — | — | ||||||||||||
Financing obligations, at fair value (1) | 20,117 | — | — | 20,117 | ||||||||||||
Total Liabilities | $ | 2,167,498 | $ | 3,635 | $ | 2,143,746 | $ | 20,117 | ||||||||
Fair Value at December 31, 2013: | ||||||||||||||||
Assets: | ||||||||||||||||
Mortgages and notes receivable, at fair value (1) | $ | 26,485 | $ | — | $ | 17,029 | $ | 9,456 | ||||||||
Interest rate swaps (in prepaid expenses and other assets) | 301 | — | 301 | — | ||||||||||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 3,996 | 3,996 | — | — | ||||||||||||
Tax increment financing bond (in prepaid expenses and other assets) | 13,403 | — | — | 13,403 | ||||||||||||
Total Assets | $ | 44,185 | $ | 3,996 | $ | 17,330 | $ | 22,859 | ||||||||
Noncontrolling Interests in the Operating Partnership | $ | 106,480 | $ | 106,480 | $ | — | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Mortgages and notes payable, at fair value (1) | $ | 2,037,385 | $ | — | $ | 2,037,385 | $ | — | ||||||||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 510 | — | 510 | — | ||||||||||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 3,996 | 3,996 | — | — | ||||||||||||
Financing obligations, at fair value (1) | 22,478 | — | — | 22,478 | ||||||||||||
Total Liabilities | $ | 2,064,369 | $ | 3,996 | $ | 2,037,895 | $ | 22,478 | ||||||||
__________ | ||||||||||||||||
(1) Amounts recorded at historical cost on our Consolidated Balance Sheets at December 31, 2014 and 2013. | ||||||||||||||||
Fair Value Measurements, Unobservable Inputs Reconciliation | The following table sets forth the changes in our Level 3 asset and liability, which are recorded at fair value on our Consolidated Balance Sheets: | |||||||||||||||
December 31, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Asset: | ||||||||||||||||
Tax Increment Financing Bond: | ||||||||||||||||
Beginning balance | $ | 13,403 | $ | 14,496 | ||||||||||||
Principal repayment | (1,540 | ) | (1,962 | ) | ||||||||||||
Unrealized gains (in AOCL) | 584 | 869 | ||||||||||||||
Ending balance | $ | 12,447 | $ | 13,403 | ||||||||||||
Liability: | ||||||||||||||||
Contingent Consideration: | ||||||||||||||||
Beginning balance | $ | — | $ | 563 | ||||||||||||
Recognized gains (in general and administrative expenses) | — | (563 | ) | |||||||||||||
Ending balance | $ | — | $ | — | ||||||||||||
Fair Value Measurements, Valuation Techniques | The following table sets forth quantitative information about the unobservable inputs of our Level 3 assets, which were recorded at fair value on our Consolidated Balance Sheets: | |||||||||||||||
Valuation | Unobservable | Rate/ Percentage | ||||||||||||||
Technique | Input | |||||||||||||||
2014 Assets: | ||||||||||||||||
Tax increment financing bond | Income approach | Discount rate | 8.40% | |||||||||||||
Impaired real estate assets | Income approach | Capitalization rate | 9.50% | |||||||||||||
Discount rate | 10.00% | |||||||||||||||
2013 Assets: | ||||||||||||||||
Tax increment financing bond | Income approach | Discount rate | 9.30% | |||||||||||||
Impaired real estate assets | Income approach | Capitalization rate | 8.5% - 10.5% | |||||||||||||
Discount rate | 9.0% - 15.0% |
Equity_Tables
Equity (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||
Schedule of Stock by Class, Preferred Stock | The following table sets forth the Company's Preferred Stock: | |||||||||||||||||||
Preferred Stock Issuances | Issue Date | Number of Shares Outstanding | Carrying Value | Liquidation Preference Per Share | Optional Redemption Date | Annual Dividends Payable Per Share | ||||||||||||||
(in thousands) | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,060 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
December 31, 2013 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,077 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
The following table sets forth the number of shares of Common Stock reserved for future issuance under the Company's long-term equity incentive plan: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Outstanding stock options and warrants | 592,321 | 889,382 | ||||||||||||||||||
Possible future issuance under equity incentive plans | 1,382,406 | 1,742,237 | ||||||||||||||||||
1,974,727 | 2,631,619 | |||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||
Schedule of Dividends Payable | The following table sets forth the Company's estimated taxability to the common stockholders of dividends per share for federal income tax purposes: | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Ordinary income | $ | 1.31 | $ | 1.28 | $ | 1.28 | ||||||||||||||
Capital gains | 0.29 | 0.26 | 0.24 | |||||||||||||||||
Return of capital | 0.1 | 0.16 | 0.18 | |||||||||||||||||
Total | $ | 1.7 | $ | 1.7 | $ | 1.7 | ||||||||||||||
Preferred Stock [Member] | ||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||
Schedule of Dividends Payable | The following table sets forth the Company's estimated taxability to the preferred stockholders of dividends per share for federal income tax purposes: | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
8.625% Series A Cumulative Redeemable: | ||||||||||||||||||||
Ordinary income | $ | 70.41 | $ | 71.56 | $ | 72.46 | ||||||||||||||
Capital gains | 15.84 | 14.69 | 13.79 | |||||||||||||||||
Total | $ | 86.25 | $ | 86.25 | $ | 86.25 | ||||||||||||||
Highwoods Realty Limited Partnership [Member] | ||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||
Schedule of Stock by Class, Preferred Stock | The following table sets forth the Operating Partnership's Preferred Units: | |||||||||||||||||||
Preferred Unit Issuances | Issue Date | Number of | Carrying | Liquidation Preference | Optional Redemption | Annual | ||||||||||||||
Units | Value | Per Unit | Date | Distributions | ||||||||||||||||
Outstanding | Payable | |||||||||||||||||||
Per Unit | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,060 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
December 31, 2013 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,077 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||
Schedule of Stock by Class | The following table sets forth the Company's Preferred Stock: | |||||||||||||||||||
Preferred Stock Issuances | Issue Date | Number of Shares Outstanding | Carrying Value | Liquidation Preference Per Share | Optional Redemption Date | Annual Dividends Payable Per Share | ||||||||||||||
(in thousands) | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,060 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
December 31, 2013 | ||||||||||||||||||||
8.625% Series A Cumulative Redeemable | 2/12/97 | 29 | $ | 29,077 | $ | 1,000 | 2/12/27 | $ | 86.25 | |||||||||||
The following table sets forth the number of shares of Common Stock reserved for future issuance under the Company's long-term equity incentive plan: | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Outstanding stock options and warrants | 592,321 | 889,382 | ||||||||||||||||||
Possible future issuance under equity incentive plans | 1,382,406 | 1,742,237 | ||||||||||||||||||
1,974,727 | 2,631,619 | |||||||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The following table sets forth stock option activity: | |||||||||||||||||||
Options Outstanding | ||||||||||||||||||||
Number of Options | Weighted Average Exercise Price | |||||||||||||||||||
Balances at December 31, 2011 | 1,209,455 | $ | 29.08 | |||||||||||||||||
Options granted | 190,886 | 31.97 | ||||||||||||||||||
Options exercised | (271,032 | ) | 26.87 | |||||||||||||||||
Balances at December 31, 2012 | 1,129,309 | 30.1 | ||||||||||||||||||
Options granted | 168,700 | 36.5 | ||||||||||||||||||
Options exercised | (423,627 | ) | 28.22 | |||||||||||||||||
Balances at December 31, 2013 | 874,382 | 32.24 | ||||||||||||||||||
Options granted | 190,330 | 37.9 | ||||||||||||||||||
Options canceled | (134,628 | ) | 41.93 | |||||||||||||||||
Options exercised | (352,763 | ) | 27.21 | |||||||||||||||||
Balances at December 31, 2014 (1) (2) | 577,321 | $ | 34.92 | |||||||||||||||||
__________ | ||||||||||||||||||||
-1 | The outstanding options at December 31, 2014 had a weighted average remaining life of 5.8 years. | |||||||||||||||||||
-2 | The Company had 128,364 options exercisable at December 31, 2014 with a weighted average exercise price of $31.44, weighted average remaining life of 3.1 years and intrinsic value of $1.6 million. Of these exercisable options, there were no exercise prices higher than the market price of our Common Stock at December 31, 2014. | |||||||||||||||||||
Schedule of NonQualified Deferred Compensation Liability | The following table sets forth our deferred compensation liability: | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Beginning deferred compensation liability | $ | 3,996 | $ | 3,354 | $ | 3,149 | ||||||||||||||
Mark-to-market adjustment to deferred compensation (in general and administrative expenses) | 235 | 803 | 475 | |||||||||||||||||
Distributions from deferred compensation plans | (596 | ) | (161 | ) | (270 | ) | ||||||||||||||
Total deferred compensation liability | $ | 3,635 | $ | 3,996 | $ | 3,354 | ||||||||||||||
Stock Options [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | Stock options issued prior to 2005 and in 2014 vest ratably on an annual basis over four years and expire after 10 years. Stock options issued from 2005 through 2013 vest ratably on an annual basis over four years and expire after seven years. The value of all options as of the date of grant is calculated using the Black-Scholes option-pricing model and is amortized over the respective vesting period or the service period, if shorter, for employees who are or will become eligible under the Company's retirement plan. The weighted average fair values of options granted during 2014, 2013 and 2012 were $6.75, $6.50 and $5.47, respectively, per option. The fair values of the options granted were determined at the grant dates using the following assumptions: | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Risk free interest rate (1) | 1.8 | % | 1 | % | 1.1 | % | ||||||||||||||
Common stock dividend yield (2) | 4.5 | % | 4.7 | % | 5.3 | % | ||||||||||||||
Expected volatility (3) | 30.3 | % | 32.4 | % | 33.4 | % | ||||||||||||||
Average expected option life (years) (4) | 5.75 | 5.75 | 5.75 | |||||||||||||||||
__________ | ||||||||||||||||||||
-1 | Represents the interest rate as of the grant date on US treasury bonds having the same life as the estimated life of the option grants. | |||||||||||||||||||
-2 | The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the per share price of Common Stock on the date of grant. | |||||||||||||||||||
-3 | Based on the historical volatility of Common Stock over a period relevant to the related stock option grant. | |||||||||||||||||||
-4 | The average expected option life is based on an analysis of the Company's historical data. | |||||||||||||||||||
Time-Based Restricted Stock [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | The following table sets forth time-based restricted stock activity: | |||||||||||||||||||
Number of Shares | Weighted Average Grant Date Fair Value | |||||||||||||||||||
Restricted shares outstanding at December 31, 2011 | 224,661 | $ | 28.02 | |||||||||||||||||
Awarded and issued (1) | 90,983 | 32.27 | ||||||||||||||||||
Vested (2) | (92,239 | ) | 27.14 | |||||||||||||||||
Forfeited | (903 | ) | 30.12 | |||||||||||||||||
Restricted shares outstanding at December 31, 2012 | 222,502 | 30.31 | ||||||||||||||||||
Awarded and issued (1) | 86,144 | 36.64 | ||||||||||||||||||
Vested (2) | (94,037 | ) | 27.8 | |||||||||||||||||
Forfeited | (1,813 | ) | 36.01 | |||||||||||||||||
Restricted shares outstanding at December 31, 2013 | 212,796 | 33.96 | ||||||||||||||||||
Awarded and issued (1) | 94,932 | 37.76 | ||||||||||||||||||
Vested (2) | (85,660 | ) | 32.87 | |||||||||||||||||
Restricted shares outstanding at December 31, 2014 | 222,068 | $ | 35.97 | |||||||||||||||||
__________ | ||||||||||||||||||||
-1 | The weighted average fair value at grant date of time-based restricted stock issued during the years ended December 31, 2014, 2013 and 2012 was $3.6 million, $3.2 million and $2.9 million, respectively. | |||||||||||||||||||
-2 | The vesting date fair value of time-based restricted stock that vested during the years ended December 31, 2014, 2013 and 2012 was $3.2 million, $3.4 million and $2.9 million, respectively. Vested shares include those shares surrendered by employees to satisfy tax withholding obligations in connection with such vesting. | |||||||||||||||||||
Total Return-Based Restricted Stock [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair values of the total return-based restricted stock granted were determined at the grant dates using a Monte Carlo simulation model and the following assumptions: | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Risk free interest rate (1) | 0.7 | % | 0.4 | % | 0.4 | % | ||||||||||||||
Common stock dividend yield (2) | 4.7 | % | 4.9 | % | 5.4 | % | ||||||||||||||
Expected volatility (3) | 43.4 | % | 43.4 | % | 43.7 | % | ||||||||||||||
__________ | ||||||||||||||||||||
-1 | Represents the interest rate as of the grant date on US treasury bonds having the same life as the estimated life of the total return-based restricted stock grants. | |||||||||||||||||||
-2 | The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the average per share price of Common Stock during the three-month period preceding the date of grant. | |||||||||||||||||||
-3 | Based on the historical volatility of Common Stock over a period relevant to the related total return-based restricted stock grant. | |||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | The following table sets forth total return-based restricted stock activity: | |||||||||||||||||||
Number of Shares | Weighted Average Grant Date Fair Value | |||||||||||||||||||
Restricted shares outstanding at December 31, 2011 | 122,829 | $ | 34.86 | |||||||||||||||||
Awarded and issued (1) | 67,902 | 38.71 | ||||||||||||||||||
Vested (2) | (32,722 | ) | 29.47 | |||||||||||||||||
Forfeited | (32,721 | ) | 29.47 | |||||||||||||||||
Restricted shares outstanding at December 31, 2012 | 125,288 | 32.87 | ||||||||||||||||||
Awarded and issued (1) | 65,486 | 31.73 | ||||||||||||||||||
Vested (2) | (41,863 | ) | 24.75 | |||||||||||||||||
Forfeited | (15,523 | ) | 24.75 | |||||||||||||||||
Restricted shares outstanding at December 31, 2013 | 133,388 | 35.29 | ||||||||||||||||||
Awarded and issued (1) | 74,569 | 35.58 | ||||||||||||||||||
Restricted shares outstanding at December 31, 2014 | 207,957 | $ | 35.7 | |||||||||||||||||
__________ | ||||||||||||||||||||
-1 | The fair value at grant date of total return-based restricted stock issued during the years ended December 31, 2014, 2013 and 2012 was $2.7 million, $2.1 million and $2.6 million, respectively. | |||||||||||||||||||
-2 | The vesting date fair value of total return-based restricted stock that vested during the years ended December 31, 2013 and 2012 was $1.5 million and $1.1 million, respectively. Vested shares include those shares surrendered by employees to satisfy tax withholding obligations in connection with such vesting. There were no vested shares of total return-based restricted stock during the year ended December 31, 2014. |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||
Components of Accumulated Comprehensive Loss | The following table sets forth the components of AOCL: | |||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Tax increment financing bond: | ||||||||
Beginning balance | $ | (1,029 | ) | $ | (1,898 | ) | ||
Unrealized gains on tax increment financing bond | 584 | 869 | ||||||
Ending balance | (445 | ) | (1,029 | ) | ||||
Cash flow hedges: | ||||||||
Beginning balance | (1,582 | ) | (10,730 | ) | ||||
Unrealized gains/(losses) on cash flow hedges | (5,662 | ) | 5,778 | |||||
Amortization of cash flow hedges (1) | 3,777 | 3,370 | ||||||
Ending balance | (3,467 | ) | (1,582 | ) | ||||
Total accumulated other comprehensive loss | $ | (3,912 | ) | $ | (2,611 | ) |
Rental_and_Other_Revenues_Rent1
Rental and Other Revenues; Rental Property and Other Expenses (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Rental and Other Revenues; Rental Property And Other Expenses [Abstract] | ||||||||||||
Schedule of Rental and Other Revenues | The following table sets forth our rental and other revenues from continuing operations: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Contractual rents, net | $ | 512,766 | $ | 474,163 | $ | 413,650 | ||||||
Straight-line rental income, net | 21,281 | 17,226 | 16,104 | |||||||||
Amortization of lease incentives | (1,465 | ) | (1,409 | ) | (1,389 | ) | ||||||
Cost recovery income, net | 51,273 | 43,586 | 38,547 | |||||||||
Lease termination fees | 2,203 | 2,030 | 1,848 | |||||||||
Fee income | 3,560 | 5,557 | 4,965 | |||||||||
Other miscellaneous operating revenues | 18,850 | 15,657 | 11,321 | |||||||||
$ | 608,468 | $ | 556,810 | $ | 485,046 | |||||||
Schedule of Future Minimum Rental Payments for Operating Leases | The following table sets forth our scheduled future minimum base rents to be received from customers for leases in effect at December 31, 2014 for the properties that we wholly own: | |||||||||||
2015 | $ | 540,981 | ||||||||||
2016 | 521,790 | |||||||||||
2017 | 472,532 | |||||||||||
2018 | 422,418 | |||||||||||
2019 | 364,170 | |||||||||||
Thereafter | 1,304,381 | |||||||||||
$ | 3,626,272 | |||||||||||
Operating Costs and Other Expenses | The following table sets forth our rental property and other expenses from continuing operations: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Utilities, insurance and real estate taxes | $ | 120,380 | $ | 108,095 | $ | 94,710 | ||||||
Maintenance, cleaning and general building | 82,983 | 75,969 | 65,430 | |||||||||
Property management and administrative expenses | 13,110 | 12,429 | 11,718 | |||||||||
Other miscellaneous operating expenses | 9,031 | 6,851 | 4,886 | |||||||||
$ | 225,504 | $ | 203,344 | $ | 176,744 | |||||||
Real_Estate_and_Other_Assets_H1
Real Estate and Other Assets Held For Sale and Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||
Real Estate and Other Assets of the Properties Classified As Held For Sale | The following table sets forth the major classes of assets of our real estate and other assets, net, held for sale: | |||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Assets: | ||||||||||||
Land held for development | $ | 995 | $ | — | ||||||||
Net real estate assets | 995 | — | ||||||||||
Prepaid expenses and other assets | 43 | — | ||||||||||
Real estate and other assets, net, held for sale | $ | 1,038 | $ | — | ||||||||
Operations Classified As Discontinued Operations | The following table sets forth our operations that were classified as discontinued operations prior to the adoption of the accounting standard update discussed in Note 1: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Rental and other revenues | $ | — | $ | 20,812 | $ | 41,176 | ||||||
Operating expenses: | ||||||||||||
Rental property and other expenses | — | 8,283 | 14,456 | |||||||||
Depreciation and amortization | — | 5,753 | 11,970 | |||||||||
Total operating expenses | — | 14,036 | 26,426 | |||||||||
Interest expense | — | — | 283 | |||||||||
Income from discontinued operations | — | 6,776 | 14,467 | |||||||||
Impairments of real estate assets | — | (2,194 | ) | — | ||||||||
Net gains on disposition of discontinued operations | 384 | 63,792 | 29,455 | |||||||||
Total discontinued operations | $ | 384 | $ | 68,374 | $ | 43,922 | ||||||
Earnings_Per_ShareUnit_Tables
Earnings Per Share/Unit (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Earnings Per Share/Unit Basic and Diluted [Line Items] | ||||||||||||
Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share of the Company: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Earnings per Common Share - basic: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,723 | $ | 40,313 | ||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations | (3,530 | ) | (2,185 | ) | (1,767 | ) | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Dividends on Preferred Stock | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common stockholders | 108,085 | 57,081 | 35,252 | |||||||||
Income from discontinued operations | 384 | 68,374 | 43,922 | |||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations | (12 | ) | (2,506 | ) | (2,087 | ) | ||||||
Income from discontinued operations available for common stockholders | 372 | 65,868 | 41,835 | |||||||||
Net income available for common stockholders | $ | 108,457 | $ | 122,949 | $ | 77,087 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Share – weighted average shares | 90,743 | 85,335 | 75,811 | |||||||||
Earnings per Common Share - basic: | ||||||||||||
Income from continuing operations available for common stockholders | $ | 1.2 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common stockholders | — | 0.77 | 0.55 | |||||||||
Net income available for common stockholders | $ | 1.2 | $ | 1.44 | $ | 1.02 | ||||||
Earnings per Common Share - diluted: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,723 | $ | 40,313 | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Dividends on Preferred Stock | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | 111,615 | 59,266 | 37,019 | |||||||||
Income from discontinued operations available for common stockholders | 384 | 68,374 | 43,922 | |||||||||
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 111,999 | $ | 127,640 | $ | 80,941 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Share – weighted average shares | 90,743 | 85,335 | 75,811 | |||||||||
Add: | ||||||||||||
Stock options using the treasury method | 119 | 114 | 122 | |||||||||
Noncontrolling interests Common Units | 2,938 | 3,387 | 3,745 | |||||||||
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) (2) | 93,800 | 88,836 | 79,678 | |||||||||
Earnings per Common Share - diluted: | ||||||||||||
Income from continuing operations available for common stockholders | $ | 1.19 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common stockholders | — | 0.77 | 0.55 | |||||||||
Net income available for common stockholders | $ | 1.19 | $ | 1.44 | $ | 1.02 | ||||||
__________ | ||||||||||||
17 | Earnings Per Share and Per Unit - Continued | |||||||||||
-1 | There were 0.3 million and 0.5 million options outstanding during the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014. | |||||||||||
-2 | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. | |||||||||||
Earnings Per Unit | The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Earnings per Common Unit - basic: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,672 | $ | 40,373 | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Distributions on Preferred Units | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||||||||
Income from discontinued operations available for common unitholders | 384 | 68,374 | 43,922 | |||||||||
Net income available for common unitholders | $ | 111,999 | $ | 127,589 | $ | 81,001 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Unit – weighted average units | 93,272 | 88,313 | 79,147 | |||||||||
Earnings per Common Unit - basic: | ||||||||||||
Income from continuing operations available for common unitholders | $ | 1.2 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common unitholders | — | 0.77 | 0.55 | |||||||||
Net income available for common unitholders | $ | 1.2 | $ | 1.44 | $ | 1.02 | ||||||
Earnings per Common Unit - diluted: | ||||||||||||
Numerator: | ||||||||||||
Income from continuing operations | $ | 115,588 | $ | 62,672 | $ | 40,373 | ||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (1,466 | ) | (949 | ) | (786 | ) | ||||||
Distributions on Preferred Units | (2,507 | ) | (2,508 | ) | (2,508 | ) | ||||||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||||||||
Income from discontinued operations available for common unitholders | 384 | 68,374 | 43,922 | |||||||||
Net income available for common unitholders | $ | 111,999 | $ | 127,589 | $ | 81,001 | ||||||
Denominator: | ||||||||||||
Denominator for basic earnings per Common Unit – weighted average units | 93,272 | 88,313 | 79,147 | |||||||||
Add: | ||||||||||||
Stock options using the treasury method | 119 | 114 | 122 | |||||||||
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) (2) | 93,391 | 88,427 | 79,269 | |||||||||
Earnings per Common Unit - diluted: | ||||||||||||
Income from continuing operations available for common unitholders | $ | 1.2 | $ | 0.67 | $ | 0.47 | ||||||
Income from discontinued operations available for common unitholders | — | 0.77 | 0.55 | |||||||||
Net income available for common unitholders | $ | 1.2 | $ | 1.44 | $ | 1.02 | ||||||
__________ | ||||||||||||
-1 | There were 0.3 million and 0.5 million options outstanding during the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014. | |||||||||||
-2 | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. | |||||||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Segment Reporting [Abstract] | ||||||||||||
Segment Information | The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments: | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Rental and Other Revenues: | ||||||||||||
Office: | ||||||||||||
Atlanta, GA | $ | 96,075 | $ | 80,330 | $ | 60,474 | ||||||
Greensboro, NC | 25,018 | 26,047 | 19,489 | |||||||||
Greenville, SC | 2,140 | 3,399 | 3,269 | |||||||||
Kansas City, MO | 16,558 | 16,303 | 14,995 | |||||||||
Memphis, TN | 41,016 | 38,369 | 36,812 | |||||||||
Nashville, TN | 80,722 | 62,054 | 56,512 | |||||||||
Orlando, FL | 36,574 | 21,798 | 9,052 | |||||||||
Pittsburgh, PA | 56,692 | 56,125 | 38,776 | |||||||||
Raleigh, NC | 87,428 | 85,417 | 81,581 | |||||||||
Richmond, VA | 45,559 | 47,576 | 47,284 | |||||||||
Tampa, FL | 69,693 | 68,519 | 66,287 | |||||||||
Total Office Segment | 557,475 | 505,937 | 434,531 | |||||||||
Industrial: | ||||||||||||
Atlanta, GA | 657 | 827 | 812 | |||||||||
Greensboro, NC | 11,555 | 12,170 | 12,512 | |||||||||
Total Industrial Segment | 12,212 | 12,997 | 13,324 | |||||||||
Retail: | ||||||||||||
Kansas City, MO | 38,781 | 37,876 | 37,191 | |||||||||
Total Retail Segment | 38,781 | 37,876 | 37,191 | |||||||||
Total Rental and Other Revenues | $ | 608,468 | $ | 556,810 | $ | 485,046 | ||||||
19 | Segment Information - Continued | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net Operating Income: | ||||||||||||
Office: | ||||||||||||
Atlanta, GA | $ | 58,180 | $ | 49,650 | $ | 38,186 | ||||||
Greensboro, NC | 15,784 | 16,788 | 12,282 | |||||||||
Greenville, SC | 1,150 | 1,893 | 1,701 | |||||||||
Kansas City, MO | 10,769 | 10,694 | 9,509 | |||||||||
Memphis, TN | 24,376 | 22,133 | 21,831 | |||||||||
Nashville, TN | 55,354 | 42,598 | 38,801 | |||||||||
Orlando, FL | 21,286 | 12,048 | 4,334 | |||||||||
Pittsburgh, PA | 31,505 | 31,134 | 19,530 | |||||||||
Raleigh, NC | 61,317 | 60,075 | 56,584 | |||||||||
Richmond, VA | 30,021 | 32,454 | 32,382 | |||||||||
Tampa, FL | 40,875 | 41,573 | 41,306 | |||||||||
Total Office Segment | 350,617 | 321,040 | 276,446 | |||||||||
Industrial: | ||||||||||||
Atlanta, GA | 364 | 492 | 468 | |||||||||
Greensboro, NC | 8,350 | 8,937 | 9,142 | |||||||||
Total Industrial Segment | 8,714 | 9,429 | 9,610 | |||||||||
Retail: | ||||||||||||
Kansas City, MO | 23,724 | 23,074 | 22,510 | |||||||||
Total Retail Segment | 23,724 | 23,074 | 22,510 | |||||||||
Residential: | ||||||||||||
Raleigh, NC | — | — | (178 | ) | ||||||||
Total Residential Segment | — | — | (178 | ) | ||||||||
Corporate and other | (91 | ) | (77 | ) | (86 | ) | ||||||
Total Net Operating Income | 382,964 | 353,466 | 308,302 | |||||||||
Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates: | ||||||||||||
Depreciation and amortization | (196,023 | ) | (176,957 | ) | (146,357 | ) | ||||||
Impairments of real estate assets | (588 | ) | — | — | ||||||||
General and administrative expenses | (36,223 | ) | (37,193 | ) | (37,377 | ) | ||||||
Interest expense | (85,852 | ) | (92,703 | ) | (96,114 | ) | ||||||
Other income | 5,131 | 6,398 | 6,380 | |||||||||
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates | $ | 69,409 | $ | 53,011 | $ | 34,834 | ||||||
19 | Segment Information - Continued | |||||||||||
December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Total Assets: | ||||||||||||
Office: | ||||||||||||
Atlanta, GA | $ | 700,085 | $ | 699,263 | ||||||||
Greensboro, NC | 139,479 | 164,885 | ||||||||||
Greenville, SC | — | 15,890 | ||||||||||
Kansas City, MO | 82,304 | 83,124 | ||||||||||
Memphis, TN | 280,186 | 249,479 | ||||||||||
Nashville, TN | 527,317 | 490,887 | ||||||||||
Orlando, FL | 291,611 | 226,314 | ||||||||||
Pittsburgh, PA | 334,539 | 335,798 | ||||||||||
Raleigh, NC | 669,450 | 494,208 | ||||||||||
Richmond, VA | 215,987 | 241,739 | ||||||||||
Tampa, FL | 420,828 | 424,287 | ||||||||||
Total Office Segment | 3,661,786 | 3,425,874 | ||||||||||
Industrial: | ||||||||||||
Atlanta, GA | 12,063 | 25,936 | ||||||||||
Greensboro, NC | 67,471 | 74,836 | ||||||||||
Total Industrial Segment | 79,534 | 100,772 | ||||||||||
Retail: | ||||||||||||
Kansas City, MO | 159,390 | 161,779 | ||||||||||
Total Retail Segment | 159,390 | 161,779 | ||||||||||
Corporate and other | 104,199 | 118,676 | ||||||||||
Total Assets | $ | 4,004,909 | $ | 3,807,101 | ||||||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Quarterly Financial Data [Line Items] | ||||||||||||||||||||
Schedule of Quarterly Financial Data | The following tables set forth quarterly financial information of the Company: | |||||||||||||||||||
Year Ended December 31, 2014 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 148,453 | $ | 152,722 | $ | 152,629 | $ | 154,664 | $ | 608,468 | ||||||||||
Income from continuing operations | 13,192 | 24,512 | 54,299 | 23,585 | 115,588 | |||||||||||||||
Income from discontinued operations | 384 | — | — | — | 384 | |||||||||||||||
Net income | 13,576 | 24,512 | 54,299 | 23,585 | 115,972 | |||||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | (398 | ) | (742 | ) | (1,673 | ) | (729 | ) | (3,542 | ) | ||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (423 | ) | (438 | ) | (291 | ) | (314 | ) | (1,466 | ) | ||||||||||
Dividends on Preferred Stock | (627 | ) | (627 | ) | (627 | ) | (626 | ) | (2,507 | ) | ||||||||||
Net income available for common stockholders | $ | 12,128 | $ | 22,705 | $ | 51,708 | $ | 21,916 | $ | 108,457 | ||||||||||
Earnings per Common Share – basic: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Net income available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Earnings per Common Share – diluted: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.19 | ||||||||||
Net income available for common stockholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.19 | ||||||||||
20 | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 130,377 | $ | 132,618 | $ | 144,827 | $ | 148,988 | $ | 556,810 | ||||||||||
Income from continuing operations | 11,300 | 15,487 | 16,608 | 19,328 | 62,723 | |||||||||||||||
Income from discontinued operations | 2,460 | 14,092 | 39,460 | 12,362 | 68,374 | |||||||||||||||
Net income | 13,760 | 29,579 | 56,068 | 31,690 | 131,097 | |||||||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | (581 | ) | (1,243 | ) | (1,889 | ) | (978 | ) | (4,691 | ) | ||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (203 | ) | (187 | ) | (203 | ) | (356 | ) | (949 | ) | ||||||||||
Dividends on Preferred Stock | (627 | ) | (627 | ) | (627 | ) | (627 | ) | (2,508 | ) | ||||||||||
Net income available for common stockholders | $ | 12,349 | $ | 27,522 | $ | 53,349 | $ | 29,729 | $ | 122,949 | ||||||||||
Earnings per Common Share – basic: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common stockholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common stockholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
Earnings per Common Share – diluted: | ||||||||||||||||||||
Income from continuing operations available for common stockholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common stockholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common stockholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
20 | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
The following tables set forth quarterly financial information of the Operating Partnership: | ||||||||||||||||||||
Year Ended December 31, 2014 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 148,453 | $ | 152,722 | $ | 152,629 | $ | 154,664 | $ | 608,468 | ||||||||||
Income from continuing operations | 13,192 | 24,512 | 54,299 | 23,585 | 115,588 | |||||||||||||||
Income from discontinued operations | 384 | — | — | — | 384 | |||||||||||||||
Net income | 13,576 | 24,512 | 54,299 | 23,585 | 115,972 | |||||||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (423 | ) | (438 | ) | (291 | ) | (314 | ) | (1,466 | ) | ||||||||||
Distributions on Preferred Units | (627 | ) | (627 | ) | (627 | ) | (626 | ) | (2,507 | ) | ||||||||||
Net income available for common unitholders | $ | 12,526 | $ | 23,447 | $ | 53,381 | $ | 22,645 | $ | 111,999 | ||||||||||
Earnings per Common Unit – basic: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Income from discontinued operations available for common unitholders | 0.01 | — | — | — | — | |||||||||||||||
Net income available for common unitholders | $ | 0.14 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Earnings per Common Unit – diluted: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.13 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
Income from discontinued operations available for common unitholders | 0.01 | — | — | — | — | |||||||||||||||
Net income available for common unitholders | $ | 0.14 | $ | 0.25 | $ | 0.57 | $ | 0.24 | $ | 1.2 | ||||||||||
20 | Quarterly Financial Data (Unaudited) | |||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Rental and other revenues | $ | 130,377 | $ | 132,618 | $ | 144,827 | $ | 148,988 | $ | 556,810 | ||||||||||
Income from continuing operations | 11,247 | 15,490 | 16,607 | 19,328 | 62,672 | |||||||||||||||
Income from discontinued operations | 2,460 | 14,092 | 39,460 | 12,362 | 68,374 | |||||||||||||||
Net income | 13,707 | 29,582 | 56,067 | 31,690 | 131,046 | |||||||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates | (203 | ) | (187 | ) | (203 | ) | (356 | ) | (949 | ) | ||||||||||
Distributions on Preferred Units | (627 | ) | (627 | ) | (627 | ) | (627 | ) | (2,508 | ) | ||||||||||
Net income available for common unitholders | $ | 12,877 | $ | 28,768 | $ | 55,237 | $ | 30,707 | $ | 127,589 | ||||||||||
Earnings per Common Unit – basic: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common unitholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common unitholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
Earnings per Common Unit – diluted: | ||||||||||||||||||||
Income from continuing operations available for common unitholders | $ | 0.12 | $ | 0.17 | $ | 0.17 | $ | 0.2 | $ | 0.67 | ||||||||||
Income from discontinued operations available for common unitholders | 0.03 | 0.16 | 0.44 | 0.13 | 0.77 | |||||||||||||||
Net income available for common unitholders | $ | 0.15 | $ | 0.33 | $ | 0.61 | $ | 0.33 | $ | 1.44 | ||||||||||
Description_of_Business_and_Si2
Description of Business and Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
jointventure | |||
property | |||
customers | |||
sqft | |||
acre | |||
Description of Business [Abstract] | |||
Rentable square feet of commercial real estate (in square feet) | 31,157,000 | ||
Rentable square feet of commercial real estate under development (in square feet) | 1,664,000 | ||
Undeveloped land suitable for future development (in acres) | 500 | ||
Number of common units required to convert to one share of common stock (in shares) | 1 | ||
Number of trading days preceeding Redemption Notice Date (in days) | 10 days | ||
Redemptions of Common Units | $93 | $0 | $0 |
Percentage of equity interest in joint ventures, maximum | 50.00% | ||
Consolidated in-service office properties not wholly owned (in units) | 4 | ||
Number of joint ventures that have consolidated properties | 2 | ||
Real estate assets, depreciation expense | 154,448 | 138,163 | 118,223 |
Maturity of highly liquid investments (in months) | 3 months | ||
Percent of annual REIT taxable income required to pay to the Company's stockholders | 90.00% | ||
Customers with leases on wholly owned properties | 1,767 | ||
Percent of annualized cash rental revenue derived from geographic locations | 10.00% | ||
Limit of consolidated revenue generated by any single customer | 7.00% | ||
Adjustment interval of variable debt interest rates, mimimum (in months) | 1 month | ||
Adjustment interval of variable debt interest rates, maximum (in months) | 3 months | ||
Building [Member] | |||
Description of Business [Abstract] | |||
Property, plant and equipment useful life | 40 years | ||
Building Improvements [Member] | |||
Description of Business [Abstract] | |||
Property, plant and equipment useful life | 15 years | ||
Furniture and Fixtures [Member] | Minimum [Member] | |||
Description of Business [Abstract] | |||
Property, plant and equipment useful life | 5 years | ||
Furniture and Fixtures [Member] | Maximum [Member] | |||
Description of Business [Abstract] | |||
Property, plant and equipment useful life | 7 years | ||
Leaseholds and Leasehold Improvements [Member] | Minimum [Member] | |||
Description of Business [Abstract] | |||
Property, plant and equipment useful life | 3 years | ||
Leaseholds and Leasehold Improvements [Member] | Maximum [Member] | |||
Description of Business [Abstract] | |||
Property, plant and equipment useful life | 10 years | ||
Highwoods Properties, Inc. [Member] | |||
Description of Business [Abstract] | |||
Common Units of partnership owned (in shares) | 92,500,000 | ||
Percentage of ownership of Common Units | 96.90% | 96.80% | |
Common units redeemed for a like number of common shares of stock (in shares) | 4,417 | ||
Common Units redeemed for cash (in shares) | 2,500 | ||
Redemptions of Common Units | 93 | 0 | |
Highwoods Realty Limited Partnership [Member] | |||
Description of Business [Abstract] | |||
Common Units of partnership not owned by the Company (in shares) | 2,900,000 | ||
Redemptions of Common Units | $93 | $0 | $0 |
Real_Estate_Assets_Real_Estate1
Real Estate Assets Real Estate Assets (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Acquisitions [Abstract] | |||
Asset acquisition, contingent consideration liability | $3,300,000 | $0 | $0 |
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | 7,451,000 | 0 |
Acquisition-related costs | 500,000 | 1,800,000 | 1,500,000 |
Dispositions [Abstract] | |||
Gains/(losses) on disposition of discontinued operations | 384,000 | 63,792,000 | 29,455,000 |
Gains/(losses) on disposition of property | 44,352,000 | -3,000 | 0 |
Impairments [Abstract] | |||
Impairments of real estate assets | 588,000 | 0 | 0 |
Orlando, FL Office Property Acquisition (12/2014) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 246,000 | ||
Acquisition purchase price | 67,400,000 | ||
Richmond, VA Office Property Acquisition (12/2014) [Member] | |||
Acquisitions [Abstract] | |||
Percentage of equity interest acquired in affiliate (in hundredths) | 50.00% | ||
Net rentable square feet of acquisition (in sqft) | 66,000 | ||
Acquisition purchase price | 4,200,000 | ||
Nashville, TN Land Acquisition (12/2014) [Member] | |||
Acquisitions [Abstract] | |||
Acquisition purchase price | 15,800,000 | ||
Asset acquisition, contingent consideration liability | 3,300,000 | ||
Raleigh, NC Office Property Acquisition (9/2014) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 374,000 | ||
Acquisition purchase price | 83,800,000 | ||
Atlanta, GA Office Properties Acquisition (9/2013) [Member] | |||
Acquisitions [Abstract] | |||
Percentage of equity interest acquired in affiliate (in hundredths) | 57.00% | ||
Number of office properties acquired | 2 | ||
Net rentable square feet of acquisition (in sqft) | 505,000 | ||
Acquisition purchase price | 44,500,000 | ||
Fair value of debt assumed from the acquisition | 37,600,000 | ||
Effective interest rate of secured debt assumed from the acquisition (in hundredths) | 3.34% | ||
Nashville, TN Office Property Acquisition (9/2013) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 520,000 | ||
Acquisition purchase price | 150,100,000 | ||
Orlando, FL Office Properties Acquisition (9/2013) [Member] | |||
Acquisitions [Abstract] | |||
Percentage of equity interest acquired in affiliate (in hundredths) | 60.00% | ||
Number of office properties acquired | 5 | ||
Net rentable square feet of acquisition (in sqft) | 1,300,000 | ||
Purchase price of acquisition of unconsolidated affiliate | 112,800,000 | ||
Percentage of equity interest in joint venture, previously held (in hundredths) | 40.00% | ||
Fair value of assets recorded from the acquisition | 188,000,000 | ||
Fair value of debt assumed from the acquisition | 127,900,000 | ||
Effective interest rate of secured debt assumed from the acquisition (in hundredths) | 3.11% | ||
Previously held equity interest remeasured at fair value | 75,200,000 | ||
Gain on acquisition of controlling interest in unconsolidated affiliate | 7,500,000 | ||
Atlanta, GA Office Property Acquisition (6/2013) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 553,000 | ||
Acquisition purchase price | 140,100,000 | ||
Greensboro, NC Office Properties Acquisition (3/2013) [Member] | |||
Acquisitions [Abstract] | |||
Number of office properties acquired | 2 | ||
Net rentable square feet of acquisition (in sqft) | 195,000 | ||
Acquisition purchase price | 30,800,000 | ||
Tampa, FL Office Properties Acquisition (3/2013) [Member] | |||
Acquisitions [Abstract] | |||
Number of office properties acquired | 2 | ||
Net rentable square feet of acquisition (in sqft) | 372,000 | ||
Acquisition purchase price | 52,500,000 | ||
Memphis, TN Development Land Acquisition (3/2013) [Member] | |||
Acquisitions [Abstract] | |||
Acquisition purchase price | 4,800,000 | ||
Atlanta, GA Office Property Acquisition (2012) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 492,000 | ||
Acquisition purchase price | 144,900,000 | ||
Pittsburgh PA Office Property Acquisition (2012) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 616,000 | ||
Acquisition purchase price | 91,200,000 | ||
Greensboro, NC Medical Office Properties Acquisition (2012) [Member] | |||
Acquisitions [Abstract] | |||
Number of office properties acquired | 3 | ||
Acquisition purchase price | 29,600,000 | ||
Common Units issued to acquire real estate assets (in shares) | 66,864 | ||
Business combination, contingent consideration at fair value | 700,000 | ||
Fair value of debt assumed from the acquisition | 7,900,000 | ||
Effective interest rate of secured debt assumed from the acquisition (in hundredths) | 4.06% | ||
Nashville TN Development Land Acquisition (2012) [Member] | |||
Acquisitions [Abstract] | |||
Acquisition purchase price | 15,000,000 | ||
Square footage zoned for future development | 1,300,000 | ||
