Cousins Properties (CUZ) 10-K 9 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 03, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-11312
Entity Registrant Name	COUSINS PROPERTIES INC
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)
Trading Symbol	CUZ
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 4,456,109,057
Entity Common Stock, Shares Outstanding		151,531,398
Documents Incorporated by Reference	Portions of the Registrant’s proxy statement for the annual stockholders meeting to be held on April 25, 2023 are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0000025232
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Atlanta, Georgia

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real estate assets:
Operating properties, net of accumulated depreciation of $1,079,662 and $874,988 in 2022 and 2021, respectively	$ 6,738,354	$ 6,506,910
Projects under development	111,400	174,803
Land	158,430	157,681
Total properties	7,008,184	6,839,394
Cash and cash equivalents	5,145	8,937
Restricted cash	0	1,231
Accounts receivable	8,653	12,553
Deferred rents receivable	184,043	154,866
Investment in unconsolidated joint ventures	112,839	77,811
Intangible assets, net	136,240	168,553
Other assets, net	81,912	48,689
Total assets	7,537,016	7,312,034
Liabilities:
Notes payable	2,334,606	2,237,509
Accounts payable and accrued expenses	271,103	224,523
Deferred income	128,636	74,515
Intangible liabilities, net	52,280	63,223
Other liabilities	103,442	111,864
Total liabilities	2,890,067	2,711,634
Commitments and contingencies
Stockholders' investment:
Common stock, $1 par value per share, 300,000,000 shares authorized, 154,019,214 and 151,272,969 issued and 151,457,190 and 148,688,036 outstanding in 2022 and 2021, respectively	154,019	151,273
Additional paid-in capital	5,630,327	5,549,308
Treasury stock at cost, 2,562,024 and 2,584,933 shares in 2022 and 2021, respectively	(147,157)	(148,473)
Distributions in excess of cumulative net income	(1,013,292)	(985,338)
Accumulated other comprehensive income	1,767	0
Total stockholders' investment	4,625,664	4,566,770
Nonredeemable noncontrolling interests	21,285	33,630
Total equity	4,646,949	4,600,400
Total liabilities and equity	$ 7,537,016	$ 7,312,034
Common stock, shares outstanding (in shares)	151,457,190	148,688,036

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Real estate assets, accumulated depreciation	$ 1,079,662	$ 874,988
Common stock, par value (in usd per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	154,019,214	151,272,969
Common stock, shares outstanding (in shares)	151,457,190	148,688,036
Treasury stock, shares (in shares)	2,562,024	2,584,933

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total Revenues	$ 762,290	$ 755,073	$ 740,340
Expenses:
Rental property operating expenses	258,371	259,461	250,850
Reimbursed expenses	2,024	2,476	1,580
General and administrative expenses	28,319	29,321	27,034
Interest expense	72,537	67,027	60,605
Impairment	0	0	14,829
Depreciation and amortization	295,587	288,092	288,648
Transaction costs	0	0	428
Other	2,134	2,131	2,091
Total costs and expenses	658,972	648,508	646,065
Income from unconsolidated joint ventures	7,700	6,801	7,947
Gain on sales of investments in unconsolidated joint ventures	56,267	13,083	45,767
Gain (loss) on investment property transactions	(9)	152,547	90,125
Gain on extinguishment of debt	169	0	0
Net income	167,445	278,996	238,114
Net income attributable to noncontrolling interests	(652)	(410)	(836)
Net income available to common stockholders	$ 166,793	$ 278,586	$ 237,278
Net income per common share — basic (in usd per share)	$ 1.11	$ 1.87	$ 1.60
Net income per common share — diluted (in usd per share)	$ 1.11	$ 1.87	$ 1.60
Weighted average shares — basic (in shares)	150,113	148,666	148,277
Weighted average shares — diluted (in shares)	150,419	148,891	148,636
Dividends declared per common share (in usd per share)	$ 1.28	$ 1.24	$ 1.20
Rental property revenues
Revenues:
Total Revenues	$ 753,511	$ 739,063	$ 721,883
Fee income
Revenues:
Total Revenues	6,119	15,559	18,226
Other
Revenues:
Total Revenues	$ 2,660	$ 451	$ 231

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Comprehensive income:
Net income available to common stockholders	$ 166,793	$ 278,586	$ 237,278
Other comprehensive income:
Unrealized gains on cash flow hedges	1,063	0	0
Amortization of cash flow hedges	704	0	0
Total other comprehensive income	1,767	0	0
Total comprehensive income	$ 168,560	$ 278,586	$ 237,278

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Treasury Stock	Distributions in Excess of Cumulative Net Income	Accumulated Other Comprehensive Income	Stockholders’ Investment	Nonredeemable Noncontrolling Interests
Beginning balance at Dec. 31, 2019	$ 4,427,835	$ 1,717	$ 149,347	$ 5,493,883	$ (148,473)	$ (1,137,200)	$ 0	$ 4,359,274	$ 68,561
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	238,114					237,278		237,278	836
Other comprehensive income	0
Common stock issued pursuant to stock based compensation	(307)		90	(397)				(307)
Common stock issued pursuant to unitholder redemption	0	(1,717)	1,719	45,032				45,034	(45,034)
Amortization of stock based compensation, net of forfeitures	4,237		(7)	4,244				4,237
Contributions from noncontrolling interests	5,197								5,197
Distributions to noncontrolling interests	(1,156)								(1,156)
Common dividends	(178,382)					(178,382)		(178,382)
Ending balance at Dec. 31, 2020	4,495,538	0	151,149	5,542,762	(148,473)	(1,078,304)	0	4,467,134	28,404
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	278,996					278,586		278,586	410
Other comprehensive income	0
Common stock issued pursuant to stock based compensation	552		126	426				552
Amortization of stock based compensation, net of forfeitures	6,118		(2)	6,120				6,118
Contributions from noncontrolling interests	6,154								6,154
Distributions to noncontrolling interests	(1,338)								(1,338)
Common dividends	(185,620)					(185,620)		(185,620)
Ending balance at Dec. 31, 2021	4,600,400	0	151,273	5,549,308	(148,473)	(985,338)	0	4,566,770	33,630
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	167,445					166,793		166,793	652
Other comprehensive income	1,767						1,767	1,767
Common stock sold, net of issuance costs	103,120		2,632	100,488				103,120
Common stock issued pursuant to stock based compensation	1,124		120	(312)	1,316			1,124
Amortization of stock based compensation, net of forfeitures	8,475		(6)	8,481				8,475
Acquisition of partners' noncontrolling interest	(43,387)			(27,638)				(27,638)	(15,749)
Contributions from noncontrolling interests	2,866								2,866
Distributions to noncontrolling interests	(114)								(114)
Common dividends	(194,747)					(194,747)		(194,747)
Ending balance at Dec. 31, 2022	$ 4,646,949	$ 0	$ 154,019	$ 5,630,327	$ (147,157)	$ (1,013,292)	$ 1,767	$ 4,625,664	$ 21,285

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common dividends per share (in usd per share)	$ 1.28	$ 1.24	$ 1.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 167,445	$ 278,996	$ 238,114
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of investment in unconsolidated joint ventures	(56,267)	(13,083)	(45,767)
Loss (gain) on investment property transactions	9	(152,547)	(90,125)
Impairment	0	0	14,829
Depreciation and amortization	295,587	288,092	288,648
Amortization of deferred financing costs and premium on notes payable	(99)	(437)	(888)
Equity-classified stock-based compensation expense, net of forfeitures	10,138	7,459	5,298
Effect of non-cash adjustments to rental revenues	(41,731)	(39,473)	(52,593)
Income from unconsolidated joint ventures	(7,700)	(6,801)	(7,947)
Operating distributions from unconsolidated joint ventures	5,399	11,542	9,303
Gain on extinguishment of debt	(169)	0	0
Changes in other operating assets and liabilities:
Change in receivables and other assets, net	1,723	5,500	(2,439)
Change in operating liabilities, net	(9,169)	10,230	(5,345)
Net cash provided by operating activities	365,166	389,478	351,088
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales, net	0	555,333	435,833
Proceeds from sale of interest in unconsolidated joint ventures, net	38,831	67,066	53,601
Property acquisition, development, and tenant asset expenditures	(342,241)	(787,810)	(619,602)
Return of capital distributions from unconsolidated joint venture	16,805	39,422	2,151
Contributions to unconsolidated joint ventures	(47,894)	(65,077)	(4,285)
Change in notes receivable and other assets	0	0	(161)
Net cash used in investing activities	(334,499)	(191,066)	(132,463)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility	428,700	855,500	575,500
Repayment of credit facility	(600,600)	(859,400)	(594,600)
Proceeds from term loans	400,000	350,000	0
Repayment of term loans	0	(250,000)	0
Proceeds from mortgages	42,118	0	0
Repayment of mortgages	(168,401)	(109,469)	(38,700)
Payment of deferred financing costs	(8,231)	(2,989)	(73)
Issuance of common stock	103,120	0	0
Proceeds from sale of treasury stock	514	0	0
Common dividends paid	(192,275)	(182,840)	(176,263)
Contributions from noncontrolling interests	2,866	6,154	5,197
Distributions to noncontrolling interests	(114)	(1,338)	(1,156)
Acquisition of partner's noncontrolling interest	(43,387)	0	0
Net cash used in financing activities	(35,690)	(194,382)	(230,095)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(5,023)	4,030	(11,470)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	10,168	6,138	17,608
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$ 5,145	$ 10,168	$ 6,138

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
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 fully integrated, self-administered, and self-managed real estate investment trust (“REIT”). Cousins conducts substantially all of its business through Cousins Properties, LP ("CPLP"). Cousins owns in excess of 99% of CPLP and consolidates CPLP. As of December 31, 2021 and 2022, limited partners owned the remaining 25,000 common units of CPLP. CPLP wholly owns Cousins TRS Services LLC ("CTRS") 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 (collectively, the “Company”) develop, acquire, lease, manage, and own primarily Class A office properties and opportunistic mixed-use developments in the Sun Belt markets of the United States with a focus on Atlanta, Austin, Tampa, Phoenix, Charlotte, Dallas, and Nashville. Cousins has elected to be taxed as a REIT and intends to, among other things, distribute at least 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. As of December 31, 2022, the Company’s portfolio of real estate assets consisted of interests in 18.8 million square feet of office space and 310,000 square feet of other space. Basis of Presentation: The consolidated financial statements include the accounts of the Company and its consolidated partnerships and wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. The Company presents its financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) as outlined in the Financial Accounting Standard Board’s Accounting Standards Codification (the “Codification” or “ASC”). The Codification is the single source of authoritative accounting principles applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP. 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 Codification. 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. As of December 31, 2022 and 2021, the Company did not have any partnerships, joint ventures, or other arrangements with variable interests that qualified as a VIE.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Real Estate Assets Cost Capitalization: Costs related to planning, developing, leasing, and constructing a property, including costs of development personnel working directly on projects under development, are capitalized. In addition, the Company capitalizes interest to qualifying assets under development based on average accumulated expenditures outstanding during the period. In capitalizing interest to qualifying assets, the Company first uses the interest incurred on specific project debt, if any, and next uses the Company’s weighted average interest rate for non-project specific debt. The Company also capitalizes interest to investments accounted for under the equity method when the investee has property under development with a carrying value in excess of the investee’s borrowings. To the extent debt exists within an unconsolidated joint venture during the construction period, the venture capitalizes interest on that venture-specific debt. The Company capitalizes interest, real estate taxes, and certain operating expenses on the unoccupied portion of development properties, which have ongoing construction of tenant improvements, until the earlier of (i) the date on which the development project achieves 90% economic occupancy or (ii) one year from cessation of major construction activity on the core building development. Impairment: We review our real estate assets on a property-by-property basis for impairment. This review includes our operating properties, properties under development, and land holdings. The first step in this process is to determine whether an asset is considered to be held and used or held for sale, in accordance with accounting guidance. In order to be considered a real estate asset held for sale, we must, among other things, have the authority to commit to a plan to sell the asset in its current condition, have commenced the plan to sell the asset, and have determined that it is probable that the asset will sell within one year. If we determine that an asset is held for sale, we record an impairment loss if the fair value less costs to sell is less than the carrying amount. All real estate assets not meeting the held for sale criteria are considered to be held and used. In the impairment analysis for assets held and used, we must determine whether there are indicators of impairment. For operating properties, these indicators could include a decline in a property’s leasing percentage, a current period operating loss or negative cash flows combined with a history of losses at the property, a decline in lease rates for that property or others in the property’s market, a significant change in the market value of the property, or an adverse change in the financial condition of significant tenants. For projects under development, indicators could include material budget overruns, significant delays in construction, occupancy, or stabilization schedule, regulatory changes or economic trends that have a significant impact on the market, or an adverse change in the financial condition of significant future tenants. For land holdings, indicators could include an overall decline in the market value of land in the region, a decline in development activity for the intended use of the land, or other adverse economic and market conditions. Acquisition of Real Estate Assets: The Company evaluates all real estate acquisitions to determine if the transactions qualify as an acquisition of assets or of a business. If the Company determines that substantially all of the fair value is concentrated in a single identifiable asset or group of similar assets, the Company will account for the acquisition as an acquisition of assets and not a business. If the Company determines that there is no single or group of assets that make up substantially all of the fair value of assets acquired, the Company must determine whether the acquired set of assets includes an input and substantial processes which create an output. Based on the facts of the transactions and guidance in ASC 805, if the Company determines that an input and substantial processes that create an output are present, the Company will account for the acquisition as an acquisition of a business. For acquisitions that are accounted for as an acquisition of an asset, the Company records the acquired tangible and intangible assets and assumed liabilities based on each asset and liability's relative fair value at the acquisition date to the total purchase price plus capitalized acquisition costs. For acquisitions that are accounted for as an acquisition of a business, the Company records the acquired tangible and intangible assets and assumed liabilities at fair value at the acquisition date, excluding any acquisition costs, which are expensed as incurred. The acquired assets and assumed liabilities for an operating property acquisition generally include but are not limited to: land, buildings and improvements, and identified tangible and intangible assets and liabilities associated with in-place leases, including leasing costs, value of above-market and below-market tenant leases, value of above-market and below-market ground leases, and acquired in-place lease values, if any. The fair value of land is derived from comparable sales of land within the same submarket and/or region. The fair value of buildings and improvements, tenant improvements, and leasing costs are based upon current market replacement costs and other relevant market rate information. The fair value of the above-market or below-market component of an acquired lease is based upon the present value (calculated using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term and (ii) management’s estimate of the rents that would be paid using fair market rental rates and rent escalations at the date of acquisition over the remaining term of the lease. The amounts recorded for above-market and below-market ground leases are included in intangible liabilities and intangible assets, respectively, and are amortized on a straight-line basis into rental property revenues over the remaining terms of the applicable leases. The fair value of acquired in-place leases is derived based on management’s assessment of lost revenue and costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased. The amount recorded for acquired in-place leases is included in intangible assets and amortized as an increase to depreciation and amortization expense over the remaining term of the applicable leases. Depreciation and Amortization: Real estate assets are stated at depreciated cost less impairment, if any. Buildings are depreciated over their estimated useful lives, which range generally from 30 to 40 years. The life of a particular building depends upon a number of factors including whether the building was developed or acquired and the condition of the building upon acquisition. Furniture, fixtures, and equipment are depreciated over their estimated useful lives of three Investment in Joint Ventures For joint ventures that the Company does not control, but over which it exercises significant influence, the Company uses the equity method of accounting. The Company's judgment with regard to its level of influence or control of an entity involves consideration of various factors including the form of its ownership interest; its representation in the entity's governance; its ability to participate in policy-making decisions; and the rights of other investors to participate in the decision-making process, to replace the Company as manager, and/or to liquidate the venture. These ventures are recorded at cost and adjusted for equity in earnings (losses) and cash contributions and distributions. Any difference between the carrying amount of these investments on the Company’s consolidated balance sheet and the underlying equity in net assets on the joint venture’s balance sheet is adjusted as the related underlying assets are depreciated, amortized, or sold. The Company generally allocates income and loss from an unconsolidated joint venture based on the venture's distribution priorities, which may be different from its stated ownership percentage. The Company evaluates the recoverability of its investment in unconsolidated joint ventures in accordance with accounting standards for equity investments by first reviewing each investment for any indicators of impairment. If indicators are present, the Company estimates the fair value of the investment. If the carrying value of the investment is greater than the estimated fair value, management makes an assessment of whether the impairment is “temporary” or “other-than-temporary.” In making this assessment, management considers the following: (i) the length of time and the extent to which fair value has been less than cost, (ii) the financial condition and near-term prospects of the entity, and (iii) the Company’s intent and ability to retain its interest long enough for a recovery in market value. If management concludes that the impairment is "other than temporary," the Company reduces the investment to its estimated fair value. Noncontrolling Interest The Company consolidates CPLP and certain joint ventures in which it owns a controlling interest. In cases where the entity’s documents do not contain a required redemption clause, the Company records the partner’s share of the entity in the equity section of the balance sheets in nonredeemable noncontrolling interests. In cases where the entity’s documents contain a provision requiring the Company to purchase the partner’s share of the venture at a certain value upon demand or at a future date, if any, the Company records the partner’s share of the entity in redeemable noncontrolling interests on the balance sheets. The outside partners' interests in CPLP are redeemable on a one-for-one basis, upon demand, into shares of common stock of the Company or, at the Company's sole discretion, into the cash equivalent of such share of common stock. Therefore, noncontrolling interests associated with CPLP are considered nonredeemable noncontrolling interests. The noncontrolling partners' share of all consolidated entities' income is reflected in net income attributable to noncontrolling interest on the statements of operations. Revenue Recognition Rental Property Revenues: The Company recognizes contractual revenues from leases on a straight-line basis over the term of the respective lease. If we determine the improvements are our assets, we capitalize the cost of the improvements and recognize depreciation expense associated with such improvements over the shorter of the estimated useful life or the term of the lease. If the improvements are tenant assets, we defer the cost of improvements funded by us as a lease incentive asset and amortize it as a reduction of rental revenue over the term of the lease. Our determination of whether improvements are our assets or tenant assets also affects when we commence revenue recognition in connection with a lease. The Company records deferred revenue for the portion of company owned tenant improvements funded by or reimbursed by tenants and amortizes this amount on a straight-line basis into rental income over the term of the related lease. As of December 31, 2022 and 2021, the Company had unamortized deferred income related to tenant funded tenant improvements of $100.1 million and $30.2 million, respectively, included in deferred income on the consolidated balance sheets. Certain leases also provide for percentage rents based upon the level of sales achieved by the lessee. Percentage rents are recognized once the specified sales target is achieved. In addition, leases typically provide for reimbursement of the tenants' share of real estate taxes, insurance, and other operating expenses to the Company. Operating expense reimbursements are recognized as the related expenses are incurred. During 2022, 2021, and 2020, the Company recognized $160.7 million, $155.5 million, and $142.5 million, respectively, in revenues from tenants related to operating expense reimbursements. The Company makes valuation adjustments to all tenant-related accounts receivable based upon its estimate of the likelihood of collectibility of amounts due from the tenant. The amount of any valuation adjustment is based on the tenant’s credit and business risk, history of payment, and other factors considered by management. In limited circumstances to date, the Company has entered into lease amendments with certain tenants, a majority of which are small retail operators who have experienced disruptions in their business as a result of the COVID-19 pandemic. Some of these agreements forgive rents and extend the lease term for the equivalent number of months at the end of the original lease and others provide for forgiveness without extension. Rent forgiveness, with or without extensions, is accounted for as lease modifications, and the Company recognizes the effects over time through straight-line rent over the lease term. Other agreements provide for payment deferrals without extensions. The Company accounts for these deferral agreements as lease modifications and has included these deferred payments in deferred rents receivable on the accompanying consolidated balance sheets. Fee Income: The Company recognizes development, management, and leasing fees as it satisfies the related performance obligations under the respective contracts. The Company recognizes development and leasing fees received from investments in unconsolidated joint ventures and related salaries and other direct costs incurred by the Company as income and expense based on the percentage of the joint venture which the Company does not own. Correspondingly, the Company adjusts its investment in unconsolidated joint ventures when fees are paid to the Company by a joint venture in which the Company has an ownership interest. Gain on Investment Property Transactions: The Company recognizes a gain on the sale of investment property at the time the buyer obtains control of the investment property. If the Company maintains any continuing involvement with the investment property, that continuing involvement is considered to be one or more additional performance obligations and additional gains or losses will be recognized as these performance obligations are satisfied. When the Company gains control of a previously unconsolidated investment accounted for under the equity method of accounting, it records a gain for the difference between the carrying value of its equity method investment and the fair value of that investment on the date control is gained. Income Taxes The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Company must distribute annually at least 90% of its adjusted taxable income, as defined in the Code, to its stockholders and satisfy certain other organizational and operating requirements. It is management’s current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to federal income tax at the corporate level on the taxable income it distributes to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates and may not be able to qualify as a REIT for four subsequent taxable years. The Company may be subject to certain state and local taxes on its income and property, and to federal income taxes on its undistributed taxable income. CTRS is a C-Corporation for federal income tax purposes and uses the liability method for accounting for income taxes. Tax return positions are recognized in the financial statements when they are “more-likely-than-not” to be sustained upon examination by the taxing authority. Deferred income tax assets and liabilities result from temporary differences. Temporary differences are differences between the tax bases of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future periods. A valuation allowance may be placed on deferred income tax assets, if it is determined that it is more likely than not that a deferred tax asset may not be realized. Stock Compensation The Company accounts for stock-based employee compensation using the fair value measurement method. We classify share-based payment awards granted in exchange for employee services as either equity awards or liability awards. Equity-classified awards are measured based on the fair value on the date of grant. Awards that are to be settled in cash are classified as liability awards. The value of all of the Company's share-based awards is recognized over the period during which an employee is required to provide services in exchange for the award - the requisite service period (usually the vesting period). No compensation costs are recognized for awards for which employees do not complete the requisite service period. Derivative Financial Instruments The Company manages its exposure to interest rate risk associated with its floating-rate debt using derivative financial instruments, specifically interest rate swaps. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure, as well as to hedge specific anticipated transactions. Interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Derivatives are carried at fair value on the balance sheet as either other assets or other liabilities. If the hedging instrument is designated as a cash flow hedge and is determined to be highly effective, any gain or loss from changes in the fair value of the hedging instruments are reported as a component of other comprehensive income included in the equity section of the balance sheet. When the forecasted transaction occurs, the effective portion of the gain or loss on the hedge is reclassified from other comprehensive income to the income statement. The Company regularly assesses the effectiveness of the hedge relationships between the hedging instrument and the underlying exposure being hedged. The Company also regularly assesses the effectiveness of its risk management strategies and its use of derivative financing instruments. Earnings per Share Net income per share-basic is calculated as net income available to common stockholders divided by the weighted average number of common shares outstanding during the period, including nonvested restricted stock which has nonforfeitable dividend rights. Net income per share-diluted is calculated as net income available to common stockholders plus noncontrolling interests in CPLP divided by the diluted weighted average number of common shares outstanding during the period. Diluted weighted average number of common shares uses the same weighted average share number as in the basic calculation and adds the potential dilution that would occur if (i) the outside units in CPLP were converted into the Company's common stock, (ii) any forward sales contracts of our common stock were settled, and (iii) equity-based restricted stock units ("RSUs") as well as shares to be issued under the Employee Stock Purchase Plan (“ESPP”) were vested and settled resulting in additional common shares outstanding, all calculated using the treasury stock method, as applicable. RSUs are dilutive if the shares to be granted (assuming the end of the reporting period is the end of the measurement of any required market and performance achievement) exceed the shares assumed to be repurchased under the treasury stock method (using related unamortized compensation costs as proceeds). Shares to be issued under the ESPP are dilutive if the estimated shares to be purchased under the plan based on current enrollment elections exceed the shares assumed to be repurchased under the treasury stock method (using both employee ESPP contributions and related unamortized compensation costs as proceeds). Cash and Cash Equivalents Cash and cash equivalents include unrestricted cash and highly-liquid money market instruments. Highly-liquid money market instruments include securities and repurchase agreements with original maturities of three months or less, money market mutual funds, and United States Treasury Bills with maturities of 30 days or less. Restricted Cash Restricted cash primarily includes escrow accounts held by lenders for reserves or to pay real estate taxes. Determination of Fair Values The Company uses fair values in the preparation of the financial statements and related footnote disclosures under the Fair Value Hierarchy prescribed by GAAP. The hierarchy is used to determine fair values of long-lived assets when recording impairments (see note 4), disclosing fair values of debt as of the balance sheet date (see note 9), and recording cash flow hedges (see note 10). All of these determinations are made based on Level 2 inputs, which are described more fully in the respective footnotes. Fair values used for stock compensation are based on the assumptions and methodologies described in note 15 and are excepted from the Fair Value Hierarchy disclosure requirements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Transactions with Norfolk South

Transactions with Norfolk Southern Railway Company	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [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 received fees totaling $5.0 million in consideration for development services for NS’s corporate headquarters that has been constructed on the land sold to NS. • Executed a Consulting Agreement with NS whereby the Company received fees totaling $32.0 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 (“Promenade Central”) for $82.0 million subject to a three-year market rate lease with NS that covered the entire building and expired December 31, 2021. 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 Promenade Central 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 Promenade Central should be recorded at fair value of $92.3 million. The Company determined that the lease with NS at the Promenade Central 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 Promenade Central as well as cash consideration of $5.0 million from the land sale contract (difference between fair value and contract amount), $5.0 million from the Development Agreement, and $32.0 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 recognized the $52.3 million contract price in revenue as it satisfied 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 on March 1, 2019, 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 years ended December 31, 2022, 2021, and 2020, the Company recognized $3.2 million, $11.9 million, and $14.9 million, respectively, in fee income in the consolidated statements of operations related to the services provided to NS. As of December 31, 2021, the Company had deferred income related to NS included in the consolidated balance sheet of $1.8 million. As of December 31, 2022, the Company had no deferred income related to NS included in the consolidated balance sheet, and all revenue related to this performance obligation had been recognized.

