Cousins Properties (CUZ) 10-Q23 Oct 192019 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2019	Oct. 16, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 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	Q3
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		146,762,271

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Real estate assets:
Operating properties, net of accumulated depreciation of $561,489 and $421,495 in 2019 and 2018, respectively	$ 5,532,963	$ 3,603,011
Projects under development	370,755	24,217
Land	113,578	72,563
Total real estate assets	6,017,296	3,699,791
Real estate assets and other assets held for sale	29,193	0
Cash and cash equivalents	12,396	2,547
Restricted cash	2,268	148
Notes and accounts receivable	28,792	13,821
Deferred rents receivable	101,213	83,116
Investment in unconsolidated joint ventures	186,079	161,907
Intangible assets, net	255,613	145,883
Other assets	71,270	39,083
Total assets	6,704,120	4,146,296
Liabilities:
Notes payable	1,850,817	1,062,570
Accounts payable and accrued expenses	225,632	110,159
Deferred income	57,411	41,266
Intangible liabilities, net of accumulated amortization of $56,414 and $42,473 in 2019 and 2018, respectively	89,578	56,941
Other liabilities	131,604	54,204
Total liabilities	2,355,042	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 149,347,204 and 107,681,130 shares issued in 2019 and 2018, respectively	149,347	107,681
Additional paid-in capital	5,493,265	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	(1,211,752)	(1,129,445)
Total stockholders' investment	4,284,104	2,765,865
Nonredeemable noncontrolling interests	64,974	55,291
Total equity	4,349,078	2,821,156
Total liabilities and equity	$ 6,704,120	$ 4,146,296

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accumulated depreciation on operating properties	$ 561,489	$ 421,495
Accumulated amortization on intangible liabilities	$ 56,414	$ 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	149,347,204	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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Revenues	$ 188,323	$ 118,706	$ 463,076	$ 352,536
Expenses:
Rental property operating expenses	65,646	41,579	155,838	122,501
Reimbursed expenses	1,290	955	3,269	2,757
General and administrative expenses	5,852	3,913	25,686	18,793
Interest expense	14,700	9,551	37,579	29,043
Depreciation and amortization	82,012	45,068	178,777	135,836
Transaction costs	1,048	0	50,878	228
Other	297	93	1,101	457
Total costs and expenses	170,845	101,159	453,128	309,615
Income from unconsolidated joint ventures	3,241	2,252	9,779	10,173
Gain (loss) on sale of investment properties	(27)	(33)	14,388	4,912
Gain on extinguishment of debt	0	93	0	8
Net income	20,692	19,859	34,115	58,014
Net income attributable to noncontrolling interests	(318)	(374)	(809)	(1,210)
Net income available to common stockholders	$ 20,374	$ 19,485	$ 33,306	$ 56,804
Net income per common share — basic and diluted (in usd per share)	$ 0.14	$ 0.19	$ 0.27	$ 0.54
Weighted average shares — basic (in shares)	146,762	105,096	121,758	105,069
Weighted average shares — diluted (in shares)	148,530	106,880	123,529	106,867
Rental property revenues
Revenues:
Revenues	$ 180,826	$ 115,719	$ 439,624	$ 343,764
Fee income
Revenues:
Revenues	7,494	2,519	23,298	7,211
Other
Revenues:
Revenues	$ 3	$ 468	$ 154	$ 1,561

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)	58,014					56,804	56,804	1,210
Common stock issued pursuant to stock based compensation	(567)		99	(566)	(100)		(567)
Amortization of stock options and restricted stock, net of forfeitures	1,683		(5)	1,688			1,683
Contributions from nonredeemable noncontrolling interests	1,960							1,960
Distributions to nonredeemable noncontrolling interests	(2,071)							(2,071)
Common dividends	(82,004)					(82,004)	(82,004)
Ending balance at Sep. 30, 2018	2,824,455	1,717	107,681	3,933,811	(148,473)	(1,124,518)	2,770,218	54,237
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	19,859					19,485	19,485	374
Amortization of stock options and restricted stock, net of forfeitures	561		(2)	563			561
Contributions from nonredeemable noncontrolling interests	252							252
Distributions to nonredeemable noncontrolling interests	(1,198)							(1,198)
Common dividends	(27,363)					(27,363)	(27,363)
Ending balance at Sep. 30, 2018	2,824,455	1,717	107,681	3,933,811	(148,473)	(1,124,518)	2,770,218	54,237
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)	34,115					33,306	33,306	809
Common stock issued in merger	1,598,189		41,576	1,556,613			1,598,189
Common stock issued pursuant to stock based compensation	510		91	419			510
Amortization of stock options and restricted stock, net of forfeitures	1,847		(1)	1,848			1,847
Nonredeemable noncontrolling interests acquired in merger	5,348							5,348
Contributions from nonredeemable noncontrolling interests	5,271							5,271
Distributions to nonredeemable noncontrolling interests	(1,745)							(1,745)
Common dividends	(115,613)					(115,613)	(115,613)
Ending balance at Sep. 30, 2019	4,349,078	1,717	149,347	5,493,265	(148,473)	(1,211,752)	4,284,104	64,974
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	20,692					20,374	20,374	318
Amortization of stock options and restricted stock, net of forfeitures	616		(1)	617			616
Contributions from nonredeemable noncontrolling interests	1,191							1,191
Distributions to nonredeemable noncontrolling interests	(480)							(480)
Common dividends	(42,559)					(42,559)	(42,559)
Ending balance at Sep. 30, 2019	$ 4,349,078	$ 1,717	$ 149,347	$ 5,493,265	$ (148,473)	$ (1,211,752)	$ 4,284,104	$ 64,974

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Dividends per common share (in usd per share)	$ 0.29	$ 0.26	$ 0.87	$ 0.78

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 34,115	$ 58,014
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of investment properties	(14,388)	(4,912)
Depreciation and amortization	178,777	135,836
Amortization of deferred financing costs and premium/discount on notes payable	1,723	1,808
Stock-based compensation expense, net of forfeitures	3,209	2,825
Effect of non-cash adjustments to revenues	(31,166)	(24,028)
Income from unconsolidated joint ventures	(9,779)	(10,173)
Operating distributions from unconsolidated joint ventures	6,125	15,056
Gain on extinguishment of debt	0	(8)
Changes in other operating assets and liabilities:
Change in other receivables and other assets, net	(13,638)	(435)
Change in operating liabilities, net	43,387	4,054
Net cash provided by operating activities	198,365	178,037
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales	58,968	0
Property acquisition, development, and tenant asset expenditures	(252,034)	(132,468)
Investment in unconsolidated joint ventures	(21,476)	(43,276)
Distributions from unconsolidated joint ventures	11	2,032
Cash and restricted cash acquired in merger	85,989	0
Change in notes receivable and other assets	(71)	(4,429)
Other	0	(4,261)
Net cash used in investing activities	(128,613)	(182,402)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility	904,000	0
Repayment of credit facility	(824,000)	0
Repayment of notes payable	(687,207)	(28,719)
Issuance of unsecured senior notes	650,000	0
Payment of deferred financing costs	(2,866)	(6,166)
Contributions from nonredeemable noncontrolling interests	5,271	252
Distributions to nonredeemable noncontrolling interests	(1,745)	(2,071)
Common dividends paid	(100,372)	(79,842)
Other	(864)	(1,709)
Net cash used in financing activities	(57,783)	(118,255)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	11,969	(122,620)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	2,695	205,745
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$ 14,664	$ 83,125

