Cousins Properties (CUZ) 10-Q 24 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 18, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2019
Entity File Number	001-11312
Entity Registrant Name	COUSINS PROPERTIES INC
Entity Central Index Key	0000025232
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-0869052
Entity Address, Address Line One	3344 Peachtree Road NE
Entity Address, Address Line Two	Suite 1800
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30326-4802
City Area Code	404
Local Phone Number	407-1000
Title of 12(b) Security	Common Stock, $1 par value per share
Trading Symbol	CUZ
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		146,763,027

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Real estate assets:
Operating properties, net of accumulated depreciation of $500,509 and $421,495 in 2019 and 2018, respectively	$ 5,594,814	$ 3,603,011
Projects under development	287,619	24,217
Land	110,212	72,563
Total real estate assets	5,992,645	3,699,791
Real estate assets and other assets held for sale, net of accumulated depreciation and amortization of $0 in 2019	29,193	0
Cash and cash equivalents	11,885	2,547
Restricted cash	2,182	148
Notes and accounts receivable	24,139	13,821
Deferred rents receivable	96,659	83,116
Investment in unconsolidated joint ventures	176,169	161,907
Intangible assets, net	283,139	145,883
Other assets	60,661	39,083
Total assets	6,676,672	4,146,296
Liabilities:
Notes payable	1,837,449	1,062,570
Accounts payable and accrued expenses	188,337	110,159
Deferred income	56,477	41,266
Intangible liabilities, net of accumulated amortization of $49,034 and $42,473 in 2019 and 2018, respectively	101,735	56,941
Other liabilities	123,056	54,204
Total liabilities	2,307,054	1,325,140
Commitments and contingencies
Stockholders' investment:
Preferred stock, $1 par value, 20,000,000 shares authorized, 1,716,837 shares issued and outstanding in 2019 and 2018	1,717	1,717
Common stock, $1 par value, 300,000,000 and 175,000,000 shares authorized in 2019 and 2018, respectively, and 149,347,960 and 107,681,130 shares issued in 2019 and 2018, respectively	149,348	107,681
Additional paid-in capital	5,492,648	3,934,385
Treasury stock at cost, 2,584,933 shares in 2019 and 2018	(148,473)	(148,473)
Distributions in excess of cumulative net income	(1,189,567)	(1,129,445)
Total stockholders' investment	4,305,673	2,765,865
Nonredeemable noncontrolling interests	63,945	55,291
Total equity	4,369,618	2,821,156
Total liabilities and equity	$ 6,676,672	$ 4,146,296

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accumulated depreciation on operating properties	$ 500,509	$ 421,495
Accumulated deprecation and amortization on real estate and other assets held for sale	0
Accumulated amortization on intangible liabilities	$ 49,034	$ 42,473
Preferred stock, par value (in usd per share)	$ 1	$ 1
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	1,716,837	1,716,837
Preferred stock, shares outstanding	1,716,837	1,716,837
Common stock, par value (in usd per share)	$ 1	$ 1
Common stock, shares authorized	300,000,000	175,000,000
Common stock, shares issued	149,347,960	107,681,130
Treasury stock, shares	2,584,933	2,584,933

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Revenues	$ 142,020	$ 116,628	$ 274,753	$ 233,830
Expenses:
Rental property operating expenses	46,705	40,731	90,192	80,922
Reimbursed expenses	1,047	860	1,979	1,802
General and administrative expenses	8,374	8,071	19,834	14,880
Interest expense	12,059	9,714	22,879	19,492
Depreciation and amortization	50,904	45,675	96,765	90,768
Transaction costs	49,827	137	49,830	228
Other	624	44	804	364
Total costs and expenses	169,540	105,232	282,283	208,456
Income from unconsolidated joint ventures	3,634	5,036	6,538	7,921
Gain on sale of investment properties	1,304	5,317	14,415	4,945
Loss on extinguishment of debt	0	0	0	(85)
Net income (loss)	(22,582)	21,749	13,423	38,155
Net (income) loss attributable to noncontrolling interests	173	(473)	(491)	(836)
Net income (loss) available to common stockholders	$ (22,409)	$ 21,276	$ 12,932	$ 37,319
Net income (loss) per common share — basic and diluted (in usd per share)	$ (0.20)	$ 0.20	$ 0.12	$ 0.36
Weighted average shares — basic (in shares)	112,926	105,073	109,049	105,056
Weighted average shares — diluted (in shares)	114,670	106,875	110,822	106,861
Rental property revenues
Revenues:
Revenues	$ 134,933	$ 114,337	$ 258,798	$ 228,045
Fee income
Revenues:
Revenues	7,076	1,798	15,804	4,692
Other
Revenues:
Revenues	$ 11	$ 493	$ 151	$ 1,093

Condensed Consolidated Statem_2

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, 2017	$ 2,825,111	$ 1,717	$ 107,587	$ 3,932,689	$ (148,373)	$ (1,121,647)	$ 2,771,973	$ 53,138
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	38,155					37,319	37,319	836
Common stock issued pursuant to stock based compensation	(567)		99	(566)	(100)		(567)
Amortization of stock options and restricted stock, net of forfeitures	1,122		(3)	1,125			1,122
Contributions from nonredeemable noncontrolling interests	1,708							1,708
Distributions to nonredeemable noncontrolling interests	(873)							(873)
Common dividends	(54,641)					(54,641)	(54,641)
Ending balance at Jun. 30, 2018	2,832,344	1,717	107,683	3,933,248	(148,473)	(1,116,640)	2,777,535	54,809
Beginning balance at Mar. 31, 2018	2,835,915	1,717	107,643	3,932,416	(148,373)	(1,110,590)	2,782,813	53,102
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	21,749					21,276	21,276	473
Common stock issued pursuant to stock based compensation	192		41	251	(100)		192
Amortization of stock options and restricted stock, net of forfeitures	580		(1)	581			580
Contributions from nonredeemable noncontrolling interests	1,708							1,708
Distributions to nonredeemable noncontrolling interests	(474)							(474)
Common dividends	(27,326)					(27,326)	(27,326)
Ending balance at Jun. 30, 2018	2,832,344	1,717	107,683	3,933,248	(148,473)	(1,116,640)	2,777,535	54,809
Beginning balance at Dec. 31, 2018	2,821,156	1,717	107,681	3,934,385	(148,473)	(1,129,445)	2,765,865	55,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	13,423					12,932	12,932	491
Common stock issued in merger	1,598,189		41,576	1,556,613			1,598,189
Common stock issued pursuant to stock based compensation	509		91	418			509
Amortization of stock options and restricted stock, net of forfeitures	1,232			1,232			1,232
Nonredeemable noncontrolling interests acquired in merger	5,187							5,187
Contributions from nonredeemable noncontrolling interests	4,241							4,241
Distributions to nonredeemable noncontrolling interests	(1,265)							(1,265)
Common dividends	(73,054)					(73,054)	(73,054)
Ending balance at Jun. 30, 2019	4,369,618	1,717	149,348	5,492,648	(148,473)	(1,189,567)	4,305,673	63,945
Beginning balance at Mar. 31, 2019	2,828,229	1,717	107,731	3,934,038	(148,473)	(1,124,596)	2,770,417	57,812
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(22,582)					(22,409)	(22,409)	(173)
Common stock issued in merger	1,598,189		41,576	1,556,613			1,598,189
Common stock issued pursuant to stock based compensation	1,414		41	1,373			1,414
Amortization of stock options and restricted stock, net of forfeitures	624			624			624
Nonredeemable noncontrolling interests acquired in merger	5,187							5,187
Contributions from nonredeemable noncontrolling interests	1,660							1,660
Distributions to nonredeemable noncontrolling interests	(541)							(541)
Common dividends	(42,562)					(42,562)	(42,562)
Ending balance at Jun. 30, 2019	$ 4,369,618	$ 1,717	$ 149,348	$ 5,492,648	$ (148,473)	$ (1,189,567)	$ 4,305,673	$ 63,945

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Dividends per common share (in usd per share)	$ 0.29	$ 0.26	$ 0.58	$ 0.52

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 13,423	$ 38,155
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of investment properties	(14,415)	(4,945)
Depreciation and amortization	96,765	90,768
Amortization of deferred financing costs and premium/discount on notes payable	1,211	1,203
Stock-based compensation expense, net of forfeitures	2,594	2,264
Effect of non-cash adjustments to revenues	(23,289)	(17,691)
Income from unconsolidated joint ventures	(6,538)	(7,921)
Operating distributions from unconsolidated joint ventures	4,036	10,896
Loss on extinguishment of debt	0	85
Changes in other operating assets and liabilities:
Change in other receivables and other assets, net	(15,674)	(2,508)
Change in operating liabilities, net	19,678	(5,590)
Net cash provided by operating activities	77,791	104,716
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales	57,772	0
Property acquisition, development, and tenant asset expenditures	(168,700)	(99,767)
Investment in unconsolidated joint ventures	(12,249)	(30,423)
Distributions from unconsolidated joint ventures	0	2,032
Cash and restricted cash acquired in merger	85,978	0
Change in notes receivable and other assets	(47)	(1,954)
Other	0	(4,264)
Net cash used in investing activities	(37,246)	(134,376)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility	837,000	0
Repayment of credit facility	(773,000)	0
Repayment of notes payable	(684,445)	(4,344)
Issuance of unsecured senior notes	650,000	0
Payment of deferred financing costs	(2,861)	(6,081)
Contributions from nonredeemable noncontrolling interests	4,241	0
Distributions to nonredeemable noncontrolling interests	(1,265)	(873)
Common dividends paid	(57,817)	(52,518)
Other	(1,026)	(1,709)
Net cash used in financing activities	(29,173)	(65,525)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	11,372	(95,185)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	2,695	205,745
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$ 14,067	$ 110,560

