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Investment in Unconsolidated Joint Ventures | 9 Months Ended
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Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract] |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES | INVESTMENT IN UNCONSOLIDATED JOINT VENTURES The Company describes its investments in unconsolidated joint ventures in note 5 of notes to consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2012. The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of September 30, 2013 and December 31, 2012 (in thousands):
| Total Assets |  | Total Debt |  | Total Equity |  | Company’s Investment |
SUMMARY OF FINANCIAL POSITION: | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Terminus Office Holdings LLC (1) | $ | 300,683 |  |  | $ | — |  |  | $ | 216,497 |  |  | $ | — |  |  | $ | 70,056 |  |  | $ | — |  |  | $ | 35,923 |  |  | $ | — |  |
EP I LLC | 88,382 |  |  | 83,235 |  |  | 56,313 |  |  | 43,515 |  |  | 30,249 |  |  | 32,611 |  |  | 26,079 |  |  | 27,864 |  |
Cousins Watkins LLC | 53,211 |  |  | 54,285 |  |  | 27,852 |  |  | 28,244 |  |  | 23,857 |  |  | 25,259 |  |  | 17,209 |  |  | 16,692 |  |
Charlotte Gateway Village, LLC | 138,852 |  |  | 140,384 |  |  | 56,462 |  |  | 68,242 |  |  | 79,913 |  |  | 70,917 |  |  | 11,260 |  |  | 10,299 |  |
Temco Associates, LLC | 8,576 |  |  | 8,409 |  |  | — |  |  | — |  |  | 8,267 |  |  | 8,233 |  |  | 4,083 |  |  | 4,095 |  |
CL Realty, L.L.C. | 7,353 |  |  | 7,549 |  |  | — |  |  | — |  |  | 7,147 |  |  | 7,155 |  |  | 3,571 |  |  | 3,579 |  |
CF Murfreesboro Associates | — |  |  | 121,451 |  |  | — |  |  | 94,540 |  |  | — |  |  | 25,411 |  |  | — |  |  | 14,571 |  |
CP Venture Five LLC | — |  |  | 286,647 |  |  | — |  |  | 35,417 |  |  | — |  |  | 243,563 |  |  | — |  |  | 13,884 |  |
MSREF/ Cousins Terminus 200 LLC (1) | — |  |  | 95,520 |  |  | — |  |  | 74,340 |  |  | — |  |  | 19,659 |  |  | — |  |  | 3,930 |  |
CP Venture Two LLC | — |  |  | 96,345 |  |  | — |  |  | — |  |  | — |  |  | 94,819 |  |  | — |  |  | 2,894 |  |
Wildwood Associates | 21,096 |  |  | 21,176 |  |  | — |  |  | — |  |  | 21,096 |  |  | 21,173 |  |  | (1,727 | ) | * | (1,664 | ) | *
Crawford Long - CPI, LLC | 33,762 |  |  | 32,818 |  |  | 75,000 |  |  | 46,496 |  |  | (42,080 | ) |  | (15,129 | ) |  | (19,959 | ) | * | (6,407 | ) | *
Other | 1,913 |  |  | 2,194 |  |  | — |  |  | — |  |  | 1,630 |  |  | 1,844 |  |  | 58 |  |  | 60 |  |
| $ | 653,828 |  |  | $ | 950,013 |  |  | $ | 432,124 |  |  | $ | 390,794 |  |  | $ | 200,135 |  |  | $ | 535,515 |  |  | $ | 76,497 |  |  | $ | 89,797 |  |
*Negative balances are included in deferred income on the balance sheets. (1) See note 7 for further discussion of the transactions affecting these entities. The following table summarizes statement of operations information of the Company's unconsolidated joint ventures for the nine months ended September 30, 2013 and 2012 (in thousands):
| Total Revenues |  | Net Income (Loss) |  | Company's Share of Income (Loss)
SUMMARY OF OPERATIONS: | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012
