INVESTMENT IN UNCONSOLIDATED JOINT VENTURES

The Company describes its investments in unconsolidated joint ventures in note 6 of notes to consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2016. The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of September 30, 2017 and December 31, 2016 (in thousands):



	Total Assets				Total Debt				Total Equity						Company’s Investment
SUMMARY OF FINANCIAL POSITION:	2017		2016		2017		2016		2017			2016			2017				2016
Terminus Office Holdings	$	268,531	$	268,242	$	204,390	$	207,545	$	50,633		$	49,476		$	26,204			$	25,686
EP I LLC	1,517		78,537		—		58,029		1,269			18,962			738				18,551
EP II LLC	392		67,754		—		44,969		296			21,743			130				17,606
Charlotte Gateway Village, LLC	129,109		119,054		—		—		124,012			116,809			15,397				11,796
HICO Victory Center LP	14,294		14,124		—		—		14,290			13,869			9,695				9,506
Carolina Square Holdings LP	102,370		66,922		62,180		23,741		34,080			34,173			18,843				18,325
CL Realty, L.L.C.	8,287		8,047		—		—		8,156			7,899			2,852				3,644
DC Charlotte Plaza LLLP	39,156		17,940		—		—		34,255			17,073			17,475				8,937
Temco Associates, LLC	4,426		4,368		—		—		4,323			4,253			864				829
Wildwood Associates	16,368		16,351		—		—		16,227			16,314			(1,186		)	(1)	(1,143		)	(1)
Crawford Long - CPI, LLC	28,621		27,523		71,690		72,822		(44,787		)	(45,928		)	(21,296		)	(1)	(21,866		)	(1)
111 West Rio Building	—		59,399		—		12,852		—			32,855			—				52,206
Courvoisier Centre JV, LLC	182,262		172,197		106,500		106,500		68,480			69,479			11,719				11,782
HICO Avalon II, LLC	987		—		—		—		532			—			4,366				—
AMCO 120 WT Holdings, LLC	13,286		10,446		—		—		12,678			9,136			939				184
Other	—		—		—		—		—			—			—				345
	$	809,606	$	930,904	$	444,760	$	526,458	$	324,444		$	366,113		$	86,740			$	156,388

(1) Negative balances are included in deferred income on the balance sheets.

The following table summarizes statement of operations information of the Company's unconsolidated joint ventures for the nine months ended September 30, 2017 and 2016 (in thousands):



	Total Revenues				Net Income (Loss)						Company's Share of Income (Loss)
SUMMARY OF OPERATIONS:	2017		2016		2017			2016			2017			2016
Terminus Office Holdings	$	33,503	$	31,630	$	4,907		$	3,874		$	2,453		$	1,937
EP I LLC	4,094		7,919		44,865			1,417			28,479			1,206
EP II LLC	2,644		3,605		13,023			(1,194		)	9,768			(1,043		)
Charlotte Gateway Village, LLC	20,125		26,245		7,202			11,077			3,601			1,447
HICO Victory Center LP	320		307		320			300			171			131
Carolina Square Holdings LP	640		—		(100		)	—			19			—
CL Realty, L.L.C.	2,899		327		2,657			105			408			70
DC Charlotte Plaza LLLP	2		47		2			45			1			24
Temco Associates, LLC	144		180		70			83			35			122
Wildwood Associates	—		—		(86		)	(106		)	(43		)	(53		)
Crawford Long - CPI, LLC	9,017		9,101		2,285			2,005			1,142			1,003
111 West Rio Building	—		—		—			—			(2,592		)	—
Courvoisier Centre JV, LLC	12,701		—		(1,000		)	—			(80		)	—
HICO Avalon II, LLC	—		—		(68		)	—			—			—
AMCO 120 WT Holdings, LLC	—		—		(22		)	—			—			—
Other	—		—		—			—			—			300
	$	86,089	$	79,361	$	74,055		$	17,606		$	43,362		$	5,144

On May 3, 2017, EP I LLC and EP II LLC sold the properties that they owned for a combined gross sales price of $199.0 million. After repayment of debt, the Company received a distribution of $70.0 million and recognized a gain of $37.9 million, which is recorded in income from unconsolidated joint ventures.

In June 2017, HICO Avalon II, LLC ("Avalon II"), a joint venture between the Company and Hines Avalon II Investor, LLC ("Hines II") was formed for the purpose of acquiring and potentially developing an office building in Alpharetta, Georgia. Pursuant to the joint venture agreement, all predevelopment expenditures are funded 75% by Cousins and 25% by Hines II. The Company has accounted for its investment in Avalon II using the equity method as the Company does not currently control the activities of the venture. If Avalon II commences construction, subsequent development expenditures will be funded 90% by Cousins and 10% by Hines II. Additionally, Cousins will have control over the operational aspects of the venture, and the Company expects to consolidate the venture at that time.