Cousins Properties (CUZ) 10-Q 28 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 23, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	COUSINS PROPERTIES INC
Entity Central Index Key	25,232
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
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		216,685,420

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Document Period End Date	Jun. 30, 2015
PROPERTIES:
Operating properties, net of accumulated depreciation of $360,700 and $324,543 in 2015 and 2014, respectively	$ 2,203,091	$ 2,181,684
Projects under development	16,207	91,615
Land	12,355	21,646
Total properties	2,231,653	2,294,945
Real estate assets and other assets held for sale, net of accumulated depreciation and amortization of $20,884 in 2015	86,775	0
Cash and cash equivalents	1,972	0
Restricted cash	5,430	5,042
Notes and accounts receivable, net of allowance for doubtful accounts of $2,006 and $1,643 in 2015 and 2014, respectively	13,299	10,732
Deferred rents receivable	63,755	57,939
Investment in unconsolidated joint ventures	103,665	100,498
Intangible assets, net of accumulated amortization of $88,776 and $76,050 in 2015 and 2014, respectively	139,557	163,244
Other assets	39,360	34,930
Total assets	2,685,466	2,667,330
LIABILITIES AND EQUITY
Notes payable	849,772	792,344
Accounts payable and accrued expenses	56,700	76,240
Deferred income	23,290	23,277
Intangible liabilities, net of accumulated amortization of $21,925 and $16,897 in 2015 and 2014, respectively	64,557	70,020
Other liabilities	33,318	31,991
Disposal Group, Including Discontinued Operation, Liabilities, Current	3,132	0
Total liabilities	1,030,769	993,872
STOCKHOLDERS' INVESTMENT:
Common stock, $1 par value, 350,000,000 shares authorized, 220,255,502 and 220,082,610 shares issued in 2015 and 2014, respectively	220,256	220,083
Additional paid-in capital	1,721,560	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	(200,279)	(180,757)
Total equity	1,654,697	1,673,458
Total liabilities and equity	$ 2,685,466	$ 2,667,330

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2015
PROPERTIES:
Accumulated depreciation on operating properties	$ 324,543	$ 360,700
Development in Process, Accumulated Depreciation	0	0
Real Estate Held for Sale, Accumulated Depreciation	0	20,884
Allowance for doubtful accounts for notes and other receivables	1,643	2,006
Intangible Liabilities, Accumulated Amortization	16,897	21,925
Finite-Lived Intangible Assets, Accumulated Amortization	$ 76,050	$ 88,776
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	220,255,502
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 Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUES:
Rental property revenues	$ 96,177	$ 80,034	$ 186,216	$ 157,518
Fee income	1,704	2,025	3,520	4,363
Other	22	2,446	143	4,347
Total consolidated revenues	97,903	84,505	189,879	166,228
COSTS AND EXPENSES:
Rental property operating expenses	41,387	35,959	79,340	70,816
Reimbursed expenses	717	988	1,828	1,920
General and administrative expenses	5,936	5,756	9,431	11,366
Interest expense	7,869	6,970	15,546	14,137
Depreciation and amortization	34,879	35,135	71,026	69,274
Separation expenses	0	0	102	84
Acquisition and related costs	2	149	85	171
Other	341	877	698	1,370
Total costs and expenses	91,131	85,834	178,056	169,138
Income (loss) from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties	6,772	(1,329)	11,823	(2,910)
Benefit for income taxes from operations	0	9	0	21
Income from unconsolidated joint ventures	1,761	2,027	3,372	3,313
Income from continuing operations before gain on sale of investment properties	8,533	707	15,195	424
Gain (loss) on sale of investment properties	(576)	1,327	530	1,488
Income from continuing operations	7,957	2,034	15,725	1,912
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:
Income (loss) from discontinued operations	(6)	566	(19)	1,457
Gain (loss) on sale from discontinued operations	0	14	(551)	6,379
Total income from discontinued operations	(6)	580	(570)	7,836
Net income	7,951	2,614	15,155	9,748
Net income attributable to noncontrolling interests	0	(129)	0	(284)
Net income attributable to controlling interests	7,951	2,485	15,155	9,464
Dividends to preferred stockholders	0	(1,178)	0	(2,955)
Preferred Share Original Issuance Costs	0	3,530	0	3,530
Net income (loss) available to common stockholders	$ 7,951	$ (2,223)	$ 15,155	$ 2,979
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:
Income (loss) from continuing operations attributable to controlling interest	$ 0.04	$ (0.01)	$ 0.07	$ (0.02)
Income from discontinued operations	0	0	0	0.04
Net income (loss) available to common stockholders	$ 0.04	$ (0.01)	$ 0.07	$ 0.02
Weighted average shares — basic	216,630	198,440	216,599	195,108
Weighted average shares — diluted	216,766	198,440	216,753	195,347
Dividends declared per common share	$ 0.080	$ 0.075	$ 0.160	$ 0.150
Total Segment [Member]
REVENUES:
Total consolidated revenues	$ 97,903
COSTS AND EXPENSES:
Reimbursed expenses	717	$ 988	$ 1,828	$ 1,920
Separation expenses			102	84
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:
Dividends to preferred stockholders		(4,708)		(6,485)
Net income (loss) available to common stockholders	$ 7,951	$ (2,223)	$ 15,155	$ 2,979

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Treasury Stock	Distributions in Excess of Net Income	Stockholders' Investment	Nonredeemable Noncontrolling Interests
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	9,748	0	0	0	0	9,464	9,464	284
Common stock issued pursuant to:
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	653	0	55	598	0	0	653	0
Stock Issued During Period, Value, Stock Options Exercised	(20)	0	3	(23)	0	0	(20)	0
Stock Issued During Period, Value, New Issues	98,519	0	8,700	89,819	0	0	98,519	0
Restricted stock grants, net of amounts withheld for income taxes	(925)	0	53	(978)	0	0	(925)	0
Amortization of stock options and restricted stock, net of forfeitures	1,059	0	(3)	1,062	0	0	1,059	0
Distributions to noncontrolling interests	(281)	0	0	0	0	0	0	(281)
Preferred Stock Redemption	(94,775)	(94,775)	0	3,530	0	(3,530)	(94,775)	0
Preferred dividends paid	(2,955)	0	0	0	0	(2,955)	(2,955)	0
Common dividends paid	(29,115)	0	0	0	0	(29,115)	(29,115)	0
Ending Balance at Jun. 30, 2014	1,440,880	0	202,044	1,514,959	(86,840)	(190,857)	1,439,306	1,574
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	15,155	0	0	0	0	15,155	15,155	0
Common stock issued pursuant to:
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	765	0	79	686	0	0	765	0
Stock Issued During Period, Value, Stock Options Exercised	(15)	0	4	(19)	0	0	(15)	0
Stock Issued During Period, Value, New Issues				24
Restricted stock grants, net of amounts withheld for income taxes	(821)	0	90	(911)	0	0	(821)	0
Amortization of stock options and restricted stock, net of forfeitures	808	0	0	808	0	0	808	0
Preferred Stock Redemption	0
Common dividends paid	(34,677)	0	0	0	0	(34,677)	(34,677)	0
Ending Balance at Jun. 30, 2015	$ 1,654,697	$ 0	$ 220,256	$ 1,721,560	$ (86,840)	$ (200,279)	$ 1,654,697	$ 0

