Cousins Properties (CUZ) 10-Q 6 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	COUSINS PROPERTIES INC
Entity Central Index Key	25232
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		216,602,185

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
PROPERTIES:
Operating properties, net of accumulated depreciation of $348,142 and $324,543 in 2015 and 2014, respectively	$2,271,966	$2,181,684
Projects under development, net of accumulated depreciation of $202 in 2015	10,101	91,615
Land	20,971	21,646
Total properties	2,303,038	2,294,945
Cash and cash equivalents	4,388	0
Restricted cash	4,773	5,042
Notes and accounts receivable, net of allowance for doubtful accounts of $1,678 and $1,643 in 2015 and 2014, respectively	12,109	10,732
Deferred rents receivable	64,161	57,939
Investment in unconsolidated joint ventures	100,821	100,498
Intangible assets, net of accumulated amortization of $87,595 and $76,050 in 2015 and 2014, respectively	152,719	163,244
Other assets	42,652	34,930
Total assets	2,684,661	2,667,330
LIABILITIES AND EQUITY
Notes payable	847,948	792,344
Accounts payable and accrued expenses	51,102	76,240
Deferred income	22,822	23,277
Intangible liabilities, net of accumulated amortization of $19,605 and $16,897 in 2015 and 2014, respectively	67,313	70,020
Other liabilities	32,541	31,991
Total liabilities	1,021,726	993,872
STOCKHOLDERS' INVESTMENT:
Common stock, $1 par value, 350,000,000 and 250,000,000 shares authorized, 220,172,267 and 220,082,610 shares issued in 2015 and 2014, respectively	220,172	220,083
Additional paid-in capital	1,720,506	1,720,972
Treasury stock at cost, 3,570,082 shares in 2015 and 2014	-86,840	-86,840
Distributions in excess of cumulative net income	-190,903	-180,757
Total equity	1,662,935	1,673,458
Total liabilities and equity	$2,684,661	$2,667,330

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2014
PROPERTIES:
Accumulated depreciation on operating properties	$324,543	$348,142
Development in Process, Accumulated Depreciation	0	0
Real Estate Held for Sale, Accumulated Depreciation	0	0
Allowance for doubtful accounts for notes and other receivables	1,643	1,678
Intangible Liabilities, Accumulated Amortization	16,897	19,605
Finite-Lived Intangible Assets, Accumulated Amortization	$76,050	$87,595
Preferred stock, 20,000,000 shares authorized, $1 par value:
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$1	$1
Common stock, shares authorized	250,000,000	350,000,000
Common stock, shares issued	220,082,610	220,172,267
Treasury stock, shares	3,570,082	3,570,082
Preferred stock, dividend rate	0.00%
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred stock, liquidation preference	$0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES:
Rental property revenues	$90,033	$77,484
Fee income	1,816	2,338
Other	127	1,901
Total consolidated revenues	91,976	81,723
COSTS AND EXPENSES:
Rental property operating expenses	37,954	34,857
Reimbursed expenses	1,111	932
General and administrative expenses	3,493	5,611
Interest expense	7,677	7,167
Depreciation and amortization	36,147	34,140
Separation expenses	102	84
Acquisition and related costs	83	22
Other	357	494
Total costs and expenses	86,924	83,307
Income (loss) from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties	5,052	-1,584
Benefit for income taxes from operations	0	12
Income from unconsolidated joint ventures	1,611	1,286
Income (loss) from continuing operations before gain on sale of investment properties	6,663	-286
Gain on sale of investment properties	1,105	161
Income (loss) from continuing operations	7,768	-125
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:
Income (loss) from discontinued operations	-14	892
Gain (loss) on sale from discontinued operations	-551	6,365
Total income from discontinued operations	-565	7,257
Net income	7,203	7,132
Net income (loss) attributable to noncontrolling interests	0	-155
Net income attributable to controlling interests	7,203	6,977
Dividends to preferred stockholders	0	-1,777
Net income available to common stockholders	$7,203	$5,200
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:
Income (loss) from continuing operations attributable to controlling interest	$0.04	($0.01)
Income (loss) from discontinued operations	($0.01)	$0.04
Net income available to common stockholders	$0.03	$0.03
Weighted average shares b basic	216,568	191,739
Weighted average shares b diluted	216,754	191,952
Dividends declared per common share	$0.08	$0.08

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Equity (USD $)	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Treasury Stock	Distributions in Excess of Net Income	Stockholders' Investment	Nonredeemable Noncontrolling Interests
In Thousands, unless otherwise specified
Beginning Balance at Dec. 31, 2013	$1,458,972	$94,775	$193,236	$1,420,951	($86,840)	($164,721)	$1,457,401	$1,571
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	7,132	0	0	0	0	6,977	6,977	155
Common stock issued pursuant to:
Stock Issued During Period, Value, Stock Options Exercised	-20	0	3	-23	0	0	-20	0
Stock Issued During Period, Value, New Issues	98,564	0	8,700	89,864	0	0	98,564	0
Restricted stock grants, net of amounts withheld for income taxes	-916	0	54	-970	0	0	-916	0
Amortization of stock options and restricted stock, net of forfeitures	587	0	0	587	0	0	587	0
Distributions to noncontrolling interests	-153	0	0	0	0	0	0	-153
Preferred dividends paid	-1,777	0	0	0	0	-1,777	-1,777	0
Common dividends paid	-14,231	0	0	0	0	-14,231	-14,231	0
Ending Balance at Mar. 31, 2014	1,548,158	94,775	201,993	1,510,409	-86,840	-173,752	1,546,585	1,573
Beginning Balance at Dec. 31, 2014	1,673,458	0	220,083	1,720,972	-86,840	-180,757	1,673,458	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	7,203	0	0	0	0	7,203	7,203	0
Common stock issued pursuant to:
Stock Issued During Period, Value, Stock Options Exercised	-14	0	1	-15	0	0	-14	0
Restricted stock grants, net of amounts withheld for income taxes	-838	0	88	-926	0	0	-838	0
Amortization of stock options and restricted stock, net of forfeitures	475	0	0	475	0	0	475	0
Common dividends paid	-17,349	0	0	0	0	-17,349	-17,349	0
Ending Balance at Mar. 31, 2015	$1,662,935	$0	$220,172	$1,720,506	($86,840)	($190,903)	$1,662,935	$0

