Investment in Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Unconsolidated Joint Ventures

Information relating to these unconsolidated joint ventures is summarized below (in thousands, except ownership %):

			December 31,
Joint Venture Entity	Location	Parkway's Ownership%	2013		2012
PKY/CalSTRS Austin, LLC	Austin, TX	50.00%	$	93,171	$	—
US Airways Building Tenancy in Common	Phoenix, AZ	74.58%	42,501		—
7000 Central Park JV LLC ("7000 Central Park")	Atlanta, GA	40.00%	15,490		—
			$	151,162	$	—

Summary of Financial Information of the Unconsolidated Joint Ventures

The following table summarizes the balance sheet of the unconsolidated joint ventures at December 31, 2013 (in thousands):

	US Airways		7000 Central Park		PKY/ CalSTRS Austin, LLC		Total
Cash	$	2,471	$	179	$	9,432	$	12,082
Restricted cash	—		—		5,846		5,846
Real estate, net	49,176		49,852		723,563		822,591
Intangible assets, net	2,809		4,832		55,593		63,234
Other assets	3,145		4,147		14,638		21,930
Total assets	$	57,601	$	59,010	$	809,072	$	925,683
Mortgage debt	$	13,777	$	30,000	$	628,066	$	671,843
Other liabilities	1,143		1,687		34,365		37,195
Below Market Rents	—		—		21,187		21,187
Partners' equity	42,681		27,323		125,454		195,458
Total liabilities & partners' equity	$	57,601	$	59,010	$	809,072	$	925,683

The following table summarizes the income statements of the unconsolidated joint ventures from acquisition date through December 31, 2013 (in thousands):

	US Airways		7000 Central Park			PKY CalSTRS Austin, LLC			Total
Revenues	$	2,560	$	1,136		$	3,595		$	7,291
Operating Expenses	—		778			1,661			2,439
Net Operating Income	2,560		358			1,934			4,852
Interest Expense	209		270			1,335			1,814
Depreciation and Amortization	1,219		836			1,577			3,632
Net Income (Loss)	$	1,132	$	(748	)	$	(978	)	$	(594	)