Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2013

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

REAL ESTATE AND ACCUMULATED DEPRECIATION

COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2013

(in thousands)

			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition				Gross Amount at Which Carried at Close of Period
Description/Metropolitan Area	Encumbrances		Land and Improvements		Buildings and Improvements		Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other		Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other		Total (a)		Accumulated Depreciation (a)		Date of Construction/ Renovation	Date Acquired	Life on Which Depreciation in 2013 Statement of Operations is Computed (b)
OPERATING PROPERTIES
Office
Greenway Plaza	$	—	$	273,651	$	595,547	$	—	$	5,116	$	273,651	$	600,663	$	874,314	$	10,791	—	2013	30 years
Houston, TX
191 Peachtree Tower	100,000		5,355		141,012		—		87,704		5,355		228,716		234,071		65,995		—	2006	40 years
Atlanta, GA
Post Oak Central	188,310		87,264		129,347		—		13,600		87,264		142,947		230,211		6,491		—	2013	42 years
Houston, TX
777 Main	—		32,872		104,823		—		4,082		32,872		108,905		141,777		2,329		—	2013	24 years
Fort Worth, TX
Promenade	113,573		13,439		102,790		—		24,252		13,439		127,042		140,481		11,781		—	2011	34 years
Atlanta, GA
The American Cancer Society Center	132,714		5,226		67,370		—		30,179		5,226		97,549		102,775		59,402		—	1999	25 years
Atlanta, GA
816 Congress	—		6,817		89,891		3,282		2,710		10,099		92,601		102,700		2,392		—	2013	42 years
Austin, TX
2100 Ross Avenue	—		5,987		45,739		—		15,732		5,987		61,471		67,458		5,274		—	2012	35 years
Dallas, TX
The Points at Waterview	15,139		2,558		22,910		85		8,361		2,643		31,271		33,914		18,314		—	2000	25 years
Suburban Dallas, TX
Meridian Mark Plaza	25,813		2,219		—		—		26,858		2,219		26,858		29,077		15,736		1997	1997	30 years
Atlanta, GA
555 North Point Center East	—		368		—		—		21,920		368		21,920		22,288		12,171		1998	1998	30 years
Suburban Atlanta, GA
221 Peachtree Center Avenue Parking Garage	—		4,217		13,337		—		348		4,217		13,685		17,902		2,377		—	2007	39 years
Atlanta, GA
333 North Point Center East	—		551		—		—		14,984		551		14,984		15,535		9,332		1996	1996	30 years
Suburban Atlanta, GA

			Initial Cost to Company				Costs Capitalized Subsequent  to Acquisition					Gross Amount at Which Carried at Close of Period
Description/Metropolitan Area	Encumbrances		Land and Improvements		Buildings  and Improvements		Land and Improvements less Cost of Sales, Transfers and Other			Building and Improvements less Cost of Sales, Transfers and Other		Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other		Total (a)		Accumulated Depreciation (a)		Date of Construction/ Renovation	Date Acquired	Life on Which Depreciation in 2013 Statement of Operations is Computed (b)
Office (cont'd)
100 North Point Center East	$	—	$	1,475	$	9,625	$	—		$	2,539	$	1,475	$	12,164	$	13,639	$	6,810	—	2003	25 years
Suburban Atlanta, GA
200 North Point Center East	—		1,726		7,920		—			2,616		1,726		10,536		12,262		5,479		—	2003	25 years
Suburban Atlanta, GA
Total Office	575,549		444,907		1,330,311		2,185			261,001		447,092		1,591,312		2,038,404		234,674
Retail
Mahan Village	$	14,470	$	5,377	$	—	$	—		$	20,363	$	5,377	$	20,363	$	25,740	$	1,033	2011	2011	30 years
Tallahassee, FL
Total Operating Properties	$	590,019	$	450,284	$	1,330,311	$	2,185		$	281,364	$	452,469	$	1,611,675	$	2,064,144	$	235,707
PROJECTS UNDER DEVELOPMENT
Colorado Tower	$	—	$	—	$	—	$	—		$	21,681	$	—	$	21,681	$	21,681	$	—	2013	2013	30 years
Austin, TX
LAND
Commercial Land
Round Rock Land	$	—	$	12,802	$	—	$	(5,063	)	$	—	$	7,739	$	—	$	7,739	$	—	—	2005	0 years
Austin, TX
Research Park V	—		4,373		—		653			—		5,026		—		5,026		—		—	1998	0 years
Austin, TX
Land Adjacent to The Avenue Forsyth	—		11,240		—		(7,540		)	—		3,700		—		3,700		—		—	2007	0 years
Suburban Atlanta, GA
Blalock Lakes	—		9,646		—		(6,301		)	—		3,345		—		3,345		—		—	2008	0 years
Suburban Atlanta, GA
549 / 555 / 557 Peachtree Street	—		5,988		—		(3,363		)	—		2,625		—		2,625		—		—	2004	0 years
Atlanta, GA
North Point	—		10,294		—		(8,851		)	—		1,443		—		1,443		—		—	1970-1985	0 years
Suburban Atlanta, GA
Wildwood	—		10,214		—		(9,199		)	—		1,015		—		1,015		—		—	1971-1989	0 years
Suburban Atlanta, GA
Total Commercial Land	$	—	$	64,557	$	—	$	(39,664	)	$	—	$	24,893	$	—	$	24,893	$	—