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Current Fiscal Year End Date			--12-31
Transfer from operating properties to operating properties and related assets held for sale			$ 86,775	$ 0
Transfer from projects under development to operating properties			3,132	0
Net income	$ 7,951	$ 2,614	15,155	9,748
Adjustments to reconcile net loss to net cash provided by operating activities:
(Gain) loss on sale of investment properties, including discontinued operations			(21)	7,867
Depreciation and amortization, including discontinued operations			70,381	69,354
Amortization of deferred financing costs			716	604
Net amortization of stock options and restricted stock			808	1,059
Effect of certain non-cash adjustments to rental revenues			(15,047)	(15,139)
Income Loss from Unconsolidated Joint Ventures			3,372	3,313
Operating distributions from unconsolidated joint ventures			1,820	3,165
Residential Lot Outparcel and Multi Family Cost of Sales Net of Closing Costs Paid			0	255
Changes in other operating assets and liabilities:
Change in other receivables and other assets, net			(10,106)	(680)
Change in operating liabilities			(15,311)	(7,133)
Net cash provided by operating activities			45,065	50,053
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales			9,164	29,050
Property acquisition, development, and tenant asset expenditures			(73,344)	(70,730)
Investment in unconsolidated joint ventures			(3,443)	(7,752)
Distributions from unconsolidated joint ventures			1,649	4,112
Change in notes receivable and other assets			772	(2,332)
Change in restricted cash			(652)	(1,094)
Net cash used in investing activities			(65,854)	(48,746)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility			114,100	213,325
Repayment of credit facility			(52,300)	(172,950)
Repayment of notes payable			(4,371)	(4,617)
Payments of Financing Costs				3,176	$ 0
Proceeds from the Issuance of Common Stock, including Option Exercises			9	98,519
Preferred Stock Redemption			0	(94,775)
Common dividends paid			(34,677)	(29,115)
Preferred dividends paid			0	(2,955)
Distributions to noncontrolling interests			0	(281)
Net cash provided by financing activities			22,761	3,975
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			1,972	5,282
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD			0	975	975
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,972	6,257	1,972	6,257	$ 0
Interest paid, net of amounts capitalized			15,477	14,256
Accrued property acquisition, development, and tenant asset expenditures	$ 416	$ 999	$ 416	$ 999

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 June 30, 2015 and the results of operations for the three and six months ended June 30, 2015 and 2014 . The results of operations for the three and six months ended June 30, 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/A 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/A. For the three and six months ended June 30, 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 in which it did not have "continuing involvement", 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, with early adoption permitted for periods beginning after December 15, 2016. The Company expects to adopt this guidance effective January 1, 2018, and is currently assessing the potential impact of adopting the new guidance. In February 2015, the FASB issued new guidance which amends the consolidation requirements in ASC 810. All legal entities are subject to reevaluation under the revised consolidation model. The amendment modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities. It also eliminates the presumption that a general partner should consolidate a limited partnership. The guidance is effective for public entities with periods beginning after December 15, 2015 with early adoption permitted. The Company expects to adopt this guidance effective January 1, 2016, and is currently assessing the potential impact of adopting the new guidance. In April 2015, the FASB issued new guidance which changes the presentation of debt issuance costs in financial statements. Under the new guidance, companies will present debt issuance costs as a direct deduction from the related debt rather than as an asset. These costs will continue to be amortized into interest expense. The guidance is effective for periods beginning after December 15, 2015 with early adoption permitted. The Company expects to adopt this guidance effective January 1, 2016, and the Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. 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 Jo

Investment in Unconsolidated Joint Ventures	6 Months Ended
	Jun. 30, 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/A for the year ended December 31, 2014 . The following table summarizes balance sheet data of the Company's unconsolidated joint ventures as of June 30, 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 $ 291,133 $ 288,415 $ 212,444 $ 213,640 $ 64,374 $ 62,830 $ 32,916 $ 32,323 EP I LLC 84,490 85,228 58,029 58,029 24,611 26,671 22,217 22,905 EP II LLC 65,213 42,772 32,879 12,735 24,858 24,969 19,839 19,905 Charlotte Gateway Village, LLC 127,949 130,272 26,676 35,530 87,736 92,808 11,201 11,218 HICO Victory Center LP 12,458 10,450 — — 12,204 10,450 8,636 7,572 CL Realty, L.L.C. 7,403 7,264 — — 7,285 7,042 3,676 3,546 Temco Associates, LLC 6,536 6,910 — — 6,144 6,709 2,769 3,027 Carolina Square Holdings LP 4,960 — — — 4,960 — 2,409 — Wildwood Associates 16,440 16,400 — — 16,402 16,389 (1,136 ) (1) (1,106 ) (1) Crawford Long - CPI, LLC 30,986 29,946 75,000 75,000 (57,595 ) (45,762 ) (21,722 ) (1) (21,931 ) (1) Other 1,118 1,411 — — 906 979 2 2 $ 648,686 $ 619,068 $ 405,028 $ 394,934 $ 191,885 $ 203,085 $ 80,807 $ 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 six months ended June 30, 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 $ 19,638 $ 19,357 $ 1,139 $ (2 ) $ 570 $ (23 ) EP I LLC 6,218 5,975 1,480 1,417 1,112 1,062 Charlotte Gateway Village, LLC 16,913 16,732 6,225 5,689 589 588 CL Realty, L.L.C. 469 827 243 550 130 264 Temco Associates, LLC 1,144 714 435 114 242 (34 ) Wildwood Associates — 29 (58 ) (86 ) (30 ) (30 ) Crawford Long - CPI, LLC 6,139 5,881 1,446 1,348 728 701 Cousins Watkins LLC — 2,526 — 159 — 1,133 Other 12 5 (181 ) (180 ) 31 (348 ) $ 50,533 $ 52,046 $ 10,729 $ 9,009 $ 3,372 $ 3,313 On May 1, 2015, Carolina Square Holdings LP ("Carolina Square") was formed between the Company and NR 123 Franklin LLC ("Northwood Ravin"). Carolina Square is a 50 - 50 joint venture formed for the purpose of developing and constructing a mixed-use property in Chapel Hill, North Carolina pursuant to a ground lease. Upon formation, each partner contributed $1.7 million in cash towards pre-development costs. Carolina Square also entered into a construction loan agreement, secured by the project, which is expected to provide up to $79.8 million to fund future construction costs. The loan bears interest at LIBOR plus 1.90% and matures on May 1, 2018 . The Company and Northwood Ravin will each guarantee 12.5% of the loan amount.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETS Intangible assets on the balance sheets as of June 30, 2015 and December 31, 2014 included the following (in thousands): June 30, 2015 December 31, 2014 In-place leases, net of accumulated amortization of $74,457 and $62,302 in 2015 and 2014, respectively $ 126,539 $ 147,360 Above-market tenant leases, net of accumulated amortization of $14,319 and $13,748 in 2015 and 2014, respectively 9,151 12,017 Goodwill 3,867 3,867 $ 139,557 $ 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 six months ended June 30, 2015 and 2014 (in thousands): Six Months Ended June 30, 2015 2014 Beginning balance $ 3,867 $ 4,131 Allocated to property sales — (30 ) Ending balance $ 3,867 $ 4,101