Cary, NC Office Property Acquisition (2012) [Member] | |||
Acquisitions [Abstract] | |||
Net rentable square feet of acquisition (in sqft) | 178,300 | ||
Acquisition purchase price | 26,000,000 | ||
Atlanta, GA Industrial Property/Land Parcel Disposition (10/2014) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 11,400,000 | ||
Gains/(losses) on disposition of property | 1,700,000 | ||
Raleigh, NC Land Disposition (12/2014) [Member] | |||
Dispositions [Abstract] | |||
Number of land parcels sold | 2 | ||
Purchase price of real estate | 1,700,000 | ||
Gains/(losses) on disposition of property | 500,000 | ||
Winston-Salem, NC Office Properties Disposition (12/2014) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 9,900,000 | ||
Closing credits excluded for unfunded building and/or tenant improvements | 1,600,000 | ||
Closing credits excluded for free rent | 700,000 | ||
Gains/(losses) on disposition of property | -100,000 | ||
Raleigh, NC Office Properties Disposition (9/2014) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 5 | ||
Purchase price of real estate | 58,700,000 | ||
Gains/(losses) on disposition of property | 11,700,000 | ||
Richmond, VA Office Properties Disposition (9/2014) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 11 | ||
Purchase price of real estate | 40,700,000 | ||
Gains/(losses) on disposition of property | 17,600,000 | ||
Greensboro, NC Office Properties Disposition (9/2014) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 6 | ||
Number of industrial properties sold | 8 | ||
Purchase price of real estate | 28,200,000 | ||
Closing credits excluded for unfunded building and/or tenant improvements | 1,200,000 | ||
Closing credits excluded for free rent | 400,000 | ||
Gains/(losses) on disposition of property | 4,700,000 | ||
Greenville, SC Office Property Disposition (9/2014) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 27,200,000 | ||
Closing credits excluded for unfunded building and/or tenant improvements | 5,800,000 | ||
Closing credits excluded for free rent | 1,800,000 | ||
Gains/(losses) on disposition of property | 2,200,000 | ||
Atlanta, GA Land Disposition (6/2014) [Member] | |||
Dispositions [Abstract] | |||
Number of land parcels sold | 2 | ||
Purchase price of real estate | 9,500,000 | ||
Gains/(losses) on disposition of property | 5,900,000 | ||
Greenville, SC Office Properties Disposition (12/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 8 | ||
Purchase price of real estate | 57,900,000 | ||
Closing credits for unfunded tenant improvements | 100,000 | ||
Closing credits included for free rent | 300,000 | ||
Gains/(losses) on disposition of discontinued operations | 3,100,000 | ||
Tampa, FL Office Properties Disposition (12/2013) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 11,500,000 | ||
Closing credits for unfunded tenant improvements | 600,000 | ||
Gains/(losses) on disposition of discontinued operations | 2,800,000 | ||
Atlanta, GA Office Property Dispositon (10/2013) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 13,800,000 | ||
Gains/(losses) on disposition of discontinued operations | 3,000,000 | ||
Winston-Salem, NC Office Property Disposition 2 (10/2013) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 5,300,000 | ||
Gains/(losses) on disposition of discontinued operations | 2,500,000 | ||
Winston-Salem, NC Office Properties Disposition (9/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 4 | ||
Purchase price of real estate | 6,200,000 | ||
Gains/(losses) on disposition of discontinued operations | 100,000 | ||
Atlanta, GA Industrial Properties/Land Disposition (9/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of industrial properties sold | 16 | ||
Purchase price of real estate | 91,600,000 | ||
Closing credits for unfunded tenant improvements | 300,000 | ||
Closing credits included for free rent | 300,000 | ||
Gains/(losses) on disposition of discontinued operations | 36,700,000 | ||
Gains/(losses) on disposition of property | 100,000 | ||
Tampa, FL Office Property Disposition (9/2013) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 11,600,000 | ||
Gains/(losses) on disposition of discontinued operations | 1,200,000 | ||
Atlanta, GA Industrial Property Disposition (6/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of industrial properties sold | 5 | ||
Purchase price of real estate | 4,500,000 | ||
Closing credits included for free rent | 100,000 | ||
Gains/(losses) on disposition of discontinued operations | 100,000 | ||
Atlanta, GA Industrial Property/Land Disposition 2 (6/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of industrial properties sold | 6 | ||
Purchase price of real estate | 38,700,000 | ||
Closing credits for unfunded tenant improvements | 1,800,000 | ||
Closing credits included for free rent | 1,300,000 | ||
Gains/(losses) on disposition of discontinued operations | 13,200,000 | ||
Atlanta, GA Industrial Property Disposition 3 (6/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of industrial properties sold | 2 | ||
Purchase price of real estate | 4,800,000 | ||
Gains/(losses) on disposition of discontinued operations | -100,000 | ||
Orlando, FL Office Properties Disposition (3/2013) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 2 | ||
Purchase price of real estate | 14,600,000 | ||
Closing credits for unfunded tenant improvements | 800,000 | ||
Gains/(losses) on disposition of discontinued operations | -300,000 | ||
Atlanta GA and Jackson MS Office Properties Disposition (2012) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 3 | ||
Purchase price of real estate | 86,500,000 | ||
Gains/(losses) on disposition of discontinued operations | 14,000,000 | ||
Gains/(losses) on disposition of property | 1,500,000 | ||
Additional purchase price consideration | 1,500,000 | ||
Nashville, TN Office Properties Disposition (2012) [Member] | |||
Dispositions [Abstract] | |||
Number of office properties sold | 5 | ||
Purchase price of real estate | 41,000,000 | ||
Gains/(losses) on disposition of discontinued operations | 7,000,000 | ||
Pinellas County, FL Office Property Disposition (2012) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 9,500,000 | ||
Gains/(losses) on disposition of discontinued operations | 1,400,000 | ||
Kansas City, MO Office Property Disposition (2012) [Member] | |||
Dispositions [Abstract] | |||
Purchase price of real estate | 6,500,000 | ||
Gains/(losses) on disposition of discontinued operations | 1,900,000 | ||
Kansas City, MO Rental Residential Disposition (2012) [Member] | |||
Dispositions [Abstract] | |||
Residential units (in units) | 96 | ||
Purchase price of real estate | 11,000,000 | ||
Gains/(losses) on disposition of discontinued operations | 5,100,000 | ||
Raleigh NC Residential Condominiums Disposition (2012) [Member] | |||
Dispositions [Abstract] | |||
Residential units (in units) | 17 | ||
Purchase price of real estate | 5,500,000 | ||
Gains/(losses) on disposition of discontinued operations | 400,000 | ||
Greensboro, NC Office Property Impairment (6/2014) [Member] | |||
Impairments [Abstract] | |||
Impairments of real estate assets | 600,000 | ||
Winston-Salem, NC Office Properties (6/2013) [Member] | |||
Impairments [Abstract] | |||
Number of impaired properties | 4 | ||
Impairments of real estate assets | 1,100,000 | ||
Atlanta, GA Industrial Properties (3/2013) [Member] | |||
Impairments [Abstract] | |||
Number of impaired properties | 7 | ||
Impairments of real estate assets | $1,100,000 |
Real_Estate_Assets_Real_Estate2
Real Estate Assets Real Estate Assets Pro Forma (Details) (Pro Forma 2013 Acquisitions [Member], USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Pro Forma 2013 Acquisitions [Member] | |
Business Combination, Purchase Price Allocation [Abstract] | |
Real estate assets | $445,396,000 |
Acquisition-related intangible assets (in deferred financing and leasing costs) | 50,595,000 |
Fair value of debt assumed from the acquisition | -127,891,000 |
Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities) | -17,818,000 |
Total allocation | 350,282,000 |
Business Acquisition, Pro Forma Information [Abstract] | |
Pro forma, assumption date of acquisition | 1-Jan-12 |
Pro forma revenues | 593,778,000 |
Pro forma net income | 121,754,000 |
Pro forma earnings per share - basic | $1.33 |
Pro forma earnings per share - diluted | $1.33 |
Revenues recorded due to acquisitions | 25,000,000 |
Net income/(loss) recorded due to acquisitions | ($200,000) |
Mortgages_and_Notes_Receivable2
Mortgages and Notes Receivable (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2014 | Dec. 31, 2010 | |
transactions | |||||
Mortgages and Notes Receivable, Net [Abstract] | |||||
Mortgages and notes receivable, allowance | ($275,000) | ($302,000) | ($182,000) | ||
Mortgages and notes receivable, net | 13,116,000 | 26,409,000 | |||
Repayment of seller financing | 17,239,000 | 405,000 | 1,776,000 | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning notes receivable allowance | 302,000 | 182,000 | 302,000 | ||
Recoveries/write-offs/other | -27,000 | 120,000 | |||
Total notes receivable allowance | 275,000 | 302,000 | 182,000 | ||
Seller Financing [Member] | |||||
Mortgages and Notes Receivable, Net [Abstract] | |||||
Mortgages and notes receivable, gross | 0 | 16,454,000 | |||
Mortgages and notes receivable, allowance | 0 | ||||
Mortgages and notes receivable, net | 0 | 16,454,000 | |||
Number of transactions with seller financing | 2 | ||||
Repayment of seller financing | 16,500,000 | ||||
Deferred gain on sale of real estate | 400,000 | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning notes receivable allowance | 0 | 0 | |||
Total notes receivable allowance | 0 | ||||
Mortgage Receivable [Member] | |||||
Mortgages and Notes Receivable, Net [Abstract] | |||||
Mortgages and notes receivable, gross | 10,869,000 | 9,435,000 | 8,648,000 | ||
Mortgages and notes receivable, allowance | 0 | ||||
Mortgages and notes receivable, net | 10,869,000 | 9,435,000 | |||
Additional loan commitment to third party | 8,400,000 | ||||
Cumulative funds for future infrastructure disbursed to third party | 1,100,000 | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning notes receivable allowance | 0 | 0 | |||
Total notes receivable allowance | 0 | ||||
Promissory Notes [Member] | |||||
Mortgages and Notes Receivable, Net [Abstract] | |||||
Mortgages and notes receivable, gross | 2,522,000 | 822,000 | |||
Mortgages and notes receivable, allowance | -275,000 | -302,000 | |||
Mortgages and notes receivable, net | 2,247,000 | 520,000 | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Total notes receivable allowance | $275,000 | $302,000 |
Investments_In_and_Advances_To2
Investments In and Advances To Affiliates (Details) (USD $) | 12 Months Ended | ||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
acre | |||||||
properties | |||||||
Assets [Abstract] | |||||||
Real estate assets, net | $209,097,000 | $228,497,000 | |||||
All other assets, net | 56,330,000 | 66,196,000 | |||||
Total Assets | 265,427,000 | [1] | 294,693,000 | [1] | |||
Liabilities and Partners' or Shareholders' Equity [Abstract] | |||||||
Mortgages and notes payable | 170,787,000 | 189,432,000 | |||||
All other liabilities | 11,240,000 | 11,338,000 | |||||
Partners' or shareholders' equity | 83,400,000 | 93,923,000 | |||||
Total Liabilities and Partners' or Shareholders' Equity | 265,427,000 | [1] | 294,693,000 | [1] | |||
Our share of historical partners' or shareholders' equity | 28,088,000 | 29,099,000 | |||||
Advances to unconsolidated affiliate | 64,000 | 0 | |||||
Difference between cost of investments and the net book value of underlying net assets | -1,081,000 | 802,000 | |||||
Carrying value of investments in and advances to unconsolidated affiliates | 27,071,000 | 29,901,000 | |||||
Our share of unconsolidated non-recourse mortgage debt | 56,812,000 | 64,424,000 | |||||
Scheduled future principal payments [Abstract] | |||||||
2015 | 4,758,000 | ||||||
2016 | 1,117,000 | ||||||
2017 | 27,122,000 | ||||||
2018 | 19,377,000 | ||||||
2019 | 563,000 | ||||||
Thereafter | 3,875,000 | ||||||
Total scheduled future principal payments | 56,812,000 | 64,424,000 | |||||
Income Statement [Abstract] | |||||||
Rental and other revenues | 50,514,000 | 82,168,000 | 101,233,000 | ||||
Expenses: | |||||||
Rental property and other expenses | 25,159,000 | 41,284,000 | 47,762,000 | ||||
Depreciation and amortization | 13,310,000 | 20,928,000 | 25,253,000 | ||||
Impairments of real estate assets | 0 | 20,077,000 | 7,180,000 | ||||
Interest expense | 8,847,000 | 14,994,000 | 20,953,000 | ||||
Total expenses | 47,316,000 | 97,283,000 | 101,148,000 | ||||
Income/(loss) before disposition of property | 3,198,000 | -15,115,000 | 85,000 | ||||
Gains on disposition of property | 2,998,000 | 20,501,000 | 11,184,000 | ||||
Net income | 6,196,000 | [1] | 5,386,000 | [1] | 11,269,000 | [1] | |
Percentage of equity interest in joint ventures, maximum | 50.00% | ||||||
Taxes incurred by taxable REIT subsidiary related to disposition | 1,700,000 | ||||||
Net gain on disposition of property | 2,998,000 | 20,501,000 | 11,184,000 | ||||
Impairments of real estate assets | 0 | 20,077,000 | 7,180,000 | ||||
Advance to unconsolidated affiliate loan amount | -64,000 | 0 | |||||
Development, management and leasing fees revenue | 1,200,000 | 2,900,000 | 2,400,000 | ||||
Receivables from management and leasing fees | 500,000 | 500,000 | |||||
Concourse Center Associates, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 50.00% | ||||||
Plaza Colonnade, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 50.00% | ||||||
Lofts at Weston, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Gains on disposition of property | 12,200,000 | 300,000 | |||||
Percentage of equity interest in joint ventures, maximum | 50.00% | ||||||
Contribution of land (in acres) | 15 | ||||||
Contribution of property to unconsolidated affiliate | 2,400,000 | ||||||
Payments to acquire interest in joint venture by partner | 1,200,000 | ||||||
Distribution by joint venture for land contribution | 9,400,000 | 1,200,000 | |||||
Residential units (in units) | 215 | ||||||
Total cost to construct residential units | 25,900,000 | ||||||
Taxes incurred by taxable REIT subsidiary related to disposition | 1,700,000 | ||||||
Purchase price of real estate | 38,300,000 | ||||||
Net gain on disposition of property | 12,200,000 | 300,000 | |||||
Our proportionate share of gain on disposition of property | 3,200,000 | ||||||
Board of Trade Investment Company Joint Venture [Member] | |||||||
Expenses: | |||||||
Gains on disposition of property | 1,900,000 | ||||||
Percentage of equity interest in joint ventures, maximum | 49.00% | ||||||
Purchase price of real estate | 8,300,000 | ||||||
Net gain on disposition of property | 1,900,000 | ||||||
Our proportionate share of impairment of assets in discontinued operations | 400,000 | ||||||
Expected aggregate distributions | 4,700,000 | ||||||
Highwoods DLF 97/26 DLF 99/32, LP Joint Venture [Member] | |||||||
Expenses: | |||||||
Gains on disposition of property | 100,000 | ||||||
Percentage of equity interest in joint ventures, maximum | 42.90% | ||||||
Joint venture principal amount of debt | 50,000,000 | ||||||
Term of debt instrument (in years) | 3 years | ||||||
Current fixed interest rate (in hundredths) | 3.50% | ||||||
Amount of loan related to fixed interest rate | 39,100,000 | ||||||
Floating interest rate, interest rate basis | LIBOR plus 250 basis points | ||||||
Current floating interest rate (in hundredths) | 2.50% | ||||||
Amount of loan related to floating interest rate | 10,900,000 | ||||||
Number of office properties sold | 2 | ||||||
Purchase price of real estate | 10,100,000 | ||||||
Closing credits included for free rent | 300,000 | ||||||
Net gain on disposition of property | 100,000 | ||||||
Our proportionate share of gain on disposition of property | 400,000 | ||||||
Highwoods KC Glenridge Office, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 40.00% | ||||||
Joint venture principal amount of debt | 14,900,000 | ||||||
Current fixed interest rate (in hundredths) | 4.84% | ||||||
Highwoods KC Glenridge Land, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 39.90% | ||||||
HIW-KC Orlando, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest acquired in unconsolidated affiliate (in hundredths) | 60.00% | ||||||
Kessinger Hunter, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 26.50% | ||||||
Amount of related party transaction | 600,000 | 200,000 | 1,100,000 | ||||
Highwoods DLF Forum, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 25.00% | ||||||
Joint venture principal amount of debt | 71,700,000 | ||||||
Term of debt instrument (in years) | 5 years | ||||||
Floating interest rate, interest rate basis | LIBOR plus 190 basis points | ||||||
Current floating interest rate (in hundredths) | 1.90% | ||||||
Advance to unconsolidated affiliate, scheduled loan maturity date | 1-Nov-18 | ||||||
Highwoods DLF 98/29, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Impairments of real estate assets | 20,100,000 | ||||||
Gains on disposition of property | 1,000,000 | 100,000 | 4,900,000 | ||||
Percentage of equity interest in joint ventures, maximum | 22.80% | ||||||
Number of office properties sold | 2 | ||||||
Purchase price of real estate | 13,700,000 | 5,900,000 | 15,500,000 | ||||
Closing credits included for free rent | 400,000 | 100,000 | |||||
Net gain on disposition of property | 1,000,000 | 100,000 | 4,900,000 | ||||
Our proportionate share of impairment of assets in discontinued operations | 4,500,000 | 1,000,000 | |||||
Our proportionate share of gain on disposition of property | 200,000 | 100,000 | 1,100,000 | ||||
Number of office properties impaired | 2 | ||||||
Impairments of real estate assets | 20,100,000 | ||||||
4600 Madison Associates, LLC Joint Venture [Member] | |||||||
Expenses: | |||||||
Percentage of equity interest in joint ventures, maximum | 12.50% | ||||||
Highwoods-Markel Associates, LLC Joint Venture [Member] | |||||||
Consolidated Affiliates: | |||||||
Percentage of equity interest in consolidated affiliates | 50.00% | ||||||
Fair value of noncontrolling interests in consolidated affiliate | 26,800,000 | ||||||
SF-Harborview Plaza, LP Joint Venture [Member] | |||||||
Consolidated Affiliates: | |||||||
Percentage of equity interest in consolidated affiliates | 20.00% | ||||||
Advance to consolidated affiliate | $20,800,000 | ||||||
Term of debt instrument (in years) | 3 years | ||||||
Advance to consolidated affiliate, scheduled maturity date | 30-Sep-15 | ||||||
Interest rate basis | LIBOR plus 500 basis points | ||||||
Interest rate, basis spread | 5.00% | ||||||
Interest rate floor | 0.50% | ||||||
[1] | Our share of scheduled future principal payments, including amortization, due on mortgages and notes payable at December 31, 2014 is as follows:2015$4,75820161,117201727,122201819,3772019563Thereafter3,875 $56,812 All of this joint venture debt is non-recourse to us except in the case of customary exceptions pertaining to such matters as misuse of funds, environmental conditions, material misrepresentations and voluntary or uncontested involuntary bankruptcy events. |
Intangible_Assets_and_Below_Ma2
Intangible Assets and Below Market Lease Liabilities (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, accumulated amortization | ($112,804) | ($92,220) | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 228,768 | 222,211 | |
Acquired intangible assets (amortized in rental and other revenue) | 1,375 | ||
Acquired intangible assets (amortized in depreciation and amortization) | 12,901 | ||
Assumed below market lease liabilities (amortized in rental and other revenue) | -1,521 | ||
Deferred Financing Costs [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, gross | 19,478 | 17,363 | |
Deferred financing and leasing costs, accumulated amortization | -7,953 | -5,204 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 11,525 | 12,159 | |
Amortization of intangible assets and below market lease liabilities | |||
Amortization of intangible assets | 3,082 | 3,802 | 3,685 |
Deferred Leasing Costs [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, gross | 322,094 | 297,068 | |
Deferred financing and leasing costs, accumulated amortization | -104,851 | -87,016 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 217,243 | 210,052 | |
Deferred Leasing Costs and Acquisition-Related Intangible Assets [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 191,942 | ||
Amortization of intangible assets and below market lease liabilities | |||
Amortization of intangible assets | 39,402 | 37,094 | 26,509 |
Lease Incentives [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 6,951 | ||
Amortization of intangible assets and below market lease liabilities | |||
Amortization of intangible assets | 1,465 | 1,409 | 1,389 |
Acquisition-Related Intangible Assets (in Rental and Other Revenue) [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 15,056 | ||
Amortization of intangible assets and below market lease liabilities | |||
Amortization of intangible assets | 4,549 | 3,676 | 1,357 |
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 3,294 | ||
Amortization of intangible assets and below market lease liabilities | |||
Amortization of intangible assets | 557 | 556 | 186 |
Acquisition-Related Below Market Lease Liabilities [Member] | |||
Intangible assets and below market lease liabilities, net [Abstract] | |||
Acquisition-related below market lease liabilities, gross | 55,783 | 55,323 | |
Acquisition-related below market lease liabilities, accumulated amortization | -13,548 | -8,478 | |
Acquisition-related below market lease liabilities, net | 42,235 | 46,845 | |
Amortization of intangible assets and below market lease liabilities | |||
Amortization of acquisition-related below market lease liabilities | ($6,129) | ($5,316) | ($2,627) |
Intangible_Assets_and_Below_Ma3
Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Scheduled future amortization of intangible assets [Abstract] | ||
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | $228,768 | $222,211 |
Deferred Financing Costs [Member] | ||
Scheduled future amortization of intangible assets [Abstract] | ||
2015 | 3,064 | |
2016 | 2,794 | |
2017 | 2,517 | |
2018 | 1,387 | |
2019 | 660 | |
Thereafter | 1,103 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 11,525 | 12,159 |
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Intangible assets, weighted average useful life (in years) | 4 years 4 months 25 days | |
Deferred Leasing Costs and Acquisition-Related Intangible Assets [Member] | ||
Scheduled future amortization of intangible assets [Abstract] | ||
2015 | 40,621 | |
2016 | 34,317 | |
2017 | 30,109 | |
2018 | 25,650 | |
2019 | 21,285 | |
Thereafter | 39,960 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 191,942 | |
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Intangible assets, weighted average useful life (in years) | 6 years 6 months | |
Lease Incentives [Member] | ||
Scheduled future amortization of intangible assets [Abstract] | ||
2015 | 1,214 | |
2016 | 1,051 | |
2017 | 978 | |
2018 | 874 | |
2019 | 686 | |
Thereafter | 2,148 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 6,951 | |
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Intangible assets, weighted average useful life (in years) | 8 years | |
Acquisition-Related Intangible Assets (in Rental and Other Revenue) [Member] | ||
Scheduled future amortization of intangible assets [Abstract] | ||
2015 | 4,375 | |
2016 | 3,057 | |
2017 | 2,255 | |
2018 | 1,463 | |
2019 | 1,047 | |
Thereafter | 2,859 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 15,056 | |
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Intangible assets, weighted average useful life (in years) | 6 years 2 months 12 days | |
Acquired intangible assets, weighted average useful life (in years) | 3 years 4 months 25 days | |
Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) [Member] | ||
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Acquired intangible assets, weighted average useful life (in years) | 5 years 4 months 25 days | |
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member] | ||
Scheduled future amortization of intangible assets [Abstract] | ||
2015 | 553 | |
2016 | 553 | |
2017 | 553 | |
2018 | 553 | |
2019 | 553 | |
Thereafter | 529 | |
Deferred financing and leasing costs, net/Total scheduled future amortization of intangible assets | 3,294 | |
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Intangible assets, weighted average useful life (in years) | 6 years | |
Acquisition-Related Below Market Lease Liabilities [Member] | ||
Scheduled future amortization of below market lease liabilites [Abstract] | ||
2015 | -5,990 | |
2016 | -5,673 | |
2017 | -5,410 | |
2018 | -5,247 | |
2019 | -4,915 | |
Thereafter | -15,000 | |
Total scheduled future amortization of below market lease liabilities | ($42,235) | ($46,845) |
Weighted average remaining amortization periods for intangible assets and liabilities [Abstract] | ||
Below market lease liabilities, weighted average useful life (in years) | 8 years 2 months 12 days | |
Assumed finite-lived below market lease liabilities, weighted average useful life (in years) | 5 years 6 months |
Mortgages_and_Notes_Payable_De
Mortgages and Notes Payable (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 30, 2015 | |||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | $2,071,389,000 | $1,956,299,000 | ||||
Scheduled future principal payments [Abstract] | ||||||
2015 | 44,145,000 | |||||
2016 | 157,786,000 | |||||
2017 | 488,279,000 | |||||
2018 | 408,305,000 | |||||
2019 | 424,305,000 | |||||
Thereafter | 548,569,000 | |||||
Total scheduled future principal payments | 2,071,389,000 | 1,956,299,000 | ||||
Gross book value of unencumbered real estate assets | 250,700,000 | |||||
Annual repayments through principal amortization | 7,900,000 | |||||
Gains/(losses) on debt extinguishment | -308,000 | -199,000 | -973,000 | |||
Lender covenant compliance to accelerate outstanding borrowings | 51.00% | |||||
Holders covenant compliance of bonds | 25.00% | |||||
Uncured covenant compliance default period | 60 days | |||||
Capitalized Interest [Abstract] | ||||||
Capitalized Interest | 5,300,000 | 2,700,000 | 1,000,000 | |||
5.21% (3.11% effective rate) Mortgage Loan due 2014 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 123,700,000 | |||||
Scheduled maturity date | 1-Jul-14 | |||||
Interest rate, basis spread | 3.11% | |||||
3.50% (3.34% effective rate) Mortgage Loan due 2015 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 36,900,000 | |||||
Scheduled maturity date | 1-Apr-15 | |||||
Interest rate, basis spread | 3.34% | |||||
Gains/(losses) on debt extinguishment | -300,000 | |||||
5.85% (5.88% effective rate) Notes due 2017 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Scheduled maturity date | 15-Mar-17 | |||||
Interest rate, basis spread | 5.85% | |||||
Purchase price of debt (in hundredths) | 107.50% | |||||
Principal amount of repurchased debt | 12,100,000 | |||||
Gains/(losses) on debt extinguishment | -1,000,000 | |||||
3.20% (3.363% effective rate) Notes due 2021 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 300,000,000 | |||||
Scheduled maturity date | 15-Jun-21 | |||||
Interest rate, basis spread | 3.20% | |||||
Current interest rate (in hundredths) | 3.36% | |||||
Purchase price of debt (in hundredths) | 98.98% | |||||
Original issuance discount | 3,100,000 | |||||
Deferred financing fees | 2,400,000 | |||||
3.625% (3.752% effective rate) Notes due 2023 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 250,000,000 | |||||
Scheduled maturity date | 15-Jan-23 | |||||
Interest rate, basis spread | 3.63% | |||||
Current interest rate (in hundredths) | 3.75% | |||||
Purchase price of debt (in hundredths) | 98.94% | |||||
Original issuance discount | 2,700,000 | |||||
Deferred financing fees | 2,100,000 | |||||
Variable Rate Term Loan (1) due 2019 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 200,000,000 | |||||
Scheduled maturity date | 1-Jan-19 | |||||
Interest rate basis | LIBOR plus 120 basis points | |||||
Interest rate, basis spread | 1.20% | |||||
Deferred financing fees | 400,000 | |||||
Variable Rate Term Loan (2) due 2019 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 225,000,000 | |||||
Term of debt instrument (in years) | 7 years | |||||
Interest rate basis | LIBOR plus 190 basis points | |||||
Interest rate, basis spread | 1.90% | |||||
Revolving Credit Facility due 2018 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Maximum borrowing capacity on revolving credit facility | 475,000,000 | |||||
Maturity date on revolving credit facility | 1-Jan-18 | |||||
Additional borrowing capacity on revolving credit facility | 75,000,000 | |||||
Number of additional maturity extensions | 2 | |||||
Term of optional extensions | 6 months | |||||
Interest rate | LIBOR plus 110 basis points | |||||
Annual facility fee (in hundredths) | 0.20% | |||||
Amount outstanding on revolving credit facility | 209,000,000 | |||||
Outstanding letters of credit on revolving credit facility | 100,000 | |||||
Unused borrowing capacity on revolving credit facility | 265,900,000 | |||||
Interest rate, basis spread | 1.10% | |||||
5.94% (3.32% effective rate) Mortgage Loan due 2014 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 7,200,000 | |||||
Scheduled maturity date | 1-Aug-14 | |||||
Interest rate, basis spread | 3.32% | |||||
Gains/(losses) on debt extinguishment | 100,000 | |||||
5.45% (5.12% effective rate) Mortgage Loan due 2014 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 67,500,000 | |||||
Scheduled maturity date | 1-Jan-14 | |||||
Interest rate, basis spread | 5.12% | |||||
5.68% and 6.48% Mortgage Loans Due 2013 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 114,700,000 | |||||
Number of debt instruments repaid | 2 | |||||
Scheduled maturity date | 1-Dec-13 | |||||
Interest rate, basis spread | 5.75% | |||||
Gains/(losses) on debt extinguishment | -100,000 | |||||
Consolidated Affiliate 5.74% to 5.89% Mortgage Loans Due 2014 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 32,300,000 | |||||
Number of debt instruments repaid | 4 | |||||
Scheduled maturity date | 1-Jan-14 | |||||
Interest rate, basis spread | 5.79% | |||||
Variable Rate Term Loan due 2016 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 35,000,000 | |||||
Principal amount of debt | 200,000,000 | |||||
Scheduled maturity date | 1-Feb-16 | |||||
Interest rate basis | LIBOR plus 220 basis points | |||||
Interest rate, basis spread | 2.20% | |||||
Gains/(losses) on debt extinguishment | -200,000 | |||||
Variable Rate Construction Loan due 2012 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Repayment of loans at maturity | 52,100,000 | |||||
Interest rate, basis spread | 1.07% | |||||
6.03% Mortgage Loan due 2013 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Early repayment of debt | 123,000,000 | |||||
Scheduled maturity date | 1-Mar-13 | |||||
Interest rate, basis spread | 6.03% | |||||
Consolidated Affiliate 6.06% Mortgage Loan due 2012 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 20,800,000 | |||||
Scheduled maturity date | 1-Oct-12 | |||||
Interest rate, basis spread | 6.06% | |||||
Variable Rate Term Loan due 2018 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Principal amount of debt | 200,000,000 | |||||
Term of debt instrument (in years) | 5 years | |||||
Scheduled maturity date | 1-Jan-18 | |||||
Interest rate basis | LIBOR plus 165 basis points | |||||
Interest rate, basis spread | 1.65% | |||||
Deferred financing fees | 900,000 | |||||
Secured indebtedness [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 312,868,000 | [1] | 488,664,000 | [1] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 312,868,000 | [1] | 488,664,000 | [1] | ||
Aggregate undepreciated book value of secured real estate assets | 580,600,000 | |||||
Secured indebtedness [Member] | 5.21% (3.11% effective rate) Mortgage Loan due 2014 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 0 | [2] | 125,247,000 | [2] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 0 | [2] | 125,247,000 | [2] | ||
Unamortized premium | 700,000 | |||||
Secured indebtedness [Member] | 5.17% (6.43% effective rate) Mortage Loan due 2015 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 39,324,000 | [3] | 39,609,000 | [3] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 39,324,000 | [3] | 39,609,000 | [3] | ||
Unamortized discount | 400,000 | 800,000 | ||||
Secured indebtedness [Member] | 3.50% (3.34% effective rate) Mortgage Loan due 2015 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 0 | [4] | 37,340,000 | [4] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 0 | [4] | 37,340,000 | [4] | ||
Unamortized premium | 100,000 | |||||
Secured indebtedness [Member] | 6.88% Mortgage Loan due 2016 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 107,556,000 | 109,167,000 | ||||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 107,556,000 | 109,167,000 | ||||
Secured indebtedness [Member] | 7.50% Mortgage Loan due 2016 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 44,501,000 | 45,103,000 | ||||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 44,501,000 | 45,103,000 | ||||
Secured indebtedness [Member] | 5.10%(4.22% effective rate) Mortgage Loan due 2017 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 115,229,000 | [5] | 118,126,000 | [5] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 115,229,000 | [5] | 118,126,000 | [5] | ||
Unamortized premium | 2,700,000 | 3,600,000 | ||||
Secured indebtedness [Member] | 5.74% to 8.15% Mortgage Loans due between 2014 and 2016 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 6,258,000 | [6] | 14,072,000 | [6] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 6,258,000 | [6] | 14,072,000 | [6] | ||
Unamortized premium | 100,000 | 300,000 | ||||
Unsecured indebtedness [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 1,758,521,000 | 1,467,635,000 | ||||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 1,758,521,000 | 1,467,635,000 | ||||
Unsecured indebtedness [Member] | 5.85% (5.88% effective rate) Notes due 2017 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 379,427,000 | [7] | 379,311,000 | [7] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 379,427,000 | [7] | 379,311,000 | [7] | ||
Unamortized discount | 300,000 | 400,000 | ||||
Unsecured indebtedness [Member] | 7.50% Notes due 2018 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 200,000,000 | 200,000,000 | ||||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 200,000,000 | 200,000,000 | ||||
Unsecured indebtedness [Member] | 3.20% (3.363% effective rate) Notes due 2021 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 297,207,000 | [8] | 0 | [8] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 297,207,000 | [8] | 0 | [8] | ||
Unamortized discount | 2,800,000 | |||||
Unsecured indebtedness [Member] | 3.625% (3.752% effective rate) Notes due 2023 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 247,887,000 | [9] | 247,624,000 | [9] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 247,887,000 | [9] | 247,624,000 | [9] | ||
Unamortized discount | 2,100,000 | 2,400,000 | ||||
Unsecured indebtedness [Member] | Variable Rate Term Loan (1) due 2019 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 200,000,000 | [10] | 200,000,000 | [10] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 200,000,000 | [10] | 200,000,000 | [10] | ||
Current interest rate (in hundredths) | 1.36% | |||||
Unsecured indebtedness [Member] | Variable Rate Term Loan (2) due 2019 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 225,000,000 | [11] | 225,000,000 | [11] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 225,000,000 | [11] | 225,000,000 | [11] | ||
Current interest rate (in hundredths) | 3.43% | |||||
Unsecured indebtedness [Member] | Revolving Credit Facility due 2018 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Mortgages and notes payable | 209,000,000 | [12] | 215,700,000 | [12] | ||
Scheduled future principal payments [Abstract] | ||||||
Total scheduled future principal payments | 209,000,000 | [12] | 215,700,000 | [12] | ||
Current interest rate (in hundredths) | 1.26% | |||||
Subsequent Event [Member] | Revolving Credit Facility due 2018 [Member] | ||||||
Scheduled future principal payments [Abstract] | ||||||
Amount outstanding on revolving credit facility | 212,000,000 | |||||
Outstanding letters of credit on revolving credit facility | 200,000 | |||||
Unused borrowing capacity on revolving credit facility | $262,800,000 | |||||
[1] | Our secured mortgage loans were collateralized by real estate assets with an aggregate undepreciated book value of $580.6 million at December 31, 2014. 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] | Net of unamortized fair market value premium of $0.7 million as of December 31, 2013. This debt was repaid in 2014. | |||||
[3] | Net of unamortized fair market value discount of $0.4 million and $0.8 million as of December 31, 2014 and 2013, respectively. | |||||
[4] | Net of unamortized fair market value premium of $0.1 million as of December 31, 2013. This debt was repaid in 2014. | |||||
[5] | Net of unamortized fair market premium of $2.7 million and $3.6 million as of December 31, 2014 and 2013, respectively. | |||||
[6] | Net of unamortized fair market value premium of $0.1 million and $0.3 million as of December 31, 2014 and 2013, respectively. | |||||
[7] | Net of unamortized original issuance discount of $0.3 million and $0.4 million as of December 31, 2014 and 2013, respectively. | |||||
[8] | Net of unamortized original issuance discount of $2.8 million as of December 31, 2014. | |||||
[9] | Net of unamortized original issuance discount of $2.1 million and $2.4 million as of December 31, 2014 and 2013, respectively. | |||||
[10] | The interest rate is 1.36% at December 31, 2014. | |||||
[11] | 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 3.43%. | |||||
[12] | The interest rate is 1.26% at December 31, 2014. |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
swaps | |||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
Number of derivative instruments obtained | 6 | ||
Derivative maturity date | 1-Jan-19 | ||
Amount of borrowings outstanding | $225,000,000 | ||
Interest rate under derivative instruments | 1.68% | ||
Cross-default minimum threshold | 10,000,000 | ||
Expected increase to interest expense | 3,100,000 | ||
Derivatives designated as cash flow hedges in prepaid expenses and other assets [Abstract] | |||
Interest rate swaps | 0 | 301,000 | |
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities [Abstract] | |||
Interest rate swaps | 2,412,000 | 510,000 | |
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion) [Abstract] | |||
Interest rate swaps | -5,662,000 | 5,778,000 | -10,358,000 |
Amount of losses reclassified out of AOCL into contractual interest expense (effective portion) [Abstract] | |||
Interest rate swaps | $3,777,000 | $3,370,000 | $3,053,000 |
Financing_Arrangements_Details
Financing Arrangements (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
sqft | ||
Financing Obligations [Line Items] | ||
Financing obligations | $23,519,000 | $26,664,000 |
Rentable square feet of commercial real estate (in square feet) | 31,157,000 | |
Percentage of equity interest in joint venture | 50.00% | |
Harborview Financing Obligation [Member] | ||
Financing Obligations [Line Items] | ||
Financing obligations | 14,557,000 | 16,242,000 |
Rentable square feet of commercial real estate (in square feet) | 205,000 | |
Percentage of equity interest in joint venture | 20.00% | |
Equity interest in consolidated affiliate | 80.00% | |
Commencement date of put option term | 11-Sep-15 | |
Transaction cost percentage to sell financing obligation | 3.00% | |
Initial financing obligation | 12,700,000 | |
Additional financing obligation | 1,800,000 | |
Gross financing obligation increased for net income (in hundredths) | 80.00% | |
Put option fair value | 11,500,000 | 12,800,000 |
Tax Increment Financing Obligation Bond [Member] | ||
Financing Obligations [Line Items] | ||
Financing obligations | $8,962,000 | $10,422,000 |
Term of period for financing obligation payments | 20 years | |
Expiration date for financing obligation | 31-Oct-19 | |
Discount rate of financing obligation | 6.93% | |
Acquisition date of financing obligation | 1-Dec-07 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Operating ground leases [Abstract] | |||
Rental property expense | $3,400,000 | $2,800,000 | $1,500,000 |
Operating ground leases, scheduled future minimum payments [Abstract] | |||
Operating leases, future minimum payments due, 2015 | 3,035,000 | ||
Operating leases, future minimum payments, 2016 | 3,068,000 | ||
Operating leases, future minimum payments, 2017 | 3,102,000 | ||
Operating leases, future minimum payments, 2018 | 3,138,000 | ||
Operating leases, future minimum payments, 2019 | 3,175,000 | ||
Operating leases, future minimum payments, thereafter | 112,593,000 | ||
Operating leases, total future minimum payments due | 128,111,000 | ||
Lease and Contractual Commitments [Abstract] | |||
Lease and contractual commitments | 219,100,000 | ||
Accrued amount of lease and contractual commitments | 56,800,000 | ||
Contingent Consideration [Abstract] | |||
Asset acquisition, contingent consideration liability | 3,300,000 | 0 | 0 |
Asset Acquisition Contingent Consideration [Member] | |||
Contingent Consideration [Abstract] | |||
Acquisition purchase price | 15,800,000 | ||
Asset acquisition, contingent consideration liability | $3,300,000 | ||
Contingent consideration expiration date | 31-Mar-20 |
Noncontrolling_Interests_Detai
Noncontrolling Interests (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Noncontrolling Interests in Consolidated Affiliates | |||||||||||
Consolidated joint venture, partner's interest (in hundredths) | 50.00% | 50.00% | |||||||||
Noncontrolling Interests in the Operating Partnership [Roll Forward] | |||||||||||
Noncontrolling interests in the Operating Partnership, beginning balance | $106,480 | $106,480 | |||||||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 25,275 | 11,375 | 16,491 | ||||||||
Conversion of Common Units to Common Stock | -162 | -28,788 | -2,096 | ||||||||
Redemptions of Common Units | -93 | 0 | 0 | ||||||||
Net income attributable to noncontrolling interests in the Operating Partnership | 729 | 1,673 | 742 | 398 | 978 | 1,889 | 1,243 | 581 | 3,542 | 4,691 | 3,854 |
Distributions to noncontrolling interests in the Operating Partnership | -4,994 | -5,667 | -6,334 | ||||||||
Noncontrolling interests in the Operating Partnership, ending balance | 130,048 | 106,480 | 130,048 | 106,480 | |||||||
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership | |||||||||||
Net income available for common stockholders | 21,916 | 51,708 | 22,705 | 12,128 | 29,729 | 53,349 | 27,522 | 12,349 | 108,457 | 122,949 | 77,087 |
Highwoods Properties, Inc. [Member] | |||||||||||