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
Description of Business and Basis of Presentation	Sep. 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 September 30, 2019 and the results of operations for the three and nine months ended September 30, 2019 and 2018 . The results of operations for the three and nine months ended September 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. 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 condensed consolidated financial statements have been adjusted to reflect the reverse stock split on a retroactive basis for all periods presented. For the three and nine months ended September 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 nine months ended September 30, 2018 were removed to conform to the current period presentation. On January 1, 2019, the Company began recording lease termination fees in rental property revenues on the condensed consolidated statements of operations as a result of the adoption of Accounting Standards Update ("ASU") 2016-02, "Leases," ("ASC 842"). The prior period amounts, which were included in other revenues, 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. At September 30, 2019, the Company had no investments or interests in any VIEs. 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 nine months ended September 30, 2018 , the Company capitalized $778,000 and $2.8 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 a 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 in the amount of $56.3 million on the condensed consolidated balance sheet. 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 expense associated with the ground lease 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.	9 Months Ended
Merger With Tier REIT, Inc.	Sep. 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 pre-reverse split 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 pre-reverse split shares of common stock of the Company. As discussed in note 1 to the condensed 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 nine months ended September 30, 2019 , the Company incurred expenses related to the Merger of $1.0 million and $50.9 million, respectively. 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 assets 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 $ 2,186,719 Real estate assets held for sale 29,193 Cash and cash equivalents 84,042 Restricted cash 1,947 Notes and other receivables 7,447 Investment in unconsolidated joint ventures 349 Intangible assets 142,316 Other assets 10,039 2,462,052 Notes payable 747,549 Accounts payable and accrued expenses 48,030 Deferred income 8,388 Intangible liabilities 46,579 Other liabilities 7,796 Nonredeemable noncontrolling interests 5,348 863,690 Total purchase price $ 1,598,362 During the three and nine months ended September 30, 2019, the Company recorded revenues of $52.1 million and $61.7 million , respectively, related to the Merger. The following unaudited supplemental pro forma information is based upon the Company's historical condensed 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 September 30, Nine months ended September 30, 2019 2018 2019 2018 (unaudited, in thousands) Revenues $ 188,323 $ 176,711 $ 555,324 $ 521,945 Net income 21,740 44,218 110,188 30,829 Net income available to common stockholders 21,410 43,689 108,724 30,466 2019 supplemental pro forma earnings were adjusted to exclude $1.0 million and $50.9 million of transaction costs incurred in the three and nine months ended September 30, 2019, respectively. Supplemental pro forma earnings for the nine months ended September 30, 2018 were adjusted to include this change.

Transactions with Norfolk South

Transactions with Norfolk Southern Railway Company	9 Months Ended
Transactions with Norfolk Southern Railway Company	Sep. 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. The Company determined that all contracts and transactions associated with NS should be combined for accounting purposes, and the amounts exchanged under the combined contracts should be allocated to the various components of the overall transaction at fair value or market value as discussed below. The Company determined that the purchase of 1200 Peachtree should be recorded at fair value of $92.3 million (see below for allocation of the purchase price). The Company determined that the lease with NS at the 1200 Peachtree building was at market value under ASC 842. The land sale was accounted for under ASC 610-20 and no gain or loss was recorded on the derecognition of this non-financial asset as the fair value was determined to equal the carrying amount. Consideration related to various services provided to NS, and accounted for under ASC 606, was determined to be $52.3 million and represents the negotiated market value for the services agreed to by the Company and NS in the contracts. This amount included non-cash consideration of the $10.3 million discount on the purchase of 1200 Peachtree as well as cash consideration of $5 million from the land sale contract (difference between fair value and contract amount), $5 million from the Development Agreement, and $32 million from the Consulting Agreement. Since all of the agreements and contracts above were executed for the purpose of delivering and constructing a corporate headquarters for NS and all of the services and deliverables are highly interdependent, the Company determined that the services represent a single performance obligation under ASC 606. The Company determined that control of the services to be provided is being transferred over time and, thus, the Company must recognize the $52.3 million contract 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 services component. Therefore, the Company began recognizing revenue in the quarter ended March 31, 2019 , and will recognize future revenue 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 nine months ended September 30, 2019 , the Company recognized $5.6 million and $17.2 million , respectively, in fee income in its statements of operations related to the services provided to NS. 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	9 Months Ended
Leases	Sep. 30, 2019
Leases [Abstract]
LEASES	LEASES At September 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 September 30, 2019 , the Company had right-of-use assets of $69.5 million included in operating properties, projects under development, or land on the condensed consolidated balance sheets and a lease liability of $70.1 million included in other liabilities on the condensed consolidated balance sheets. The weighted average discount rate on these ground leases at September 30, 2019 was 4.5% . 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 reflected in the statement of operations at the time of the change. For the three and nine months ended September 30, 2019 , the Company recognized operating ground lease expense of $1.1 million and $2.8 million , respectively, of which no amounts represented variable lease expenses, and recognized interest expense related to finance ground leases of $115,000 and $347,000 , respectively. For the three and nine months ended September 30, 2019 , the Company paid $478,000 and $1.4 million, respectively, in cash related to operating ground leases and made no cash payments related to financing ground leases. At September 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): September 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 818 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 202,604 3,838 $ 214,842 $ 11,648 Discount (155,027 ) (1,572 ) Lease liability $ 59,815 $ 10,076 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 September 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 September 30, 2019 , the Company had right-of-use assets of $69.5 million included in operating properties, projects under development, or land on the condensed consolidated balance sheets and a lease liability of $70.1 million included in other liabilities on the condensed consolidated balance sheets. The weighted average discount rate on these ground leases at September 30, 2019 was 4.5% . 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 reflected in the statement of operations at the time of the change. For the three and nine months ended September 30, 2019 , the Company recognized operating ground lease expense of $1.1 million and $2.8 million , respectively, of which no amounts represented variable lease expenses, and recognized interest expense related to finance ground leases of $115,000 and $347,000 , respectively. For the three and nine months ended September 30, 2019 , the Company paid $478,000 and $1.4 million, respectively, in cash related to operating ground leases and made no cash payments related to financing ground leases. At September 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): September 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 818 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 202,604 3,838 $ 214,842 $ 11,648 Discount (155,027 ) (1,572 ) Lease liability $ 59,815 $ 10,076 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	9 Months Ended
Investment in Unconsolidated Joint Ventures	Sep. 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 September 30, 2019 and December 31, 2018 (in thousands). The information included in the summary of operations table is for the nine months ended September 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 $ 257,554 $ 258,060 $ 195,290 $ 198,732 $ 55,502 $ 50,539 $ 50,781 $ 48,571 DC Charlotte Plaza LLLP 184,544 155,530 — — 93,775 88,922 49,759 46,554 Austin 300 Colorado Project, LP 104,875 51,180 5,488 — 68,054 41,298 36,462 22,335 Carolina Square Holdings LP 114,486 106,187 75,514 74,638 25,860 28,844 15,221 16,840 AMCO 120 WT Holdings, LLC 70,163 36,680 — — 62,185 31,372 11,966 5,538 HICO Victory Center LP 15,382 15,069 — — 15,196 14,801 10,264 10,003 Charlotte Gateway Village, LLC 112,768 112,553 — — 108,176 109,666 7,480 8,225 CL Realty, L.L.C. 4,159 4,169 — — 4,039 4,183 2,814 2,886 Temco Associates, LLC 1,551 1,482 — — 1,448 1,379 953 919 TR 208 Nueces Member, LLC 3,176 — — — 1,396 — 349 — EP II LLC 247 247 — — 165 165 28 30 EP I LLC 461 461 — — 296 296 2 6 Wildwood Associates 11,105 11,157 — — 10,998 11,108 (512 ) (1) (460 ) (1) Crawford Long - CPI, LLC 29,052 26,429 68,347 69,522 (41,326 ) (44,146 ) (19,723 ) (1) (21,071 ) (1) $ 909,523 $ 779,204 $ 344,639 $ 342,892 $ 405,764 $ 338,427 $ 165,844 $ 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 $ 20,368 $ 20,043 $ 7,510 $ 7,792 $ 3,755 $ 3,896 Terminus Office Holdings LLC 34,964 33,545 4,962 4,424 2,381 2,276 DC Charlotte Plaza LLLP 10,716 — 4,196 — 2,098 — Crawford Long - CPI, LLC 9,412 9,381 2,821 2,631 1,349 1,254 HICO Victory Center LP 356 282 356 282 197 160 Austin 300 Colorado Project, LP 319 385 152 173 76 86 Temco Associates, LLC 128 128 61 58 35 32 Carolina Square Holdings LP 8,757 7,403 191 5 5 (173 ) AMCO 120 WT Holdings, LLC 5 — (81 ) (28 ) — — EP II LLC 1 — — (21 ) (1 ) (15 ) EP I LLC 3 27 — 1 (4 ) (5 ) Wildwood Associates — — (80 ) (1,108 ) (40 ) 2,739 CL Realty, L.L.C. — — (129 ) (116 ) (72 ) (71 ) Other — — — (14 ) — (6 ) $ 85,029 $ 71,194 $ 19,959 $ 14,079 $ 9,779 $ 10,173 (1) Negative balances are included in deferred income on the balance sheets. On October 1, 2019, the Company purchased its partner's interest in Terminus Office Holdings LLC ("TOH") for $148 million in a transaction that valued Terminus 100 and Terminus 200 at $503 million . In the fourth quarter of 2019, the Company will consolidate TOH and record the assets and liabilities at fair value. The Company expects to recognize a gain of approximately $94 million on this acquisition achieved in stages.

