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Investment in Unconsolidated Joint Ventures
 3 Months Ended
Mar. 31, 2021
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, 2021 and December 31, 2020 (in thousands). The information included in the summary of operations table is for the three months ended March 31, 2021 and 2020 (in thousands):
 Total AssetsTotal DebtTotal EquityCompany’s Investment
SUMMARY OF FINANCIAL POSITION:20212020202120202021202020212020
DC Charlotte Plaza LLLP$172,479 $173,704 $— $— $90,542 $90,648 $47,853 $47,941 
Austin 300 Colorado Project, LP166,909 165,586 88,159 86,848 68,760 68,567 38,855 38,488 
AMCO 120 WT Holdings, LLC85,688 85,449 — — 84,176 84,311 15,716 15,735 
HICO Victory Center LP15,923 16,544 — — 15,813 15,709 10,638 10,595 
Carolina Square Holdings LP117,694 118,616 134,284 77,034 (35,227)21,888 (12,988)(1)12,430 
Crawford Long - CPI, LLC 27,349 29,641 65,892 66,423 (40,280)(38,253)(19,323)(1)(18,289)(1)
Other1,313 1,313 — — 1,316 1,316 291 292 
$587,355 $590,853 $288,335 $230,305 $185,100 $244,186 $81,042 $107,192 
 Total RevenuesNet Income (Loss)Company's Share of Income (Loss)
SUMMARY OF OPERATIONS:202120202021202020212020
DC Charlotte Plaza LLLP$5,059 $5,276 $1,795 $1,789 $836 $750 
Austin 300 Colorado Project, LP1,672 98 193 44 84 22 
AMCO 120 WT Holdings, LLC1,607 138 (135)(509)(21)(141)
Carolina Square Holdings LP3,977 3,706 1,088 530 520 254 
HICO Victory Center LP83 126 83 126 42 63 
Charlotte Gateway Village, LLC — 6,572 (4)3,296 (2)1,647 
Crawford Long - CPI, LLC 3,117 3,343 973 1,035 444 497 
Other— 196 — 61 — 333 
$15,515 $19,455 $3,993 $6,372 $1,903 $3,425 
(1) Negative bases are included in deferred income on the consolidated balance sheets.
In March 2021, Carolina Square Holdings LP ("Carolina Square"), a 50% owned joint venture with NR 123 Franklin LLC ("Northwood Ravin"), issued a non-recourse mortgage note with a principal balance of $135.7 million. Proceeds from the issuance of this mortgage note were used to repay in full its $77.5 million construction loan that was set to mature May 1, 2021 and to make a pro-rata distribution of $26.0 million to each partner. The mortgage loan bears interest at the London Interbank Offering Rate ("LIBOR") plus 1.80% and matures on March 18, 2026.
In March 2020, the Company sold its 50% owned joint venture interest in Charlotte Gateway Village, LLC ("Gateway"), which owned a 1.1 million square foot office building in Charlotte, to its partner for a gross sales 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 $44.6 million on the sale of its interest in Gateway, net of $188,000 of estimated state income tax.
In February 2020, as part of its strategy to dispose 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 sales 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.