Other Assets (Notes)

Other Assets (Notes)	6 Months Ended
	Jun. 30, 2015
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	Other assets on the balance sheets as of June 30, 2015 and December 31, 2014 included the following (in thousands): June 30, 2015 December 31, 2014 Lease inducements, net of accumulated amortization of $7,057 and $5,475 in 2015 and 2014, respectively $ 14,233 $ 12,245 FF&E and leasehold improvements, net of accumulated depreciation of $21,512 and $19,137 in 2015 and 2014, respectively 12,577 10,590 Loan closing costs, net of accumulated amortization of $3,001 and $2,286 in 2015 and 2014, respectively 6,171 6,878 Prepaid expenses and other assets 5,250 3,428 Predevelopment costs and earnest money 1,129 1,789 $ 39,360 $ 34,930

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 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 June 30, 2015 and December 31, 2014 ($ in thousands): Description Interest Rate Maturity June 30, 2015 December 31, 2014 Credit Facility, unsecured 1.29 % 2019 $ 202,000 $ 140,200 Post Oak Central mortgage note 4.26 % 2020 183,457 185,109 The American Cancer Society Center mortgage note 6.45 % 2017 130,215 131,083 Promenade mortgage note 4.27 % 2022 109,588 110,946 191 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 6.00 % 2020 25,197 25,408 The Points at Waterview mortgage note 5.66 % 2016 14,315 14,598 $ 849,772 $ 792,344 Fair Value At June 30, 2015 and December 31, 2014 , the aggregate estimated fair values of the Company's notes payable were $881.0 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 and six months ended June 30, 2015 and 2014 , interest expense was as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total interest incurred $ 8,683 $ 7,580 $ 17,263 $ 15,120 Interest capitalized (814 ) (610 ) (1,717 ) (983 ) Total interest expense $ 7,869 $ 6,970 $ 15,546 $ 14,137 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	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Commitments At June 30, 2015 , the Company had outstanding letters of credit and performance bonds totaling $2.0 million . As a lessor, the Company had $106.3 million in future obligations under leases to fund tenant improvements as of June 30, 2015 . As a lessee, the Company had future obligations under ground and office leases of $146.0 million as of June 30, 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.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 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/A 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 $2.0 million and $2.4 million for the three months ended June 30, 2015 and 2014 , respectively and $1.9 million and $4.8 million for the six months ended June 30, 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/A for the year ended December 31, 2014 . Under the 2009 Plan, the Company made restricted stock grants in 2015 of 165,922 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 175,849 and 68,110 , 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2015 and 2014 , respectively, are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weighted average shares — basic 216,630 198,440 216,599 195,108 Dilutive potential common shares — stock options 136 — 154 239 Weighted average shares — diluted 216,766 198,440 216,753 195,347 Weighted average anti-dilutive stock options 1,553 2,200 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	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS 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 residential and commercial land holdings. 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 June 30, 2015 Office Retail Land Other Total Net operating income $ 59,269 $ — $ — $ 1,505 $ 60,774 Sales less costs of sales — — (324 ) — (324 ) Fee income — — — 1,704 1,704 Other income — — — 238 238 General and administrative expenses — — — (5,942 ) (5,942 ) Reimbursed expenses — — — (717 ) (717 ) Interest expense — — — (9,696 ) (9,696 ) Other expenses — — — (799 ) (799 ) Funds from operations available to common stockholders $ 59,269 $ — $ (324 ) $ (13,707 ) 45,238 Real estate depreciation and amortization, including Company's share of joint ventures (37,277 ) Loss on sale of depreciated investment properties, including Company's share of joint ventures (10 ) Net income available to common stockholders $ 7,951 Three Months Ended June 30, 2014 Office Retail Land Other Total Net operating income $ 48,821 $ 1,288 $ — $ 1,179 $ 51,288 Sales less costs of sales — — 1,331 42 1,373 Fee income — — — 2,025 2,025 Other income — — — 2,256 2,256 General and administrative expenses — — — (5,756 ) (5,756 ) Reimbursed expenses — — — (988 ) (988 ) Interest expense — — — (8,813 ) (8,813 ) Other expenses — — — (893 ) (893 ) Preferred stock dividends and original issuance costs — — — (4,708 ) (4,708 ) Funds from operations available to common stockholders $ 48,821 $ 1,288 $ 1,331 $ (15,656 ) 35,784 Real estate depreciation and amortization, including Company's share of joint ventures (38,022 ) Gain on sale of depreciated investment properties including the Company's share of joint ventures 15 Net loss available to common stockholders $ (2,223 ) Six Months Ended June 30, 2015 Office Retail Land Other Total Net operating income $ 116,003 $ — $ — $ 2,824 $ 118,827 Sales less costs of sales — — 486 — 486 Fee income — — — 3,520 3,520 Other income — — — 645 645 Separation expenses — — — (102 ) (102 ) General and administrative expenses — — — (9,435 ) (9,435 ) Reimbursed expenses — — — (1,828 ) (1,828 ) Interest expense — — — (19,194 ) (19,194 ) Other expenses — — — (1,746 ) (1,746 ) Funds from operations available to common stockholders $ 116,003 $ — $ 486 $ (25,316 ) 91,173 Real estate depreciation and amortization, including Company's share of joint ventures (75,743 ) Loss on sale of depreciated investment properties, including Company's share of joint ventures (275 ) Net income available to common stockholders $ 15,155 Six Months Ended June 30, 2014 Office Retail Land Other Total Net operating income $ 96,419 $ 2,591 $ — $ 2,296 $ 101,306 Sales less costs of sales — — 1,491 42 1,533 Fee income — — — 4,363 4,363 Other income — — — 4,172 4,172 Separation expenses — — — (84 ) (84 ) General and administrative expenses — — — (11,367 ) (11,367 ) Reimbursed expenses — — — (1,920 ) (1,920 ) Interest expense — — — (17,825 ) (17,825 ) Other expenses — — — (1,727 ) (1,727 ) Preferred stock dividends and original issuance costs — — — (6,485 ) (6,485 ) Funds from operations available to common stockholders $ 96,419 $ 2,591 $ 1,491 $ (28,535 ) 71,966 Real estate depreciation and amortization, including Company's share of joint ventures (74,974 ) Gain on sale of depreciated investment properties, including Company's share of joint ventures 5,987 Net income available to common stockholders $ 2,979 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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net operating income $ 60,774 $ 51,288 $ 118,827 $ 101,306 Sales less cost of sales (324 ) 1,373 486 1,533 Fee income 1,704 2,025 3,520 4,363 Other income 238 2,256 645 4,172 Rental property operating expenses 41,387 35,959 79,340 70,816 Cost of sales — 270 — 270 Net operating income in joint ventures (5,984 ) (6,648 ) (11,971 ) (13,147 ) Sales less cost of sales in joint ventures (242 ) (47 ) (242 ) (47 ) Net operating income in discontinued operations — (565 ) 14 (1,457 ) Other income in discontinued operations and in joint ventures (188 ) (82 ) (348 ) (89 ) Termination fees in discontinued operations and in joint ventures (28 ) — (148 ) — (Gain) loss on land sales (included in gain on investment properties) 566 (1,324 ) (244 ) (1,492 ) Total consolidated revenues $ 97,903 $ 84,505 $ 189,879 $ 166,228