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business Cousins Properties Incorporated (“Cousins”), a Georgia corporation, is a publicly traded (NYSE: CUZ), self-administered, and self-managed real estate investment trust (“REIT”). Cousins conducts substantially all of its operations through Cousins Properties LP ("CPLP"). Cousins owns approximately 99% of CPLP and consolidates CPLP. Cousins TRS Services LLC ("CTRS"), which is wholly owned by CPLP, is a taxable entity which owns and manages its own real estate portfolio and performs certain real estate related services for other parties. Cousins, CPLP, CTRS, and their subsidiaries are hereinafter referred to collectively as "the Company." The Company develops, acquires, leases, manages, and owns Class A office and mixed-use properties in Sun Belt markets with a focus on Georgia, Texas, North Carolina, Arizona, and Florida. Cousins has elected to be taxed as a REIT and intends to, among other things, distribute 100% 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. Basis of Presentation 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, 2019 and the results of operations for the three and six months ended June 30, 2019 and 2018 . The results of operations for the three and six months ended June 30, 2019 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, 2018 . The accounting policies employed are substantially the same as those shown in note 2 to the consolidated financial statements included therein. For the three and six months ended June 30, 2019 and 2018 , there were no items of other comprehensive income. Therefore, no presentation of comprehensive income is required. Additionally, certain subtotals within the condensed consolidated statements of operations for the three and six months ended June 30, 2018 were removed to conform to the current period presentation. On June 14, 2019, the Company restated and amended its articles of incorporation to effect a reverse stock split of the issued and outstanding shares of its common and preferred stock pursuant to which (1) each four shares of the Company's issued and outstanding common stock were combined into one share of the Company's common or preferred stock, respectively, and (2) the authorized number of the Company's common stock was proportionally reduced to 175 million shares. Fractional shares of common stock resulting from the reverse stock split were settled in cash. Fractional shares of preferred stock resulting from the reverse stock split were redeemed without payout. Immediately thereafter, the Company further amended its articles of incorporation to increase the number of authorized shares of its common stock from 175 million to 300 million shares. All shares of common stock, stock options, restricted stock units, and per share information presented in the consolidated financial statements have been adjusted to reflect the reverse stock split on a retroactive basis for all periods presented. The Company reclassified lease termination fees from other revenues to rental property revenues on the consolidated statements of operations as a result of the adoption of Accounting Standards Update ("ASU") 2016-02, "Leases," ("ASC 842"). The prior period amounts were reclassified to conform to the current period presentation. 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 Standard 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 the first quarter of 2019, the Company transferred the right to acquire a building to a special purpose entity to facilitate a potential Section 1031 exchange under the Internal Revenue Code of 1986, as amended, and the special purpose entity acquired the building. To realize the tax deferral available under Section 1031, the Company must complete the exchange and relinquish title to the to-be-exchanged building within 180 days of the purchase date. The Company has determined that this special purpose entity is a VIE, and the Company is the primary beneficiary. Therefore, the Company consolidates this entity. As of June 30, 2019 , this VIE had total assets of $92.3 million , no significant liabilities, and no significant cash flows. Recently Issued Accounting Standards On January 1, 2019, the Company adopted ASC 842, which amended the previous standard for lease accounting by requiring lessees to record most leases on their balance sheets and making targeted changes to lessor accounting and reporting. The new standard requires lessees to record a right-of-use asset and a lease liability for leases and classify such leases as either finance or operating leases based on the principle of whether the lease is effectively a financed purchase of the leased asset by the lessee. The classification of the leases determines whether the lease expense is recognized based on an effective interest method (finance leases) or on a straight-line basis over the term of the lease (operating leases). The new standard also revised the treatment of indirect leasing costs and permits the capitalization and amortization of direct leasing costs only. For the three and six months ended June 30, 2018 , the Company capitalized $796,000 and $2.0 million of indirect leasing costs, respectively. The Company adopted the following optional practical expedients provided in ASC 842: • no reassessment of any expired or existing contracts to determine if they contain a lease; • no requirement to write-off any unamortized, previously capitalized, initial direct costs for existing leases; • no recognition of right-of-use assets for leases with at term of one year or less; • no requirement to separately classify and disclose non-lease components of revenue in lease contracts from the related lease components provided certain conditions are met; and, • no requirement to reassess the classification of existing leases as finance leases versus operating leases. For those leases where the Company is lessee, specifically ground leases, the adoption of ASC 842 required the Company to record a right-of-use asset and a lease liability on the consolidated balance sheet. The Company recorded right-of-use assets and lease liabilities in the amount of $56.3 million upon the adoption of ASC 842. In calculating the right of use asset and lease liability the Company used a weighted average discount rate of 4.49% , which represented the Company's incremental borrowing rate related to the ground lease assets as of January 1, 2019. Ground leases executed before the adoption of ASC 842 are accounted for as operating leases and did not result in a materially different ground lease expense. However, most ground leases executed after the adoption of ASC 842 are expected to be accounted for as finance leases, which will result in ground lease expense being recorded using the effective interest method instead of the straight-line method over the term of the lease, resulting in higher ground lease expense in the earlier years of a ground lease when compared to the straight line method. The Company used the "modified retrospective" method upon adoption of ASC 842, which permitted application of the new standard on the adoption date as opposed to the earliest comparative period presented in its financial statements. For additional disclosures, see note 4 "Leases." On January 1, 2018, the Company adopted, ASU 2017-05, “Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets” (“ASU 2017-05"). As a result of the adoption of ASU 2017-05, the Company recorded a cumulative effect from change in accounting principle, which credited distributions in excess of cumulative net income by $22.3 million . This cumulative effect adjustment resulted from the 2013 transfer of a wholly-owned property to an entity in which it had a noncontrolling interest.

Merger With Tier REIT, Inc.

Merger With Tier REIT, Inc.	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
MERGER WITH TIER REIT, INC.	MERGER WITH TIER REIT, INC. On June 14, 2019, pursuant to the Agreement and Plan of Merger dated March 25, 2019 (the “Merger Agreement”), by and among the Company and TIER REIT, Inc. (“TIER”), TIER merged with and into a subsidiary of the Company (the “Merger”) with this subsidiary continuing as the surviving corporation of the Merger. In accordance with the terms and conditions of the Merger Agreement, each share of TIER common stock issued and outstanding immediately prior to the Merger, was converted into 2.98 newly issued shares of the Company’s common stock with fractional shares being settled in cash. In the Merger, former TIER common stockholders received approximately 166 million shares of common stock of the Company. As discussed in note 1 to the consolidated financial statements, immediately following the Merger, the Company completed a 1-for- 4 reverse stock split. The Merger has been accounted for as a business combination with the Company as the accounting acquirer, which requires, among other things, that the assets acquired and liabilities assumed be recognized at their acquisition date fair value. The total value of the transaction is based on the closing stock price of the Company's common stock on June 13, 2019, the day immediately prior to the closing of the Merger. Based on the shares issued in the transaction, the total fair value of the assets acquired and liabilities assumed in the Merger was $1.6 billion . During the three and six months ended June 30, 2019 , the Company incurred $49.8 million in expenses related to the Merger. Management engaged a third party valuation specialist to assist with valuing the real estate assets acquired and liabilities assumed in the Merger. The third party used cash flow analyses as well as an income approach and a cost approach to determine the fair value of real estate asset acquired. Based on additional information that may become available, subsequent adjustments may be made to the purchase price allocation within the allocation period, which typically does not exceed one year. The purchase price was allocated as follows (in thousands): Real estate assets $ 2,186,143 Real estate assets held for sale 29,193 Cash and cash equivalents 84,042 Restricted cash 1,936 Notes and other receivables 6,416 Investment in unconsolidated joint ventures 349 Intangible assets 146,943 Other assets 11,836 2,466,858 Notes payable 747,549 Accounts payable and accrued expenses 48,173 Deferred income 8,388 Intangible liabilities 51,403 Other liabilities 7,796 Nonredeemable noncontrolling interest 5,187 868,496 Total purchase price $ 1,598,362 The Merger accounted for $9.7 million of rental property revenue as reported in the condensed consolidated statements of operations for the six months ended June 30, 2019. The following unaudited supplemental pro forma information is based upon the Company's historical consolidated statements of operations, adjusted as if the Merger had occurred on January 1, 2018. The supplemental pro forma information is not necessarily indicative of future results, or of actual results, that would have been achieved had the Merger been consummated at the beginning of the period. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (unaudited, in thousands) Revenues $ 182,114 $ 172,894 $ 365,382 $ 346,442 Net income (loss) 63,386 14,696 87,813 (10,470 ) Net income (loss) available to common stockholders 62,503 14,466 86,643 (10,416 ) 2019 supplemental pro forma earnings were adjusted to exclude $49.8 million of transaction costs incurred in the second quarter of 2019. Supplemental pro forma earnings for the six months ended June 30, 2018 were adjusted to include this change.

Transactions with Norfolk South

Transactions with Norfolk Southern Railway Company	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
TRANSACTIONS WITH NORFOLK SOUTHERN RAILWAY COMPANY	TRANSACTIONS WITH NORFOLK SOUTHERN RAILWAY COMPANY On March 1, 2019, the Company entered into a series of agreements and executed related transactions with Norfolk Southern Railway Company (“NS”) as follows: • Sold land to NS for $52.5 million . • Executed a Development Agreement with NS whereby the Company will receive fees totaling $5 million in consideration for development services for NS’s corporate headquarters that is being constructed on the land sold to NS. • Executed a Consulting Agreement with NS whereby the Company will receive fees totaling $32 million in consideration for consulting services for NS’s corporate headquarters. The Development Agreement and Consulting Agreement are collectively referred to below as the “Fee Agreements.” • Purchased a building from NS (“1200 Peachtree”) for $82 million subject to a three -year market rate lease with NS that covers the entire building. The Company sold the land to NS for $5.0 million above its carrying amount, which included $37.0 million of land purchased in 2018, $6.5 million of land purchased in 2019, and $4.0 million of site preparation work. The Company purchased 1200 Peachtree from NS for an amount it determined to be $10.3 million below the building’s fair value. In accordance with ASC 606, the Company determined that all contracts and transactions associated with NS, with the exception of the aforementioned lease which will be accounted for in accordance with ASC 842, should be combined for accounting purposes given the fact that they were all executed simultaneously for the single commercial purpose of delivering and constructing a corporate headquarters for NS, and the contracts are interdependent and would not have been entered into separately. Further, the Company concluded that the Fee Agreements have a single performance obligation to provide services to NS for a new corporate headquarters as the services being provided to NS are highly interdependent. The transaction price for the Fee Agreements was determined to be comprised of both cash and non-cash consideration associated with this arrangement. The cash consideration represents the amounts to be received under the Fee Agreements as well as the excess of the sales price of the land over the fair value of the land. The non-cash consideration represents the $10.3 million excess of the fair value of 1200 Peachtree over the amount the Company paid. The gross transaction price for the Fee Agreements was $52.3 million . In accordance with ASC 606, the Company determined that control of the services to be provided under the Fee Agreements is being transferred over time and, thus, the Company must recognize the transaction price in revenue as it satisfies the performance obligation. The Company determined that the inputs method of measuring progress of satisfying the performance obligation was the most appropriate method of recognizing revenue for the Fee Agreements. Therefore, the Company began recognizing revenue in the quarter ended March 31, 2019, and will recognize future revenue under the Fee Agreements based upon the time spent by the Company’s employees in providing these services as compared to the total estimated time required to satisfy the performance obligation. During the three and six months ended June 30, 2019 , the Company recognized $5.0 million and $11.6 million , respectively, in fee income in its statements of operations related to the Fee Agreements. The following table summarizes the allocations of the estimated fair value of the assets and liabilities of the 1200 Peachtree discussed above (in thousands): Tangible assets: Land and improvements $ 19,495 Building 62,836 Tangible assets 82,331 Intangible assets: In-place leases 9,969 Intangible assets 9,969 Total assets acquired $ 92,300

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	LEASES At June 30, 2019 , the Company had five properties subject to operating ground leases with a weighted average remaining term of 72 years and two finance ground leases with a weighted average remaining term of five years . At June 30, 2019 , the Company had right-of-use assets of $69.8 million included in operating properties, projects under development, or land on the condensed consolidated balance sheets and a lease liability of $70.2 million included in other liabilities on the condensed consolidated balance sheets. The weighted average discount rate on these ground leases at June 30, 2019 was 4.60% . Rental payments on these ground leases are adjusted periodically based on either the Consumer Price Index, changes in developed square feet on the underlying leased asset, or on a pre-determined schedule. The monthly payments on a pre-determined schedule are recognized on a straight-line basis over the terms of the respective leases while payments resulting from changes in the Consumer Price Index or future development are not estimated as part of our measurement of straight-line rental expense. For the three and six months ended June 30, 2019 , the Company recognized operating ground lease expense of $845,000 and $1.7 million , respectively, of which no amounts represented variable lease expenses, and recognized interest expense related to finance ground leases of $115,000 and $231,000 , respectively. For the three and six months ended June 30, 2019 , the Company paid $567,000 and $960,000 , respectively, in cash related to operating ground leases and made no cash payments related to financing ground leases. At June 30, 2019 and December 31, 2018, respectively, the future minimum payments to be made by consolidated entities for ground leases are as follows (in thousands): June 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 1,636 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 203,214 3,838 $ 216,270 $ 11,648 Discount (156,300 ) (1,456 ) Lease liability $ 59,970 $ 10,192 December 31, 2018 Operating Ground Leases Finance Ground Leases 2019 $ 2,441 $ 462 2020 2,460 462 2021 2,497 6,562 2022 2,497 162 2023 2,497 162 Thereafter 202,603 3,838 $ 214,995 $ 11,648
LEASES	LEASES At June 30, 2019 , the Company had five properties subject to operating ground leases with a weighted average remaining term of 72 years and two finance ground leases with a weighted average remaining term of five years . At June 30, 2019 , the Company had right-of-use assets of $69.8 million included in operating properties, projects under development, or land on the condensed consolidated balance sheets and a lease liability of $70.2 million included in other liabilities on the condensed consolidated balance sheets. The weighted average discount rate on these ground leases at June 30, 2019 was 4.60% . Rental payments on these ground leases are adjusted periodically based on either the Consumer Price Index, changes in developed square feet on the underlying leased asset, or on a pre-determined schedule. The monthly payments on a pre-determined schedule are recognized on a straight-line basis over the terms of the respective leases while payments resulting from changes in the Consumer Price Index or future development are not estimated as part of our measurement of straight-line rental expense. For the three and six months ended June 30, 2019 , the Company recognized operating ground lease expense of $845,000 and $1.7 million , respectively, of which no amounts represented variable lease expenses, and recognized interest expense related to finance ground leases of $115,000 and $231,000 , respectively. For the three and six months ended June 30, 2019 , the Company paid $567,000 and $960,000 , respectively, in cash related to operating ground leases and made no cash payments related to financing ground leases. At June 30, 2019 and December 31, 2018, respectively, the future minimum payments to be made by consolidated entities for ground leases are as follows (in thousands): June 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 1,636 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 203,214 3,838 $ 216,270 $ 11,648 Discount (156,300 ) (1,456 ) Lease liability $ 59,970 $ 10,192 December 31, 2018 Operating Ground Leases Finance Ground Leases 2019 $ 2,441 $ 462 2020 2,460 462 2021 2,497 6,562 2022 2,497 162 2023 2,497 162 Thereafter 202,603 3,838 $ 214,995 $ 11,648