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Cash Flows [Abstract]
Net income	$7,203	$7,132
Adjustments to reconcile net loss to net cash provided by operating activities:
Gain on sale of investment properties, including discontinued operations	554	6,526
Depreciation and amortization, including discontinued operations	36,393	34,168
Amortization of deferred financing costs	222	295
Net amortization of stock options and restricted stock	475	587
Effect of certain non-cash adjustments to rental revenues	-8,929	-9,074
Income Loss from Unconsolidated Joint Ventures	1,611	1,286
Operating distributions from unconsolidated joint ventures	303	1,777
Changes in other operating assets and liabilities:
Change in other receivables and other assets, net	-7,447	-3,024
Change in operating liabilities	-23,616	-17,042
Net cash provided by operating activities	2,439	7,007
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales	1,314	19,970
Property acquisition, development, and tenant asset expenditures	-37,844	-36,653
Investment in unconsolidated joint ventures	-425	-2,659
Distributions from unconsolidated joint ventures	1,080	2,370
Change in notes receivable and other assets	-423	-993
Change in restricted cash	6	-668
Net cash used in investing activities	-36,292	-18,633
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility	94,100	82,525
Repayment of credit facility	-36,300	-122,600
Repayment of notes payable	-2,196	-2,577
Proceeds from the Issuance of Common Stock, including Option Exercises	14	-98,544
Common dividends paid	-17,349	-14,231
Preferred dividends paid	0	-1,777
Distributions to noncontrolling interests	0	-153
Net cash provided by financing activities	38,241	39,731
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,388	28,105
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	0	975
CASH AND CASH EQUIVALENTS AT END OF PERIOD	4,388	29,080
Interest paid, net of amounts capitalized	7,695	7,186
Accrued property acquisition, development, and tenant asset expenditures	($1,632)	$20,749

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION
	Cousins Properties Incorporated (“Cousins”), a Georgia corporation, is a self-administered and self-managed real estate investment trust (“REIT”). Through December 31, 2014, Cousins Real Estate Corporation (“CREC”) was a taxable entity wholly-owned by and consolidated with Cousins. CREC owned, developed, and managed its own real estate portfolio and performed certain real estate related services for other parties. On December 31, 2014, CREC merged into Cousins and coincident with this merger, Cousins formed Cousins TRS Services LLC ("CTRS"), a new taxable entity wholly-owned by Cousins. Upon formation, CTRS received a capital contribution of some of the real estate assets and contracts that were previously owned by CREC. CTRS owns and manages its own real estate portfolio and performs certain real estate related services for other parties. All of the entities included in the condensed consolidated financial statements are hereinafter referred to collectively as the "Company."
	The Company develops, acquires, leases, manages, and owns primarily Class A office assets and opportunistic mixed-use properties in Sunbelt markets with a focus on Georgia, Texas, and North Carolina. Cousins has elected to be taxed as a real estate investment trust (“REIT”) and intends to, among other things, distribute 90% of its net taxable income to stockholders, thereby eliminating any liability for federal income taxes under current law. Therefore, the results included herein do not include a federal income tax provision for Cousins.
	The condensed consolidated financial statements are unaudited and were prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements reflect all adjustments necessary (which adjustments are of a normal and recurring nature) for the fair presentation of the Company's financial position as of March 31, 2015 and the results of operations for the three months ended March 31, 2015 and 2014. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of results expected for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. The accounting policies employed are substantially the same as those shown in note 2 to the consolidated financial statements included in such Form 10-K.
	For the three months ended March 31, 2015 and 2014, there were no items of other comprehensive income. Therefore, no presentation of comprehensive income is required.
	The Company evaluates all partnerships, joint ventures and other arrangements with variable interests to determine if the entity or arrangement qualifies as a variable interest entity (“VIE”), as defined in the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC"). If the entity or arrangement qualifies as a VIE and the Company is determined to be the primary beneficiary, the Company is required to consolidate the assets, liabilities, and results of operations of the VIE.
	In April 2014, the FASB issued new guidance related to the presentation of discontinued operations. Prior to this new guidance, the Company included activity for all operating properties held for sale and disposals that it did not have "continuing involvement" as defined in discontinued operations on the statements of operations. Under the new guidance, only assets held for sale and disposals representing a major strategic shift in operations, such as the disposal of a line of business, a significant geographical area, or a major equity investment, will be presented as discontinued operations. Additionally, the new guidance requires expanded disclosures about discontinued operations that will provide more information about their assets, liabilities, income, and expenses. The guidance was effective for periods beginning after December 15, 2014 with early adoption permitted. The Company adopted this guidance in 2014.
	In May 2014, the FASB issued new guidance related to the accounting for revenue from contracts with customers. Under the new guidance, companies will recognize revenue when the seller satisfies a performance obligation, which would be when the buyer takes control of the good or service. This new guidance could result in different amounts of revenue being recognized and could result in revenue being recognized in different reporting periods than under the current guidance. The new guidance specifically excludes revenue associated with lease contracts. The guidance is effective for periods beginning after December 15, 2017 and early adoption is prohibited.
	Certain prior year amounts have been reclassified for consistency with the current period presentation. In first quarter of 2015, the Company concluded that certain liabilities associated with variable stock-based compensation should be classified as other liabilities. Previously, these items had been classified as accounts payable and accrued expenses. This change in classification does not affect the previously reported Condensed Consolidated Statement of Cash Flows or Consolidated Statement of Operations for any period.