Intangible Assets

Intangible Assets	9 Months Ended
Intangible Assets	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Intangible assets on the balance sheets as of September 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 In-place leases, net of accumulated amortization of $162,263 and $125,130 in 2019 and 2018, respectively $ 204,023 $ 105,964 Above-market tenant leases, net of accumulated amortization of $24,649 and $19,502 in 2019 and 2018, respectively 32,332 20,453 Below-market ground lease, net of accumulated amortization of $828 and $621 in 2019 and 2018, respectively 17,584 17,792 Goodwill 1,674 1,674 $ 255,613 $ 145,883 The carrying amount of goodwill did not change during the nine months ended September 30, 2019 and 2018 .

Other Assets

Other Assets	9 Months Ended
Other Assets	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets on the balance sheets as of September 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 Predevelopment costs and earnest money $ 33,997 $ 8,249 Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $28,082 and $25,193 in 2019 and 2018, respectively 17,355 14,942 Prepaid expenses and other assets 9,603 5,087 Lease inducements, net of accumulated amortization of $2,111 and $1,545 in 2019 and 2018, respectively 5,423 4,961 Line of credit deferred financing costs, net of accumulated amortization of $2,576 and $1,451 in 2019 and 2018, respectively 4,892 5,844 $ 71,270 $ 39,083

Notes Payable

Notes Payable	9 Months Ended
Notes Payable	Sep. 30, 2019
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE The following table summarizes the terms of notes payable outstanding at September 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 3.22% 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 141,131 143,497 2019 Senior Notes, Unsecured 3.78% 2027 125,000 — Colorado Tower 3.45% 2026 117,677 119,427 2017 Senior Notes, Unsecured 4.09% 2027 100,000 100,000 Promenade 4.27% 2022 96,813 99,238 816 Congress 3.75% 2024 80,415 81,676 Credit Facility, Unsecured 3.07% 2023 80,000 — Legacy Union One 4.24% 2023 66,000 — Meridian Mark Plaza 6.00% 2020 23,117 23,524 $ 1,855,153 $ 1,067,362 Unamortized premium 2,335 — Unamortized loan costs (6,671 ) (4,792 ) Total Notes Payable $ 1,850,817 $ 1,062,570 (1) Weighted average maturity of notes payable outstanding at September 30, 2019 was 6.3 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 September 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 $920.0 million at September 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 September 30, 2019 , the Term Loan's spread over LIBOR was 1.20% . Unsecured Senior Notes The Company has unsecured senior notes of $1.0 billion that were funded in five 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 third tranche of $125 million is due in 2027 and has a fixed annual interest rate of 3.78% . The fourth tranche of $250 million is due in 2028 and has a fixed annual interest rate of 3.86% . The fifth tranche of $275 million is due in 2029 and has a fixed annual interest rate of 3.95% . 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 At September 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 September 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 nine months ended September 30, 2019 and 2018 , interest expense was recorded as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Total interest incurred $ 18,918 $ 11,087 $ 43,928 $ 33,064 Interest capitalized (4,218 ) (1,536 ) (6,349 ) (4,021 ) Total interest expense $ 14,700 $ 9,551 $ 37,579 $ 29,043

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments At September 30, 2019 , the Company had outstanding performance bonds totaling $487,000 . As a lessor, the Company had $206.6 million in future obligations under leases to fund tenant improvements and other future construction obligations at September 30, 2019 . As a lessee, the Company had future obligations for operating leases other than ground leases of $333,000 at September 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	9 Months Ended
Stock-Based Compensation	Sep. 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 stock option and restricted stock awards is fixed. The expense related to RSUs 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 $67,000 and $403,000 for the three months ended September 30, 2019 and 2018 , respectively, and $6.7 million and $6.4 million for the nine months ended September 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. 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 Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITIION 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 revenues consist 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 revenues are 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 nine months ended September 30, 2019 , the Company recognized rental property revenues of $180.8 million and $439.6 million , respectively, of which $53.9 million and $122.8 million , respectively, represented variable rental revenue. For the three and nine months ended September 30, 2018 , the Company recognized rental property revenues of $115.7 million and $343.8 million , respectively. For the three and nine months ended September 30, 2019 , the Company recognized fee and other revenue of $7.5 million and $23.5 million , respectively. For the three and nine months ended September 30, 2018 , the Company recognized fee and other revenue of $3.0 million and $8.8 million , respectively. The following tables set forth the future minimum rents to be received by consolidated entities under existing non-cancellable leases as of September 30, 2019 and December 31, 2018, respectively (in thousands): September 30, 2019 2019 $ 139,270 2020 572,471 2021 547,573 2022 496,473 2023 455,942 Thereafter 1,954,183 $ 4,165,912 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	9 Months Ended
Sale of Air Rights	Sep. 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	9 Months Ended
Earnings Per Share	Sep. 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 nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Earnings per Common Share - basic: Numerator: Net income $ 20,692 $ 19,859 $ 34,115 $ 58,014 Net income attributable to noncontrolling interests in CPLP from continuing operations (241 ) (326 ) (564 ) (1,023 ) Net income attributable to other noncontrolling interests (77 ) (48 ) (245 ) (187 ) Net income available to common stockholders $ 20,374 $ 19,485 $ 33,306 $ 56,804 Denominator: Weighted average common shares - basic 146,762 105,096 121,758 105,069 Net income per common share - basic $ 0.14 $ 0.19 $ 0.27 $ 0.54 Earnings per common share - diluted: Numerator: Net income $ 20,692 $ 19,859 $ 34,115 $ 58,014 Net income attributable to other noncontrolling interests (77 ) (48 ) (245 ) (187 ) Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP $ 20,615 $ 19,811 $ 33,870 $ 57,827 Denominator: Weighted average common shares - basic 146,762 105,096 121,758 105,069 Add: Potential dilutive common shares - stock options 24 40 27 54 Weighted average units of CPLP convertible into common shares 1,744 1,744 1,744 1,744 Weighted average common shares - diluted 148,530 106,880 123,529 106,867 Net income per common share - diluted $ 0.14 $ 0.19 $ 0.27 $ 0.54 Anti-dilutive stock options outstanding — — — 2 For the nine months ended September 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.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - Supplemental Information	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Elements [Abstract]
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION	Supplemental information related to the cash flows, including significant non-cash activity affecting the condensed consolidated statement of cash flows, for the nine months ended September 30, 2019 and 2018 is as follows (in thousands): 2019 2018 Interest paid $ 39,592 $ 31,601 Non-Cash Transactions: Non-cash assets and liabilities assumed in TIER transaction 1,512,373 — Ground lease right-of-use assets and associated liabilities 56,294 — Common stock dividends declared and accrued 42,567 27,364 Change in accrued property, acquisition, development, and tenant expenditures 22,599 21,920 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): September 30, 2019 December 31, 2018 Cash and cash equivalents $ 12,396 $ 2,547 Restricted cash 2,268 148 Total cash, cash equivalents, and restricted cash $ 14,664 $ 2,695