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Ventures	6 Months Ended
	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES	INVESTMENT IN UNCONSOLIDATED JOINT VENTURES The following information summarizes financial data and principal activities of the Company's unconsolidated joint ventures. The information included in the following table entitled summary of financial position is as of June 30, 2019 and December 31, 2018 (in thousands). The information included in the summary of operations table is for the six months ended June 30, 2019 and 2018 (in thousands): Total Assets Total Debt Total Equity Company’s Investment SUMMARY OF FINANCIAL POSITION: 2019 2018 2019 2018 2019 2018 2019 2018 Terminus Office Holdings LLC $ 261,023 $ 258,060 $ 196,451 $ 198,732 $ 54,358 $ 50,539 $ 50,183 $ 48,571 DC Charlotte Plaza LLLP 179,802 155,530 — — 91,780 88,922 48,660 46,554 Austin 300 Colorado Project, LP 76,136 51,180 1 — 54,951 41,298 29,576 22,335 Carolina Square Holdings LP 115,324 106,187 75,234 74,638 27,005 28,844 15,915 16,840 HICO Victory Center LP 15,220 15,069 — — 15,076 14,801 10,176 10,003 Charlotte Gateway Village, LLC 112,792 112,553 — — 108,714 109,666 7,749 8,225 AMCO 120 WT Holdings, LLC 58,557 36,680 — — 51,567 31,372 9,747 5,538 CL Realty, L.L.C. 4,166 4,169 — — 4,093 4,183 2,842 2,886 Temco Associates, LLC 1,526 1,482 — — 1,423 1,379 941 919 TR 208 Nueces Member, LLC 2,692 — — — 1,396 — 349 — EP II LLC 246 247 — — 164 165 29 30 EP I LLC 458 461 — — 293 296 2 6 Wildwood Associates 11,138 11,157 — — 11,058 11,108 (492 ) (1) (460 ) (1) Crawford Long - CPI, LLC 28,121 26,429 68,743 69,522 (42,337 ) (44,146 ) (20,208 ) (1) (21,071 ) (1) $ 867,201 $ 779,204 $ 340,429 $ 342,892 $ 379,541 $ 338,427 $ 155,469 $ 140,376 Total Revenues Net Income (Loss) Company's Share of Income (Loss) SUMMARY OF OPERATIONS: 2019 2018 2019 2018 2019 2018 Charlotte Gateway Village, LLC $ 13,611 $ 13,477 $ 5,049 $ 5,189 $ 2,524 $ 2,594 Terminus Office Holdings LLC 24,050 22,318 3,819 3,070 1,800 1,597 DC Charlotte Plaza LLLP 5,410 — 2,201 — 1,101 — Crawford Long - CPI, LLC 6,255 6,259 1,809 1,730 863 824 HICO Victory Center LP 235 202 235 202 137 106 Carolina Square Holdings LP 6,491 5,361 158 445 110 17 Austin 300 Colorado Project, LP 222 285 110 172 55 86 Temco Associates, LLC 64 80 36 36 22 21 AMCO 120 WT Holdings, LLC — — (32 ) (24 ) — — EP II LLC — — (1 ) (21 ) (1 ) (15 ) EP I LLC — 19 (3 ) (4 ) (4 ) (5 ) Wildwood Associates — — (50 ) (1,086 ) (25 ) 2,750 CL Realty, L.L.C. — — (75 ) (71 ) (44 ) (49 ) Other — — — (14 ) — (5 ) $ 56,338 $ 48,001 $ 13,256 $ 9,624 $ 6,538 $ 7,921 (1) Negative balances are included in deferred income on the balance sheets. Subsequent to quarter end, the Company entered into an agreement to purchase its partner's interest in Terminus Office Holdings LLC ("TOH") in a transaction that valued Terminus 100 and 200 at $503 million . The acquisition of the partner's interest in TOH is expected to close in the fourth quarter of 2019, and the Company will consolidate TOH and will record Terminus 100, Terminus 200, and the related notes payable at fair value. The Company expects to recognize a gain on this transaction.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Intangible assets on the balance sheets as of June 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 In-place leases, net of accumulated amortization of $141,773 and $125,130 in 2019 and 2018, respectively $ 229,100 $ 105,964 Above-market tenant leases, net of accumulated amortization of $22,378 and $19,502 in 2019 and 2018, respectively 34,711 20,453 Below-market ground lease, net of accumulated amortization of $759 and $621 in 2019 and 2018, respectively 17,654 17,792 Goodwill 1,674 1,674 $ 283,139 $ 145,883 The carrying amount of goodwill did not change during the six months ended June 30, 2019 and 2018 .

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets on the balance sheets as of June 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $27,009 and $25,193 in 2019 and 2018, respectively $ 19,124 $ 14,942 Predevelopment costs and earnest money 19,039 8,249 Prepaid expenses and other assets 8,679 5,087 Line of credit deferred financing costs, net of accumulated amortization of $2,200 and $1,451 in 2019 and 2018, respectively 5,268 5,844 Lease inducements, net of accumulated amortization of $1,903 and $1,545 in 2019 and 2018, respectively 8,551 4,961 $ 60,661 $ 39,083

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE The following table summarizes the terms of notes payable outstanding at June 30, 2019 and December 31, 2018 (in thousands): Description Interest Rate Maturity (1) 2019 2018 2019 Senior Notes, Unsecured 3.95% 2029 $ 275,000 $ — Term Loan, Unsecured 3.60% 2021 250,000 250,000 2017 Senior Notes, Unsecured 3.91% 2025 250,000 250,000 2019 Senior Notes, Unsecured 3.86% 2028 250,000 — Fifth Third Center 3.37% 2026 141,927 143,497 2019 Senior Notes, Unsecured 3.78% 2027 125,000 — Colorado Tower 3.45% 2026 118,266 119,427 2017 Senior Notes, Unsecured 4.09% 2027 100,000 100,000 Promenade 4.27% 2022 97,630 99,238 816 Congress 3.75% 2024 80,840 81,676 Legacy Union One 4.24% 2023 66,000 — Credit Facility, Unsecured 3.45% 2023 64,000 — Meridian Mark Plaza 6.00% 2020 23,255 23,524 $ 1,841,918 $ 1,067,362 Unamortized premium 2,515 — Unamortized loan costs (6,984 ) (4,792 ) Total Notes Payable $ 1,837,449 $ 1,062,570 (1) Weighted average maturity of notes payable outstanding at June 30, 2019 was 6.5 years . Credit Facility The Company has a $1 billion senior unsecured line of credit (the "Credit Facility") that matures on January 3, 2023. The Credit Facility contains financial covenants that require, among other things, the maintenance of an unencumbered interest coverage ratio of at least 1.75 ; a fixed charge coverage ratio of at least 1.50 ; a secured leverage ratio of no more than 40% ; and an overall leverage ratio of no more than 60% . The Credit Facility also contains customary representations and warranties and affirmative and negative covenants, as well as customary events of default. The amounts outstanding under the Credit Facility may be accelerated upon the occurrence of any events of default. The interest rate applicable to the Credit Facility varies according to the Company's leverage ratio, and may, at the election of the Company, be determined based on either (1) the current LIBOR plus a spread of between 1.05% and 1.45% , or (2) the greater of Bank of America's prime rate, the federal funds rate plus 0.50% , or the one-month LIBOR plus 1.0% (the "Base Rate"), plus a spread of between 0.10% or 0.45% , based on leverage. At June 30, 2019 , the Credit Facility's spread over LIBOR was 1.05% . The amount that the Company may draw under the Credit Facility is a defined calculation based on the Company's unencumbered assets and other factors. The total available borrowing capacity under the Credit Facility was $936.0 million at June 30, 2019 . Term Loan The Company has a $250 million unsecured term loan (the "Term Loan") that matures on December 2, 2021 . The Term Loan has financial covenants consistent with those of the Credit Facility. The interest rate applicable to the Term Loan varies according to the Company’s leverage ratio and may, at the election of the Company, be determined based on either (1) the current LIBOR plus a spread of between 1.20% and 1.70% , based on leverage or (2) the greater of Bank of America's prime rate, the federal funds rate plus 0.50% , or the one-month LIBOR plus 1.00% (the “Base Rate”), plus a spread of between 0.00% and 0.75% , based on leverage. At June 30, 2019 , the Term Loan's spread over LIBOR was 1.20% . Unsecured Senior Notes In June 2019, the Company closed a $650 million private placement of unsecured senior notes, which were issued in three tranches. The first tranche of $125 million has an 8 -year maturity and a fixed annual interest rate of 3.78% . The second tranche of $250 million has a 9 -year maturity and a fixed annual interest rate of 3.86% . The third tranche of $275 million has a 10 -year maturity and a fixed annual interest rate of 3.95% . The Company has two existing tranches of unsecured senior notes, totaling $350 million , that were funded in two tranches. The first tranche of $100 million is due in 2027 and has a fixed annual interest rate of 4.09% . The second tranche of $250 million is due in 2025 and has a fixed annual interest rate of 3.91% . The unsecured senior notes contain financial covenants that require, among other things, the maintenance of an unencumbered interest coverage ratio of at least 1.75 ; a fixed charge coverage ratio of at least 1.50 ; an overall leverage ratio of no more than 60% ; and a secured leverage ratio of no more than 40% . The senior notes also contain customary representations and warranties and affirmative and negative covenants, as well as customary events of default. Other Debt Information In the Merger, the Company assumed a mortgage loan with a principal balance of $66.0 million and a fixed annual interest rate of 4.24% that is due in 2023 . The Company recorded the mortgage loan at fair value of $68.5 million . At June 30, 2019 and December 31, 2018 , the estimated fair value of the Company’s notes payable were $1.9 billion and $1.1 billion , respectively, calculated by discounting the debt's remaining contractual cash flows at estimated rates at which similar loans could have been obtained at June 30, 2019 and December 31, 2018 . 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 as the Company utilizes market rates for similar type loans from third party brokers. For the three and six months ended June 30, 2019 and 2018 , interest was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Total interest incurred $ 13,175 $ 11,103 $ 25,010 $ 21,977 Interest capitalized (1,116 ) (1,389 ) (2,131 ) (2,485 ) Total interest expense $ 12,059 $ 9,714 $ 22,879 $ 19,492

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments At June 30, 2019 , the Company had outstanding performance bonds totaling $590,000 . As a lessor, the Company had $245.7 million in future obligations under leases to fund tenant improvements and other future construction obligations at June 30, 2019 . As a lessee, the Company had future obligations for operating leases other than ground leases of $403,000 at June 30, 2019 . 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, 2019
Share-based Payment Arrangement [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 the notes to consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . 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 $1.1 million and $3.4 million for the three months ended June 30, 2019 and 2018 , respectively, and $6.6 million and $6.0 million for the six months ended June 30, 2019 and 2018 , respectively. On April 23, 2019, the Company's stockholders approved the Cousins Properties Incorporated 2019 Omnibus Incentive Stock Plan (the "2019 Plan"). The Company also maintains the Cousins Properties Incorporated 2009 Incentive Stock Plan (the "2009 Plan") and the Cousins Properties Incorporated 2005 Restricted Stock Unit Plan (the “RSU Plan”) although no further issuances are permitted under the 2009 plan or RSU Plan after April 23, 2019. Under the 2009 Plan, during the quarter ended March 31, 2019, the Company made restricted stock grants of 65,822 shares to key employees, which vest ratably over a three -year period. Under the RSU Plan, during the quarter ended March 31, 2019, the Company awarded two types of performance-based 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 (“TSR 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, 2019 to December 31, 2021, and the targeted units awarded of TSR RSUs and FFO RSUs was 65,247 and 27,963 , 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. These RSU awards cliff vest on December 31, 2021 and are to be settled in cash with payment dependent on attainment of required service, market, and performance criteria. The number of RSUs vesting will be determined by the Compensation Committee, 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, 2021. The Company expenses an estimate of the fair value of the TSR RSUs over the performance period using a quarterly Monte Carlo valuation. 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. Dividend equivalents on the TSR RSUs and the FFO RSUs will also be paid based upon the percentage vested. The Company expects to make all future grants of restricted stock and restricted stock units under the 2019 Plan. Under the 2019 Plan, during the quarter ended June 30, 2019, the Company issued 37,166 shares of common stock to members of its board of directors in lieu of fees and recorded $1.4 million

