UNCONSOLIDATED INVESTMENT	12 Months Ended
UNCONSOLIDATED INVESTMENT	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
UNCONSOLIDATED INVESTMENT	UNCONSOLIDATED INVESTMENT The Company owns a 50% undivided tenant-in-common interest in Industry Distribution Center II, a 309,000 square foot warehouse distribution building in the City of Industry (Los Angeles), California. The building was constructed in 1998 and is 100% leased through December 2015 to a single tenant who owns the other 50% interest in the property. This investment is accounted for under the equity method of accounting and had a carrying value of $7,884,000 at December 31, 2014, and $2,764,000 at December 31, 2013. At the end of May 2005, EastGroup and the property co-owner closed a non-recourse first mortgage loan secured by Industry Distribution Center II. The $13.3 million loan had a 25-year term and an interest rate of 5.31% through June 30, 2015, when the rate was to adjust on an annual basis according to the “A” Moody’s Daily Long-Term Corporate Bond Yield Average. The lender had the option to call the note on June 30, 2015. The Company and the property co-owner repaid (with no penalty) the mortgage on October 31, 2014; EastGroup’s share of this mortgage was $5,132,000 on the date of repayment and $5,280,000 at December 31, 2013.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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