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Investment in Unconsolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of unconsolidated joint ventures
Information relating to these unconsolidated joint ventures is summarized below (dollars in thousands):
Joint Venture Entity
 
Location
 
Parkway's Ownership%
 
Investment Balance at March 31, 2016
 
Investment Balance at December 31, 2015
US Airways Building Tenancy in Common ("US Airways Building")
 
Phoenix, AZ
 
74.58%
 
$
38,131

 
$
38,472

7000 Central Park JV LLC ("7000 Central Park") (1)
 
Atlanta, GA
 
40.00%
 
124

 
120

Tryon Place, LLC (2)
 
Charlotte, NC
 
14.80%
 
1,000

 
1,000

Courvoisier Centre JV, LLC ("Courvoisier Joint Venture")
 
Miami, FL
 
20.00%
 
6,512

 
—

 
 
 
 
 
 
$
45,767

 
$
39,592


(1) The Company and its joint venture partner sold 7000 Central Park on November 6, 2015.
(2) On December 23, 2015, the Company entered into a joint venture agreement with a third party investor for the purpose of exploring a development opportunity in Charlotte, North Carolina.
Schedule of equity method investments financial information
The following table summarizes the balance sheets of the unconsolidated joint ventures at March 31, 2016 and December 31, 2015 (in thousands):    
 
 
March 31, 2016
 
December 31, 2015
Cash
 
$
1,756

 
$
559

Restricted cash
 
44

 
—

Real estate, net
 
213,953

 
46,087

Intangible assets, net
 
9,572

 
2,265

Receivables and other assets
 
11,872

 
3,513

Total assets
 
$
237,197

 
$
52,424

 
 
 
 
 
Mortgage debt
 
$
118,063

 
$
13,105

Other liabilities
 
9,421

 
466

Partners' equity
 
109,713

 
38,853

Total liabilities and partners' equity
 
$
237,197

 
$
52,424



The following table summarizes the statements of operations of the unconsolidated joint ventures for the three months ended March 31, 2016 and March 31, 2015 (in thousands):    
 
 
Three Months Ended
 
 
March 31, 2016
 
March 31, 2015
Revenues
 
$
3,623

 
$
2,967

Operating expenses
 
(1,388
)
 
(1,035
)
Depreciation and amortization
 
(1,541
)
 
(2,151
)
Operating income (loss) before other income and expenses
 
694

 
(219
)
Interest expense
 
(848
)
 
(249
)
Loan cost amortization
 
(25
)
 
(43
)
Net loss
 
$
(179
)
 
$
(511
)