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The Company categorizes its primary sources of revenue into revenue from contracts with customers and other revenue accounted for as leases under ASC 842 as follows: • Rental property revenue consists of (1) contractual revenues from leases recognized on a straight-line basis over the term of the respective lease; (2) percentage rents recognized once a specified sales target is achieved; (3) parking revenue; (4) termination fees; and (5) the reimbursement of the tenants' share of real estate taxes, insurance, and other operating expenses. The Company's leases typically include renewal options and are classified and accounted for as operating leases. Rental property revenue is accounted for in accordance with the guidance set forth in ASC 842. • Fee income consists of development fees, management fees, and leasing fees earned from unconsolidated joint ventures and from third parties. Fee income is accounted for in accordance with the guidance set forth in ASC 606. For the three and six months ended June 30, 2019 , the Company recognized rental property revenue of $134.9 million and $258.8 million , respectively, of which $35.8 million and $68.9 million , respectively, represented variable rental revenue. For the three and six months ended June 30, 2018 , the Company recognized rental property revenue of $114.3 million and $228.0 million , respectively. For the three and six months ended June 30, 2019 , the Company recognized fee and other revenue of $7.1 million and $16.0 million , respectively. For the three and six months ended June 30, 2018 , the Company recognized fee and other revenue of $2.3 million and $5.8 million , respectively. The following tables set forth the future minimum rents to be received by consolidated entities under existing non-cancellable leases as of June 30, 2019 and December 31, 2018, respectively (in thousands): June 30, 2019 2019 $ 268,869 2020 540,982 2021 507,607 2022 454,993 2023 414,041 Thereafter 1,772,076 $ 3,958,568 December 31, 2018 2019 $ 328,607 2020 330,477 2021 314,410 2022 280,959 2023 256,233 Thereafter 1,115,490 $ 2,626,176

Sale of Air Rights

Sale of Air Rights	6 Months Ended
	Jun. 30, 2019
Real Estate [Abstract]
SALE OF AIR RIGHTS	SALE OF AIR RIGHTS On February 26, 2019 , the Company sold air rights that cover eight acres within Downtown Atlanta for a gross sales price of $13.25 million and recorded a gain of $13.1 million .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2019 and 2018 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Earnings per Common Share - basic: Numerator: Net income (loss) $ (22,582 ) $ 21,749 $ 13,423 $ 38,155 Net loss (income) attributable to noncontrolling interests in CPLP from continuing operations 265 (410 ) (323 ) (697 ) Net income attributable to other noncontrolling interests (92 ) (63 ) (168 ) (139 ) Net income (loss) available to common stockholders $ (22,409 ) $ 21,276 $ 12,932 $ 37,319 Denominator: Weighted average common shares - basic 112,926 105,073 109,049 105,056 Net income (loss) per common share - basic $ (0.20 ) $ 0.20 $ 0.12 $ 0.36 Earnings per common share - diluted: Numerator: Net income (loss) $ (22,582 ) $ 21,749 $ 13,423 $ 38,155 Net income attributable to other noncontrolling interests (92 ) (63 ) (168 ) (139 ) Net income (loss) available for common stockholders before net income attributable to noncontrolling interests in CPLP $ (22,674 ) $ 21,686 $ 13,255 $ 38,016 Denominator: Weighted average common shares - basic 112,926 105,073 109,049 105,056 Add: Potential dilutive common shares - stock options — 58 29 61 Weighted average units of CPLP convertible into common shares 1,744 1,744 1,744 1,744 Weighted average common shares - diluted 114,670 106,875 110,822 106,861 Net income (loss) per common share - diluted $ (0.20 ) $ 0.20 $ 0.12 $ 0.36 Anti-dilutive stock options outstanding 27 — — 3 For the three months ended June 30, 2019, anti-dilutive stock represent stock options whose exercise price does not exceed the average market value of the Company's stock and are not included in the calculation of dilutive weighted average shares due to the net loss during the period. For the six months ended June 30, 2018, anti-dilutive stock represents stock options whose exercise price exceeds 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.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - Supplemental Information	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION	CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION Supplemental information related to the cash flows, including significant non-cash activity affecting the consolidated statement of cash flows, for the six months ended June 30, 2019 and 2018 is as follows (in thousands): 2019 2018 Interest paid, net of amounts capitalized $ 22,130 $ 19,283 Non-Cash Transactions: Non-cash assets and liabilities assumed in TIER transaction 1,512,384 — Ground lease right-of-use assets and associated liabilities 56,294 — Common stock dividends declared and accrued 42,563 27,326 Change in accrued property, acquisition, development, and tenant expenditures 8,973 24,121 Non-cash consideration for property acquisition 10,071 — Transfers from projects under development to operating properties — 212,628 Cumulative effect of change in accounting principle — 22,329 Transfer from investment in unconsolidated joint venture to projects under development — 7,025 The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the balance sheets to cash, cash equivalents, and restricted cash in the statements of cash flows (in thousands): June 30, 2019 December 31, 2018 Cash and cash equivalents $ 11,885 $ 2,547 Restricted cash 2,182 148 Total cash, cash equivalents, and restricted cash $ 14,067 $ 2,695

Reportable Segments

Reportable Segments	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS The Company's segments are based on its method of internal reporting, which classifies operations by property type and geographical area. The segments by property type are: Office and Mixed-Use. The segments by geographical region are: Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, 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 property and the geographical location. Each segment includes both consolidated operations and the Company's share of unconsolidated joint venture operations. Company management evaluates the performance of its reportable segments in part based on net operating income (“NOI”). NOI represents rental property revenues, less termination fees, less rental property operating expenses. NOI is not a measure of cash flows or operating results as measured by GAAP, is not indicative of cash available to fund cash needs, and should not be considered an alternative to cash flows as a measure of liquidity. All companies may not calculate NOI in the same manner. The Company considers NOI to be an appropriate supplemental measure to net income as it helps both management and investors understand the core operations of the Company's operating assets. NOI excludes corporate general and administrative expenses, interest expense, depreciation and amortization, impairments, gains/loss on sales of real estate, and other non-operating items. Segment net income, amount of capital expenditures, and total assets are not presented in the following tables because management does not utilize these measures when analyzing its segments or when making resource allocation decisions. Information on the Company's segments along with a reconciliation of NOI to net income for the three and six months ended June 30, 2019 and 2018 are as follows (in thousands): Three Months Ended June 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 39,368 $ — $ 39,368 Austin 18,577 — 18,577 Charlotte 18,050 — 18,050 Dallas 669 — 669 Phoenix 9,290 — 9,290 Tampa 8,573 — 8,573 Other 2,182 708 2,890 Total Net Operating Income $ 96,709 $ 708 $ 97,417 Three Months Ended June 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 32,178 $ — $ 32,178 Austin 15,431 — 15,431 Charlotte 15,088 — 15,088 Phoenix 8,880 — 8,880 Tampa 7,642 — 7,642 Other 433 543 976 Total Net Operating Income $ 79,652 $ 543 $ 80,195 Six Months Ended June 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 76,766 $ — $ 76,766 Austin 34,525 — 34,525 Charlotte 33,859 — 33,859 Dallas 670 — 670 Phoenix 18,781 — 18,781 Tampa 16,560 — 16,560 Other 2,411 1,576 3,987 Total Net Operating Income $ 183,572 $ 1,576 $ 185,148 Six Months Ended June 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 64,343 $ — $ 64,343 Austin 31,273 — 31,273 Charlotte 30,029 — 30,029 Phoenix 17,854 — 17,854 Tampa 15,370 — 15,370 Other 873 1,031 1,904 Total Net Operating Income $ 159,742 $ 1,031 $ 160,773 The following reconciles Net Operating Income to Net Income for each of the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net Operating Income $ 97,417 $ 80,195 $ 185,148 $ 160,773 Net operating income from unconsolidated joint ventures (9,379 ) (7,228 ) (17,252 ) (14,649 ) Fee income 7,076 1,798 15,804 4,692 Termination fee income 190 639 710 999 Other income 11 493 151 1,093 Reimbursed expenses (1,047 ) (860 ) (1,979 ) (1,802 ) General and administrative expenses (8,374 ) (8,071 ) (19,834 ) (14,880 ) Interest expense (12,059 ) (9,714 ) (22,879 ) (19,492 ) Depreciation and amortization (50,904 ) (45,675 ) (96,765 ) (90,768 ) Acquisition and transaction costs (49,827 ) (137 ) (49,830 ) (228 ) Other expenses (624 ) (44 ) (804 ) (364 ) Income from unconsolidated joint ventures 3,634 5,036 6,538 7,921 Gain on sale of investment properties 1,304 5,317 14,415 4,945 Loss on extinguishment of debt — — — (85 ) Net Income (Loss) $ (22,582 ) $ 21,749 $ 13,423 $ 38,155 Revenues by reportable segment, including a reconciliation to total rental property revenues on the condensed consolidated statements of operations, for three and six months ended June 30, 2019 and 2018 are as follows (in thousands): Three Months Ended June 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 59,499 $ — $ 59,499 Austin 31,815 — 31,815 Charlotte 27,110 — 27,110 Dallas 804 — 804 Phoenix 12,805 — 12,805 Tampa 13,471 — 13,471 Other 3,581 1,093 4,674 Total segment revenues 149,085 1,093 150,178 Less Company's share of rental property revenues from unconsolidated joint ventures (14,152 ) (1,093 ) (15,245 ) Total rental property revenues $ 134,933 $ — $ 134,933 Three Months Ended June 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 50,521 $ — $ 50,521 Austin 26,407 — 26,407 Charlotte 23,053 — 23,053 Tampa 12,251 — 12,251 Phoenix 12,710 — 12,710 Other 549 834 1,383 Total segment revenues 125,491 834 126,325 Less Company's share of rental property revenues from unconsolidated joint ventures (11,154 ) (834 ) (11,988 ) Total rental property revenues $ 114,337 $ — $ 114,337 Six Months Ended June 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 116,969 $ — $ 116,969 Austin 59,907 — 59,907 Charlotte 50,496 — 50,496 Dallas 804 — 804 Phoenix 25,808 — 25,808 Tampa 26,441 — 26,441 Other 4,126 2,277 6,403 Total segment revenues 284,551 2,277 286,828 Less Company's share of rental property revenues from unconsolidated joint ventures (25,753 ) (2,277 ) (28,030 ) Total rental property revenues $ 258,798 $ — $ 258,798 Six Months Ended June 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 100,229 $ — $ 100,229 Austin 53,167 — 53,167 Charlotte 46,040 — 46,040 Tampa 24,796 — 24,796 Phoenix 24,822 — 24,822 Other 1,078 1,624 2,702 Total segment revenues 250,132 1,624 251,756 Less Company's share of rental property revenues from unconsolidated joint ventures (22,087 ) (1,624 ) (23,711 ) Total rental property revenues $ 228,045 $ — $ 228,045

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation
Recently Issued Accounting Standards	Recently Issued Accounting Standards On January 1, 2019, the Company adopted ASC 842, which amended the previous standard for lease accounting by requiring lessees to record most leases on their balance sheets and making targeted changes to lessor accounting and reporting. The new standard requires lessees to record a right-of-use asset and a lease liability for leases and classify such leases as either finance or operating leases based on the principle of whether the lease is effectively a financed purchase of the leased asset by the lessee. The classification of the leases determines whether the lease expense is recognized based on an effective interest method (finance leases) or on a straight-line basis over the term of the lease (operating leases). The new standard also revised the treatment of indirect leasing costs and permits the capitalization and amortization of direct leasing costs only. For the three and six months ended June 30, 2018 , the Company capitalized $796,000 and $2.0 million of indirect leasing costs, respectively. The Company adopted the following optional practical expedients provided in ASC 842: • no reassessment of any expired or existing contracts to determine if they contain a lease; • no requirement to write-off any unamortized, previously capitalized, initial direct costs for existing leases; • no recognition of right-of-use assets for leases with at term of one year or less; • no requirement to separately classify and disclose non-lease components of revenue in lease contracts from the related lease components provided certain conditions are met; and, • no requirement to reassess the classification of existing leases as finance leases versus operating leases. For those leases where the Company is lessee, specifically ground leases, the adoption of ASC 842 required the Company to record a right-of-use asset and a lease liability on the consolidated balance sheet. The Company recorded right-of-use assets and lease liabilities in the amount of $56.3 million upon the adoption of ASC 842. In calculating the right of use asset and lease liability the Company used a weighted average discount rate of 4.49% , which represented the Company's incremental borrowing rate related to the ground lease assets as of January 1, 2019. Ground leases executed before the adoption of ASC 842 are accounted for as operating leases and did not result in a materially different ground lease expense. However, most ground leases executed after the adoption of ASC 842 are expected to be accounted for as finance leases, which will result in ground lease expense being recorded using the effective interest method instead of the straight-line method over the term of the lease, resulting in higher ground lease expense in the earlier years of a ground lease when compared to the straight line method. The Company used the "modified retrospective" method upon adoption of ASC 842, which permitted application of the new standard on the adoption date as opposed to the earliest comparative period presented in its financial statements. For additional disclosures, see note 4 "Leases." On January 1, 2018, the Company adopted, ASU 2017-05, “Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets” (“ASU 2017-05"). As a result of the adoption of ASU 2017-05, the Company recorded a cumulative effect from change in accounting principle, which credited distributions in excess of cumulative net income by $22.3 million . This cumulative effect adjustment resulted from the 2013 transfer of a wholly-owned property to an entity in which it had a noncontrolling interest.

