Mortgages and Notes Receivable

12 Months Ended

Dec. 31, 2011

Financing Receivables [Line Items]

Mortgages and Notes Receivable

Mortgages and Notes Receivable

The following table sets forth our mortgages and notes receivable:

	December 31,
	2011			2010
Seller financing (first mortgages)	$	17,180		$	17,180
Less allowance	—			—
	17,180			17,180
Promissory notes	1,481			2,732
Less allowance	(61		)	(868		)
	1,420			1,864
Mortgages and notes receivable, net	$	18,600		$	19,044

The following table sets forth our notes receivable allowance, which relates only to promissory notes:

	December 31,
	2011			2010
Beginning notes receivable allowance	$	868		$	698
Bad debt expense	196			413
Recoveries/write-offs/other	(1,003		)	(243		)
Total notes receivable allowance	$	61		$	868

Our mortgages and notes receivable consist primarily of seller financing issued in conjunction with two disposition transactions in 2010 (see Note 2). This seller financing is evidenced by first mortgages secured by the assignment of rents and the underlying real estate assets. We conclude on the credit quality of the receivables by monitoring the leasing statistics and market fundamentals of these assets. As of December 31, 2011, the payments on both mortgages receivable were current and there were no other indications of impairment on the receivables. We may be required to take impairment charges in the future if and to the extent the underlying collateral diminishes in value.

Highwoods Realty Limited Partnership [Member]

Financing Receivables [Line Items]

Mortgages and Notes Receivable

Mortgages and Notes Receivable

The following table sets forth our mortgages and notes receivable:

	December 31,
	2011			2010
Seller financing (first mortgages)	$	17,180		$	17,180
Less allowance	—			—
	17,180			17,180
Promissory notes	1,481			2,732
Less allowance	(61		)	(868		)
	1,420			1,864
Mortgages and notes receivable, net	$	18,600		$	19,044

The following table sets forth our notes receivable allowance, which relates only to promissory notes:

	December 31,
	2011			2010
Beginning notes receivable allowance	$	868		$	698
Bad debt expense	196			413
Recoveries/write-offs/other	(1,003		)	(243		)
Total notes receivable allowance	$	61		$	868

3.    Mortgages and Notes Receivable – Continued

Our mortgages and notes receivable consist primarily of seller financing issued in conjunction with two disposition transactions in 2010 (see Note 2). This seller financing is evidenced by first mortgages secured by the assignment of rents and the underlying real estate assets. We conclude on the credit quality of the receivables by monitoring the leasing statistics and market fundamentals of these assets. As of December 31, 2011, the payments on both mortgages receivable were current and there were no other indications of impairment on the receivables. We may be required to take impairment charges in the future if and to the extent the underlying collateral diminishes in value.