XML 42 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Unconsolidated Joint Ventures
3 Months Ended
Mar. 31, 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 March 31, 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
 
MSREF/ Cousins Terminus 200 LLC (1)
$

 
$
95,520

 
$

 
$
74,340

 
$

 
$
19,659

 
$

 
$
3,930

 
EP I LLC
87,844

 
83,235

 
49,500

 
43,515

 
32,078

 
32,611

 
27,446

 
27,864

 
Cousins Watkins LLC
53,633

 
54,285

 
28,127

 
28,244

 
24,619

 
25,259

 
16,745

 
16,692

 
CF Murfreesboro Associates
119,279

 
121,451

 
93,200

 
94,540

 
24,752

 
25,411

 
14,208

 
14,571

 
CP Venture Five LLC
284,430

 
286,647

 
35,261

 
35,417

 
241,055

 
243,563

 
13,746

 
13,884

 
Charlotte Gateway Village, LLC
139,030

 
140,384

 
64,378

 
68,242

 
73,195

 
70,917

 
10,291

 
10,299

 
Temco Associates, LLC
8,432

 
8,409

 

 

 
8,206

 
8,233

 
4,088

 
4,095

 
CL Realty, L.L.C.
7,506

 
7,549

 

 

 
7,382

 
7,155

 
3,697

 
3,579

 
CP Venture Two LLC
95,508

 
96,345

 

 

 
93,942

 
94,819

 
2,716

 
2,894

 
Wildwood Associates
21,166

 
21,176

 

 

 
21,130

 
21,173

 
(1,685
)
*
(1,664
)
*
Crawford Long - CPI, LLC
33,167

 
32,818

 
46,202

 
46,496

 
(14,404
)
 
(15,129
)
 
(6,049
)
*
(6,407
)
*
Terminus Office Holdings LLC (1)
299,742

 

 
217,589

 

 
68,613

 

 
35,533



 
Other
2,183

 
2,194

 

 

 
1,856

 
1,844

 
71

 
60

 
 
$
1,151,920

 
$
950,013

 
$
534,257

 
$
390,794

 
$
582,424

 
$
535,515

 
$
120,807

 
$
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 three months ended March 31, 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
MSREF/ Cousins Terminus 200 LLC (1)
$
1,256

 
$
2,973

 
$
(115
)
 
$
(362
)
 
$
(35
)
 
$
(73
)
EP I LLC
1,169

 

 
(519
)
 
71

 
(389
)
 
53

Cousins Watkins LLC
1,286

 
1,235

 
(29
)
 
45

 
580

 
610

CF Murfreesboro Associates
3,291

 
3,327

 
(633
)
 
(28
)
 
(383
)
 
(81
)
CP Venture Five LLC
7,843

 
7,533

 
1,435

 
749

 
315

 
241

Charlotte Gateway Village, LLC
8,294

 
8,016

 
2,581

 
2,336

 
294

 
294

Temco Associates, LLC
69

 
440

 
(13
)
 
(57
)
 
(6
)
 
(233
)
CL Realty, L.L.C.
428

 
1,667

 
236

 
551

 
118

 
(39
)
CP Venture Two LLC
4,926

 
4,814

 
2,724

 
2,594

 
281

 
268

Wildwood Associates

 

 
(42
)
 
(37
)
 
(21
)
 
(18
)
Crawford Long - CPI, LLC
2,958

 
2,944

 
725

 
669

 
360

 
334

Terminus Office Holdings LLC (1)
5,606

 

 
1,062

 

 
529

 

Palisades West LLC

 
4,106

 
(27
)
 
1,497

 

 
717

Ten Peachtree Place Associates

 
1,713

 

 
392

 

 
199

Other
1,261

 
9

 
(122
)
 
(57
)
 
9

 
(86
)
 
$
38,387

 
$
38,777

 
$
7,263

 
$
8,363

 
$
1,652

 
$
2,186


(1) See note 7 for further discussion of the transactions affecting these entities.