Reportable Segments

Reportable Segments	9 Months Ended
Reportable Segments	Sep. 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. Included in Other is a property held for sale in Cherry Hill, New Jersey and properties located in Chapel Hill, Fort Worth, and Houston. 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 nine months ended September 30, 2019 and 2018 are as follows (in thousands): Three Months Ended September 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 38,926 $ — $ 38,926 Austin 29,452 — 29,452 Charlotte 21,692 — 21,692 Dallas 3,416 — 3,416 Phoenix 8,913 — 8,913 Tampa 8,309 — 8,309 Other 9,266 668 9,934 Total Net Operating Income $ 119,974 $ 668 $ 120,642 Three Months Ended September 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 32,296 $ — $ 32,296 Austin 15,180 — 15,180 Charlotte 15,924 — 15,924 Phoenix 9,265 — 9,265 Tampa 7,446 — 7,446 Other 310 437 747 Total Net Operating Income $ 80,421 $ 437 $ 80,858 Nine Months Ended September 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 115,692 $ — $ 115,692 Austin 63,977 — 63,977 Charlotte 55,550 — 55,550 Dallas 4,086 — 4,086 Phoenix 27,694 — 27,694 Tampa 24,869 — 24,869 Other 11,678 2,244 13,922 Total Net Operating Income $ 303,546 $ 2,244 $ 305,790 Nine Months Ended September 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 96,639 $ — $ 96,639 Austin 45,209 — 45,209 Charlotte 47,197 — 47,197 Phoenix 27,119 — 27,119 Tampa 22,816 — 22,816 Other 1,183 1,468 2,651 Total Net Operating Income $ 240,163 $ 1,468 $ 241,631 The following reconciles Net Operating Income to Net Income for each of the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net Operating Income $ 120,642 $ 80,858 $ 305,790 $ 241,631 Net operating income from unconsolidated joint ventures (9,037 ) (6,994 ) (26,289 ) (21,643 ) Fee income 7,494 2,519 23,298 7,211 Termination fee income 3,575 276 4,285 1,275 Other income 3 468 154 1,561 Reimbursed expenses (1,290 ) (955 ) (3,269 ) (2,757 ) General and administrative expenses (5,852 ) (3,913 ) (25,686 ) (18,793 ) Interest expense (14,700 ) (9,551 ) (37,579 ) (29,043 ) Depreciation and amortization (82,012 ) (45,068 ) (178,777 ) (135,836 ) Acquisition and transaction costs (1,048 ) — (50,878 ) (228 ) Other expenses (297 ) (93 ) (1,101 ) (457 ) Income from unconsolidated joint ventures 3,241 2,252 9,779 10,173 Gain (loss) on sale of investment properties (27 ) (33 ) 14,388 4,912 Gain on extinguishment of debt — 93 — 8 Net Income $ 20,692 $ 19,859 $ 34,115 $ 58,014 Revenues by reportable segment, including a reconciliation to total rental property revenues on the condensed consolidated statements of operations, for three and nine months ended September 30, 2019 and 2018 are as follows (in thousands): Three Months Ended September 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 60,486 $ — $ 60,486 Austin 50,614 — 50,614 Charlotte 34,762 — 34,762 Dallas 4,274 — 4,274 Phoenix 12,754 — 12,754 Tampa 14,335 — 14,335 Other 17,290 1,101 18,391 Total segment revenues 194,515 1,101 195,616 Less Company's share of rental property revenues from unconsolidated joint ventures (13,689 ) (1,101 ) (14,790 ) Total rental property revenues $ 180,826 $ — $ 180,826 Three Months Ended September 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 51,248 $ — $ 51,248 Austin 26,493 — 26,493 Charlotte 23,274 — 23,274 Tampa 12,857 — 12,857 Phoenix 12,228 — 12,228 Other 1,104 429 1,533 Total segment revenues 127,204 429 127,633 Less Company's share of rental property revenues from unconsolidated joint ventures (11,485 ) (429 ) (11,914 ) Total rental property revenues $ 115,719 $ — $ 115,719 Nine Months Ended September 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 177,455 $ — $ 177,455 Austin 110,521 — 110,521 Charlotte 85,258 — 85,258 Dallas 5,078 — 5,078 Phoenix 38,562 — 38,562 Tampa 40,776 — 40,776 Other 21,416 3,378 24,794 Total segment revenues 479,066 3,378 482,444 Less Company's share of rental property revenues from unconsolidated joint ventures (39,442 ) (3,378 ) (42,820 ) Total rental property revenues $ 439,624 $ — $ 439,624 Nine Months Ended September 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 151,479 $ — $ 151,479 Austin 79,516 — 79,516 Charlotte 69,316 — 69,316 Tampa 37,556 — 37,556 Phoenix 37,147 — 37,147 Other 3,238 997 4,235 Total segment revenues 378,252 997 379,249 Less Company's share of rental property revenues from unconsolidated joint ventures (34,488 ) (997 ) (35,485 ) Total rental property revenues $ 343,764 $ — $ 343,764

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 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 nine months ended September 30, 2018 , the Company capitalized $778,000 and $2.8 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 a 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 in the amount of $56.3 million on the condensed consolidated balance sheet. 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 expense associated with the ground lease 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)	9 Months Ended
Merger With Tier REIT, Inc. (Tables)	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of purchase price allocation	The purchase price was allocated as follows (in thousands): Real estate assets $ 2,186,719 Real estate assets held for sale 29,193 Cash and cash equivalents 84,042 Restricted cash 1,947 Notes and other receivables 7,447 Investment in unconsolidated joint ventures 349 Intangible assets 142,316 Other assets 10,039 2,462,052 Notes payable 747,549 Accounts payable and accrued expenses 48,030 Deferred income 8,388 Intangible liabilities 46,579 Other liabilities 7,796 Nonredeemable noncontrolling interests 5,348 863,690 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 condensed 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 September 30, Nine months ended September 30, 2019 2018 2019 2018 (unaudited, in thousands) Revenues $ 188,323 $ 176,711 $ 555,324 $ 521,945 Net income 21,740 44,218 110,188 30,829 Net income available to common stockholders 21,410 43,689 108,724 30,466

Transactions with Norfolk Sou_2

Transactions with Norfolk Southern Railway Company (Tables)	9 Months Ended
Transactions with Norfolk Southern Railway Company (Tables)	Sep. 30, 2019
Business Combinations [Abstract]
Summary of allocations of estimated fair values of assets and liabilities	The purchase price was allocated as follows (in thousands): Real estate assets $ 2,186,719 Real estate assets held for sale 29,193 Cash and cash equivalents 84,042 Restricted cash 1,947 Notes and other receivables 7,447 Investment in unconsolidated joint ventures 349 Intangible assets 142,316 Other assets 10,039 2,462,052 Notes payable 747,549 Accounts payable and accrued expenses 48,030 Deferred income 8,388 Intangible liabilities 46,579 Other liabilities 7,796 Nonredeemable noncontrolling interests 5,348 863,690 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)	9 Months Ended
Leases (Tables)	Sep. 30, 2019
Leases [Abstract]
Schedule of Future Minimum Payments on Operating Ground Leases	At September 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): September 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 818 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 202,604 3,838 $ 214,842 $ 11,648 Discount (155,027 ) (1,572 ) Lease liability $ 59,815 $ 10,076 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 September 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): September 30, 2019 Operating Ground Leases Finance Ground Leases 2019 $ 818 $ 462 2020 3,175 462 2021 2,959 6,562 2022 2,672 162 2023 2,614 162 Thereafter 202,604 3,838 $ 214,842 $ 11,648 Discount (155,027 ) (1,572 ) Lease liability $ 59,815 $ 10,076 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)	9 Months Ended
Investment in Unconsolidated Joint Ventures (Tables)	Sep. 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 September 30, 2019 and December 31, 2018 (in thousands). The information included in the summary of operations table is for the nine months ended September 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 $ 257,554 $ 258,060 $ 195,290 $ 198,732 $ 55,502 $ 50,539 $ 50,781 $ 48,571 DC Charlotte Plaza LLLP 184,544 155,530 — — 93,775 88,922 49,759 46,554 Austin 300 Colorado Project, LP 104,875 51,180 5,488 — 68,054 41,298 36,462 22,335 Carolina Square Holdings LP 114,486 106,187 75,514 74,638 25,860 28,844 15,221 16,840 AMCO 120 WT Holdings, LLC 70,163 36,680 — — 62,185 31,372 11,966 5,538 HICO Victory Center LP 15,382 15,069 — — 15,196 14,801 10,264 10,003 Charlotte Gateway Village, LLC 112,768 112,553 — — 108,176 109,666 7,480 8,225 CL Realty, L.L.C. 4,159 4,169 — — 4,039 4,183 2,814 2,886 Temco Associates, LLC 1,551 1,482 — — 1,448 1,379 953 919 TR 208 Nueces Member, LLC 3,176 — — — 1,396 — 349 — EP II LLC 247 247 — — 165 165 28 30 EP I LLC 461 461 — — 296 296 2 6 Wildwood Associates 11,105 11,157 — — 10,998 11,108 (512 ) (1) (460 ) (1) Crawford Long - CPI, LLC 29,052 26,429 68,347 69,522 (41,326 ) (44,146 ) (19,723 ) (1) (21,071 ) (1) $ 909,523 $ 779,204 $ 344,639 $ 342,892 $ 405,764 $ 338,427 $ 165,844 $ 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 $ 20,368 $ 20,043 $ 7,510 $ 7,792 $ 3,755 $ 3,896 Terminus Office Holdings LLC 34,964 33,545 4,962 4,424 2,381 2,276 DC Charlotte Plaza LLLP 10,716 — 4,196 — 2,098 — Crawford Long - CPI, LLC 9,412 9,381 2,821 2,631 1,349 1,254 HICO Victory Center LP 356 282 356 282 197 160 Austin 300 Colorado Project, LP 319 385 152 173 76 86 Temco Associates, LLC 128 128 61 58 35 32 Carolina Square Holdings LP 8,757 7,403 191 5 5 (173 ) AMCO 120 WT Holdings, LLC 5 — (81 ) (28 ) — — EP II LLC 1 — — (21 ) (1 ) (15 ) EP I LLC 3 27 — 1 (4 ) (5 ) Wildwood Associates — — (80 ) (1,108 ) (40 ) 2,739 CL Realty, L.L.C. — — (129 ) (116 ) (72 ) (71 ) Other — — — (14 ) — (6 ) $ 85,029 $ 71,194 $ 19,959 $ 14,079 $ 9,779 $ 10,173 (1) Negative balances are included in deferred income on the balance sheets.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
Intangible Assets (Tables)	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets on the balance sheets as of September 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 In-place leases, net of accumulated amortization of $162,263 and $125,130 in 2019 and 2018, respectively $ 204,023 $ 105,964 Above-market tenant leases, net of accumulated amortization of $24,649 and $19,502 in 2019 and 2018, respectively 32,332 20,453 Below-market ground lease, net of accumulated amortization of $828 and $621 in 2019 and 2018, respectively 17,584 17,792 Goodwill 1,674 1,674 $ 255,613 $ 145,883

