Disclosure About Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure About Fair Value of Financial Instruments [Line Items]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]

The following tables set forth the assets, noncontrolling interests in the Operating Partnership and liabilities that we measure at fair value by level within the fair value hierarchy. We determine the level based on the lowest level of substantive input used to determine fair value.

			Level 1		Level 2		Level 3
	March 31, 2013		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Assets:
Mortgages and notes receivable, at fair value (1)	$	25,638	$	—	$	16,990	$	8,648
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,529		3,529		—		—
Impaired real estate assets	9,002		—		—		9,002
Tax increment financing bond (in prepaid expenses and other assets)	14,324		—		—		14,324
Total Assets	$	52,493	$	3,529	$	16,990	$	31,974
Noncontrolling Interests in the Operating Partnership	$	147,317	$	147,317	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,024,509	$	—	$	2,024,509	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	8,261		—		8,261		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,529		3,529		—		—
Contingent consideration to acquire real estate assets (in accounts payable, accrued expenses and other liabilities)	375		—		—		375
Financing obligations, at fair value (1)	23,986		—		—		23,986
Total Liabilities	$	2,060,660	$	3,529	$	2,032,770	$	24,361

			Level 1		Level 2		Level 3
	December 31, 2012		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Assets:
Mortgages and notes receivable, at fair value (1)	$	24,725	$	—	$	16,077	$	8,648
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,354		3,354		—		—
Tax increment financing bond (in prepaid expenses and other assets)	14,496		—		—		14,496
Total Assets	$	42,575	$	3,354	$	16,077	$	23,144
Noncontrolling Interests in the Operating Partnership	$	124,869	$	124,869	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	1,987,364	$	—	$	1,987,364	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	9,369		—		9,369		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,354		3,354		—		—
Contingent consideration to acquire real estate assets (in accounts payable, accrued expenses and other liabilities)	563		—		—		563
Financing obligations, at fair value (1)	23,252		—		—		23,252
Total Liabilities	$	2,023,902	$	3,354	$	1,996,733	$	23,815

__________

9. Disclosure About Fair Value of Financial Instruments - Continued

(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at March 31, 2013 and December 31, 2012.

Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]

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:

	Three Months Ended March 31,
	2013			2012
Asset:
Tax Increment Financing Bond:
Beginning balance	$	14,496		$	14,788
Principal repayment	(562		)	—
Unrealized gains (in AOCL)	390			287
Ending balance	$	14,324		$	15,075
Liability:
Contingent Consideration to Acquire Real Estate Assets:
Beginning balance	$	563		$	—
Unrealized gains (in general and administrative expenses)	(188		)	—
Ending balance	$	375		$	—

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following table sets forth quantitative information about the unobservable inputs of our Level 3 assets and liability, which are recorded at fair value on our Consolidated Balance Sheets:

	Fair Value at March 31, 2013		Valuation Technique	Unobservable Input	Rate/ Percentage
Assets:
Tax increment financing bond	$	14,324	Income approach	Discount rate	10.4%
Impaired real estate assets	$	9,002	Income approach	Capitalization rate	8.5%-9.5%
				Discount rate	9.0%-10.0%
Liability:
Contingent consideration to acquire real estate assets	$	375	Income approach	Payout percentage	50.0%

Highwoods Realty Limited Partnership [Member]

Disclosure About Fair Value of Financial Instruments [Line Items]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]

The following tables set forth the assets and liabilities that we measure at fair value by level within the fair value hierarchy. We determine the level based on the lowest level of substantive input used to determine fair value.

			Level 1		Level 2		Level 3
	March 31, 2013		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Assets:
Mortgages and notes receivable, at fair value (1)	$	25,638	$	—	$	16,990	$	8,648
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,529		3,529		—		—
Impaired real estate assets	9,002		—		—		9,002
Tax increment financing bond (in prepaid expenses and other assets)	14,324		—		—		14,324
Total Assets	$	52,493	$	3,529	$	16,990	$	31,974
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,024,509	$	—	$	2,024,509	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	8,261		—		8,261		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,529		3,529		—		—
Contingent consideration to acquire real estate assets (in accounts payable, accrued expenses and other liabilities)	375		—		—		375
Financing obligations, at fair value (1)	23,986		—		—		23,986
Total Liabilities	$	2,060,660	$	3,529	$	2,032,770	$	24,361

9. Disclosure About Fair Value of Financial Instruments - Continued

			Level 1		Level 2		Level 3
	December 31, 2012		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Assets:
Mortgages and notes receivable, at fair value (1)	$	24,725	$	—	$	16,077	$	8,648
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,354		3,354		—		—
Tax increment financing bond (in prepaid expenses and other assets)	14,496		—		—		14,496
Total Assets	$	42,575	$	3,354	$	16,077	$	23,144
Liabilities:
Mortgages and notes payable, at fair value (1)	$	1,987,364	$	—	$	1,987,364	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	9,369		—		9,369		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,354		3,354		—		—
Contingent consideration to acquire real estate assets (in accounts payable, accrued expenses and other liabilities)	563		—		—		563
Financing obligations, at fair value (1)	23,252		—		—		23,252
Total Liabilities	$	2,023,902	$	3,354	$	1,996,733	$	23,815

__________

(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at March 31, 2013 and December 31, 2012.

Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]

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:

	Three Months Ended March 31,
	2013			2012
Asset:
Tax Increment Financing Bond:
Beginning balance	$	14,496		$	14,788
Principal repayment	(562		)	—
Unrealized gains (in AOCL)	390			287
Ending balance	$	14,324		$	15,075
Liability:
Contingent Consideration to Acquire Real Estate Assets:
Beginning balance	$	563		$	—
Unrealized gains (in general and administrative expenses)	(188		)	—
Ending balance	$	375		$	—

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following table sets forth quantitative information about the unobservable inputs of our Level 3 assets and liability, which are recorded at fair value on our Consolidated Balance Sheets:

	Fair Value at March 31, 2013		Valuation Technique	Unobservable Input	Rate/ Percentage
Assets:
Tax increment financing bond	$	14,324	Income approach	Discount rate	10.4%
Impaired real estate assets	$	9,002	Income approach	Capitalization rate	8.5%-9.5%
				Discount rate	9.0%-10.0%
Liability:
Contingent consideration to acquire real estate assets	$	375	Income approach	Payout percentage	50.0%