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Investment in Unconsolidated Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of unconsolidated joint ventures
Information relating to these unconsolidated joint ventures is summarized below (dollars in thousands):
Joint Venture Entity
 
Location
 
Parkway's Ownership%
 
Investment Balance at June 30, 2016
 
Investment Balance at December 31, 2015
US Airways Building Tenancy in Common ("US Airways Building")
 
Phoenix, AZ
 
74.58%
 
$
37,783

 
$
38,472

7000 Central Park JV LLC ("7000 Central Park") (1)
 
Atlanta, GA
 
40.00%
 
127

 
120

Tryon Place, LLC (2)
 
Charlotte, NC
 
14.80%
 
1,000

 
1,000

Courvoisier Centre JV, LLC ("Courvoisier Joint Venture")
 
Miami, FL
 
20.00%
 
6,352

 
—

 
 
 
 
 
 
$
45,262

 
$
39,592


(1) The Company and its joint venture partner sold 7000 Central Park on November 6, 2015.
(2) On December 23, 2015, the Company entered into a joint venture agreement with a third party investor for the purpose of exploring a development opportunity in Charlotte, North Carolina.
Schedule of equity method investments financial information
The following table summarizes the combined balance sheets of the unconsolidated joint ventures at June 30, 2016 and December 31, 2015 (in thousands):    
 
 
June 30, 2016
 
December 31, 2015
Cash
 
$
2,305

 
$
559

Restricted cash
 
183

 
—

Real estate, net
 
213,161

 
46,087

Intangible assets, net
 
8,771

 
2,265

Receivables and other assets
 
11,534

 
3,513

Total assets
 
$
235,954

 
$
52,424

 
 
 
 
 
Mortgage debt
 
$
118,015

 
$
13,105

Other liabilities
 
9,339

 
466

Partners' equity
 
108,600

 
38,853

Total liabilities and partners' equity
 
$
235,954

 
$
52,424



The following table summarizes the combined statements of operations of the unconsolidated joint ventures for the three months ended June 30, 2016 and 2015 (in thousands):    
 
 
Three Months Ended
 
 
June 30, 2016
 
June 30, 2015
Revenues
 
$
5,059

 
$
3,167

Operating expenses
 
(1,782
)
 
(949
)
Depreciation and amortization
 
(2,145
)
 
(1,664
)
Operating income before other income and expenses
 
1,132

 
554

Interest expense
 
(1,323
)
 
(251
)
Loan cost amortization
 
(36
)
 
(41
)
Net income (loss)
 
$
(227
)
 
$
262



The following table summarizes the combined statements of operations of the unconsolidated joint ventures for the six months ended June 30, 2016 and 2015 (in thousands):    
 
 
Six Months Ended
 
 
June 30, 2016
 
June 30, 2015
Revenues
 
$
8,682

 
$
6,134

Operating expenses
 
(3,170
)
 
(1,983
)
Depreciation and amortization
 
(3,686
)
 
(3,815
)
Operating income before other income and expenses
 
1,826

 
336

Interest expense
 
(2,171
)
 
(500
)
Loan cost amortization
 
(61
)
 
(84
)
Net loss
 
$
(406
)
 
$
(248
)