Cousins Properties (CUZ) 10-Q28 Jul 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Jul. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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 per share
Trading Symbol	CUZ
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		151,434,281
Entity Central Index Key	0000025232
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Real estate assets:
Operating properties, net of accumulated depreciation of $971,023 and $874,988 in 2022 and 2021, respectively	$ 6,630,212	$ 6,506,910
Projects under development	90,622	174,803
Land	157,680	157,681
Total properties	6,878,514	6,839,394
Cash and cash equivalents	4,057	8,937
Restricted cash	1,231	1,231
Accounts receivable	9,688	12,553
Deferred rents receivable	166,654	154,866
Investment in unconsolidated joint ventures	103,215	77,811
Intangible assets, net	151,550	168,553
Other assets, net	65,215	48,689
Total assets	7,380,124	7,312,034
Liabilities:
Notes payable	2,305,637	2,237,509
Accounts payable and accrued expenses	208,417	224,523
Deferred income	75,226	74,515
Intangible liabilities, net	57,327	63,223
Other liabilities	100,822	111,864
Total liabilities	2,747,429	2,711,634
Commitments and contingencies
Stockholders' investment:
Common stock, $1 par value per share, 300,000,000 shares authorized, 154,024,945 and 151,272,969 shares issued and outstanding in 2022 and 2021, respectively	154,025	151,273
Additional paid-in capital	5,627,133	5,549,308
Treasury stock at cost, 2,584,933 shares in 2022 and 2021	(148,473)	(148,473)
Distributions in excess of cumulative net income	(1,020,590)	(985,338)
Total stockholders' investment	4,612,095	4,566,770
Nonredeemable noncontrolling interests	20,600	33,630
Total equity	4,632,695	4,600,400
Total liabilities and equity	$ 7,380,124	$ 7,312,034

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accumulated depreciation on operating properties	$ 971,023	$ 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)	154,024,945	151,272,969
Common stock, shares outstanding (in shares)	154,024,945	151,272,969
Treasury stock, shares (in shares)	2,584,933	2,584,933

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total Revenues	$ 185,680	$ 186,637	$ 372,578	$ 376,187
Expenses:
Rental property operating expenses	62,216	63,716	127,093	130,111
Reimbursed expenses	677	398	1,037	766
General and administrative expenses	6,996	7,313	15,059	14,046
Interest expense	16,549	16,656	32,074	33,864
Depreciation and amortization	69,861	71,456	140,605	142,326
Other	425	824	646	1,414
Total costs and expenses	156,724	160,363	316,514	322,527
Income from unconsolidated joint ventures	5,280	1,795	6,404	3,698
Gain on sales of investments in unconsolidated joint ventures	0	0	0	39
Gain (loss) on investment property transactions	28	(9)	(41)	(26)
Loss on extinguishment of debt	(100)	0	(100)	0
Net income	34,164	28,060	62,327	57,371
Net loss (income) attributable to noncontrolling interests	(112)	93	(291)	(108)
Net income available to common stockholders	$ 34,052	$ 28,153	$ 62,036	$ 57,263
Net income per common share — basic (in usd per share)	$ 0.23	$ 0.19	$ 0.42	$ 0.39
Net income per common share — diluted (in usd per share)	$ 0.23	$ 0.19	$ 0.42	$ 0.39
Weighted average shares — basic (in shares)	148,837	148,665	148,788	148,644
Weighted average shares — diluted (in shares)	149,142	148,740	149,090	148,716
Rental property revenues
Revenues:
Total Revenues	$ 183,174	$ 181,766	$ 366,401	$ 366,573
Fee income
Revenues:
Total Revenues	2,305	4,803	3,693	9,332
Other
Revenues:
Total Revenues	$ 201	$ 68	$ 2,484	$ 282