Real estate assets held for sal

Real estate assets held for sale (Notes)	6 Months Ended
	Jun. 30, 2015
Long Lived Assets Held-for-sale [Line Items]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	REAL ESTATE ASSETS HELD FOR SALE During the second quarter of 2015, the Company determined that 2100 Ross, an 844,000 square foot office property in Dallas, Texas, met the criteria for held for sale. The Company also determined the sale of the property would not represent a strategic shift in operations and, therefore, it is presented in continuing operations for all periods present. This property is also classified as an office segment under segment reporting requirements. The Company transferred the assets and liabilities of 2100 Ross to assets and liabilities held for sale on the Condensed Consolidated Balance Sheet as of June 30, 2015. The major classes of assets and liabilities of the property held for sale as of June 30, 2015 are as follows (in thousands): Real estate assets and related assets held for sale Operating Properties, net of accumulated depreciation of $13,294 $ 74,667 Notes and accounts receivable 560 Deferred rents receivable 6,195 Intangible assets, net of accumulated amortization of $7,590 4,391 Other assets 962 $ 86,775 Liabilities of real estate assets held for sale Accounts payable and accrued expenses $ 2,319 Intangible liabilities, net of accumulated amortization of $308 128 Other liabilities 685 $ 3,132 The major classes of assets and liabilities of the property held for sale as of June 30, 2015 are as follows (in thousands): Real estate assets and related assets held for sale Operating Properties, net of accumulated depreciation of $13,294 $ 74,667 Notes and accounts receivable 560 Deferred rents receivable 6,195 Intangible assets, net of accumulated amortization of $7,590 4,391 Other assets 962 $ 86,775 Liabilities of real estate assets held for sale Accounts payable and accrued expenses $ 2,319 Intangible liabilities, net of accumulated amortization of $308 128 Other liabilities 685 $ 3,132

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS In July 2015, the Company purchased a 4.16 acre site for $27.0 million in Atlanta, Georgia for the development of NCR Corporation’s headquarters building. The site is expected to include an approximately 485,000 square foot office building, which is 100% pre-leased to NCR Corporation for 15 years. The site also includes a parcel for a potential future second phase.

Investment in Unconsolidated 18

Investment in Unconsolidated Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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 $ 291,133 $ 288,415 $ 212,444 $ 213,640 $ 64,374 $ 62,830 $ 32,916 $ 32,323 EP I LLC 84,490 85,228 58,029 58,029 24,611 26,671 22,217 22,905 EP II LLC 65,213 42,772 32,879 12,735 24,858 24,969 19,839 19,905 Charlotte Gateway Village, LLC 127,949 130,272 26,676 35,530 87,736 92,808 11,201 11,218 HICO Victory Center LP 12,458 10,450 — — 12,204 10,450 8,636 7,572 CL Realty, L.L.C. 7,403 7,264 — — 7,285 7,042 3,676 3,546 Temco Associates, LLC 6,536 6,910 — — 6,144 6,709 2,769 3,027 Carolina Square Holdings LP 4,960 — — — 4,960 — 2,409 — Wildwood Associates 16,440 16,400 — — 16,402 16,389 (1,136 ) (1) (1,106 ) (1) Crawford Long - CPI, LLC 30,986 29,946 75,000 75,000 (57,595 ) (45,762 ) (21,722 ) (1) (21,931 ) (1) Other 1,118 1,411 — — 906 979 2 2 $ 648,686 $ 619,068 $ 405,028 $ 394,934 $ 191,885 $ 203,085 $ 80,807 $ 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 six months ended June 30, 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 $ 19,638 $ 19,357 $ 1,139 $ (2 ) $ 570 $ (23 ) EP I LLC 6,218 5,975 1,480 1,417 1,112 1,062 Charlotte Gateway Village, LLC 16,913 16,732 6,225 5,689 589 588 CL Realty, L.L.C. 469 827 243 550 130 264 Temco Associates, LLC 1,144 714 435 114 242 (34 ) Wildwood Associates — 29 (58 ) (86 ) (30 ) (30 ) Crawford Long - CPI, LLC 6,139 5,881 1,446 1,348 728 701 Cousins Watkins LLC — 2,526 — 159 — 1,133 Other 12 5 (181 ) (180 ) 31 (348 ) $ 50,533 $ 52,046 $ 10,729 $ 9,009 $ 3,372 $ 3,313