Merger With Tier REIT, Inc. (Ta

Merger With Tier REIT, Inc. (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of purchase price allocation	The purchase price was allocated as follows (in thousands): Real estate assets $ 2,186,143 Real estate assets held for sale 29,193 Cash and cash equivalents 84,042 Restricted cash 1,936 Notes and other receivables 6,416 Investment in unconsolidated joint ventures 349 Intangible assets 146,943 Other assets 11,836 2,466,858 Notes payable 747,549 Accounts payable and accrued expenses 48,173 Deferred income 8,388 Intangible liabilities 51,403 Other liabilities 7,796 Nonredeemable noncontrolling interest 5,187 868,496 Total purchase price $ 1,598,362 The following table summarizes the allocations of the estimated fair value of the assets and liabilities of the 1200 Peachtree discussed above (in thousands): Tangible assets: Land and improvements $ 19,495 Building 62,836 Tangible assets 82,331 Intangible assets: In-place leases 9,969 Intangible assets 9,969 Total assets acquired $ 92,300
Supplemental pro forma information	The following unaudited supplemental pro forma information is based upon the Company's historical consolidated statements of operations, adjusted as if the Merger had occurred on January 1, 2018. The supplemental pro forma information is not necessarily indicative of future results, or of actual results, that would have been achieved had the Merger been consummated at the beginning of the period. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (unaudited, in thousands) Revenues $ 182,114 $ 172,894 $ 365,382 $ 346,442 Net income (loss) 63,386 14,696 87,813 (10,470 ) Net income (loss) available to common stockholders 62,503 14,466 86,643 (10,416 )

Transactions with Norfolk Sou_2

Transactions with Norfolk Southern Railway Company (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Summary of allocations of estimated fair falues of assets and liabilities	The purchase price was allocated as follows (in thousands): Real estate assets $ 2,186,143 Real estate assets held for sale 29,193 Cash and cash equivalents 84,042 Restricted cash 1,936 Notes and other receivables 6,416 Investment in unconsolidated joint ventures 349 Intangible assets 146,943 Other assets 11,836 2,466,858 Notes payable 747,549 Accounts payable and accrued expenses 48,173 Deferred income 8,388 Intangible liabilities 51,403 Other liabilities 7,796 Nonredeemable noncontrolling interest 5,187 868,496 Total purchase price $ 1,598,362 The following table summarizes the allocations of the estimated fair value of the assets and liabilities of the 1200 Peachtree discussed above (in thousands): Tangible assets: Land and improvements $ 19,495 Building 62,836 Tangible assets 82,331 Intangible assets: In-place leases 9,969 Intangible assets 9,969 Total assets acquired $ 92,300

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Future Minimum Payments on Operating Ground Leases	At June 30, 2019 and December 31, 2018, respectively, the future minimum payments to be made by consolidated entities for ground leases are as follows (in thousands): June 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 1,636 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 203,214 3,838 $ 216,270 $ 11,648 Discount (156,300 ) (1,456 ) Lease liability $ 59,970 $ 10,192 December 31, 2018 Operating Ground Leases Finance Ground Leases 2019 $ 2,441 $ 462 2020 2,460 462 2021 2,497 6,562 2022 2,497 162 2023 2,497 162 Thereafter 202,603 3,838 $ 214,995 $ 11,648
Schedule of Future Minimum Payments on Finance Ground Leases	At June 30, 2019 and December 31, 2018, respectively, the future minimum payments to be made by consolidated entities for ground leases are as follows (in thousands): June 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 1,636 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 203,214 3,838 $ 216,270 $ 11,648 Discount (156,300 ) (1,456 ) Lease liability $ 59,970 $ 10,192 December 31, 2018 Operating Ground Leases Finance Ground Leases 2019 $ 2,441 $ 462 2020 2,460 462 2021 2,497 6,562 2022 2,497 162 2023 2,497 162 Thereafter 202,603 3,838 $ 214,995 $ 11,648

Investment in Unconsolidated _2

Investment in Unconsolidated Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Summary of financial data and principal activities of unconsolidated joint ventures	The following information summarizes financial data and principal activities of the Company's unconsolidated joint ventures. The information included in the following table entitled summary of financial position is as of June 30, 2019 and December 31, 2018 (in thousands). The information included in the summary of operations table is for the six months ended June 30, 2019 and 2018 (in thousands): Total Assets Total Debt Total Equity Company’s Investment SUMMARY OF FINANCIAL POSITION: 2019 2018 2019 2018 2019 2018 2019 2018 Terminus Office Holdings LLC $ 261,023 $ 258,060 $ 196,451 $ 198,732 $ 54,358 $ 50,539 $ 50,183 $ 48,571 DC Charlotte Plaza LLLP 179,802 155,530 — — 91,780 88,922 48,660 46,554 Austin 300 Colorado Project, LP 76,136 51,180 1 — 54,951 41,298 29,576 22,335 Carolina Square Holdings LP 115,324 106,187 75,234 74,638 27,005 28,844 15,915 16,840 HICO Victory Center LP 15,220 15,069 — — 15,076 14,801 10,176 10,003 Charlotte Gateway Village, LLC 112,792 112,553 — — 108,714 109,666 7,749 8,225 AMCO 120 WT Holdings, LLC 58,557 36,680 — — 51,567 31,372 9,747 5,538 CL Realty, L.L.C. 4,166 4,169 — — 4,093 4,183 2,842 2,886 Temco Associates, LLC 1,526 1,482 — — 1,423 1,379 941 919 TR 208 Nueces Member, LLC 2,692 — — — 1,396 — 349 — EP II LLC 246 247 — — 164 165 29 30 EP I LLC 458 461 — — 293 296 2 6 Wildwood Associates 11,138 11,157 — — 11,058 11,108 (492 ) (1) (460 ) (1) Crawford Long - CPI, LLC 28,121 26,429 68,743 69,522 (42,337 ) (44,146 ) (20,208 ) (1) (21,071 ) (1) $ 867,201 $ 779,204 $ 340,429 $ 342,892 $ 379,541 $ 338,427 $ 155,469 $ 140,376 Total Revenues Net Income (Loss) Company's Share of Income (Loss) SUMMARY OF OPERATIONS: 2019 2018 2019 2018 2019 2018 Charlotte Gateway Village, LLC $ 13,611 $ 13,477 $ 5,049 $ 5,189 $ 2,524 $ 2,594 Terminus Office Holdings LLC 24,050 22,318 3,819 3,070 1,800 1,597 DC Charlotte Plaza LLLP 5,410 — 2,201 — 1,101 — Crawford Long - CPI, LLC 6,255 6,259 1,809 1,730 863 824 HICO Victory Center LP 235 202 235 202 137 106 Carolina Square Holdings LP 6,491 5,361 158 445 110 17 Austin 300 Colorado Project, LP 222 285 110 172 55 86 Temco Associates, LLC 64 80 36 36 22 21 AMCO 120 WT Holdings, LLC — — (32 ) (24 ) — — EP II LLC — — (1 ) (21 ) (1 ) (15 ) EP I LLC — 19 (3 ) (4 ) (4 ) (5 ) Wildwood Associates — — (50 ) (1,086 ) (25 ) 2,750 CL Realty, L.L.C. — — (75 ) (71 ) (44 ) (49 ) Other — — — (14 ) — (5 ) $ 56,338 $ 48,001 $ 13,256 $ 9,624 $ 6,538 $ 7,921 (1) Negative balances are included in deferred income on the balance sheets.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets on the balance sheets as of June 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 In-place leases, net of accumulated amortization of $141,773 and $125,130 in 2019 and 2018, respectively $ 229,100 $ 105,964 Above-market tenant leases, net of accumulated amortization of $22,378 and $19,502 in 2019 and 2018, respectively 34,711 20,453 Below-market ground lease, net of accumulated amortization of $759 and $621 in 2019 and 2018, respectively 17,654 17,792 Goodwill 1,674 1,674 $ 283,139 $ 145,883

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	Other assets on the balance sheets as of June 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $27,009 and $25,193 in 2019 and 2018, respectively $ 19,124 $ 14,942 Predevelopment costs and earnest money 19,039 8,249 Prepaid expenses and other assets 8,679 5,087 Line of credit deferred financing costs, net of accumulated amortization of $2,200 and $1,451 in 2019 and 2018, respectively 5,268 5,844 Lease inducements, net of accumulated amortization of $1,903 and $1,545 in 2019 and 2018, respectively 8,551 4,961 $ 60,661 $ 39,083

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Summary of terms of notes payable	The following table summarizes the terms of notes payable outstanding at June 30, 2019 and December 31, 2018 (in thousands): Description Interest Rate Maturity (1) 2019 2018 2019 Senior Notes, Unsecured 3.95% 2029 $ 275,000 $ — Term Loan, Unsecured 3.60% 2021 250,000 250,000 2017 Senior Notes, Unsecured 3.91% 2025 250,000 250,000 2019 Senior Notes, Unsecured 3.86% 2028 250,000 — Fifth Third Center 3.37% 2026 141,927 143,497 2019 Senior Notes, Unsecured 3.78% 2027 125,000 — Colorado Tower 3.45% 2026 118,266 119,427 2017 Senior Notes, Unsecured 4.09% 2027 100,000 100,000 Promenade 4.27% 2022 97,630 99,238 816 Congress 3.75% 2024 80,840 81,676 Legacy Union One 4.24% 2023 66,000 — Credit Facility, Unsecured 3.45% 2023 64,000 — Meridian Mark Plaza 6.00% 2020 23,255 23,524 $ 1,841,918 $ 1,067,362 Unamortized premium 2,515 — Unamortized loan costs (6,984 ) (4,792 ) Total Notes Payable $ 1,837,449 $ 1,062,570 (1) Weighted average maturity of notes payable outstanding at June 30, 2019 was 6.5 years .
Summary of interest recorded	For the three and six months ended June 30, 2019 and 2018 , interest was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Total interest incurred $ 13,175 $ 11,103 $ 25,010 $ 21,977 Interest capitalized (1,116 ) (1,389 ) (2,131 ) (2,485 ) Total interest expense $ 12,059 $ 9,714 $ 22,879 $ 19,492

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Future Minimum Rents to be Received	The following tables set forth the future minimum rents to be received by consolidated entities under existing non-cancellable leases as of June 30, 2019 and December 31, 2018, respectively (in thousands): June 30, 2019 2019 $ 268,869 2020 540,982 2021 507,607 2022 454,993 2023 414,041 Thereafter 1,772,076 $ 3,958,568 December 31, 2018 2019 $ 328,607 2020 330,477 2021 314,410 2022 280,959 2023 256,233 Thereafter 1,115,490 $ 2,626,176

