Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

Real Estate and Accumulated Depreciation Disclosure [Abstract]

REAL ESTATE AND ACCUMULATED DEPRECIATION

COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2012

(in thousands)

			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition					Gross Amount at Which Carried at Close of Period
Description/Metropolitan Area	Encumbrances		Land and Improvements		Buildings and Improvements		Land and Improvements less Cost of Sales, Transfers and Other			Building and Improvements less Cost of Sales, Transfers and Other		Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other		Total (a)		Accumulated Depreciation (a)		Date of Construction/ Renovation	Date Acquired	Life on Which Depreciation in 2012 Statement of Operations is Computed (b)
OPERATING PROPERTIES
Office
191 Peachtree Tower (c)	$	100,000	$	5,355	$	141,012	$	—		$	85,392	$	5,355	$	226,404	$	231,759	$	54,747	—	2006	40 years
Atlanta, GA
Terminus 100	136,123		15,559		—		(2,512		)	157,840		13,047		157,840		170,887		46,236		2008	2005	30 years
Atlanta, GA
Promenade (c)	—		13,439		102,790		—			10,274		13,439		113,064		126,503		5,637		—	2011	34 years
Atlanta, GA
The American Cancer Society Center	134,243		5,226		67,370		—			29,741		5,226		97,111		102,337		55,151		—	1999	25 years
Atlanta, GA
2100 Ross Avenue (c)	—		5,987		36,705		—			9,149		5,987		45,854		51,841		1,327		—	2012	35 years
Dallas, TX
The Points at Waterview	15,651		2,558		22,910		85			6,849		2,643		29,759		32,402		16,989		—	2000	25 years
Suburban Dallas, TX
Meridian Mark Plaza	26,194		2,219		—		—			26,128		2,219		26,128		28,347		14,715		1997	1997	30 years
Atlanta, GA
Lakeshore Park Plaza	—		3,362		12,261		—			6,304		3,362		18,565		21,927		10,919		—	1998	30 years
Birmingham, AL
555 North Point Center East	—		368		—		—			21,325		368		21,325		21,693		11,096		1998	1998	30 years
Suburban Atlanta, GA
600 University Park Place	—		1,899		—		—			19,371		1,899		19,371		21,270		8,473		1998	1998	30 years
Birmingham, AL
221 Peachtree Center Avenue Parking Garage	—		4,217		13,337		—			348		4,217		13,685		17,902		1,999		—	2007	39 years
Atlanta, GA
333 North Point Center East	—		551		—		—			14,168		551		14,168		14,719		8,656		1996	1996	30 years
Suburban Atlanta, GA

			Initial Cost to Company				Costs Capitalized Subsequent  to Acquisition						Gross Amount at Which Carried at Close of Period
Description/Metropolitan Area	Encumbrances		Land and Improvements		Buildings  and Improvements		Land and Improvements less Cost of Sales, Transfers and Other			Building and Improvements less Cost of Sales, Transfers and Other			Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other			Total (a)		Accumulated Depreciation (a)		Date of Construction/ Renovation	Date Acquired	Life on Which Depreciation in 2012 Statement of Operations is Computed (b)
Office (cont'd)
100 North Point Center East	$	—	$	1,475	$	9,625	$	—		$	2,448		$	1,475	$	12,073		$	13,548	$	6,172	—	2003	25 years
Suburban Atlanta, GA
200 North Point Center East	—		1,726		7,920		—			2,614			1,726		10,534			12,260		4,853		—	2003	25 years
Suburban Atlanta, GA
Total Office	412,211		63,941		413,930		(2,427		)	391,951			61,514		805,881			867,395		246,970
Retail
Tiffany Springs MarketCenter	$	—	$	8,174	$	—	$	6,173		$	43,038		$	14,347	$	43,038		$	57,385	$	8,158	2009	2007	30 years
Kansas City, MO
Total Operating Properties	$	412,211	$	72,115	$	413,930	$	3,746		$	434,989		$	75,861	$	848,919		$	924,780	$	255,128
PROJECTS UNDER DEVELOPMENT
Mahan Village
Tallahassee, FL	$	13,027	$	5,377	$	—	$	—		$	20,015		$	5,377	$	20,015		$	25,392	$	183	2011	2011	30 years
LAND
Commercial Land
Round Rock Land	$	—	$	12,802	$	—	$	4,313		$	(6,915	)	$	17,115	$	(6,915	)	$	10,200	$	—	—	2005	0 years
Austin, TX
Research Park V	—		4,373		—		595			—			4,968		—			4,968		—		—	1998	0 years
Austin, TX
Land Adjacent to The Avenue Forsyth	—		11,240		—		10,875			(18,415		)	22,115		(18,415		)	3,700		—		—	2007	0 years
Suburban Atlanta, GA
Blalock Lakes	—		9,646		—		4			(6,305		)	9,650		(6,305		)	3,345		—		—	2008	0 years
Suburban Atlanta, GA
549 / 555 / 557 Peachtree Street	—		5,988		—		6,152			(9,515		)	12,140		(9,515		)	2,625		—		—	2004	0 years
Atlanta, GA