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Distributions in Excess of Net Income	Stockholders’ Investment	Nonredeemable Noncontrolling Interests
Beginning balance at Dec. 31, 2020	$ 4,495,538	$ 151,149	$ 5,542,762	$ (148,473)	$ (1,078,304)	$ 4,467,134	$ 28,404
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	57,371				57,263	57,263	108
Common stock issued pursuant to stock based compensation	552	126	426			552
Amortization of stock based compensation, net of forfeitures	3,146	(2)	3,148			3,146
Contributions from nonredeemable noncontrolling interests	3,382						3,382
Distributions to nonredeemable noncontrolling interests	(353)						(353)
Common dividends	(92,232)				(92,232)	(92,232)
Ending balance at Jun. 30, 2021	4,467,404	151,273	5,546,336	(148,473)	(1,113,273)	4,435,863	31,541
Beginning balance at Mar. 31, 2021	4,481,248	151,240	5,543,549	(148,473)	(1,095,361)	4,450,955	30,293
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,060				28,153	28,153	(93)
Common stock issued pursuant to stock based compensation	1,335	35	1,300			1,335
Amortization of stock based compensation, net of forfeitures	1,485	(2)	1,487			1,485
Contributions from nonredeemable noncontrolling interests	1,687						1,687
Distributions to nonredeemable noncontrolling interests	(346)						(346)
Common dividends	(46,065)				(46,065)	(46,065)
Ending balance at Jun. 30, 2021	4,467,404	151,273	5,546,336	(148,473)	(1,113,273)	4,435,863	31,541
Beginning balance at Dec. 31, 2021	4,600,400	151,273	5,549,308	(148,473)	(985,338)	4,566,770	33,630
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	62,327				62,036	62,036	291
Common stock issued under the ATM, net of issuance costs	103,107	2,632	100,475			103,107
Common stock issued pursuant to stock based compensation	610	120	490			610
Amortization of stock based compensation, net of forfeitures	4,502		4,498		4	4,502
Purchase of interest in consolidated joint venture	(43,387)		(27,638)			(27,638)	(15,749)
Contributions from nonredeemable noncontrolling interests	2,520						2,520
Distributions to nonredeemable noncontrolling interests	(92)						(92)
Common dividends	(97,292)				(97,292)	(97,292)
Ending balance at Jun. 30, 2022	4,632,695	154,025	5,627,133	(148,473)	(1,020,590)	4,612,095	20,600
Beginning balance at Mar. 31, 2022	4,582,645	151,349	5,550,718	(148,473)	(1,005,951)	4,547,643	35,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	34,164				34,052	34,052	112
Common stock issued under the ATM, net of issuance costs	103,107	2,632	100,475			103,107
Common stock issued pursuant to stock based compensation	1,540	44	1,496			1,540
Amortization of stock based compensation, net of forfeitures	2,086		2,082		4	2,086
Purchase of interest in consolidated joint venture	(43,387)		(27,638)			(27,638)	(15,749)
Contributions from nonredeemable noncontrolling interests	1,241						1,241
Distributions to nonredeemable noncontrolling interests	(6)						(6)
Common dividends	(48,695)				(48,695)	(48,695)
Ending balance at Jun. 30, 2022	$ 4,632,695	$ 154,025	$ 5,627,133	$ (148,473)	$ (1,020,590)	$ 4,612,095	$ 20,600

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common dividends (in usd per share)	$ 0.32	$ 0.31	$ 0.64	$ 0.62