Noncontrolling Interests in the Operating Partnership [Roll Forward] | |||||||||||
Noncontrolling interests in the Operating Partnership, beginning balance | 106,480 | 124,869 | 106,480 | 124,869 | |||||||
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 25,275 | 11,375 | |||||||||
Conversion of Common Units to Common Stock | -162 | -28,788 | |||||||||
Redemptions of Common Units | -93 | 0 | |||||||||
Net income attributable to noncontrolling interests in the Operating Partnership | 3,542 | 4,691 | |||||||||
Distributions to noncontrolling interests in the Operating Partnership | -4,994 | -5,667 | |||||||||
Noncontrolling interests in the Operating Partnership, ending balance | 130,048 | 106,480 | 130,048 | 106,480 | 124,869 | ||||||
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership | |||||||||||
Net income available for common stockholders | 108,457 | 122,949 | 77,087 | ||||||||
Increase in additional paid in capital from conversion of Common Units to Common Stock | 162 | 28,788 | 2,096 | ||||||||
Issuances of Common Units | 0 | 0 | -2,299 | ||||||||
Change from net income available for common stockholders and transfers from noncontrolling interests | $108,619 | $151,737 | $76,884 |
Disclosure_About_Fair_Value_of2
Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Assets: | ||||||
Mortgages and notes receivable, at fair value | $13,142,000 | [1] | $26,485,000 | [1] | ||
Interest rate swaps (in prepaid expenses and other assets) | 301,000 | |||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 3,635,000 | 3,996,000 | 3,354,000 | |||
Tax increment financing bond (in prepaid expenses and other assets) | 12,447,000 | 13,403,000 | ||||
Total Assets | 29,224,000 | 44,185,000 | ||||
Liabilities: | ||||||
Mortgages and notes payable, at fair value | 2,141,334,000 | [1] | 2,037,385,000 | [1] | ||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 2,412,000 | 510,000 | ||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 3,635,000 | 3,996,000 | 3,354,000 | 3,149,000 | ||
Financing obligations, at fair value | 20,117,000 | [1] | 22,478,000 | [1] | ||
Total Liabilities | 2,167,498,000 | 2,064,369,000 | ||||
Level 1 [Member] | ||||||
Assets: | ||||||
Mortgages and notes receivable, at fair value | 0 | [1] | 0 | [1] | ||
Interest rate swaps (in prepaid expenses and other assets) | 0 | |||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 3,635,000 | 3,996,000 | ||||
Tax increment financing bond (in prepaid expenses and other assets) | 0 | 0 | ||||
Total Assets | 3,635,000 | 3,996,000 | ||||
Liabilities: | ||||||
Mortgages and notes payable, at fair value | 0 | [1] | 0 | [1] | ||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 0 | 0 | ||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 3,635,000 | 3,996,000 | ||||
Financing obligations, at fair value | 0 | [1] | 0 | [1] | ||
Total Liabilities | 3,635,000 | 3,996,000 | ||||
Level 2 [Member] | ||||||
Assets: | ||||||
Mortgages and notes receivable, at fair value | 2,247,000 | [1] | 17,029,000 | [1] | ||
Interest rate swaps (in prepaid expenses and other assets) | 301,000 | |||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 0 | 0 | ||||
Tax increment financing bond (in prepaid expenses and other assets) | 0 | 0 | ||||
Total Assets | 2,247,000 | 17,330,000 | ||||
Liabilities: | ||||||
Mortgages and notes payable, at fair value | 2,141,334,000 | [1] | 2,037,385,000 | [1] | ||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 2,412,000 | 510,000 | ||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 0 | 0 | ||||
Financing obligations, at fair value | 0 | [1] | 0 | [1] | ||
Total Liabilities | 2,143,746,000 | 2,037,895,000 | ||||
Level 3 [Member] | ||||||
Assets: | ||||||
Mortgages and notes receivable, at fair value | 10,895,000 | [1] | 9,456,000 | [1] | ||
Interest rate swaps (in prepaid expenses and other assets) | 0 | |||||
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) | 0 | 0 | ||||
Tax increment financing bond (in prepaid expenses and other assets) | 12,447,000 | 13,403,000 | ||||
Total Assets | 23,342,000 | 22,859,000 | ||||
Liabilities: | ||||||
Mortgages and notes payable, at fair value | 0 | [1] | 0 | [1] | ||
Interest rate swaps (in accounts payable, accrued expenses and other liabilities) | 0 | 0 | ||||
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) | 0 | 0 | ||||
Financing obligations, at fair value | 20,117,000 | [1] | 22,478,000 | [1] | ||
Total Liabilities | 20,117,000 | 22,478,000 | ||||
Highwoods Properties, Inc. [Member] | ||||||
Assets: | ||||||
Noncontrolling Interests in the Operating Partnership | 130,048,000 | 106,480,000 | ||||
Highwoods Properties, Inc. [Member] | Level 1 [Member] | ||||||
Assets: | ||||||
Noncontrolling Interests in the Operating Partnership | 130,048,000 | 106,480,000 | ||||
Highwoods Properties, Inc. [Member] | Level 2 [Member] | ||||||
Assets: | ||||||
Noncontrolling Interests in the Operating Partnership | 0 | 0 | ||||
Highwoods Properties, Inc. [Member] | Level 3 [Member] | ||||||
Assets: | ||||||
Noncontrolling Interests in the Operating Partnership | $0 | $0 | ||||
[1] | Amounts recorded at historical cost on our Consolidated Balance Sheets at December 31, 2014 and 2013. |
Disclosure_About_Fair_Value_of3
Disclosure About Fair Value of Financial Instruments - Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Unrealized gains (in AOCL) | $584,000 | $869,000 | $411,000 |
Contingent Consideration to Acquire Real Estate Assets [Member] | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Beginning balance | 0 | 563,000 | |
Recognized gains (in general and administrative) | 0 | -563,000 | |
Ending balance | 0 | 0 | |
Tax Increment Financing Bond [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Beginning balance | 13,403,000 | 14,496,000 | |
Principal repayments | -1,540,000 | -1,962,000 | |
Unrealized gains (in AOCL) | 584,000 | 869,000 | |
Ending balance | 12,447,000 | 13,403,000 | |
Maturity date | 20-Dec-20 | ||
Amount by which outstanding principal amount exceeds estimated fair value | 400,000 | ||
Change in discount rate (in hundredths) | 1.00% | ||
Fair value of Level 3 asset | 12,447,000 | 13,403,000 | |
Discount rate (in hundredths) | 8.40% | 9.30% | |
Tax Increment Financing Bond [Member] | Minimum [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Impact of 100 basis points change in discount rate | 400,000 | ||
Tax Increment Financing Bond [Member] | Maximum [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Impact of 100 basis points change in discount rate | 400,000 | ||
Impaired Real Estate Assets [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Discount rate (in hundredths) | 10.00% | ||
Impaired real estate assets [Abstract] | |||
Fair value of Level 3 asset | $4,900,000 | $14,900,000 | |
Capitalization rate (in hundredths) | 9.50% | ||
Impaired Real Estate Assets [Member] | Minimum [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Discount rate (in hundredths) | 9.00% | ||
Impaired real estate assets [Abstract] | |||
Capitalization rate (in hundredths) | 8.50% | ||
Impaired Real Estate Assets [Member] | Maximum [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Discount rate (in hundredths) | 15.00% | ||
Impaired real estate assets [Abstract] | |||
Capitalization rate (in hundredths) | 10.50% |
Equity_Details
Equity (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Class of Stock [Line Items] | |||
Net proceeds of Common Stock sold during the period | $112,624 | $305,846 | $243,168 |
Possible future share issuance authorized under charter | 107,100,000 | ||
Dividends, Common Stock [Abstract] | |||
Ordinary income | $1.31 | $1.28 | $1.28 |
Capital gains | $0.29 | $0.26 | $0.24 |
Return of capital | $0.10 | $0.16 | $0.18 |
Total taxability of dividends per share | $1.70 | $1.70 | $1.70 |
Dividends, Preferred Stock [Abstract] | |||
Number of shares outstanding, Preferred Stock (in shares) | 29,060 | 29,077 | |
Carrying value, Preferred Stock | 29,060 | 29,077 | |
Liquidation preference per share, Preferred Stock (in dollars per share) | $1,000 | $1,000 | |
Warrants [Abstract] | |||
Warrants to acquire Common Stock, outstanding | 15,000 | 15,000 | |
Exercise price of outstanding warrants | $32.50 | $32.50 | |
Series A Cumulative Redeemable Preferred Shares [Member] | |||
Dividends, Preferred Stock [Abstract] | |||
Ordinary income | $70.41 | $71.56 | $72.46 |
Capital gains | $15.84 | $14.69 | $13.79 |
Total taxability of dividends per share | $86.25 | $86.25 | $86.25 |
Issuance date, Preferred Stock | 12-Feb-97 | 12-Feb-97 | |
Liquidation preference per share, Preferred Stock (in dollars per share) | $1,000 | $1,000 | |
Optional redemption date, Preferred Stock | 12-Feb-27 | 12-Feb-27 | |
Annual dividends payable per share, Preferred Stock (in dollars per share) | $86.25 | $86.25 | $86.25 |
Highwoods Properties, Inc. [Member] | ATM Equity Offering [Member] | |||
Class of Stock [Line Items] | |||
Number of Common Stock sold during the period (in shares) | 2,500,031 | 8,273,690 | |
Net proceeds of Common Stock sold during the period | 104,100 | 295,100 | |
Highwoods Realty Limited Partnership [Member] | |||
Class of Stock [Line Items] | |||
Distributions paid per share of Common Unit (in dollars per share) | $1.70 | $1.70 | $1.70 |
Dividends, Preferred Stock [Abstract] | |||
Number of units outstanding, Preferred Units (in shares) | 29,060 | 29,077 | |
Carrying value, Preferred units | $29,060 | $29,077 | |
Liquidation preference per unit, Preferred Units (in dollars per share) | $1,000 | $1,000 | |
Highwoods Realty Limited Partnership [Member] | Series A Cumulative Redeemable Preferred Shares [Member] | |||
Dividends, Preferred Stock [Abstract] | |||
Total taxability of dividends per share | $86.25 | $86.25 | |
Issuance date, Preferred Stock | 12-Feb-97 | 12-Feb-97 | |
Liquidation preference per unit, Preferred Units (in dollars per share) | $1,000 | $1,000 | |
Optional redemption date, Preferred Stock | 12-Feb-27 | 12-Feb-27 | |
Annual dividends payable per share, Preferred Stock (in dollars per share) | $86.25 | $86.25 |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||||
Compensation and Retirement Disclosure [Abstract] | ||||||
Officer cash bonus target minimum | 30.00% | |||||
Officer cash bonus target maximum | 130.00% | |||||
Officer cash bonus performance factor minimum | 0.00% | |||||
Officer cash bonus performance factor maximum | 200.00% | |||||
Other management cash bonus target minimum | 10.00% | |||||
Other management cash bonus target maximum | 30.00% | |||||
Number of outstanding options and warrants | 592,321 | 889,382 | ||||
Possible future share issuance authorized under equity incentive plans | 1,382,406 | 1,742,237 | ||||
Total shares reserved for future issuance | 1,974,727 | 2,631,619 | ||||
Possible future share issuance authorized under equity incentive plan restricted stock | 300,000 | |||||
Stock-based compensation expense | $6,939,000 | $6,899,000 | $7,613,000 | |||
Total unrecognized stock-based compensation costs | 4,700,000 | |||||
Weighted average remaining term of vesting periods (in years) | 2 years 4 months | |||||
401(k) Savings Plan [Abstract] | ||||||
401(k) employer match percentage | 75.00% | |||||
401(k) employer match salary limit percentage | 6.00% | |||||
401(k) employer contribution | 1,200,000 | 1,100,000 | 1,000,000 | |||
Retirement Plan [Abstract] | ||||||
Retirement plan qualification years of service (in years) | 30 years | |||||
Retirement plan qualification age | 55 years | |||||
Retirement plan qualification minimum years of service (in years) | 10 years | |||||
2009 and prior retirement plan immediate vesting percentage | 100.00% | |||||
Deferred Compensation [Abstract] | ||||||
Marketable securities of non-qualified deferred compensation plan fair value disclosure | 3,635,000 | 3,996,000 | 3,354,000 | |||
Non Qualified Deferred Compensation Obligation Fair Value Disclosure [Roll Forward] | ||||||
Beginning deferred compensation liability | 3,996,000 | 3,354,000 | 3,149,000 | |||
Mark to market adjustment to deferred compensation (in general and administrative expenses) | 235,000 | 803,000 | 475,000 | |||
Distributions from deferred compensation plans | -596,000 | -161,000 | -270,000 | |||
Ending deferred compensation liability | 3,635,000 | 3,996,000 | 3,354,000 | |||
Employee Stock Purchase Plan [Abstract] | ||||||
Employee stock purchase plan salary limit percentage | 25.00% | |||||
Employee stock purchase plan market percentage | 85.00% | |||||
Number of days at end of quarter used to calculate ESPP discount | 5 days | |||||
Shares of Common Stock issued under the employee stock purchase plans | 28,682 | 27,250 | 34,126 | |||
Employee Stock Purchase Plan Market Percentage Discount | 15.00% | |||||
Discount on newly issued shares expensed as additional compensation | 200,000 | 200,000 | 200,000 | |||
Stock Options [Member] | ||||||
Stock Option Activity Rollforward [Abstract] | ||||||
Balance of options outstanding | 874,382 | [1],[2] | 1,129,309 | 1,209,455 | ||
Options granted | 190,330 | 168,700 | 190,886 | |||
Options canceled | -134,628 | |||||
Options exercised | -352,763 | -423,627 | -271,032 | |||
Balance of options outstanding | 577,321 | [1],[2] | 874,382 | [1],[2] | 1,129,309 | |
Options outstanding, weighted average exercise price | $32.24 | $30.10 | $29.08 | |||
Options granted, weighted average exercise price | $37.90 | $36.50 | $31.97 | |||
Options canceled, weighted average exercise price | $41.93 | |||||
Options exercised, weighted average exercise price | $27.21 | $28.22 | $26.87 | |||
Options outstanding, weighted average exercise price | $34.92 | [1],[2] | $32.24 | $30.10 | ||
Weighted average remaining life of outstanding options | 5 years 9 months 20 days | |||||
Options exercisable | 128,364 | |||||
Weighted average exercise price | $31.44 | |||||
Weighted average remaining life | 3 years 1 month 6 days | |||||
Intrinsic value | 1,600,000 | |||||
Cash received or receivable from options exercised | 11,100,000 | 12,500,000 | 7,400,000 | |||
Total instrinsic value of options exercised | 5,000,000 | 3,900,000 | 1,900,000 | |||
Total intrinsic value of options outstanding | 5,400,000 | 4,300,000 | 5,000,000 | |||
Prior to 2005 and 2014 Stock Options [Member] | ||||||
Compensation and Retirement Disclosure [Abstract] | ||||||
Vesting term of stock options issued/Period for absolute total return of restricted stock issued (in years) | 4 years | |||||
Option expiration period (in years) | 10 years | |||||
Grant date fair value of each stock option granted (in dollars per option) | $6.75 | |||||
Assumptions Used in Determining Fair Values of Options/Restricted Stock Granted: | ||||||
Risk free interest rate | 1.80% | [3] | ||||
Common stock dividend yield | 4.50% | [4] | ||||
Expected volatility rate | 30.30% | [5] | ||||
Average expected option life (in years) | 5 years 9 months | [6] | ||||
Dividends paid for previous year | 1 year | |||||
2005 to 2013 Stock Options [Member] | ||||||
Compensation and Retirement Disclosure [Abstract] | ||||||
Vesting term of stock options issued/Period for absolute total return of restricted stock issued (in years) | 4 years | |||||
Option expiration period (in years) | 7 years | |||||
Grant date fair value of each stock option granted (in dollars per option) | $6.50 | $5.47 | ||||
Assumptions Used in Determining Fair Values of Options/Restricted Stock Granted: | ||||||
Risk free interest rate | 1.00% | [3] | 1.10% | [3] | ||
Common stock dividend yield | 4.70% | [4] | 5.30% | [4] | ||
Expected volatility rate | 32.40% | [5] | 33.40% | [5] | ||
Average expected option life (in years) | 5 years 9 months | [6] | 5 years 9 months | [6] | ||
Time-Based Restricted Stock [Member] | ||||||
Compensation and Retirement Disclosure [Abstract] | ||||||
Vesting term of stock options issued/Period for absolute total return of restricted stock issued (in years) | 4 years | |||||
Restricted Stock Activity Rollforward [Abstract] | ||||||
Balance of restricted stock outstanding | 212,796 | 222,502 | 224,661 | |||
Awarded and issued | 94,932 | [7] | 86,144 | [7] | 90,983 | [7] |
Vested | -85,660 | [8] | -94,037 | [8] | -92,239 | [8] |
Forfeited | 0 | -1,813 | -903 | |||
Balance of restricted stock outstanding | 222,068 | 212,796 | 222,502 | |||
Restricted stock outstanding, weighted average grant date fair value | $33.96 | $30.31 | $28.02 | |||
Awarded and issued, weighted average grant date fair value | $37.76 | [7] | $36.64 | [7] | $32.27 | [7] |
Vested, weighted average grant date fair value | $32.87 | [8] | $27.80 | [8] | $27.14 | [8] |
Forfeited, weighted average grant date fair value | $0 | $36.01 | $30.12 | |||
Restricted stock outstanding, weighted average grant date fair value | $35.97 | $33.96 | $30.31 | |||
Grant date fair value of restricted stock | $37.76 | [7] | $36.64 | [7] | $32.27 | [7] |
Fair value at grant date of restricted stock issued | 3,600,000 | 3,200,000 | 2,900,000 | |||
Vesting date fair value of restricted stock | 3,200,000 | 3,400,000 | 2,900,000 | |||
Total Return-Based Restricted Stock [Member] | ||||||
Compensation and Retirement Disclosure [Abstract] | ||||||
Vesting term of stock options issued/Period for absolute total return of restricted stock issued (in years) | 3 years | |||||
Assumptions Used in Determining Fair Values of Options/Restricted Stock Granted: | ||||||
Risk free interest rate | 0.70% | [9] | 0.40% | [9] | 0.40% | [9] |
Common stock dividend yield | 4.70% | [10] | 4.90% | [10] | 5.40% | [10] |
Expected volatility rate | 43.40% | [11] | 43.40% | [11] | 43.70% | [11] |
Dividends paid for previous year | 1 year | |||||
Restricted Stock Activity Rollforward [Abstract] | ||||||
Balance of restricted stock outstanding | 133,388 | 125,288 | 122,829 | |||
Awarded and issued | 74,569 | [12] | 65,486 | [12] | 67,902 | [12] |
Vested | 0 | [13] | -41,863 | [13] | -32,722 | [13] |
Forfeited | 0 | -15,523 | -32,721 | |||
Balance of restricted stock outstanding | 207,957 | 133,388 | 125,288 | |||
Restricted stock outstanding, weighted average grant date fair value | $35.29 | $32.87 | $34.86 | |||
Awarded and issued, weighted average grant date fair value | $35.58 | [12] | $31.73 | [12] | $38.71 | [12] |
Vested, weighted average grant date fair value | $0 | [13] | $24.75 | [13] | $29.47 | [13] |
Forfeited, weighted average grant date fair value | $0 | $24.75 | $29.47 | |||
Restricted stock outstanding, weighted average grant date fair value | $35.70 | $35.29 | $32.87 | |||
Percentage of return-based restricted stock issued to officers that will vest, minimum | 0.00% | 0.00% | 0.00% | |||
Percentage of return-based restricted stock issued to officers that will vest, maximum | 150.00% | 150.00% | 250.00% | |||
Company total return, total return-based restricted stock | 100.00% | |||||
Vesting percentage, total return-based restricted stock | 75.00% | 50.00% | 50.00% | |||
Grant date fair value of restricted stock | $35.58 | [12] | $31.73 | [12] | $38.71 | [12] |
Fair value at grant date of restricted stock issued | 2,700,000 | 2,100,000 | 2,600,000 | |||
Vesting date fair value of restricted stock | $1,500,000 | $1,100,000 | ||||
Period preceding date of grant | 0 years 3 months | |||||
[1] | The Company had 128,364 options exercisable at December 31, 2014 with a weighted average exercise price of $31.44, weighted average remaining life of 3.1 years and intrinsic value of $1.6 million. Of these exercisable options, there were no exercise prices higher than the market price of our Common Stock at December 31, 2014. | |||||
[2] | The outstanding options at December 31, 2014 had a weighted average remaining life of 5.8 years. | |||||
[3] | Represents the interest rate as of the grant date on US treasury bonds having the same life as the estimated life of the option grants. | |||||
[4] | The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the per share price of Common Stock on the date of grant. | |||||
[5] | Based on the historical volatility of Common Stock over a period relevant to the related stock option grant. | |||||
[6] | The average expected option life is based on an analysis of the Company's historical data. | |||||
[7] | The weighted average fair value at grant date of time-based restricted stock issued during the years ended December 31, 2014, 2013 and 2012 was $3.6 million, $3.2 million and $2.9 million, respectively. | |||||
[8] | The vesting date fair value of time-based restricted stock that vested during the years ended December 31, 2014, 2013 and 2012 was $3.2 million, $3.4 million and $2.9 million, respectively. Vested shares include those shares surrendered by employees to satisfy tax withholding obligations in connection with such vesting. | |||||
[9] | Represents the interest rate as of the grant date on US treasury bonds having the same life as the estimated life of the total return-based restricted stock grants. | |||||
[10] | The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the average per share price of Common Stock during the three-month period preceding the date of grant. | |||||
[11] | Based on the historical volatility of Common Stock over a period relevant to the related total return-based restricted stock grant. | |||||
[12] | The fair value at grant date of total return-based restricted stock issued during the years ended December 31, 2014, 2013 and 2012 was $2.7 million, $2.1 million and $2.6 million, respectively. | |||||
[13] | The vesting date fair value of total return-based restricted stock that vested during the years ended December 31, 2013 and 2012 was $1.5 million and $1.1 million, respectively. Vested shares include those shares surrendered by employees to satisfy tax withholding obligations in connection with such vesting. There were no vested shares of total return-based restricted stock during the year ended December 31, 2014. |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Loss (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | ||
Accumulated Other Comprehensive Income (Loss) Calculation [Roll Forward] | ||||
Ending balance | ($3,912) | ($2,611) | ||
Total accumulated other comprehensive loss | -3,912 | -2,611 | ||
Tax Increment Financing Bond [Member] | ||||
Accumulated Other Comprehensive Income (Loss) Calculation [Roll Forward] | ||||
Beginning balance | -1,029 | -1,898 | ||
Unrealized gains/(losses) | 584 | 869 | ||
Ending balance | -445 | -1,029 | ||
Total accumulated other comprehensive loss | -445 | -1,029 | ||
Cash Flow Hedges [Member] | ||||
Accumulated Other Comprehensive Income (Loss) Calculation [Roll Forward] | ||||
Beginning balance | -1,582 | -10,730 | ||
Unrealized gains/(losses) | -5,662 | 5,778 | ||
Amortization reclassified out of AOCL | 3,777 | [1] | 3,370 | [1] |
Ending balance | -3,467 | -1,582 | ||
Total accumulated other comprehensive loss | ($3,467) | ($1,582) | ||
[1] | Amounts reclassified out of AOCL into contractual interest expense. |
Rental_and_Other_Revenues_Rent2
Rental and Other Revenues; Rental Property and Other Expenses (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Real Estate Revenue, Net [Abstract] | |||||||||||
Contractual rents, net | $512,766 | $474,163 | $413,650 | ||||||||
Straight-line rental income, net | 21,281 | 17,226 | 16,104 | ||||||||
Amortization of lease incentives | -1,465 | -1,409 | -1,389 | ||||||||
Cost recovery income, net | 51,273 | 43,586 | 38,547 | ||||||||
Lease termination fees | 2,203 | 2,030 | 1,848 | ||||||||
Fee income | 3,560 | 5,557 | 4,965 | ||||||||
Other miscellaneous operating revenues | 18,850 | 15,657 | 11,321 | ||||||||
Real estate revenue, net | 154,664 | 152,629 | 152,722 | 148,453 | 148,988 | 144,827 | 132,618 | 130,377 | 608,468 | 556,810 | 485,046 |
Future minimum base rents [Abstract] | |||||||||||
2015 | 540,981 | 540,981 | |||||||||
2016 | 521,790 | 521,790 | |||||||||
2017 | 472,532 | 472,532 | |||||||||
2018 | 422,418 | 422,418 | |||||||||
2019 | 364,170 | 364,170 | |||||||||
Thereafter | 1,304,381 | 1,304,381 | |||||||||
Total future minimum base rents | 3,626,272 | 3,626,272 | |||||||||
Operating Costs and Expenses [Abstract] | |||||||||||
Utilities, insurance and real estate taxes | 120,380 | 108,095 | 94,710 | ||||||||
Maintenance, cleaning and general building | 82,983 | 75,969 | 65,430 | ||||||||
Property management and administrative expenses | 13,110 | 12,429 | 11,718 | ||||||||
Other miscellaneous operating expenses | 9,031 | 6,851 | 4,886 | ||||||||
Rental property and other expenses, net | $225,504 | $203,344 | $176,744 |
Real_Estate_and_Other_Assets_H2
Real Estate and Other Assets Held For Sale and Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Assets, held for sale [Abstract] | |||||||||||
Land held for development | $995 | $0 | $995 | $0 | |||||||
Net real estate assets | 995 | 0 | 995 | 0 | |||||||
Prepaid expenses and other assets | 43 | 0 | 43 | 0 | |||||||
Real estate and other assets, net, held for sale | 1,038 | 0 | 1,038 | 0 | |||||||
Discontinued Operations [Abstract] | |||||||||||
Rental and other revenues | 0 | 20,812 | 41,176 | ||||||||
Operating expenses: | |||||||||||
Rental property and other expenses | 0 | 8,283 | 14,456 | ||||||||
Depreciation and amortization | 0 | 5,753 | 11,970 | ||||||||
Total operating expenses | 0 | 14,036 | 26,426 | ||||||||
Interest expense | 0 | 0 | 283 | ||||||||
Income from discontinued operations | 0 | 6,776 | 14,467 | ||||||||
Impairments of real estate assets | 0 | -2,194 | 0 | ||||||||
Net gains on disposition of discontinued operations | 384 | 63,792 | 29,455 | ||||||||
Total discontinued operations | $0 | $0 | $0 | $384 | $12,362 | $39,460 | $14,092 | $2,460 | $384 | $68,374 | $43,922 |
Raleigh, NC Land Disposition (7/2014) [Member] | |||||||||||
Operating expenses: | |||||||||||
Number of land parcels included in real estaet and other assets, net, held for sale | 2 | 2 |
Earnings_Per_ShareUnit_Details
Earnings Per Share/Unit (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Numerator: | ||||||||||||||
Income from continuing operations | $23,585 | $54,299 | $24,512 | $13,192 | $19,328 | $16,608 | $15,487 | $11,300 | $115,588 | $62,723 | $40,313 | |||
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations | -3,530 | -2,185 | -1,767 | |||||||||||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | -314 | -291 | -438 | -423 | -356 | -203 | -187 | -203 | -1,466 | -949 | -786 | |||
Dividends on Preferred Stock | -626 | -627 | -627 | -627 | -627 | -627 | -627 | -627 | -2,507 | -2,508 | -2,508 | |||
Income from continuing operations available for common stockholders | 108,085 | 57,081 | 35,252 | |||||||||||
Income from discontinued operations | 0 | 0 | 0 | 384 | 12,362 | 39,460 | 14,092 | 2,460 | 384 | 68,374 | 43,922 | |||
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations | -12 | -2,506 | -2,087 | |||||||||||
Income from discontinued operations available for common stockholders | 372 | 65,868 | 41,835 | |||||||||||
Net income available for common stockholders | 21,916 | 51,708 | 22,705 | 12,128 | 29,729 | 53,349 | 27,522 | 12,349 | 108,457 | 122,949 | 77,087 | |||
Denominator: | ||||||||||||||
Denominator for basic earnings per Common Share - weighted average shares (in shares) | 90,743,000 | 85,335,000 | 75,811,000 | |||||||||||
Earnings per Common Share - basic: | ||||||||||||||
Income from continuing operations available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.20 | $0.67 | $0.47 | |||
Income from discontinued operations available for common stockholders (in dollars per share) | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 | |||||||
Net income available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.33 | $0.61 | $0.33 | $0.15 | $1.20 | $1.44 | $1.02 | |||
Numerator: | ||||||||||||||
Income from continuing operations | 23,585 | 54,299 | 24,512 | 13,192 | 19,328 | 16,608 | 15,487 | 11,300 | 115,588 | 62,723 | 40,313 | |||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | -314 | -291 | -438 | -423 | -356 | -203 | -187 | -203 | -1,466 | -949 | -786 | |||
Dividends on Preferred Stock | -626 | -627 | -627 | -627 | -627 | -627 | -627 | -627 | -2,507 | -2,508 | -2,508 | |||
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | 111,615 | 59,266 | 37,019 | |||||||||||
Income from discontinued operations | 0 | 0 | 0 | 384 | 12,362 | 39,460 | 14,092 | 2,460 | 384 | 68,374 | 43,922 | |||
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | 111,999 | 127,640 | 80,941 | |||||||||||
Denominator: | ||||||||||||||
Denominator for basic earnings per Common Share - weighted average shares (in shares) | 90,743,000 | 85,335,000 | 75,811,000 | |||||||||||
Stock options using the treasury method | 119,000 | 114,000 | 122,000 | |||||||||||
Noncontrolling interests Common Units | 2,938,000 | 3,387,000 | 3,745,000 | |||||||||||
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares) (1) (2) | 93,800,000 | [1],[2] | 88,836,000 | [1],[2] | 79,678,000 | [1],[2] | ||||||||
Earnings per Common Share - diluted: | ||||||||||||||
Income from continuing operations available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.19 | $0.67 | $0.47 | |||
Income from discontinued operations available for common stockholders (in dollars per share) | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 | |||||||
Net income available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.33 | $0.61 | $0.33 | $0.15 | $1.19 | $1.44 | $1.02 | |||
Earnings per Common Unit - diluted: | ||||||||||||||
Number of anti-dilutive options and warrants not included in earnings per share (in dollars per share) | 300,000 | 500,000 | ||||||||||||
Highwoods Realty Limited Partnership [Member] | ||||||||||||||
Numerator: | ||||||||||||||
Income from continuing operations | 23,585 | 54,299 | 24,512 | 13,192 | 19,328 | 16,607 | 15,490 | 11,247 | 115,588 | 62,672 | 40,373 | |||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | -314 | -291 | -438 | -423 | -356 | -203 | -187 | -203 | -1,466 | -949 | -786 | |||
Distributions on Preferred Units | -626 | -627 | -627 | -627 | -627 | -627 | -627 | -627 | -2,507 | -2,508 | -2,508 | |||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||||||||||
Income from discontinued operations available for common unitholders | 0 | 0 | 0 | 384 | 12,362 | 39,460 | 14,092 | 2,460 | 384 | 68,374 | 43,922 | |||
Net income available for common unitholders | 22,645 | 53,381 | 23,447 | 12,526 | 30,707 | 55,237 | 28,768 | 12,877 | 111,999 | 127,589 | 81,001 | |||
Denominator: | ||||||||||||||
Denominator for basic earnings per Common Unit - weighted average units (in shares) | 93,272,000 | 88,313,000 | 79,147,000 | |||||||||||
Earnings per Common Unit - basic: | ||||||||||||||
Income from continuing operations available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.20 | $0.67 | $0.47 | |||
Income from discontinued operations available for common unitholders (in dollars per share) | $0 | $0 | $0 | $0.01 | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 | |||
Net income available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.14 | $0.33 | $0.61 | $0.33 | $0.15 | $1.20 | $1.44 | $1.02 | |||
Numerator: | ||||||||||||||
Income from continuing operations | 23,585 | 54,299 | 24,512 | 13,192 | 19,328 | 16,607 | 15,490 | 11,247 | 115,588 | 62,672 | 40,373 | |||
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | -314 | -291 | -438 | -423 | -356 | -203 | -187 | -203 | -1,466 | -949 | -786 | |||
Distributions on Preferred Units | -626 | -627 | -627 | -627 | -627 | -627 | -627 | -627 | -2,507 | -2,508 | -2,508 | |||
Income from continuing operations available for common unitholders | 111,615 | 59,215 | 37,079 | |||||||||||
Income from discontinued operations available for common unitholders | 0 | 0 | 0 | 384 | 12,362 | 39,460 | 14,092 | 2,460 | 384 | 68,374 | 43,922 | |||
Net income available for common unitholders | $22,645 | $53,381 | $23,447 | $12,526 | $30,707 | $55,237 | $28,768 | $12,877 | $111,999 | $127,589 | $81,001 | |||
Denominator: | ||||||||||||||
Denominator for basic earnings per Common Unit - weighted average units (in shares) | 93,272,000 | 88,313,000 | 79,147,000 | |||||||||||
Stock options using the treasury method | 119,000 | 114,000 | 122,000 | |||||||||||
Denominator for diluted earnings per Common Unit - adjusted weighted average units and assumed conversions (in shares) (1) (2) | 93,391,000 | [1],[2] | 88,427,000 | [1],[2] | 79,269,000 | [1],[2] | ||||||||
Earnings per Common Unit - diluted: | ||||||||||||||
Income from continuing operations available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.20 | $0.67 | $0.47 | |||
Income from discontinued operations available for common unitholders (in dollars per share) | $0 | $0 | $0 | $0.01 | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 | |||
Net income available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.14 | $0.33 | $0.61 | $0.33 | $0.15 | $1.20 | $1.44 | $1.02 | |||
Number of anti-dilutive options and warrants not included in earnings per share (in dollars per share) | 300,000 | 500,000 | ||||||||||||
[1] | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. | |||||||||||||
[2] | There were 0.3 million and 0.5 million options outstanding during the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014. |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Line Items] | |||
Minimum dividend required to maintain REIT status | $1.13 | $1.08 | $1.07 |
Tax basis of assets | $3,600,000,000 | $3,400,000,000 | |
Tax basis of liabilities | 2,200,000,000 | 2,100,000,000 | |
Net deferred tax assets | 100,000 | ||
Net deferred tax liabilities | 1,800,000 | ||
Taxes incurred by taxable REIT subsidiary related to disposition | 1,700,000 | ||
Deferred Income Tax Revenue [Member] | |||
Income Tax Disclosure [Line Items] | |||
Income tax expense incurred by taxable REIT subsidiary | 1,900,000 | ||
Income Tax Expense [Member] | |||
Income Tax Disclosure [Line Items] | |||
Income tax expense incurred by taxable REIT subsidiary | 1,600,000 | 2,100,000 | |
Highwoods Realty Limited Partnership [Member] | |||
Income Tax Disclosure [Line Items] | |||
Tax basis of assets | 3,600,000,000 | 3,400,000,000 | |
Tax basis of liabilities | $2,200,000,000 | $2,100,000,000 |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | $154,664 | $152,629 | $152,722 | $148,453 | $148,988 | $144,827 | $132,618 | $130,377 | $608,468 | $556,810 | $485,046 |
Total net operating income | 382,964 | 353,466 | 308,302 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Depreciation and amortization | -196,023 | -176,957 | -146,357 | ||||||||
Impairments of real estate assets | -588 | 0 | 0 | ||||||||
General and administrative expense | -36,223 | -37,193 | -37,377 | ||||||||
Interest expense | -85,852 | -92,703 | -96,114 | ||||||||
Other income | 5,131 | 6,398 | 6,380 | ||||||||
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates | 69,409 | 53,011 | 34,834 | ||||||||
Total Assets | 4,004,909 | 3,807,101 | 4,004,909 | 3,807,101 | |||||||
Office Total Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 557,475 | 505,937 | 434,531 | ||||||||
Total net operating income | 350,617 | 321,040 | 276,446 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 3,661,786 | 3,425,874 | 3,661,786 | 3,425,874 | |||||||
Office Atlanta, GA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 96,075 | 80,330 | 60,474 | ||||||||
Total net operating income | 58,180 | 49,650 | 38,186 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 700,085 | 699,263 | 700,085 | 699,263 | |||||||
Office Greensboro, NC [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 25,018 | 26,047 | 19,489 | ||||||||
Total net operating income | 15,784 | 16,788 | 12,282 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 139,479 | 164,885 | 139,479 | 164,885 | |||||||
Office Greenville, SC [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 2,140 | 3,399 | 3,269 | ||||||||
Total net operating income | 1,150 | 1,893 | 1,701 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 0 | 15,890 | 0 | 15,890 | |||||||
Office Kansas City, MO [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 16,558 | 16,303 | 14,995 | ||||||||
Total net operating income | 10,769 | 10,694 | 9,509 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 82,304 | 83,124 | 82,304 | 83,124 | |||||||
Office Memphis, TN [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 41,016 | 38,369 | 36,812 | ||||||||
Total net operating income | 24,376 | 22,133 | 21,831 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 280,186 | 249,479 | 280,186 | 249,479 | |||||||
Office Nashville, TN [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 80,722 | 62,054 | 56,512 | ||||||||
Total net operating income | 55,354 | 42,598 | 38,801 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 527,317 | 490,887 | 527,317 | 490,887 | |||||||
Office Orlando, FL [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 36,574 | 21,798 | 9,052 | ||||||||
Total net operating income | 21,286 | 12,048 | 4,334 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 291,611 | 226,314 | 291,611 | 226,314 | |||||||
Office Pittsburgh, PA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 56,692 | 56,125 | 38,776 | ||||||||
Total net operating income | 31,505 | 31,134 | 19,530 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 334,539 | 335,798 | 334,539 | 335,798 | |||||||
Office Raleigh, NC [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 87,428 | 85,417 | 81,581 | ||||||||
Total net operating income | 61,317 | 60,075 | 56,584 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 669,450 | 494,208 | 669,450 | 494,208 | |||||||
Office Richmond, VA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 45,559 | 47,576 | 47,284 | ||||||||
Total net operating income | 30,021 | 32,454 | 32,382 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 215,987 | 241,739 | 215,987 | 241,739 | |||||||
Office Tampa, FL [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 69,693 | 68,519 | 66,287 | ||||||||
Total net operating income | 40,875 | 41,573 | 41,306 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 420,828 | 424,287 | 420,828 | 424,287 | |||||||
Industrial Total Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 12,212 | 12,997 | 13,324 | ||||||||
Total net operating income | 8,714 | 9,429 | 9,610 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 79,534 | 100,772 | 79,534 | 100,772 | |||||||
Industrial Atlanta, GA [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 657 | 827 | 812 | ||||||||
Total net operating income | 364 | 492 | 468 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 12,063 | 25,936 | 12,063 | 25,936 | |||||||
Industrial Greensboro, NC [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 11,555 | 12,170 | 12,512 | ||||||||
Total net operating income | 8,350 | 8,937 | 9,142 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 67,471 | 74,836 | 67,471 | 74,836 | |||||||
Total Retail Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 38,781 | 37,876 | 37,191 | ||||||||
Total net operating income | 23,724 | 23,074 | 22,510 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 159,390 | 161,779 | 159,390 | 161,779 | |||||||
Retail Kansas City, MO [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Rental and other revenues | 38,781 | 37,876 | 37,191 | ||||||||
Total net operating income | 23,724 | 23,074 | 22,510 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | 159,390 | 161,779 | 159,390 | 161,779 | |||||||
Total Residential Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total net operating income | 0 | 0 | -178 | ||||||||
Residential Raleigh, NC [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total net operating income | 0 | 0 | -178 | ||||||||
Total Corporate and Other Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total net operating income | -91 | -77 | -86 | ||||||||
Reconciliation to income from continuing operations before disposition of property, condominiums and investments in unconsolidated affiliates and equity in earnings of unconsolidated affiliates: | |||||||||||
Total Assets | $104,199 | $118,676 | $104,199 | $118,676 |
Quarterly_Financial_Data_Detai
Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Quarterly Financial Data [Line Items] | |||||||||||
Rental and other revenues | $154,664 | $152,629 | $152,722 | $148,453 | $148,988 | $144,827 | $132,618 | $130,377 | $608,468 | $556,810 | $485,046 |
Income from continuing operations | 23,585 | 54,299 | 24,512 | 13,192 | 19,328 | 16,608 | 15,487 | 11,300 | 115,588 | 62,723 | 40,313 |
Income from discontinued operations | 0 | 0 | 0 | 384 | 12,362 | 39,460 | 14,092 | 2,460 | 384 | 68,374 | 43,922 |
Net income | 23,585 | 54,299 | 24,512 | 13,576 | 31,690 | 56,068 | 29,579 | 13,760 | 115,972 | 131,097 | 84,235 |
Net (income) attributable to noncontrolling interests in the Operating Partnership | -729 | -1,673 | -742 | -398 | -978 | -1,889 | -1,243 | -581 | -3,542 | -4,691 | -3,854 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | -314 | -291 | -438 | -423 | -356 | -203 | -187 | -203 | -1,466 | -949 | -786 |
Dividends on Preferred Stock | -626 | -627 | -627 | -627 | -627 | -627 | -627 | -627 | -2,507 | -2,508 | -2,508 |
Net income available for common stockholders | 21,916 | 51,708 | 22,705 | 12,128 | 29,729 | 53,349 | 27,522 | 12,349 | 108,457 | 122,949 | 77,087 |
Earnings per Common Share - basic: | |||||||||||
Income from continuing operations available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.20 | $0.67 | $0.47 |
Income from discontinued operations available for common stockholders (in dollars per share) | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 | ||||
Net income available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.33 | $0.61 | $0.33 | $0.15 | $1.20 | $1.44 | $1.02 |
Earnings per Common Share - diluted: | |||||||||||
Income from continuing operations available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.19 | $0.67 | $0.47 |
Income from discontinued operations available for common stockholders (in dollars per share) | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 | ||||
Net income available for common stockholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.33 | $0.61 | $0.33 | $0.15 | $1.19 | $1.44 | $1.02 |
Highwoods Properties, Inc. [Member] | |||||||||||
Quarterly Financial Data [Line Items] | |||||||||||
Net (income) attributable to noncontrolling interests in the Operating Partnership | -3,542 | -4,691 | |||||||||
Net income available for common stockholders | 108,457 | 122,949 | 77,087 | ||||||||
Highwoods Realty Limited Partnership [Member] | |||||||||||
Quarterly Financial Data [Line Items] | |||||||||||
Rental and other revenues | 154,664 | 152,629 | 152,722 | 148,453 | 148,988 | 144,827 | 132,618 | 130,377 | 608,468 | 556,810 | 485,046 |
Income from continuing operations | 23,585 | 54,299 | 24,512 | 13,192 | 19,328 | 16,607 | 15,490 | 11,247 | 115,588 | 62,672 | 40,373 |
Income from discontinued operations | 0 | 0 | 0 | 384 | 12,362 | 39,460 | 14,092 | 2,460 | 384 | 68,374 | 43,922 |
Net income | 23,585 | 54,299 | 24,512 | 13,576 | 31,690 | 56,067 | 29,582 | 13,707 | 115,972 | 131,046 | 84,295 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | -314 | -291 | -438 | -423 | -356 | -203 | -187 | -203 | -1,466 | -949 | -786 |