			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount at Which Carried at Close of Period
Description/Metropolitan Area	Encumbrances		Land and Improvements		Buildings and Improvements		Land and Improvements less Cost of Sales, Transfers and Other			Building and Improvements less Cost of Sales, Transfers and Other			Land and Improvements less Cost of Sales, Transfers and Other		Building and Improvements less Cost of Sales, Transfers and Other			Total (a)		Accumulated Depreciation (a)		Date of Construction/ Renovation	Date Acquired	Life on Which Depreciation in 2012 Statement of Operations is Computed (b)
Commercial Land (cont’d)
Jefferson Mill Business Park	$	—	$	14,223	$	—	$	9,533		$	(21,236	)	$	23,756	$	(21,236	)	$	2,520	$	—	—	2006	0 years
Suburban Atlanta, GA
North Point	—		10,294		—		28,895			(37,265		)	39,189		(37,265		)	1,924		—		—	1970-1985	0 years
Suburban Atlanta, GA
Wildwood	—		10,214		—		5,092			(14,292		)	15,306		(14,292		)	1,014		—		—	1971-1989	0 years
Suburban Atlanta, GA
Total Commercial Land	$	—	$	78,780	$	—	$	65,459		$	(113,943	)	$	144,239	$	(113,943	)	$	30,296	$	—
Residential Land
Blalock Lakes	$	—	$	17,657	$	—	$	26,832		$	(37,684	)	$	44,489	$	(37,684	)	$	6,805	$	—	2006	2006	0 years
Suburban Atlanta, GA
Callaway Gardens	—		1,584		—		16,066			(13,063		)	17,650		(13,063		)	4,587		—		2006	2006	0 years
Pine Mountain, GA
Longleaf at Callaway	172		2,098		—		6,782			(8,513		)	8,880		(8,513		)	367		—		2002	2002	0 years
Pine Mountain, GA
The Lakes at Cedar Grove	—		4,720		—		29,922			(34,510		)	34,642		(34,510		)	132		—		2001	2001	0 years
Suburban Atlanta, GA
Total Residential Land	$	172	$	26,059	$	—	$	79,602		$	(93,770	)	$	105,661	$	(93,770	)	$	11,891	$	—
Total Land	$	172	$	104,839	$	—	$	145,061		$	(207,713	)	$	249,900	$	(207,713	)	$	42,187	$	—
OTHER
10 Terminus Place
Atlanta, GA	$	—	$	7,810	$	72,573	$	(7,561	)	$	(72,671	)	$	249	$	(98	)	$	151	$	—	2008	2005	0 years
	$	425,410	$	190,141	$	486,503	$	141,246		$	174,620		$	331,387	$	661,123		$	992,510	$	255,311
OPERATING PROPERTY HELD FOR SALE
Inhibitex
Suburban Atlanta, GA	$	—	$	675	$	—	$	(307	)	$	4,445		$	368	$	4,445		$	4,813	$	2,947	2004	2004	30 years

NOTES:

(a) Reconciliations of total real estate carrying value and accumulated depreciation for the three years ended December 31, 2012 are as follows:

	Real Estate									Accumulated Depreciation
	2012			2011			2010			2012			2011			2010
Balance at beginning of period	$	1,253,414		$	1,363,320		$	1,468,413		$	289,473		$	274,925		$	233,091
Additions during the period:
Acquisition	42,692			116,229			—			—			—			—
Improvements and other capitalized costs	49,559			50,009			43,798			—			—			—
Depreciation expense	—			—			—			48,607			52,630			58,585
	92,251			166,238			43,798			48,607			52,630			58,585
Deductions during the period:
Cost of real estate sold or foreclosed	(334,552		)	(162,989		)	(143,497		)	(79,822		)	(29,110		)	(13,911		)
Impairment losses	(13,790		)	(104,183		)	(2,554		)	—			—			—
Write-off of fully depreciated assets	—			(8,972		)	(2,840		)	—			(8,972		)	(2,840		)
	(348,342		)	(276,144		)	(148,891		)	(79,822		)	(38,082		)	(16,751		)
Balance at end of period	$	997,323		$	1,253,414		$	1,363,320		$	258,258		$	289,473		$	274,925

(b) Buildings and improvements are depreciated over 24 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.

(c) Certain intangible assets related to the purchase of this property are included in other assets and are not in the above table.