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
REAL ESTATE	REAL ESTATE Acquisitions During 2021, the Company acquired three office properties. The following table summarizes these transactions and the resulting purchase price allocations ($ in thousands): 300 Colorado (1) Heights Union 725 Ponce Gross Purchase Price $ 162,500 $ 144,800 $ 300,200 Acquisition Date December 2021 October 2021 July 2021 Square Feet 369,000 294,000 372,000 Market Austin Tampa Atlanta Purchase Price Allocation Tangible assets Operating properties $ 297,259 $ 133,489 $ 292,946 297,259 133,489 292,946 Intangible assets In-place leases 13,974 5,894 12,788 Below market ground lease 840 — — Above market leases 21 1,322 1,770 14,835 7,216 14,558 Intangible liabilities Below market leases (10,369) (2,501) (6,739) (10,369) (2,501) (6,739) Total net assets (2) $ 301,725 $ 138,204 $ 300,765 (1) Purchase price represents cost of acquiring partners' 50% interest in 300 Colorado Project LP, resulting in consolidation of this previously unconsolidated property (see note 6 for more information on this transaction). (2) Represents amounts, including acquisition costs, assigned to the net assets consolidated in the balance sheet upon acquisition. During 2021, the Company acquired two land parcels. The following table summarizes these transactions ($ in thousands): Market Acres Gross Purchase Price 887 West Peachtree Atlanta 0.7 $ 10,000 3354/3356 Peachtree Atlanta 0.2 $ 8,000 Dispositions During 2021, the Company sold three office properties. The following table summarizes these transactions ($ in thousands): Property Location Date Square Feet Sales Price Gain on Sale, Net 816 Congress Austin December 2021 435,000 $ 174,000 $ 77,200 One South at the Plaza Charlotte July 2021 891,000 $ 271,500 $ 12,700 Burnett Plaza Fort Worth April 2021 1,000,000 $ 137,500 $ 200 The Company sold the properties noted above as part of its ongoing investment strategy, using these proceeds to fund new investment activity. The Company recorded a gain of $90.1 million from the 2021 sales. In July 2021, the Company sold 0.7 acres of land in Phoenix, adjacent to our 100 Mill development, to a hotel developer for $6.4 million. Net proceeds approximated our book value. Impairment The Company tests for impairment whenever changes in circumstances indicate a building’s carrying value may not be recoverable. The test is conducted using undiscounted cash flows for the shorter of the building’s estimated hold period or its remaining useful life. When testing for recoverability of buildings held for investment, projected cash flows are used over its expected hold period. If the expected hold period includes some likelihood of shorter-term hold period from a potential sale, the probability of a sale is layered into the analysis. If any building's held for investment analysis were to fail the impairment test, its book value would be written down to its then current estimated fair value, before any selling expense, and that building would continue to depreciate over its remaining useful life. None of the Company’s buildings were impaired during any periods presented while under the held for investments classification. During the fourth quarter of 2020, the Company decided to accept an offer, with conditions, on Burnett Plaza. Based on the status of this offer as of December 31, 2020, the Company concluded the sale was probable within one year and, therefore, transferred the assets and liabilities of the building to held for sale. Because the carrying value of the building exceeded the expected net sale proceeds (including selling costs), the Company recorded a $14.8 million impairment charge in the accompanying statement of operations. The net proceeds were based on the third-party offer to purchase (a Level 2 input under authoritative guidance for fair value measurements). The Company may record additional impairment charges if operating results of individual buildings are materially different from our forecasts, the economy and the office industry weakens, or we shorten our contemplated holding period for additional buildings.

Ground Leases

Ground Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
GROUND LEASES	GROUND LEASES At December 31, 2022, the Company had three properties subject to operating ground leases with a weighted average remaining term of 78 years and one finance ground lease with a remaining term of three years. At December 31, 2022, the Company had right-of-use assets from operating ground leases of $45.8 million included in operating properties or land land other liabilities 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 years ended December 31, 2022, 2021, and 2020, the Company recognized operating ground lease expense of $2.9 million, $4.1 million, and $4.3 million, respectively. For the year ended December 31, 2022 the Company had no variable lease expenses related to ground lease expense, and recognized interest expense related to finance ground leases of $162,000 . For the year ended December 31, 2022, the Company paid $2.1 million in cash related to operating ground leases and made $162,000 in cash payments related to financing ground leases. The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2022, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2023 $ 1,925 $ 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — 2027 2,010 — Thereafter 173,313 — $ 183,145 $ 4,000 Discount (133,571) (445) Lease liability $ 49,574 $ 3,555 The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2021, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2022 $ 1,921 $ 162 2023 1,925 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — Thereafter 175,323 — $ 185,066 $ 4,162 Discount (135,596) (607) Lease liability $ 49,470 $ 3,555
GROUND LEASES	GROUND LEASES At December 31, 2022, the Company had three properties subject to operating ground leases with a weighted average remaining term of 78 years and one finance ground lease with a remaining term of three years. At December 31, 2022, the Company had right-of-use assets from operating ground leases of $45.8 million included in operating properties or land land other liabilities 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 years ended December 31, 2022, 2021, and 2020, the Company recognized operating ground lease expense of $2.9 million, $4.1 million, and $4.3 million, respectively. For the year ended December 31, 2022 the Company had no variable lease expenses related to ground lease expense, and recognized interest expense related to finance ground leases of $162,000 . For the year ended December 31, 2022, the Company paid $2.1 million in cash related to operating ground leases and made $162,000 in cash payments related to financing ground leases. The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2022, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2023 $ 1,925 $ 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — 2027 2,010 — Thereafter 173,313 — $ 183,145 $ 4,000 Discount (133,571) (445) Lease liability $ 49,574 $ 3,555 The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2021, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2022 $ 1,921 $ 162 2023 1,925 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — Thereafter 175,323 — $ 185,066 $ 4,162 Discount (135,596) (607) Lease liability $ 49,470 $ 3,555

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Ventures	12 Months Ended
	Dec. 31, 2022
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 December 31, 2022 and 2021 (in thousands). The information included in the summary of operations table is for the years ended December 31, 2022, 2021, and 2020 ($ in thousands). SUMMARY OF FINANCIAL POSITION Total Assets Total Debt Total Equity (Deficit) Company's Investment 2022 2021 2022 2021 2022 2021 2022 2021 Operating Properties: AMCO 120 WT Holdings, LLC $ 81,136 $ 83,546 $ — $ — $ 80,509 $ 82,739 $ 14,856 $ 15,347 Crawford Long - CPI, LLC 22,857 24,709 62,856 64,566 (39,691) (40,221) (19,173) (1) (19,356) (1) Under Development: Neuhoff Holdings LLC 321,338 133,691 115,940 28,390 177,734 93,218 93,647 47,529 Land: 715 Ponce Holdings LLC 8,333 8,150 — — 8,332 8,150 4,261 4,165 Sold and Other: Carolina Square Holdings LP — 113,011 — 132,654 — (34,066) — (15,786) (1) HICO Victory Center LP 158 16,421 — — 5,818 15,962 75 10,723 Other — 518 — — — 11 — 47 $ 433,822 $ 380,046 $ 178,796 $ 225,610 $ 232,702 $ 125,793 $ 93,666 $ 42,669 (1) These negative balances are included in deferred income on the consolidated balance sheets. SUMMARY OF OPERATIONS Total Revenues Net Income (Loss) Company's Income (Loss) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Operating Properties: AMCO 120 WT Holdings, LLC $ 10,844 $ 8,894 $ 3,000 $ 3,245 $ 639 $ 2,740 $ 632 $ 115 $ (552) Crawford Long - CPI, LLC 13,298 13,118 12,650 4,530 4,032 3,797 2,117 1,869 1,808 Under Development: Neuhoff Holdings LLC 140 51 — 94 51 — 47 25 — Land: 715 Ponce Holdings LLC 287 84 — 183 55 — 91 27 — Sold and Other: Carolina Square Holdings LP 12,071 16,518 14,581 503 2,187 3,061 164 982 1,472 HICO Victory Center LP 92 232 356 6,735 232 356 4,546 125 178 Austin 300 Colorado Project, LP 33 8,747 841 17 2,012 466 8 972 233 Charlotte Gateway Village, LLC — 378 6,692 (1) 369 3,202 100 185 1,658 DC Charlotte Plaza LLLP (5) 15,217 20,439 (28) 5,491 7,272 (36) 2,539 3,380 Other — — 4,300 — (151) 515 31 (38) (230) $ 36,760 $ 63,239 $ 62,859 $ 15,278 $ 14,917 $ 21,409 $ 7,700 $ 6,801 $ 7,947 Joint Ventures with Operating Properties AMCO 120 WT Holdings, LLC ("AMCO") — AMCO is a joint venture between the Company, with a 20% interest, and affiliates of AMLI Residential (“AMLI”), with an 80% interest, formed to develop, own, and operate 120 West Trinity, a mixed-use property in Decatur, Georgia. The property contains 33,000 square feet of office space, 19,000 square feet of retail space, and 330 apartment units. Initial contributions to the joint venture for the purchase of land were funded entirely by AMLI. Subsequent contributions are funded in proportion to the members' percentage interests. The assets of the venture in the above table include a cash balance of $407,000 at December 31, 2022. Crawford Long—CPI, LLC ("Crawford Long" ) — Crawford Long is a 50-50 joint venture between the Company and Emory University that owns Emory University Hospital Midtown, a 358,000 square foot medical office building located in Atlanta, Georgia. Crawford Long has a $62.9 million, 3.5% fixed rate mortgage note which matures on June 1, 2023. The assets of the venture in the above table include a cash balance of $2.0 million at December 31, 2022. Joint Ventures with Properties Under Development Neuhoff Holdings LLC ("Neuhoff") — Neuhoff is a 50-50 joint venture between the Company and Neuhoff Acquisition LLC ("JPM") formed for the purpose of developing a $563.0 million mixed-use property in Nashville, Tennessee. The Company made an initial contribution of $35.1 million for its interest in the land and development costs incurred prior to joint venture formation. In addition to the existing assets of the joint venture, Neuhoff also has rights to adjacent parcels for future development. On September 30, 2021, the joint venture closed on a construction loan with a borrowing capacity up to $312.7 million. The mortgage bears interest at the London Interbank Offering Rate ("LIBOR") plus 3.45% to 3.60% and matures on September 30, 2025. The assets of the venture in the above table include a cash balance of $961,000 at December 31, 2022. Joint Ventures with Land Holdings 715 Ponce Holdings LLC ("715 Ponce") — 715 Ponce is a 50-50 joint venture between the Company and 715 Acquisition LLC ("JPM") formed for the purpose of a future development in Midtown Atlanta, Georgia. The Company made an initial contribution of $4.0 million for its interest in the land held by the joint venture. The assets of the venture in the above table include a cash balance of $114,000 at December 31, 2022. Sold and Other Joint Ventures Carolina Square Holdings LP ("Carolina Square") — Carolina Square was a 50-50 joint venture between the Company and NR 123 Franklin LLC ("Northwood Ravin"), that owned and operated a mixed-use property in Chapel Hill, North Carolina. On September 29, 2022, the Company sold its 50% interest in Carolina Square to its partner for a gross sales price of $105.0 million. The Company recognized a gain of $56.3 million on the sale of its interest in Carolina Square, net of $179,000 of state income tax. HICO Victory Center LP ("HICO") — HICO is a joint venture between the Company and Hines Victory Center Associates Limited Partnership ("Hines Victory"), which owned a land parcel in Dallas, Texas. The Company funded 75% of the cost of land while Hines Victory funded 25%. Pursuant to the joint venture agreement, all predevelopment expenditures, other than land, were funded equally by the partners. On June 30, 2022, HICO sold the land parcel for a gross price of $23.1 million. The Company's share of the $6.8 million gain from the transaction was $4.5 million and is included in income from unconsolidated joint ventures on the statements of operations. The Company accounted for its investment in HICO under the equity method because it did not control the activities of the venture. The assets of the venture in the above table include a cash balance of $158,000 at December 31, 2022. Austin 300 Colorado Project, LP ("300 Colorado") — 300 Colorado was a 50-50 joint venture between the Company, 3C Block 28 Partners, LP ("3CB"), and 3C RR Xylem, LP ("3CRR"), formed to develop, own, and operate a 369,000 square foot office property in Austin, Texas. On December 2, 2021, the Company purchased the remaining 50% interest from its partners for a gross price of $162.5 million. As a result, the Company consolidated 300 Colorado and recorded the assets and liabilities at fair value on the transaction date. The construction loan was paid off concurrent with the Company's purchase of its partners' interest. Upon consolidation, the Company recognized a $62.5 million gain on this acquisition achieved in stages and recorded this amount in gain on investment property transactions. Charlotte Gateway Village, LLC ("Gateway") — Gateway was a 50-50 joint venture between the Company and Bank of America Corporation (“BOA”), which owned and operated Gateway Village, a 1.1 million square foot office building in Charlotte, North Carolina. On March 31, 2020 the Company sold its interest in Gateway to its partner for a gross purchase price of $52.2 million. The sale was triggered by the exercise of the partner's purchase option and the proceeds from this sale represented a 17% internal rate of return for the Company on its invested capital, as stipulated in the partnership agreement. The Company recognized a gain of $44.6 million on the sale of its interest in Gateway included in gain on sales of investments in unconsolidated joint ventures, net of $227,000 of state income tax. DC Charlotte Plaza LLLP ("Charlotte Plaza") — Charlotte Plaza was a 50-50 joint venture between the Company and Dimensional Fund Advisors ("DFA"), formed to develop, own, and operate DFA's 281,000 square foot regional headquarters building in Charlotte, North Carolina. On September 30, 2021, the Company sold its interest in Charlotte Plaza for a gross price of $60.8 million. The sale was triggered by the exercise of the partner's purchase option as stipulated in the partnership agreement. The Company recognized a gain of $13.1 million on the sale of its interest in Charlotte Plaza and recorded this amount in gain on sales of investments in unconsolidated joint ventures. CL Realty, LLC ("CL Realty") — CL Realty was a 50-50 joint venture between the Company and Forestar Group, Inc., that owned land near Padre Island in Texas. In December 2020, CL Realty sold the land to a third party. The Company's share of net proceeds was $2.2 million and share of loss on the sale, included in income from unconsolidated joint ventures, was $598,000. TEMCO Associates, LLC ("Temco") — Temco was a 50-50 joint venture between the Company and Forestar Group, Inc., that owned a golf course in Georgia. In December 2020, the Company sold its remaining interest in Temco, to its venture partner for a gross purchase price of $786,000 and recognized a loss of $145,000 on the sale, included in gain on sales of investments in unconsolidated joint ventures. Wildwood Associates ("Wildwood") — Wildwood was a 50-50 joint venture between the Company and IBM which owned 6.3 acres of undeveloped land in the Wildwood Office Park in Atlanta, Georgia. In February 2020, the Company sold its remaining interest in the Wildwood Associates joint venture to its venture partner for a gross purchase price of $900,000. The Company recognized a gain of $1.3 million on the sale of its interest in Wildwood Associates, which included elimination of the remaining negative basis in the joint venture of $520,000 and which is included in the gain on sales of investments in unconsolidated joint ventures. At December 31, 2022, the Company's unconsolidated joint ventures had aggregate outstanding indebtedness to third parties of $178.8 million. These loans are mortgage or construction loans, all of which are non-recourse to the Company, except as described above. In addition, in certain instances, the Company provides “non-recourse carve-out guarantees” on these non-recourse loans. The Company recognized $2.8 million, $3.3 million, and $2.6 million of development, leasing, and management fees, including salary and expense reimbursements, from unconsolidated joint ventures in 2022, 2021, and 2020, respectively.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND LIABILITIES	INTANGIBLE ASSETS AND LIABILITIES At December 31, 2022 and 2021, intangible assets and liabilities included the following ($ in thousands): 2022 2021 Intangible Assets: In-place leases, net of accumulated amortization of $131,021 and $134,930 in 2022 and 2021, respectively $ 102,080 $ 129,538 Below-market ground leases, net of accumulated amortization of $1,860 and $1,449 in 2022 and 2021, respectively 17,393 17,804 Above-market leases, net of accumulated amortization of $25,085 and $25,423 in 2022 and 2021, respectively 15,093 19,537 Goodwill 1,674 1,674 $ 136,240 $ 168,553 Intangible Liabilities: Below-market leases, net of accumulated amortization of $48,994 and $55,079 in 2022 and 2021 $ 52,280 $ 63,223 Aggregate net amortization expense related to intangible assets and liabilities was $21.4 million, $32.7 million, and $43.1 million for the years ended December 31, 2022, 2021, and 2020, respectively. Over the next five years and thereafter, aggregate amortization of these intangible assets and liabilities is anticipated to be as follows ($ in thousands): In-Place Leases Below-Market Ground Leases Above-Market Leases Below-Market Leases Total 2023 $ 20,764 $ 400 $ 3,338 $ (9,386) $ 15,116 2024 18,238 400 2,699 (8,647) 12,690 2025 15,447 400 2,096 (8,093) 9,850 2026 12,291 400 1,673 (6,531) 7,833 2027 9,684 400 1,251 (4,972) 6,363 Thereafter 25,656 15,393 4,036 (14,651) 30,434 $ 102,080 $ 17,393 $ 15,093 $ (52,280) $ 82,286 Weighted average remaining lease term 7 years 59 years 7 years 7 years

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS At December 31, 2022 and 2021, other assets included the following ($ in thousands): 2022 2021 Predevelopment costs and earnest money $ 50,009 $ 20,677 Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $18,860 and $18,560 in 2022 and 2021, respectively 11,824 13,772 Lease inducements, net of accumulated amortization of $5,129 and $3,721 in 2022 and 2021, respectively 8,091 5,735 Prepaid expenses and other assets 6,438 6,998 Credit Facility deferred financing costs, net of accumulated amortization of $135 and $5,976 in 2022 and 2021, respectively 5,550 1,507 $ 81,912 $ 48,689 Predevelopment costs represent amounts that are capitalized related to predevelopment projects that the Company determined are probable of future development. Lease inducements are incentives paid to tenants in conjunction with leasing space, such as moving costs, sublease arrangements of prior space, and other costs. These amounts are amortized into rental revenues over the individual underlying lease terms.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE The following table summarizes the terms of notes payable outstanding at December 31, 2022 and 2021 ($ in thousands): Description Interest Rate (1) Maturity (2) 2022 2021 Unsecured Notes: Credit Facility 5.30% 2027 $ 56,600 $ 228,500 Term Loan 5.45% 2025 400,000 — Term Loan 5.38% 2024 350,000 350,000 Senior Note 3.95% 2029 275,000 275,000 Senior Note 3.91% 2025 250,000 250,000 Senior Note 3.86% 2028 250,000 250,000 Senior Note 3.78% 2027 125,000 125,000 Senior Note 4.09% 2027 100,000 100,000 1,806,600 1,578,500 Secured Mortgage Notes: Fifth Third Center 3.37% 2026 130,168 133,672 Terminus (3) 6.34% 2031 221,000 184,239 Colorado Tower 3.45% 2026 109,552 112,150 Domain 10 3.75% 2024 74,521 76,412 Promenade Tower (4) 4.27% 2022 — 89,052 Legacy Union One (4) 4.24% 2023 — 66,000 535,241 661,525 $ 2,341,841 $ 2,240,025 Unamortized premium — 3,910 Unamortized loan costs (7,235) (6,426) Total Notes Payable $ 2,334,606 $ 2,237,509 (1) Interest rate as of December 31, 2022. (2) Weighted average maturity of notes payable outstanding at December 31, 2022 was 4.0 years. (3) Represents $123.0 million and $98.0 million non-cross-collateralized mortgages secured by the Terminus 100 and Terminus 200, buildings, respectively. (4) These mortgages were paid off, in full, in October 2022. Credit Facility On May 2, 2022, the Company entered into a Fifth Amended and Restated Credit Agreement (the "Credit Facility") under which the Company may borrow up to $1 billion if certain conditions are satisfied. The Credit Facility recasts the Prior Facility by, among other things, extending the maturity date from January 3, 2023 to April 30, 2027, and reducing certain per annum variable interest rate spreads and other fees. The Credit Facility contains financial covenants consistent with those of the Prior Facility, with the exception of an increase in the secured leverage ratio to no more than 50%. 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 Daily Secured Overnight Financing Rate ("SOFR") or Term SOFR, plus a SOFR adjustment of 0.10% ("Adjusted SOFR") and a spread of between 0.90% and 1.40%, or (2) the greater of Bank of America's prime rate, the federal funds rate plus 0.50%, Term SOFR, plus a SOFR adjustment of 0.10% and 1.00%, or 1.00%, plus a spread of between 0.00% and 0.40%, based on leverage. In addition to the interest rate, the Credit Facility is also subject to a facility fee of 0.15% to 0.30%, depending on leverage, on the entire $1 billion capacity. At December 31, 2022, the Credit Facility's interest rate spread over Adjusted SOFR was 0.90%, and the facility fee spread was 0.15%. 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 $943.4 million at December 31, 2022. The amounts outstanding under the Credit Facility may be accelerated upon the occurrence of any events of default. Through May 2, 2022, the Company had a $1 billion senior unsecured line of credit (the "Prior Facility") that was scheduled to mature on January 3, 2023. The Prior Facility contained financial covenants that required, among other things, the maintenance of unencumbered interest coverage ratio of at least 1.75x; a fixed charge coverage ratio of at least 1.50x; a secured leverage ratio of no more than 40%; and an overall leverage ratio of no more than 60%. The Prior Facility also contained customary representations and warranties and affirmative and negative covenants, as well as customary events of default. The interest rate applicable to the Prior Facility varied according to the Company's leverage ratio, and was, at the election of the Company, determined based on either (1) 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. Term Loans On October 3, 2022, the Company entered into a Delayed Draw Term Loan Agreement (the "2022 Term Loan") and borrowed the full $400 million available under the loan. The loan matures on March 3, 2025 with four consecutive options to extend the maturity date for an additional six months. The interest rate provisions are the same as the 2021 Term Loan, and the covenants are the same as the Credit Facility. On June 28, 2021, the Company entered into an Amended and Restated Term Loan Agreement (the "2021 Term Loan") that amended the former term loan agreement. Under the 2021 Term Loan, the Company has borrowed $350 million that matures on August 30, 2024 with four consecutive options to extend the maturity date for an additional 180 days. On September 19, 2022, the Company entered into the First Amendment to the 2021 Term Loan. This amendment aligns covenants and available interest rates, including the addition of SOFR, to that of the Credit Facility. Under the terms of this First Amendment, the interest rate applicable to the 2021 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 Daily SOFR or Term SOFR, plus a SOFR adjustment of 0.10% ("Adjusted SOFR") and a spread of between 1.05% and 1.65%, or (2) the greater of Bank of America's prime rate, the federal funds rate plus 0.50%, Term SOFR, plus a SOFR adjustment of 0.10% and 1.00%, or 1.00%, plus a spread of between 0.05% and 0.65%, based on leverage. On September 19, 2022, the Company provided notice of our election of the Daily SOFR Rate Loan provisions. On September 27, 2022, the Company entered into a floating-to-fixed interest rate swap with respect to the $350 million 2021 Term Loan through the maturity date of August 30, 2024. This swap effectively fixed the underlying SOFR rate at 4.23%. See note 10 for more information on this cash flow hedge. At December 31, 2022, the 2021 and 2022 Term Loan's spread over Adjusted SOFR rate was 1.05%. 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 are consistent with those of our Credit Facility. The senior notes also contain customary representations and warranties and affirmative and negative covenants, as well as customary events of default. Secured Mortgage Notes In December 2022, the Company refinanced mortgages on the Company's two Terminus properties in Atlanta with the lender. Under the new mortgage, the maturities were extended from January 2023 to January 2031, the combined principal increased to $221.0 million, and the interest rate is now 6.34%. In October 2022, the Company paid off, in full, its Legacy Union One and Promenade Tower mortgages. In June 2021, the Company executed a collateral substitution for the mortgage previously secured by the Company's 816 Congress property in Austin, which was sold in December 2021. The mortgage is now secured by the Company's Domain 10 property in Austin. All other terms of the note were unchanged. As of December 31, 2022, the Company had $535.2 million outstanding on five non-recourse mortgage notes. All interest rates on the secured mortgage notes are fixed. Assets with depreciated carrying values of $910.2 million were pledged as security on these mortgage notes payable. Other Debt Information The Company is in compliance with all of the covenants related to its unsecured and secured debt. At December 31, 2022 and 2021, the estimated fair value of the Company’s notes payable was $2.2 billion and $2.3 billion, respectively , c alculated by discounting the debt's remaining contractual cash flows at estimated rates at which similar loans could have been obtained at December 31, 2022 and 2021. The estimate of the current market rate, which is the most significant input in the discounted cash flow calculation, is intended to replicate debt of similar maturity and loan-to-value relationship. These fair value calculations are considered to be Level 2 under the guidelines as set forth in ASC 820 as the Company utilizes market rates for similar type loans from third party brokers. For the years ended December 31, 2022, 2021, and 2020, interest was recorded as follows ($ in thousands): 2022 2021 2020 Total interest incurred $ 87,937 $ 73,284 $ 74,929 Interest capitalized (15,400) (6,257) (14,324) Total interest expense $ 72,537 $ 67,027 $ 60,605 Debt Maturities Future principal payments due (including scheduled amortization payments and payments due upon maturity) on the Company's notes payable at December 31, 2022 are as follows ($ in thousands): 2023 $ 8,274 2024 429,087 2025 656,755 2026 220,125 2027 281,600 Thereafter 746,000 $ 2,341,841