Distributions on Preferred Units | -626 | -627 | -627 | -627 | -627 | -627 | -627 | -627 | -2,507 | -2,508 | -2,508 |
Net income available for common unitholders | $22,645 | $53,381 | $23,447 | $12,526 | $30,707 | $55,237 | $28,768 | $12,877 | $111,999 | $127,589 | $81,001 |
Earnings per Common Unit - basic: | |||||||||||
Income from continuing operations available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.20 | $0.67 | $0.47 |
Income from discontinued operations available for common unitholders (in dollars per share) | $0 | $0 | $0 | $0.01 | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 |
Net income available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.14 | $0.33 | $0.61 | $0.33 | $0.15 | $1.20 | $1.44 | $1.02 |
Earnings per Common Unit - diluted: | |||||||||||
Income from continuing operations available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.13 | $0.20 | $0.17 | $0.17 | $0.12 | $1.20 | $0.67 | $0.47 |
Income from discontinued operations available for common unitholders (in dollars per share) | $0 | $0 | $0 | $0.01 | $0.13 | $0.44 | $0.16 | $0.03 | $0 | $0.77 | $0.55 |
Net income available for common unitholders (in dollars per share) | $0.24 | $0.57 | $0.25 | $0.14 | $0.33 | $0.61 | $0.33 | $0.15 | $1.20 | $1.44 | $1.02 |
Schedule_II_Details
Schedule II (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Allowance for doubtful accounts, beginning balance | $3,013 | $3,843 | $4,903 |
Additions to allowance for doubtful accounts | 2,619 | 1,516 | 2,335 |
Deductions to allowance for doubtful accounts | -3,443 | -2,346 | -3,395 |
Allowance for doubtful accounts, ending balance | 2,189 | 3,013 | 3,843 |
Allowance for Doubtful Accounts - Straight Line Rent [Member] | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Allowance for doubtful accounts, beginning balance | 1,063 | 813 | 1,294 |
Additions to allowance for doubtful accounts | 1,277 | 545 | 1,382 |
Deductions to allowance for doubtful accounts | -1,740 | -295 | -1,863 |
Allowance for doubtful accounts, ending balance | 600 | 1,063 | 813 |
Allowance for Doubtful Accounts - Accounts Receivable [Member] | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Allowance for doubtful accounts, beginning balance | 1,648 | 2,848 | 3,548 |
Additions to allowance for doubtful accounts | 1,342 | 851 | 767 |
Deductions to allowance for doubtful accounts | -1,676 | -2,051 | -1,467 |
Allowance for doubtful accounts, ending balance | 1,314 | 1,648 | 2,848 |
Allowance for Doubtful Accounts - Notes Receivable [Member] | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Allowance for doubtful accounts, beginning balance | 302 | 182 | 61 |
Additions to allowance for doubtful accounts | 0 | 120 | 186 |
Deductions to allowance for doubtful accounts | -27 | 0 | -65 |
Allowance for doubtful accounts, ending balance | $275 | $302 | $182 |
Schedule_III_Details
Schedule III (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | $1,033,106,000 | $985,244,000 | $876,446,000 | |
Real estate assets, net, held for sale | 0 | 0 | 0 | |
Total accumulated depreciation | 1,033,106,000 | 985,244,000 | 876,446,000 | |
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,309,536,000 | 4,252,845,000 | 3,547,696,000 | |
Development in process exclusive of land included in Schedule III | 205,971,000 | 44,621,000 | 21,198,000 | |
Real estate assets, net, held for sale | -995,000 | 0 | 0 | |
Total real estate assets | 4,514,512,000 | 4,297,466,000 | 3,568,894,000 | |
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,309,536,000 | 4,252,845,000 | 3,547,696,000 | |
SEC Schedule III, Real Estate Accumulated Depreciation | 1,033,106,000 | 985,244,000 | 876,446,000 | |
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, beginning balance | 4,252,845,000 | 3,547,696,000 | 3,221,991,000 | |
Acquisitions, development and improvements | 282,105,000 | 735,183,000 | 366,556,000 | |
Cost of real estate sold and retired | -225,414,000 | -30,034,000 | -40,851,000 | |
Real estate assets, ending balance | 4,309,536,000 | 4,252,845,000 | 3,547,696,000 | |
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, beginning balance | 985,244,000 | 876,446,000 | 799,094,000 | |
Depreciation expense | 154,448,000 | 138,163,000 | 118,223,000 | |
Real estate sold and retired | -106,586,000 | -29,365,000 | -40,871,000 | |
Accumulated depreciation, ending balance | 1,033,106,000 | 985,244,000 | 876,446,000 | |
Atlanta, GA - 1700 Century Circle [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 780,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,798,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,482,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 2,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 314,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,796,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,798,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 780,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,798,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 780,000 | |||
Atlanta, GA - 1700 Century Circle [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 1700 Century Circle [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 1800 Century Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 21,294,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 44,237,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,444,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,081,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 13,712,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,444,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 42,793,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 44,237,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 21,294,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 44,237,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 21,294,000 | |||
Atlanta, GA - 1800 Century Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 1800 Century Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 1825 Century Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,596,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,570,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 864,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 303,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 14,403,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,167,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,403,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,570,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,596,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,570,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,596,000 | |||
Atlanta, GA - 1825 Century Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 1825 Century Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 1875 Century Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,542,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,199,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,924,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,275,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,199,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,199,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,542,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,199,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,542,000 | |||
Atlanta, GA - 1875 Century Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 1875 Century Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 1900 Century Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,615,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,458,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,744,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 714,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,458,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,458,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,615,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,458,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,615,000 | |||
Atlanta, GA - 1900 Century Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 1900 Century Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2200 Century Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,381,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 18,663,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,432,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,231,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 18,663,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 18,663,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,381,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 18,663,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,381,000 | |||
Atlanta, GA - 2200 Century Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2200 Century Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2400 Century Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,177,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,100,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 406,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,694,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 406,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,694,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,100,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,177,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,100,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,177,000 | |||
Atlanta, GA - 2400 Century Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2400 Century Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2500 Century Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,015,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,670,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 328,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 14,342,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 328,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,342,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,670,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,015,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,670,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,015,000 | |||
Atlanta, GA - 2500 Century Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2500 Century Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2500/2635 Parking Garage [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,431,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,317,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,317,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,317,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,317,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,431,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,317,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,431,000 | |||
Atlanta, GA - 2500/2635 Parking Garage [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2500/2635 Parking Garage [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2600 Century Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,529,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,906,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,679,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,227,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,906,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,906,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,529,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,906,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,529,000 | |||
Atlanta, GA - 2600 Century Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2600 Century Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2635 Century Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 10,887,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 25,073,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,643,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,430,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 25,073,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 25,073,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 10,887,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 25,073,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 10,887,000 | |||
Atlanta, GA - 2635 Century Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2635 Century Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 2800 Century Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 11,559,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 33,217,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,449,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,768,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 33,217,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 33,217,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 11,559,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 33,217,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 11,559,000 | |||
Atlanta, GA - 2800 Century Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 2800 Century Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 50 Glenlake [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 9,654,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 25,896,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,500,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,006,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,390,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,500,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 23,396,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 25,896,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 9,654,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 25,896,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 9,654,000 | |||
Atlanta, GA - 50 Glenlake [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 50 Glenlake [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Bluegrass Valley Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,416,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 19,711,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -17,295,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,416,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,416,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,416,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Atlanta, GA - Century Plaza I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,654,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,198,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,290,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,567,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,341,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,290,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,908,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,198,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,654,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,198,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,654,000 | |||
Atlanta, GA - Century Plaza I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Century Plaza I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Century Plaza II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,010,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,037,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,380,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,733,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,924,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,380,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,657,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,037,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,010,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,037,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,010,000 | |||
Atlanta, GA - Century Plaza II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Century Plaza II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Federal Aviation Administration [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,421,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 17,783,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,196,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 1,416,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 15,171,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,612,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,171,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 17,783,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,421,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 17,783,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,421,000 | |||
Atlanta, GA - Federal Aviation Administration [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Federal Aviation Administration [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Henry County Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,023,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,010,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 13,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,023,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,023,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,023,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Atlanta, GA - Highwoods Center I at Tradeport [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 799,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,597,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 307,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 139,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,151,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 446,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,151,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,597,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 799,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,597,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 799,000 | |||
Atlanta, GA - Highwoods Center I at Tradeport [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Highwoods Center I at Tradeport [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Highwoods Center III at Tradeport [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 945,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,314,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 409,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 130,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,775,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 539,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,775,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,314,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 945,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,314,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 945,000 | |||
Atlanta, GA - Highwoods Center III at Tradeport [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Highwoods Center III at Tradeport [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Highwoods Riverpoint IV [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,037,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -1,037,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 0 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 0 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Atlanta, GA - Highwoods Riverpoint IV [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Highwoods Riverpoint IV [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 5405 Windward Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 13,733,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 50,737,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,342,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 32,111,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 15,284,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,342,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 47,395,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 50,737,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 13,733,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 50,737,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 13,733,000 | |||
Atlanta, GA - 5405 Windward Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 5405 Windward Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - River Point Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 327,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,712,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,250,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 3,913,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,549,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 11,163,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,549,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,712,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 327,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,712,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 327,000 | |||
Atlanta, GA - River Point Land [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - River Point Land [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Riverwood 100 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,117,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 79,412,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,785,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 64,913,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -29,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,743,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 5,756,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 73,656,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 79,412,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,117,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 79,412,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,117,000 | |||
Atlanta, GA - Riverwood 100 [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Riverwood 100 [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - South Park Residential Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 57,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 50,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 7,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 57,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 57,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 57,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Atlanta, GA - South Park Site Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,958,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,204,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 754,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,958,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,958,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,958,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Atlanta, GA - Tradeport Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,119,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,243,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -4,124,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,119,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,119,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,119,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Atlanta, GA - Two Point Royal [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,550,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 19,357,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,793,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,964,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,600,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,793,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 17,564,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 19,357,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,550,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 19,357,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,550,000 | |||
Atlanta, GA - Two Point Royal [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Two Point Royal [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - Two Alliance Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 11,540,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 138,285,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,579,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 125,549,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,157,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 9,579,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 128,706,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 138,285,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 11,540,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 138,285,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 11,540,000 | |||
Atlanta, GA - Two Alliance Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - Two Alliance Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - One Alliance Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,888,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 145,054,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 14,775,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 123,071,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,208,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 14,775,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 130,279,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 145,054,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,888,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 145,054,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,888,000 | |||
Atlanta, GA - One Alliance Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - One Alliance Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 10 Glenlake North [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,080,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 32,307,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,349,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,334,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 624,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 5,349,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 26,958,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 32,307,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,080,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 32,307,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,080,000 | |||
Atlanta, GA - 10 Glenlake North [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 10 Glenlake North [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Atlanta, GA - 10 Glenlake South [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,780,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 29,426,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,103,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,811,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,512,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 5,103,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 24,323,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 29,426,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,780,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 29,426,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,780,000 | |||
Atlanta, GA - 10 Glenlake South [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Atlanta, GA - 10 Glenlake South [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Kansas City, MO - Country Club Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 114,326,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 286,833,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 14,286,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 146,879,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -473,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 126,141,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 13,813,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 273,020,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 286,833,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 114,326,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 286,833,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 114,326,000 | |||
Kansas City, MO - Country Club Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Kansas City, MO - Country Club Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Kansas City, MO - Land - Hotel Land - Valencia [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,089,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 978,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 111,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,089,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,089,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,089,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Kansas City, MO - Park Plaza Building [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,480,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,629,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,384,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,410,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,835,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,384,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,245,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,629,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,480,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,629,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,480,000 | |||
Kansas City, MO - Park Plaza Building [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Kansas City, MO - Park Plaza Building [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Kansas City, MO - Two Emmanuel Cleaver Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,639,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,565,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 984,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,402,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,179,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 984,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,581,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,565,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,639,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,565,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,639,000 | |||
Kansas City, MO - Two Emmanuel Cleaver Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Kansas City, MO - Two Emmanuel Cleaver Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Kansas City, MO - Valencia Place Office [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 16,277,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 41,284,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,576,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 970,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 38,738,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,546,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 38,738,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 41,284,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 16,277,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 41,284,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 16,277,000 | |||
Kansas City, MO - Valencia Place Office [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Kansas City, MO - Valencia Place Office [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - 3400 Players Club Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,239,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,094,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,005,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 207,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,882,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,212,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,882,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,094,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,239,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,094,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,239,000 | |||
Memphis, TN - 3400 Players Club Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - 3400 Players Club Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Triad Centre I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,726,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 17,372,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,340,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,385,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -849,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,496,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,491,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,881,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 17,372,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,726,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 17,372,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,726,000 | |||
Memphis, TN - Triad Centre I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Triad Centre I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Triad Centre II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,732,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,734,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,980,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,677,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -404,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,481,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,576,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,158,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,734,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,732,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,734,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,732,000 | |||
Memphis, TN - Triad Centre II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Triad Centre II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Atrium I & II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,188,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,835,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,570,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,253,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,012,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,570,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,265,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,835,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,188,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,835,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,188,000 | |||
Memphis, TN - Atrium I & II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Atrium I & II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Centrum [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,957,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,405,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,013,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,580,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,812,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,013,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,392,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,405,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,957,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,405,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,957,000 | |||
Memphis, TN - Centrum [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Centrum [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Comcast [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,625,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,566,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 946,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,620,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 946,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,620,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,566,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,625,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,566,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,625,000 | |||
Memphis, TN - Comcast [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Comcast [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - International Place Phase II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,887,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 37,991,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,884,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,782,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,325,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,884,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 33,107,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 37,991,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,887,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 37,991,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 14,887,000 | |||
Memphis, TN - International Place Phase II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - International Place Phase II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - PennMarc Centre [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,630,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 16,708,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 6,258,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,607,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,240,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,861,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,607,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,101,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 16,708,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,630,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 16,708,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,630,000 | |||
Memphis, TN - PennMarc Centre [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - PennMarc Centre [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Shadow Creek I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,376,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,117,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 924,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 466,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,727,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,390,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,727,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,117,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,376,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,117,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,376,000 | |||
Memphis, TN - Shadow Creek I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Shadow Creek I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Shadow Creek II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,662,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,535,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 734,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 467,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,334,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,201,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,334,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,535,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,662,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,535,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,662,000 | |||
Memphis, TN - Shadow Creek II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Shadow Creek II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Southwind Office Center A [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,244,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,180,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,004,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,694,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 282,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,200,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,286,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,894,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,180,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,244,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,180,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,244,000 | |||
Memphis, TN - Southwind Office Center A [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Southwind Office Center A [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Southwind Office Center B [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,034,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,382,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,366,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,754,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,262,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,366,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,016,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,382,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,034,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,382,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,034,000 | |||
Memphis, TN - Southwind Office Center B [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Southwind Office Center B [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Southwind Office Center C [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,181,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,621,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,070,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 221,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,330,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,291,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,330,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,621,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,181,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,621,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,181,000 | |||
Memphis, TN - Southwind Office Center C [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Southwind Office Center C [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Southwind Office Center D [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,110,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,473,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 744,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 193,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,536,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 937,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,536,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,473,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,110,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,473,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,110,000 | |||