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets [Table Text Block]	assets on the balance sheets as of June 30, 2015 and December 31, 2014 included the following (in thousands): June 30, 2015 December 31, 2014 In-place leases, net of accumulated amortization of $74,457 and $62,302 in 2015 and 2014, respectively $ 126,539 $ 147,360 Above-market tenant leases, net of accumulated amortization of $14,319 and $13,748 in 2015 and 2014, respectively 9,151 12,017 Goodwill 3,867 3,867 $ 139,557 $ 163,244
Schedule of Goodwill [Table Text Block]	The following is a summary of goodwill activity for the six months ended June 30, 2015 and 2014 (in thousands): Six Months Ended June 30, 2015 2014 Beginning balance $ 3,867 $ 4,131 Allocated to property sales — (30 ) Ending balance $ 3,867 $ 4,101

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	. OTHER ASSETS Other assets on the balance sheets as of June 30, 2015 and December 31, 2014 included the following (in thousands): June 30, 2015 December 31, 2014 Lease inducements, net of accumulated amortization of $7,057 and $5,475 in 2015 and 2014, respectively $ 14,233 $ 12,245 FF&E and leasehold improvements, net of accumulated depreciation of $21,512 and $19,137 in 2015 and 2014, respectively 12,577 10,590 Loan closing costs, net of accumulated amortization of $3,001 and $2,286 in 2015 and 2014, respectively 6,171 6,878 Prepaid expenses and other assets 5,250 3,428 Predevelopment costs and earnest money 1,129 1,789 $ 39,360 $ 34,930

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2015 and December 31, 2014 ($ in thousands): Description Interest Rate Maturity June 30, 2015 December 31, 2014 Credit Facility, unsecured 1.29 % 2019 $ 202,000 $ 140,200 Post Oak Central mortgage note 4.26 % 2020 183,457 185,109 The American Cancer Society Center mortgage note 6.45 % 2017 130,215 131,083 Promenade mortgage note 4.27 % 2022 109,588 110,946 191 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 6.00 % 2020 25,197 25,408 The Points at Waterview mortgage note 5.66 % 2016 14,315 14,598 $ 849,772 $ 792,344
Summary of interest	For the three and six months ended June 30, 2015 and 2014 , interest expense was as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total interest incurred $ 8,683 $ 7,580 $ 17,263 $ 15,120 Interest capitalized (814 ) (610 ) (1,717 ) (983 ) Total interest expense $ 7,869 $ 6,970 $ 15,546 $ 14,137

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share Tables (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	Weighted average shares-basic and diluted for the three and six months ended June 30, 2015 and 2014 , respectively, are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weighted average shares — basic 216,630 198,440 216,599 195,108 Dilutive potential common shares — stock options 136 — 154 239 Weighted average shares — diluted 216,766 198,440 216,753 195,347 Weighted average anti-dilutive stock options 1,553 2,200 1,553 2,200

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting Information [Line Items]
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 June 30, 2015 Office Retail Land Other Total Net operating income $ 59,269 $ — $ — $ 1,505 $ 60,774 Sales less costs of sales — — (324 ) — (324 ) Fee income — — — 1,704 1,704 Other income — — — 238 238 General and administrative expenses — — — (5,942 ) (5,942 ) Reimbursed expenses — — — (717 ) (717 ) Interest expense — — — (9,696 ) (9,696 ) Other expenses — — — (799 ) (799 ) Funds from operations available to common stockholders $ 59,269 $ — $ (324 ) $ (13,707 ) 45,238 Real estate depreciation and amortization, including Company's share of joint ventures (37,277 ) Loss on sale of depreciated investment properties, including Company's share of joint ventures (10 ) Net income available to common stockholders $ 7,951 Three Months Ended June 30, 2014 Office Retail Land Other Total Net operating income $ 48,821 $ 1,288 $ — $ 1,179 $ 51,288 Sales less costs of sales — — 1,331 42 1,373 Fee income — — — 2,025 2,025 Other income — — — 2,256 2,256 General and administrative expenses — — — (5,756 ) (5,756 ) Reimbursed expenses — — — (988 ) (988 ) Interest expense — — — (8,813 ) (8,813 ) Other expenses — — — (893 ) (893 ) Preferred stock dividends and original issuance costs — — — (4,708 ) (4,708 ) Funds from operations available to common stockholders $ 48,821 $ 1,288 $ 1,331 $ (15,656 ) 35,784 Real estate depreciation and amortization, including Company's share of joint ventures (38,022 ) Gain on sale of depreciated investment properties including the Company's share of joint ventures 15 Net loss available to common stockholders $ (2,223 )
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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net operating income $ 60,774 $ 51,288 $ 118,827 $ 101,306 Sales less cost of sales (324 ) 1,373 486 1,533 Fee income 1,704 2,025 3,520 4,363 Other income 238 2,256 645 4,172 Rental property operating expenses 41,387 35,959 79,340 70,816 Cost of sales — 270 — 270 Net operating income in joint ventures (5,984 ) (6,648 ) (11,971 ) (13,147 ) Sales less cost of sales in joint ventures (242 ) (47 ) (242 ) (47 ) Net operating income in discontinued operations — (565 ) 14 (1,457 ) Other income in discontinued operations and in joint ventures (188 ) (82 ) (348 ) (89 ) Termination fees in discontinued operations and in joint ventures (28 ) — (148 ) — (Gain) loss on land sales (included in gain on investment properties) 566 (1,324 ) (244 ) (1,492 ) Total consolidated revenues $ 97,903 $ 84,505 $ 189,879 $ 166,228