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS On September 27, 2022, the Company entered into a floating-to-fixed interest rate swap with respect to the $350 million 2021 Term Loan through the maturity date of August 30, 2024. This swap effectively fixed the underlying SOFR rate at 4.23%. The Company's objectives in using interest rate derivatives are to add stability to interest expense and to mange its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. During 2022, such derivatives were used to hedge the variable cash flows associated with the 2021 Term Loan (referred to as a "cash flow hedge"). For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. The counterparty under this swap is a major financial institution, and the swap contains provisions whereby if the Company defaults on certain of its indebtedness, and such default results in repayment of such indebtedness being, or becoming capable of being, accelerated by the lender, then the Company could also be declared in default under the swap. There are no collateral requirements related to this swap. As of December 31, 2022, the fair value of this swap was $1.8 million. This $1.8 million is included in other assets in the Company's consolidated balance sheet. The table below presents the effect of the Company's derivative financial instruments on the Income Statement as of December 31, 2022 ($ in thousands): Cash Flow Hedge: 2022 Amount of gain recognized in accumulated other comprehensive income on interest rate derivatives $ 1,063 Amount of loss reclassified from accumulated other comprehensive income into income as interest expense $ 704 Total amount of interest expense presented in the consolidated income statements $ 72,537 Over the next twelve months, we estimate that $1.8 million will be reclassified out of accumulated other comprehensive income as a reduction of interest expense. The fair value of this hedge is determined using observable inputs other than quoted prices in active markets, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. These inputs are considered Level 2 inputs in the fair value hierarchy and the Company engages a third party expert to determine these inputs. The fair value of the cash flow hedge is determined using the conventional industry methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts made between the Company and its counterparty to the cash flow hedge. These variable cash receipts are based on the expectation of future interest rates which are derived from observed market interest rate curves. In addition, any credit valuation adjustments are considered in the fair values to account for potential nonperformance risk to the extent they would be significant inputs to the calculation. For the periods presented, it was determined that credit valuation adjustments were not considered to be significant inputs.

Other Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES Other liabilities on the consolidated balance sheets as of December 31, 2022 and December 31, 2021 included the following ($ in thousands): 2022 2021 Ground lease liability $ 53,129 $ 53,025 Prepaid rent 33,165 37,174 Security deposits 14,635 12,875 Restricted stock unit liability 1,048 7,314 Other liabilities 1,465 1,476 $ 103,442 $ 111,864

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments The Company had outstanding performance bonds totaling $692,000 at December 31, 2022. As a lessor, the Company had a total of $181.3 million in future obligations under leases to fund tenant improvements and other future construction obligations at December 31, 2022. 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.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY In the third quarter of 2021, the Company entered into an Equity Distribution Agreement with six financial institutions known as an at-the-market stock offering program ("ATM program"), under which the Company may offer and sell shares of its common stock from time to time in "at-the-market" offerings with an aggregate gross sales price of up to $500 million. In connection with the ATM program, Cousins may, at its discretion, enter into forward equity sale agreements. The use of a forward equity sale agreement ("Forward Sales") would allow the Company to lock in a share price on the sale of shares of its common stock at the time the agreement is executed, but defer receiving the proceeds from the sale of shares until a later date, allowing the Company to better align such funding with its capital needs. Sales of shares of Cousins' stock through its banking relationships, if any, are made in amounts and at times to be determined by Cousins from time to time, but the Company has no obligation to sell any of the shares in the offering and may suspend sales in connection with the offering at any time. Sales of Cousins' common stock under Forward Sales, if undertaken, meet the derivatives and hedging guidance scope exception as the contracts are related to the Company's own stock. On April 21, 2022, the Company purchased the 10% non-controlling interest in one of its consolidated partnerships for $43.4 million. As a result of this transaction, the $15.8 million non-controlling interest book value was removed from the Company's balance sheet, and the $27.6 million of the purchase price in excess of the non-controlling interest book value was recorded as a reduction in additional paid-in-capital. On June 29, 2022, the Company issued 2.6 million shares of common stock that had been executed under Forward Sales at an average price of $39.92 per share for gross proceeds of $105.1 million. To date the Company has issued 2.6 million shares under the ATM program and has generated cash proceeds of $101.4 million, net of $1.1 million of compensation to be paid with respect to such Forward Sales, $1.7 million of dividends owed during the period the Forward Sales were outstanding, and $900,000 of other transaction related costs. To the extent, prior to settlement, shares sold under Forward Sales were potentially dilutive during the period under the treasury stock method, the impact of such dilution is disclosed in the calculation included in Note 18. The Company did not have any outstanding Forward Sales for the sale of its common stock as of December 31, 2022 . The first annual offering period for the Cousins Employee Stock Purchase Plan ("ESPP") ended on November 30, 2022, with employees purchasing a total of 22,909 shares. In 2022, the Company settled the employee purchase of shares through the ESPP by issuing treasury shares to participants. The 22,909 shares sold had a basis of $1.3 million, or $57.44 per share. Ownership Limitations — In order to minimize the risk that the Company will not meet one of the requirements for qualification as a REIT, the Company's Articles of Incorporation include certain restrictions on the ownership of more than 3.9% of the Company’s total common and preferred stock, subject to waiver by the Board of Directors. Distribution of REIT Taxable Income — The following reconciles dividends paid and dividends applied in 2022, 2021, and 2020 to meet REIT distribution requirements ($ in thousands): 2022 2021 2020 Common and preferred dividends $ 192,275 $ 182,839 $ 176,272 Dividends treated as taxable compensation (231) (192) (167) Dividends applied to meet current year REIT distribution requirements $ 192,044 $ 182,647 $ 176,105 Tax Status of Distributions — The following summarizes the components of the taxability of the Company’s common stock distributions for the years ended December 31, 2022, 2021, and 2020: Total Ordinary Long-Term Unrecaptured Section 199A Dividends Section 1061 One Year Amounts Disclosure (1) Section 1061 Three Year Amounts Disclosure (1) 2022 $ 1.270000 $ 0.880788 $ 0.389212 $ 0.045470 $ 0.880788 $ 0.389212 $ 0.389212 2021 $ 1.230000 $ 1.230000 $ — $ — $ 1.230000 $ — $ — 2020 $ 1.190000 $ — $ 1.190000 $ 0.417166 $ — $ 0.320351 $ 0.320351 (1) Amounts included in Box 2a, Total Capital Gain Distributions, for purposes of section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests."

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION 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 years ended December 31, 2022, 2021, and 2020, the Company recognized rental property revenues of $753.5 million, $739.1 million, and $721.9 million, respectively, of which $212.3 million, $199.0 million, and $188.1 million, respectively, represented variable rental revenue. For the years ended December 31, 2022, 2021, and 2020, the Company recognized fee and other revenue of $8.8 million, $16.0 million, and $18.5 million, respectively. The following tables set forth the future minimum rents to be received by consolidated entities under existing non-cancellable leases as of December 31, 2022 and 2021 respectively ($ in thousands): December 31, 2022 2023 $ 521,193 2024 529,605 2025 498,106 2026 459,579 2027 421,998 Thereafter 1,588,897 $ 4,019,378 December 31, 2021 2022 $ 496,020 2023 487,110 2024 472,827 2025 432,553 2026 387,711 Thereafter 1,516,491 $ 3,792,712

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company has several types of stock-based compensation — stock options, restricted stock, restricted stock units ("RSUs"), and the ESPP. The Company's compensation expense in 2022 relates to restricted stock and RSUs awarded in 2022, 2021, 2020, and 2019. Restricted stock and the 2022, 2021, and 2020 RSUs are equity-classified awards (settled in shares of the Company) for which compensation expense per share is fixed. The 2019 RSUs are liability-classified awards (settled in cash) for which the expense fluctuates from period to period dependent, in part, on the Company's stock price. For 2022, 2021, and 2020, stock-based compensation expense, net of forfeitures, was recorded as follows ($ in thousands): 2022 2021 2020 Equity-classified awards: Restricted stock $ 3,151 $ 2,677 $ 2,555 Market-based RSUs 4,073 2,532 1,255 Performance-based RSUs 1,173 881 428 Director grants 1,471 890 1,060 Employee Stock Purchase Plan 191 25 — 10,059 7,005 5,298 Liability-classified awards Market-based RSUs — 1,942 2,498 Performance-based RSUs — 456 258 Service-based RSUs (146) 690 633 Dividend equivalent units 69 564 675 (77) 3,652 4,064 Total stock-based compensation expense $ 9,982 $ 10,657 $ 9,362 On April 23, 2019, the Company's stockholders approved the Cousins Properties Incorporated 2019 Omnibus Incentive Stock Plan (the "2019 Plan") which allows the Company to issue awards of stock options, stock grants, or stock appreciation rights to employees and directors. The 2019 Plan also allows the Company to issue awards to employees that are paid in cash or stock on the vesting date in an amount equal to the fair market value, as defined, of one share of the Company’s stock. As of December 31, 2022, 3,249,833 shares were authorized to be awarded pursuant to the 2019 Plan. During the periods presented the Company also maintained the Cousins Properties Incorporated 2009 Incentive Stock Plan (the "2009 Plan") and the Cousins Properties Incorporated 2005 Restricted Stock Unit Plan (the “RSU Plan”), as amended, although no further issuances are permitted under the 2009 Plan or RSU Plan. Equity-Classified Awards During 2022, 2021, and 2020, the Company granted three types of equity-classified awards to key employees: (1) RSUs based on the total stockholder return ("TSR) of the Company, as defined, relative to that of office peers included a published office REIT index (the "Market-based RSUs"), (2) RSUs based on the ratio of cumulative funds from operations ("FFO") per share to targeted cumulative funds from operations per share (the “Performance-based RSUs”), (3) and restricted stock. Subsequent to year end, on February 6, 2023, the Company made modifications to its Market-based RSUs awards granted in 2022, 2021 and 2020. The modifications were made to clarify the definition of the peer group used to measure TSR award achievement. The modifications do not have a significant impact on the consolidated financial statements. The RSU awards are equity-classified awards to be settled in stock with issuance dependent upon the attainment of required service, market, and performance criteria. For the Market-based RSUs the Company expenses an estimate of the fair value of the awards on the grant date, calculated using a Monte Carlo valuation at grant date, ratably over the vesting period, adjusting only for forfeitures when they occur. The expense of these Market-based RSUs is not adjusted for the number of awards that actually vest. For the Performance-based RSUs the Company expenses the awards over the vesting period using the grant date fair market value of the Company's stock on the grant date. The expense is recognized ratably over the vesting period and adjusted each quarter based on the number of shares expected to vest and for forfeitures when they occur. The measurement period for both the market-based and performance-based RSUs is three years starting on January 1 of the year of issuance and ending on December 31 of the third year. The ultimate settlement 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. In 2022, 2021, and 2020, the Company granted, at target, 141,899, 145,413, and 101,485 of RSUs, respectively, to employees, which vest on December 31 of the last year of the respective three-year FFO and TSR measurement period. The Company estimates future expense for all equity-classified RSUs outstanding at December 31, 2022 to be $5.2 million (using estimated vesting percentages for Performance-based RSUs as of December 31, 2022), which will be recognized over a weighted-average period of 1.7 years. In 2022, 2021, and 2020, the Company granted 99,758, 102,262, and 71,421 shares, respectively, of restricted stock to employees, which vest ratably over three years from the issuance date. The Company records restricted stock in common stock and additional paid-in capital at fair value on the grant date, with the offsetting deferred compensation also recorded in additional paid-in capital. The Company records compensation expense over the vesting period. As of December 31, 2022, the Company had $3.8 million of unrecognized compensation cost included in additional paid-in capital related to restricted stock, which will be recognized over a weighted average period of 0.9 years. The total vesting date fair value of the restricted stock which vested during 2022, 2021, and 2020 was $2.9 million, $1.9 million, and $3.2 million, respectively. The following table summarizes equity-classified employee stock compensation award activity for the years ended December 31, 2022, 2021, and 2020 (shares in thousands): 2022 2021 2020 Shares Weighted Average Fair Market Value at Grant Shares Weighted Average Fair Market Value at Grant Shares Weighted Average Fair Market Value at Grant Shares unvested at beginning of the year 409 $38.63 221 $41.90 141 $34.81 Granted 242 $43.30 248 $35.44 173 $44.13 Vested (169) $41.54 (58) $37.47 (82) $34.69 Forfeited (19) $41.05 (2) $39.27 (11) $41.10 Shares unvested at end of year 463 $39.91 409 $38.63 221 $41.90 The Monte Carlo valuation used to determine the grant date fair value of the equity-classified Market-based RSUs included the following assumptions for those RSUs granted in 2022, 2021, and 2020: 2022 2021 2020 Volatility (1) 37.7 % 37.5 % 18.0 % Risk-free rate (2) 1.39 % 0.17 % 1.34 % Stock beta (3) 1.02 % 1.04 % 1.04 % (1) Based on historical volatility over three years using daily stock price. (2) Reflects the yield on three-year Treasury bonds. (3) Betas are calculated with up to three years of daily stock price data. Dividend equivalents for the 2022, 2021, and 2020 RSUs will be settled in shares of the Company's common stock based upon the number of units vested. The Company accrues for these dividend equivalent units over the measurement period as dividends are declared and they are included in distributions in excess of cumulative net income on the consolidated balance sheet. The targeted number of non-vested equity-classified RSUs at December 31, 2022 is 278,371. All shares of restricted stock receive dividends and have voting rights during the vesting period. At December 31, 2021 and 2022, the Company had no stock options outstanding to key employees and outside directors. In 2022, 2021, and 2020, there were no stock option grants to employees or directors, and the Company recognized no compensation expense related to stock options. During 2021, the Company issued 24,626 shares for option exercises. The following is a summary of stock option activity for the years ended December 31, 2021, and 2020 (options in thousands): 2021 2020 Number of Options Weighted Average Exercise Price Per Option Number of Options Weighted Average Exercise Price Per Option Outstanding at beginning of year 28 $25.55 67 $23.13 Exercised (28) $25.55 (37) $21.28 Forfeited/expired — — (2) $22.76 Outstanding at end of year — — 28 $25.55 In 2022, 2021, and 2020, the Company also granted 44,549, 34,912, and 34,059 shares, respectively, of stock to independent members of the board of directors which vested immediately on the issuance date. Liability-Classified Awards During 2019, the Company awarded three types of liability-classified awards to key employees: (1) Market-based RSUs, (2) Performance-based RSUs, (3) and Service-based RSUs. The 2019 Market-based and Performance-based RSU awards are liability-classified awards and were settled in cash in 2022 based upon the attainment of required market, performance, and service criteria for the three years ended December 31, 2021. For the 2019 Market-based RSUs, the Company expensed an estimate of the fair value of the awards over the vesting period using a quarterly Monte Carlo valuation. For the 2019 Performance-based RSUs, the Company expensed the awards 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. The 2019 Service-based RSUs vest in February 2023. The Company expenses the awards ratably over the vesting period using the fair market value of the Company's stock at the reporting date. The following table summarizes the Company's liability-classified award activity, at target, during the years ended December 31, 2022, 2021, and 2020 (shares in thousands): 2022 2021 2020 Shares Shares Shares Shares unvested at beginning of the year 43 135 316 Vested — (92) (172) Forfeited — — (9) Shares unvested at end of year 43 43 135 Market-based and Performance-based RSUs, dividend equivalent units were paid based on the percentage vested. For the 2019 RSU grants, dividend equivalent units were paid in February 2022. The Company accrues and expenses these dividend equivalent units as compensation over the service period as dividends are declared, based on the latest projected vesting percentage. For Time-vested RSUs, dividend equivalent units are paid based on the number of RSUs granted. For the 2019 time-vested RSU grants, dividend equivalent units will be paid out at the time of vesting in February 2023. The Company accrues and expenses these dividend equivalent units as compensation over the service period as dividends are declared. The Company estimates future expense the Service-based liability-classified RSUs outstanding at December 31, 2022 to be $31,000 (using stock prices as of December 31, 2022), which will be recognized over a weighted-average period of 0.1 years. There were no Market-based or Performance-based liability awards outstanding as of December 31, 2022. During 2022, total cash paid for all types of liability-classified RSUs and related dividend payments was $6.6 million. Employee Stock Purchase Plan On October 26, 2021, the Company’s board of directors adopted the ESPP, which was approved by stockholders at the 2022 annual meeting. Pursuant to the ESPP, employees may contribute up to 15% of their cash compensation during annual purchase periods for the purchase of Cousins’ common stock up to an annual maximum of $21,250 per employee. On each purchase period ending November 30, participants’ individual account balances are used to acquire shares of common stock at 85% of the Company’s closing price as of December 1 (the beginning of the purchase period) or November 30 (the end of the purchase period), whichever is lower. As of December 31, 2022 and 2021, 78 and 95 employees were enrolled in the plan, respectively. As of and for the year ended December 31, 2022, 22,909 shares of common stock have been purchased under the ESPP. The total purchase date fair value of the shares purchased during 2022 was $604,000. Contributions for the purchase period ending November 30, 2023 are expected to be $588,000. Contributions for the purchase period ending November 30, 2022 were $514,000. As of December 31, 2022, the Company estimates future expense related to the open purchase period to be $137,000.

Retirement Savings Plan

Retirement Savings Plan	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
RETIREMENT SAVINGS PLAN	RETIREMENT SAVINGS PLAN The Company maintains a defined contribution plan (the “Retirement Savings Plan”) pursuant to Section 401 of the Internal Revenue Code (the “Code”) which covers active regular employees. Employees are eligible to participate in the Retirement Savings Plan immediately upon hire, and pre-tax contributions are allowed up to the limits set by the Code. The Company contributes 3% of an employee's eligible compensation to the plan, which is fully vested after the employee has been with the Company for two years. The Company may change this percentage at its discre tion; and, in addition, the Company could decide to make discretionary contributions in the future. The Company contributed $1.0 million, $1.0 million, and $1.0 million to the Retirement Savings Plan for the 2022, 2021, and 2020 plan years, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The net income tax benefit differs from the amount computed by applying the statutory federal income tax rate to CTRS' income before taxes as follows ($ in thousands): 2022 2021 2020 Amount Rate Amount Rate Amount Rate Federal income tax benefit (expenses) $ 85 21 % $ 346 21 % $ 125 21 % State income tax benefit (expense), net of federal income tax effect 16 4 66 4 24 4 Deferred tax adjustment — — — — 21 4 Capital loss (gain) (29) — (10) — 404 68 Valuation allowance (60) (15) (346) (26) (586) (98) Other (12) (10) (56) 1 12 1 Benefit applicable to net income (loss) $ — — % $ — — % $ — — % The tax effect of significant temporary differences representing deferred tax assets and liabilities of CTRS as of December 31, 2022 and 2021 are as follows ($ in thousands): 2022 2021 Income from unconsolidated joint ventures $ 5 $ 27 Federal and state tax net operating loss carryforwards 1,636 1,163 Federal and state tax capital loss carryforwards 179 570 Gross deferred tax asset 1,820 1,760 Valuation allowance (1,820) (1,760) Net deferred tax asset after valuation allowance $ — $ —

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of the basic and diluted earnings per share of the Company's consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020 ($ in thousands, except per share amounts): Year Ended December 31 2022 2021 2020 Earnings per common share - basic: Numerator: Net income $ 167,445 $ 278,996 $ 238,114 Net income attributable to noncontrolling interests in CPLP (143) (56) (315) Net income attributable to other noncontrolling interests (509) (354) (521) Net income available for common stockholders $ 166,793 $ 278,586 $ 237,278 Denominator: Weighted average common shares - basic 150,113 148,666 148,277 Net income per common share - basic $ 1.11 $ 1.87 $ 1.60 Earnings per common share - diluted: Numerator: Net income $ 167,445 $ 278,996 $ 238,114 Net income attributable to other noncontrolling interests (509) (354) (521) Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP $ 166,936 $ 278,642 $ 237,593 Denominator: Weighted average common shares - basic 150,113 148,666 148,277 Add: Potential dilutive common shares - stock options — 1 8 Potential dilutive restrictive stock units - RSUs, less shares assumed purchased at market price 281 199 54 Weighted average units of CPLP convertible into common shares 25 25 297 Weighted average common shares - diluted 150,419 148,891 148,636 Net income per common share - diluted $ 1.11 $ 1.87 $ 1.60

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - Supplemental Information	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION	CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION Supplemental information related to cash flows, including significant non-cash activity affecting the consolidated statements of cash flows, for the years ended December 31, 2022, 2021, and 2020 is as follows ($ in thousands): 2022 2021 2020 Interest paid, net of amounts capitalized $ 70,087 $ 68,003 $ 62,641 Income taxes paid (1) 38 155 343 Non-Cash Transactions: Common stock dividends declared and accrued 48,525 47,350 44,681 Transfer from projects under development to operating properties 141,348 — 443,932 Tenant improvements recorded in deferred income 80,369 4,541 15,803 Transfer from investment in unconsolidated joint ventures to operating properties — 37,777 — Transfer from operating properties and related liabilities to assets and liabilities of real estate assets held for sale — — 188,378 (1) This represents state income taxes paid in conjunction with gains from sales transaction. See notes 5 and 7 for disclosure of related expense. The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the balance sheet to cash, cash equivalents, and restricted cash in the statements of cash flows ($ in thousands): Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 5,145 $ 8,937 $ 4,290 Restricted cash — 1,231 1,848 Total cash, cash equivalents, and restricted cash $ 5,145 $ 10,168 $ 6,138