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
Other Assets (Tables)	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	Other assets on the balance sheets as of September 30, 2019 and December 31, 2018 included the following (in thousands): 2019 2018 Predevelopment costs and earnest money $ 33,997 $ 8,249 Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $28,082 and $25,193 in 2019 and 2018, respectively 17,355 14,942 Prepaid expenses and other assets 9,603 5,087 Lease inducements, net of accumulated amortization of $2,111 and $1,545 in 2019 and 2018, respectively 5,423 4,961 Line of credit deferred financing costs, net of accumulated amortization of $2,576 and $1,451 in 2019 and 2018, respectively 4,892 5,844 $ 71,270 $ 39,083

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
Notes Payable (Tables)	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of terms of notes payable	The following table summarizes the terms of notes payable outstanding at September 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 3.22% 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 141,131 143,497 2019 Senior Notes, Unsecured 3.78% 2027 125,000 — Colorado Tower 3.45% 2026 117,677 119,427 2017 Senior Notes, Unsecured 4.09% 2027 100,000 100,000 Promenade 4.27% 2022 96,813 99,238 816 Congress 3.75% 2024 80,415 81,676 Credit Facility, Unsecured 3.07% 2023 80,000 — Legacy Union One 4.24% 2023 66,000 — Meridian Mark Plaza 6.00% 2020 23,117 23,524 $ 1,855,153 $ 1,067,362 Unamortized premium 2,335 — Unamortized loan costs (6,671 ) (4,792 ) Total Notes Payable $ 1,850,817 $ 1,062,570 (1) Weighted average maturity of notes payable outstanding at September 30, 2019 was 6.3 years .
Summary of interest recorded	For the three and nine months ended September 30, 2019 and 2018 , interest expense was recorded as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Total interest incurred $ 18,918 $ 11,087 $ 43,928 $ 33,064 Interest capitalized (4,218 ) (1,536 ) (6,349 ) (4,021 ) Total interest expense $ 14,700 $ 9,551 $ 37,579 $ 29,043

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 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 September 30, 2019 and December 31, 2018, respectively (in thousands): September 30, 2019 2019 $ 139,270 2020 572,471 2021 547,573 2022 496,473 2023 455,942 Thereafter 1,954,183 $ 4,165,912 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)	9 Months Ended
Earnings Per Share (Tables)	Sep. 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 nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Earnings per Common Share - basic: Numerator: Net income $ 20,692 $ 19,859 $ 34,115 $ 58,014 Net income attributable to noncontrolling interests in CPLP from continuing operations (241 ) (326 ) (564 ) (1,023 ) Net income attributable to other noncontrolling interests (77 ) (48 ) (245 ) (187 ) Net income available to common stockholders $ 20,374 $ 19,485 $ 33,306 $ 56,804 Denominator: Weighted average common shares - basic 146,762 105,096 121,758 105,069 Net income per common share - basic $ 0.14 $ 0.19 $ 0.27 $ 0.54 Earnings per common share - diluted: Numerator: Net income $ 20,692 $ 19,859 $ 34,115 $ 58,014 Net income attributable to other noncontrolling interests (77 ) (48 ) (245 ) (187 ) Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP $ 20,615 $ 19,811 $ 33,870 $ 57,827 Denominator: Weighted average common shares - basic 146,762 105,096 121,758 105,069 Add: Potential dilutive common shares - stock options 24 40 27 54 Weighted average units of CPLP convertible into common shares 1,744 1,744 1,744 1,744 Weighted average common shares - diluted 148,530 106,880 123,529 106,867 Net income per common share - diluted $ 0.14 $ 0.19 $ 0.27 $ 0.54 Anti-dilutive stock options outstanding — — — 2

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - Supplemental Information (Tables)	9 Months Ended
	Sep. 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 condensed consolidated statement of cash flows, for the nine months ended September 30, 2019 and 2018 is as follows (in thousands): 2019 2018 Interest paid $ 39,592 $ 31,601 Non-Cash Transactions: Non-cash assets and liabilities assumed in TIER transaction 1,512,373 — Ground lease right-of-use assets and associated liabilities 56,294 — Common stock dividends declared and accrued 42,567 27,364 Change in accrued property, acquisition, development, and tenant expenditures 22,599 21,920 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): September 30, 2019 December 31, 2018 Cash and cash equivalents $ 12,396 $ 2,547 Restricted cash 2,268 148 Total cash, cash equivalents, and restricted cash $ 14,664 $ 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): September 30, 2019 December 31, 2018 Cash and cash equivalents $ 12,396 $ 2,547 Restricted cash 2,268 148 Total cash, cash equivalents, and restricted cash $ 14,664 $ 2,695

Reportable Segments (Tables)

Reportable Segments (Tables)	9 Months Ended
Reportable Segments (Tables)	Sep. 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 nine months ended September 30, 2019 and 2018 are as follows (in thousands): Three Months Ended September 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 38,926 $ — $ 38,926 Austin 29,452 — 29,452 Charlotte 21,692 — 21,692 Dallas 3,416 — 3,416 Phoenix 8,913 — 8,913 Tampa 8,309 — 8,309 Other 9,266 668 9,934 Total Net Operating Income $ 119,974 $ 668 $ 120,642 Three Months Ended September 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 32,296 $ — $ 32,296 Austin 15,180 — 15,180 Charlotte 15,924 — 15,924 Phoenix 9,265 — 9,265 Tampa 7,446 — 7,446 Other 310 437 747 Total Net Operating Income $ 80,421 $ 437 $ 80,858 Nine Months Ended September 30, 2019 Office Mixed-Use Total Net Operating Income: Atlanta $ 115,692 $ — $ 115,692 Austin 63,977 — 63,977 Charlotte 55,550 — 55,550 Dallas 4,086 — 4,086 Phoenix 27,694 — 27,694 Tampa 24,869 — 24,869 Other 11,678 2,244 13,922 Total Net Operating Income $ 303,546 $ 2,244 $ 305,790 Nine Months Ended September 30, 2018 Office Mixed-Use Total Net Operating Income: Atlanta $ 96,639 $ — $ 96,639 Austin 45,209 — 45,209 Charlotte 47,197 — 47,197 Phoenix 27,119 — 27,119 Tampa 22,816 — 22,816 Other 1,183 1,468 2,651 Total Net Operating Income $ 240,163 $ 1,468 $ 241,631 The following reconciles Net Operating Income to Net Income for each of the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net Operating Income $ 120,642 $ 80,858 $ 305,790 $ 241,631 Net operating income from unconsolidated joint ventures (9,037 ) (6,994 ) (26,289 ) (21,643 ) Fee income 7,494 2,519 23,298 7,211 Termination fee income 3,575 276 4,285 1,275 Other income 3 468 154 1,561 Reimbursed expenses (1,290 ) (955 ) (3,269 ) (2,757 ) General and administrative expenses (5,852 ) (3,913 ) (25,686 ) (18,793 ) Interest expense (14,700 ) (9,551 ) (37,579 ) (29,043 ) Depreciation and amortization (82,012 ) (45,068 ) (178,777 ) (135,836 ) Acquisition and transaction costs (1,048 ) — (50,878 ) (228 ) Other expenses (297 ) (93 ) (1,101 ) (457 ) Income from unconsolidated joint ventures 3,241 2,252 9,779 10,173 Gain (loss) on sale of investment properties (27 ) (33 ) 14,388 4,912 Gain on extinguishment of debt — 93 — 8 Net Income $ 20,692 $ 19,859 $ 34,115 $ 58,014
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 nine months ended September 30, 2019 and 2018 are as follows (in thousands): Three Months Ended September 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 60,486 $ — $ 60,486 Austin 50,614 — 50,614 Charlotte 34,762 — 34,762 Dallas 4,274 — 4,274 Phoenix 12,754 — 12,754 Tampa 14,335 — 14,335 Other 17,290 1,101 18,391 Total segment revenues 194,515 1,101 195,616 Less Company's share of rental property revenues from unconsolidated joint ventures (13,689 ) (1,101 ) (14,790 ) Total rental property revenues $ 180,826 $ — $ 180,826 Three Months Ended September 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 51,248 $ — $ 51,248 Austin 26,493 — 26,493 Charlotte 23,274 — 23,274 Tampa 12,857 — 12,857 Phoenix 12,228 — 12,228 Other 1,104 429 1,533 Total segment revenues 127,204 429 127,633 Less Company's share of rental property revenues from unconsolidated joint ventures (11,485 ) (429 ) (11,914 ) Total rental property revenues $ 115,719 $ — $ 115,719 Nine Months Ended September 30, 2019 Office Mixed-Use Total Revenues: Atlanta $ 177,455 $ — $ 177,455 Austin 110,521 — 110,521 Charlotte 85,258 — 85,258 Dallas 5,078 — 5,078 Phoenix 38,562 — 38,562 Tampa 40,776 — 40,776 Other 21,416 3,378 24,794 Total segment revenues 479,066 3,378 482,444 Less Company's share of rental property revenues from unconsolidated joint ventures (39,442 ) (3,378 ) (42,820 ) Total rental property revenues $ 439,624 $ — $ 439,624 Nine Months Ended September 30, 2018 Office Mixed-Use Total Revenues: Atlanta $ 151,479 $ — $ 151,479 Austin 79,516 — 79,516 Charlotte 69,316 — 69,316 Tampa 37,556 — 37,556 Phoenix 37,147 — 37,147 Other 3,238 997 4,235 Total segment revenues 378,252 997 379,249 Less Company's share of rental property revenues from unconsolidated joint ventures (34,488 ) (997 ) (35,485 ) Total rental property revenues $ 343,764 $ — $ 343,764