Investment_in_Unconsolidated_J

Investment in Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES	INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
	The Company describes its investments in unconsolidated joint ventures in note 5 of notes to consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2014. The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of March 31, 2015 and December 31, 2014 (in thousands):
		Total Assets				Total Debt								Total Equity								Company’s Investment
	SUMMARY OF FINANCIAL POSITION:	2015		2014		2015				2014				2015				2014				2015				2014
	Terminus Office Holdings	$	289,659	$	288,415	$	213,047			$	213,640			$	63,817			$	62,830			$	32,692			$	32,323
	EP I LLC	84,920		85,228		58,029				58,029				25,306				26,671				22,376				22,905
	EP II LLC	53,442		42,772		21,752				12,735				24,939				24,969				19,806				19,905
	Charlotte Gateway Village, LLC	129,712		130,272		31,138				35,530				95,583				92,808				11,218				11,218
	HICO Victory Center LP	11,390		10,450		—				—				11,390				10,450				8,087				7,572
	CL Realty, L.L.C.	7,269		7,264		—				—				7,203				7,042				3,615				3,546
	Temco Associates, LLC	6,888		6,910		—				—				6,709				6,709				3,025				3,027
	Wildwood Associates	16,426		16,400		—				—				16,359				16,389				(1,121		)	-1	(1,106		)	-1
	Crawford Long - CPI, LLC	31,184		29,946		75,000				75,000				(45,363		)		(45,762		)		(21,585		)	-1	(21,931		)	-1
	Other	1,396		1,411		—				—				962				979				2				2
		$	632,286	$	619,068	$	398,966			$	394,934			$	206,905			$	203,085			$	78,115			$	77,461
	(1) Negative balances are included in deferred income on the balance sheets.
	The following table summarizes statement of operations information of the Company's unconsolidated joint ventures for the three months ended March 31, 2015 and 2014 (in thousands):
		Total Revenues					Net Income (Loss)									Company's Share of Income (Loss)
	SUMMARY OF OPERATIONS:	2015		2014			2015				2014					2015				2014
	Terminus Office Holdings	$	9,802	$	9,662		$	987			$	(114	)			$	369			$	(79	)
	EP I LLC	3,176		2,952			735				678					551				508
	EP II LLC	—		—			30				—					(9		)		—
	Charlotte Gateway Village, LLC	8,442		8,363			3,077				2,811					303				294
	CL Realty, L.L.C.	279		368			160				229					69				33
	Temco Associates, LLC	58		60			(1		)		(18		)			(2		)		(5		)
	Wildwood Associates	—		—			(30		)		(38		)			(15		)		(19		)
	Crawford Long - CPI, LLC	3,000		2,927			680				682					345				374
	CF Murfreesboro Associates	—		—			—				—					—				(387		)
	Cousins Watkins LLC	—		1,276			—				112					—				567
	Other	—		4			(13		)		(89		)			—				—
		$	24,757	$	25,612		$	5,625			$	4,253				$	1,611			$	1,286

Intangible_Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETS
	Intangible assets on the balance sheets as of March 31, 2015 and December 31, 2014 included the following (in thousands):
			March 31, 2015			December 31, 2014
	In-place leases, net of accumulated amortization of $72,311 and $62,302 in 2015 and 2014, respectively		$	137,574		$	147,360
	Above-market tenant leases, net of accumulated amortization of $15,284 and $13,748 in 2015 and 2014, respectively		11,278			12,017
	Goodwill		3,867			3,867
			$	152,719		$	163,244
	Goodwill relates entirely to the office reportable segment. As office assets are sold, either by the Company or by joint ventures in which the Company has an ownership interest, goodwill is reduced. The following is a summary of goodwill activity for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
	Beginning balance	$	3,867		$	4,131
	Allocated to property sales	—			(31		)
	Ending balance	$	3,867		$	4,100

Other_Assets_Notes

Other Assets (Notes)	3 Months Ended
	Mar. 31, 2015
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	Other assets on the balance sheets as of March 31, 2015 and December 31, 2014 included the following (in thousands):
		March 31, 2015		December 31, 2014
	Lease inducements, net of accumulated amortization of $6,675 and $5,475 in 2015 and 2014, respectively	$	14,470	$	12,245
	FF&E and leasehold improvements, net of accumulated depreciation of $20,129 and $19,137 in 2015 and 2014, respectively	11,608		10,590
	Prepaid expenses and other assets	7,724		3,428
	Loan closing costs, net of accumulated amortization of $2,643 and $2,286 in 2015 and 2014, respectively	6,529		6,878
	Predevelopment costs and earnest money	2,321		1,789
		$	42,652	$	34,930