Memphis, TN - Southwind Office Center D [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Southwind Office Center D [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Colonnade [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,939,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,925,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,300,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,481,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 267,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,877,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,567,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,358,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,925,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,939,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,925,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,939,000 | |||
Memphis, TN - Colonnade [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Colonnade [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - ThyssenKrupp Elevator Mfg Headquarters [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,931,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,407,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,040,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 25,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,342,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,065,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,342,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,407,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,931,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,407,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,931,000 | |||
Memphis, TN - ThyssenKrupp Elevator Mfg Headquarters [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - ThyssenKrupp Elevator Mfg Headquarters [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Crescent Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,631,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 47,635,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 39,324,000 | [1] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,875,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 32,756,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -547,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,551,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 7,328,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 40,307,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 47,635,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,631,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 47,635,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,631,000 | |||
Memphis, TN - Crescent Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Crescent Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Southwind Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,185,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,662,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -1,477,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,185,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,185,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,185,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Memphis, TN - Triad Center III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,732,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 38,056,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,253,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 36,803,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,253,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 36,803,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 38,056,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,732,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 38,056,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,732,000 | |||
Memphis, TN - Triad Center III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Triad Center III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Capital Grille [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 246,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,613,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 39,324,000 | [1] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 311,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,302,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 311,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,302,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,613,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 246,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,613,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 246,000 | |||
Memphis, TN - Capital Grille [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Capital Grille [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Memphis, TN - Seasons 52 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 282,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,061,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 39,324,000 | [1] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 320,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,741,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 320,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,741,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,061,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 282,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,061,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 282,000 | |||
Memphis, TN - Seasons 52 [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Memphis, TN - Seasons 52 [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - 3322 West End [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 12,116,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 34,352,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,025,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,490,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,837,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,025,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 31,327,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 34,352,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 12,116,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 34,352,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 12,116,000 | |||
Nashville, TN - 3322 West End [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - 3322 West End [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - 3401 West End [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,930,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 34,737,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,862,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,917,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,958,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 5,862,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 28,875,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 34,737,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,930,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 34,737,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 14,930,000 | |||
Nashville, TN - 3401 West End [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - 3401 West End [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - 5310 Maryland Way [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,525,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,875,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,863,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,201,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,811,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,863,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,012,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,875,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,525,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,875,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,525,000 | |||
Nashville, TN - 5310 Maryland Way [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - 5310 Maryland Way [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs 1 & 2 Deck [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 709,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,957,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,957,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,957,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,957,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 709,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,957,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 709,000 | |||
Nashville, TN - Cool Springs 1 & 2 Deck [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs 1 & 2 Deck [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs 3 &4 Deck [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 856,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,418,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,418,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,418,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,418,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 856,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,418,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 856,000 | |||
Nashville, TN - Cool Springs 3 &4 Deck [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs 3 &4 Deck [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,989,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,710,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,583,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 15,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 13,112,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,598,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,112,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,710,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,989,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,710,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,989,000 | |||
Nashville, TN - Cool Springs I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,808,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 19,861,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,824,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 346,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 17,691,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,170,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 17,691,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 19,861,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,808,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 19,861,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,808,000 | |||
Nashville, TN - Cool Springs II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,956,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 18,296,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,631,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 804,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 15,861,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,435,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,861,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 18,296,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,956,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 18,296,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,956,000 | |||
Nashville, TN - Cool Springs III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs IV [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,091,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 20,945,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,715,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 19,230,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,715,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 19,230,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 20,945,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,091,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 20,945,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,091,000 | |||
Nashville, TN - Cool Springs IV [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs IV [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Cool Springs V Healthways [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 12,153,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 56,931,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,688,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 295,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 52,948,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,983,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 52,948,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 56,931,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 12,153,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 56,931,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 12,153,000 | |||
Nashville, TN - Cool Springs V Healthways [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Cool Springs V Healthways [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Harpeth on the Green II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,484,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,951,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,419,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,677,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,855,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,419,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,532,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,951,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,484,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,951,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,484,000 | |||
Nashville, TN - Harpeth on the Green II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Harpeth on the Green II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Harpeth on the Green III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,508,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,588,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,660,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,649,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,279,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,660,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,928,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,588,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,508,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,588,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,508,000 | |||
Nashville, TN - Harpeth on the Green III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Harpeth on the Green III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Harpeth on the Green IV [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,985,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,156,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,713,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,842,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,601,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,713,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,443,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,156,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,985,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,156,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,985,000 | |||
Nashville, TN - Harpeth on the Green IV [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Harpeth on the Green IV [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Harpeth on The Green V [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,783,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,998,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 662,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 197,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,139,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 859,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,139,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,998,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,783,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,998,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,783,000 | |||
Nashville, TN - Harpeth on The Green V [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Harpeth on The Green V [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Hickory Trace [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,477,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,812,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,164,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 164,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,484,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,328,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,484,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,812,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,477,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,812,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,477,000 | |||
Nashville, TN - Hickory Trace [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Hickory Trace [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Highwoods Plaza I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,779,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,754,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,552,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 307,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,895,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,859,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,895,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,754,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,779,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,754,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,779,000 | |||
Nashville, TN - Highwoods Plaza I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Highwoods Plaza I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Highwoods Plaza II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,538,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,550,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,448,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 307,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,795,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,755,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,795,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,550,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,538,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,550,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,538,000 | |||
Nashville, TN - Highwoods Plaza II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Highwoods Plaza II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Seven Springs - Land II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,229,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,715,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -1,486,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,229,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,229,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,229,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Nashville, TN - Seven Springs I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,734,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,381,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,076,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 592,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 11,713,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,668,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,713,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,381,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,734,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,381,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,734,000 | |||
Nashville, TN - Seven Springs I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Seven Springs I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - SouthPointe [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,803,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,984,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,655,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 310,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,019,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,965,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,019,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,984,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,803,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,984,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,803,000 | |||
Nashville, TN - SouthPointe [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - SouthPointe [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - The Ramparts of Brentwood [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,944,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 17,318,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,394,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,806,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,118,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,394,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,924,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 17,318,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,944,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 17,318,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,944,000 | |||
Nashville, TN - The Ramparts of Brentwood [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - The Ramparts of Brentwood [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Westwood South [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,382,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 11,169,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,106,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 382,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,681,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,488,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,681,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 11,169,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,382,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 11,169,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,382,000 | |||
Nashville, TN - Westwood South [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Westwood South [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - 100 Winners Circle [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,813,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,452,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,497,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,258,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,697,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,497,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,955,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,452,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,813,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,452,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,813,000 | |||
Nashville, TN - 100 Winners Circle [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - 100 Winners Circle [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - The Pinnacle at Symphony Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,904,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 145,507,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 141,469,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,038,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 145,507,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 145,507,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,904,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 145,507,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,904,000 | |||
Nashville, TN - The Pinnacle at Symphony Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - The Pinnacle at Symphony Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - Seven Springs East [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,347,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 40,004,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 2,525,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 37,479,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,525,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 37,479,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 40,004,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,347,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 40,004,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,347,000 | |||
Nashville, TN - Seven Springs East [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - Seven Springs East [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Nashville, TN - The Shops at Seven Springs [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 297,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,833,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 803,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,030,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 803,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,030,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,833,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 297,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,833,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 297,000 | |||
Nashville, TN - The Shops at Seven Springs [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Nashville, TN - The Shops at Seven Springs [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando, FL - Berkshire at MetroCenter [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,813,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,622,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,265,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 672,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,685,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,937,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,685,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,622,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,813,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,622,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,813,000 | |||
Orlando, FL - Berkshire at MetroCenter [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando, FL - Berkshire at MetroCenter [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando, FL - Capital Plaza III Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,012,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,994,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 18,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,012,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,012,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,012,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Orlando, FL - Eola Park Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,027,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,027,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,027,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,027,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,027,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Orlando, FL - Oxford Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,151,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,100,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 51,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,151,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,151,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,151,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Orlando, FL - Stratford Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,886,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,034,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -148,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,886,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,886,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,886,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Orlando, FL - Windsor at Metro Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,281,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,099,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 2,060,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,039,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,060,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,039,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,099,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,281,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,099,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,281,000 | |||
Orlando, FL - Windsor at Metro Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando, FL - Windsor at Metro Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
South Florida - The 1800 Eller Drive Building [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,514,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,929,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,851,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,078,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,929,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,929,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,514,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,929,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,514,000 | |||
South Florida - The 1800 Eller Drive Building [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
South Florida - The 1800 Eller Drive Building [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando - Seaside Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,020,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 36,717,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,893,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,541,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,283,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,893,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 32,824,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 36,717,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,020,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 36,717,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,020,000 | |||
Orlando - Seaside Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando - Seaside Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando - Capital Plaza Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,477,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 49,900,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,346,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 43,394,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,160,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,346,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 45,554,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 49,900,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,477,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 49,900,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,477,000 | |||
Orlando - Capital Plaza Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando - Capital Plaza Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando - Capital Plaza One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,909,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 31,878,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,482,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,321,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,075,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,482,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 28,396,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 31,878,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,909,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 31,878,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,909,000 | |||
Orlando - Capital Plaza One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando - Capital Plaza One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando - Landmark Center Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,434,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 28,536,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,743,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,031,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,762,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,743,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 23,793,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 28,536,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,434,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 28,536,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,434,000 | |||
Orlando - Landmark Center Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando - Landmark Center Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Orlando - Landmark Center One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,679,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 29,940,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,207,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,655,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,078,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 6,207,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 23,733,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 29,940,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,679,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 29,940,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,679,000 | |||
Orlando - Landmark Center One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Orlando - Landmark Center One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
South Florida - Lincoln Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 166,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 59,569,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 3,490,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 56,079,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,490,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 56,079,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 59,569,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 166,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 59,569,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 166,000 | |||
South Florida - Lincoln Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
South Florida - Lincoln Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 6348 Burnt Poplar [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,559,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,878,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 724,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,900,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 254,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 724,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,154,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,878,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,559,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,878,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,559,000 | |||
Greensboro, NC - 6348 Burnt Poplar [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 6348 Burnt Poplar [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 6350 Burnt Poplar [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 787,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,038,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 341,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,374,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 323,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 341,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,697,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,038,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 787,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,038,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 787,000 | |||
Greensboro, NC - 6350 Burnt Poplar [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 6350 Burnt Poplar [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 420 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 935,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,365,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 379,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,516,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 470,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 379,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,986,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,365,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 935,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,365,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 935,000 | |||
Greensboro, NC - 420 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 420 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 418 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,114,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,899,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 462,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,849,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 588,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 462,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,437,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,899,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,114,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,899,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,114,000 | |||
Greensboro, NC - 418 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 418 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 416 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 876,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,047,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 322,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,293,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 432,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 322,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,725,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,047,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 876,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,047,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 876,000 | |||
Greensboro, NC - 416 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 416 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7031 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,508,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,741,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 510,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,921,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,310,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 510,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,231,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,741,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,508,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,741,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,508,000 | |||
Greensboro, NC - 7031 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7031 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7029 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,241,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,495,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 739,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,237,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,519,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 739,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,756,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,495,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,241,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,495,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,241,000 | |||
Greensboro, NC - 7029 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7029 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7025 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,497,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 16,511,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,393,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,576,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,542,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,393,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,118,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 16,511,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,497,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 16,511,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,497,000 | |||
Greensboro, NC - 7025 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7025 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7027 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,749,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,565,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 850,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 699,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,016,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,549,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,016,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,565,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,749,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,565,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,749,000 | |||
Greensboro, NC - 7027 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7027 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7009 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 572,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,498,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 224,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,068,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 206,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 224,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,274,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,498,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 572,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,498,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 572,000 | |||
Greensboro, NC - 7009 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7009 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 426 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 494,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,015,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 465,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 380,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,170,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 845,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,170,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,015,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 494,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,015,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 494,000 | |||