Description of Business and B_3

Description of Business and Basis of Presentation (Description of Business) (Details)	9 Months Ended
	Sep. 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)	Jun. 14, 2019shares	Sep. 30, 2019shares	Dec. 31, 2018shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reverse stock split ratio	250
Common stock, shares authorized	175,000,000	300,000,000	175,000,000

Description of Business and B_5

Description of Business and Basis of Presentation (Recently Issued Accounting Standards) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2019	Jan. 01, 2019	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized indirect leasing costs	$ 778	$ 2,800
Right of use asset			$ 69,500
Lease liability			$ 59,815
Weighted average discount rate			4.50%	4.49%
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 ($)shares	Mar. 25, 2019	Sep. 30, 2019USD ($)	Sep. 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			$ 1	$ 50.9
TIER \| Rental property revenues
Business Acquisition [Line Items]
Amount reported in consolidated revenue			$ 52.1	$ 61.7
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	$ 2,186,719
Real estate assets held for sale	29,193
Cash and cash equivalents	84,042
Restricted cash	1,947
Notes and other receivables	7,447
Investment in unconsolidated joint ventures	349
Intangible assets	142,316
Other assets	10,039
Assets	2,462,052
Notes payable	747,549
Accounts payable and accrued expenses	48,030
Deferred income	8,388
Intangible liabilities	46,579
Other liabilities	7,796
Nonredeemable noncontrolling interests	5,348
Liabilities	863,690
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Business Combinations [Abstract]
Revenues	$ 188,323	$ 176,711	$ 555,324	$ 521,945
Net income	21,740	44,218	110,188	30,829
Net income available to common stockholders	$ 21,410	$ 43,689	$ 108,724	$ 30,466

Transactions with Norfolk Sou_3

Transactions with Norfolk Southern Railway Company (Additional Information) (Details) - USD ($)	Mar. 01, 2019	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2019	Sep. 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				$ 58,968,000	$ 0
Assets		$ 6,704,120,000		6,704,120,000		$ 4,146,296,000
Contract price that is expected to be recognized as revenue	$ 52,300,000
1200 Peachtree
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	92,300,000
Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased			$ 6,500,000			$ 37,000,000
Site Preparation Work
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased			$ 4,000,000
NS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue recognized		$ 5,600,000		$ 17,200,000
NS \| 1200 Peachtree
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase of a building	$ 82,000,000
Lease term	3 years
Discount on service contract price	$ 10,300,000
Gain or loss on derecognition of non financial asset fair value	0
Consideration for the various services component	52,300,000
NS \| Fees for development services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	5,000,000
NS \| Fees for consulting services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	32,000,000
NS \| Development agreement \| 1200 Peachtree
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	5,000,000
NS \| Consulting agreement \| 1200 Peachtree
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	32,000,000
NS \| Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property	52,500,000
Gain from sale of property	5,000,000
NS \| Land \| 1200 Peachtree
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	$ 5,000,000

Transactions with Norfolk Sou_4

Transactions with Norfolk Southern Railway Company (Allocation of Estimated Fair Values of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Mar. 01, 2019	Dec. 31, 2018
Intangible assets:
Total assets	$ 6,704,120		$ 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	9 Months Ended
Leases (Additional Information) (Details)	Sep. 30, 2019USD ($)property	Sep. 30, 2019USD ($)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	$ 69,500,000	$ 69,500,000
Lease liability	$ 70,100,000	$ 70,100,000
Weighted average discount rate	4.50%	4.50%	4.49%
Lease expense	$ 1,100,000	$ 2,800,000
Variable lease expense	0	0
Interest expense related to finance lease	115,000	347,000
Operating lease payments	478,000	1,400,000
Finance lease payments	$ 0	$ 0

Leases (Future Minimum Payments

Leases (Future Minimum Payments) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating Ground Leases
2019	$ 818
2020	3,175
2021	2,959
2022	2,672
2023	2,614
Thereafter	202,604
Total minimum payments	214,842
Discount	(155,027)
Lease liability	59,815
2019		$ 2,441
2020		2,460
2021		2,497
2022		2,497
2023		2,497
Thereafter		202,603
Total minimum payments	333	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	(1,572)
Lease liability	$ 10,076
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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
SUMMARY OF FINANCIAL POSITION:
Total Assets	$ 909,523		$ 779,204
Total Debt	344,639		342,892
Total Equity	405,764		338,427
Company’s Investment	165,844		140,376
SUMMARY OF OPERATIONS:
Total Revenues	85,029	$ 71,194
Net Income (Loss)	19,959	14,079
Company's Share of Income (Loss)	9,779	10,173
Terminus Office Holdings LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	257,554		258,060
Total Debt	195,290		198,732
Total Equity	55,502		50,539
Company’s Investment	50,781		48,571
SUMMARY OF OPERATIONS:
Total Revenues	34,964	33,545
Net Income (Loss)	4,962	4,424
Company's Share of Income (Loss)	2,381	2,276
DC Charlotte Plaza LLLP
SUMMARY OF FINANCIAL POSITION:
Total Assets	184,544		155,530
Total Debt	0		0
Total Equity	93,775		88,922
Company’s Investment	49,759		46,554
SUMMARY OF OPERATIONS:
Total Revenues	10,716	0
Net Income (Loss)	4,196	0
Company's Share of Income (Loss)	2,098	0
Austin 300 Colorado Project, LP
SUMMARY OF FINANCIAL POSITION:
Total Assets	104,875		51,180
Total Debt	5,488		0
Total Equity	68,054		41,298
Company’s Investment	36,462		22,335
SUMMARY OF OPERATIONS:
Total Revenues	319	385
Net Income (Loss)	152	173
Company's Share of Income (Loss)	76	86
Carolina Square Holdings LP
SUMMARY OF FINANCIAL POSITION:
Total Assets	114,486		106,187
Total Debt	75,514		74,638
Total Equity	25,860		28,844
Company’s Investment	15,221		16,840
SUMMARY OF OPERATIONS:
Total Revenues	8,757	7,403
Net Income (Loss)	191	5
Company's Share of Income (Loss)	5	(173)
AMCO 120 WT Holdings, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	70,163		36,680
Total Debt	0		0
Total Equity	62,185		31,372
Company’s Investment	11,966		5,538
SUMMARY OF OPERATIONS:
Total Revenues	5	0
Net Income (Loss)	(81)	(28)
Company's Share of Income (Loss)	0	0
HICO Victory Center LP
SUMMARY OF FINANCIAL POSITION:
Total Assets	15,382		15,069
Total Debt	0		0
Total Equity	15,196		14,801
Company’s Investment	10,264		10,003
SUMMARY OF OPERATIONS:
Total Revenues	356	282
Net Income (Loss)	356	282
Company's Share of Income (Loss)	197	160
Charlotte Gateway Village, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	112,768		112,553
Total Debt	0		0
Total Equity	108,176		109,666
Company’s Investment	7,480		8,225
SUMMARY OF OPERATIONS:
Total Revenues	20,368	20,043
Net Income (Loss)	7,510	7,792
Company's Share of Income (Loss)	3,755	3,896
CL Realty, L.L.C.
SUMMARY OF FINANCIAL POSITION:
Total Assets	4,159		4,169
Total Debt	0		0
Total Equity	4,039		4,183
Company’s Investment	2,814		2,886
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	(129)	(116)
Company's Share of Income (Loss)	(72)	(71)
Temco Associates, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	1,551		1,482
Total Debt	0		0
Total Equity	1,448		1,379
Company’s Investment	953		919
SUMMARY OF OPERATIONS:
Total Revenues	128	128
Net Income (Loss)	61	58
Company's Share of Income (Loss)	35	32
TR 208 Nueces Member, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	3,176		0
Total Debt	0		0
Total Equity	1,396		0
Company’s Investment	349		0
EP II LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	247		247
Total Debt	0		0
Total Equity	165		165
Company’s Investment	28		30
SUMMARY OF OPERATIONS:
Total Revenues	1	0
Net Income (Loss)	0	(21)
Company's Share of Income (Loss)	(1)	(15)
EP I LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	461		461
Total Debt	0		0
Total Equity	296		296
Company’s Investment	2		6
SUMMARY OF OPERATIONS:
Total Revenues	3	27
Net Income (Loss)	0	1
Company's Share of Income (Loss)	(4)	(5)
Wildwood Associates
SUMMARY OF FINANCIAL POSITION:
Total Assets	11,105		11,157
Total Debt	0		0
Total Equity	10,998		11,108
Company’s Investment	(512)		(460)
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	(80)	(1,108)
Company's Share of Income (Loss)	(40)	2,739
Crawford Long - CPI, LLC
SUMMARY OF FINANCIAL POSITION:
Total Assets	29,052		26,429
Total Debt	68,347		69,522
Total Equity	(41,326)		(44,146)
Company’s Investment	(19,723)		$ (21,071)
SUMMARY OF OPERATIONS:
Total Revenues	9,412	9,381
Net Income (Loss)	2,821	2,631
Company's Share of Income (Loss)	1,349	1,254
Other
SUMMARY OF OPERATIONS:
Total Revenues	0	0
Net Income (Loss)	0	(14)
Company's Share of Income (Loss)	$ 0	$ (6)