Reportable Segments

Reportable Segments	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS The Company's segments are based on the method of internal reporting which classifies operations by property type and geographical area. The segments by property type are: Office and Non-Office. The segments by geographical region are: Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. Included in other markets are properties located in Chapel Hill (sold in September 2022), Houston, Nashville, and Fort Worth (sold in April 2021). Included in Non-Office are retail and apartments in Chapel Hill (sold in September 2022) and Atlanta, as well as the College Street Garage in Charlotte. In the third quarter of 2021, with the sale of the Company's One South at the Plaza office property, the Company reassessed the segment for the College Street Garage and began to treat it as Non-Office for all periods presented. 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 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, reimbursed expenses, interest expense, depreciation and amortization, impairments, gains/loss on sales of real estate, gain/loss on extinguishment of debt, transaction costs 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 years ended December 31, 2022, 2021, and 2020 are as follows ($ in thousands): Year Ended December 31, 2022 Office Non-Office Total Revenues: Atlanta $ 278,418 $ 1,791 $ 280,209 Austin 249,776 — 249,776 Charlotte 55,312 5,034 60,346 Dallas 16,736 — 16,736 Phoenix 57,635 — 57,635 Tampa 70,984 — 70,984 Other markets 28,831 3,931 32,762 Total segment revenues 757,692 10,756 768,448 Less: Company's share of rental property revenues from unconsolidated joint ventures (9,215) (5,722) (14,937) Total rental property revenues $ 748,477 $ 5,034 $ 753,511 Year Ended December 31, 2021 Office Non-Office Total Revenues: Atlanta $ 268,953 $ 1,459 $ 270,412 Austin 247,806 — 247,806 Charlotte 74,702 2,700 77,402 Dallas 17,670 — 17,670 Phoenix 50,292 — 50,292 Tampa 59,614 — 59,614 Other markets 39,403 5,257 44,660 Total segment revenues 758,440 9,416 767,856 Less: Company's share of rental property revenues from unconsolidated joint ventures (22,075) (6,718) (28,793) Total rental property revenues $ 736,365 $ 2,698 $ 739,063 Year Ended December 31, 2020 Office Non-Office Total Revenues: Atlanta $ 255,594 $ 602 $ 256,196 Austin 210,229 — 210,229 Charlotte 94,520 2,017 96,537 Dallas 18,143 — 18,143 Phoenix 50,671 — 50,671 Tampa 54,261 — 54,261 Other markets 59,285 4,895 64,180 Total segment revenues 742,703 7,514 750,217 Less: Company's share of rental property revenues from unconsolidated joint ventures (22,837) (5,497) (28,334) Total rental property revenues $ 719,866 $ 2,017 $ 721,883 NOI by reportable segment for the years ended December 31, 2022, 2021, and 2020 are as follows ($ in thousands): Year Ended December 31, 2022 Office Non-Office Total Net Operating Income: Atlanta $ 184,609 $ 1,040 $ 185,649 Austin 152,806 — 152,806 Charlotte 41,234 3,602 44,836 Dallas 12,890 — 12,890 Phoenix 41,544 — 41,544 Tampa 45,187 — 45,187 Other markets 16,879 2,409 19,288 Total Net Operating Income $ 495,149 $ 7,051 $ 502,200 Year Ended December 31, 2021 Office Non-Office Total Net Operating Income: Atlanta $ 176,793 $ 622 $ 177,415 Austin 146,923 — 146,923 Charlotte 53,294 1,351 54,645 Dallas 14,014 — 14,014 Phoenix 36,244 — 36,244 Tampa 38,305 — 38,305 Other markets 22,791 3,383 26,174 Total Net Operating Income $ 488,364 $ 5,356 $ 493,720 Year Ended December 31, 2020 Office Non-Office Total Net Operating Income: Atlanta $ 172,588 $ (49) $ 172,539 Austin 125,215 1,327 125,215 Charlotte 63,876 — 65,203 Dallas 14,586 — 14,586 Phoenix 37,358 — 37,358 Tampa 33,440 — 33,440 Other markets 34,346 3,347 37,693 Total Net Operating Income $ 481,409 $ 4,625 $ 486,034 The following reconciles Net Income to Net Operating Income for each of the periods presented ($ in thousands): Year Ended December 31, 2022 2021 2020 Net income $ 167,445 $ 278,996 $ 238,114 Net operating income from unconsolidated joint ventures 9,524 19,223 18,836 Fee income (6,119) (15,559) (18,226) Termination fee income (2,464) (5,105) (3,835) Other income (2,660) (451) (231) Reimbursed expenses 2,024 2,476 1,580 General and administrative expenses 28,319 29,321 27,034 Interest expense 72,537 67,027 60,605 Impairment — — 14,829 Depreciation and amortization 295,587 288,092 288,648 Transaction costs — — 428 Other expenses 2,134 2,131 2,091 Income from unconsolidated joint ventures (7,700) (6,801) (7,947) Gain on sale of investment in unconsolidated joint ventures (56,267) (13,083) (45,767) Gain on sale of investment properties 9 (152,547) (90,125) Gain on extinguishment of debt (169) — — Net Operating Income $ 502,200 $ 493,720 $ 486,034

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 ($ in thousands) Initial Cost to Company Costs Capitalized Subsequent Gross Amount at Which Carried Description/Metropolitan Area Encumbrances Land and Buildings and Land and Building and Improvements less Cost of Sales, Transfers and Other Land and Building and Improvements less Cost of Sales, Transfers and Other Total (a)(b) Accumulated Date of Date Life on Which Depreciation in 2022 Statement of Operations is Computed (c) OPERATING PROPERTIES The Domain $ 74,521 $ 65,236 $ 755,143 $ 6,006 $ 288,737 $ 71,242 $ 1,043,880 $ 1,115,122 $ 103,911 — 2019 5 - 40 years Austin, TX Terminus 221,000 49,050 410,826 — 45,715 49,050 456,541 505,591 49,845 — 2019 5 - 40 years Atlanta, GA Northpark Town Center — 22,350 295,825 — 66,161 22,350 361,986 384,336 93,350 — 2014 5 - 39 years Atlanta, GA Corporate Center (d) — 2,468 272,148 16,733 63,554 19,201 335,702 354,903 71,090 — 2016 5 - 40 years Tampa, FL Spring & 8th — 28,131 — 426 301,770 28,557 301,770 330,327 51,746 2015 2015 5 - 40 years Atlanta, GA Buckhead Plaza — 35,064 234,111 — 54,902 35,064 289,013 324,077 46,738 — 2016 5 - 40 years Atlanta, GA 725 Ponce — 20,720 272,226 — 14,096 20,720 286,322 307,042 12,139 — 2021 5 - 40 years Atlanta, GA 300 Colorado (d) — 18,354 278,905 (18) 7,413 18,336 286,318 304,654 8,040 2022 2021 5 - 40 years Austin, TX Hayden Ferry — 13,102 262,578 (252) 22,298 12,850 284,876 297,726 60,247 — 2016 5 - 40 years Phoenix, AZ The Terrace — 27,360 247,226 — 22,201 27,360 269,427 296,787 29,755 — 2019 5 - 40 years Austin, TX One Eleven Congress — 33,841 201,707 — 51,421 33,841 253,128 286,969 44,830 — 2016 5 - 40 years Austin, TX Briarlake Plaza — 33,486 196,915 — 17,078 33,486 213,993 247,479 27,131 — 2019 5 - 40 years Houston, TX San Jacinto Center — 34,068 176,535 (579) 26,742 33,489 203,277 236,766 34,726 — 2016 5 - 40 years Austin, TX 3344 Peachtree — 16,110 176,153 — 40,615 16,110 216,768 232,878 41,789 — 2016 5 - 40 years Atlanta, GA Fifth Third Center 130,168 22,591 180,430 — 20,533 22,591 200,963 223,554 55,453 — 2014 5 - 40 years Charlotte, NC Continued on next page The RailYard $ — $ 22,831 $ 178,323 $ — $ 1,225 $ 22,831 $ 179,548 $ 202,379 $ 12,572 — 2020 5 - 40 years Charlotte, NC Avalon — 9,952 — 73 180,312 10,025 180,312 190,337 29,015 2016 2016 5 - 40 years Atlanta, GA 100 Mill — 13,156 — 5 168,427 13,161 168,427 181,588 4,456 2022 2022 5 - 40 years Phoenix, AZ Promenade Tower — 13,439 102,790 — 62,902 13,439 165,692 179,131 57,571 — 2011 5 - 34 years Atlanta, GA 3350 Peachtree — 16,836 108,177 — 44,203 16,836 152,380 169,216 19,833 — 2016 5 - 40 years Atlanta, GA Heights Union — 9,545 123,944 — 19,073 9,545 143,017 152,562 5,843 — 2021 5 - 40 years Tampa, FL Colorado Tower (d) 109,552 1,600 — 20,560 123,938 22,160 123,938 146,098 41,388 2013 2013 5 - 30 years Austin, TX Legacy Union One — 13,049 128,740 — 231 13,049 128,971 142,020 17,375 — 2019 5 - 40 years Dallas, GA Promenade Central (e) — 19,495 62,836 — 51,464 19,495 114,300 133,795 4,880 — 2019 5 - 40 years Atlanta, GA 550 South — 51 115,238 — 9,342 51 124,580 124,631 25,827 — 2016 5 - 40 years Charlotte, NC Tempe Gateway — 5,893 95,130 — 6,490 5,893 101,620 107,513 15,959 — 2016 5 - 40 years Phoenix, AZ Domain Point — 17,349 71,599 — 11,961 17,349 83,560 100,909 10,826 — 2019 5 - 40 years Austin, TX 5950 Sherry Lane — 8,040 65,919 — 7,688 8,040 73,607 81,647 8,329 — 2019 5 - 40 years Dallas, GA 111 West Rio — 6,076 56,647 (127) 18,987 5,949 75,634 81,583 16,922 — 2017 5 - 40 years Phoenix, AZ 3348 Peachtree — 6,707 69,723 — 1,575 6,707 71,298 78,005 16,135 — 2016 5 - 40 years Atlanta, GA The Pointe — 9,404 54,694 — 8,637 9,404 63,331 72,735 13,576 — 2016 5 - 40 years Tampa, FL Harborview Plaza — 10,800 39,136 — 10,040 10,800 49,176 59,976 10,184 — 2016 5 - 40 years Tampa, FL Research Park V — 4,373 — 801 45,081 5,174 45,081 50,255 15,462 2014 1998 5 - 30 years Austin, TX Continued on next page Meridian Mark Plaza $ — $ 2,219 $ — $ — $ 25,954 $ 2,219 $ 25,954 $ 28,173 $ 17,922 1997 1997 5 - 30 years Atlanta, GA Miscellaneous Investments — 15,318 69,780 33 2,121 15,351 71,901 87,252 4,797 Total Operating Properties 535,241 628,064 5,303,404 43,661 1,842,887 671,725 7,146,291 7,818,016 1,079,662 PROJECTS UNDER DEVELOPMENT Domain 9 — 16,640 — — 94,760 16,640 94,760 111,400 — — 2018 Austin, TX Total Projects Under Development — 16,640 — — 94,760 16,640 94,760 111,400 — LAND South End Station — 28,134 — — — 28,134 — 28,134 — — 2020 Charlotte, NC 887 West Peachtree (f) — 11,883 — 14,429 — 26,311 — 26,311 — — 2019 Atlanta, GA Legacy Union 2 & 3 — 22,724 — — — 22,724 — 22,724 — — 2019 Dallas, GA 3354 Peachtree — 13,410 — 8,099 — 21,509 — 21,509 — — 2018 Atlanta, GA Domain 14 & 15 — 21,000 — — — 21,000 — 21,000 — — 2019 Austin, TX Tremont — 18,779 — 75 — 18,854 — 18,854 — — 2020 Charlotte, NC Domain Point 3 — 11,018 — — — 11,018 — 11,018 — — 2020 Austin, TX Corporate Center (d) — 5,188 — (8) — 5,180 — 5,180 — — 2019 Tampa, FL The Avenue Forsyth -Adjacent Land — 11,240 — (7,540) — 3,700 — 3,700 — — 2007 Suburban Atlanta, GA Total Commercial Land — 143,376 — 15,055 — 158,430 — 158,430 — Total Properties $ 535,241 $ 788,080 $ 5,303,404 $ 58,716 $ 1,937,647 $ 846,795 $ 7,241,051 $ 8,087,846 $ 1,079,662 COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 ($ in thousands) NOTES: (a) Reconciliations of total real estate carrying value and accumulated depreciation as of and for the years ended December 31, 2022, 2021, and 2020 are as follows: Real Estate Accumulated Depreciation 2022 2021 2020 2022 2021 2020 Balance at beginning of period $ 7,714,382 $ 7,370,401 $ 7,158,069 $ 874,988 $ 811,196 $ 621,617 Additions during the period: Acquisitions — 723,694 286,252 — — — Improvements and other capitalized costs 436,201 280,823 323,919 — — — Depreciation expense — — — 267,411 246,240 234,057 Total Additions 436,201 1,004,517 610,171 267,411 246,240 234,057 Deductions during the period: Cost of real estate sold — (552,201) (383,010) — (74,113) (44,478) Write off of fully depreciated assets (62,737) (108,335) — (62,737) (108,335) — Total Deductions (62,737) (660,536) (383,010) (62,737) (182,448) (44,478) Balance at end of period before impairment charges 8,087,846 7,714,382 7,385,230 1,079,662 874,988 811,196 Cumulative impairment charges on real estate assets owned at end of period — — (14,829) — — — Balance at end of period $ 8,087,846 $ 7,714,382 $ 7,370,401 $ 1,079,662 $ 874,988 $ 811,196 (b) The aggregate cost for federal income tax purposes, net of depreciation, was $5.6 billion (unaudited) at December 31, 2022. (c) Buildings and improvements are depreciated over 30 to 40 years. Leasehold improvements and other capitalized leasing costs are depreciated over the life of the asset or the term of the lease, whichever is shorter. (d) Some or all of the land at these properties is controlled under an operating ground lease. The Company's Land and Improvements assets are reduced over time by the amortization of the right-of-use assets related to these ground leases. (e) Promenade Central is in the final states of redevelopment and is expected to be substantially complete in 2023. (f) Some or all of the land at these properties is controlled under a financing ground lease.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The consolidated financial statements include the accounts of the Company and its consolidated partnerships and wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. The Company presents its financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) as outlined in the Financial Accounting Standard Board’s Accounting Standards Codification (the “Codification” or “ASC”). The Codification is the single source of authoritative accounting principles applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP.
Cost Capitalization, Depreciation and Amortization	Cost Capitalization: Costs related to planning, developing, leasing, and constructing a property, including costs of development personnel working directly on projects under development, are capitalized. In addition, the Company capitalizes interest to qualifying assets under development based on average accumulated expenditures outstanding during the period. In capitalizing interest to qualifying assets, the Company first uses the interest incurred on specific project debt, if any, and next uses the Company’s weighted average interest rate for non-project specific debt. The Company also capitalizes interest to investments accounted for under the equity method when the investee has property under development with a carrying value in excess of the investee’s borrowings. To the extent debt exists within an unconsolidated joint venture during the construction period, the venture capitalizes interest on that venture-specific debt. The Company capitalizes interest, real estate taxes, and certain operating expenses on the unoccupied portion of development properties, which have ongoing construction of tenant improvements, until the earlier of (i) the date on which the development project achieves 90% economic occupancy or (ii) one year from cessation of major construction activity on the core building development. Depreciation and Amortization: Real estate assets are stated at depreciated cost less impairment, if any. Buildings are depreciated over their estimated useful lives, which range generally from 30 to 40 years. The life of a particular building depends upon a number of factors including whether the building was developed or acquired and the condition of the building upon acquisition. Furniture, fixtures, and equipment are depreciated over their estimated useful lives of three
Impairment	Impairment: We review our real estate assets on a property-by-property basis for impairment. This review includes our operating properties, properties under development, and land holdings. The first step in this process is to determine whether an asset is considered to be held and used or held for sale, in accordance with accounting guidance. In order to be considered a real estate asset held for sale, we must, among other things, have the authority to commit to a plan to sell the asset in its current condition, have commenced the plan to sell the asset, and have determined that it is probable that the asset will sell within one year. If we determine that an asset is held for sale, we record an impairment loss if the fair value less costs to sell is less than the carrying amount. All real estate assets not meeting the held for sale criteria are considered to be held and used.
Acquisition of Real Estate Assets	Acquisition of Real Estate Assets: The Company evaluates all real estate acquisitions to determine if the transactions qualify as an acquisition of assets or of a business. If the Company determines that substantially all of the fair value is concentrated in a single identifiable asset or group of similar assets, the Company will account for the acquisition as an acquisition of assets and not a business. If the Company determines that there is no single or group of assets that make up substantially all of the fair value of assets acquired, the Company must determine whether the acquired set of assets includes an input and substantial processes which create an output. Based on the facts of the transactions and guidance in ASC 805, if the Company determines that an input and substantial processes that create an output are present, the Company will account for the acquisition as an acquisition of a business. For acquisitions that are accounted for as an acquisition of an asset, the Company records the acquired tangible and intangible assets and assumed liabilities based on each asset and liability's relative fair value at the acquisition date to the total purchase price plus capitalized acquisition costs. For acquisitions that are accounted for as an acquisition of a business, the Company records the acquired tangible and intangible assets and assumed liabilities at fair value at the acquisition date, excluding any acquisition costs, which are expensed as incurred. The acquired assets and assumed liabilities for an operating property acquisition generally include but are not limited to: land, buildings and improvements, and identified tangible and intangible assets and liabilities associated with in-place leases, including leasing costs, value of above-market and below-market tenant leases, value of above-market and below-market ground leases, and acquired in-place lease values, if any. The fair value of land is derived from comparable sales of land within the same submarket and/or region. The fair value of buildings and improvements, tenant improvements, and leasing costs are based upon current market replacement costs and other relevant market rate information. The fair value of the above-market or below-market component of an acquired lease is based upon the present value (calculated using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term and (ii) management’s estimate of the rents that would be paid using fair market rental rates and rent escalations at the date of acquisition over the remaining term of the lease. The amounts recorded for above-market and below-market ground leases are included in intangible liabilities and intangible assets, respectively, and are amortized on a straight-line basis into rental property revenues over the remaining terms of the applicable leases. The fair value of acquired in-place leases is derived based on management’s assessment of lost revenue and costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased. The amount recorded for acquired in-place leases is included in intangible assets and amortized as an increase to depreciation and amortization expense over the remaining term of the applicable leases.
Investment in Joint Ventures	Investment in Joint Ventures For joint ventures that the Company does not control, but over which it exercises significant influence, the Company uses the equity method of accounting. The Company's judgment with regard to its level of influence or control of an entity involves consideration of various factors including the form of its ownership interest; its representation in the entity's governance; its ability to participate in policy-making decisions; and the rights of other investors to participate in the decision-making process, to replace the Company as manager, and/or to liquidate the venture. These ventures are recorded at cost and adjusted for equity in earnings (losses) and cash contributions and distributions. Any difference between the carrying amount of these investments on the Company’s consolidated balance sheet and the underlying equity in net assets on the joint venture’s balance sheet is adjusted as the related underlying assets are depreciated, amortized, or sold. The Company generally allocates income and loss from an unconsolidated joint venture based on the venture's distribution priorities, which may be different from its stated ownership percentage.
Noncontrolling Interest	Noncontrolling Interest The Company consolidates CPLP and certain joint ventures in which it owns a controlling interest. In cases where the entity’s documents do not contain a required redemption clause, the Company records the partner’s share of the entity in the equity section of the balance sheets in nonredeemable noncontrolling interests. In cases where the entity’s documents contain a provision requiring the Company to purchase the partner’s share of the venture at a certain value upon demand or at a future date, if any, the Company records the partner’s share of the entity in redeemable noncontrolling interests on the balance sheets. The outside partners' interests in CPLP are redeemable on a one-for-one basis, upon demand, into shares of common stock of the Company or, at the Company's sole discretion, into the cash equivalent of such share of common stock. Therefore, noncontrolling interests associated with CPLP are considered nonredeemable noncontrolling interests. The noncontrolling partners' share of all consolidated entities' income is reflected in net income attributable to noncontrolling interest on the statements of operations.
Revenue Recognition	Revenue Recognition Rental Property Revenues: The Company recognizes contractual revenues from leases on a straight-line basis over the term of the respective lease. If we determine the improvements are our assets, we capitalize the cost of the improvements and recognize depreciation expense associated with such improvements over the shorter of the estimated useful life or the term of the lease. If the improvements are tenant assets, we defer the cost of improvements funded by us as a lease incentive asset and amortize it as a reduction of rental revenue over the term of the lease. Our determination of whether improvements are our assets or tenant assets also affects when we commence revenue recognition in connection with a lease. The Company records deferred revenue for the portion of company owned tenant improvements funded by or reimbursed by tenants and amortizes this amount on a straight-line basis into rental income over the term of the related lease. As of December 31, 2022 and 2021, the Company had unamortized deferred income related to tenant funded tenant improvements of $100.1 million and $30.2 million, respectively, included in deferred income on the consolidated balance sheets. Fee Income: The Company recognizes development, management, and leasing fees as it satisfies the related performance obligations under the respective contracts. The Company recognizes development and leasing fees received from investments in unconsolidated joint ventures and related salaries and other direct costs incurred by the Company as income and expense based on the percentage of the joint venture which the Company does not own. Correspondingly, the Company adjusts its investment in unconsolidated joint ventures when fees are paid to the Company by a joint venture in which the Company has an ownership interest. Gain on Investment Property Transactions: The Company recognizes a gain on the sale of investment property at the time the buyer obtains control of the investment property. If the Company maintains any continuing involvement with the investment property, that continuing involvement is considered to be one or more additional performance obligations and additional gains or losses will be recognized as these performance obligations are satisfied. When the Company gains control of a previously unconsolidated investment accounted for under the equity method of accounting, it records a gain for the difference between the carrying value of its equity method investment and the fair value of that investment on the date control is gained.
Receivables	The Company makes valuation adjustments to all tenant-related accounts receivable based upon its estimate of the likelihood of collectibility of amounts due from the tenant. The amount of any valuation adjustment is based on the tenant’s credit and business risk, history of payment, and other factors considered by management.In limited circumstances to date, the Company has entered into lease amendments with certain tenants, a majority of which are small retail operators who have experienced disruptions in their business as a result of the COVID-19 pandemic. Some of these agreements forgive rents and extend the lease term for the equivalent number of months at the end of the original lease and others provide for forgiveness without extension. Rent forgiveness, with or without extensions, is accounted for as lease modifications, and the Company recognizes the effects over time through straight-line rent over the lease term. Other agreements provide for payment deferrals without extensions. The Company accounts for these deferral agreements as lease modifications and has included these deferred payments in deferred rents receivable on the accompanying consolidated balance sheets.
Income Taxes	Income Taxes The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Company must distribute annually at least 90% of its adjusted taxable income, as defined in the Code, to its stockholders and satisfy certain other organizational and operating requirements. It is management’s current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to federal income tax at the corporate level on the taxable income it distributes to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates and may not be able to qualify as a REIT for four subsequent taxable years. The Company may be subject to certain state and local taxes on its income and property, and to federal income taxes on its undistributed taxable income.
Stock Compensation	Stock Compensation The Company accounts for stock-based employee compensation using the fair value measurement method. We classify share-based payment awards granted in exchange for employee services as either equity awards or liability awards. Equity-classified awards are measured based on the fair value on the date of grant. Awards that are to be settled in cash are classified as liability awards. The value of all of the Company's share-based awards is recognized over the period during which an employee is required to provide services in exchange for the award - the requisite service period (usually the vesting period). No compensation costs are recognized for awards for which employees do not complete the requisite service period.
Derivative Financial Instruments	Derivative Financial Instruments The Company manages its exposure to interest rate risk associated with its floating-rate debt using derivative financial instruments, specifically interest rate swaps. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure, as well as to hedge specific anticipated transactions. Interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Derivatives are carried at fair value on the balance sheet as either other assets or other liabilities. If the hedging instrument is designated as a cash flow hedge and is determined to be highly effective, any gain or loss from changes in the fair value of the hedging instruments are reported as a component of other comprehensive income included in the equity section of the balance sheet. When the forecasted transaction occurs, the effective portion of the gain or loss on the hedge is reclassified from other comprehensive income to the income statement. The Company regularly assesses the effectiveness of the hedge relationships between the hedging instrument and the underlying exposure being hedged. The Company also regularly assesses the effectiveness of its risk management strategies and its use of derivative financing instruments.
Earnings per Share	Earnings per Share Net income per share-basic is calculated as net income available to common stockholders divided by the weighted average number of common shares outstanding during the period, including nonvested restricted stock which has nonforfeitable dividend rights. Net income per share-diluted is calculated as net income available to common stockholders plus noncontrolling interests in CPLP divided by the diluted weighted average number of common shares outstanding during the period. Diluted weighted average number of common shares uses the same weighted average share number as in the basic calculation and adds the potential dilution that would occur if (i) the outside units in CPLP were converted into the Company's common stock, (ii) any forward sales contracts of our common stock were settled, and (iii) equity-based restricted stock units ("RSUs") as well as shares to be issued under the Employee Stock Purchase Plan (“ESPP”) were vested and settled resulting in additional common shares outstanding, all calculated using the treasury stock method, as applicable. RSUs are dilutive if the shares to be granted (assuming the end of the reporting period is the end of the measurement of any required market and performance achievement) exceed the shares assumed to be repurchased under the treasury stock method (using related unamortized compensation costs as proceeds). Shares to be issued under the ESPP are dilutive if the estimated shares to be purchased under the plan based on current enrollment elections exceed the shares assumed to be repurchased under the treasury stock method (using both employee ESPP contributions and related unamortized compensation costs as proceeds).
Cash and Cash Equivalents	Cash and Cash EquivalentsCash and cash equivalents include unrestricted cash and highly-liquid money market instruments. Highly-liquid money market instruments include securities and repurchase agreements with original maturities of three months or less, money market mutual funds, and United States Treasury Bills with maturities of 30 days or less.
Restricted Cash	Restricted Cash Restricted cash primarily includes escrow accounts held by lenders for reserves or to pay real estate taxes.
Determination of Fair Values	Determination of Fair Values The Company uses fair values in the preparation of the financial statements and related footnote disclosures under the Fair Value Hierarchy prescribed by GAAP. The hierarchy is used to determine fair values of long-lived assets when recording impairments (see note 4), disclosing fair values of debt as of the balance sheet date (see note 9), and recording cash flow hedges (see note 10). All of these determinations are made based on Level 2 inputs, which are described more fully in the respective footnotes. Fair values used for stock compensation are based on the assumptions and methodologies described in note 15 and are excepted from the Fair Value Hierarchy disclosure requirements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reportable Segments	The Company's segments are based on the method of internal reporting which classifies operations by property type and geographical area. The segments by property type are: Office and Non-Office. The segments by geographical region are: Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. Included in other markets are properties located in Chapel Hill (sold in September 2022), Houston, Nashville, and Fort Worth (sold in April 2021). Included in Non-Office are retail and apartments in Chapel Hill (sold in September 2022) and Atlanta, as well as the College Street Garage in Charlotte. In the third quarter of 2021, with the sale of the Company's One South at the Plaza office property, the Company reassessed the segment for the College Street Garage and began to treat it as Non-Office for all periods presented. 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 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, reimbursed expenses, interest expense, depreciation and amortization, impairments, gains/loss on sales of real estate, gain/loss on extinguishment of debt, transaction costs and other non-operating items.