Greensboro, NC - 426 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 426 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC -422 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 684,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,564,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 145,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,081,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 338,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 145,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,419,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,564,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 684,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,564,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 684,000 | |||
Greensboro, NC -422 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC -422 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 406 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 504,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,529,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 265,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 270,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 994,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 535,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 994,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,529,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 504,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,529,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 504,000 | |||
Greensboro, NC - 406 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 406 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7021 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 643,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,620,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 237,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,103,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 280,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 237,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,383,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,620,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 643,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,620,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 643,000 | |||
Greensboro, NC - 7021 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7021 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7019 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 581,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,330,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 192,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 946,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 192,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 192,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,138,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,330,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 581,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,330,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 581,000 | |||
Greensboro, NC - 7019 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7019 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7015 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 759,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,880,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 305,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,219,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 356,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 305,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,575,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,880,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 759,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,880,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 759,000 | |||
Greensboro, NC - 7015 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7015 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7017 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 550,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,350,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 225,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 928,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 197,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 225,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,125,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,350,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 550,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,350,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 550,000 | |||
Greensboro, NC - 7017 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7017 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7011 Albert Pick Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 514,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,190,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 171,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 777,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 242,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 171,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,019,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,190,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 514,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,190,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 514,000 | |||
Greensboro, NC - 7011 Albert Pick Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7011 Albert Pick Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 424 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 345,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,329,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 271,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 239,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 819,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 510,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 819,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,329,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 345,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,329,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 345,000 | |||
Greensboro, NC - 424 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 424 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 410 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 966,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,530,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 356,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,613,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 561,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 356,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,174,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,530,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 966,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,530,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 966,000 | |||
Greensboro, NC - 410 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 410 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 412 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 927,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,326,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 374,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,523,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 429,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 374,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,952,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,326,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 927,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,326,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 927,000 | |||
Greensboro, NC - 412 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 412 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 408 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,174,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,482,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 341,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,486,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 655,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 341,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,141,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,482,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,174,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,482,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,174,000 | |||
Greensboro, NC - 408 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 408 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 414 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,690,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,998,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 659,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,676,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 663,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 659,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,339,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,998,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,690,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,998,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,690,000 | |||
Greensboro, NC - 414 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 414 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 237 Burgess Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,842,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,458,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 860,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,919,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 679,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 860,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,598,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,458,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,842,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,458,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,842,000 | |||
Greensboro, NC - 237 Burgess Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 237 Burgess Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 235 Burgess Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,825,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,718,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,302,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,392,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,024,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,302,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,416,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,718,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,825,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,718,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,825,000 | |||
Greensboro, NC - 235 Burgess Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 235 Burgess Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 241 Burgess Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,293,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,972,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 450,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,517,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,005,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 450,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,522,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,972,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,293,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,972,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,293,000 | |||
Greensboro, NC - 241 Burgess Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 241 Burgess Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 243 Burgess Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 859,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,123,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 452,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,514,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 157,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 452,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,671,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,123,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 859,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,123,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 859,000 | |||
Greensboro, NC - 243 Burgess Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 243 Burgess Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 496 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,261,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,226,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 546,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,680,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 546,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,680,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,226,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,261,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,226,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,261,000 | |||
Greensboro, NC - 496 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 496 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 494 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 983,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,266,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 749,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,517,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 749,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,517,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,266,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 983,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,266,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 983,000 | |||
Greensboro, NC - 494 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 494 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 486 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 844,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,876,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 603,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,273,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 603,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,273,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,876,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 844,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,876,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 844,000 | |||
Greensboro, NC - 486 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 486 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 488 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 740,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,569,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 499,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,070,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 499,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,070,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,569,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 740,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,569,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 740,000 | |||
Greensboro, NC - 488 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 488 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 490 Gallimore Dairy Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,184,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,640,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,733,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,907,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,733,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,907,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,640,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,184,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,640,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,184,000 | |||
Greensboro, NC - 490 Gallimore Dairy Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 490 Gallimore Dairy Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - Brigham Road - Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,339,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,059,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -3,720,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,339,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,339,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,339,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Greensboro, NC - 651 Brigham Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,069,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,798,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 453,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 360,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,985,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 813,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,985,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,798,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,069,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,798,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,069,000 | |||
Greensboro, NC - 651 Brigham Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 651 Brigham Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 657 Brigham Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,649,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,716,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,733,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 881,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 11,102,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,614,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,102,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,716,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,649,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,716,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,649,000 | |||
Greensboro, NC - 657 Brigham Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 657 Brigham Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 653 Brigham Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 633,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,401,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 814,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,587,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 814,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,587,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,401,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 633,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,401,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 633,000 | |||
Greensboro, NC - 653 Brigham Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 653 Brigham Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 1501 Highwoods Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,554,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,434,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,476,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,958,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,476,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,958,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,434,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,554,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,434,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,554,000 | |||
Greensboro, NC - 1501 Highwoods Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 1501 Highwoods Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - Jefferson Pilot Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,448,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,759,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -4,311,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 7,448,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,448,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,448,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Greensboro, NC - 4200 Tudor Lane [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,017,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,153,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 515,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 383,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,255,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 898,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,255,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,153,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,017,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,153,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,017,000 | |||
Greensboro, NC - 4200 Tudor Lane [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 4200 Tudor Lane [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 4224 Tudor Lane [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 770,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,804,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 435,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 288,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,081,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 723,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,081,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,804,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 770,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,804,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 770,000 | |||
Greensboro, NC - 4224 Tudor Lane [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 4224 Tudor Lane [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 7023 Albert Pick [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,985,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,045,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 834,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,459,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 752,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 834,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,211,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,045,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,985,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,045,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,985,000 | |||
Greensboro, NC - 7023 Albert Pick [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 7023 Albert Pick [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 370 Knollwood Street [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,613,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,825,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,826,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,495,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,504,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,826,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,999,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,825,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,613,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,825,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,613,000 | |||
Greensboro, NC - 370 Knollwood Street [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 370 Knollwood Street [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 380 Knollwood Street [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,774,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 18,857,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,989,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,029,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,839,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,989,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,868,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 18,857,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,774,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 18,857,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,774,000 | |||
Greensboro, NC - 380 Knollwood Street [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 380 Knollwood Street [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 799 Hanes Mall Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,939,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,026,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,450,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,375,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 201,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,450,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,576,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,026,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,939,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,026,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,939,000 | |||
Greensboro, NC - 799 Hanes Mall Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 799 Hanes Mall Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 3901 Westpoint Boulevard [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 737,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,864,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 347,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,389,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 128,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 347,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,517,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,864,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 737,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,864,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 737,000 | |||
Greensboro, NC - 3901 Westpoint Boulevard [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 3901 Westpoint Boulevard [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - Church Street Medical Center I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 663,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,058,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,734,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,129,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 195,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,734,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,324,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,058,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 663,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,058,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 663,000 | |||
Greensboro, NC - Church Street Medical Center I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - Church Street Medical Center I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - Church Street Medical Center II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 626,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,869,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,376,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,451,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 42,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,376,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,493,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,869,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 626,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,869,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 626,000 | |||
Greensboro, NC - Church Street Medical Center II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - Church Street Medical Center II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - Church Street Medical Center III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 463,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,589,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 925,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,551,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 113,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 925,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,664,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,589,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 463,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,589,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 463,000 | |||
Greensboro, NC - Church Street Medical Center III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - Church Street Medical Center III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 628 Green Valley [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 763,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,809,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,906,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,141,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 762,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,906,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,903,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,809,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 763,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,809,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 763,000 | |||
Greensboro, NC - 628 Green Valley [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 628 Green Valley [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Greensboro, NC - 701 Green Valley [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 738,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,265,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,787,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,719,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 759,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,787,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,478,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,265,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 738,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,265,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 738,000 | |||
Greensboro, NC - 701 Green Valley [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Greensboro, NC - 701 Green Valley [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - One PPG Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,851,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 150,819,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 115,229,000 | [3] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,819,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 107,643,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 33,357,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 9,819,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 141,000,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 150,819,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,851,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 150,819,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 14,851,000 | |||
Pittsburgh, PA - One PPG Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - One PPG Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - Two PPG Place - Office [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,451,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,670,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 115,229,000 | [3] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,302,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,978,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,390,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,302,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,368,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,670,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,451,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,670,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,451,000 | |||
Pittsburgh, PA - Two PPG Place - Office [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - Two PPG Place - Office [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - Three PPG Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 457,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,372,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 115,229,000 | [3] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 501,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,923,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,948,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 501,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,871,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,372,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 457,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,372,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 457,000 | |||
Pittsburgh, PA - Three PPG Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - Three PPG Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - Four PPG Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 494,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,795,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 115,229,000 | [3] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 620,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,239,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 936,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 620,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,175,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,795,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 494,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,795,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 494,000 | |||
Pittsburgh, PA - Four PPG Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - Four PPG Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - Five PPG Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 844,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,266,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 115,229,000 | [3] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 803,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,924,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,539,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 803,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,463,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,266,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 844,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,266,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 844,000 | |||
Pittsburgh, PA - Five PPG Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - Five PPG Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - Six PPG Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,890,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 35,388,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 115,229,000 | [3] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,353,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,602,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,433,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,353,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 32,035,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 35,388,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,890,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 35,388,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,890,000 | |||
Pittsburgh, PA - Six PPG Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - Six PPG Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Pittsburgh, PA - EQT Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,229,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 89,977,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 83,812,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,165,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 89,977,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 89,977,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,229,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 89,977,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,229,000 | |||
Pittsburgh, PA - EQT Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Pittsburgh, PA - EQT Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 3600 Glenwood Avenue [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,969,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,723,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,994,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,729,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,723,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,723,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,969,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,723,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,969,000 | |||
Raleigh, NC - 3600 Glenwood Avenue [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 3600 Glenwood Avenue [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 3737 Glenwood Avenue [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,910,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,740,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 318,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 15,422,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 318,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,422,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,740,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,910,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,740,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,910,000 | |||
Raleigh, NC - 3737 Glenwood Avenue [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 3737 Glenwood Avenue [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 4800 North Park [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 13,143,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 27,906,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,678,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,630,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,598,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,678,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 25,228,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 27,906,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 13,143,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 27,906,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 13,143,000 | |||
Raleigh, NC - 4800 North Park [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 4800 North Park [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 4900 North Park [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,552,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,580,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 770,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,983,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,827,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 770,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,810,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,580,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,552,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,580,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,552,000 | |||
Raleigh, NC - 4900 North Park [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 4900 North Park [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 5000 North Park [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,957,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,253,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,010,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,612,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -49,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,680,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 961,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,292,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,253,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,957,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,253,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,957,000 | |||
Raleigh, NC - 5000 North Park [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 5000 North Park [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 801 Raleigh Corporate Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,306,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 11,090,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 828,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 272,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 9,990,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,100,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,990,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 11,090,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,306,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 11,090,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,306,000 | |||
Raleigh, NC - 801 Raleigh Corporate Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 801 Raleigh Corporate Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Blue Ridge I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,969,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,663,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 722,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,606,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,335,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 722,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,941,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,663,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,969,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,663,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,969,000 | |||
Raleigh, NC - Blue Ridge I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Blue Ridge I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Blue Ridge II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,254,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,451,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 462,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,410,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 579,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 462,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 1,989,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,451,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,254,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,451,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,254,000 | |||