Notes_Payable

Notes Payable	3 Months Ended
	Mar. 31, 2015
Notes Payable, Commitments and Contingencies [Abstract]
NOTES PAYABLE, INTEREST EXPENSE AND COMMITMENTS AND CONTINGENCIES	NOTES PAYABLE
	The following table summarizes the terms and amounts of the Company’s notes payable at March 31, 2015 and December 31, 2014 ($ in thousands):
	Description		Interest Rate		Maturity		March 31, 2015		December 31, 2014
	Credit Facility, unsecured		1.28	%	2019		$	198,000	$	140,200
	Post Oak Central mortgage note		4.26	%	2020		184,288		185,109
	The American Cancer Society Center mortgage note		6.45	%	2017		130,630		131,083
	Promenade mortgage note		4.27	%	2022		110,270		110,946
	191 Peachtree Tower mortgage note		3.35	%	2018		100,000		100,000
	816 Congress mortgage note		3.75	%	2024		85,000		85,000
	Meridian Mark Plaza mortgage note		6	%	2020		25,303		25,408
	The Points at Waterview mortgage note		5.66	%	2016		14,457		14,598
							$	847,948	$	792,344
	Fair Value
	At March 31, 2015 and December 31, 2014, the aggregate estimated fair values of the Company's notes payable were $898.3 million and $835.4 million, respectively, calculated by discounting the debt's remaining contractual cash flows at estimated rates at which similar loans could have been obtained at those respective dates. The estimate of the current market rate, which is the most significant input in the discounted cash flow calculation, is intended to replicate debt of similar maturity and loan-to-value relationship. These fair value calculations are considered to be Level 2 under the guidelines as set forth in ASC 820, Fair Value Measurement, as the Company utilizes market rates for similar type loans from third party brokers.
	Other Information
	For the three months ended March 31, 2015 and 2014, interest expense was as follows (in thousands):
		Three Months Ended March 31,
		2015			2014
	Total interest incurred	$	8,580		$	7,540
	Interest capitalized	(903		)	(373		)
	Total interest expense	$	7,677		$	7,167
	The real estate and other assets of The American Cancer Society Center (the “ACS Center”) are restricted under the ACS Center loan agreement in that they are not available to settle debts of the Company. However, provided that the ACS Center loan has not incurred any uncured event of default, as defined in the loan agreement, the cash flows from the ACS Center, after payments of debt service, operating expenses and reserves, are available for distribution to the Company.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES
	Commitments
	At March 31, 2015, the Company had outstanding letters of credit and performance bonds totaling $2.4 million. As a lessor, the Company had $107.9 million in future obligations under leases to fund tenant improvements as of March 31, 2015. As a lessee, the Company had future obligations under ground and office leases of $146.4 million as of March 31, 2015.
	Litigation
	The Company is subject to various legal proceedings, claims and administrative proceedings arising in the ordinary course of business, some of which are expected to be covered by liability insurance. Management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters using the latest information available. The Company records a liability for litigation if an unfavorable outcome is probable and the amount of loss or range of loss can be reasonably estimated. If an unfavorable outcome is probable and a reasonable estimate of the loss is a range, the Company accrues the best estimate within the range. If no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount within the range. If an unfavorable outcome is probable but the amount of the loss cannot be reasonably estimated, the Company discloses the nature of the litigation and indicates that an estimate of the loss or range of loss cannot be made. If an unfavorable outcome is reasonably possible and the estimated loss is material, the Company discloses the nature and estimate of the possible loss of the litigation. The Company does not disclose information with respect to litigation where an unfavorable outcome is considered to be remote or where the estimated loss would not be material. Based on current expectations, such matters, both individually and in the aggregate, are not expected to have a material adverse effect on the liquidity, results of operations, business or financial condition of the Company.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION
	The Company has several types of stock-based compensation - stock options, restricted stock, and restricted stock units (“RSUs”) - which are described in note 13 of notes to consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. The expense related to a portion of the stock-based compensation awards is fixed. The expense related to other stock-based compensation awards fluctuates from period to period dependent, in part, on the Company's stock price and stock performance relative to its peers. The Company recorded stock-based compensation expense, net of forfeitures, of $87,000 and $2.5 million for the three months ended March 31, 2015 and 2014, respectively.
	The Company maintains the 2009 Incentive Stock Plan (the "2009 Plan") and the 2005 Restricted Stock Unit Plan (the “RSU Plan”), which are described in note 13 of notes to consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Under the 2009 Plan, the Company made restricted stock grants in 2015 of 163,473 shares to key employees, which vest ratably over a three-year period. Under the RSU Plan, the Company awarded two types of RSUs to key employees based on the following metrics: (1) Total Stockholder Return of the Company, as defined in the RSU Plan, as compared to the companies in the SNL US REIT Office index (“SNL RSUs”), and (2) the ratio of cumulative funds from operations per share to targeted cumulative funds from operations per share (“FFO RSUs”) as defined in the RSU Plan. The performance period for both awards is January 1, 2015 to December 31, 2017, and the targeted units awarded of SNL RSUs and FFO RSUs is 173,185 and 67,375, respectively. The ultimate payout of these awards can range from 0% to 200% of the targeted number of units depending on the achievement of the market and performance metrics described above. Both of these RSUs cliff vest on January 30, 2017 and are dependent upon the attainment of required service, market and performance criteria. The number of RSUs vesting will be determined at that date, and the payout per unit will be equal to the average closing price on each trading day during the 30-day period ending on December 31, 2017. The SNL RSUs are valued using a quarterly Monte Carlo valuation and are expensed over the vesting period. The FFO RSUs are expensed over the vesting period using the fair market value of the Company's stock at the reporting date multiplied by the anticipated number of units to be paid based on the current estimate of what the ratio is expected to be upon vesting.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE
	Net income per share-basic is calculated as net income available to common stockholders divided by the weighted average number of common shares outstanding during the period, including nonvested restricted stock which has nonforfeitable dividend rights. Net income per share-diluted is calculated as net income available to common stockholders divided by the diluted weighted average number of common shares outstanding during the period. Diluted weighted average number of common shares uses the same weighted average share number as in the basic calculation and adds the potential dilution, if any, that would occur if stock options (or any other contracts to issue common stock) were exercised and resulted in additional common shares outstanding, calculated using the treasury stock method. The numerator is reduced for the effect of preferred dividends in both the basic and diluted net income per share calculations. Weighted average shares-basic and diluted for the three months ended March 31, 2015 and 2014, respectively, are as follows (in thousands):
		Three Months Ended March 31,
		2015	2014
	Weighted average shares — basic	216,568	191,739
	Dilutive potential common shares — stock options	186	213
	Weighted average shares — diluted	216,754	191,952
	Weighted average anti-dilutive stock options	1,553	2,200
	Stock options are dilutive when the average market price of the Company's stock during the period exceeds the option exercise price. In periods where the Company is in a net loss position, the dilutive effect of stock options is not included in the diluted weighted average shares total.
	Anti-dilutive stock options represent stock options which are outstanding but which are not exercisable during the period because the exercise price exceeded the average market value of the Company's stock. These anti-dilutive stock options are not included in the current calculation of dilutive weighted average shares but could be dilutive in the future.