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Asset acquisition	The following table summarizes these transactions and the resulting purchase price allocations ($ in thousands): 300 Colorado (1) Heights Union 725 Ponce Gross Purchase Price $ 162,500 $ 144,800 $ 300,200 Acquisition Date December 2021 October 2021 July 2021 Square Feet 369,000 294,000 372,000 Market Austin Tampa Atlanta Purchase Price Allocation Tangible assets Operating properties $ 297,259 $ 133,489 $ 292,946 297,259 133,489 292,946 Intangible assets In-place leases 13,974 5,894 12,788 Below market ground lease 840 — — Above market leases 21 1,322 1,770 14,835 7,216 14,558 Intangible liabilities Below market leases (10,369) (2,501) (6,739) (10,369) (2,501) (6,739) Total net assets (2) $ 301,725 $ 138,204 $ 300,765 (1) Purchase price represents cost of acquiring partners' 50% interest in 300 Colorado Project LP, resulting in consolidation of this previously unconsolidated property (see note 6 for more information on this transaction). (2) Represents amounts, including acquisition costs, assigned to the net assets consolidated in the balance sheet upon acquisition. Market Acres Gross Purchase Price 887 West Peachtree Atlanta 0.7 $ 10,000 3354/3356 Peachtree Atlanta 0.2 $ 8,000
Schedule of assets and liabilities of properties held for sale	During 2021, the Company sold three office properties. The following table summarizes these transactions ($ in thousands): Property Location Date Square Feet Sales Price Gain on Sale, Net 816 Congress Austin December 2021 435,000 $ 174,000 $ 77,200 One South at the Plaza Charlotte July 2021 891,000 $ 271,500 $ 12,700 Burnett Plaza Fort Worth April 2021 1,000,000 $ 137,500 $ 200

Ground Leases (Tables)

Ground Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of future minimum payments on operating ground leases, ASU 842	The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2022, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2023 $ 1,925 $ 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — 2027 2,010 — Thereafter 173,313 — $ 183,145 $ 4,000 Discount (133,571) (445) Lease liability $ 49,574 $ 3,555 The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2021, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2022 $ 1,921 $ 162 2023 1,925 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — Thereafter 175,323 — $ 185,066 $ 4,162 Discount (135,596) (607) Lease liability $ 49,470 $ 3,555
Schedule of future minimum payments on finance ground leases, ASU 842	The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2022, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2023 $ 1,925 $ 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — 2027 2,010 — Thereafter 173,313 — $ 183,145 $ 4,000 Discount (133,571) (445) Lease liability $ 49,574 $ 3,555 The following table represents the undiscounted cash flows of our scheduled obligations for future minimum payments for ground leases as of December 31, 2021, with a reconciliation of these cash flows to the related ground lease liabilities in accordance with ASC 842 ($ in thousands): Operating Ground Leases Finance Ground Leases 2022 $ 1,921 $ 162 2023 1,925 162 2024 1,933 162 2025 1,958 3,676 2026 2,006 — Thereafter 175,323 — $ 185,066 $ 4,162 Discount (135,596) (607) Lease liability $ 49,470 $ 3,555

Investment in Unconsolidated _2

Investment in Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of financial data and principal activities of unconsolidated joint ventures	The information included in the following table entitled summary of financial position is as of December 31, 2022 and 2021 (in thousands). The information included in the summary of operations table is for the years ended December 31, 2022, 2021, and 2020 ($ in thousands). SUMMARY OF FINANCIAL POSITION Total Assets Total Debt Total Equity (Deficit) Company's Investment 2022 2021 2022 2021 2022 2021 2022 2021 Operating Properties: AMCO 120 WT Holdings, LLC $ 81,136 $ 83,546 $ — $ — $ 80,509 $ 82,739 $ 14,856 $ 15,347 Crawford Long - CPI, LLC 22,857 24,709 62,856 64,566 (39,691) (40,221) (19,173) (1) (19,356) (1) Under Development: Neuhoff Holdings LLC 321,338 133,691 115,940 28,390 177,734 93,218 93,647 47,529 Land: 715 Ponce Holdings LLC 8,333 8,150 — — 8,332 8,150 4,261 4,165 Sold and Other: Carolina Square Holdings LP — 113,011 — 132,654 — (34,066) — (15,786) (1) HICO Victory Center LP 158 16,421 — — 5,818 15,962 75 10,723 Other — 518 — — — 11 — 47 $ 433,822 $ 380,046 $ 178,796 $ 225,610 $ 232,702 $ 125,793 $ 93,666 $ 42,669 (1) These negative balances are included in deferred income on the consolidated balance sheets. SUMMARY OF OPERATIONS Total Revenues Net Income (Loss) Company's Income (Loss) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Operating Properties: AMCO 120 WT Holdings, LLC $ 10,844 $ 8,894 $ 3,000 $ 3,245 $ 639 $ 2,740 $ 632 $ 115 $ (552) Crawford Long - CPI, LLC 13,298 13,118 12,650 4,530 4,032 3,797 2,117 1,869 1,808 Under Development: Neuhoff Holdings LLC 140 51 — 94 51 — 47 25 — Land: 715 Ponce Holdings LLC 287 84 — 183 55 — 91 27 — Sold and Other: Carolina Square Holdings LP 12,071 16,518 14,581 503 2,187 3,061 164 982 1,472 HICO Victory Center LP 92 232 356 6,735 232 356 4,546 125 178 Austin 300 Colorado Project, LP 33 8,747 841 17 2,012 466 8 972 233 Charlotte Gateway Village, LLC — 378 6,692 (1) 369 3,202 100 185 1,658 DC Charlotte Plaza LLLP (5) 15,217 20,439 (28) 5,491 7,272 (36) 2,539 3,380 Other — — 4,300 — (151) 515 31 (38) (230) $ 36,760 $ 63,239 $ 62,859 $ 15,278 $ 14,917 $ 21,409 $ 7,700 $ 6,801 $ 7,947

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets and liabilities	At December 31, 2022 and 2021, intangible assets and liabilities included the following ($ in thousands): 2022 2021 Intangible Assets: In-place leases, net of accumulated amortization of $131,021 and $134,930 in 2022 and 2021, respectively $ 102,080 $ 129,538 Below-market ground leases, net of accumulated amortization of $1,860 and $1,449 in 2022 and 2021, respectively 17,393 17,804 Above-market leases, net of accumulated amortization of $25,085 and $25,423 in 2022 and 2021, respectively 15,093 19,537 Goodwill 1,674 1,674 $ 136,240 $ 168,553 Intangible Liabilities: Below-market leases, net of accumulated amortization of $48,994 and $55,079 in 2022 and 2021 $ 52,280 $ 63,223
Schedule of Aggregate amortization of intangible assets and liabilities	Over the next five years and thereafter, aggregate amortization of these intangible assets and liabilities is anticipated to be as follows ($ in thousands): In-Place Leases Below-Market Ground Leases Above-Market Leases Below-Market Leases Total 2023 $ 20,764 $ 400 $ 3,338 $ (9,386) $ 15,116 2024 18,238 400 2,699 (8,647) 12,690 2025 15,447 400 2,096 (8,093) 9,850 2026 12,291 400 1,673 (6,531) 7,833 2027 9,684 400 1,251 (4,972) 6,363 Thereafter 25,656 15,393 4,036 (14,651) 30,434 $ 102,080 $ 17,393 $ 15,093 $ (52,280) $ 82,286 Weighted average remaining lease term 7 years 59 years 7 years 7 years

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	At December 31, 2022 and 2021, other assets included the following ($ in thousands): 2022 2021 Predevelopment costs and earnest money $ 50,009 $ 20,677 Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $18,860 and $18,560 in 2022 and 2021, respectively 11,824 13,772 Lease inducements, net of accumulated amortization of $5,129 and $3,721 in 2022 and 2021, respectively 8,091 5,735 Prepaid expenses and other assets 6,438 6,998 Credit Facility deferred financing costs, net of accumulated amortization of $135 and $5,976 in 2022 and 2021, respectively 5,550 1,507 $ 81,912 $ 48,689

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of terms of notes payable	The following table summarizes the terms of notes payable outstanding at December 31, 2022 and 2021 ($ in thousands): Description Interest Rate (1) Maturity (2) 2022 2021 Unsecured Notes: Credit Facility 5.30% 2027 $ 56,600 $ 228,500 Term Loan 5.45% 2025 400,000 — Term Loan 5.38% 2024 350,000 350,000 Senior Note 3.95% 2029 275,000 275,000 Senior Note 3.91% 2025 250,000 250,000 Senior Note 3.86% 2028 250,000 250,000 Senior Note 3.78% 2027 125,000 125,000 Senior Note 4.09% 2027 100,000 100,000 1,806,600 1,578,500 Secured Mortgage Notes: Fifth Third Center 3.37% 2026 130,168 133,672 Terminus (3) 6.34% 2031 221,000 184,239 Colorado Tower 3.45% 2026 109,552 112,150 Domain 10 3.75% 2024 74,521 76,412 Promenade Tower (4) 4.27% 2022 — 89,052 Legacy Union One (4) 4.24% 2023 — 66,000 535,241 661,525 $ 2,341,841 $ 2,240,025 Unamortized premium — 3,910 Unamortized loan costs (7,235) (6,426) Total Notes Payable $ 2,334,606 $ 2,237,509 (1) Interest rate as of December 31, 2022. (2) Weighted average maturity of notes payable outstanding at December 31, 2022 was 4.0 years. (3) Represents $123.0 million and $98.0 million non-cross-collateralized mortgages secured by the Terminus 100 and Terminus 200, buildings, respectively. (4) These mortgages were paid off, in full, in October 2022.
Schedule of interest recorded	For the years ended December 31, 2022, 2021, and 2020, interest was recorded as follows ($ in thousands): 2022 2021 2020 Total interest incurred $ 87,937 $ 73,284 $ 74,929 Interest capitalized (15,400) (6,257) (14,324) Total interest expense $ 72,537 $ 67,027 $ 60,605
Schedule of future principal payments due	Future principal payments due (including scheduled amortization payments and payments due upon maturity) on the Company's notes payable at December 31, 2022 are as follows ($ in thousands): 2023 $ 8,274 2024 429,087 2025 656,755 2026 220,125 2027 281,600 Thereafter 746,000 $ 2,341,841

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Reclassification out of Accumulated Other Comprehensive Income	The table below presents the effect of the Company's derivative financial instruments on the Income Statement as of December 31, 2022 ($ in thousands): Cash Flow Hedge: 2022 Amount of gain recognized in accumulated other comprehensive income on interest rate derivatives $ 1,063 Amount of loss reclassified from accumulated other comprehensive income into income as interest expense $ 704 Total amount of interest expense presented in the consolidated income statements $ 72,537

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Other Liabilities	Other liabilities on the consolidated balance sheets as of December 31, 2022 and December 31, 2021 included the following ($ in thousands): 2022 2021 Ground lease liability $ 53,129 $ 53,025 Prepaid rent 33,165 37,174 Security deposits 14,635 12,875 Restricted stock unit liability 1,048 7,314 Other liabilities 1,465 1,476 $ 103,442 $ 111,864

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of distribution of taxable income	The following reconciles dividends paid and dividends applied in 2022, 2021, and 2020 to meet REIT distribution requirements ($ in thousands): 2022 2021 2020 Common and preferred dividends $ 192,275 $ 182,839 $ 176,272 Dividends treated as taxable compensation (231) (192) (167) Dividends applied to meet current year REIT distribution requirements $ 192,044 $ 182,647 $ 176,105
Schedule of components of the taxability of the Company's dividends	The following summarizes the components of the taxability of the Company’s common stock distributions for the years ended December 31, 2022, 2021, and 2020: Total Ordinary Long-Term Unrecaptured Section 199A Dividends Section 1061 One Year Amounts Disclosure (1) Section 1061 Three Year Amounts Disclosure (1) 2022 $ 1.270000 $ 0.880788 $ 0.389212 $ 0.045470 $ 0.880788 $ 0.389212 $ 0.389212 2021 $ 1.230000 $ 1.230000 $ — $ — $ 1.230000 $ — $ — 2020 $ 1.190000 $ — $ 1.190000 $ 0.417166 $ — $ 0.320351 $ 0.320351 (1) Amounts included in Box 2a, Total Capital Gain Distributions, for purposes of section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests."

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of future minimum rentals to be received under existing non-cancelable leases	The following tables set forth the future minimum rents to be received by consolidated entities under existing non-cancellable leases as of December 31, 2022 and 2021 respectively ($ in thousands): December 31, 2022 2023 $ 521,193 2024 529,605 2025 498,106 2026 459,579 2027 421,998 Thereafter 1,588,897 $ 4,019,378 December 31, 2021 2022 $ 496,020 2023 487,110 2024 472,827 2025 432,553 2026 387,711 Thereafter 1,516,491 $ 3,792,712

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of stock-based compensation expense, net of forfeitures	For 2022, 2021, and 2020, stock-based compensation expense, net of forfeitures, was recorded as follows ($ in thousands): 2022 2021 2020 Equity-classified awards: Restricted stock $ 3,151 $ 2,677 $ 2,555 Market-based RSUs 4,073 2,532 1,255 Performance-based RSUs 1,173 881 428 Director grants 1,471 890 1,060 Employee Stock Purchase Plan 191 25 — 10,059 7,005 5,298 Liability-classified awards Market-based RSUs — 1,942 2,498 Performance-based RSUs — 456 258 Service-based RSUs (146) 690 633 Dividend equivalent units 69 564 675 (77) 3,652 4,064 Total stock-based compensation expense $ 9,982 $ 10,657 $ 9,362
Schedule of equity and liability classified award activity	The following table summarizes equity-classified employee stock compensation award activity for the years ended December 31, 2022, 2021, and 2020 (shares in thousands): 2022 2021 2020 Shares Weighted Average Fair Market Value at Grant Shares Weighted Average Fair Market Value at Grant Shares Weighted Average Fair Market Value at Grant Shares unvested at beginning of the year 409 $38.63 221 $41.90 141 $34.81 Granted 242 $43.30 248 $35.44 173 $44.13 Vested (169) $41.54 (58) $37.47 (82) $34.69 Forfeited (19) $41.05 (2) $39.27 (11) $41.10 Shares unvested at end of year 463 $39.91 409 $38.63 221 $41.90 The following table summarizes the Company's liability-classified award activity, at target, during the years ended December 31, 2022, 2021, and 2020 (shares in thousands): 2022 2021 2020 Shares Shares Shares Shares unvested at beginning of the year 43 135 316 Vested — (92) (172) Forfeited — — (9) Shares unvested at end of year 43 43 135
Schedule of valuation assumptions	The Monte Carlo valuation used to determine the grant date fair value of the equity-classified Market-based RSUs included the following assumptions for those RSUs granted in 2022, 2021, and 2020: 2022 2021 2020 Volatility (1) 37.7 % 37.5 % 18.0 % Risk-free rate (2) 1.39 % 0.17 % 1.34 % Stock beta (3) 1.02 % 1.04 % 1.04 % (1) Based on historical volatility over three years using daily stock price. (2) Reflects the yield on three-year Treasury bonds. (3) Betas are calculated with up to three years of daily stock price data.
Schedule of stock options activity	The following is a summary of stock option activity for the years ended December 31, 2021, and 2020 (options in thousands): 2021 2020 Number of Options Weighted Average Exercise Price Per Option Number of Options Weighted Average Exercise Price Per Option Outstanding at beginning of year 28 $25.55 67 $23.13 Exercised (28) $25.55 (37) $21.28 Forfeited/expired — — (2) $22.76 Outstanding at end of year — — 28 $25.55

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of difference between income tax benefit (provision) and the amount computed by applying the statutory federal income tax rate to income before taxes	The net income tax benefit differs from the amount computed by applying the statutory federal income tax rate to CTRS' income before taxes as follows ($ in thousands): 2022 2021 2020 Amount Rate Amount Rate Amount Rate Federal income tax benefit (expenses) $ 85 21 % $ 346 21 % $ 125 21 % State income tax benefit (expense), net of federal income tax effect 16 4 66 4 24 4 Deferred tax adjustment — — — — 21 4 Capital loss (gain) (29) — (10) — 404 68 Valuation allowance (60) (15) (346) (26) (586) (98) Other (12) (10) (56) 1 12 1 Benefit applicable to net income (loss) $ — — % $ — — % $ — — %
Schedule of tax effect of significant temporary differences representing deferred tax assets and liabilities	The tax effect of significant temporary differences representing deferred tax assets and liabilities of CTRS as of December 31, 2022 and 2021 are as follows ($ in thousands): 2022 2021 Income from unconsolidated joint ventures $ 5 $ 27 Federal and state tax net operating loss carryforwards 1,636 1,163 Federal and state tax capital loss carryforwards 179 570 Gross deferred tax asset 1,820 1,760 Valuation allowance (1,820) (1,760) Net deferred tax asset after valuation allowance $ — $ —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Computation of basic and diluted earnings per share	The following table sets forth the computation of the basic and diluted earnings per share of the Company's consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020 ($ in thousands, except per share amounts): Year Ended December 31 2022 2021 2020 Earnings per common share - basic: Numerator: Net income $ 167,445 $ 278,996 $ 238,114 Net income attributable to noncontrolling interests in CPLP (143) (56) (315) Net income attributable to other noncontrolling interests (509) (354) (521) Net income available for common stockholders $ 166,793 $ 278,586 $ 237,278 Denominator: Weighted average common shares - basic 150,113 148,666 148,277 Net income per common share - basic $ 1.11 $ 1.87 $ 1.60 Earnings per common share - diluted: Numerator: Net income $ 167,445 $ 278,996 $ 238,114 Net income attributable to other noncontrolling interests (509) (354) (521) Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP $ 166,936 $ 278,642 $ 237,593 Denominator: Weighted average common shares - basic 150,113 148,666 148,277 Add: Potential dilutive common shares - stock options — 1 8 Potential dilutive restrictive stock units - RSUs, less shares assumed purchased at market price 281 199 54 Weighted average units of CPLP convertible into common shares 25 25 297 Weighted average common shares - diluted 150,419 148,891 148,636 Net income per common share - diluted $ 1.11 $ 1.87 $ 1.60

Consolidated Statements of Ca_3

Consolidated Statements of Cash Flows - Supplemental Information (Tables)	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental information related to cash flows	Supplemental information related to cash flows, including significant non-cash activity affecting the consolidated statements of cash flows, for the years ended December 31, 2022, 2021, and 2020 is as follows ($ in thousands): 2022 2021 2020 Interest paid, net of amounts capitalized $ 70,087 $ 68,003 $ 62,641 Income taxes paid (1) 38 155 343 Non-Cash Transactions: Common stock dividends declared and accrued 48,525 47,350 44,681 Transfer from projects under development to operating properties 141,348 — 443,932 Tenant improvements recorded in deferred income 80,369 4,541 15,803 Transfer from investment in unconsolidated joint ventures to operating properties — 37,777 — Transfer from operating properties and related liabilities to assets and liabilities of real estate assets held for sale — — 188,378
Schedule of reconciliation of cash and cash equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the balance sheet to cash, cash equivalents, and restricted cash in the statements of cash flows ($ in thousands): Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 5,145 $ 8,937 $ 4,290 Restricted cash — 1,231 1,848 Total cash, cash equivalents, and restricted cash $ 5,145 $ 10,168 $ 6,138
Schedule of reconciliation of restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the balance sheet to cash, cash equivalents, and restricted cash in the statements of cash flows ($ in thousands): Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 5,145 $ 8,937 $ 4,290 Restricted cash — 1,231 1,848 Total cash, cash equivalents, and restricted cash $ 5,145 $ 10,168 $ 6,138

Reportable Segments (Tables)