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Ventures (Additional Information) (Details) - USD ($) $ in Thousands	Oct. 01, 2019	Sep. 30, 2019	Dec. 31, 2018
Investment [Line Items]
Investment value		$ 186,079	$ 161,907
Subsequent Event \| Terminus Office Holdings LLC
Investment [Line Items]
Net purchase price	$ 148,000
Investment value	503,000
Gain from purchase of partner's interest	$ 94,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,674	$ 1,674
Total intangible assets	255,613	145,883
In-place Leases
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	204,023	105,964
Accumulated amortization	162,263	125,130
Above-market Tenant Leases
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	32,332	20,453
Accumulated amortization	24,649	19,502
Below-market Ground Lease
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	17,584	17,792
Accumulated amortization	$ 828	$ 621

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Predevelopment costs and earnest money	$ 33,997	$ 8,249
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $28,082 and $25,193 in 2019 and 2018, respectively	17,355	14,942
Prepaid expenses and other assets	9,603	5,087
Lease inducements, net of accumulated amortization of $2,111 and $1,545 in 2019 and 2018, respectively	5,423	4,961
Line of credit deferred financing costs, net of accumulated amortization of $2,576 and $1,451 in 2019 and 2018, respectively	4,892	5,844
Total other assets	71,270	39,083
Accumulated depreciation of furniture, fixtures and equipment, leasehold improvements, and other deferred costs	28,082	25,193
Accumulated amortization of lease inducements	2,111	1,545
Accumulated amortization of line of credit deferred financing costs	$ 2,576	$ 1,451

Notes Payable (Terms of Notes P

Notes Payable (Terms of Notes Payable) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes Payable, Gross	$ 1,855,153	$ 1,067,362
Unamortized premium	2,335	0
Unamortized loan costs	(6,671)	(4,792)
Total Notes Payable	$ 1,850,817	1,062,570
Weighted average maturity of notes payable	6 years 3 months 18 days
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 \| 3.86% 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	3.22%
Notes Payable, Gross	$ 250,000	250,000
Mortgage Debt \| Fifth Third Center
Debt Instrument [Line Items]
Interest Rate	3.37%
Notes Payable, Gross	$ 141,131	143,497
Mortgage Debt \| Colorado Tower
Debt Instrument [Line Items]
Interest Rate	3.45%
Notes Payable, Gross	$ 117,677	119,427
Mortgage Debt \| Promenade
Debt Instrument [Line Items]
Interest Rate	4.27%
Notes Payable, Gross	$ 96,813	99,238
Mortgage Debt \| 816 Congress
Debt Instrument [Line Items]
Interest Rate	3.75%
Notes Payable, Gross	$ 80,415	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	$ 23,117	23,524
Credit Facility, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.07%
Notes Payable, Gross	$ 80,000	$ 0

Notes Payable (Credit Facility)

Notes Payable (Credit Facility) (Details) - Credit Facility	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,000,000,000	$ 1,000,000,000
Minimum fixed charge coverage ratio		1.50
Available borrowing capacity	$ 920,000,000	$ 920,000,000
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%	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	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Debt Instrument [Line Items]
Unsecured term loan	$ 250,000,000	$ 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) - Unsecured Senior Notes	9 Months Ended
	Sep. 30, 2019USD ($)tranche
Debt Instrument [Line Items]
Debt amount	$ 1,000,000,000
Number of tranches \| tranche	5
Minimum fixed charge coverage ratio	1.50
Minimum
Debt Instrument [Line Items]
Minimum unencumbered interest coverage ratio	1.75
Maximum
Debt Instrument [Line Items]
Leverage ratio (percent)	60.00%
Secured leverage ratio (percent)	40.00%
4.09% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 100,000,000
Interest rate	4.09%
3.91% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 250,000,000
Interest rate	3.91%
3.78% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 125,000,000
Interest rate	3.78%
3.86% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 250,000,000
Interest rate	3.86%
3.95% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 275,000,000
Interest rate	3.95%

Notes Payable (Other Debt Infor

Notes Payable (Other Debt Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Debt Disclosure [Abstract]
Notes payable, fair value	$ 1,900,000		$ 1,900,000		$ 1,100,000
Total interest incurred	18,918	$ 11,087	43,928	$ 33,064
Interest capitalized	(4,218)	(1,536)	(6,349)	(4,021)
Total interest expense	$ 14,700	$ 9,551	$ 37,579	$ 29,043

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit and performance bonds	$ 487
Future obligations under leases to fund tenant improvements and other future construction obligations	206,600
Future obligations under ground and other operating leases	$ 333	$ 214,995

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) $ in Thousands	3 Months Ended			9 Months Ended
Stock-Based Compensation (Details) $ in Thousands	Sep. 30, 2019USD ($)award	Jun. 30, 2019USD ($)shares	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)awardshares	Sep. 30, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense \| $	$ 67		$ 403	$ 6,700	$ 6,400
Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense \| $		$ 1,400
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 Recognition (Additional

Revenue Recognition (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 188,323	$ 118,706	$ 463,076	$ 352,536
Rental property revenues
Disaggregation of Revenue [Line Items]
Variable rental revenue	53,900		122,800
Revenues	180,826	115,719	439,624	343,764
Fees and other
Disaggregation of Revenue [Line Items]
Revenues	$ 7,500	$ 3,000	$ 23,500	$ 8,800

Revenue Recognition (Future Min

Revenue Recognition (Future Minimum Payments to be Received) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2019	$ 139,270
2020	572,471
2021	547,573
2022	496,473
2023	455,942
Thereafter	1,954,183
Total future minimum payments to be received	$ 4,165,912
Operating Leases, Future Minimum Payments Receivable [Abstract]
2019		$ 328,607
2020		330,477
2021		314,410
2022		280,959
2023		256,233
Thereafter		1,115,490
Total future minimum payments to be received		$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income	$ 20,692	$ 19,859	$ 34,115	$ 58,014
Net income available to common stockholders	$ 20,374	$ 19,485	$ 33,306	$ 56,804
Denominator:
Weighted average common shares - basic (in shares)	146,762	105,096	121,758	105,069
Net income per common share - basic (in usd per share)	$ 0.14	$ 0.19	$ 0.27	$ 0.54
Numerator:
Net income	$ 20,692	$ 19,859	$ 34,115	$ 58,014
Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP	$ 20,615	$ 19,811	$ 33,870	$ 57,827
Denominator:
Weighted average shares — basic (in shares)	146,762	105,096	121,758	105,069
Add:
Potential dilutive common shares - stock options (in shares)	24	40	27	54
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)	148,530	106,880	123,529	106,867
Net income per common share - diluted (in usd per share)	$ 0.14	$ 0.19	$ 0.27	$ 0.54
Stock Option
Add:
Anti-dilutive stock options outstanding (in shares)	0	0	0	2
CPLP
Numerator:
Net income attributable to other noncontrolling interests	$ (241)	$ (326)	$ (564)	$ (1,023)
Numerator:
Net income attributable to other noncontrolling interests	(241)	(326)	(564)	(1,023)
Other Noncontrolling Interests
Numerator:
Net income attributable to other noncontrolling interests	(77)	(48)	(245)	(187)
Numerator:
Net income attributable to other noncontrolling interests	$ (77)	$ (48)	$ (245)	$ (187)

