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 June 30, 2018 and December 31, 2017. The information included in the summary of operations table is for the six months ended June 30, 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	$	259,619	$	261,999	$	200,957	$	203,131	$	48,103		$	48,033		$	47,349				$	24,898
DC Charlotte Plaza LLLP	98,068		53,791		—		—		72,225			42,853			35,647					22,293
Carolina Square Holdings LP	108,915		106,580		73,140		64,412		34,093			33,648			19,450					19,384
Charlotte Gateway Village, LLC	115,244		124,691		—		—		110,570			121,386			8,677					14,568
Austin 300 Colorado Project, LP	33,630		—		—		—		33,569			—			15,483					—
HICO Victory Center LP	14,734		14,403		—		—		14,603			14,401			9,865					9,752
CL Realty, L.L.C.	8,098		8,287		—		—		8,029			8,127			2,932					2,980
AMCO 120 WT Holdings, LLC	24,384		18,066		—		—		24,407			16,354			2,853					1,664
Temco Associates, LLC	4,485		4,441		—		—		4,380			4,337			896					875
EP II LLC	260		277		—		—		160			180			28					44
EP I LLC	501		521		—		—		315			319			21					25
HICO Avalon II, LLC	—		6,379		—		—		—			6,303			—					4,931
Wildwood Associates	11,228		16,337		—		—		11,162			16,297			(433		)	(1	)	(1,151		)	(1	)
Crawford Long - CPI, LLC	27,867		27,362		70,293		71,047		(44,777		)	(44,815		)	(21,345		)	(1	)	(21,323		)	(1	)
	$	707,033	$	643,134	$	344,390	$	338,590	$	316,839		$	267,423		$	121,423				$	78,940



	Total Revenues				Net Income (Loss)						Company's Share of Income (Loss)
SUMMARY OF OPERATIONS:	2018		2017		2018			2017			2018			2017
Wildwood Associates	$	—	$	—	$	(1,086	)	$	(51	)	$	2,750		$	(26	)
Charlotte Gateway Village, LLC	13,477		13,380		5,189			4,734			2,594			2,367
Terminus Office Holdings	22,318		21,908		3,070			3,178			1,597			1,769
Crawford Long - CPI, LLC	6,259		6,033		1,730			1,516			824			758
HICO Victory Center LP	202		171		202			171			106			114
Austin 300 Colorado Project, LP	285		—		172			—			86			—
Temco Associates, LLC	80		80		36			41			21			25
Carolina Square Holdings LP	5,361		40		445			(94		)	17			—
Courvoisier Centre JV, LLC	—		6,554		—			(1,083		)	5			(195		)
EP I LLC	19		4,103		(4		)	44,929			(5		)	28,525
HICO Avalon II, LLC	—		—		(14		)	—			(10		)	—
EP II LLC	—		2,643		(21		)	12,967			(15		)	9,725
CL Realty, L.L.C.	—		2,599		(71		)	2,415			(49		)	430
DC Charlotte Plaza LLLP	—		2		—			2			—			2
111 West Rio Building	—		—		—			—			—			(2,593		)
AMCO 120 WT Holdings, LLC	—		—		(24		)	(12		)	—			—
	$	48,001	$	57,513	$	9,624		$	68,713		$	7,921		$	40,901

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

Hico Avalon II LLC, a joint venture between the Company and Hines Avalon II Investor, LLC ("Hines"), commenced development of a 251,000 square foot office building. Pursuant to the joint venture agreement, all predevelopment expenditures were funded 75% by the Company and 25% by Hines until June 2018 when a notice to proceed was issued to the general contractor. At this time, the capital accounts and economics of the joint venture were adjusted such that the Company owns 90% of the venture and Hines owns 10%. Additionally, the Company now has control over the operational aspects of the venture and, therefore, has consolidated the joint venture.

In the second quarter of 2018, the Carolina Square Holdings LP joint venture executed the first of two one-year extensions for its associated construction loan, extending the maturity date to May 2019.