Reportable Segments (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of 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 years ended December 31, 2022, 2021, and 2020 are as follows ($ in thousands): Year Ended December 31, 2022 Office Non-Office Total Revenues: Atlanta $ 278,418 $ 1,791 $ 280,209 Austin 249,776 — 249,776 Charlotte 55,312 5,034 60,346 Dallas 16,736 — 16,736 Phoenix 57,635 — 57,635 Tampa 70,984 — 70,984 Other markets 28,831 3,931 32,762 Total segment revenues 757,692 10,756 768,448 Less: Company's share of rental property revenues from unconsolidated joint ventures (9,215) (5,722) (14,937) Total rental property revenues $ 748,477 $ 5,034 $ 753,511 Year Ended December 31, 2021 Office Non-Office Total Revenues: Atlanta $ 268,953 $ 1,459 $ 270,412 Austin 247,806 — 247,806 Charlotte 74,702 2,700 77,402 Dallas 17,670 — 17,670 Phoenix 50,292 — 50,292 Tampa 59,614 — 59,614 Other markets 39,403 5,257 44,660 Total segment revenues 758,440 9,416 767,856 Less: Company's share of rental property revenues from unconsolidated joint ventures (22,075) (6,718) (28,793) Total rental property revenues $ 736,365 $ 2,698 $ 739,063 Year Ended December 31, 2020 Office Non-Office Total Revenues: Atlanta $ 255,594 $ 602 $ 256,196 Austin 210,229 — 210,229 Charlotte 94,520 2,017 96,537 Dallas 18,143 — 18,143 Phoenix 50,671 — 50,671 Tampa 54,261 — 54,261 Other markets 59,285 4,895 64,180 Total segment revenues 742,703 7,514 750,217 Less: Company's share of rental property revenues from unconsolidated joint ventures (22,837) (5,497) (28,334) Total rental property revenues $ 719,866 $ 2,017 $ 721,883 NOI by reportable segment for the years ended December 31, 2022, 2021, and 2020 are as follows ($ in thousands): Year Ended December 31, 2022 Office Non-Office Total Net Operating Income: Atlanta $ 184,609 $ 1,040 $ 185,649 Austin 152,806 — 152,806 Charlotte 41,234 3,602 44,836 Dallas 12,890 — 12,890 Phoenix 41,544 — 41,544 Tampa 45,187 — 45,187 Other markets 16,879 2,409 19,288 Total Net Operating Income $ 495,149 $ 7,051 $ 502,200 Year Ended December 31, 2021 Office Non-Office Total Net Operating Income: Atlanta $ 176,793 $ 622 $ 177,415 Austin 146,923 — 146,923 Charlotte 53,294 1,351 54,645 Dallas 14,014 — 14,014 Phoenix 36,244 — 36,244 Tampa 38,305 — 38,305 Other markets 22,791 3,383 26,174 Total Net Operating Income $ 488,364 $ 5,356 $ 493,720 Year Ended December 31, 2020 Office Non-Office Total Net Operating Income: Atlanta $ 172,588 $ (49) $ 172,539 Austin 125,215 1,327 125,215 Charlotte 63,876 — 65,203 Dallas 14,586 — 14,586 Phoenix 37,358 — 37,358 Tampa 33,440 — 33,440 Other markets 34,346 3,347 37,693 Total Net Operating Income $ 481,409 $ 4,625 $ 486,034 The following reconciles Net Income to Net Operating Income for each of the periods presented ($ in thousands): Year Ended December 31, 2022 2021 2020 Net income $ 167,445 $ 278,996 $ 238,114 Net operating income from unconsolidated joint ventures 9,524 19,223 18,836 Fee income (6,119) (15,559) (18,226) Termination fee income (2,464) (5,105) (3,835) Other income (2,660) (451) (231) Reimbursed expenses 2,024 2,476 1,580 General and administrative expenses 28,319 29,321 27,034 Interest expense 72,537 67,027 60,605 Impairment — — 14,829 Depreciation and amortization 295,587 288,092 288,648 Transaction costs — — 428 Other expenses 2,134 2,131 2,091 Income from unconsolidated joint ventures (7,700) (6,801) (7,947) Gain on sale of investment in unconsolidated joint ventures (56,267) (13,083) (45,767) Gain on sale of investment properties 9 (152,547) (90,125) Gain on extinguishment of debt (169) — — Net Operating Income $ 502,200 $ 493,720 $ 486,034

Description of Business and B_2

Description of Business and Basis of Presentation - Description of Business (Details) shares in Thousands, ft² in Thousands	12 Months Ended
	Dec. 31, 2022 ft² shares	Dec. 31, 2021 shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Distribution of taxable income to qualify as REIT, percentage	100%
Company's portfolio of real estate assets - Office space (square feet)	18,800
Company's portfolio of real estate assets - Retail space (square feet)	310
Variable Interest Entity, Primary Beneficiary | Cousins Properties LP
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common units (in shares) | shares	25	25
Cousins Properties LP
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of partnership units owned by the Company	99%

Significant Accounting Polici_3

Significant Accounting Policies - Cost Capitalization (Details)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Period in which the company capitalizes interest, real estate taxes and certain operating expenses on the unoccupied portion of recently completed properties, beginning with the date it is substantially complete (percent)	90%
Period in which the company capitalizes interest, real estate taxes and certain operating expenses on the unoccupied portion of recently completed properties, beginning with the date it is substantially complete (in years)	1 year

Significant Accounting Polici_4

Significant Accounting Policies - Depreciation and Amortization (Details)	12 Months Ended
	Dec. 31, 2022
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Useful life	30 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Useful life	40 years
Furniture, Fixtures and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Furniture, Fixtures and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years

Significant Accounting Polici_5

Significant Accounting Policies - Noncontrolling Interest (Details)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Conversion ratio	1

Significant Accounting Polici_6

Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from External Customer [Line Items]
Deferred income	$ 128,636	$ 74,515
Revenues	762,290	755,073	$ 740,340
Tenant Funded Improvements
Revenue from External Customer [Line Items]
Deferred income	100,100	30,200
Tenants Expenses
Revenue from External Customer [Line Items]
Revenues	$ 160,700	$ 155,500	$ 142,500

Transactions with Norfolk Sou_2

Transactions with Norfolk Southern Railway Company (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 01, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property		$ 0	$ 555,333	$ 435,833
Total assets		7,537,016	7,312,034
Contract price that is expected to be recognized as revenue	$ 52,300
Deferred income		128,636	74,515
Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets	92,300
NS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue recognized		3,200	11,900	$ 14,900
Deferred income		$ 0	$ 1,800
Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased					$ 6,500	$ 37,000
Site Preparation Work
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased	4,000
NS | Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase of a building	$ 82,000
Lease term	3 years
Discount on service contract price	$ 10,300
Gain or loss on derecognition of non financial asset fair value	0
Consideration for the various services component	52,300
NS | Fees for development services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	5,000
NS | Fees for consulting services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	32,000
NS | Development agreement | Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	5,000
NS | Consulting agreement | Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	32,000
NS | Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property	52,500
Gain from sale of property	5,000
NS | Land | Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	$ 5,000

Real Estate - Schedule of Asset

Real Estate - Schedule of Asset Acquisitions (Details) ft² in Thousands, $ in Thousands	1 Months Ended			12 Months Ended
	Dec. 31, 2021 USD ($) ft²	Oct. 31, 2021 USD ($) ft²	Jul. 31, 2021 USD ($) ft²	Dec. 31, 2021 ft² property	Dec. 31, 2022
Office Properties Acquired
Asset Acquisition [Line Items]
Number of properties acquired | property				3
300 Colorado
Asset Acquisition [Line Items]
Gross Purchase Price	$ 162,500
Area of property | ft²	369			369
Tangible assets
Operating properties	$ 297,259
Total tangible assets	297,259
Intangible assets
Total intangible assets	14,835
Intangible liabilities
Total intangible liabilities	(10,369)
Total net assets	301,725
Ownership percentage of partner in joint venture					50%
300 Colorado | In-Place Leases
Intangible assets
Total intangible assets	13,974
300 Colorado | Below-Market Leases
Intangible assets
Total intangible assets	840
Intangible liabilities
Total intangible liabilities	(10,369)
300 Colorado | Above-Market Leases
Intangible assets
Total intangible assets	$ 21
Heights Union
Asset Acquisition [Line Items]
Gross Purchase Price		$ 144,800
Area of property | ft²		294
Tangible assets
Operating properties		$ 133,489
Total tangible assets		133,489
Intangible assets
Total intangible assets		7,216
Intangible liabilities
Total intangible liabilities		(2,501)
Total net assets		138,204
Heights Union | In-Place Leases
Intangible assets
Total intangible assets		5,894
Heights Union | Below-Market Leases
Intangible assets
Total intangible assets		0
Intangible liabilities
Total intangible liabilities		(2,501)
Heights Union | Above-Market Leases
Intangible assets
Total intangible assets		$ 1,322
725 Ponce
Asset Acquisition [Line Items]
Gross Purchase Price			$ 300,200
Area of property | ft²			372
Tangible assets
Operating properties			$ 292,946
Total tangible assets			292,946
Intangible assets
Total intangible assets			14,558
Intangible liabilities
Total intangible liabilities			(6,739)
Total net assets			300,765
725 Ponce | In-Place Leases
Intangible assets
Total intangible assets			12,788
725 Ponce | Below-Market Leases
Intangible assets
Total intangible assets			0
Intangible liabilities
Total intangible liabilities			(6,739)
725 Ponce | Above-Market Leases
Intangible assets
Total intangible assets			$ 1,770

Real Estate - Schedule of Land

Real Estate - Schedule of Land Parcel Acquisitions (Details) - Atlanta, GA $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) a property
Asset Acquisition [Line Items]
Number of properties acquired | property	2
887 West Peachtree
Asset Acquisition [Line Items]
Acres | a	0.7
Gross Purchase Price | $	$ 10,000
3354/3356 Peachtree
Asset Acquisition [Line Items]
Acres | a	0.2
Gross Purchase Price | $	$ 8,000

Real Estate - Dispositions (Det

Real Estate - Dispositions (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 property	Dec. 31, 2021 USD ($) ft²	Jul. 31, 2021 USD ($) a
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold | property	3
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Sale, Net		$ 90,100
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 816 Congress | Austin, TX
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of property | ft²		435
Sales Price		$ 174,000
Gain on Sale, Net		$ 77,200
Disposal Group, Disposed of by Sale, Not Discontinued Operations | One South at the Plaza | Charlotte, NC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of property | ft²		891
Sales Price		$ 271,500
Gain on Sale, Net		$ 12,700
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Burnett Plaza | Fort Worth
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of property | ft²		1,000
Sales Price		$ 137,500
Gain on Sale, Net		$ 200
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 100 Mill - Adjacent Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of property | a			0.7
Sales Price			$ 6,400

Real Estate - Impairment (Detai

Real Estate - Impairment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate [Abstract]
Impairment	$ 14,800	$ 0	$ 0	$ 14,829

Ground Leases - Narrative (Deta

Ground Leases - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Leases [Abstract]
Number of properties subject to operating lease | property	3
Operating lease, weighted average remaining term	78 years
Number of properties subject to finance lease | property	1
Finance lease, weighted average remaining term	3 years
Operating ground leases, right-of-use asset	$ 45,800
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Rental Properties, Land Held	Rental Properties, Land Held
Finance ground leases, right-of-use asset	$ 3,700
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Land Held	Land Held
Operating ground leases, liability	$ 49,574	$ 49,470
Finance ground leases, liability	$ 3,555	$ 3,555
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating lease, weighted average discount rate	4.30%
Finance lease, weighted average discount rate	4.30%
Operating lease expense	$ 2,900	$ 4,100	$ 4,300
Variable lease expense	0
Interest expense related to finance lease	162
Operating lease payments	$ 2,100

Ground Leases - Future Minimum

Ground Leases - Future Minimum Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Ground Leases
Year one	$ 1,925	$ 1,921
Year two	1,933	1,925
Year three	1,958	1,933
Year four	2,006	1,958
Year five	2,010	2,006
Thereafter	173,313	175,323
Total minimum payments	183,145	185,066
Discount	(133,571)	(135,596)
Lease liability	49,574	49,470
Finance Ground Leases
Year one	162	162
Year two	162	162
Year three	3,676	162
Year four	0	3,676
Year five	0	0
Thereafter	0	0
Total minimum payments	4,000	4,162
Discount	(445)	(607)
Lease liability	$ 3,555	$ 3,555

Investment in Unconsolidated _3

Investment in Unconsolidated Joint Ventures - Schedule of Financial Position and Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	$ 7,537,016	$ 7,312,034
Total Equity (Deficit)	4,625,664	4,566,770
Income Statement [Abstract]
Total Revenues	762,290	755,073	$ 740,340
Net Income (Loss)	166,793	278,586	237,278
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	433,822	380,046
Total Debt	178,796	225,610
Total Equity (Deficit)	232,702	125,793
Company's Investment	93,666	42,669
Income Statement [Abstract]
Total Revenues	36,760	63,239	62,859
Net Income (Loss)	15,278	14,917	21,409
Company's Income (Loss) from Investment	7,700	6,801	7,947
AMCO 120 WT Holdings, LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	81,136	83,546
Total Debt	0	0
Total Equity (Deficit)	80,509	82,739
Company's Investment	14,856	15,347
Income Statement [Abstract]
Total Revenues	10,844	8,894	3,000
Net Income (Loss)	3,245	639	2,740
Company's Income (Loss) from Investment	632	115	(552)
Crawford Long - CPI, LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	22,857	24,709
Total Debt	62,856	64,566
Total Equity (Deficit)	(39,691)	(40,221)
Company's Investment	(19,173)	(19,356)
Income Statement [Abstract]
Total Revenues	13,298	13,118	12,650
Net Income (Loss)	4,530	4,032	3,797
Company's Income (Loss) from Investment	2,117	1,869	1,808
Neuhoff Holdings LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	321,338	133,691
Total Debt	115,940	28,390
Total Equity (Deficit)	177,734	93,218
Company's Investment	93,647	47,529
Income Statement [Abstract]
Total Revenues	140	51	0
Net Income (Loss)	94	51	0
Company's Income (Loss) from Investment	47	25	0
715 Ponce Holdings LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	8,333	8,150
Total Debt	0	0
Total Equity (Deficit)	8,332	8,150
Company's Investment	4,261	4,165
Income Statement [Abstract]
Total Revenues	287	84	0
Net Income (Loss)	183	55	0
Company's Income (Loss) from Investment	91	27	0
Carolina Square Holdings LP
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	0	113,011
Total Debt	0	132,654
Total Equity (Deficit)	0	(34,066)
Company's Investment	0	(15,786)
Income Statement [Abstract]
Total Revenues	12,071	16,518	14,581
Net Income (Loss)	503	2,187	3,061
Company's Income (Loss) from Investment	164	982	1,472
HICO Victory Center LP
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	158	16,421
Total Debt	0	0
Total Equity (Deficit)	5,818	15,962
Company's Investment	75	10,723
Income Statement [Abstract]
Total Revenues	92	232	356
Net Income (Loss)	6,735	232	356
Company's Income (Loss) from Investment	4,546	125	178
Austin 300 Colorado Project, LP
Income Statement [Abstract]
Total Revenues	33	8,747	841
Net Income (Loss)	17	2,012	466
Company's Income (Loss) from Investment	8	972	233
Charlotte Gateway Village, LLC
Income Statement [Abstract]
Total Revenues	0	378	6,692
Net Income (Loss)	(1)	369	3,202
Company's Income (Loss) from Investment	100	185	1,658
DC Charlotte Plaza LLLP
Income Statement [Abstract]
Total Revenues	(5)	15,217	20,439
Net Income (Loss)	(28)	5,491	7,272
Company's Income (Loss) from Investment	(36)	2,539	3,380
Other
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	0	518
Total Debt	0	0
Total Equity (Deficit)	0	11
Company's Investment	0	47
Income Statement [Abstract]
Total Revenues	0	0	4,300
Net Income (Loss)	0	(151)	515
Company's Income (Loss) from Investment	$ 31	$ (38)	$ (230)

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Ventures - AMCO 120 WT Holdings, LLC (Details) - AMCO 120 WT Holdings, LLC ft² in Thousands, $ in Thousands	Dec. 31, 2022 USD ($) ft² apartment
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	20%
Number of apartment units | apartment	330
Cash balance of joint venture | $	$ 407,000
Office Space
Schedule of Equity Method Investments [Line Items]
Area of property	33
Retail Space
Schedule of Equity Method Investments [Line Items]
Area of property	19
AMLI Residential
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	80%

Investment in Unconsolidated _5

Investment in Unconsolidated Joint Ventures - Crawford Long—CPI, LLC (Details) - Crawford Long - CPI, LLC ft² in Thousands, $ in Millions	Dec. 31, 2022 USD ($) ft²
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	50%
Area of property | ft²	358
Aggregate outstanding indebtedness	$ 62.9
Cash balance of joint venture	$ 2
Secured Mortgage Note Payable
Schedule of Equity Method Investments [Line Items]
Interest rate on mortgage loan (percent)	3.50%
Emory University
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture	50%

Investment in Unconsolidated _6

Investment in Unconsolidated Joint Ventures - Neuhoff Holdings LLC (Details) - USD ($) $ in Thousands			12 Months Ended
	Sep. 30, 2021	Jul. 27, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investments			$ 47,894	$ 65,077	$ 4,285
Neuoff JV
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage			50%
Mixed use property value			$ 563,000
Payments to acquire equity method investments		$ 35,100
Cash balance of joint venture			$ 961
Neuoff JV | Construction Loans
Schedule of Equity Method Investments [Line Items]
Maximum borrowing capacity	$ 312,700
Neuoff JV | Mortgage Debt | LIBOR | Minimum
Schedule of Equity Method Investments [Line Items]
Basis spread on variable rate (percent)	3.45%
Neuoff JV | Mortgage Debt | LIBOR | Maximum
Schedule of Equity Method Investments [Line Items]
Basis spread on variable rate (percent)	3.60%
Neuoff JV | Neuhoff Holdings LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture			50%

Investment in Unconsolidated _7

Investment in Unconsolidated Joint Ventures - 715 Ponce Holdings LLC (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investments	$ 47,894	$ 65,077	$ 4,285
715 Ponce JV
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	50%
Payments to acquire equity method investments	$ 4,000
Cash balance of joint venture	$ 114
715 Ponce JV | 715 Ponce Holdings LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture	50%

Investment in Unconsolidated _8

Investment in Unconsolidated Joint Ventures - Carolina Square Holdings LP (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 29, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Combined gross sales price		$ 0	$ 555,333	$ 435,833
Gain on sales of investments in unconsolidated joint ventures		$ 56,267	$ 13,083	$ 45,767
Carolina Square Holdings LP
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage		50%
Ownership percentage of partner in joint venture	50%
Combined gross sales price	$ 105,000
Gain on sales of investments in unconsolidated joint ventures	$ 56,300
Carolina Square Holdings LP | Northwood Ravin
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture		50%

Investment in Unconsolidated _9

Investment in Unconsolidated Joint Ventures - HICO Victory Center LP (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Gain from sale of property		$ 90,100
HICO Victory Center LP
Schedule of Equity Method Investments [Line Items]
Land funding requirement (percent)			75%
Cash balance of joint venture			$ 158
HICO Victory Center LP | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Sales price	$ 23,100
Gain from sale of property	4,500
HICO Victory Center LP | Hines
Schedule of Equity Method Investments [Line Items]
Land funding requirement (percent)			25%
HICO Victory Center LP | HICO Victory Center LP | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Gain from sale of property	$ 6,800

Investment in Unconsolidated_10

Investment in Unconsolidated Joint Ventures - Austin 300 Colorado Project, LP (Details) ft² in Thousands, $ in Thousands		12 Months Ended
	Dec. 02, 2021 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Combined gross sales price		$ 0	$ 555,333	$ 435,833
Austin 300 Colorado Project, LP
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	50%	50%
Area of property | ft²		369
Combined gross sales price	$ 162,500
Gain recorded in income from unconsolidated joint ventures	$ 62,500
Austin 300 Colorado Project, LP | 3CB and 3CRR
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture		50%

Investment in Unconsolidated_11

Investment in Unconsolidated Joint Ventures - Charlotte Gateway Village, LLC (Details) $ in Thousands, ft² in Millions		12 Months Ended
	Mar. 31, 2020 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Combined gross sales price		$ 0	$ 555,333	$ 435,833
Gain on sales of investments in unconsolidated joint ventures		$ 56,267	$ 13,083	$ 45,767
Charlotte Gateway Village, LLC
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage		50%
Area of property | ft²		1.1
Combined gross sales price	$ 52,200
Maximum internal rate of return to be achieved	17%
Gain on sales of investments in unconsolidated joint ventures	$ 44,600
Tax effect of discontinued operation	$ 227
Charlotte Gateway Village, LLC | BOA
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture		50%

Investment in Unconsolidated_12

Investment in Unconsolidated Joint Ventures - DC Charlotte Plaza LLLP (Details) ft² in Thousands, $ in Thousands		12 Months Ended
	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Combined gross sales price		$ 0	$ 555,333	$ 435,833
Gain on sales of investments in unconsolidated joint ventures		$ 56,267	$ 13,083	$ 45,767
DC Charlotte Plaza LLLP
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage		50%
Area of property | ft²		281
Combined gross sales price	$ 60,800
Gain on sales of investments in unconsolidated joint ventures	$ 13,100
DC Charlotte Plaza LLLP | DFA
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture		50%

Investment in Unconsolidated_13

Investment in Unconsolidated Joint Ventures - CL Realty, L.L.C. (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Loss on sale of investments in unconsolidated joint ventures		$ (56,267)	$ (13,083)	$ (45,767)
CL Realty, L.L.C.
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage		50%
Proceeds from unconsolidated joint venture	$ 2,200
Loss on sale of investments in unconsolidated joint ventures	$ 598
CL Realty, L.L.C. | Forestar
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture		50%

Investment in Unconsolidated_14

Investment in Unconsolidated Joint Ventures - TEMCO Associates, LLC (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Combined gross sales price		$ 0	$ 555,333	$ 435,833
Gain on sales of investments in unconsolidated joint ventures		$ 56,267	$ 13,083	$ 45,767
Temco Associates, LLC
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	50%			50%
Combined gross sales price	$ 786
Gain on sales of investments in unconsolidated joint ventures	$ 145
Temco Associates, LLC | Forestar
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture	50%			50%

Investment in Unconsolidated_15

Investment in Unconsolidated Joint Ventures - Wildwood Associates (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 29, 2020 USD ($) a	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Combined gross sales price		$ 0	$ 555,333	$ 435,833
Gain on sales of investments in unconsolidated joint ventures		$ 56,267	$ 13,083	$ 45,767
Wildwood Associates
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	50%
Area of land | a	6.3
Combined gross sales price	$ 900
Gain on sales of investments in unconsolidated joint ventures	1,300
Company's investment balance	$ 520
Wildwood Associates | IBM
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture	50%

Investment in Unconsolidated_16

Investment in Unconsolidated Joint Ventures - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Fees earned from unconsolidated joint ventures	$ 2.8	$ 3.3	$ 2.6

Intangible Assets and Liabili_3

Intangible Assets and Liabilities - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,674	$ 1,674
Total intangible assets	136,240	168,553
In-Place Leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	131,021	134,930
Finite-lived intangible assets, net	102,080	129,538
Below-Market Ground Leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	1,860	1,449
Finite-lived intangible assets, net	17,393	17,804
Above-Market Leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	25,085	25,423
Finite-lived intangible assets, net	$ 15,093	$ 19,537

Intangible Assets and Liabili_4

Intangible Assets and Liabilities - Intangible Liabilities (Details) - Below-Market Leases - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ 48,994	$ 55,079
Finite-lived intangible liabilities, net	$ 52,280	$ 63,223

Intangible Assets and Liabili_5

Intangible Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Net amortization expense of intangible assets and liabilities	$ 21.4	$ 32.7	$ 43.1

Intangible Assets and Liabili_6

Intangible Assets and Liabilities - Intangibles - Future Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Future Amortization of Intangible Liabilities:
2023	$ 15,116
2024	12,690
2025	9,850
2026	7,833
2027	6,363
Thereafter	30,434
Finite-lived intangibles, net	82,286
Below-Market Leases
Future Amortization of Intangible Liabilities:
2023	(9,386)
2024	(8,647)
2025	(8,093)
2026	(6,531)
2027	(4,972)
Thereafter	(14,651)
Finite-lived intangible liabilities, net	$ (52,280)	$ (63,223)
Weighted average remaining lease term	7 years
In-Place Leases
Future Amortization of Intangible Assets:
2023	$ 20,764
2024	18,238
2025	15,447
2026	12,291
2027	9,684
Thereafter	25,656
Finite-lived intangible assets, net	$ 102,080	129,538
Weighted average remaining lease term	7 years
Below-Market Ground Leases
Future Amortization of Intangible Assets:
2023	$ 400
2024	400
2025	400
2026	400
2027	400
Thereafter	15,393
Finite-lived intangible assets, net	$ 17,393	17,804
Weighted average remaining lease term	59 years
Above-Market Leases
Future Amortization of Intangible Assets:
2023	$ 3,338
2024	2,699
2025	2,096
2026	1,673
2027	1,251
Thereafter	4,036
Finite-lived intangible assets, net	$ 15,093	$ 19,537
Weighted average remaining lease term	7 years