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows - Supplemental Information (Supplemental Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 39,592	$ 31,601
Non-Cash Transactions:
Non-cash assets and liabilities assumed in TIER transaction	1,512,373	0
Ground lease right-of-use assets and associated liabilities	56,294	0
Common stock dividends declared and accrued	42,567	27,364
Change in accrued property, acquisition, development, and tenant expenditures	22,599	21,920
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

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows - Supplemental Information (Reconciliation of Cash) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 12,396	$ 2,547
Restricted cash	2,268	148
Total cash, cash equivalents, and restricted cash	$ 14,664	$ 2,695	$ 83,125	$ 205,745

Reportable Segments (Net Operat

Reportable Segments (Net Operating Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net Operating Income	$ 120,642	$ 80,858	$ 305,790	$ 241,631
Atlanta
Segment Reporting Information [Line Items]
Net Operating Income	38,926	32,296	115,692	96,639
Austin
Segment Reporting Information [Line Items]
Net Operating Income	29,452	15,180	63,977	45,209
Charlotte
Segment Reporting Information [Line Items]
Net Operating Income	21,692	15,924	55,550	47,197
Dallas
Segment Reporting Information [Line Items]
Net Operating Income	3,416		4,086
Phoenix
Segment Reporting Information [Line Items]
Net Operating Income	8,913	9,265	27,694	27,119
Tampa
Segment Reporting Information [Line Items]
Net Operating Income	8,309	7,446	24,869	22,816
Other
Segment Reporting Information [Line Items]
Net Operating Income	9,934	747	13,922	2,651
Office
Segment Reporting Information [Line Items]
Net Operating Income	119,974	80,421	303,546	240,163
Office \| Atlanta
Segment Reporting Information [Line Items]
Net Operating Income	38,926	32,296	115,692	96,639
Office \| Austin
Segment Reporting Information [Line Items]
Net Operating Income	29,452	15,180	63,977	45,209
Office \| Charlotte
Segment Reporting Information [Line Items]
Net Operating Income	21,692	15,924	55,550	47,197
Office \| Dallas
Segment Reporting Information [Line Items]
Net Operating Income	3,416		4,086
Office \| Phoenix
Segment Reporting Information [Line Items]
Net Operating Income	8,913	9,265	27,694	27,119
Office \| Tampa
Segment Reporting Information [Line Items]
Net Operating Income	8,309	7,446	24,869	22,816
Office \| Other
Segment Reporting Information [Line Items]
Net Operating Income	9,266	310	11,678	1,183
Mixed-Use
Segment Reporting Information [Line Items]
Net Operating Income	668	437	2,244	1,468
Mixed-Use \| Atlanta
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Mixed-Use \| Austin
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Mixed-Use \| Charlotte
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Mixed-Use \| Dallas
Segment Reporting Information [Line Items]
Net Operating Income	0		0
Mixed-Use \| Phoenix
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Mixed-Use \| Tampa
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Mixed-Use \| Other
Segment Reporting Information [Line Items]
Net Operating Income	$ 668	$ 437	$ 2,244	$ 1,468

Reportable Segments (Reconcilia

Reportable Segments (Reconciliation of Net Income to Net Operating Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net Operating Income	$ 120,642	$ 80,858	$ 305,790	$ 241,631
Net operating income from unconsolidated joint ventures	(9,037)	(6,994)	(26,289)	(21,643)
Revenues	188,323	118,706	463,076	352,536
Reimbursed expenses	(1,290)	(955)	(3,269)	(2,757)
General and administrative expenses	(5,852)	(3,913)	(25,686)	(18,793)
Interest expense	(14,700)	(9,551)	(37,579)	(29,043)
Depreciation and amortization	(82,012)	(45,068)	(178,777)	(135,836)
Acquisition and transaction costs	(1,048)	0	(50,878)	(228)
Other expenses	(297)	(93)	(1,101)	(457)
Income from unconsolidated joint ventures	3,241	2,252	9,779	10,173
Gain (loss) on sale of investment properties	(27)	(33)	14,388	4,912
Gain on extinguishment of debt	0	93	0	8
Net income	20,692	19,859	34,115	58,014
Fee income
Segment Reporting Information [Line Items]
Revenues	7,494	2,519	23,298	7,211
Termination fee income
Segment Reporting Information [Line Items]
Revenues	3,575	276	4,285	1,275
Other
Segment Reporting Information [Line Items]
Revenues	$ 3	$ 468	$ 154	$ 1,561

Reportable Segments (Segment Re

Reportable Segments (Segment Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 188,323	$ 118,706	$ 463,076	$ 352,536
Rental property revenues
Segment Reporting Information [Line Items]
Revenues	180,826	115,719	439,624	343,764
Rental property revenues \| Office
Segment Reporting Information [Line Items]
Revenues	180,826	115,719	439,624	343,764
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	195,616	127,633	482,444	379,249
Rental property revenues \| Operating segments \| Atlanta
Segment Reporting Information [Line Items]
Revenues	60,486	51,248	177,455	151,479
Rental property revenues \| Operating segments \| Austin
Segment Reporting Information [Line Items]
Revenues	50,614	26,493	110,521	79,516
Rental property revenues \| Operating segments \| Charlotte
Segment Reporting Information [Line Items]
Revenues	34,762	23,274	85,258	69,316
Rental property revenues \| Operating segments \| Dallas
Segment Reporting Information [Line Items]
Revenues	4,274		5,078
Rental property revenues \| Operating segments \| Phoenix
Segment Reporting Information [Line Items]
Revenues	12,754	12,228	38,562	37,147
Rental property revenues \| Operating segments \| Tampa
Segment Reporting Information [Line Items]
Revenues	14,335	12,857	40,776	37,556
Rental property revenues \| Operating segments \| Other
Segment Reporting Information [Line Items]
Revenues	18,391	1,533	24,794	4,235
Rental property revenues \| Operating segments \| Office
Segment Reporting Information [Line Items]
Revenues	194,515	127,204	479,066	378,252
Rental property revenues \| Operating segments \| Office \| Atlanta
Segment Reporting Information [Line Items]
Revenues	60,486	51,248	177,455	151,479
Rental property revenues \| Operating segments \| Office \| Austin
Segment Reporting Information [Line Items]
Revenues	50,614	26,493	110,521	79,516
Rental property revenues \| Operating segments \| Office \| Charlotte
Segment Reporting Information [Line Items]
Revenues	34,762	23,274	85,258	69,316
Rental property revenues \| Operating segments \| Office \| Dallas
Segment Reporting Information [Line Items]
Revenues	4,274		5,078
Rental property revenues \| Operating segments \| Office \| Phoenix
Segment Reporting Information [Line Items]
Revenues	12,754	12,228	38,562	37,147
Rental property revenues \| Operating segments \| Office \| Tampa
Segment Reporting Information [Line Items]
Revenues	14,335	12,857	40,776	37,556
Rental property revenues \| Operating segments \| Office \| Other
Segment Reporting Information [Line Items]
Revenues	17,290	1,104	21,416	3,238
Rental property revenues \| Operating segments \| Mixed-Use
Segment Reporting Information [Line Items]
Revenues	1,101	429	3,378	997
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	1,101	429	3,378	997
Rental property revenues \| Segment reconciling items
Segment Reporting Information [Line Items]
Revenues	(14,790)	(11,914)	(42,820)	(35,485)
Rental property revenues \| Segment reconciling items \| Office
Segment Reporting Information [Line Items]
Revenues	(13,689)	(11,485)	(39,442)	(34,488)
Rental property revenues \| Segment reconciling items \| Mixed-Use
Segment Reporting Information [Line Items]
Revenues	$ (1,101)	$ (429)	$ (3,378)	$ (997)

Uncategorized Items - form10-qs

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