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 62,327	$ 57,371
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of investment in unconsolidated joint ventures	0	(39)
Loss on investment property transactions	41	26
Depreciation and amortization	140,605	142,326
Amortization of deferred financing costs and premium on notes payable	(130)	(272)
Equity-classified stock-based compensation expense, net of forfeitures	5,292	4,487
Effect of non-cash adjustments to rental revenues	(17,961)	(18,378)
Income from unconsolidated joint ventures	(6,404)	(3,698)
Operating distributions from unconsolidated joint ventures	3,161	7,677
Loss on extinguishment of debt	100	0
Changes in other operating assets and liabilities:
Change in receivables and other assets, net	(2,463)	(3,383)
Change in operating liabilities, net	(26,879)	(18,427)
Net cash provided by operating activities	157,689	167,690
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales, net	0	127,023
Proceeds from sale of interest in unconsolidated joint ventures, net	0	43
Property acquisition, development, and tenant asset expenditures	(172,206)	(116,009)
Return of capital distributions from unconsolidated joint venture	10,752	25,955
Contributions to unconsolidated joint ventures	(31,892)	(656)
Net cash provided by (used in) investing activities	(193,346)	36,356
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility	269,500	192,000
Repayment of credit facility	(192,000)	(392,400)
Repayment of notes payable	(8,436)	(8,102)
Common stock issued under the ATM	101,668	0
Payment of deferred financing costs	(5,299)	(3,014)
Contributions from nonredeemable noncontrolling interests	2,520	3,382
Distributions to nonredeemable noncontrolling interests	(92)	(353)
Common dividends paid	(93,697)	(90,649)
Purchase of partners' interest in consolidated joint venture	(43,387)	0
Issuance of term loan	0	350,000
Repayment of term loan	0	(250,000)
Net cash provided by (used in) financing activities	30,777	(199,136)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(4,880)	4,910
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	10,168	6,138
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$ 5,288	$ 11,048

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Jun. 30, 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 self-administered and self-managed real estate investment trust (“REIT”). Cousins conducts substantially all of its operations through Cousins Properties LP ("CPLP"). Cousins owns in excess of 99% of CPLP, and CPLP is consolidated with Cousins for financial reporting purposes. CPLP also owns Cousins TRS Services LLC ("CTRS"), a taxable entity that 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 mixed-use developments in the Sun Belt markets of the United States with a focus on Atlanta, Austin, Charlotte, Phoenix, Tampa, 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 June 30, 2022, the Company's portfolio of real estate assets consisted of interests in 18.7 million square feet of office space and 620,000 square feet of other space. Basis of Presentation: The condensed consolidated financial statements are unaudited and were prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements reflect all adjustments necessary (which adjustments are of a normal and recurring nature) for the fair presentation of the Company's financial position as of June 30, 2022 and the results of operations for the three and six months ended June 30, 2022 and 2021. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of results expected for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. The accounting policies employed are substantially the same as those shown in note 2 to the consolidated financial statements included therein. For the three and six months ended June 30, 2022 and 2021, there were no items of other comprehensive income. Therefore, the Company did not present comprehensive income. The Company evaluates all partnerships, joint ventures, and other arrangements with variable interests to determine if the entity or arrangement qualifies as a variable interest entity ("VIE"), as defined in the Financial Accounting Standard Board's ("FASB") Accounting Standards Codification ("ASC"). If the entity or arrangement qualifies as a VIE and the Company is determined to be the primary beneficiary, the Company is required to consolidate the assets, liabilities, and results of operations of the VIE. At June 30, 2022, the Company had no investments or interests in any VIEs.

Transactions with Norfolk South

Transactions with Norfolk Southern Railway Company	6 Months Ended
Transactions with Norfolk Southern Railway Company	Jun. 30, 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 receives 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 receives 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.

Real Estate

Real Estate	6 Months Ended
Real Estate	Jun. 30, 2022
Real Estate [Abstract]
REAL ESTATE	REAL ESTATE Acquisitions On March 12, 2021, a 95% owned consolidated joint venture acquired a 0.24 acre land parcel in Atlanta for a gross purchase price of $8.0 million. On April 21, 2022, the Company purchased its partner's 10% joint venture interest in HICO Avalon, LLC and HICO Avalon II, LLC, which consisted of the 8000 and 10000 Avalon office properties. This transaction did not result in a change in control and any difference between the purchase price of $43.4 million, which included a promote to our partner related to increases in fair value in excess of cost, and the $15.7 million book value of the outside partner's non-controlling interest is recorded as additional paid in capital in the equity section of the Company's consolidated balance sheet. The Company's consolidated basis in Avalon's assets and liabilities was unchanged by this transaction. Dispositions On April 7, 2021, the Company sold Burnett Plaza in Fort Worth for a gross sales price of $137.5 million and recorded a loss of $19,000. Impairment The Company tests buildings held for investment, by disposal groups, for impairment whenever changes in circumstances indicate a disposal group’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 value 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 held-for-investment buildings were impaired during any periods presented in the accompanying statement of operations while under the held-for-investment classification. The Company also reviews held-for-sale assets, if any, for impairments. If book value is in excess of estimated fair value less estimated selling costs, we impair those assets to fair value less estimated selling costs. There were no held-for-sale buildings impaired during any periods presented in the accompanying statements of operations. The Company also reviews land and projects under development for impairment whenever changes in circumstances indicate the assets' carrying value may not be recoverable. None of the Company's investments in land or projects under development were impaired during any periods presented in the accompanying statement of operations. The Company may record impairment charges in future periods if the economy and the office industry weakens, the operating results of individual buildings are materially different from our forecasts, or we shorten our contemplated hold period for any operating buildings.

