Mortgages and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instrument [Line Items]

Schedule of Consolidated Mortgages and Notes Payable

Our mortgages and notes payable consist of the following:

	December 31,
	2012		2011
Secured indebtedness: (1)
5.45% (5.12% effective rate) mortgage loan due 2014 (2)	67,604		67,809
5.18% (4.22% effective rate) mortgage loan due 2017 (3)	120,924		123,613
6.03% mortgage loan due 2013	—		125,264
5.68% mortgage loan due 2013	107,289		110,343
5.17% (6.43% effective rate) mortgage loan due 2015 (4)	39,805		40,015
6.88% mortgage loans due 2016	110,671		112,075
7.50% mortgage loan due 2016	45,662		46,181
5.74% to 9.00% mortgage loans due between 2012 and 2016 (5) (6) (7)	57,652		72,640
Variable rate construction loan due 2012	—		17,802
	549,607		715,742
Unsecured indebtedness:
5.85% (5.88% effective rate) notes due 2017 (8)	379,194		391,164
7.50% notes due 2018	200,000		200,000
3.625% (3.752% effective rate) notes due 2023 (9)	247,361		—
Variable rate term loan due 2016 (10)	35,000		200,000
Variable rate term loan due 2018 (11)	200,000		—
Variable rate term loan due 2019 (12)	225,000		—
Revolving credit facility due 2015 (13)	23,000		362,000
	1,309,555		1,153,164
Total	$	1,859,162	$	1,868,906

__________

(1) The secured mortgage loans payable are collateralized by real estate assets with an aggregate undepreciated book value of $966.9 million at December 31, 2012. 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) Includes unamortized fair market premium of $0.2 million as of December 31, 2012.

(3) Includes unamortized fair market premium of $4.6 million as of December 31, 2012.

(4) Net of unamortized fair market value discount of $1.2 million as of December 31, 2012.

(5) Includes mortgage debt related to Harborview, a consolidated 20.0% owned joint venture, of $21.0 million at December 31, 2011. See Note 8.

(6) Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $33.1 million and $34.0 million at December 31, 2012 and 2011, respectively. See Note 10.

(7) Net of unamortized fair market value premium of $0.5 million and $0.3 million at December 31, 2012 and 2011, respectively.

(8) Net of unamortized original issuance discount of $0.5 million and $0.6 million at December 31, 2012 and 2011, respectively.

(9) Net of unamortized original issuance discount of $2.6 million at December 31, 2012.

(10) The interest rate is 2.42% at December 31, 2012.

(11) The interest rate is 1.87% at December 31, 2012.

6.    Mortgages and Notes Payable - Continued

(12) 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 3.58%.

(13) The interest rate is 1.71% at December 31, 2012.

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, 2012:

Years Ending December 31,	Principal Amount
2013	$	123,537
2014	112,283
2015	67,733
2016	193,217
2017	488,617
Thereafter	873,775
	$	1,859,162

Highwoods Realty Limited Partnership [Member]

Debt Instrument [Line Items]

Schedule of Consolidated Mortgages and Notes Payable

Our mortgages and notes payable consist of the following:

	December 31,
	2012		2011
Secured indebtedness: (1)
5.45% (5.12% effective rate) mortgage loan due 2014 (2)	67,604		67,809
5.18% (4.22% effective rate) mortgage loan due 2017 (3)	120,924		123,613
6.03% mortgage loan due 2013	—		125,264
5.68% mortgage loan due 2013	107,289		110,343
5.17% (6.43% effective rate) mortgage loan due 2015 (4)	39,805		40,015
6.88% mortgage loans due 2016	110,671		112,075
7.50% mortgage loan due 2016	45,662		46,181
5.74% to 9.00% mortgage loans due between 2012 and 2016 (5) (6) (7)	57,652		72,640
Variable rate construction loan due 2012	—		17,802
	549,607		715,742
Unsecured indebtedness:
5.85% (5.88% effective rate) notes due 2017 (8)	379,194		391,164
7.50% notes due 2018	200,000		200,000
3.625% (3.752% effective rate) notes due 2023 (9)	247,361		—
Variable rate term loan due 2016 (10)	35,000		200,000
Variable rate term loan due 2018 (11)	200,000		—
Variable rate term loan due 2019 (12)	225,000		—
Revolving credit facility due 2015 (13)	23,000		362,000
	1,309,555		1,153,164
Total	$	1,859,162	$	1,868,906

__________

(1) The secured mortgage loans payable are collateralized by real estate assets with an aggregate undepreciated book value of $966.9 million at December 31, 2012. 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) Includes unamortized fair market premium of $0.2 million as of December 31, 2012.

(3) Includes unamortized fair market premium of $4.6 million as of December 31, 2012.

(4) Net of unamortized fair market value discount of $1.2 million as of December 31, 2012.

(5) Includes mortgage debt related to Harborview, a consolidated 20.0% owned joint venture, of $21.0 million at December 31, 2011. See Note 8.

(6) Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $33.1 million and $34.0 million at December 31, 2012 and 2011, respectively. See Note 10.

(7) Net of unamortized fair market value premium of $0.5 million and $0.3 million at December 31, 2012 and 2011, respectively.

(8) Net of unamortized original issuance discount of $0.5 million and $0.6 million at December 31, 2012 and 2011, respectively.

(9) Net of unamortized original issuance discount of $2.6 million at December 31, 2012.

(10) The interest rate is 2.42% at December 31, 2012.

(11) The interest rate is 1.87% at December 31, 2012.

6.    Mortgages and Notes Payable - Continued

(12) 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 3.58%.

(13) The interest rate is 1.71% at December 31, 2012.

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, 2012:

Years Ending December 31,	Principal Amount
2013	$	123,537
2014	112,283
2015	67,733
2016	193,217
2017	488,617
Thereafter	873,775
	$	1,859,162