Terminus Office Holdings LLC (1) | $ | 23,842 |  |  | $ | — |  |  | $ | (219 | ) |  | $ | — |  |  | $ | (110 | ) |  | $ | — |
EP I LLC | 5,499 |  |  | 306 |  |  | (348 | ) |  | (53 | ) |  | (261 | ) |  | (39 | )
Cousins Watkins LLC | 4,297 |  |  | 4,365 |  |  | 16 |  |  | 24 |  |  | 1,738 |  |  | 1,810 |
Charlotte Gateway Village, LLC | 25,079 |  |  | 24,821 |  |  | 7,931 |  |  | 7,189 |  |  | 882 |  |  | 882 |
Temco Associates, LLC | 437 |  |  | 560 |  |  | 48 |  |  | (141 | ) |  | (12 | ) |  | (275 | )
CL Realty, L.L.C. | 1,246 |  |  | 2,294 |  |  | 801 |  |  | 840 |  |  | 392 |  |  | 105 |
CF Murfreesboro Associates | 8,079 |  |  | 9,920 |  |  | 48,969 |  |  | 316 |  |  | 23,562 |  |  | (46 | )
CP Venture Five LLC | 20,192 |  |  | 22,558 |  |  | 3,056 |  |  | 2,814 |  |  | 17,146 |  |  | 778 |
MSREF/ Cousins Terminus 200 LLC (1) | 1,268 |  |  | 9,242 |  |  | (172 | ) |  | (727 | ) |  | (28 | ) |  | (146 | )
CP Venture Two LLC | 12,965 |  |  | 14,535 |  |  | 7,035 |  |  | 7,280 |  |  | 21,592 |  |  | 752 |
Wildwood Associates | — |  |  | — |  |  | (126 | ) |  | (127 | ) |  | (63 | ) |  | (63 | )
Crawford Long - CPI, LLC | 8,826 |  |  | 8,697 |  |  | 2,134 |  |  | 1,908 |  |  | 1,028 |  |  | 950 |
Palisades West LLC | — |  |  | 12,566 |  |  | (27 | ) |  | 4,350 |  |  | — |  |  | 2,083 |
Ten Peachtree Place Associates | — |  |  | 2,488 |  |  | — |  |  | 20,938 |  |  | — |  |  | 7,852 |
Other | 1,273 |  |  | 1,269 |  |  | (348 | ) |  | (121 | ) |  | (4 | ) |  | (426 | )
| $ | 113,003 |  |  | $ | 113,621 |  |  | $ | 68,750 |  |  | $ | 44,490 |  |  | $ | 65,862 |  |  | $ | 14,217 |
(1) See note 7 for further discussion of the transactions affecting these entities. In the third quarter of 2013, the Company sold to its partner its interest in CP Venture Two LLC for $23.3 million and its interest in CP Venture Five LLC for $30.0 million. The Company recorded gains on these transactions totaling $37.0 million, which are included in income from unconsolidated joint ventures on the statement of operations. In the third quarter of 2013, CF Murfreesb oro Associates sold The Avenue Murfreesboro, the venture's only asset. The Company received a distribution of $33.8 million from the sale and the Company recognized a gain of $23.5 million, which is included in income from unconsolidated joint ventures on the statement of operations. In the second quarter of 2013, Crawford Long-CPI, LLC refinanced its mortgage debt which was scheduled to mature in June 2013. The new loan, a $75 million 3.5% fixed rate mortgage note, matures in 2023. Upon closing of the new mortgage note, the Company received a distribution of $14.3 million from the joint venture as a result of the financing. In October 2013, the Company formed EP II LLC, an unconsolidated joint venture for the purpose of developing and operating the second phase of the Emory Point mixed-use property in Atlanta, Georgia. The second phase will consist of 307 apartments and 43,000 square feet of retail space with a total projected cost of $73.3 million.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 + Details
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