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Ventures	6 Months Ended
Investment in Unconsolidated Joint Ventures	Jun. 30, 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 June 30, 2022 and December 31, 2021 (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 $ 83,357 $ 83,546 $ — $ — $ 81,795 $ 82,739 $ 15,116 $ 15,347 Carolina Square Holdings LP 109,891 113,011 132,012 132,654 (36,021) (34,066) (16,927) (1) (15,786) (1) Crawford Long - CPI, LLC 25,564 24,709 63,744 64,566 (39,897) (40,221) (19,235) (1) (19,356) (1) Under Development: Neuhoff Holdings LLC 248,003 133,691 43,648 28,390 162,511 93,218 83,805 47,529 Land: 715 Ponce Holdings LLC 8,274 8,150 — — 8,248 8,150 4,219 4,165 HICO Victory Center LP 150 16,421 — — 150 15,962 75 10,723 Other: Other — 518 — — — 11 — 47 $ 475,239 $ 380,046 $ 239,404 $ 225,610 $ 176,786 $ 125,793 $ 67,053 $ 42,669 (1) Negative bases are included in deferred income on the consolidated balance sheets. The information included in the summary of operations table is for the six months ended June 30, 2022 and 2021 (in thousands). SUMMARY OF OPERATIONS Total Revenues Net Income (Loss) Company's Income (Loss) 2022 2021 2022 2021 2022 2021 Operating Properties: AMCO 120 WT Holdings, LLC $ 5,160 $ 4,140 $ 1,397 $ (116) $ 271 $ (29) Carolina Square Holdings LP 7,860 8,789 722 1,518 304 704 Crawford Long - CPI, LLC 6,480 6,369 2,324 2,028 1,091 935 Under Development: Neuhoff Holdings LLC 69 — 58 — 29 — Land: 715 Ponce Holdings LLC 138 — 99 — 49 — HICO Victory Center LP 72 164 6,853 164 4,557 84 Other: Other 28 13,946 (12) 4,304 103 2,004 $ 19,807 $ 33,408 $ 11,441 $ 7,898 $ 6,404 $ 3,698 On June 30, 2022, HICO Victory Center LP sold a 3.0 acre land parcel, in Uptown Dallas, held in an unconsolidated joint venture for a gross price of $23.1 million. The Company's share of the gain from the transaction was $4.5 million and is included in income from unconsolidated joint ventures on the statements of operations. In March 2021, Carolina Square Holdings LP ("Carolina Square"), a 50% owned joint venture with NR 123 Franklin LLC ("Northwood Ravin"), issued a non-recourse mortgage note with a principal balance of $135.7 million. Proceeds from the issuance of this mortgage note were used to repay in full its $77.5 million construction loan that was set to mature May 1, 2021 and to make a pro-rata distribution of $26.0 million to each partner. The mortgage loan bears interest at the London Interbank Offered Rate ("LIBOR") plus 1.80% and matures on March 18, 2026.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	6 Months Ended
Intangible Assets and Liabilities	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND LIABILITIES	INTANGIBLE ASSETS AND LIABILITIES At June 30, 2022 and December 31, 2021, intangible assets included the following (in thousands): 2022 2021 In-place leases, net of accumulated amortization of $129,933 and $134,930 in 2022 and 2021, respectively $ 115,148 $ 129,538 Below-market ground lease, net of accumulated amortization of $1,660 and $1,449 in 2022 and 2021, respectively 17,593 17,804 Above-market rents, net of accumulated amortization of $24,097 and $25,423 in 2022 and 2021, respectively 17,135 19,537 Goodwill 1,674 1,674 $ 151,550 $ 168,553 At June 30, 2022 and December 31, 2021, intangible liabilities included the following (in thousands): 2022 2021 Below-market rents, net of accumulated amortization of $48,426 and $55,079 in 2022 and 2021, respectively $ 57,327 $ 63,223 Aggregate net amortization expense related to intangible assets and liabilities for the three and six months ended June 30, 2022 was $5.5 million and $11.1 million, respectively. Aggregate net amortization expense related to intangible assets and liabilities for the three and six months ended June 30, 2021 was $8.3 million and $16.3 million, 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 Below-Market Ground Lease Above-Market Rents Below-Market 2022 (six months) $ 12,775 $ 200 $ 2,144 $ (5,116) 2023 23,101 400 3,771 (9,629) 2024 19,116 400 3,009 (8,908) 2025 15,387 400 2,015 (8,347) 2026 12,097 400 1,592 (6,594) Thereafter 32,672 15,793 4,604 (18,733) $ 115,148 $ 17,593 $ 17,135 $ (57,327) The carrying amount of goodwill did not change during the three and six months ended June 30, 2022 and 2021.

