Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

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, 2015

(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 2015 Statement of Operations is Computed (b)
OPERATING PROPERTIES
Greenway Plaza	$	—	$	273,651	$	595,547	$	—	$	76,561	$	273,651	$	672,108	$	945,759	$	85,617	—	2013	30 years
Houston, TX
Northpark Town Center	—		24,577		295,825		—		10,741		24,577		306,566		331,143		15,006		—	2014	39 years
Atlanta, GA
Fifth Third Center	—		22,863		180,430		—		5,701		22,863		186,131		208,994		8,671		—	2014	40 years
Charlotte, NC
191 Peachtree Tower	100,000		5,355		141,012		4,034		98,643		9,389		239,655		249,044		88,637		—	2006	40 years
Atlanta, GA
Post Oak Central	181,770		87,264		129,347		—		36,047		87,264		165,394		252,658		26,333		—	2013	42 years
Houston, TX
Promenade	108,203		13,439		102,790		—		33,987		13,439		136,777		150,216		25,841		—	2011	34 years
Atlanta, GA
The American Cancer Society Center	129,342		5,226		67,370		—		31,953		5,226		99,323		104,549		68,082		—	1999	25 years
Atlanta, GA
816 Congress	85,000		6,817		89,891		3,282		10,712		10,099		100,603		110,702		10,096		—	2013	42 years
Austin, TX
Meridian Mark Plaza	24,978		2,219		—		—		28,142		2,219		28,142		30,361		17,656		1997	1997	30 years
Atlanta, GA
221 Peachtree Center Avenue Parking Garage	—		4,217		13,337		1		347		4,218		13,684		17,902		3,127		—	2007	39 years
Atlanta, GA
Colorado Tower	—		—		—		4,014		110,906		4,014		110,906		114,920		3,284		2013	2013	30 years
Austin, TX
Research Park	—		4,373		—		—		26,510		4,373		26,510		30,883		—		2014	1998	0 years
Austin, TX
Total Operating Properties	$	629,293	$	450,001	$	1,615,549	$	11,331	$	470,250	$	461,332	$	2,085,799	$	2,547,131	$	352,350

			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 2015 Statement of Operations is Computed (b)
PROJECTS UNDER DEVELOPMENT
NCR Phase 1	—		20,032		—		—			7,858		20,032		7,858		27,890		—		2015	2015	0 years
Atlanta, GA
Total Projects Under Development	$	—	$	20,032	$	—	$	—		$	7,858	$	20,032	$	7,858	$	27,890	$	—
LAND
Commercial Land
Land Adjacent to The Avenue Forsyth	—		11,240		—		(7,540		)	—		3,700		—		3,700		—		—	2007	0 years
Suburban Atlanta, GA
NCR Phase II	—		8,099		—		—			—		8,099		—		8,099		—		—	2015	0 years
Atlanta, GA
North Point	—		10,294		—		(8,851		)	—		1,443		—		1,443		—		—	1970-1985	0 years
Suburban Atlanta, GA
Total Commercial Land	$	—	$	29,633	$	—	$	(16,391	)	$	—	$	13,242	$	—	$	13,242	$	—
Residential Land
Callaway Gardens	—		1,584		—		3,003			—		4,587		—		4,587		—		2006	2006	0 years
Pine Mountain, GA
Total Residential Land	$	—	$	1,584	$	—	$	3,003		$	—	$	4,587	$	—	$	4,587	$	—
Total Land	$	—	$	31,217	$	—	$	(13,388	)	$	—	$	17,829	$	—	$	17,829	$	—
Operating properties held for sale
100 North Point Center East	—		1,475		9,625		(11		)	2,404		1,464		12,029		13,493		7,072		—	2003	25 years
Suburban Atlanta, GA
Total Operating Properties held for sale	$	—	$	1,475	$	9,625	$	(11	)	$	2,404	$	1,464	$	12,029	$	13,493	$	7,072
Total Properties	$	629,293	$	502,725	$	1,625,174	$	(2,068	)	$	480,512	$	500,657	$	2,105,686	$	2,606,343	$	359,422

NOTES:

(a) Reconciliations of total real estate carrying value and accumulated depreciation for the three years ended December 31, 2015 are as follows:

	Real Estate									Accumulated Depreciation
	2015			2014			2013			2015			2014			2013
Balance at beginning of period	$	2,619,488		$	2,164,815		$	997,323		$	324,543		$	257,151		$	258,258
Additions during the period:
Acquisition	28,131			523,695			1,321,394			—			—			—
Improvements and other capitalized costs	139,676			109,959			86,376			—			—			—
Depreciation expense	—			—			—			99,067			86,824			56,234
	167,807			633,654			1,407,770			99,067			86,824			56,234
Deductions during the period:
Cost of real estate sold or foreclosed	(180,952		)	(178,981		)	(240,278		)	(64,188		)	(19,432		)	(57,341		)
Write-off of fully depreciated assets	—			—			—			—			—			—
	(180,952		)	(178,981		)	(240,278		)	(64,188		)	(19,432		)	(57,341		)
Balance at end of period	$	2,606,343		$	2,619,488		$	2,164,815		$	359,422		$	324,543		$	257,151

(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.