Raleigh, NC - Blue Ridge II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Blue Ridge II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Cape Fear [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,206,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,579,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 131,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,630,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -2,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 820,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 129,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,450,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,579,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,206,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,579,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,206,000 | |||
Raleigh, NC - Cape Fear [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Cape Fear [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Catawba [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,224,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,973,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 125,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,635,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -2,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,215,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 123,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,850,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,973,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,224,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,973,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,224,000 | |||
Raleigh, NC - Catawba [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Catawba [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - CentreGreen One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,601,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 11,382,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,529,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -391,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 10,244,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,138,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,244,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 11,382,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,601,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 11,382,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,601,000 | |||
Raleigh, NC - CentreGreen One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - CentreGreen One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - CentreGreen Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,727,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,351,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,653,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -389,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 9,087,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,264,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,087,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,351,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,727,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,351,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,727,000 | |||
Raleigh, NC - CentreGreen Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - CentreGreen Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - CentreGreen Three - Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,291,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,876,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -585,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,291,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,291,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,291,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - CentreGreen Four [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,588,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,839,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,779,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -397,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 13,457,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,382,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,457,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,839,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,588,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,839,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,588,000 | |||
Raleigh, NC - CentreGreen Four [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - CentreGreen Four [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - CentreGreen Five [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,556,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 14,067,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,280,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 55,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,732,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,335,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,732,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 14,067,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,556,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 14,067,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,556,000 | |||
Raleigh, NC - CentreGreen Five [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - CentreGreen Five [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Cottonwood [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,947,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,287,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 609,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,244,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 434,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 609,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,678,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,287,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,947,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,287,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,947,000 | |||
Raleigh, NC - Cottonwood [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Cottonwood [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Dogwood [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,721,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,926,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 766,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,769,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 391,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 766,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,160,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,926,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,721,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,926,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,721,000 | |||
Raleigh, NC - Dogwood [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Dogwood [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - GlenLake Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 39,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,758,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 13,003,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -8,359,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 114,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,644,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 114,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,758,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 39,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,758,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 39,000 | |||
Raleigh, NC - GlenLake Land [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - GlenLake Land [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - GlenLake One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,365,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 22,585,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 924,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 1,324,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 20,337,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,248,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 20,337,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 22,585,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,365,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 22,585,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,365,000 | |||
Raleigh, NC - GlenLake One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - GlenLake One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - GlenLake Four [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,122,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 23,879,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,659,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 493,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 21,727,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,152,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 21,727,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 23,879,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,122,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 23,879,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,122,000 | |||
Raleigh, NC - GlenLake Four [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - GlenLake Four [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - GlenLake Six [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,395,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 22,755,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 941,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -365,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 22,179,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 576,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 22,179,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 22,755,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,395,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 22,755,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,395,000 | |||
Raleigh, NC - GlenLake Six [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - GlenLake Six [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 701 Raleigh Corporate Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,824,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,800,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,304,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 540,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 13,956,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,844,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,956,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,800,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,824,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,800,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,824,000 | |||
Raleigh, NC - 701 Raleigh Corporate Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 701 Raleigh Corporate Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Highwoods Centre [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,495,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,511,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 531,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -267,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,247,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 264,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,247,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,511,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,495,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,511,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,495,000 | |||
Raleigh, NC - Highwoods Centre [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Highwoods Centre [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Highwoods Office Center North Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 33,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 406,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 357,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 49,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 357,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 49,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 406,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 33,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 406,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 33,000 | |||
Raleigh, NC - Highwoods Office Center North Land [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Highwoods Office Center North Land [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Highwoods Tower One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 11,567,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 20,850,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 203,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,744,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,903,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 203,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 20,647,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 20,850,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 11,567,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 20,850,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 11,567,000 | |||
Raleigh, NC - Highwoods Tower One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Highwoods Tower One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Highwoods Tower Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,383,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 22,317,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 365,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 503,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 21,449,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 868,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 21,449,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 22,317,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,383,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 22,317,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,383,000 | |||
Raleigh, NC - Highwoods Tower Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Highwoods Tower Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Inveresk Land Parcel 2 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 695,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 657,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 38,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 695,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 695,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 695,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - Lake Boone Medical Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 934,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,910,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,450,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,311,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 149,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,450,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,460,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,910,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 934,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,910,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 934,000 | |||
Raleigh, NC - Lake Boone Medical Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Lake Boone Medical Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 4620 Creekstone Drive [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,257,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,586,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 149,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 107,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,330,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 256,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,330,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,586,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,257,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,586,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,257,000 | |||
Raleigh, NC - 4620 Creekstone Drive [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 4620 Creekstone Drive [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 4825 Creekstone Drive [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,962,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,730,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 398,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 293,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 10,039,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 691,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,039,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,730,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,962,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,730,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,962,000 | |||
Raleigh, NC - 4825 Creekstone Drive [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 4825 Creekstone Drive [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Pamlico [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 10,664,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,034,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 289,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 14,745,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 289,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,745,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,034,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 10,664,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,034,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 10,664,000 | |||
Raleigh, NC - Pamlico [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Pamlico [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - ParkWest One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,097,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,532,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 242,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,290,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 242,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,290,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,532,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,097,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,532,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,097,000 | |||
Raleigh, NC - ParkWest One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - ParkWest One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - ParkWest Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,908,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,478,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 356,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,122,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 356,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,122,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,478,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,908,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,478,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,908,000 | |||
Raleigh, NC - ParkWest Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - ParkWest Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - ParkWest Three - Land - Weston [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 385,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 306,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 79,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 385,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 385,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 385,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - Progress Center Renovation [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 270,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 362,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 362,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 362,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 362,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 270,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 362,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 270,000 | |||
Raleigh, NC - Progress Center Renovation [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Progress Center Renovation [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Raleigh Corp Center Lot D [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,219,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,211,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 8,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,219,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,219,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,219,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - PNC Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,760,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 73,418,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 44,501,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,206,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 72,212,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,206,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 72,212,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 73,418,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 14,760,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 73,418,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 14,760,000 | |||
Raleigh, NC - PNC Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - PNC Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Rexwoods Center I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,143,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,950,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 878,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,730,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,342,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 878,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,072,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,950,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,143,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,950,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,143,000 | |||
Raleigh, NC - Rexwoods Center I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Rexwoods Center I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Rexwoods Center II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,190,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,221,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 362,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,818,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,041,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 362,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,859,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,221,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,190,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,221,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,190,000 | |||
Raleigh, NC - Rexwoods Center II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Rexwoods Center II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Rexwoods Center III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,181,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,590,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 919,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,816,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 855,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 919,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,671,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,590,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,181,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,590,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,181,000 | |||
Raleigh, NC - Rexwoods Center III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Rexwoods Center III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Rexwoods Center IV [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,931,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,917,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 586,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,331,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 586,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,331,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,917,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,931,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,917,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,931,000 | |||
Raleigh, NC - Rexwoods Center IV [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Rexwoods Center IV [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Rexwoods Center V [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,463,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,740,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,301,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 184,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,255,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,485,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,255,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,740,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,463,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,740,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,463,000 | |||
Raleigh, NC - Rexwoods Center V [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Rexwoods Center V [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Riverbirch [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,136,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,734,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 469,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,038,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 23,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,204,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 492,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,242,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,734,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,136,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,734,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,136,000 | |||
Raleigh, NC - Riverbirch [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Riverbirch [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Situs I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,558,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,445,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 692,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,646,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 178,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -1,071,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 870,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,575,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,445,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,558,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,445,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,558,000 | |||
Raleigh, NC - Situs I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Situs I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Situs II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,088,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,055,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 718,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,254,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 181,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -1,098,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 899,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,156,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,055,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,088,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,055,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,088,000 | |||
Raleigh, NC - Situs II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Situs II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Situs III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 939,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,370,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 440,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,078,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 119,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -1,267,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 559,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,811,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,370,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 939,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,370,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 939,000 | |||
Raleigh, NC - Situs III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Situs III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Six Forks Center I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,066,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,958,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 666,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,665,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,627,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 666,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 4,292,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,958,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,066,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,958,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,066,000 | |||
Raleigh, NC - Six Forks Center I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Six Forks Center I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Six Forks Center II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,284,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,809,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,086,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,533,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,190,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,086,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,723,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,809,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,284,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,809,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,284,000 | |||
Raleigh, NC - Six Forks Center II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Six Forks Center II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Six Forks Center III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,502,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,833,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 862,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,411,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,560,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 862,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,971,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,833,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,502,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,833,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,502,000 | |||
Raleigh, NC - Six Forks Center III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Six Forks Center III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Smoketree Tower [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,722,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 19,654,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,353,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,743,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,558,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,353,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 17,301,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 19,654,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,722,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 19,654,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,722,000 | |||
Raleigh, NC - Smoketree Tower [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - Smoketree Tower [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 4601 Creekstone Drive [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,315,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,894,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 255,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 217,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,422,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 472,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,422,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,894,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,315,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,894,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,315,000 | |||
Raleigh, NC - 4601 Creekstone Drive [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 4601 Creekstone Drive [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Weston Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 25,310,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 22,771,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -10,271,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,810,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 12,500,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,810,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 25,310,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 25,310,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - 4625 Creekstone Drive [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,458,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,200,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 458,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 268,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,474,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 726,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,474,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,200,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,458,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,200,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,458,000 | |||
Raleigh, NC - 4625 Creekstone Drive [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 4625 Creekstone Drive [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 11000 Weston Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,118,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 21,727,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,651,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,850,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 226,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,651,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 19,076,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 21,727,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,118,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 21,727,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,118,000 | |||
Raleigh, NC - 11000 Weston Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 11000 Weston Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - GlenLake Five [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 29,613,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 2,263,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 27,350,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,263,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 27,350,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 29,613,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 29,613,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - GlenLake Five [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - GlenLake Five [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - 11800 Weston Parkway [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 170,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 170,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 170,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 170,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 170,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Raleigh, NC - 11800 Weston Parkway [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - 11800 Weston Parkway [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - CentreGreen Cafe [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,415,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,415,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,415,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,415,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,415,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,000 | |||
Raleigh, NC - CentreGreen Cafe [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - CentreGreen Cafe [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - CentreGreen Fitness Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 2,221,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,221,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 2,221,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 2,221,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 2,221,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,000 | |||
Raleigh, NC - CentreGreen Fitness Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - CentreGreen Fitness Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - One Bank of America Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 835,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 79,663,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 11,288,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 68,375,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 11,288,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 68,375,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 79,663,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 835,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 79,663,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 835,000 | |||
Raleigh, NC - One Bank of America Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Raleigh, NC - One Bank of America Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Raleigh, NC - Other Property [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,788,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,360,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 24,976,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,493,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -23,151,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -5,958,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,825,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,535,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,360,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,788,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,360,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,788,000 | |||
Richmond, VA - 4900 Cox Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,971,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,341,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,324,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,311,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 15,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,691,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,339,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,002,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,341,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,971,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,341,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,971,000 | |||
Richmond, VA - 4900 Cox Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - 4900 Cox Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Colonnade Building [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,263,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,633,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,364,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,105,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,164,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,364,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,269,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,633,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,263,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,633,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,263,000 | |||
Richmond, VA - Colonnade Building [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Colonnade Building [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Dominion Place - Pitts Parcel - Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 436,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,101,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -665,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 436,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 436,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 436,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - Markel 4521 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,276,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,356,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,581,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,299,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 168,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -1,692,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,749,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,607,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,356,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,276,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,356,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,276,000 | |||
Richmond, VA - Markel 4521 [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Markel 4521 [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Hamilton Beach/Proctor Silex [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,618,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,469,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,086,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,345,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 10,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,028,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,096,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,373,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,469,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,618,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,469,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,618,000 | |||