Other Assets

Other Assets	6 Months Ended
Other Assets	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets on the consolidated balance sheets as of June 30, 2022 and December 31, 2021 included the following (in thousands): 2022 2021 Predevelopment costs $ 28,595 $ 20,677 Furniture, fixtures and equipment and other deferred costs, net of accumulated depreciation of $20,198 and $18,560 in 2022 and 2021, respectively 12,536 13,772 Prepaid expenses and other assets 11,333 6,998 Lease inducements, net of accumulated amortization of $4,399 and $3,721 in 2022 and 2021, respectively 6,851 5,735 Credit Facility deferred financing costs, net of accumulated amortization of $6,734 and $5,976 in 2022 and 2021, respectively 5,900 1,507 $ 65,215 $ 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	6 Months Ended
Notes Payable	Jun. 30, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE The following table summarizes the terms of notes payable outstanding at June 30, 2022 and December 31, 2021 ($ in thousands): Description Interest Rate (1) Maturity (2) 2022 2021 Unsecured Notes: Term Loan, Unsecured 2.63% 2024 $ 350,000 $ 350,000 Credit Facility, Unsecured 2.40% 2027 306,000 228,500 2019 Senior Notes, Unsecured 3.95% 2029 275,000 275,000 2017 Senior Notes, Unsecured 3.91% 2025 250,000 250,000 2019 Senior Notes, Unsecured 3.86% 2028 250,000 250,000 2019 Senior Notes, Unsecured 3.78% 2027 125,000 125,000 2017 Senior Notes, Unsecured 4.09% 2027 100,000 100,000 1,656,000 1,578,500 Secured Mortgage Notes: Fifth Third Center 3.37% 2026 131,934 133,672 Colorado Tower 3.45% 2026 110,862 112,150 Terminus 100 5.25% 2023 109,953 111,678 Promenade Tower 4.27% 2022 87,224 89,052 Domain 10 3.75% 2024 75,475 76,412 Terminus 200 3.79% 2023 71,640 72,561 Legacy Union One 4.24% 2023 66,000 66,000 653,088 661,525 $ 2,309,088 $ 2,240,025 Unamortized premium 1,995 3,910 Unamortized loan costs (5,446) (6,426) Total Notes Payable $ 2,305,637 $ 2,237,509 (1) Interest rate as of June 30, 2022. (2) Weighted average maturity of notes payable outstanding at June 30, 2022 was 3.9 years. Credit Facility Through May 2, 2022, the Company had a $1 billion senior unsecured line of credit (the "Credit Facility") that was scheduled to mature on January 3, 2023. The Credit 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 Credit 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 Credit 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% and 0.45%, based on leverage. The Company's Credit Facility provided for alternate interest rate calculations based on metrics other than LIBOR, such as the Secured Overnight Financing Rate ("SOFR"), if LIBOR was no longer widely available. On May 2, 2022, the Company entered into a Fifth Amended and Restated Credit Agreement (the "New Facility") under which the Company may borrow up to $1 billion if certain conditions are satisfied. The New Facility recasts the Credit 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 New Facility contains financial covenants consistent with those of the Credit Facility, with the exception of an increase in the secured leverage ratio to no more than 50%. The interest rate applicable to the New 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 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. At June 30, 2022, the New Facility's spread over Adjusted SOFR was 0.90%. The amount that the Company may draw under the New Facility is a defined