Reportable_Segments

Reportable Segments	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS
	As of March 31, 2015, the Company has four reportable segments: Office, Retail, Land and Other. These reportable segments represent an aggregation of operating segments reported to the chief operating decision maker based on similar economic characteristics that include the type of product and the nature of service. Each segment includes both consolidated operations and joint ventures, where applicable. The Office and Retail segments show the results for that product type. The Land segment includes results of operations for certain land holdings and single-family residential communities. The Other segment includes:
	•	fee income and related expenses for third party owned properties and joint venture properties for which the Company performs management, development and leasing services;
	•	compensation for corporate employees;
	•	general corporate overhead costs;
	•	interest expense for consolidated and unconsolidated entities;
	•	income attributable to noncontrolling interests;
	•	income taxes;
	•	depreciation; and
	•	preferred dividends.
	Company management evaluates the performance of its reportable segments in part based on funds from operations available to common stockholders (“FFO”). FFO is a supplemental operating performance measure used in the real estate industry. The Company calculated FFO using the National Association of Real Estate Investment Trusts’ (“NAREIT”) definition of FFO, which is net income (loss) available to common stockholders (computed in accordance with GAAP), excluding extraordinary items, cumulative effect of change in accounting principle and gains on sale or impairment losses on depreciable property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures to reflect FFO on the same basis.
	FFO is used by industry analysts, investors and the Company as a supplemental measure of a REIT’s operating performance. Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, many industry investors and analysts have considered presentation of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. Thus, NAREIT created FFO as a supplemental measure of a REIT’s operating performance that excludes historical cost depreciation, among other items, from GAAP net income. Management believes the use of FFO, combined with the required primary GAAP presentations, has been fundamentally beneficial, improving the understanding of operating results of REITs among the investing public and making comparisons of REIT operating results more meaningful. Company management evaluates operating performance in part based on FFO. Additionally, the Company uses FFO, along with other measures, to assess performance in connection with evaluating and granting incentive compensation to its officers and other key employees.
	Segment net income, the balance of the Company’s investment in joint ventures and the amount of capital expenditures are not presented in the following tables. Management does not utilize these measures when analyzing its segments or when making resource allocation decisions, and therefore this information is not provided. FFO is reconciled to net income available to common stockholders on a total Company basis (in thousands):
	Three Months Ended March 31, 2015		Office			Retail		Land		Other			Total
	Net operating income		$	56,734		$	—	$	—	$	1,319		$	58,053
	Sales less costs of sales		—			—		810		—			810
	Fee income		—			—		—		1,816			1,816
	Other income		—			—		—		407			407
	General and administrative expenses		—			—		—		(3,493		)	(3,493		)
	Separation expenses		—			—		—		(102		)	(102		)
	Reimbursed expenses		—			—		—		(1,111		)	(1,111		)
	Interest expense		—			—		—		(9,498		)	(9,498		)
	Other expenses		—			—		—		(947		)	(947		)
	Funds from operations available to common stockholders		$	56,734		$	—	$	810	$	(11,609	)	45,935
	Real estate depreciation and amortization, including Company's share of joint ventures												(38,997		)
	Gain on sale of depreciated investment properties, including Company's share of joint ventures												265
	Net income available to common stockholders												$	7,203
	Three Months Ended March 31, 2014		Office			Retail		Land		Other			Total
	Net operating income		$	47,598		$	1,303	$	—	$	1,117		$	50,018
	Sales less costs of sales		—			—		160		—			160
	Fee income		—			—		—		2,339			2,339
	Other income		—			—		—		1,908			1,908
	Gain on sale of third party management and leasing business		—			—		—		7			7
	Separation expenses		—			—		—		(84		)	(84		)
	General and administrative expenses		—			—		—		(5,611		)	(5,611		)
	Reimbursed expenses		—			—		—		(932		)	(932		)
	Interest expense		—			—		—		(9,012		)	(9,012		)
	Other expenses		—			—		—		(834		)	(834		)
	Preferred stock dividends and original issuance costs		—			—		—		(1,777		)	(1,777		)
	Funds from operations available to common stockholders		$	47,598		$	1,303	$	160	$	(12,879	)	36,182
	Real estate depreciation and amortization, including Company's share of joint ventures												(36,953		)
	Gain on sale of depreciated investment properties including the Company's share of joint ventures												5,971
	Net income available to common stockholders												$	5,200
	When reviewing the results of operations for the Company, management analyzes the following revenue and income items net of their related costs:
	•	Rental property operations;
	•	Land sales; and
	•	Gains on sales of investment properties.
	These amounts are shown in the segment tables above in the same “net” manner as shown to management. In addition, management reviews the operations of discontinued operations and its share of the operations of its joint ventures in the same manner as the operations of its wholly-owned properties included in the continuing operations. Therefore, the information in the tables above includes the operations of discontinued operations and its share of joint ventures in the same categories as the operations of the properties included in continuing operations. Certain adjustments are required to reconcile the above segment information to the Company’s consolidated revenues. The following table reconciles information presented in the tables above to the Company’s consolidated revenues (in thousands):
		Three Months Ended March 31,
		2015			2014
	Net operating income	$	58,053		$	50,018
	Sales less cost of sales	810			160
	Fee income	1,816			2,339
	Other income	407			1,908
	Rental property operating expenses	37,954			34,857
	Net operating income in joint ventures	(5,988		)	(6,499		)
	Net operating income in discontinued operations	14			(892		)
	Other income in discontinued operations and in joint ventures	(160		)	(7		)
	Termination fees in discontinued operations and in joint ventures	(120		)	—
	Gain on land sales (included in gain on investment properties)	(810		)	(161		)
	Total consolidated revenues	$	91,976		$	81,723

Investment_in_Unconsolidated_J1

Investment in Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Summary of financial data and principal activities of Company's Unconsolidated Joint Ventures	The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of March 31, 2015 and December 31, 2014 (in thousands):
		Total Assets				Total Debt								Total Equity								Company’s Investment
	SUMMARY OF FINANCIAL POSITION:	2015		2014		2015				2014				2015				2014				2015				2014
	Terminus Office Holdings	$	289,659	$	288,415	$	213,047			$	213,640			$	63,817			$	62,830			$	32,692			$	32,323
	EP I LLC	84,920		85,228		58,029				58,029				25,306				26,671				22,376				22,905
	EP II LLC	53,442		42,772		21,752				12,735				24,939				24,969				19,806				19,905
	Charlotte Gateway Village, LLC	129,712		130,272		31,138				35,530				95,583				92,808				11,218				11,218
	HICO Victory Center LP	11,390		10,450		—				—				11,390				10,450				8,087				7,572
	CL Realty, L.L.C.	7,269		7,264		—				—				7,203				7,042				3,615				3,546
	Temco Associates, LLC	6,888		6,910		—				—				6,709				6,709				3,025				3,027
	Wildwood Associates	16,426		16,400		—				—				16,359				16,389				(1,121		)	-1	(1,106		)	-1
	Crawford Long - CPI, LLC	31,184		29,946		75,000				75,000				(45,363		)		(45,762		)		(21,585		)	-1	(21,931		)	-1
	Other	1,396		1,411		—				—				962				979				2				2
		$	632,286	$	619,068	$	398,966			$	394,934			$	206,905			$	203,085			$	78,115			$	77,461
	(1) Negative balances are included in deferred income on the balance sheets.
	The following table summarizes statement of operations information of the Company's unconsolidated joint ventures for the three months ended March 31, 2015 and 2014 (in thousands):
		Total Revenues					Net Income (Loss)									Company's Share of Income (Loss)
	SUMMARY OF OPERATIONS:	2015		2014			2015				2014					2015				2014
	Terminus Office Holdings	$	9,802	$	9,662		$	987			$	(114	)			$	369			$	(79	)
	EP I LLC	3,176		2,952			735				678					551				508
	EP II LLC	—		—			30				—					(9		)		—
	Charlotte Gateway Village, LLC	8,442		8,363			3,077				2,811					303				294
	CL Realty, L.L.C.	279		368			160				229					69				33
	Temco Associates, LLC	58		60			(1		)		(18		)			(2		)		(5		)
	Wildwood Associates	—		—			(30		)		(38		)			(15		)		(19		)
	Crawford Long - CPI, LLC	3,000		2,927			680				682					345				374
	CF Murfreesboro Associates	—		—			—				—					—				(387		)
	Cousins Watkins LLC	—		1,276			—				112					—				567
	Other	—		4			(13		)		(89		)			—				—
		$	24,757	$	25,612		$	5,625			$	4,253				$	1,611			$	1,286

Intangible_Assets_Tables

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets [Table Text Block]	assets on the balance sheets as of March 31, 2015 and December 31, 2014 included the following (in thousands):
			March 31, 2015			December 31, 2014
	In-place leases, net of accumulated amortization of $72,311 and $62,302 in 2015 and 2014, respectively		$	137,574		$	147,360
	Above-market tenant leases, net of accumulated amortization of $15,284 and $13,748 in 2015 and 2014, respectively		11,278			12,017
	Goodwill		3,867			3,867
			$	152,719		$	163,244
Schedule of Goodwill [Table Text Block]	The following is a summary of goodwill activity for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
	Beginning balance	$	3,867		$	4,131
	Allocated to property sales	—			(31		)
	Ending balance	$	3,867		$	4,100

