Investment in Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Unconsolidated Joint Ventures

Information relating to these unconsolidated joint ventures is summarized below (in thousands):

Joint Venture Entity	Location	Parkway's Ownership%	Number of Properties	Square Feet	Percentage Occupied	Balance at March 31, 2014		Balance at December 31, 2013
PKY/CalSTRS Austin, LLC ("Austin Joint Venture")	Austin, TX	40.00%	5	2,433	82.7%	$	77,412	$	93,171
US Airways Building Tenancy in Common ("US Airways Building")	Phoenix, AZ	74.58%	1	225	100.0%	42,811		42,501
7000 Central Park JV LLC ("7000 Central Park")	Atlanta, GA	40.00%	1	415	77.9%	15,561		15,490
			7	3,073	83.3%	$	135,784	$	151,162

Schedule of Equity Method Investments Financial Information

The following table summarizes the balance sheet of the unconsolidated joint ventures at March 31, 2014 (in thousands):

	US Airways Building		7000 Central Park		Austin Joint Venture		Total
Cash	$	2,284	$	2,433	$	5,601	$	10,318
Restricted cash	—		153		1,062		1,215
Real estate, net	48,790		48,979		719,247		817,016
Intangible assets, net	5,486		6,572		56,542		68,600
Other assets	474		935		14,551		15,960
Total assets	$	57,034	$	59,072	$	797,003	$	913,109
Mortgage debt	$	13,693	$	30,000	$	627,905	$	671,598
Other liabilities	363		2,021		38,733		41,117
Partners' equity	42,978		27,051		130,365		200,394
Total liabilities & partners' equity	$	57,034	$	59,072	$	797,003	$	913,109

The following table summarizes the income statements of the unconsolidated joint ventures for the three months ended March 31, 2014 (in thousands):

	US Airways Building		7000 Central Park			Austin Joint Venture			Total
Revenues	$	1,126	$	1,848		$	13,364		$	16,338
Operating expenses	—		850			5,591			6,441
Net operating income	1,126		998			7,773			9,897
Interest expense	104		(85		)	5,169			5,188
Depreciation and amortization	522		1,160			5,569			7,251
Net income (loss)	$	500	$	(77	)	$	(2,965	)	$	(2,542	)