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Predevelopment costs and earnest money	$ 50,009	$ 20,677
Accumulated depreciation of furniture, fixtures and equipment, leasehold improvements, and other deferred costs	18,860	18,560
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $18,860 and $18,560 in 2022 and 2021, respectively	11,824	13,772
Accumulated amortization of lease inducements	5,129	3,721
Lease inducements, net of accumulated amortization of $5,129 and $3,721 in 2022 and 2021, respectively	8,091	5,735
Prepaid expenses and other assets	6,438	6,998
Accumulated amortization of line of credit deferred financing costs	135	5,976
Credit Facility deferred financing costs, net of accumulated amortization of $135 and $5,976 in 2022 and 2021, respectively	5,550	1,507
Total other assets	$ 81,912	$ 48,689

Notes Payable - Terms of Notes

Notes Payable - Terms of Notes Payable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt	$ 2,341,841	$ 2,240,025
Unamortized premium	0	3,910
Unamortized loan costs	(7,235)	(6,426)
Total Notes Payable	$ 2,334,606	2,237,509
Weighted average maturity period of notes payable outstanding	4 years
Unsecured Notes
Debt Instrument [Line Items]
Long-term debt	$ 1,806,600	1,578,500
Credit Facility
Debt Instrument [Line Items]
Interest Rate	5.30%
Long-term debt	$ 56,600	228,500
Term Loan | Term Loan Unsecured Due 2025
Debt Instrument [Line Items]
Interest Rate	5.45%
Long-term debt	$ 400,000	0
Term Loan | Term Loan Unsecured Due 2024
Debt Instrument [Line Items]
Interest Rate	5.38%
Long-term debt	$ 350,000	350,000
Senior Notes, Unsecured | Senior Note, Unsecured Due 2029
Debt Instrument [Line Items]
Interest Rate	3.95%
Long-term debt	$ 275,000	275,000
Senior Notes, Unsecured | Senior Note, Unsecured Due 2025
Debt Instrument [Line Items]
Interest Rate	3.91%
Long-term debt	$ 250,000	250,000
Senior Notes, Unsecured | Senior Note, Unsecured Due 2028
Debt Instrument [Line Items]
Interest Rate	3.86%
Long-term debt	$ 250,000	250,000
Senior Notes, Unsecured | Senior Note, Unsecured Due 2027
Debt Instrument [Line Items]
Interest Rate	3.78%
Long-term debt	$ 125,000	125,000
Senior Notes, Unsecured | Senior Note, Unsecured Due 2027
Debt Instrument [Line Items]
Interest Rate	4.09%
Long-term debt	$ 100,000	100,000
Secured Mortgage Notes
Debt Instrument [Line Items]
Long-term debt	535,241	661,525
Total Notes Payable	$ 535,200
Secured Mortgage Notes | Fifth Third Center
Debt Instrument [Line Items]
Interest Rate	3.37%
Long-term debt	$ 130,168	133,672
Secured Mortgage Notes | Terminus
Debt Instrument [Line Items]
Interest Rate	6.34%
Long-term debt	$ 221,000	184,239
Secured Mortgage Notes | Colorado Tower
Debt Instrument [Line Items]
Interest Rate	3.45%
Long-term debt	$ 109,552	112,150
Secured Mortgage Notes | Domain 10
Debt Instrument [Line Items]
Interest Rate	3.75%
Long-term debt	$ 74,521	$ 76,412
Secured Mortgage Notes | Promenade Tower
Debt Instrument [Line Items]
Interest Rate		4.27%
Long-term debt	0	$ 89,052
Secured Mortgage Notes | Legacy Union One
Debt Instrument [Line Items]
Interest Rate		4.24%
Long-term debt	0	$ 66,000
Secured Mortgage Notes | Terminus 100
Debt Instrument [Line Items]
Long-term debt	123,000
Secured Mortgage Notes | Terminus 200
Debt Instrument [Line Items]
Long-term debt	$ 98,000

Notes Payable - Credit Facility

Notes Payable - Credit Facility (Details) - Credit Facility $ in Millions			4 Months Ended	12 Months Ended
	Sep. 30, 2022	May 02, 2022 USD ($)	May 01, 2022	Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 1,000
Variable rate		1%
Facility fee percentage	0.15%
Available borrowing capacity				$ 943.4
Minimum fixed charge coverage ratio			1.50
Adjusted SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		0.10%
Federal Funds Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		0.50%	0.50%
Term SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		1%
LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)				0.90%
One-month LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)			1%
Maximum
Line of Credit Facility [Line Items]
Secured leverage ratio (percent)		50%	40%
Facility fee percentage		0.30%
Leverage ratio			60%
Maximum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		1.40%
Maximum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		0.40%	0.45%
Maximum | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)			1.45%
Minimum
Line of Credit Facility [Line Items]
Facility fee percentage		0.15%
Minimum unencumbered interest coverage ratio			1.75
Minimum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		0.90%
Minimum | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)		0%	0.10%
Minimum | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)			1.05%

Notes Payable - Term Loan (Deta

Notes Payable - Term Loan (Details) - Term Loan $ in Millions	Dec. 31, 2022	Oct. 03, 2022 USD ($) extension	Sep. 27, 2022 USD ($)	May 02, 2022	Jun. 28, 2021 USD ($) extension
2022 Term Loan
Debt Instrument [Line Items]
Debt amount		$ 400
Number of extension options | extension		4
Extension term		6 months
Term Loan
Debt Instrument [Line Items]
Debt amount					$ 350
Number of extension options | extension					4
Extension term					180 days
Variable rate				1%
Term Loan | Interest Rate Swap
Debt Instrument [Line Items]
Debt amount			$ 350
Term Loan | Adjusted SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.05%			0.10%
Term Loan | Eurodollar | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)					1.05%
Term Loan | Eurodollar | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)					1.65%
Term Loan | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)				0.50%
Term Loan | Term SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)				1%
Term Loan | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)					0.05%
Term Loan | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (percent)					0.65%
Term Loan | SOFR | Interest Rate Swap
Debt Instrument [Line Items]
Basis spread on variable rate (percent)			4.23%

Notes Payable - Unsecured Senio

Notes Payable - Unsecured Senior Notes (Details) - Senior Notes, Unsecured $ in Millions	Dec. 31, 2022 USD ($) tranche
Debt Instrument [Line Items]
Debt amount	$ 1,000
Number of tranches | tranche	5
4.09% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 100
Interest rate on mortgage loan (percent)	4.09%
3.91% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 250
Interest rate on mortgage loan (percent)	3.91%
3.78% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 125
Interest rate on mortgage loan (percent)	3.78%
3.86% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 250
Interest rate on mortgage loan (percent)	3.86%
3.95% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 275
Interest rate on mortgage loan (percent)	3.95%

Notes Payable - Secured Mortgag

Notes Payable - Secured Mortgage Notes (Details) $ in Thousands	Dec. 31, 2022 USD ($) property debt_instrument	Oct. 27, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 2,341,841		$ 2,240,025
Outstanding amount	2,334,606		2,237,509
Mortgage Debt
Debt Instrument [Line Items]
Long-term debt	535,241		$ 661,525
Outstanding amount	$ 535,200
Number of non-recourse mortgage loans | debt_instrument	5
Collateral amount	$ 910,200
Terminus Properties In Atlanta | Mortgage Debt
Debt Instrument [Line Items]
Number of real estate properties | property	2
Long-term debt		$ 221,000
Interest Rate		6.34%

Notes Payable - Other Debt Info

Notes Payable - Other Debt Information (Details) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Notes payable, fair value	$ 2.2	$ 2.3

Notes Payable - Interest Expens

Notes Payable - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Total interest incurred	$ 87,937	$ 73,284	$ 74,929
Interest capitalized	(15,400)	(6,257)	(14,324)
Total interest expense	$ 72,537	$ 67,027	$ 60,605

Notes Payable - Debt Maturities

Notes Payable - Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 8,274
2024	429,087
2025	656,755
2026	220,125
2027	281,600
Thereafter	746,000
Total Notes Payable	$ 2,341,841	$ 2,240,025

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Sep. 27, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 28, 2021
Forecast
Derivative [Line Items]
Reclassification of interest expense		$ 1.8
Interest Rate Swap
Derivative [Line Items]
Fair value of derivative			$ 1.8
Term Loan | Term Loan
Derivative [Line Items]
Debt amount				$ 350
Term Loan | Interest Rate Swap | Term Loan
Derivative [Line Items]
Debt amount	$ 350
Term Loan | Interest Rate Swap | Term Loan | SOFR
Derivative [Line Items]
Basis spread on variable rate (percent)	4.23%

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of gain recognized in accumulated other comprehensive income on interest rate derivatives	$ 1,063	$ 0	$ 0
Amortization of cash flow hedges	704	0	0
Total amount of interest expense presented in the consolidated income statements	$ 72,537	$ 67,027	$ 60,605

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Ground lease liability	$ 53,129	$ 53,025
Prepaid rent	33,165	37,174
Security deposits	14,635	12,875
Restricted stock unit liability	1,048	7,314
Other liabilities	1,465	1,476
Total other liabilities	$ 103,442	$ 111,864

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding performance bonds	$ 692
Future obligations under leases	$ 181,300

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Thousands			3 Months Ended	12 Months Ended			18 Months Ended
	Jun. 29, 2022 USD ($) $ / shares shares	Apr. 21, 2022 USD ($)	Sep. 30, 2021 USD ($) financial_institution	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares
Class of Stock [Line Items]
Sale of stock, number of participating financial institutions | financial_institution			6
Payments to acquire equity method investments				$ 47,894	$ 65,077	$ 4,285
Issuance of common stock				103,120	0	0
Dividends owed				$ 48,525	$ 47,350	$ 44,681	$ 48,525
Percentage of restriction on ownership (more than)				3.90%
HICO Avalon, LLC And HICO Avalon II
Class of Stock [Line Items]
Ownership percentage of partner in joint venture		10%
Payments to acquire equity method investments		$ 43,400
Book value of non-controlling interest		15,800
Non-controlling interest, purchase price		$ 27,600
Employee Stock Purchase Plan | 2021 Stock Repurchase Program
Class of Stock [Line Items]
Number of shares purchased (in shares) | shares				22,909
Amount of shares held				$ 1,300
Amount of shares held (in dollars per share) | $ / shares				$ 57.44			$ 57.44
ATM Program
Class of Stock [Line Items]
Sale of stock, shares issued (in shares) | shares							2,600,000
Issuance of common stock							$ 101,400
Payments of stock issuance costs							1,100
Dividends owed				$ 1,700			1,700
Other transaction related costs							$ 900
ATM Program | Common Stock
Class of Stock [Line Items]
Sale of stock, consideration received on transaction	$ 105,100
Sale of stock, shares issued (in shares) | shares	2,600,000
Average price (in dollars per share) | $ / shares	$ 39.92
Maximum | ATM Program
Class of Stock [Line Items]
Sale of stock, consideration received on transaction			$ 500,000

Stockholders' Equity - Distribu

Stockholders' Equity - Distribution of REIT Taxable Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Common and preferred dividends	$ 192,275	$ 182,839	$ 176,272
Dividends treated as taxable compensation	(231)	(192)	(167)
Dividends applied to meet current year REIT distribution requirements	$ 192,044	$ 182,647	$ 176,105

Stockholders' Equity - Tax Stat

Stockholders' Equity - Tax Status of Distributions (Details) - Common Stock - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Total Distributions Per Share (in usd per share)	$ 1.270000	$ 1.230000	$ 1.190000
Unrecaptured Section 1250 Gain (in usd per share)	0.045470	0	0.417166
Section 199A Dividends (in usd per share)	0.880788	1.230000
Section 1061 One Year Amounts Disclosure (in usd per share)	0.389212	0	0.320351
Section 1061 Three Year Amounts Disclosure (in usd per share)	0.389212	0	0.320351
Ordinary Dividends
Class of Stock [Line Items]
Total Distributions Per Share (in usd per share)	0.880788	1.230000	0
Long-Term Capital Gain
Class of Stock [Line Items]
Total Distributions Per Share (in usd per share)	$ 0.389212	$ 0	$ 1.190000

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total Revenues	$ 762,290	$ 755,073	$ 740,340
Rental property revenues
Disaggregation of Revenue [Line Items]
Total Revenues	753,511	739,063	721,883
Variable rental revenue
Disaggregation of Revenue [Line Items]
Total Revenues	212,300	199,000	188,100
Fees and other
Disaggregation of Revenue [Line Items]
Total Revenues	$ 8,800	$ 16,000	$ 18,500

Revenue Recognition - Future Mi

Revenue Recognition - Future Minimum Payments to be Received (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Future minimum rents to be received, after adoption
Year one	$ 521,193	$ 496,020
Year two	529,605	487,110
Year three	498,106	472,827
Year four	459,579	432,553
Year five	421,998	387,711
Thereafter	1,588,897	1,516,491
Future minimum rents to be received	$ 4,019,378	$ 3,792,712

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Expense, Net of Forfeitures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 9,982	$ 10,657	$ 9,362
Equity Classified Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	10,059	7,005	5,298
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,151	2,677	2,555
Market-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4,073	2,532	1,255
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,173	881	428
Director grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,471	890	1,060
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	191	25	0
Liability-classified awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	(77)	3,652	4,064
Market-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0	1,942	2,498
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0	456	258
Service-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	(146)	690	633
Dividend equivalent units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 69	$ 564	$ 675

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 shares
Share-Based Payment Arrangement [Abstract]
Conversion ratio	1
Shares authorized under stock option plan (in shares)	3,249,833

Stock-Based Compensation - Equi

Stock-Based Compensation - Equity-Classified Awards Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) award shares	Dec. 31, 2021 USD ($) award shares	Dec. 31, 2020 USD ($) award shares	Dec. 31, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)		0	28,000	67,000
Number of restricted stock units granted (in shares)	0	0	0
Stock-based compensation expense | $	$ 9,982	$ 10,657	$ 9,362
Equity Classified Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units granted (in shares)	242,000	248,000	173,000
Unrecognized compensation cost | $	$ 3,800
Unrecognized compensation cost, period for recognition (in years)	10 months 24 days
Fair value of restricted stock that vested | $	$ 2,900	$ 1,900	$ 3,200
Targeted number of non-vested awards (in shares)	278,371
Stock-based compensation expense | $	$ 10,059	$ 7,005	$ 5,298
Equity Classified Awards | Independent Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units granted (in shares)	44,549	34,912	34,059
Equity Classified Awards | Key Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of award types | award	3	3	3
Vesting period (in years)	3 years
Payout range minimum (as a percent)	0%
Payout range maximum (as a percent)	200%
Number of restricted stock units granted (in shares)	141,899	145,413	101,485
Equity Classified Awards | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years	3 years	3 years
Number of restricted stock units granted (in shares)	99,758	102,262	71,421
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 5,200
Unrecognized compensation cost, period for recognition (in years)	1 year 8 months 12 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	0	0
Stock-based compensation expense | $	$ 0	$ 0	$ 0
Number of stock issued during period (in shares)		24,626

Stock-Based Compensation - Eq_2

Stock-Based Compensation - Equity-Classified Awards (Details) - Equity Classified Awards - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Outstanding at beginning of period (in shares)	409	221	141
Granted (in shares)	242	248	173
Vested (in shares)	(169)	(58)	(82)
Forfeited (in shares)	(19)	(2)	(11)
Outstanding at end of period (in shares)	463	409	221
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding at beginning of period (in usd per share)	$ 38.63	$ 41.90	$ 34.81
Granted (in usd per share)	43.30	35.44	44.13
Vested (in usd per share)	41.54	37.47	34.69
Forfeited (in usd per share)	41.05	39.27	41.10
Outstanding at end of period (in usd per share)	$ 39.91	$ 38.63	$ 41.90

Stock-Based Compensation - Eq_3

Stock-Based Compensation - Equity-Classified Market-based RSUs (Details) - Equity Classified Awards	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	37.70%	37.50%	18%
Risk-free rate	1.39%	0.17%	1.34%
Stock beta	0.0102	0.0104	0.0104

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Options
Outstanding at beginning of period (in shares)	0	28,000	67,000
Exercised (in shares)		(28,000)	(37,000)
Forfeited/Expired (in shares)		0	(2,000)
Outstanding at end of period (in shares)		0	28,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at beginning of period (in usd per share)	$ 0	$ 25.55	$ 23.13
Exercised (in usd per share)		25.55	21.28
Forfeited/Expired (in usd per share)		0	22.76
Outstanding at end of period (in usd per share)		$ 0	$ 25.55
Equity Classified Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units granted (in shares)	242,000	248,000	173,000
Equity Classified Awards | Independent Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units granted (in shares)	44,549	34,912	34,059

Stock-Based Compensation - Liab

Stock-Based Compensation - Liability-Classified Awards Narrative (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2019 award
Liability-classified awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimate of future expense for all types of RSUs outstanding	$ 31,000
Unrecognized compensation cost, period for recognition (in years)	1 month 6 days
Total cash paid for vesting and dividend payments	$ 6,600,000
Liability-classified awards | Key Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of award types | award		3
Market-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimate of future expense for all types of RSUs outstanding	0
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimate of future expense for all types of RSUs outstanding	$ 0

Stock-Based Compensation - Li_2

Stock-Based Compensation - Liability-Classified Award Activity (Details) - Liability-classified awards - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of all performance-based RSU activity
Outstanding at beginning of period (in shares)	43	135	316
Vested (in shares)	0	(92)	(172)
Forfeited (in shares)	0	0	(9)
Outstanding at end of period (in shares)	43	43	135

Stock-Based Compensation - Empl

Stock-Based Compensation - Employee Stock Purchase Plan (Details) $ in Thousands		12 Months Ended
	Oct. 26, 2021 USD ($)	Dec. 31, 2022 USD ($) employee shares	Dec. 31, 2021 USD ($) employee	Dec. 31, 2020 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 9,982	$ 10,657	$ 9,362
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 191	$ 25	$ 0
Employee Stock Purchase Plan | 2021 Stock Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum employee subscription rate	15%
Maximum employee subscription amount	$ 21,250
Purchase price discount	85%
Number of employees | employee		78	95
Number of shares purchased (in shares) | shares		22,909
Fair value of shares purchased		$ 604
Expected contributions		588	$ 514
Total stock-based compensation expense		$ 137

Retirement Savings Plan (Detail

Retirement Savings Plan (Details) - USD ($) $ in Millions		12 Months Ended
	Jan. 01, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Employer contribution matching percentage	3%
Employee vesting period in the retirement saving plan	2 years
Company defined contribution plan		$ 1	$ 1	$ 1

Income Taxes - Statutory Federa

Income Taxes - Statutory Federal Income Tax Rate (Details) - CTRS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amount
Federal income tax benefit (expenses)	$ 85	$ 346	$ 125
State income tax benefit (expense), net of federal income tax effect	16	66	24
Deferred tax adjustment	0	0	21
Capital loss (gain)	(29)	(10)	404
Valuation allowance	(60)	(346)	(586)
Other	(12)	(56)	12
Benefit applicable to net income (loss)	$ 0	$ 0	$ 0
Rate
Federal income tax benefit (expenses)	21%	21%	21%
State income tax benefit (expense), net of federal income tax effect	4%	4%	4%
Deferred tax adjustment	0%	0%	4%
Capital loss (gain)	0%	0%	68%
Valuation allowance	(15.00%)	(26.00%)	(98.00%)
Other	(10.00%)	1%	1%
Benefit applicable to net income (loss)	0%	0%	0%

Income Taxes - Tax Effect of Si

Income Taxes - Tax Effect of Significant Temporary Differences (Details) - CTRS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Income from unconsolidated joint ventures	$ 5	$ 27
Federal and state tax net operating loss carryforwards	1,636	1,163
Federal and state tax capital loss carryforwards	179	570
Gross deferred tax asset	1,820	1,760
Valuation allowance	(1,820)	(1,760)
Net deferred tax asset after valuation allowance	0	0
Net deferred tax asset	$ 1,800	$ 1,800

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income	$ 167,445	$ 278,996	$ 238,114
Net income available to common stockholders	$ 166,793	$ 278,586	$ 237,278
Denominator:
Weighted average common shares - basic (in shares)	150,113	148,666	148,277
Net income per common share — basic (in usd per share)	$ 1.11	$ 1.87	$ 1.60
Numerator:
Net income	$ 167,445	$ 278,996	$ 238,114
Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP	$ 166,936	$ 278,642	$ 237,593
Denominator:
Weighted average common shares - basic (in shares)	150,113	148,666	148,277
Add:
Weighted average units of CPLP convertible into common shares (in shares)	25	25	297
Weighted average common shares - diluted (in shares)	150,419	148,891	148,636
Net income per common share — diluted (in usd per share)	$ 1.11	$ 1.87	$ 1.60
Stock Options
Add:
Potential dilutive shares (in shares)	0	1	8
RSUs
Add:
Potential dilutive shares (in shares)	281	199	54
CPLP
Numerator:
Net income attributable to noncontrolling interests	$ (143)	$ (56)	$ (315)
Numerator:
Net income attributable to noncontrolling interests	(143)	(56)	(315)
Other Noncontrolling Interests
Numerator:
Net income attributable to noncontrolling interests	(509)	(354)	(521)
Numerator:
Net income attributable to noncontrolling interests	$ (509)	$ (354)	$ (521)

Consolidated Statements of Ca_4

Consolidated Statements of Cash Flows - Supplemental Information Supplemental Cash Flows Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Interest paid, net of amounts capitalized	$ 70,087	$ 68,003	$ 62,641
Income taxes paid	38	155	343
Non-Cash Transactions:
Common stock dividends declared and accrued	48,525	47,350	44,681
Transfer from projects under development to operating properties	141,348	0	443,932
Tenant improvements recorded in deferred income	80,369	4,541	15,803
Transfer from investment in unconsolidated joint ventures to operating properties	0	37,777	0
Transfer from operating properties and related liabilities to assets and liabilities of real estate assets held for sale	$ 0	$ 0	$ 188,378

Consolidated Statements of Ca_5

Consolidated Statements of Cash Flows - Supplemental Information Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 5,145	$ 8,937	$ 4,290
Restricted cash	0	1,231	1,848
Total cash, cash equivalents, and restricted cash	$ 5,145	$ 10,168	$ 6,138	$ 17,608