Other_Assets_Tables

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	. OTHER ASSETS
	Other assets on the balance sheets as of March 31, 2015 and December 31, 2014 included the following (in thousands):
		March 31, 2015		December 31, 2014
	Lease inducements, net of accumulated amortization of $6,675 and $5,475 in 2015 and 2014, respectively	$	14,470	$	12,245
	FF&E and leasehold improvements, net of accumulated depreciation of $20,129 and $19,137 in 2015 and 2014, respectively	11,608		10,590
	Prepaid expenses and other assets	7,724		3,428
	Loan closing costs, net of accumulated amortization of $2,643 and $2,286 in 2015 and 2014, respectively	6,529		6,878
	Predevelopment costs and earnest money	2,321		1,789
		$	42,652	$	34,930

Notes_Payable_Tables

Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Notes Payable, Commitments and Contingencies [Abstract]
Summary of terms of notes payable	The following table summarizes the terms and amounts of the Company’s notes payable at March 31, 2015 and December 31, 2014 ($ in thousands):
	Description		Interest Rate		Maturity		March 31, 2015		December 31, 2014
	Credit Facility, unsecured		1.28	%	2019		$	198,000	$	140,200
	Post Oak Central mortgage note		4.26	%	2020		184,288		185,109
	The American Cancer Society Center mortgage note		6.45	%	2017		130,630		131,083
	Promenade mortgage note		4.27	%	2022		110,270		110,946
	191 Peachtree Tower mortgage note		3.35	%	2018		100,000		100,000
	816 Congress mortgage note		3.75	%	2024		85,000		85,000
	Meridian Mark Plaza mortgage note		6	%	2020		25,303		25,408
	The Points at Waterview mortgage note		5.66	%	2016		14,457		14,598
							$	847,948	$	792,344
Summary of interest	For the three months ended March 31, 2015 and 2014, interest expense was as follows (in thousands):
		Three Months Ended March 31,
		2015			2014
	Total interest incurred	$	8,580		$	7,540
	Interest capitalized	(903		)	(373		)
	Total interest expense	$	7,677		$	7,167

Earnings_Per_Share_Earnings_Pe

Earnings Per Share Earnings Per Share Tables (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	Weighted average shares-basic and diluted for the three months ended March 31, 2015 and 2014, respectively, are as follows (in thousands):
		Three Months Ended March 31,
		2015	2014
	Weighted average shares — basic	216,568	191,739
	Dilutive potential common shares — stock options	186	213
	Weighted average shares — diluted	216,754	191,952
	Weighted average anti-dilutive stock options	1,553	2,200

Reportable_Segments_Tables

Reportable Segments (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Income (Loss) by Reportable Segment	Segment net income, the balance of the Company’s investment in joint ventures and the amount of capital expenditures are not presented in the following tables. Management does not utilize these measures when analyzing its segments or when making resource allocation decisions, and therefore this information is not provided. FFO is reconciled to net income available to common stockholders on a total Company basis (in thousands):
	Three Months Ended March 31, 2015		Office			Retail		Land		Other			Total
	Net operating income		$	56,734		$	—	$	—	$	1,319		$	58,053
	Sales less costs of sales		—			—		810		—			810
	Fee income		—			—		—		1,816			1,816
	Other income		—			—		—		407			407
	General and administrative expenses		—			—		—		(3,493		)	(3,493		)
	Separation expenses		—			—		—		(102		)	(102		)
	Reimbursed expenses		—			—		—		(1,111		)	(1,111		)
	Interest expense		—			—		—		(9,498		)	(9,498		)
	Other expenses		—			—		—		(947		)	(947		)
	Funds from operations available to common stockholders		$	56,734		$	—	$	810	$	(11,609	)	45,935
	Real estate depreciation and amortization, including Company's share of joint ventures												(38,997		)
	Gain on sale of depreciated investment properties, including Company's share of joint ventures												265
	Net income available to common stockholders												$	7,203
	Three Months Ended March 31, 2014		Office			Retail		Land		Other			Total
	Net operating income		$	47,598		$	1,303	$	—	$	1,117		$	50,018
	Sales less costs of sales		—			—		160		—			160
	Fee income		—			—		—		2,339			2,339
	Other income		—			—		—		1,908			1,908
	Gain on sale of third party management and leasing business		—			—		—		7			7
	Separation expenses		—			—		—		(84		)	(84		)
	General and administrative expenses		—			—		—		(5,611		)	(5,611		)
	Reimbursed expenses		—			—		—		(932		)	(932		)
	Interest expense		—			—		—		(9,012		)	(9,012		)
	Other expenses		—			—		—		(834		)	(834		)
	Preferred stock dividends and original issuance costs		—			—		—		(1,777		)	(1,777		)
	Funds from operations available to common stockholders		$	47,598		$	1,303	$	160	$	(12,879	)	36,182
	Real estate depreciation and amortization, including Company's share of joint ventures												(36,953		)
	Gain on sale of depreciated investment properties including the Company's share of joint ventures												5,971
	Net income available to common stockholders												$	5,200
Reconciliation of revenues per Segment to Consolidated Revenues	The following table reconciles information presented in the tables above to the Company’s consolidated revenues (in thousands):
		Three Months Ended March 31,
		2015			2014
	Net operating income	$	58,053		$	50,018
	Sales less cost of sales	810			160
	Fee income	1,816			2,339
	Other income	407			1,908
	Rental property operating expenses	37,954			34,857
	Net operating income in joint ventures	(5,988		)	(6,499		)
	Net operating income in discontinued operations	14			(892		)
	Other income in discontinued operations and in joint ventures	(160		)	(7		)
	Termination fees in discontinued operations and in joint ventures	(120		)	—
	Gain on land sales (included in gain on investment properties)	(810		)	(161		)
	Total consolidated revenues	$	91,976		$	81,723

Basis_of_Presentation_Percenta

Basis of Presentation Percentage of taxable income distributed (Details)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Distribution of Taxable Income to Qualify as REIT	90.00%

Property_Transactions_Property

Property Transactions Property Transactions (Details)	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Common Stock, Shares, Issued	220,172,267	220,082,610

Property_Transactions_Property1

Property Transactions Property Transactions (Discontinued Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Discontinued Operations [Line Items]
Document Fiscal Year Focus	2015
Income (Loss) from Discontinued Operations	($14)	$892
Gain (Loss) on Disposal of Discontinued Operation	($551)	$6,365

