INVESTMENT IN UNCONSOLIDATED JOINT VENTURES

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 September 30, 2018 and December 31, 2017. The information included in the summary of operations table is for the nine months ended September 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	$	260,668	$	261,999	$	199,851	$	203,131	$	49,458		$	48,033		$	48,019				$	24,898
DC Charlotte Plaza LLLP	129,916		53,791		—		—		84,385			42,853			43,656					22,293
Austin 300 Colorado Project, LP	39,467		—		—		—		37,187			—			19,180					—
Carolina Square Holdings LP	109,830		106,580		73,993		64,412		34,305			33,648			16,943					19,384
HICO Victory Center LP	14,857		14,403		—		—		14,683			14,401			9,925					9,752
Charlotte Gateway Village, LLC	115,071		124,691		—		—		110,172			121,386			8,478					14,568
AMCO 120 WT Holdings, LLC	28,791		18,066		—		—		24,878			16,354			4,004					1,664
CL Realty, L.L.C.	4,342		8,287		—		—		4,228			8,127			2,909					2,980
Temco Associates, LLC	4,506		4,441		—		—		4,402			4,337			907					875
EP II LLC	254		277		—		—		160			180			28					44
EP I LLC	501		521		—		—		320			319			21					25
HICO Avalon II, LLC	—		6,379		—		—		—			6,303			—					4,931
Wildwood Associates	11,219		16,337		—		—		11,140			16,297			(444		)	(1	)	(1,151		)	(1	)
Crawford Long - CPI, LLC	27,296		27,362		69,911		71,047		(44,561		)	(44,815		)	(21,258		)	(1	)	(21,323		)	(1	)
	$	746,718	$	643,134	$	343,755	$	338,590	$	330,757		$	267,423		$	132,368				$	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	$	20,043	$	20,125	$	7,792		$	7,202		$	3,896		$	3,601
Wildwood Associates	—		—		(1,108		)	(86		)	2,739			(43		)
Terminus Office Holdings	33,545		33,503		4,424			4,907			2,276			2,453
Crawford Long - CPI, LLC	9,381		9,017		2,631			2,285			1,254			1,142
HICO Victory Center LP	282		320		282			320			160			171
Austin 300 Colorado Project, LP	385		—		173			—			86			—
Temco Associates, LLC	128		144		58			70			32			35
Courvoisier Centre JV, LLC	—		12,701		—			(1,000		)	5			(80		)
111 West Rio Building	—		—		—			—			—			(2,592		)
AMCO 120 WT Holdings, LLC	—		—		(28		)	(22		)	—			—
DC Charlotte Plaza LLLP	—		2		—			2			(1		)	1
EP I LLC	27		4,094		1			44,865			(5		)	28,479
HICO Avalon II, LLC	—		—		(14		)	—			(10		)	—
EP II LLC	—		2,644		(21		)	13,023			(15		)	9,768
CL Realty, L.L.C.	—		2,899		(116		)	2,657			(71		)	408
Carolina Square Holdings LP	7,403		640		5			(100		)	(173		)	19
	$	71,194	$	86,089	$	14,079		$	74,123		$	10,173		$	43,362

(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 10000 Avalon, a 251,000 square foot office building in Atlanta, GA. 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.