Investment in Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Summary of financial data and principal activities of Company's Unconsolidated Joint Ventures

The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of March 31, 2012 and December 31, 2011 (in thousands):

	Total Assets				Total Debt				Total Equity						Company’s Investment
SUMMARY OF FINANCIAL POSITION:	2012		2011		2012		2011		2012			2011			2012				2011
CP Venture IV Holdings LLC	$	298,398	$	301,352	$	35,880	$	36,031	$	253,110		$	255,881		$	14,452			$	14,694
Charlotte Gateway Village, LLC	145,642		146,854		79,472		83,097		64,456			62,423			10,324				10,333
Palisades West LLC	125,638		124,588		—		—		83,132			81,635			43,348				42,616
CF Murfreesboro Associates	123,897		125,668		97,931		98,922		24,781			24,810			14,359				14,421
CP Venture LLC entities	102,165		102,178		—		—		99,385			99,942			3,284				3,343
MSREF/ Cousins Terminus 200 LLC	97,828		92,421		74,631		68,562		19,628			17,967			3,925				3,593
Cousins Watkins LLC	55,697		56,096		28,492		28,571		26,516			26,893			16,517				16,321
EP I LLC	44,743		33,343		5,438		1		33,123			29,137			27,978				24,827
Crawford Long - CPI, LLC	31,659		32,739		47,261		47,631		(16,968		)	(16,137		)	(7,294		)	*	(6,873		)	*
Ten Peachtree Place Associates	23,917		22,523		25,988		26,192		(2,419		)	(4,145		)	(2,813		)	*	(3,679		)	*
Wildwood Associates	21,224		21,224		—		—		21,185			21,221			(1,658		)	*	(1,639		)	*
Temco Associates, LLC	8,540		23,653		2,750		2,787		5,567			20,646			2,772				7,363
CL Realty, L.L.C.	7,497		44,481		—		1,056		7,289			42,932			3,644				22,413
TRG Columbus Development Venture, Ltd.	2,450		2,450		—		—		1,860			1,857			30				31
Terminus 200 LLC	789		789		—		—		789			789			—				—
Pine Mountain Builders, LLC	267		429		—		—		92			153			547				632
	$	1,090,351	$	1,130,788	$	397,843	$	392,850	$	621,526		$	666,004		$	129,415			$	148,396

*Negative balances are included in Deposits and Deferred Income on the Balance Sheets.

The following table summarizes statement of operations information of the Company's unconsolidated joint ventures for the three months ended March 31, 2012 and 2011 (in thousands):

	Total Revenues				Net Income (Loss)						Company's Share of Income (Loss)
SUMMARY OF OPERATIONS:	2012		2011		2012			2011			2012			2011
CP Venture IV Holdings LLC	$	7,533	$	7,727	$	749		$	905		$	241		$	263
Charlotte Gateway Village, LLC	8,016		8,045		2,336			2,118			294			294
Palisades West LLC	4,106		4,030		1,497			1,456			717			711
CF Murfreesboro Associates	3,327		3,428		(28		)	113			(81		)	(5		)
CP Venture LLC entities	4,814		4,826		2,594			2,504			268			259
MSREF/ Cousins Terminus 200 LLC	2,973		938		(362		)	(1,159		)	(73		)	(232		)
Cousins Watkins LLC	1,235		1,213		45			21			610			594
EP I LLC	—		—		71			—			53			—
Crawford Long - CPI, LLC	2,944		2,937		669			544			334			272
Ten Peachtree Place Associates	1,713		1,931		392			300			199			154
Wildwood Associates	—		—		(37		)	(47		)	(18		)	(24		)
Temco Associates, LLC	440		59		(57		)	(204		)	(233		)	(103		)
CL Realty, L.L.C.	1,667		1,662		551			657			(39		)	313
TRG Columbus Development Venture, Ltd.	9		12		3			—			(1		)	17
Pine Mountain Builders, LLC	—		1,064		(60		)	(40		)	(85		)	(17		)
	$	38,777	$	37,872	$	8,363		$	7,168		$	2,186		$	2,496