Reportable Segments - Segment R

Reportable Segments - Segment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total Revenues	$ 762,290	$ 755,073	$ 740,340
Rental property revenues
Segment Reporting Information [Line Items]
Total Revenues	753,511	739,063	721,883
Rental property revenues | Office
Segment Reporting Information [Line Items]
Total Revenues	748,477	736,365	719,866
Rental property revenues | Non-Office
Segment Reporting Information [Line Items]
Total Revenues	5,034	2,698	2,017
Rental property revenues | Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	768,448	767,856	750,217
Rental property revenues | Operating Segments | Atlanta
Segment Reporting Information [Line Items]
Total Revenues	280,209	270,412	256,196
Rental property revenues | Operating Segments | Austin
Segment Reporting Information [Line Items]
Total Revenues	249,776	247,806	210,229
Rental property revenues | Operating Segments | Charlotte
Segment Reporting Information [Line Items]
Total Revenues	60,346	77,402	96,537
Rental property revenues | Operating Segments | Dallas
Segment Reporting Information [Line Items]
Total Revenues	16,736	17,670	18,143
Rental property revenues | Operating Segments | Phoenix
Segment Reporting Information [Line Items]
Total Revenues	57,635	50,292	54,261
Rental property revenues | Operating Segments | Tampa
Segment Reporting Information [Line Items]
Total Revenues	70,984	59,614	50,671
Rental property revenues | Operating Segments | Other markets
Segment Reporting Information [Line Items]
Total Revenues	32,762	44,660	64,180
Rental property revenues | Operating Segments | Office
Segment Reporting Information [Line Items]
Total Revenues	757,692	758,440	742,703
Rental property revenues | Operating Segments | Office | Atlanta
Segment Reporting Information [Line Items]
Total Revenues	278,418	268,953	255,594
Rental property revenues | Operating Segments | Office | Austin
Segment Reporting Information [Line Items]
Total Revenues	249,776	247,806	210,229
Rental property revenues | Operating Segments | Office | Charlotte
Segment Reporting Information [Line Items]
Total Revenues	55,312	74,702	94,520
Rental property revenues | Operating Segments | Office | Dallas
Segment Reporting Information [Line Items]
Total Revenues	16,736	17,670	18,143
Rental property revenues | Operating Segments | Office | Phoenix
Segment Reporting Information [Line Items]
Total Revenues	57,635	50,292	50,671
Rental property revenues | Operating Segments | Office | Tampa
Segment Reporting Information [Line Items]
Total Revenues	70,984	59,614	54,261
Rental property revenues | Operating Segments | Office | Other markets
Segment Reporting Information [Line Items]
Total Revenues	28,831	39,403	59,285
Rental property revenues | Operating Segments | Non-Office
Segment Reporting Information [Line Items]
Total Revenues	10,756	9,416	7,514
Rental property revenues | Operating Segments | Non-Office | Atlanta
Segment Reporting Information [Line Items]
Total Revenues	1,791	1,459	602
Rental property revenues | Operating Segments | Non-Office | Austin
Segment Reporting Information [Line Items]
Total Revenues	0	0	0
Rental property revenues | Operating Segments | Non-Office | Charlotte
Segment Reporting Information [Line Items]
Total Revenues	5,034	2,700	2,017
Rental property revenues | Operating Segments | Non-Office | Dallas
Segment Reporting Information [Line Items]
Total Revenues	0	0	0
Rental property revenues | Operating Segments | Non-Office | Phoenix
Segment Reporting Information [Line Items]
Total Revenues	0	0	0
Rental property revenues | Operating Segments | Non-Office | Tampa
Segment Reporting Information [Line Items]
Total Revenues	0	0	0
Rental property revenues | Operating Segments | Non-Office | Other markets
Segment Reporting Information [Line Items]
Total Revenues	3,931	5,257	4,895
Rental property revenues | Segment Reconciling Items
Segment Reporting Information [Line Items]
Total Revenues	(14,937)	(28,793)	(28,334)
Rental property revenues | Segment Reconciling Items | Office
Segment Reporting Information [Line Items]
Total Revenues	(9,215)	(22,075)	(22,837)
Rental property revenues | Segment Reconciling Items | Non-Office
Segment Reporting Information [Line Items]
Total Revenues	$ (5,722)	$ (6,718)	$ (5,497)

Reportable Segments - Segment N

Reportable Segments - Segment Net Operating Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total Net Operating Income	$ 502,200	$ 493,720	$ 486,034
Atlanta
Segment Reporting Information [Line Items]
Total Net Operating Income	185,649	177,415	172,539
Austin
Segment Reporting Information [Line Items]
Total Net Operating Income	152,806	146,923	125,215
Charlotte
Segment Reporting Information [Line Items]
Total Net Operating Income	44,836	54,645	65,203
Dallas
Segment Reporting Information [Line Items]
Total Net Operating Income	12,890	14,014	14,586
Phoenix
Segment Reporting Information [Line Items]
Total Net Operating Income	41,544	36,244	33,440
Tampa
Segment Reporting Information [Line Items]
Total Net Operating Income	45,187	38,305	37,358
Other markets
Segment Reporting Information [Line Items]
Total Net Operating Income	19,288	26,174	37,693
Office
Segment Reporting Information [Line Items]
Total Net Operating Income	495,149	488,364	481,409
Office | Atlanta
Segment Reporting Information [Line Items]
Total Net Operating Income	184,609	176,793	172,588
Office | Austin
Segment Reporting Information [Line Items]
Total Net Operating Income	152,806	146,923	125,215
Office | Charlotte
Segment Reporting Information [Line Items]
Total Net Operating Income	41,234	53,294	63,876
Office | Dallas
Segment Reporting Information [Line Items]
Total Net Operating Income	12,890	14,014	14,586
Office | Phoenix
Segment Reporting Information [Line Items]
Total Net Operating Income	41,544	36,244	37,358
Office | Tampa
Segment Reporting Information [Line Items]
Total Net Operating Income	45,187	38,305	33,440
Office | Other markets
Segment Reporting Information [Line Items]
Total Net Operating Income	16,879	22,791	34,346
Non-Office
Segment Reporting Information [Line Items]
Total Net Operating Income	7,051	5,356	4,625
Non-Office | Atlanta
Segment Reporting Information [Line Items]
Total Net Operating Income	1,040	622	(49)
Non-Office | Austin
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0
Non-Office | Charlotte
Segment Reporting Information [Line Items]
Total Net Operating Income	3,602	1,351	1,327
Non-Office | Dallas
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0
Non-Office | Phoenix
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0
Non-Office | Tampa
Segment Reporting Information [Line Items]
Total Net Operating Income	0	0	0
Non-Office | Other markets
Segment Reporting Information [Line Items]
Total Net Operating Income	$ 2,409	$ 3,383	$ 3,347

Reportable Segments - Reconcili

Reportable Segments - Reconciliation of Net Income to Net Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net income		$ 167,445	$ 278,996	$ 238,114
Net operating income from unconsolidated joint ventures		9,524	19,223	18,836
Total Revenues		(762,290)	(755,073)	(740,340)
Reimbursed expenses		2,024	2,476	1,580
General and administrative expenses		28,319	29,321	27,034
Interest expense		72,537	67,027	60,605
Impairment	$ 14,800	0	0	14,829
Depreciation and amortization		295,587	288,092	288,648
Transaction costs		0	0	428
Other expenses		2,134	2,131	2,091
Income from unconsolidated joint ventures		(7,700)	(6,801)	(7,947)
Gain on sales of investment in unconsolidated joint ventures		(56,267)	(13,083)	(45,767)
Gain (loss) on investment property transactions		9	(152,547)	(90,125)
Gain on extinguishment of debt		(169)	0	0
Net Operating Income		502,200	493,720	486,034
Fee income
Segment Reporting Information [Line Items]
Total Revenues		(6,119)	(15,559)	(18,226)
Termination fee income
Segment Reporting Information [Line Items]
Total Revenues		(2,464)	(5,105)	(3,835)
Other income
Segment Reporting Information [Line Items]
Total Revenues		$ (2,660)	$ (451)	$ (231)

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 535,241
Initial Cost to Company
Land and Improvements	788,080
Buildings and Improvements	5,303,404
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	58,716
Building and Improvements less Cost of Sales, Transfers and Other	1,937,647
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	846,795
Building and Improvements less Cost of Sales, Transfers and Other	7,241,051
Total	8,087,846	$ 7,714,382	$ 7,385,230
Accumulated Depreciation	1,079,662	$ 874,988	$ 811,196	$ 621,617
OPERATING PROPERTIES
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	535,241
Initial Cost to Company
Land and Improvements	628,064
Buildings and Improvements	5,303,404
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	43,661
Building and Improvements less Cost of Sales, Transfers and Other	1,842,887
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	671,725
Building and Improvements less Cost of Sales, Transfers and Other	7,146,291
Total	7,818,016
Accumulated Depreciation	1,079,662
OPERATING PROPERTIES | Miscellaneous Investments
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	15,318
Buildings and Improvements	69,780
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	33
Building and Improvements less Cost of Sales, Transfers and Other	2,121
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	15,351
Building and Improvements less Cost of Sales, Transfers and Other	71,901
Total	87,252
Accumulated Depreciation	4,797
OPERATING PROPERTIES | Austin, TX | The Domain
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	74,521
Initial Cost to Company
Land and Improvements	65,236
Buildings and Improvements	755,143
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	6,006
Building and Improvements less Cost of Sales, Transfers and Other	288,737
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	71,242
Building and Improvements less Cost of Sales, Transfers and Other	1,043,880
Total	1,115,122
Accumulated Depreciation	$ 103,911
OPERATING PROPERTIES | Austin, TX | The Domain | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | The Domain | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Austin, TX | 300 Colorado
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	18,354
Buildings and Improvements	278,905
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	(18)
Building and Improvements less Cost of Sales, Transfers and Other	7,413
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	18,336
Building and Improvements less Cost of Sales, Transfers and Other	286,318
Total	304,654
Accumulated Depreciation	$ 8,040
OPERATING PROPERTIES | Austin, TX | 300 Colorado | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | 300 Colorado | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Austin, TX | The Terrace
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	27,360
Buildings and Improvements	247,226
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	22,201
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	27,360
Building and Improvements less Cost of Sales, Transfers and Other	269,427
Total	296,787
Accumulated Depreciation	$ 29,755
OPERATING PROPERTIES | Austin, TX | The Terrace | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | The Terrace | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Austin, TX | One Eleven Congress
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	33,841
Buildings and Improvements	201,707
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	51,421
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	33,841
Building and Improvements less Cost of Sales, Transfers and Other	253,128
Total	286,969
Accumulated Depreciation	$ 44,830
OPERATING PROPERTIES | Austin, TX | One Eleven Congress | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | One Eleven Congress | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Austin, TX | San Jacinto Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	34,068
Buildings and Improvements	176,535
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	(579)
Building and Improvements less Cost of Sales, Transfers and Other	26,742
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	33,489
Building and Improvements less Cost of Sales, Transfers and Other	203,277
Total	236,766
Accumulated Depreciation	$ 34,726
OPERATING PROPERTIES | Austin, TX | San Jacinto Center | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | San Jacinto Center | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Austin, TX | Colorado Tower
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 109,552
Initial Cost to Company
Land and Improvements	1,600
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	20,560
Building and Improvements less Cost of Sales, Transfers and Other	123,938
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	22,160
Building and Improvements less Cost of Sales, Transfers and Other	123,938
Total	146,098
Accumulated Depreciation	$ 41,388
OPERATING PROPERTIES | Austin, TX | Colorado Tower | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | Colorado Tower | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	30 years
OPERATING PROPERTIES | Austin, TX | Domain Point
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	17,349
Buildings and Improvements	71,599
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	11,961
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	17,349
Building and Improvements less Cost of Sales, Transfers and Other	83,560
Total	100,909
Accumulated Depreciation	$ 10,826
OPERATING PROPERTIES | Austin, TX | Domain Point | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | Domain Point | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Austin, TX | Research Park V
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,373
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	801
Building and Improvements less Cost of Sales, Transfers and Other	45,081
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	5,174
Building and Improvements less Cost of Sales, Transfers and Other	45,081
Total	50,255
Accumulated Depreciation	$ 15,462
OPERATING PROPERTIES | Austin, TX | Research Park V | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Austin, TX | Research Park V | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	30 years
OPERATING PROPERTIES | Atlanta, GA | Terminus
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 221,000
Initial Cost to Company
Land and Improvements	49,050
Buildings and Improvements	410,826
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	45,715
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	49,050
Building and Improvements less Cost of Sales, Transfers and Other	456,541
Total	505,591
Accumulated Depreciation	$ 49,845
OPERATING PROPERTIES | Atlanta, GA | Terminus | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Terminus | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | Northpark Town Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	22,350
Buildings and Improvements	295,825
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	66,161
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	22,350
Building and Improvements less Cost of Sales, Transfers and Other	361,986
Total	384,336
Accumulated Depreciation	$ 93,350
OPERATING PROPERTIES | Atlanta, GA | Northpark Town Center | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Northpark Town Center | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	39 years
OPERATING PROPERTIES | Atlanta, GA | Spring & 8th
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	28,131
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	426
Building and Improvements less Cost of Sales, Transfers and Other	301,770
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	28,557
Building and Improvements less Cost of Sales, Transfers and Other	301,770
Total	330,327
Accumulated Depreciation	$ 51,746
OPERATING PROPERTIES | Atlanta, GA | Spring & 8th | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Spring & 8th | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | Buckhead Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	35,064
Buildings and Improvements	234,111
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	54,902
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	35,064
Building and Improvements less Cost of Sales, Transfers and Other	289,013
Total	324,077
Accumulated Depreciation	$ 46,738
OPERATING PROPERTIES | Atlanta, GA | Buckhead Plaza | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Buckhead Plaza | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | 725 Ponce
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	20,720
Buildings and Improvements	272,226
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	14,096
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	20,720
Building and Improvements less Cost of Sales, Transfers and Other	286,322
Total	307,042
Accumulated Depreciation	$ 12,139
OPERATING PROPERTIES | Atlanta, GA | 725 Ponce | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | 725 Ponce | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | 3344 Peachtree
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	16,110
Buildings and Improvements	176,153
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	40,615
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	16,110
Building and Improvements less Cost of Sales, Transfers and Other	216,768
Total	232,878
Accumulated Depreciation	$ 41,789
OPERATING PROPERTIES | Atlanta, GA | 3344 Peachtree | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | 3344 Peachtree | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | Avalon
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,952
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	73
Building and Improvements less Cost of Sales, Transfers and Other	180,312
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	10,025
Building and Improvements less Cost of Sales, Transfers and Other	180,312
Total	190,337
Accumulated Depreciation	$ 29,015
OPERATING PROPERTIES | Atlanta, GA | Avalon | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Avalon | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | Promenade Tower
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,439
Buildings and Improvements	102,790
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	62,902
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	13,439
Building and Improvements less Cost of Sales, Transfers and Other	165,692
Total	179,131
Accumulated Depreciation	$ 57,571
OPERATING PROPERTIES | Atlanta, GA | Promenade Tower | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Promenade Tower | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	34 years
OPERATING PROPERTIES | Atlanta, GA | 3350 Peachtree
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	16,836
Buildings and Improvements	108,177
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	44,203
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	16,836
Building and Improvements less Cost of Sales, Transfers and Other	152,380
Total	169,216
Accumulated Depreciation	$ 19,833
OPERATING PROPERTIES | Atlanta, GA | 3350 Peachtree | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | 3350 Peachtree | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | Promenade Central
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	19,495
Buildings and Improvements	62,836
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	51,464
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	19,495
Building and Improvements less Cost of Sales, Transfers and Other	114,300
Total	133,795
Accumulated Depreciation	$ 4,880
OPERATING PROPERTIES | Atlanta, GA | Promenade Central | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Promenade Central | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | 3348 Peachtree
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,707
Buildings and Improvements	69,723
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	1,575
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	6,707
Building and Improvements less Cost of Sales, Transfers and Other	71,298
Total	78,005
Accumulated Depreciation	$ 16,135
OPERATING PROPERTIES | Atlanta, GA | 3348 Peachtree | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | 3348 Peachtree | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Atlanta, GA | Meridian Mark Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,219
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	25,954
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	2,219
Building and Improvements less Cost of Sales, Transfers and Other	25,954
Total	28,173
Accumulated Depreciation	$ 17,922
OPERATING PROPERTIES | Atlanta, GA | Meridian Mark Plaza | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Atlanta, GA | Meridian Mark Plaza | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	30 years
OPERATING PROPERTIES | Tampa, FL | Corporate Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,468
Buildings and Improvements	272,148
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	16,733
Building and Improvements less Cost of Sales, Transfers and Other	63,554
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	19,201
Building and Improvements less Cost of Sales, Transfers and Other	335,702
Total	354,903
Accumulated Depreciation	$ 71,090
OPERATING PROPERTIES | Tampa, FL | Corporate Center | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Tampa, FL | Corporate Center | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Tampa, FL | Heights Union
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,545
Buildings and Improvements	123,944
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	19,073
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	9,545
Building and Improvements less Cost of Sales, Transfers and Other	143,017
Total	152,562
Accumulated Depreciation	$ 5,843
OPERATING PROPERTIES | Tampa, FL | Heights Union | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Tampa, FL | Heights Union | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Tampa, FL | The Pointe
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,404
Buildings and Improvements	54,694
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	8,637
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	9,404
Building and Improvements less Cost of Sales, Transfers and Other	63,331
Total	72,735
Accumulated Depreciation	$ 13,576
OPERATING PROPERTIES | Tampa, FL | The Pointe | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Tampa, FL | The Pointe | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Tampa, FL | Harborview Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	10,800
Buildings and Improvements	39,136
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	10,040
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	10,800
Building and Improvements less Cost of Sales, Transfers and Other	49,176
Total	59,976
Accumulated Depreciation	$ 10,184
OPERATING PROPERTIES | Tampa, FL | Harborview Plaza | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Tampa, FL | Harborview Plaza | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Phoenix, AZ | Hayden Ferry
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,102
Buildings and Improvements	262,578
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	(252)
Building and Improvements less Cost of Sales, Transfers and Other	22,298
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	12,850
Building and Improvements less Cost of Sales, Transfers and Other	284,876
Total	297,726
Accumulated Depreciation	$ 60,247
OPERATING PROPERTIES | Phoenix, AZ | Hayden Ferry | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Phoenix, AZ | Hayden Ferry | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Phoenix, AZ | 100 Mill
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,156
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	5
Building and Improvements less Cost of Sales, Transfers and Other	168,427
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	13,161
Building and Improvements less Cost of Sales, Transfers and Other	168,427
Total	181,588
Accumulated Depreciation	$ 4,456
OPERATING PROPERTIES | Phoenix, AZ | 100 Mill | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Phoenix, AZ | 100 Mill | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Phoenix, AZ | Tempe Gateway
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,893
Buildings and Improvements	95,130
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	6,490
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	5,893
Building and Improvements less Cost of Sales, Transfers and Other	101,620
Total	107,513
Accumulated Depreciation	$ 15,959
OPERATING PROPERTIES | Phoenix, AZ | Tempe Gateway | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Phoenix, AZ | Tempe Gateway | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Phoenix, AZ | 111 West Rio
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,076
Buildings and Improvements	56,647
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	(127)
Building and Improvements less Cost of Sales, Transfers and Other	18,987
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	5,949
Building and Improvements less Cost of Sales, Transfers and Other	75,634
Total	81,583
Accumulated Depreciation	$ 16,922
OPERATING PROPERTIES | Phoenix, AZ | 111 West Rio | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Phoenix, AZ | 111 West Rio | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Houston, TX | Briarlake Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	33,486
Buildings and Improvements	196,915
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	17,078
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	33,486
Building and Improvements less Cost of Sales, Transfers and Other	213,993
Total	247,479
Accumulated Depreciation	$ 27,131
OPERATING PROPERTIES | Houston, TX | Briarlake Plaza | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Houston, TX | Briarlake Plaza | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Charlotte, NC | Fifth Third Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 130,168
Initial Cost to Company
Land and Improvements	22,591
Buildings and Improvements	180,430
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	20,533
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	22,591
Building and Improvements less Cost of Sales, Transfers and Other	200,963
Total	223,554
Accumulated Depreciation	$ 55,453
OPERATING PROPERTIES | Charlotte, NC | Fifth Third Center | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Charlotte, NC | Fifth Third Center | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Charlotte, NC | The RailYard
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	22,831
Buildings and Improvements	178,323
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	1,225
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	22,831
Building and Improvements less Cost of Sales, Transfers and Other	179,548
Total	202,379
Accumulated Depreciation	$ 12,572
OPERATING PROPERTIES | Charlotte, NC | The RailYard | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Charlotte, NC | The RailYard | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Charlotte, NC | 550 South
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	51
Buildings and Improvements	115,238
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	9,342
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	51
Building and Improvements less Cost of Sales, Transfers and Other	124,580
Total	124,631
Accumulated Depreciation	$ 25,827
OPERATING PROPERTIES | Charlotte, NC | 550 South | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Charlotte, NC | 550 South | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Dallas, GA | Legacy Union One
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,049
Buildings and Improvements	128,740
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	231
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	13,049
Building and Improvements less Cost of Sales, Transfers and Other	128,971
Total	142,020
Accumulated Depreciation	$ 17,375
OPERATING PROPERTIES | Dallas, GA | Legacy Union One | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Dallas, GA | Legacy Union One | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
OPERATING PROPERTIES | Dallas, GA | 5950 Sherry Lane
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,040
Buildings and Improvements	65,919
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	7,688
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	8,040
Building and Improvements less Cost of Sales, Transfers and Other	73,607
Total	81,647
Accumulated Depreciation	$ 8,329
OPERATING PROPERTIES | Dallas, GA | 5950 Sherry Lane | Minimum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	5 years
OPERATING PROPERTIES | Dallas, GA | 5950 Sherry Lane | Maximum
Gross Amount at Which Carried  at Close of Period
Life on Which Depreciation in 2021 Statement of Operations is Computed	40 years
PROJECTS UNDER DEVELOPMENT
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	16,640
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	94,760
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	16,640
Building and Improvements less Cost of Sales, Transfers and Other	94,760
Total	111,400
Accumulated Depreciation	0
PROJECTS UNDER DEVELOPMENT | Austin, TX | Domain 9
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	16,640
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	94,760
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	16,640
Building and Improvements less Cost of Sales, Transfers and Other	94,760
Total	111,400
Accumulated Depreciation	0
LAND
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	143,376
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	15,055
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	158,430
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	158,430
Accumulated Depreciation	0
LAND | Austin, TX | Domain 14 & 15
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	21,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	21,000
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	21,000
Accumulated Depreciation	0
LAND | Austin, TX | Domain Point 3
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	11,018
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	11,018
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	11,018
Accumulated Depreciation	0
LAND | Atlanta, GA | 887 West Peachtree
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	11,883
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	14,429
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	26,311
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	26,311
Accumulated Depreciation	0
LAND | Atlanta, GA | 3354 Peachtree
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	13,410
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	8,099
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	21,509
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	21,509
Accumulated Depreciation	0
LAND | Tampa, FL | Corporate Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	5,188
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	(8)
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	5,180
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	5,180
Accumulated Depreciation	0
LAND | Charlotte, NC | South End Station
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	28,134
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	28,134
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	28,134
Accumulated Depreciation	0
LAND | Charlotte, NC | Tremont
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	18,779
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	75
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	18,854
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	18,854
Accumulated Depreciation	0
LAND | Dallas, GA | Legacy Union 2 & 3
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	22,724
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	0
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	22,724
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	22,724
Accumulated Depreciation	0
LAND | Suburban Atlanta, GA | The Avenue Forsyth -Adjacent Land
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company
Land and Improvements	11,240
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Land and Improvements less Cost of Sales, Transfers and Other	(7,540)
Building and Improvements less Cost of Sales, Transfers and Other	0
Gross Amount at Which Carried  at Close of Period
Land and Improvements less Cost of Sales, Transfers and Other	3,700
Building and Improvements less Cost of Sales, Transfers and Other	0
Total	3,700
Accumulated Depreciation	$ 0

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Notes to Schedule III (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate
Balance at beginning of period	$ 7,714,382	$ 7,370,401	$ 7,158,069
Additions during the period:
Acquisitions	0	723,694	286,252
Improvements and other capitalized costs	436,201	280,823	323,919
Total Additions	436,201	1,004,517	610,171
Deductions during the period:
Cost of real estate sold	0	(552,201)	(383,010)
Write off of fully depreciated assets	(62,737)	(108,335)	0
Total Deductions	(62,737)	(660,536)	(383,010)
Total	8,087,846	7,714,382	7,385,230
Cumulative impairment charges on real estate assets owned at end of period	0	0	(14,829)
Balance at end of period	8,087,846	7,714,382	7,370,401
Accumulated Depreciation
Balance at beginning of period	874,988	811,196	621,617
Additions during the period:
Depreciation expense	267,411	246,240	234,057
Total Additions	267,411	246,240	234,057
Deductions during the period:
Cost of real estate sold	0	(74,113)	(44,478)
Write off of fully depreciated assets	(62,737)	(108,335)	0
Total Deductions	(62,737)	(182,448)	(44,478)
Balance at end of period before impairment charges	1,079,662	$ 874,988	$ 811,196
Aggregate cost for federal income tax, net of depreciation	$ 5,600,000
Buildings and Improvements | Minimum
Deductions during the period:
Useful life	30 years
Buildings and Improvements | Maximum
Deductions during the period:
Useful life	40 years