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2019 and 2018 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Earnings per Common Share - basic: Numerator: Net income (loss) $ (22,582 ) $ 21,749 $ 13,423 $ 38,155 Net loss (income) attributable to noncontrolling interests in CPLP from continuing operations 265 (410 ) (323 ) (697 ) Net income attributable to other noncontrolling interests (92 ) (63 ) (168 ) (139 ) Net income (loss) available to common stockholders $ (22,409 ) $ 21,276 $ 12,932 $ 37,319 Denominator: Weighted average common shares - basic 112,926 105,073 109,049 105,056 Net income (loss) per common share - basic $ (0.20 ) $ 0.20 $ 0.12 $ 0.36 Earnings per common share - diluted: Numerator: Net income (loss) $ (22,582 ) $ 21,749 $ 13,423 $ 38,155 Net income attributable to other noncontrolling interests (92 ) (63 ) (168 ) (139 ) Net income (loss) available for common stockholders before net income attributable to noncontrolling interests in CPLP $ (22,674 ) $ 21,686 $ 13,255 $ 38,016 Denominator: Weighted average common shares - basic 112,926 105,073 109,049 105,056 Add: Potential dilutive common shares - stock options — 58 29 61 Weighted average units of CPLP convertible into common shares 1,744 1,744 1,744 1,744 Weighted average common shares - diluted 114,670 106,875 110,822 106,861 Net income (loss) per common share - diluted $ (0.20 ) $ 0.20 $ 0.12 $ 0.36 Anti-dilutive stock options outstanding 27 — — 3

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - Supplemental Information (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental information related to cash flows	Supplemental information related to the cash flows, including significant non-cash activity affecting the consolidated statement of cash flows, for the six months ended June 30, 2019 and 2018 is as follows (in thousands): 2019 2018 Interest paid, net of amounts capitalized $ 22,130 $ 19,283 Non-Cash Transactions: Non-cash assets and liabilities assumed in TIER transaction 1,512,384 — Ground lease right-of-use assets and associated liabilities 56,294 — Common stock dividends declared and accrued 42,563 27,326 Change in accrued property, acquisition, development, and tenant expenditures 8,973 24,121 Non-cash consideration for property acquisition 10,071 — Transfers from projects under development to operating properties — 212,628 Cumulative effect of change in accounting principle — 22,329 Transfer from investment in unconsolidated joint venture to projects under development — 7,025
Reconciliation of cash, cash equivalents, and restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the balance sheets to cash, cash equivalents, and restricted cash in the statements of cash flows (in thousands): June 30, 2019 December 31, 2018 Cash and cash equivalents $ 11,885 $ 2,547 Restricted cash 2,182 148 Total cash, cash equivalents, and restricted cash $ 14,067 $ 2,695
Reconciliation of cash, cash equivalents, and restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the balance sheets to cash, cash equivalents, and restricted cash in the statements of cash flows (in thousands): June 30, 2019 December 31, 2018 Cash and cash equivalents $ 11,885 $ 2,547 Restricted cash 2,182 148 Total cash, cash equivalents, and restricted cash $ 14,067 $ 2,695

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Reconciliation of NOI to net income available to common stockholders	Information on the Company's segments along with a reconciliation of NOI to net income for the three and six months ended June 30, 2019 and 2018 are as follows (in thousands): Three Months Ended June 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 39,368 $ — $ 39,368 Austin 18,577 — 18,577 Charlotte 18,050 — 18,050 Dallas 669 — 669 Phoenix 9,290 — 9,290 Tampa 8,573 — 8,573 Other 2,182 708 2,890 Total Net Operating Income $ 96,709 $ 708 $ 97,417 Three Months Ended June 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 32,178 $ — $ 32,178 Austin 15,431 — 15,431 Charlotte 15,088 — 15,088 Phoenix 8,880 — 8,880 Tampa 7,642 — 7,642 Other 433 543 976 Total Net Operating Income $ 79,652 $ 543 $ 80,195 Six Months Ended June 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 76,766 $ — $ 76,766 Austin 34,525 — 34,525 Charlotte 33,859 — 33,859 Dallas 670 — 670 Phoenix 18,781 — 18,781 Tampa 16,560 — 16,560 Other 2,411 1,576 3,987 Total Net Operating Income $ 183,572 $ 1,576 $ 185,148 Six Months Ended June 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 64,343 $ — $ 64,343 Austin 31,273 — 31,273 Charlotte 30,029 — 30,029 Phoenix 17,854 — 17,854 Tampa 15,370 — 15,370 Other 873 1,031 1,904 Total Net Operating Income $ 159,742 $ 1,031 $ 160,773 The following reconciles Net Operating Income to Net Income for each of the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net Operating Income $ 97,417 $ 80,195 $ 185,148 $ 160,773 Net operating income from unconsolidated joint ventures (9,379 ) (7,228 ) (17,252 ) (14,649 ) Fee income 7,076 1,798 15,804 4,692 Termination fee income 190 639 710 999 Other income 11 493 151 1,093 Reimbursed expenses (1,047 ) (860 ) (1,979 ) (1,802 ) General and administrative expenses (8,374 ) (8,071 ) (19,834 ) (14,880 ) Interest expense (12,059 ) (9,714 ) (22,879 ) (19,492 ) Depreciation and amortization (50,904 ) (45,675 ) (96,765 ) (90,768 ) Acquisition and transaction costs (49,827 ) (137 ) (49,830 ) (228 ) Other expenses (624 ) (44 ) (804 ) (364 ) Income from unconsolidated joint ventures 3,634 5,036 6,538 7,921 Gain on sale of investment properties 1,304 5,317 14,415 4,945 Loss on extinguishment of debt — — — (85 ) Net Income (Loss) $ (22,582 ) $ 21,749 $ 13,423 $ 38,155
Reconciliation of revenue from segments to consolidated	Revenues by reportable segment, including a reconciliation to total rental property revenues on the condensed consolidated statements of operations, for three and six months ended June 30, 2019 and 2018 are as follows (in thousands): Three Months Ended June 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 59,499 $ — $ 59,499 Austin 31,815 — 31,815 Charlotte 27,110 — 27,110 Dallas 804 — 804 Phoenix 12,805 — 12,805 Tampa 13,471 — 13,471 Other 3,581 1,093 4,674 Total segment revenues 149,085 1,093 150,178 Less Company's share of rental property revenues from unconsolidated joint ventures (14,152 ) (1,093 ) (15,245 ) Total rental property revenues $ 134,933 $ — $ 134,933 Three Months Ended June 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 50,521 $ — $ 50,521 Austin 26,407 — 26,407 Charlotte 23,053 — 23,053 Tampa 12,251 — 12,251 Phoenix 12,710 — 12,710 Other 549 834 1,383 Total segment revenues 125,491 834 126,325 Less Company's share of rental property revenues from unconsolidated joint ventures (11,154 ) (834 ) (11,988 ) Total rental property revenues $ 114,337 $ — $ 114,337 Six Months Ended June 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 116,969 $ — $ 116,969 Austin 59,907 — 59,907 Charlotte 50,496 — 50,496 Dallas 804 — 804 Phoenix 25,808 — 25,808 Tampa 26,441 — 26,441 Other 4,126 2,277 6,403 Total segment revenues 284,551 2,277 286,828 Less Company's share of rental property revenues from unconsolidated joint ventures (25,753 ) (2,277 ) (28,030 ) Total rental property revenues $ 258,798 $ — $ 258,798 Six Months Ended June 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 100,229 $ — $ 100,229 Austin 53,167 — 53,167 Charlotte 46,040 — 46,040 Tampa 24,796 — 24,796 Phoenix 24,822 — 24,822 Other 1,078 1,624 2,702 Total segment revenues 250,132 1,624 251,756 Less Company's share of rental property revenues from unconsolidated joint ventures (22,087 ) (1,624 ) (23,711 ) Total rental property revenues $ 228,045 $ — $ 228,045

Description of Business and B_3

Description of Business and Basis of Presentation (Description of Business) (Details)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percentage of partnership units owned by the Company	99.00%
Distribution of taxable income to qualify as REIT, percentage	100.00%

Description of Business and B_4

Description of Business and Basis of Presentation (Basis of Presentation) (Details) $ in Millions	Jun. 14, 2019shares	Jun. 30, 2019USD ($)shares	Dec. 31, 2018shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reverse stock split ratio	250
Common stock, shares authorized | shares	175,000,000	300,000,000	175,000,000
VIE, total assets | $		$ 92.3

Description of Business and B_5

Description of Business and Basis of Presentation (Recently Issued Accounting Standards) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2019	Jan. 01, 2019	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized indirect leasing costs	$ 796	$ 2,000
Weighted average discount rate			4.60%	4.49%
Right of use asset			$ 69,800
Lease liability			$ 59,970
Cumulative effect of change in accounting principle					$ 22,329
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle					22,329
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right of use asset				$ 56,300
Lease liability				$ 56,300
Accounting Standards Update 2017-05 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle					$ 22,300

Merger With Tier REIT, Inc. (Ad

Merger With Tier REIT, Inc. (Additional Information) (Details) shares in Millions, $ in Millions	Jun. 14, 2019USD ($)shares	Mar. 25, 2019	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Business Acquisition [Line Items]
Reverse stock split ratio	250
TIER
Business Acquisition [Line Items]
Stock conversation ratio		2.98
Fair value of assets acquired and liabilities assumed	$ 1,600
Acquisition expenses			$ 49.8	$ 49.8
TIER | Rental property revenues
Business Acquisition [Line Items]
Amount reported in consolidated revenue				$ 9.7
Former TIER Common Stockholders
Business Acquisition [Line Items]
Number of shares issued | shares	166

Merger With Tier REIT, Inc. (Pu

Merger With Tier REIT, Inc. (Purchase Price Allocation) (Details) - TIER $ in Thousands	Mar. 25, 2019USD ($)
Business Acquisition [Line Items]
Real estate assets	$ 2,186,143
Real estate assets held for sale	29,193
Cash and cash equivalents	84,042
Restricted cash	1,936
Notes and other receivables	6,416
Investment in unconsolidated joint ventures	349
Intangible assets	146,943
Other assets	11,836
Assets	2,466,858
Notes payable	747,549
Accounts payable and accrued expenses	48,173
Deferred income	8,388
Intangible liabilities	51,403
Other liabilities	7,796
Nonredeemable noncontrolling interest	5,187
Liabilities	868,496
Total purchase price	$ 1,598,362

Merger With Tier REIT, Inc. (Pr

Merger With Tier REIT, Inc. (Pro Forma Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Combinations [Abstract]
Revenues	$ 182,114	$ 172,894	$ 365,382	$ 346,442
Net income (loss)	63,386	14,696	87,813	(10,470)
Net income (loss) available to common stockholders	$ 62,503	$ 14,466	$ 86,643	$ (10,416)

Transactions with Norfolk Sou_3

Transactions with Norfolk Southern Railway Company (Additional Information) (Details) - USD ($) $ in Thousands	Mar. 01, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property				$ 57,772	$ 0
Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased			$ 6,500			$ 37,000
Site Preparation Work
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased			$ 4,000
NS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue recognized		$ 5,000		$ 11,600
NS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction price	$ 52,300
NS | 1200 Peachtree
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase of a building	$ 82,000
Lease term	3 years
Impairment of property	$ 10,300
NS | Fees for development services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	5,000
NS | Fees for consulting services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	32,000
NS | Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property	52,500
Gain from sale of property	$ 5,000

Transactions with Norfolk Sou_4

Transactions with Norfolk Southern Railway Company (Allocation of Estimated Fair Values of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 01, 2019	Dec. 31, 2018
Intangible assets:
Total assets	$ 6,676,672		$ 4,146,296
1200 Peachtree
Tangible assets:
Land and improvements		$ 19,495
Building		62,836
Tangible assets		82,331
Intangible assets:
In-place leases		9,969
Intangible assets		9,969
Total assets		$ 92,300

Leases (Additional Information)

Leases (Additional Information) (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)property	Jun. 30, 2019USD ($)property	Jan. 01, 2019
Leases [Abstract]
Number of properties subject to operating lease | property	5	5
Operating lease, weighted average remaining term	72 years	72 years
Number of properties subject to finance lease | property	2	2
Finance lease, weighted average remaining term	5 years	5 years
Right of use asset	$ 69,800,000	$ 69,800,000
Lease liability	$ 70,200,000	$ 70,200,000
Weighted average discount rate	4.60%	4.60%	4.49%
Lease expense	$ 845,000	$ 1,700,000
Variable lease expense		0
Interest expense related to finance lease	115,000	231,000
Operating lease payments	$ 567,000	960,000
Finance lease payments		$ 0