Richmond, VA - Hamilton Beach/Proctor Silex [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Hamilton Beach/Proctor Silex [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Highwoods Commons [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,401,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,656,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 521,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 458,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,677,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 979,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,677,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,656,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,401,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,656,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,401,000 | |||
Richmond, VA - Highwoods Commons [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Highwoods Commons [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Highwoods One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,177,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,973,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,688,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 22,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 11,263,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,710,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,263,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,973,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,177,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,973,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,177,000 | |||
Richmond, VA - Highwoods One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Highwoods One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Highwoods Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,737,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,145,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 786,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 226,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,133,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,012,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,133,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,145,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,737,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,145,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,737,000 | |||
Richmond, VA - Highwoods Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Highwoods Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Highwoods Five [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,370,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,263,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 783,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 11,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,469,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 794,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,469,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,263,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,370,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,263,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,370,000 | |||
Richmond, VA - Highwoods Five [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Highwoods Five [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Highwoods Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,292,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,008,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 909,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 187,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,912,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,096,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,912,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,008,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,292,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,008,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,292,000 | |||
Richmond, VA - Highwoods Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Highwoods Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Markel 4551 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | -144,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,300,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,958,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -1,444,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -6,958,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | -144,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | -144,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | -144,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - Markel 4551 [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Markel 4551 [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Innslake Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,970,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,500,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 845,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 195,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,460,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,040,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,460,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,500,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,970,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,500,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,970,000 | |||
Richmond, VA - Innslake Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Innslake Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Highwoods Centre [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,733,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,157,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,205,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,825,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,127,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,205,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,952,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,157,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,733,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,157,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,733,000 | |||
Richmond, VA - Highwoods Centre [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Highwoods Centre [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Markel 4501 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,544,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,409,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,300,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,259,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 213,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -4,363,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,513,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,896,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,409,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,544,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,409,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,544,000 | |||
Richmond, VA - Markel 4501 [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Markel 4501 [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Markel 4600 [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,205,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,572,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,700,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,081,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 169,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -5,378,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,869,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,703,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,572,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,205,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,572,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,205,000 | |||
Richmond, VA - Markel 4600 [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Markel 4600 [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - North Park [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,760,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,926,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,163,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,659,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 6,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,098,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,169,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,757,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,926,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,760,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,926,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,760,000 | |||
Richmond, VA - North Park [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - North Park [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - North Shore Commons I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,848,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,231,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 951,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 17,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 11,263,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 968,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,263,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,231,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,848,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,231,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,848,000 | |||
Richmond, VA - North Shore Commons I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - North Shore Commons I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - North Shore Commons II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,987,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,088,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,067,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -89,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 10,110,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,978,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,110,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,088,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,987,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,088,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,987,000 | |||
Richmond, VA - North Shore Commons II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - North Shore Commons II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - North Shore Commons C - Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,512,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,497,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 15,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,512,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,512,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,512,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - North Shore Commons D - Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,261,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,261,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,261,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,261,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,261,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - Nuckols Corner Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,462,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,259,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 203,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,462,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,462,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,462,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - One Shockoe Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,493,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,935,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 356,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 15,579,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 356,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 15,579,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,935,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,493,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,935,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,493,000 | |||
Richmond, VA - One Shockoe Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - One Shockoe Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Pavilion Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 201,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 181,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 46,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 20,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -46,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 201,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 201,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 201,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - Lake Brook Commons [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,363,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 12,667,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,600,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,864,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 21,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,182,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,621,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,046,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 12,667,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,363,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 12,667,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,363,000 | |||
Richmond, VA - Lake Brook Commons [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Lake Brook Commons [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Sadler & Cox Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,878,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,535,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 343,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,878,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,878,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,878,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - 4840 Cox Road [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,161,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,835,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,918,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 358,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 13,559,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,276,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,559,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,835,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,161,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,835,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,161,000 | |||
Richmond, VA - 4840 Cox Road [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - 4840 Cox Road [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Stony Point F Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,841,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,841,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,841,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,841,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,841,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Richmond, VA - Stony Point I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,249,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,961,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,384,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,630,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 59,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,888,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,443,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 14,518,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,961,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,249,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,961,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,249,000 | |||
Richmond, VA - Stony Point I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Stony Point I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Stony Point II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,616,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,090,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,240,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 11,850,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,240,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,850,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,090,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,616,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,090,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,616,000 | |||
Richmond, VA - Stony Point II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Stony Point II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Stony Point III [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,080,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,765,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 995,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 9,770,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 995,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,770,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,765,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,080,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,765,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,080,000 | |||
Richmond, VA - Stony Point III [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Stony Point III [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Stony Point IV [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,738,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,067,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 955,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,112,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 955,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,112,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,067,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,738,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,067,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,738,000 | |||
Richmond, VA - Stony Point IV [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Stony Point IV [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Virginia Mutual [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,474,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,618,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,301,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,036,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 15,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,266,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,316,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 7,302,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,618,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,474,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,618,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,474,000 | |||
Richmond, VA - Virginia Mutual [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Virginia Mutual [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Waterfront Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,929,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,120,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 585,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,347,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 8,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,180,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 593,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,527,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,120,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,929,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,120,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,929,000 | |||
Richmond, VA - Waterfront Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Waterfront Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Richmond, VA - Innsbrook Center [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,306,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 9,163,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 914,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 8,249,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 914,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,249,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 9,163,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,306,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 9,163,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,306,000 | |||
Richmond, VA - Innsbrook Center [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Richmond, VA - Innsbrook Center [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - 4200 Cypress [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,495,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 21,158,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,673,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,470,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,015,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,673,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 18,485,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 21,158,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,495,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 21,158,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,495,000 | |||
Tampa, FL - 4200 Cypress [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - 4200 Cypress [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Bayshore Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,099,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 15,789,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,276,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,817,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,696,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,276,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 13,513,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 15,789,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 6,099,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 15,789,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 6,099,000 | |||
Tampa, FL - Bayshore Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Bayshore Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - General Services Administration [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,133,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 31,759,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,054,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 406,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 27,299,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,460,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 27,299,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 31,759,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,133,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 31,759,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,133,000 | |||
Tampa, FL - General Services Administration [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - General Services Administration [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Harborview Plaza [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,170,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 31,237,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,537,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,944,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 969,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | -3,213,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,506,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 26,731,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 31,237,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,170,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 31,237,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,170,000 | |||
Tampa, FL - Harborview Plaza [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Harborview Plaza [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Highwoods Preserve Building I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,595,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 23,571,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 991,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 22,580,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 991,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 22,580,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 23,571,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,595,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 23,571,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,595,000 | |||
Tampa, FL - Highwoods Preserve Building I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Highwoods Preserve Building I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Highwoods Preserve Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 1,970,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,485,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 485,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,970,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 1,970,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 1,970,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Tampa, FL - Highwoods Preserve Building V [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,881,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 25,498,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 881,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 24,617,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 881,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 24,617,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 25,498,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,881,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 25,498,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,881,000 | |||
Tampa, FL - Highwoods Preserve Building V [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Highwoods Preserve Building V [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Highwoods Bay Center I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,369,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 40,126,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,565,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -64,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 36,625,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,501,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 36,625,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 40,126,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 7,369,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 40,126,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 7,369,000 | |||
Tampa, FL - Highwoods Bay Center I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Highwoods Bay Center I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - HIW Bay Center II Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 3,482,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,482,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,482,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 3,482,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 3,482,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Tampa, FL - HIW Preserve Building VII [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,414,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 13,288,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 790,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 12,498,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 790,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 12,498,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 13,288,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,414,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 13,288,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,414,000 | |||
Tampa, FL - HIW Preserve Building VII [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - HIW Preserve Building VII [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - HIW Preserve VII Garage [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,343,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 6,789,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 6,789,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,789,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 6,789,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,343,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 6,789,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,343,000 | |||
Tampa, FL - HIW Preserve VII Garage [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - HIW Preserve VII Garage [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Horizon [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,220,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 8,821,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,257,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,564,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 8,821,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 8,821,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 4,220,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 8,821,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 4,220,000 | |||
Tampa, FL - Horizon [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Horizon [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - LakePointe One [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 15,925,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 45,073,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,106,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 89,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 42,878,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,106,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 42,967,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 45,073,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 15,925,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 45,073,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 15,925,000 | |||
Tampa, FL - LakePointe One [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - LakePointe One [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - LakePointe Two [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 9,043,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 29,902,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,000,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,848,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 672,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 11,382,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,672,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 27,230,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 29,902,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 9,043,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 29,902,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 9,043,000 | |||
Tampa, FL - LakePointe Two [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - LakePointe Two [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Lakeside [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,722,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 10,414,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,369,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,045,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 10,414,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 10,414,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 3,722,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 10,414,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 3,722,000 | |||
Tampa, FL - Lakeside [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Lakeside [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Lakeside/Parkside Garage [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,017,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,587,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,587,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,587,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,587,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,017,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,587,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,017,000 | |||
Tampa, FL - Lakeside/Parkside Garage [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Lakeside/Parkside Garage [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - One Harbour Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 13,041,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 34,396,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,016,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,252,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 7,128,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,016,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 32,380,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 34,396,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 13,041,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 34,396,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 13,041,000 | |||
Tampa, FL - One Harbour Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - One Harbour Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Parkside [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,163,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 11,477,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,407,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,070,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 11,477,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 11,477,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 5,163,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 11,477,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 5,163,000 | |||
Tampa, FL - Parkside [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Parkside [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Pavilion [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,167,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 19,877,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,394,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 3,483,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 19,877,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 19,877,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,167,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 19,877,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,167,000 | |||
Tampa, FL - Pavilion [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Pavilion [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Pavilion Parking Garage [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,142,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 5,682,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,682,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 5,682,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 5,682,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,142,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 5,682,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,142,000 | |||
Tampa, FL - Pavilion Parking Garage [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Pavilion Parking Garage [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Spectrum [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,523,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 21,779,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,454,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,502,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 5,823,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,454,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 20,325,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 21,779,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 8,523,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 21,779,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 8,523,000 | |||
Tampa, FL - Spectrum [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Spectrum [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Tower Place [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 10,997,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 27,703,000 | |||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Encumbrances | 107,556,000 | [2] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,218,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 19,898,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,587,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 3,218,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 24,485,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 27,703,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 10,997,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 27,703,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 10,997,000 | |||
Tampa, FL - Tower Place [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Tower Place [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Westshore Square [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,856,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 7,941,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,126,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,186,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,629,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,126,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 6,815,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 7,941,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,856,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 7,941,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,856,000 | |||
Tampa, FL - Westshore Square [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Westshore Square [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Independence Park Land [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,943,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,943,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 4,943,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 0 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,943,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 0 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,943,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 0 | |||
Tampa, FL - Independence Park I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,665,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 11,933,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,531,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,526,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 4,876,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 2,531,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 9,402,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 11,933,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,665,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 11,933,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,665,000 | |||
Tampa, FL - Independence Park I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Independence Park I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Meridian I [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,283,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 26,243,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,849,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,363,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 2,031,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,849,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 24,394,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 26,243,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 2,283,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 26,243,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 2,283,000 | |||
Tampa, FL - Meridian I [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Meridian I [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Tampa, FL - Meridian II [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,557,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 22,703,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,302,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 19,588,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,813,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 1,302,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 21,401,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 22,703,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,557,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 22,703,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | 1,557,000 | |||
Tampa, FL - Meridian II [Member] | Minimum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 5 years | |||
Tampa, FL - Meridian II [Member] | Maximum [Member] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Life Used For Depreciation | 40 years | |||
Total Real Estate and Accumulated Depreciation [Member] | ||||
Reconciliation of Total Accumulated Depreciation to Balance Sheet [Abstract] | ||||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,033,106,000 | |||
Reconciliation of Total Real Estate Assets to Balance Sheet [Abstract] | ||||
Total real estate assets per Schedule III | 4,309,536,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land | 498,166,000 | |||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,081,542,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition [Abstract] | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Land | -29,009,000 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements | 1,758,837,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period [Abstract] | ||||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Land | 469,157,000 | |||
Real Estate and Accumulated Depreciation, Gross Value at Close of Period, Buildings and Improvements | 3,840,379,000 | |||
Real Estate and Accumulated Depreciation,Gross Value at Close of Period, Total Assets | 4,309,536,000 | |||
SEC Schedule III, Real Estate Accumulated Depreciation | 1,033,106,000 | |||
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Real estate assets, ending balance | 4,309,536,000 | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Accumulated depreciation, ending balance | $1,033,106,000 | |||
[1] | These assets are pledged as collateral for a $39.3 million first mortgage loan. | |||
[2] | These assets are pledged as collateral for a $107.6 million first mortgage loan. | |||
[3] | These assets are pledged as collateral for a $115.2 million first mortgage loan. |