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Investment in Unconsolidated Joint Ventures
 3 Months Ended
Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES 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 March 31, 2020 and December 31, 2019 (in thousands). The information included in the summary of operations table is for the three months ended March 31, 2020 and 2019 (in thousands):
 
 
Total Assets
 
Total Debt
 
Total Equity
 
Company’s Investment
 
SUMMARY OF FINANCIAL POSITION:
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
DC Charlotte Plaza LLLP
 
$
179,082

 
$
179,694

 
$
—

 
$
—

 
$
92,162

 
$
90,373

 
$
48,807

 
$
48,058

 
Austin 300 Colorado Project, LP
 
140,520

 
112,630

 
42,226

 
21,430

 
68,145

 
68,101

 
37,239

 
36,846

 
AMCO 120 WT Holdings, LLC
 
79,703

 
77,377

 
—

 
—

 
74,908

 
70,696

 
14,146

 
13,362

 
Carolina Square Holdings LP
 
102,523

 
114,483

 
76,074

 
75,662

 
24,735

 
25,184

 
13,816

 
14,414

 
HICO Victory Center LP
 
15,543

 
16,045

 
—

 
—

 
15,479

 
15,353

 
10,460

 
10,373

 
Charlotte Gateway Village, LLC
 
—

 
109,675

 
—

 
—

 
—

 
106,651

 
—

 
6,718

 
Wildwood Associates
 
—

 
11,061

 
—

 
—

 
—

 
10,978

 
—


(521
)
(1)
Crawford Long - CPI, LLC
 
30,069

 
28,459

 
67,543

 
67,947

 
(39,215
)
 
(40,250
)
 
(18,708
)
(1)
(19,205
)
(1)
Other
 
8,899

 
8,879

 
—

 
—

 
7,353

 
7,318

 
4,448

 
4,113

 
 
 
$
556,339

 
$
658,303

 
$
185,843

 
$
165,039

 
$
243,567

 
$
354,404

 
$
110,208

 
$
114,158

 

 
 
Total Revenues
 
Net Income (Loss)
 
Company's Share of Income (Loss)
SUMMARY OF OPERATIONS:
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
Charlotte Gateway Village, LLC
 
$
6,572

 
$
6,743

 
$
3,296

 
$
2,524

 
$
1,647

 
$
1,262

DC Charlotte Plaza LLLP
 
5,276

 
410

 
1,789

 
410

 
750

 
205

Crawford Long - CPI, LLC
 
3,343

 
3,129

 
1,035

 
889

 
497

 
424

Carolina Square Holdings LP
 
3,706

 
3,294

 
530

 
170

 
254

 
58

HICO Victory Center LP
 
126

 
130

 
126

 
130

 
63

 
62

Austin 300 Colorado Project, LP
 
98

 
126

 
44

 
72

 
22

 
36

Terminus Office Holdings LLC
 
—

 
11,797

 
—

 
1,831

 
—

 
880

AMCO 120 WT Holdings, LLC
 
138

 
—

 
(509
)
 
(10
)
 
(141
)
 
—

Other
 
196

 
32

 
61

 
(39
)
 
333

 
(23
)
 
 
$
19,455

 
$
25,661

 
$
6,372

 
$
5,977

 
$
3,425

 
$
2,904


(1) Negative bases are included in deferred income on the condensed consolidated balance sheets.
In March 2020, the Company sold its interest in Charlotte Gateway Village, LLC ("Gateway"), which owned a 1.1 million square foot office building in Charlotte, North Carolina, to its partner for a gross purchase price of $52.2 million. The sale was triggered by the exercise of the partner's purchase option and the proceeds from this sale represent a 17% internal rate of return for the Company on its invested capital, as stipulated in the partnership agreement. The Company recognized a gain of $44.9 million on the sale of its interest in Gateway.
In February 2020, as part of its strategy in regards to disposal of non-core assets, the Company sold its remaining interest in the Wildwood Associates joint venture, which owned a 6.3 acre parcel of land in Atlanta, to its venture partner for a gross purchase price of $900,000. The Company recognized a gain of $1.3 million on the sale of its interest in Wildwood Associates, which included elimination of the remaining negative basis in the joint venture of $520,000.
In April 2020, the Carolina Square Holdings LP joint venture executed an amendment for its associated construction loan, extending the maturity date from May 2020 to May 2021 and reducing the spread over LIBOR from 1.90% to 1.25%.