Leases (Future Minimum Payments

Leases (Future Minimum Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Operating Ground Leases
2019	$ 1,636
2020	3,175
2021	2,959
2022	2,672
2023	2,614
Thereafter	203,214
Total minimum payments	216,270
Discount	(156,300)
Lease liability	59,970
2019		$ 2,441
2020		2,460
2021		2,497
2022		2,497
2023		2,497
Thereafter		202,603
Total minimum payments	403	214,995
Finance Ground Leases
2019	462
2020	462
2021	6,562
2022	162
2023	162
Thereafter	3,838
Total minimum payments	11,648
Discount	(1,456)
Lease liability	$ 10,192
2019		462
2020		462
2021		6,562
2022		162
2023		162
Thereafter		3,838
Total minimum payments		$ 11,648

Investment in Unconsolidated _3

Investment in Unconsolidated Joint Ventures (Summary of Financial Position and Operations) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
SUMMARY OF FINANCIAL POSITION:
Total Assets	$ 867,201		$ 779,204
Total Debt	340,429		342,892
Total Equity	379,541		338,427
Company’s Investment	155,469		140,376
SUMMARY OF OPERATIONS:
Total Revenues	56,338	$ 48,001
Net Income (Loss)	13,256	9,624
Company's Share of Income (Loss)	6,538	7,921
Terminus Office Holdings LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	261,023		258,060
Total Debt	196,451		198,732
Total Equity	54,358		50,539
Company’s Investment	50,183		48,571
SUMMARY OF OPERATIONS:
Total Revenues	24,050	22,318
Net Income (Loss)	3,819	3,070
Company's Share of Income (Loss)	1,800	1,597
DC Charlotte Plaza LLLP
SUMMARY OF FINANCIAL POSITION:
Total Assets	179,802		155,530
Total Debt	0		0
Total Equity	91,780		88,922
Company’s Investment	48,660		46,554
SUMMARY OF OPERATIONS:
Total Revenues	5,410	0
Net Income (Loss)	2,201	0
Company's Share of Income (Loss)	1,101	0
Austin 300 Colorado Project, LP
SUMMARY OF FINANCIAL POSITION:
Total Assets	76,136		51,180
Total Debt	1		0
Total Equity	54,951		41,298
Company’s Investment	29,576		22,335
SUMMARY OF OPERATIONS:
Total Revenues	222	285
Net Income (Loss)	110	172
Company's Share of Income (Loss)	55	86
Carolina Square Holdings LP
SUMMARY OF FINANCIAL POSITION:
Total Assets	115,324		106,187
Total Debt	75,234		74,638
Total Equity	27,005		28,844
Company’s Investment	15,915		16,840
SUMMARY OF OPERATIONS:
Total Revenues	6,491	5,361
Net Income (Loss)	158	445
Company's Share of Income (Loss)	110	17
HICO Victory Center LP
SUMMARY OF FINANCIAL POSITION:
Total Assets	15,220		15,069
Total Debt	0		0
Total Equity	15,076		14,801
Company’s Investment	10,176		10,003
SUMMARY OF OPERATIONS:
Total Revenues	235	202
Net Income (Loss)	235	202
Company's Share of Income (Loss)	137	106
Charlotte Gateway Village, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	112,792		112,553
Total Debt	0		0
Total Equity	108,714		109,666
Company’s Investment	7,749		8,225
SUMMARY OF OPERATIONS:
Total Revenues	13,611	13,477
Net Income (Loss)	5,049	5,189
Company's Share of Income (Loss)	2,524	2,594
AMCO 120 WT Holdings, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	58,557		36,680
Total Debt	0		0
Total Equity	51,567		31,372
Company’s Investment	9,747		5,538
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	(32)	(24)
Company's Share of Income (Loss)	0	0
CL Realty, L.L.C.
SUMMARY OF FINANCIAL POSITION:
Total Assets	4,166		4,169
Total Debt	0		0
Total Equity	4,093		4,183
Company’s Investment	2,842		2,886
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	(75)	(71)
Company's Share of Income (Loss)	(44)	(49)
Temco Associates, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	1,526		1,482
Total Debt	0		0
Total Equity	1,423		1,379
Company’s Investment	941		919
SUMMARY OF OPERATIONS:
Total Revenues	64	80
Net Income (Loss)	36	36
Company's Share of Income (Loss)	22	21
TR 208 Nueces Member, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	2,692		0
Total Debt	0		0
Total Equity	1,396		0
Company’s Investment	349		0
EP II LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	246		247
Total Debt	0		0
Total Equity	164		165
Company’s Investment	29		30
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	(1)	(21)
Company's Share of Income (Loss)	(1)	(15)
EP I LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	458		461
Total Debt	0		0
Total Equity	293		296
Company’s Investment	2		6
SUMMARY OF OPERATIONS:
Total Revenues	0	19
Net Income (Loss)	(3)	(4)
Company's Share of Income (Loss)	(4)	(5)
Wildwood Associates
SUMMARY OF FINANCIAL POSITION:
Total Assets	11,138		11,157
Total Debt	0		0
Total Equity	11,058		11,108
Company’s Investment	(492)		(460)
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	(50)	(1,086)
Company's Share of Income (Loss)	(25)	2,750
Crawford Long - CPI, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	28,121		26,429
Total Debt	68,743		69,522
Total Equity	(42,337)		(44,146)
Company’s Investment	(20,208)		$ (21,071)
SUMMARY OF OPERATIONS:
Total Revenues	6,255	6,259
Net Income (Loss)	1,809	1,730
Company's Share of Income (Loss)	863	824
Other
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	0	(14)
Company's Share of Income (Loss)	$ 0	$ (5)

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Ventures (Additional Information) (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jul. 24, 2019	Jun. 30, 2019	Jun. 30, 2018
Investment [Line Items]
Net purchase price		$ 57,772	$ 0
Subsequent Event | Terminus Office Holdings LLC
Investment [Line Items]
Net purchase price	$ 503,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,674	$ 1,674
Total intangible assets	283,139	145,883
In-place Leases
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	229,100	105,964
Accumulated amortization	141,773	125,130
Above-market Tenant Leases
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	34,711	20,453
Accumulated amortization	22,378	19,502
Below-market Ground Lease
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	17,654	17,792
Accumulated amortization	$ 759	$ 621

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $27,009 and $25,193 in 2019 and 2018, respectively	$ 19,124	$ 14,942
Predevelopment costs and earnest money	19,039	8,249
Prepaid expenses and other assets	8,679	5,087
Line of credit deferred financing costs, net of accumulated amortization of $2,200 and $1,451 in 2019 and 2018, respectively	5,268	5,844
Lease inducements, net of accumulated amortization of $1,903 and $1,545 in 2019 and 2018, respectively	8,551	4,961
Total other assets	60,661	39,083
Accumulated depreciation of furniture, fixtures and equipment, leasehold improvements, and other deferred costs	27,009	25,193
Accumulated amortization of line of credit deferred financing costs	2,200	1,451
Accumulated amortization of lease inducements	$ 1,903	$ 1,545

Notes Payable (Terms of Notes P

Notes Payable (Terms of Notes Payable) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 14, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes Payable, Gross	$ 1,841,918		$ 1,067,362
Unamortized premium	2,515		0
Unamortized loan costs	(6,984)		(4,792)
Total Notes Payable	$ 1,837,449		1,062,570
Weighted average maturity of notes payable	6 years 6 months
Senior Notes, Unsecured | 3.95% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.95%
Notes Payable, Gross	$ 275,000		0
Senior Notes, Unsecured | 3.91% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.91%
Notes Payable, Gross	$ 250,000		250,000
Senior Notes, Unsecured | 3.85% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.86%
Notes Payable, Gross	$ 250,000		0
Senior Notes, Unsecured | 3.78% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.78%
Notes Payable, Gross	$ 125,000		0
Senior Notes, Unsecured | 4.09% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	4.09%
Notes Payable, Gross	$ 100,000		100,000
Term Loan, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.60%
Notes Payable, Gross	$ 250,000		250,000
Mortgage Debt
Debt Instrument [Line Items]
Interest Rate		4.24%
Total Notes Payable		$ 68,500
Mortgage Debt | Fifth Third Center
Debt Instrument [Line Items]
Interest Rate	3.37%
Notes Payable, Gross	$ 141,927		143,497
Mortgage Debt | Colorado Tower
Debt Instrument [Line Items]
Interest Rate	3.45%
Notes Payable, Gross	$ 118,266		119,427
Mortgage Debt | Promenade
Debt Instrument [Line Items]
Interest Rate	4.27%
Notes Payable, Gross	$ 97,630		99,238
Mortgage Debt | 816 Congress
Debt Instrument [Line Items]
Interest Rate	3.75%
Notes Payable, Gross	$ 80,840		81,676
Mortgage Debt | Legacy Union One
Debt Instrument [Line Items]
Interest Rate	4.24%
Notes Payable, Gross	$ 66,000		0
Mortgage Debt | Meridian Mark Plaza
Debt Instrument [Line Items]
Interest Rate	6.00%
Notes Payable, Gross	$ 23,255		23,524
Credit Facility, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.45%
Notes Payable, Gross	$ 64,000		$ 0

Notes Payable (Credit Facility)

Notes Payable (Credit Facility) (Details) - Credit Facility	6 Months Ended
	Jun. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,000,000,000
Minimum fixed charge coverage ratio	1.50
Available borrowing capacity	$ 936,000,000
LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.05%
Federal Funds Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	0.50%
One-month LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.00%
Minimum
Line of Credit Facility [Line Items]
Minimum unencumbered interest coverage ratio	1.75
Minimum | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.05%
Minimum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	0.10%
Maximum
Line of Credit Facility [Line Items]
Secured leverage ratio (percent)	40.00%
Leverage ratio (percent)	60.00%
Maximum | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.45%
Maximum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	0.45%

Notes Payable (Term Loan) (Deta

Notes Payable (Term Loan) (Details) - Term Loan	6 Months Ended
	Jun. 30, 2019USD ($)
Debt Instrument [Line Items]
Unsecured term loan	$ 250,000,000
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.20%
LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.20%
LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.70%
Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.50%
One-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.00%
Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.00%
Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.75%

Notes Payable (Unsecured Senior

Notes Payable (Unsecured Senior Notes) (Details)	1 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)tranche	Jun. 30, 2019USD ($)tranche
Unsecured Senior Notes
Debt Instrument [Line Items]
Number of tranches | tranche	2	2
Debt amount	$ 350,000,000	$ 350,000,000
Minimum fixed charge coverage ratio		1.50
Unsecured Senior Notes | Minimum
Debt Instrument [Line Items]
Minimum unencumbered interest coverage ratio		1.75
Unsecured Senior Notes | Maximum
Debt Instrument [Line Items]
Leverage ratio (percent)	60.00%	60.00%
Secured leverage ratio (percent)		40.00%
Unsecured Senior Notes | 3.78% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest rate (percent)	3.78%	3.78%
Unsecured Senior Notes | 3.85% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest rate (percent)	3.86%	3.86%
Unsecured Senior Notes | 3.95% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest rate (percent)	3.95%	3.95%
Unsecured Senior Notes | 4.09% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest rate (percent)	4.09%	4.09%
Debt amount	$ 100,000,000	$ 100,000,000
Unsecured Senior Notes | 3.91% Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest rate (percent)	3.91%	3.91%
Debt amount	$ 250,000,000	$ 250,000,000
Unsecured Senior Notes
Debt Instrument [Line Items]
Amount of debt closed	$ 650,000,000
Number of tranches | tranche	3	3
Unsecured Senior Notes | 3.78% Senior Notes, Unsecured
Debt Instrument [Line Items]
Amount of debt closed	$ 125,000,000
Debt term	8 years
Interest rate (percent)	3.78%	3.78%
Unsecured Senior Notes | 3.85% Senior Notes, Unsecured
Debt Instrument [Line Items]
Amount of debt closed	$ 250,000,000
Debt term	9 years
Interest rate (percent)	3.86%	3.86%
Unsecured Senior Notes | 3.95% Senior Notes, Unsecured
Debt Instrument [Line Items]
Amount of debt closed	$ 275,000,000
Debt term	10 years
Interest rate (percent)	3.95%	3.95%

Notes Payable (Other Debt Infor

Notes Payable (Other Debt Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 14, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable	$ 1,837,449		$ 1,837,449			$ 1,062,570
Notes payable, fair value	1,900,000		1,900,000			$ 1,100,000
Total interest incurred	13,175	$ 11,103	25,010	$ 21,977
Interest capitalized	(1,116)	(1,389)	(2,131)	(2,485)
Total interest expense	$ 12,059	$ 9,714	$ 22,879	$ 19,492
Mortgage Loan
Debt Instrument [Line Items]
Notes payable					$ 66,000
Interest rate (percent)					4.24%
Notes payable					$ 68,500

