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, 2017. The following information summarizes financial data and principal activities of the Company's unconsolidated joint ventures. The information included in the following table entitled summary of financial position is as of March 31, 2018 and December 31, 2017. The information included in the summary of operations table is for the three months ended March 31, 2018 and 2017 (in thousands).



	Total Assets				Total Debt				Total Equity						Company’s Investment
SUMMARY OF FINANCIAL POSITION:	2018		2017		2018		2017		2018			2017			2018					2017
Terminus Office Holdings	$	259,812	$	261,999	$	202,051	$	203,131	$	46,632		$	48,033		$	46,583				$	24,898
DC Charlotte Plaza LLLP	65,588		53,791		—		—		55,121			42,853			28,544					22,293
Carolina Square Holdings LP	107,975		106,580		70,426		64,412		33,850			33,648			19,235					19,384
Charlotte Gateway Village, LLC	127,198		124,691		—		—		123,674			121,386			15,459					14,568
Austin 300 Colorado Project, LP	32,896		—		—		—		32,846			—			14,606					—
HICO Victory Center LP	14,500		14,403		—		—		14,497			14,401			9,803					9,752
HICO Avalon II, LLC	6,570		6,379		—		—		6,540			6,303			5,104					4,931
CL Realty, L.L.C.	8,114		8,287		—		—		8,056			8,127			2,953					2,980
AMCO 120 WT Holdings, LLC	20,879		18,066		—		—		18,972			16,354			2,239					1,664
Temco Associates, LLC	4,470		4,441		—		—		4,367			4,337			886					875
EP II LLC	270		277		—		—		175			180			40					44
EP I LLC	498		521		—		—		303			319			13					25
Wildwood Associates	14,884		16,337		—		—		14,828			16,297			(1,077		)	(1	)	(1,151		)	(1	)
Crawford Long - CPI, LLC	27,239		27,362		70,672		71,047		(44,982		)	(44,815		)	(21,427		)	(1	)	(21,323		)	(1	)
	$	690,893	$	643,134	$	343,149	$	338,590	$	314,879		$	267,423		$	122,961				$	78,940



	Total Revenues				Net Income (Loss)						Company's Share of Income (Loss)
SUMMARY OF OPERATIONS:	2018		2017		2018			2017			2018			2017
Charlotte Gateway Village, LLC	$	6,772	$	6,719	$	2,793		$	2,365		$	1,397		$	1,182
Terminus Office Holdings	10,922		10,946		1,599			1,635			830			818
Crawford Long - CPI, LLC	3,126		3,019		823			769			391			384
Wildwood Associates	—		—		(1,000		)	(29		)	317			(14		)
Courvoisier Centre JV, LLC	—		2,636		—			(388		)	63			(96		)
HICO Victory Center LP	96		85		96			85			50			54
Austin 300 Colorado Project, LP	150		—		99			—			49			—
Temco Associates, LLC	48		48		22			27			11			17
HICO Avalon II, LLC	—		—		(5		)	—			(4		)	—
EP II LLC	—		1,910		(5		)	137			(4		)	99
EP I LLC	4		3,065		(16		)	544			(12		)	282
CL Realty, L.L.C.	—		2,599		(44		)	2,463			(28		)	435
Carolina Square Holdings LP	2,614		24		202			(45		)	(175		)	—
DC Charlotte Plaza LLLP	—		1		—			1			—			1
111 West Rio Building	—		—		—			—			—			(2,581		)
AMCO 120 WT Holdings, LLC	—		—		(7		)	(7		)	—			—
	$	23,732	$	31,052	$	4,557		$	7,557		$	2,885		$	581

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

In 2018, Austin 300 Colorado Project, LP, a joint venture between the Company, 3C Block 28 Partners, LP ("3CB"), and 3C RR Xylem, LP ("3CRR") was formed for the purpose of developing a 309,000 square foot office building in Austin, Texas. The Company owns a 50% interest in the venture, 3CB owns a 34.5% interest, and 3CRR owns a 15.5% interest. The Company has accounted for its investment in 300 Colorado using the equity method as the Company does not control the activities of the venture. Upon formation, 3CB and 3CRR contributed land for use by the joint venture in the development project, the Company made an initial contribution of $6.0 million in cash, and 300 Colorado assumed a ground lease for an additional parcel of land.