Investment_in_Unconsolidated_J2

Investment in Unconsolidated Joint Ventures (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
SUMMARY OF FINANCIAL POSITION:
Total Assets	$632,286			$619,068
Total Debt	398,966			394,934
Total Equity	206,905			203,085
Company's Investment	78,115				77,461
SUMMARY OF OPERATIONS:
Total Revenues	24,757		25,612
Net Income (Loss)	5,625		4,253
Income (Loss) from Equity Method Investments Gross of Impairment Charges	1,611		1,286
Terminus Office Holdings [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	289,659			288,415
Total Debt	213,047			213,640
Total Equity	63,817			62,830
Company's Investment	32,692				32,323
SUMMARY OF OPERATIONS:
Total Revenues	9,802		9,662
Net Income (Loss)	987		-114
Income (Loss) from Equity Method Investments Gross of Impairment Charges	369		-79
EP I LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	84,920			85,228
Total Debt	58,029			58,029
Total Equity	25,306			26,671
Company's Investment	22,376				22,905
SUMMARY OF OPERATIONS:
Total Revenues	3,176		2,952
Net Income (Loss)	735		678
Income (Loss) from Equity Method Investments Gross of Impairment Charges	551		508
EP II LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	53,442			42,772
Total Debt	21,752			12,735
Total Equity	24,939			24,969
Company's Investment	19,806				19,905
SUMMARY OF OPERATIONS:
Net Income (Loss)	30
Income (Loss) from Equity Method Investments Gross of Impairment Charges	-9
Cousins Watkins LLC [Member]
SUMMARY OF OPERATIONS:
Total Revenues	0		1,276
Net Income (Loss)	0		112
Income (Loss) from Equity Method Investments Gross of Impairment Charges	0		567
Charlotte Gateway Village, LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	129,712			130,272
Total Debt	31,138			35,530
Total Equity	95,583			92,808
Company's Investment	11,218				11,218
SUMMARY OF OPERATIONS:
Total Revenues	8,442		8,363
Net Income (Loss)	3,077		2,811
Income (Loss) from Equity Method Investments Gross of Impairment Charges	303		294
HICO Victory Center LP [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	11,390			10,450
Total Debt				0
Total Equity	11,390			10,450
Company's Investment	8,087			7,572
Temco Associates, LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	6,888			6,910
Total Debt	0			0
Total Equity	6,709			6,709
Company's Investment	3,025				3,027
SUMMARY OF OPERATIONS:
Total Revenues	58		60
Net Income (Loss)	-1		-18
Income (Loss) from Equity Method Investments Gross of Impairment Charges	-2		-5
CL Realty, L.L.C. [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	7,269			7,264
Total Debt	0			0
Total Equity	7,203			7,042
Company's Investment	3,615				3,546
SUMMARY OF OPERATIONS:
Total Revenues	279		368
Net Income (Loss)	160		229
Income (Loss) from Equity Method Investments Gross of Impairment Charges	69		33
Wildwood Associates
SUMMARY OF FINANCIAL POSITION:
Total Assets	16,426			16,400
Total Debt	0			0
Total Equity	16,359			16,389
Company's Investment	-1,121	[1]			-1,106	[1]
SUMMARY OF OPERATIONS:
Total Revenues	0		0
Net Income (Loss)	-30		-38
Income (Loss) from Equity Method Investments Gross of Impairment Charges	-15		-19
Crawford Long CPI LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	31,184			29,946
Total Debt	75,000			75,000
Total Equity	-45,363			-45,762
Company's Investment	-21,585	[1]			-21,931	[1]
SUMMARY OF OPERATIONS:
Total Revenues	3,000		2,927
Net Income (Loss)	680		682
Income (Loss) from Equity Method Investments Gross of Impairment Charges	345		374
CF Murfreesboro Associates [Member]
SUMMARY OF OPERATIONS:
Total Revenues	0		0
Net Income (Loss)	0		0
Income (Loss) from Equity Method Investments Gross of Impairment Charges	0		-387
Other Equity Method Investee [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets	1,396			1,411
Total Debt	0			0
Total Equity	962			979
Company's Investment	2				2
SUMMARY OF OPERATIONS:
Total Revenues	0		4
Net Income (Loss)	-13		-89
Income (Loss) from Equity Method Investments Gross of Impairment Charges	$0		$0
[1]	Negative balances are included in deferred income on the balance sheets.

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Intangible Assets
In-place leases, net of accumulated amortization of $72,311 and $62,302 in 2015 and 2014, respectively	$137,574	$147,360
Above-market tenant leases, net of accumulated amortization of $15,284 and $13,748 in 2015 and 2014, respectively	11,278	12,017
Goodwill	3,867	3,867	4,100	4,131
Intangible Assets, Net (Including Goodwill)	152,719	163,244
In-place leases accumulated amortization		51,957		26,239
Above-market tenant leases accumulated amortization		12,990		11,284
Below-market ground lease accumulated amortization		$0		$21

Intangible_Assets_Intangible_A

Intangible Assets Intangible Assets - Goodwill Rollforward Table (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Goodwill [Roll Forward]
Goodwill	$3,867	$4,131
Allocated to property sales	0	-31
Goodwill	$3,867	$4,100

Other_Assets_Other_Assets_Deta

Other Assets Other Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other Assets [Abstract]
Lease inducements, net of accumulated amortization of $6,675 and $5,475 in 2015 and 2014, respectively	$14,470	$12,245
FF&E and leasehold improvements, net of accumulated depreciation of $20,129 and $19,137 in 2015 and 2014, respectively	11,608	10,590
Loan closing costs, net of accumulated amortization of $2,643 and $2,286 in 2015 and 2014, respectively	6,529	6,878
Prepaid expenses and other assets	7,724	3,428
Predevelopment costs and earnest money	2,321	1,789
Other Assets	42,652	34,930
Accumulated Amortization Incentives to Lessees		5,139	4,181
Furniture, Fixture and Equipments and Leasehold Improvements Accumulated Depreciation		18,712	17,684
Accumulated Amortization, Deferred Finance Costs		$1,927	$2,621

Notes_Payable_Debt_Table_Detai

Notes Payable (Debt Table) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Notes Payable [Line Items]
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Summary of terms of notes payable
Notes payable	$847,948	$792,344
Post Oak Central Mortgage Note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		4.26%
Notes payable	184,288	185,109
The American Cancer Society Center mortgage note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		6.45%
Notes payable	130,630	131,083
Promenade Atlanta Mortgage Note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		4.27%
Notes payable	110,270	110,946
191 Peachtree Tower Mortgage Note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		3.35%
Notes payable	100,000	100,000
816 Congress Mortgage Note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		3.75%
Notes payable	85,000	85,000
Credit Facility, unsecured Member]
Summary of terms of notes payable
Interest rate on mortgage loan		1.28%
Notes payable	198,000	140,200
Meridian Mark Plaza mortgage note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		6.00%
Notes payable	25,303	25,408
Points at Waterview mortgage note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan		5.66%
Notes payable	$14,457	$14,598