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit and performance bonds	$ 590
Future obligations under leases to fund tenant improvements and other future construction obligations	245,700
Future obligations under ground and other operating leases	$ 403	$ 214,995

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)awardshares	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)awardshares	Jun. 30, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $	$ 1.1	$ 3.4	$ 6.6	$ 6
Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $	$ 1.4
Number of shares issued (in shares)	37,166
RSU | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)			65,822
Vesting period			3 years
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ultimate payout, minimum (as a percent)			0.00%
Ultimate payout, maximum (as a percent)			200.00%
Number of trading days used to determine average closing price			30 days
Performance-based RSUs | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Types of performance-based RSUs | award	2		2
TSR RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)			65,247
FFO RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)			27,963

Revenue (Additional Information

Revenue (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 142,020	$ 116,628	$ 274,753	$ 233,830
Rental property revenues
Disaggregation of Revenue [Line Items]
Variable rental revenue	35,800		68,900
Revenues	134,933	114,337	258,798	228,045
Fees and other
Disaggregation of Revenue [Line Items]
Revenues	$ 7,100	$ 2,300	$ 16,000	$ 5,800

Revenue (Future Minimum Payment

Revenue (Future Minimum Payments to be Received) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
2019	$ 268,869	$ 328,607
2020	540,982	330,477
2021	507,607	314,410
2022	454,993	280,959
2023	414,041	256,233
Thereafter	1,772,076	1,115,490
Total future minimum payments to be received	$ 3,958,568	$ 2,626,176

Sale of Air Rights (Details)

Sale of Air Rights (Details) - Downtown Atlanta $ in Thousands	Feb. 26, 2019USD ($)a
Real Estate [Line Items]
Area of property (in acres) | a	8
Gross sales price of investment properties	$ 13,250
Gain on sale of investment properties	$ 13,100

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net income (loss)	$ (22,582)	$ 21,749	$ 13,423	$ 38,155
Net income (loss) available to common stockholders	$ (22,409)	$ 21,276	$ 12,932	$ 37,319
Denominator:
Weighted average common shares - basic (in shares)	112,926	105,073	109,049	105,056
Net income (loss) per common share - basic (in usd per share)	$ (0.20)	$ 0.20	$ 0.12	$ 0.36
Numerator:
Net income (loss)	$ (22,582)	$ 21,749	$ 13,423	$ 38,155
Net income (loss) available for common stockholders before net income attributable to noncontrolling interests in CPLP	$ (22,674)	$ 21,686	$ 13,255	$ 38,016
Denominator:
Weighted average shares — basic (in shares)	112,926	105,073	109,049	105,056
Add:
Potential dilutive common shares - stock options (in shares)	0	58	29	61
Weighted average units of CPLP convertible into common shares (in shares)	1,744	1,744	1,744	1,744
Weighted average common shares - diluted (in shares)	114,670	106,875	110,822	106,861
Net income (loss) per common share - diluted (in usd per share)	$ (0.20)	$ 0.20	$ 0.12	$ 0.36
Stock Option
Add:
Anti-dilutive stock options outstanding (in shares)	27	0	0	3
CPLP
Numerator:
Net income attributable to other noncontrolling interests	$ 265	$ (410)	$ (323)	$ (697)
Numerator:
Net income attributable to other noncontrolling interests	265	(410)	(323)	(697)
Other Noncontrolling Interests
Numerator:
Net income attributable to other noncontrolling interests	(92)	(63)	(168)	(139)
Numerator:
Net income attributable to other noncontrolling interests	$ (92)	$ (63)	$ (168)	$ (139)

Consolidated Statements of Ca_3

Consolidated Statements of Cash Flows - Supplemental Information (Supplemental Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Interest paid, net of amounts capitalized	$ 22,130	$ 19,283
Non-Cash Transactions:
Non-cash assets and liabilities assumed in TIER transaction	1,512,384	0
Ground lease right-of-use assets and associated liabilities	56,294	0
Common stock dividends declared and accrued	42,563	27,326
Change in accrued property, acquisition, development, and tenant expenditures	8,973	24,121
Non-cash consideration for property acquisition	10,071	0
Transfers from projects under development to operating properties	0	212,628
Cumulative effect of change in accounting principle	0	22,329
Transfer from investment in unconsolidated joint venture to projects under development	$ 0	$ 7,025

Consolidated Statements of Ca_4

Consolidated Statements of Cash Flows - Supplemental Information (Reconciliation of Cash) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 11,885	$ 2,547
Restricted cash	2,182	148
Total cash, cash equivalents, and restricted cash	$ 14,067	$ 2,695	$ 110,560	$ 205,745

Reportable Segments (Net Operat

Reportable Segments (Net Operating Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total Net Operating Income	$ 97,417	$ 80,195	$ 185,148	$ 160,773
Atlanta
Segment Reporting Information [Line Items]
Total Net Operating Income	39,368	32,178	76,766	64,343
Austin
Segment Reporting Information [Line Items]
Total Net Operating Income	18,577	15,431	34,525	31,273
Charlotte
Segment Reporting Information [Line Items]
Total Net Operating Income	18,050	15,088	33,859	30,029
Dallas
Segment Reporting Information [Line Items]
Total Net Operating Income	669		670
Phoenix
Segment Reporting Information [Line Items]
Total Net Operating Income	9,290	8,880	18,781	17,854
Tampa
Segment Reporting Information [Line Items]
Total Net Operating Income	8,573	7,642	16,560	15,370
Other
Segment Reporting Information [Line Items]
Total Net Operating Income	2,890	976	3,987	1,904
Office
Segment Reporting Information [Line Items]
Total Net Operating Income	96,709	79,652	183,572	159,742
Office | Atlanta
Segment Reporting Information [Line Items]
Total Net Operating Income	39,368	32,178	76,766	64,343
Office | Austin
Segment Reporting Information [Line Items]
Total Net Operating Income	18,577	15,431	34,525	31,273
Office | Charlotte
Segment Reporting Information [Line Items]
Total Net Operating Income	18,050	15,088	33,859	30,029
Office | Dallas
Segment Reporting Information [Line Items]
Total Net Operating Income	669		670
Office | Phoenix
Segment Reporting Information [Line Items]
Total Net Operating Income	9,290	8,880	18,781	17,854
Office | Tampa
Segment Reporting Information [Line Items]
Total Net Operating Income	8,573	7,642	16,560	15,370
Office | Other
Segment Reporting Information [Line Items]
Total Net Operating Income	2,182	433	2,411	873
Mixed-Use
Segment Reporting Information [Line Items]
Total Net Operating Income	708	543	1,576	1,031
Mixed-Use | Atlanta
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0	0
Mixed-Use | Austin
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0	0
Mixed-Use | Charlotte
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0	0
Mixed-Use | Dallas
Segment Reporting Information [Line Items]
Total Net Operating Income	0		0
Mixed-Use | Phoenix
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0	0
Mixed-Use | Tampa
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0	0
Mixed-Use | Other
Segment Reporting Information [Line Items]
Total Net Operating Income	$ 708	$ 543	$ 1,576	$ 1,031

Reportable Segments (Reconcilia

Reportable Segments (Reconciliation of Net Income to Net Operating Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net Operating Income	$ 97,417	$ 80,195	$ 185,148	$ 160,773
Net operating income from unconsolidated joint ventures	(9,379)	(7,228)	(17,252)	(14,649)
Revenues	142,020	116,628	274,753	233,830
Reimbursed expenses	(1,047)	(860)	(1,979)	(1,802)
General and administrative expenses	(8,374)	(8,071)	(19,834)	(14,880)
Interest expense	(12,059)	(9,714)	(22,879)	(19,492)
Depreciation and amortization	(50,904)	(45,675)	(96,765)	(90,768)
Acquisition and transaction costs	(49,827)	(137)	(49,830)	(228)
Other expenses	(624)	(44)	(804)	(364)
Income from unconsolidated joint ventures	3,634	5,036	6,538	7,921
Gain on sale of investment properties	1,304	5,317	14,415	4,945
Loss on extinguishment of debt	0	0	0	(85)
Net income (loss)	(22,582)	21,749	13,423	38,155
Fee income
Segment Reporting Information [Line Items]
Revenues	7,076	1,798	15,804	4,692
Termination fee income
Segment Reporting Information [Line Items]
Revenues	190	639	710	999
Other
Segment Reporting Information [Line Items]
Revenues	$ 11	$ 493	$ 151	$ 1,093

Reportable Segments (Segment Re

Reportable Segments (Segment Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 142,020	$ 116,628	$ 274,753	$ 233,830
Rental property revenues
Segment Reporting Information [Line Items]
Revenues	134,933	114,337	258,798	228,045
Rental property revenues | Office
Segment Reporting Information [Line Items]
Revenues	134,933	114,337	258,798	228,045
Rental property revenues | Mixed-Use
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Rental property revenues | Operating Segments
Segment Reporting Information [Line Items]
Revenues	150,178		286,828
Rental property revenues | Operating Segments | Atlanta
Segment Reporting Information [Line Items]
Revenues	59,499	50,521	116,969	100,229
Rental property revenues | Operating Segments | Austin
Segment Reporting Information [Line Items]
Revenues	31,815	26,407	59,907	53,167
Rental property revenues | Operating Segments | Charlotte
Segment Reporting Information [Line Items]
Revenues	27,110	23,053	50,496	46,040
Rental property revenues | Operating Segments | Dallas
Segment Reporting Information [Line Items]
Revenues	804		804
Rental property revenues | Operating Segments | Phoenix
Segment Reporting Information [Line Items]
Revenues	12,805	12,710	25,808	24,822
Rental property revenues | Operating Segments | Tampa
Segment Reporting Information [Line Items]
Revenues	13,471	12,251	26,441	24,796
Rental property revenues | Operating Segments | Other
Segment Reporting Information [Line Items]
Revenues	4,674	1,383	6,403	2,702
Rental property revenues | Operating Segments | Office
Segment Reporting Information [Line Items]
Revenues	149,085		284,551
Rental property revenues | Operating Segments | Office | Atlanta
Segment Reporting Information [Line Items]
Revenues	59,499	50,521	116,969	100,229
Rental property revenues | Operating Segments | Office | Austin
Segment Reporting Information [Line Items]
Revenues	31,815	26,407	59,907	53,167
Rental property revenues | Operating Segments | Office | Charlotte
Segment Reporting Information [Line Items]
Revenues	27,110	23,053	50,496	46,040
Rental property revenues | Operating Segments | Office | Dallas
Segment Reporting Information [Line Items]
Revenues	804		804
Rental property revenues | Operating Segments | Office | Phoenix
Segment Reporting Information [Line Items]
Revenues	12,805	12,710	25,808	24,822
Rental property revenues | Operating Segments | Office | Tampa
Segment Reporting Information [Line Items]
Revenues	13,471	12,251	26,441	24,796
Rental property revenues | Operating Segments | Office | Other
Segment Reporting Information [Line Items]
Revenues	3,581	549	4,126	1,078
Rental property revenues | Operating Segments | Mixed-Use
Segment Reporting Information [Line Items]
Revenues	1,093		2,277
Rental property revenues | Operating Segments | Mixed-Use | Atlanta
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Rental property revenues | Operating Segments | Mixed-Use | Austin
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Rental property revenues | Operating Segments | Mixed-Use | Charlotte
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Rental property revenues | Operating Segments | Mixed-Use | Dallas
Segment Reporting Information [Line Items]
Revenues	0		0
Rental property revenues | Operating Segments | Mixed-Use | Phoenix
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Rental property revenues | Operating Segments | Mixed-Use | Tampa
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Rental property revenues | Operating Segments | Mixed-Use | Other
Segment Reporting Information [Line Items]
Revenues	1,093	834	2,277	1,624
Rental property revenues | Segment Reconciling Items
Segment Reporting Information [Line Items]
Revenues	(15,245)	(11,988)	(28,030)	(23,711)
Total segment revenues		126,325		251,756
Rental property revenues | Segment Reconciling Items | Office
Segment Reporting Information [Line Items]
Revenues	(14,152)	(11,154)	(25,753)	(22,087)
Total segment revenues		125,491		250,132
Rental property revenues | Segment Reconciling Items | Mixed-Use
Segment Reporting Information [Line Items]
Revenues	$ (1,093)	(834)	$ (2,277)	(1,624)
Total segment revenues		$ 834		$ 1,624

Uncategorized Items - form10-qj

Label	Element	Value
Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 22,329,000