Real estate assets held for s24

Real estate assets held for sale (Tables)	6 Months Ended
	Jun. 30, 2015
Long Lived Assets Held-for-sale [Line Items]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	REAL ESTATE ASSETS HELD FOR SALE During the second quarter of 2015, the Company determined that 2100 Ross, an 844,000 square foot office property in Dallas, Texas, met the criteria for held for sale. The Company also determined the sale of the property would not represent a strategic shift in operations and, therefore, it is presented in continuing operations for all periods present. This property is also classified as an office segment under segment reporting requirements. The Company transferred the assets and liabilities of 2100 Ross to assets and liabilities held for sale on the Condensed Consolidated Balance Sheet as of June 30, 2015. The major classes of assets and liabilities of the property held for sale as of June 30, 2015 are as follows (in thousands): Real estate assets and related assets held for sale Operating Properties, net of accumulated depreciation of $13,294 $ 74,667 Notes and accounts receivable 560 Deferred rents receivable 6,195 Intangible assets, net of accumulated amortization of $7,590 4,391 Other assets 962 $ 86,775 Liabilities of real estate assets held for sale Accounts payable and accrued expenses $ 2,319 Intangible liabilities, net of accumulated amortization of $308 128 Other liabilities 685 $ 3,132 The major classes of assets and liabilities of the property held for sale as of June 30, 2015 are as follows (in thousands): Real estate assets and related assets held for sale Operating Properties, net of accumulated depreciation of $13,294 $ 74,667 Notes and accounts receivable 560 Deferred rents receivable 6,195 Intangible assets, net of accumulated amortization of $7,590 4,391 Other assets 962 $ 86,775 Liabilities of real estate assets held for sale Accounts payable and accrued expenses $ 2,319 Intangible liabilities, net of accumulated amortization of $308 128 Other liabilities 685 $ 3,132

Basis of Presentation Percentag

Basis of Presentation Percentage of taxable income distributed (Details)	6 Months Ended
	Jun. 30, 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) - shares	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Common Stock, Shares, Issued	220,255,502	220,082,610

Property Transactions Propert27

Property Transactions Property Transactions (Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Discontinued Operations [Line Items]
Document Fiscal Year Focus			2,015
Income (Loss) from Discontinued Operations	$ (6)	$ 566	$ (19)	$ 1,457
Gain (Loss) on Disposal of Discontinued Operation	$ 0	$ 14	$ (551)	$ 6,379

Investment in Unconsolidated 28

Investment in Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Document Period End Date		Jun. 30, 2015
Document Fiscal Year Focus		2,015
SUMMARY OF FINANCIAL POSITION:
Total Assets		$ 648,686		$ 619,068
Total Debt		405,028		394,934
Total Equity		191,885		203,085
Company's Investment		80,807		77,461
SUMMARY OF OPERATIONS:
Total Revenues		50,533	$ 52,046
Net Income (Loss)		10,729	9,009
Income (Loss) from Equity Method Investments Gross of Impairment Charges		3,372	3,313
Terminus Office Holdings [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		291,133		288,415
Total Debt		212,444		213,640
Total Equity		64,374		62,830
Company's Investment		32,916		32,323
SUMMARY OF OPERATIONS:
Total Revenues		19,638	19,357
Net Income (Loss)		1,139	(2)
Income (Loss) from Equity Method Investments Gross of Impairment Charges		570	(23)
EP I LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		84,490		85,228
Total Debt		58,029		58,029
Total Equity		24,611		26,671
Company's Investment		22,217		22,905
SUMMARY OF OPERATIONS:
Total Revenues		6,218	5,975
Net Income (Loss)		1,480	1,417
Income (Loss) from Equity Method Investments Gross of Impairment Charges		1,112	1,062
EP II LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		65,213		42,772
Total Debt		32,879		12,735
Total Equity		24,858		24,969
Company's Investment		19,839		19,905
Cousins Watkins LLC [Member]
SUMMARY OF OPERATIONS:
Total Revenues		0	2,526
Net Income (Loss)		0	159
Income (Loss) from Equity Method Investments Gross of Impairment Charges		0	1,133
Charlotte Gateway Village, LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		127,949		130,272
Total Debt		26,676		35,530
Total Equity		87,736		92,808
Company's Investment		11,201		11,218
SUMMARY OF OPERATIONS:
Total Revenues		16,913	16,732
Net Income (Loss)		6,225	5,689
Income (Loss) from Equity Method Investments Gross of Impairment Charges		589	588
HICO Victory Center LP [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		12,458		10,450
Total Debt		0		0
Total Equity		12,204		10,450
Company's Investment		8,636		7,572
Temco Associates, LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		6,536		6,910
Total Debt		0		0
Total Equity		6,144		6,709
Company's Investment		2,769		3,027
SUMMARY OF OPERATIONS:
Total Revenues		1,144	714
Net Income (Loss)		435	114
Income (Loss) from Equity Method Investments Gross of Impairment Charges		242	(34)
Carolina Square Holdings LP [Member]
Schedule of Equity Method Investments [Line Items]
General Partners' Contributed Capital		1,700
Maximum Amount Available Under Construction Facility Revised		79,800
SUMMARY OF FINANCIAL POSITION:
Total Assets		4,960		0
Total Debt		0		0
Total Equity		4,960		0
Company's Investment		$ 2,409		0
SUMMARY OF OPERATIONS:
Debt Instrument, Basis Spread on Variable Rate		1.90%
Mortgage Loans on Real Estate, Final Maturity Date		May 1, 2018
Maximum Percentage Guaranteed Under Construction Loan		12.50%
CL Realty, L.L.C. [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		$ 7,403		7,264
Total Debt		0		0
Total Equity		7,285		7,042
Company's Investment		3,676		3,546
SUMMARY OF OPERATIONS:
Total Revenues		469	827
Net Income (Loss)		243	550
Income (Loss) from Equity Method Investments Gross of Impairment Charges		130	264
Wildwood Associates
SUMMARY OF FINANCIAL POSITION:
Total Assets		16,440		16,400
Total Debt		0		0
Total Equity		16,402		16,389
Company's Investment	[1]	(1,136)		(1,106)
SUMMARY OF OPERATIONS:
Total Revenues		0	29
Net Income (Loss)		(58)	(86)
Income (Loss) from Equity Method Investments Gross of Impairment Charges		(30)	(30)
Crawford Long CPI LLC [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		30,986		29,946
Total Debt		75,000		75,000
Total Equity		(57,595)		(45,762)
Company's Investment	[1]	(21,722)		(21,931)
SUMMARY OF OPERATIONS:
Total Revenues		6,139	5,881
Net Income (Loss)		1,446	1,348
Income (Loss) from Equity Method Investments Gross of Impairment Charges		728	701
Other Equity Method Investee [Member]
SUMMARY OF FINANCIAL POSITION:
Total Assets		1,118		1,411
Total Debt		0		0
Total Equity		906		979
Company's Investment		2		$ 2
SUMMARY OF OPERATIONS:
Total Revenues		12	5
Net Income (Loss)		(181)	(180)
Income (Loss) from Equity Method Investments Gross of Impairment Charges		$ 31	$ (348)
NR 123 Franklin LLC [Member] | Carolina Square Holdings LP [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage of Partner in Joint Venture		5000.00%
LIBOR [Member] | Carolina Square Holdings LP [Member]
SUMMARY OF OPERATIONS:
Debt Instrument, Description of Variable Rate Basis		LIBOR
[1]	Negative balances are included in deferred income on the balance sheets.