			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition					Gross Amount at Which Carried at Close of Period
Description/Metropolitan Area	Encumbrances		Land and Improvements		Buildings and Improvements		Land and Improvements less Cost of Sales, Transfers and Other			Building and Improvements less Cost of Sales, Transfers and Other		Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other		Total (a)		Accumulated Depreciation (a)		Date of Construction/ Renovation	Date Acquired	Life on Which Depreciation in 2013 Statement of Operations is Computed (b)
Residential Land
Blalock Lakes	$	—	$	17,657	$	—	$	(12,084	)	$	—	$	5,573	$	—	$	5,573	$	—	2006	2006	0 years
Suburban Atlanta, GA
Callaway Gardens	—		1,584		—		3,003			—		4,587		—		4,587		—		2006	2006	0 years
Pine Mountain, GA
Total Residential Land	$	—	$	19,241	$	—	$	(9,081	)	$	—	$	10,160	$	—	$	10,160	$	—
Total Land	$	—	$	83,798	$	—	$	(48,745	)	$	—	$	35,053	$	—	$	35,053	$	—
	$	590,019	$	534,082	$	1,330,311	$	(46,560	)	$	303,045	$	487,522	$	1,633,356	$	2,120,878	$	235,707
OPERATING PROPERTIES HELD FOR SALE
Lakeshore Park Plaza	$	—	$	3,362	$	12,261	$	—		$	6,735	$	3,362	$	18,996	$	22,358	$	12,001	—	1998	30 years
Birmingham, AL
600 University Park Place	—		1,899		—		—			19,680		1,899		19,680		21,579		9,443		1998	1998	30 years
Birmingham, AL
Total Operating Properties Held For Sale	$	—	$	5,261	$	12,261	$	—		$	26,415	$	5,261	$	38,676	$	43,937	$	21,444

NOTES:

(a) Reconciliations of total real estate carrying value and accumulated depreciation for the three years ended December 31, 2013 are as follows:

	Real Estate									Accumulated Depreciation
	2013			2012			2011			2013			2012			2011
Balance at beginning of period	$	997,323		$	1,253,414		$	1,363,320		$	258,258		$	289,473		$	274,925
Additions during the period:
Acquisition	1,321,394			42,692			116,229			—			—			—
Improvements and other capitalized costs	86,376			49,559			50,009			—			—			—
Depreciation expense	—			—			—			56,234			48,607			52,630
	1,407,770			92,251			166,238			56,234			48,607			52,630
Deductions during the period:
Cost of real estate sold or foreclosed	(240,278		)	(334,552		)	(162,989		)	(57,341		)	(79,822		)	(29,110		)
Impairment losses	—			(13,790		)	(104,183		)	—			—			—
Write-off of fully depreciated assets	—			—			(8,972		)	—			—			(8,972		)
	(240,278		)	(348,342		)	(276,144		)	(57,341		)	(79,822		)	(38,082		)
Balance at end of period	$	2,164,815		$	997,323		$	1,253,414		$	257,151		$	258,258		$	289,473

(b) Buildings and improvements are depreciated over 24 to 42 years. Leasehold improvements and other capitalized leasing costs are depreciated over the life of the asset or the term of the lease, whichever is shorter.