Notes_Payable_Details_Textual_

Notes Payable (Details Textual) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Debt Instrument, Fair Value Disclosure	$898.30	$835.40
Document Fiscal Year Focus	2015

Notes_Payable_Interest_Expense

Notes Payable (Interest Expense) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Detail of interest expensed and incurred
Total interest incurred	$8,580	$7,540
Interest capitalized	-903	-373
Total interest expense	$7,677	$7,167

Commitments_and_Contingencies_

Commitments and Contingencies (Narrative) (Details) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$2.40
Outstanding Commitments to Fund Real Estate Projects	107.9
Operating Leases, Future Minimum Payments Due	$146.40

Noncontrolling_Interests_Detai

Noncontrolling Interests (Details of the income from NCI table) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Components on noncontrolling interests
Net loss (income)	$0	$155

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Stockholders' Equity Note [Abstract]
Common Stock, Shares, Issued	220,172,267	220,082,610
Preferred Stock, Par or Stated Value Per Share	$1	$1

StockBased_Compensation_Stock_

Stock-Based Compensation Stock Based Compensation (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$87	$2.50
Document Fiscal Year Focus	2015
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	163,473
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
SNL RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	173,185
FFO RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	67,375
Performance based Restricted Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout Range Minimum	0.00%
Payout Range Maximum	200.00%
Payout Per Unit Average Thirty Days Closing Price	30 days

Earnings_Per_Share_Earnings_Pe1

Earnings Per Share Earnings Per Share (Table) (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Weighted average shares - basic	216,568	191,739
Dilutive potential common shares - stock options	186	213
Weighted average shares - diluted	216,754	191,952
Anti-dilutive options	1,553	2,200

Reportable_Segments_Reportable

Reportable Segments Reportable Segments-No of Rept Segments (Detail Textual) (Details)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Number of Reportable Segments	4

Reportable_Segments_Table_Deta

Reportable Segments Table (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Severance Costs	($102,000)	($84,000)
Reimbursed Expenses	-1,111,000	-932,000
Dividends, Preferred Stock	0	-1,777,000
Net income available to common stockholders	7,203,000	5,200,000
Office Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	56,734,000	47,598,000
Residential lot and other sales, net of cost of sales	0	0
Fee income, Net of Reimbursed Expenses	0	0
Other Income	0	0
Gain on Sale of Third Party Management Operations		0
Severance Costs	0	0
General and Administrative Expense	0	0
Reimbursed Expenses	0	0
Interest Expense Including Discontinued Operations	0	0
Other nonoperating expense, including discontinued operations	0	0
Dividends, Preferred Stock		0
Funds from Operations Available to Common Stockholders	56,734,000	47,598,000
Retail Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	0	1,303,000
Residential lot and other sales, net of cost of sales		0	0
Fee income, Net of Reimbursed Expenses		0	0
Other Income		0	0
Gain on Sale of Third Party Management Operations		0
Severance Costs		0	0
General and Administrative Expense		0	0
Reimbursed Expenses		0	0
Interest Expense Including Discontinued Operations		0	0
Other nonoperating expense, including discontinued operations		0	0
Dividends, Preferred Stock		0
Funds from Operations Available to Common Stockholders	0	1,303,000
Land [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	0	0
Residential lot and other sales, net of cost of sales	810,000	160,000
Fee income, Net of Reimbursed Expenses		0	0
Other Income		0	0
Gain on Sale of Third Party Management Operations		0
Severance Costs		0	0
General and Administrative Expense		0	0
Reimbursed Expenses		0	0
Interest Expense Including Discontinued Operations		0	0
Other nonoperating expense, including discontinued operations		0	0
Dividends, Preferred Stock		0
Funds from Operations Available to Common Stockholders	810,000	160,000
All Other Segments [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	1,319,000	1,117,000
Residential lot and other sales, net of cost of sales	0	0
Fee income, Net of Reimbursed Expenses	1,816,000	2,339,000
Other Income	407,000	1,908,000
Gain on Sale of Third Party Management Operations		7,000
Severance Costs	-102,000	-84,000
General and Administrative Expense	-3,493,000	-5,611,000
Reimbursed Expenses	-1,111,000	-932,000
Interest Expense Including Discontinued Operations	-9,498,000	-9,012,000
Other nonoperating expense, including discontinued operations	-947,000	-834,000
Dividends, Preferred Stock		-1,777,000
Funds from Operations Available to Common Stockholders	-11,609,000	-12,879,000
Total Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	58,053,000	50,018,000
Residential lot and other sales, net of cost of sales	810,000	160,000
Fee income, Net of Reimbursed Expenses	1,816,000	2,339,000
Other Income	407,000	1,908,000
Gain on Sale of Third Party Management Operations		7,000
Severance Costs	-102,000	-84,000
General and Administrative Expense	-3,493,000	-5,611,000
Reimbursed Expenses	-1,111,000	-932,000
Interest Expense Including Discontinued Operations	-9,498,000	-9,012,000
Other nonoperating expense, including discontinued operations	-947,000	-834,000
Dividends, Preferred Stock		-1,777,000
Funds from Operations Available to Common Stockholders	45,935,000	36,182,000
Real estate depreciation and amortization, including Company's share of joint ventures	-38,997,000	-36,953,000
Gain on sale of depreciated investment properties, including Company's share of joint ventures	265,000	5,971,000
Net income available to common stockholders	$7,203,000	$5,200,000

Reportable_Segments_Reportable1

Reportable Segments Reportable Segments (Revenue Reconciliation) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Document Fiscal Year Focus	2015
Rental property operating expenses	($37,954)	($34,857)
Total consolidated revenues	91,976	81,723
Total Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	58,053	50,018
Residential Lot Sales Net of Cost of Sales Including Gain on Sale of Undepreciated Investment Properties	810	160
Fee income, Net of Reimbursed Expenses	1,816	2,339
Other Income	407	1,908
Rental property operating expenses		34,857
Net operating income in joint venture	-5,988	-6,499
Net operating income from discontinued operations not included in revenues	14	-892
Discontinued Operations Other Income	160	7
Termination Fees in Discontinues Operations and in Joint Ventures	-120	0
Residential Lot Multi Family Unit Tract and Outparcel Sales Net of Cost of Sales Including Gain on Sale of Undepreciated Investment Properties	-810	-161
Total consolidated revenues	$91,976	$81,723