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Intangible Assets
In-place leases, net of accumulated amortization of $74,457 and $62,302 in 2015 and 2014, respectively	$ 126,539	$ 147,360
Above-market tenant leases, net of accumulated amortization of $14,319 and $13,748 in 2015 and 2014, respectively	9,151	12,017
Goodwill	3,867	3,867	$ 4,101	$ 4,131
Intangible Assets, Net (Including Goodwill)	139,557	163,244
In-place leases accumulated amortization	74,457	62,302
Above-market tenant leases accumulated amortization	$ 14,319	$ 13,748

Intangible Assets Intangible As

Intangible Assets Intangible Assets - Goodwill Rollforward Table (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Goodwill [Roll Forward]
Goodwill	$ 3,867	$ 4,131
Allocated to property sales	0	(30)
Goodwill	$ 3,867	$ 4,101

Other Assets Other Assets (Deta

Other Assets Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Other Assets [Abstract]
Lease inducements, net of accumulated amortization of $7,057 and $5,475 in 2015 and 2014, respectively	$ 14,233	$ 12,245
FF&E and leasehold improvements, net of accumulated depreciation of $21,512 and $19,137 in 2015 and 2014, respectively	12,577	10,590
Loan closing costs, net of accumulated amortization of $2,643 and $2,286 in 2015 and 2014, respectively	6,171	6,878
Prepaid expenses and other assets	5,250	3,428
Predevelopment costs and earnest money	1,129	1,789
Other Assets	39,360	34,930
Accumulated Amortization Incentives to Lessees	7,057	5,475
Furniture, Fixture and Equipments and Leasehold Improvements Accumulated Depreciation	21,512	19,137
Accumulated Amortization, Deferred Finance Costs	$ 3,001	$ 2,286

Notes Payable (Debt Table) (Det

Notes Payable (Debt Table) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Notes Payable [Line Items]
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Summary of terms of notes payable
Notes payable	$ 849,772	$ 792,344
Post Oak Central Mortgage Note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan	4.26%
Notes payable	$ 183,457	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	$ 130,215	131,083
Promenade Atlanta Mortgage Note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan	4.27%
Notes payable	$ 109,588	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	1.29%
Notes payable	$ 202,000	140,200
Meridian Mark Plaza mortgage note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan	6.00%
Notes payable	$ 25,197	25,408
Points at Waterview mortgage note [Member]
Summary of terms of notes payable
Interest rate on mortgage loan	5.66%
Notes payable	$ 14,315	$ 14,598

Notes Payable (Details Textual)

Notes Payable (Details Textual) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Debt Instrument, Fair Value Disclosure	$ 881	$ 835.4
Document Fiscal Year Focus	2,015

Notes Payable (Interest Expense

Notes Payable (Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Detail of interest expensed and incurred
Total interest incurred	$ 8,683	$ 7,580	$ 17,263	$ 15,120
Interest capitalized	(814)	(610)	(1,717)	(983)
Total interest expense	$ 7,869	$ 6,970	$ 15,546	$ 14,137

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) $ in Millions	Jun. 30, 2015USD ($)
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 2
Outstanding Commitments to Fund Real Estate Projects	106.3
Operating Leases, Future Minimum Payments Due	$ 146

Noncontrolling Interests (Detai

Noncontrolling Interests (Details of the income from NCI table) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Components on noncontrolling interests
Net loss (income)	$ 0	$ 129	$ 0	$ 284

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Common Stock, Shares, Issued	220,255,502	220,082,610
Preferred Stock, Par or Stated Value Per Share	$ 1	$ 1

Stock-Based Compensation Stock

Stock-Based Compensation Stock Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 2	$ 2.4	$ 1.9	$ 4.8
Document Fiscal Year Focus			2,015
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			165,922
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			175,849
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			68,110
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 P39

Earnings Per Share Earnings Per Share (Table) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Weighted average shares - basic	216,630	198,440	216,599	195,108
Dilutive potential common shares - stock options	136	0	154	239
Weighted average shares - diluted	216,766	198,440	216,753	195,347
Anti-dilutive options	1,553	2,200	1,553	2,200

Reportable Segments Reportable

Reportable Segments Reportable Segments-No of Rept Segments (Detail Textual) (Details)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Number of Reportable Segments	4

