Investment in Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 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 statement of operations information of the Company's unconsolidated joint ventures for the six months ended June 30, 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	$	15,097	$	15,430	$	1,758		$	1,890		$	508		$	539
Charlotte Gateway Village, LLC	16,477		16,308		4,733			4,282			588			588
Palisades West LLC	8,192		8,114		2,885			2,911			1,381			1,422
CF Murfreesboro Associates	6,612		6,622		138			178			(66		)	(41		)
CP Venture LLC entities	9,695		9,506		4,898			3,830			507			396
MSREF/ Cousins Terminus 200 LLC	6,105		2,197		(704		)	(2,173		)	(141		)	(434		)
Cousins Watkins LLC	3,120		2,422		(18		)	17			1,219			1,188
EP I LLC	110		—		(1		)	—			(1		)	—
Crawford Long - CPI, LLC	5,850		5,955		1,247			1,217			620			608
Ten Peachtree Place Associates	2,487		3,611		20,897			407			7,831			212
Wildwood Associates	—		—		(81		)	(85		)	(40		)	(43		)
Temco Associates, LLC	500		318		(123		)	(416		)	(265		)	(202		)
CL Realty, L.L.C.	1,997		3,144		736			1,390			53			545
TRG Columbus Development Venture, Ltd.	9		19		(3		)	7			(3		)	50
Pine Mountain Builders, LLC	15		2,632		(116		)	(44		)	(243		)	(20		)
	$	76,266	$	76,278	$	36,246		$	13,411		$	11,948		$	4,808

The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of June 30, 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	$	294,311	$	301,352	$	35,727	$	36,031	$	249,204		$	255,881		$	14,232			$	14,694
Charlotte Gateway Village, LLC	144,700		146,854		75,788		83,097		66,551			62,423			10,316				10,333
Palisades West LLC	121,701		124,588		—		—		79,956			81,635			41,743				42,616
CF Murfreesboro Associates	123,544		125,668		96,559		98,922		24,947			24,810			14,451				14,421
CP Venture LLC entities	101,751		102,178		—		—		99,608			99,942			3,306				3,343
MSREF/ Cousins Terminus 200 LLC	96,483		92,421		73,944		68,562		19,892			17,967			3,977				3,593
Cousins Watkins LLC	54,873		56,096		28,412		28,571		25,752			26,893			16,363				16,321
EP I LLC	59,379		33,343		17,880		1		33,051			29,137			27,975				24,827
Crawford Long - CPI, LLC	32,492		32,739		47,072		47,631		(16,390		)	(16,137		)	(7,017		)	*	(6,873		)	*
Ten Peachtree Place Associates	786		22,523		—		26,192		717			(4,145		)	95				(3,679		)	*
Wildwood Associates	21,216		21,224		—		—		21,141			21,221			(1,680		)	*	(1,639		)	*
Temco Associates, LLC	8,346		23,653		—		2,787		8,075			20,646			4,016				7,363
CL Realty, L.L.C.	7,065		44,481		—		1,056		6,823			42,932			3,412				22,413
TRG Columbus Development Venture, Ltd.	2,407		2,450		—		—		1,854			1,857			28				31
Terminus 200 LLC	789		789		—		—		789			789			—				—
Pine Mountain Builders, LLC	221		429		—		—		37			153			389				632
	$	1,070,064	$	1,130,788	$	375,382	$	392,850	$	622,007		$	666,004		$	131,606			$	148,396

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