Reportable Segments Table (Deta

Reportable Segments Table (Details) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Severance Costs	$ 0	$ 0		$ (102,000)	$ (84,000)
Reimbursed Expenses	(717,000)	(988,000)		(1,828,000)	(1,920,000)
Dividends, Preferred Stock	0	(1,178,000)		0	(2,955,000)
Net income (loss) available to common stockholders	7,951,000	(2,223,000)		15,155,000	2,979,000
Office Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	59,269,000	48,821,000		116,003,000	96,419,000
Residential lot and other sales, net of cost of sales	0	0		0	0
Fee income, Net of Reimbursed Expenses	0	0		0	0
Other Income	0	0		0	0
Severance Costs				0	0
General and Administrative Expense	0	0		0	0
Reimbursed Expenses	0	0		0	0
Interest Expense Including Discontinued Operations	0	0		0	0
Other nonoperating expense, including discontinued operations	0	0		0	0
Dividends, Preferred Stock		0			0
Funds from Operations Available to Common Stockholders	59,269,000	48,821,000		116,003,000	96,419,000
Retail Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	0	1,288,000		0	2,591,000
Residential lot and other sales, net of cost of sales	0	0		0	0
Fee income, Net of Reimbursed Expenses	0	0		0	0
Other Income	0	0		0	0
Severance Costs				0	0
General and Administrative Expense	0	0		0	0
Reimbursed Expenses	0	0		0	0
Interest Expense Including Discontinued Operations	0	0		0	0
Other nonoperating expense, including discontinued operations	0	0		0	0
Dividends, Preferred Stock		0			0
Funds from Operations Available to Common Stockholders	0	1,288,000		0	2,591,000
Land [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	0	0		0	0
Residential lot and other sales, net of cost of sales	(324,000)	1,331,000		486,000	1,491,000
Fee income, Net of Reimbursed Expenses	0	0		0	0
Other Income	0	0		0	0
Severance Costs				0	0
General and Administrative Expense	0	0		0	0
Reimbursed Expenses	0	0		0	0
Interest Expense Including Discontinued Operations	0	0		0	0
Other nonoperating expense, including discontinued operations	0	0		0	0
Dividends, Preferred Stock		0			0
Funds from Operations Available to Common Stockholders	(324,000)	1,331,000		486,000	1,491,000
All Other Segments [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	1,505,000	1,179,000		2,824,000	2,296,000
Residential lot and other sales, net of cost of sales	0	42,000		0	42,000
Fee income, Net of Reimbursed Expenses	1,704,000	2,025,000		3,520,000	4,363,000
Other Income	238,000	2,256,000		645,000	4,172,000
Severance Costs				(102,000)	(84,000)
General and Administrative Expense	(5,942,000)	(5,756,000)		(9,435,000)	(11,367,000)
Reimbursed Expenses	(717,000)	(988,000)		(1,828,000)	(1,920,000)
Interest Expense Including Discontinued Operations	(9,696,000)	(8,813,000)		(19,194,000)	(17,825,000)
Other nonoperating expense, including discontinued operations	(799,000)	(893,000)		(1,746,000)	(1,727,000)
Dividends, Preferred Stock		(4,708,000)			(6,485,000)
Funds from Operations Available to Common Stockholders	(13,707,000)	(15,656,000)		(25,316,000)	(28,535,000)
Total Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	60,774,000	51,288,000	$ 51,288,000	118,827,000	101,306,000	$ 101,306,000	$ 118,827,000
Residential lot and other sales, net of cost of sales	(324,000)	1,373,000	1,373,000	486,000	1,533,000	1,533,000	486,000
Fee income, Net of Reimbursed Expenses	1,704,000	2,025,000	2,025,000	3,520,000	4,363,000	4,363,000	3,520,000
Other Income	238,000	2,256,000	$ 2,256,000	645,000	4,172,000	$ 4,172,000	$ 645,000
Severance Costs				(102,000)	(84,000)
General and Administrative Expense	(5,942,000)	(5,756,000)		(9,435,000)	(11,367,000)
Reimbursed Expenses	(717,000)	(988,000)		(1,828,000)	(1,920,000)
Interest Expense Including Discontinued Operations	(9,696,000)	(8,813,000)		(19,194,000)	(17,825,000)
Other nonoperating expense, including discontinued operations	(799,000)	(893,000)		(1,746,000)	(1,727,000)
Dividends, Preferred Stock		(4,708,000)			(6,485,000)
Funds from Operations Available to Common Stockholders	45,238,000	35,784,000		91,173,000	71,966,000
Real estate depreciation and amortization, including Company's share of joint ventures	(37,277,000)	(38,022,000)		(75,743,000)	(74,974,000)
Gain on sale of depreciated investment properties, including Company's share of joint ventures	(10,000)	15,000		(275,000)	5,987,000
Net income (loss) available to common stockholders	$ 7,951,000	$ (2,223,000)		$ 15,155,000	$ 2,979,000

Reportable Segments Reportabl42

Reportable Segments Reportable Segments (Revenue Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Document Fiscal Year Focus				2,015
Rental property operating expenses	$ (41,387)	$ (35,959)		$ (79,340)	$ (70,816)
Total consolidated revenues	97,903	84,505		189,879	166,228
Total Segment [Member]
Segment Reporting Information [Line Items]
Net operating property income, including discontinued operations	60,774	51,288	$ 51,288	118,827	101,306	$ 101,306	$ 118,827
Residential Lot Sales Net of Cost of Sales Including Gain on Sale of Undepreciated Investment Properties	(324)	1,373	1,373	486	1,533	1,533	486
Fee income, Net of Reimbursed Expenses	1,704	2,025	2,025	3,520	4,363	4,363	3,520
Other Income	238	$ 2,256	2,256	$ 645	$ 4,172	4,172	645
Rental property operating expenses			35,959			(70,816)
Plus residential lot, multi-family unit and outparcel cost of sales	0		270			(270)	0
Net operating income in joint venture	(5,984)		(6,648)			(13,147)	(11,971)
Net sales of joint ventures	(242)		(47)			(47)	(242)
Net operating income from discontinued operations not included in revenues	0		(565)			(1,457)	14
Discontinued Operations Other Income	188		82			89	348
Termination Fees in Discontinues Operations and in Joint Ventures	(28)		0			0	(148)
Residential Lot Multi Family Unit Tract and Outparcel Sales Net of Cost of Sales Including Gain on Sale of Undepreciated Investment Properties	566		(1,324)			(1,492)	(244)
Total consolidated revenues	$ 97,903		$ 84,505			$ 166,228	$ 189,879

Real estate assets held for s43

Real estate assets held for sale (Details)	6 Months Ended
	Jun. 30, 2015USD ($)ft²	Dec. 31, 2014USD ($)
Long Lived Assets Held-for-sale [Line Items]
Document Period End Date	Jun. 30, 2015
Operating properties accumulated depreciation, held for sale	$ 13,294,000
Operating properties, net held for sale	74,667,000
Notes and accounts receivable held for sale	560,000
Deferred rents receivable held for sale	6,195,000
Intangible assets, net held for sale	4,391,000
Held for sale, other assets	962,000
Disposal Group, Including Discontinued Operation, Long Lived Assets	86,775,000	$ 0
Accounts payable and accrued expenses held for sale	2,319,000
Intangible liabilities, net held for sale	128,000
Other liabilities held for sale	685,000
Disposal Group, Including Discontinued Operation, Liabilities, Current	3,132,000	$ 0
Intangible assets accumulated amortization, held for sale	7,590,000
Intangible liabilities accumulated amortization, held for sale	$ 308,000
2100 Ross Avenue [Member]
Long Lived Assets Held-for-sale [Line Items]
Net Rentable Area | ft²	844,000

Subsequent Events (Details)

Subsequent Events (Details) - Spring & 8th/ NCR [Member] - Subsequent Event [Member] $ in Millions	3 Months Ended
	Sep. 30, 2015	Jul. 15, 2015USD ($)ft²aRate
Subsequent Event [Line Items]
Length of Lease	15 years
Area of Land | a		4.16
Business Combination Purchase Price | $		$ 27
Net Rentable Area | ft²		485,000
Preleased percentage		100.00%