calculation based on the Company's unencumbered assets and other factors. The total available borrowing capacity under the New Facility was $694.0 million at June 30, 2022. The amounts outstanding under the New Facility may be accelerated upon the occurrence of any events of default. The Company is in compliance with all covenants of the New Facility. Term Loan On June 28, 2021, the Company entered into an Amended and Restated Term Loan Agreement (the "Term Loan") that amended the former term loan agreement. Under the Term Loan, the Company has borrowed $350 million that matures on August 30, 2024 with options to, on up to four successive occasions, extend the maturity date for an additional 180 days. The Term Loan has financial covenants consistent with those of the New Facility, with the exception of a secured leverage ratio of no more than 40%. The interest rate applicable to the Term Loan varies according to the Company’s leverage ratio and may, at the election of the Company, be determined based on either (1) the Eurodollar Rate Loans plus a spread of between 1.05% and 1.65%, (2) the current LIBOR Daily Floating plus a spread of between 1.05% and 1.65%, or (3) the interest rate applicable to Base Rate Loans plus a spread of between 0.05% and 0.65%. At June 30, 2022, the Term Loan's spread over LIBOR was 1.05%. The Company is in compliance with all covenants of the Term Loan. The Term Loan provides for alternate interest rate calculations based on metrics other than LIBOR, such as SOFR, if LIBOR is no longer widely available or should the alternative interest rate prove more favorable. 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. The Company is in compliance with all covenants of the unsecured senior notes. Secured Mortgage Notes As of June 30, 2022, the Company had $653.1 million outstanding on seven non-recourse mortgage notes. All interest rates on the secured mortgage notes are fixed. Assets with depreciated carrying values of $1.1 billion were pledged as security, respectively, on these mortgage notes payable. Other Debt Information At June 30, 2022 and December 31, 2021, the estimated fair value of the Company’s notes payable was $2.2 billion and $2.3 billion, respectively, calculated by discounting the debt's remaining contractual cash flows at estimated rates at which similar loans could have been obtained at June 30, 2022 and December 31, 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 three and six months ended June 30, 2022 and 2021, interest expense was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Total interest incurred $ 20,140 $ 18,075 $ 39,116 $ 36,595 Interest capitalized (3,591) (1,419) (7,042) (2,731) Total interest expense $ 16,549 $ 16,656 $ 32,074 $ 33,864

Other Liabilities

Other Liabilities	6 Months Ended
Other Liabilities	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES Other liabilities on the consolidated balance sheets as of June 30, 2022 and December 31, 2021 included the following (in thousands): 2022 2021 Ground lease liability $ 49,386 $ 49,470 Prepaid rent 31,307 37,174 Security deposits 13,831 12,875 Restricted stock unit liability 1,123 7,314 Other liabilities 5,175 5,031 $ 100,822 $ 111,864

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments The Company had outstanding performance bonds totaling $692,000 at June 30, 2022. As a lessor, the Company had $200.2 million in future obligations under leases to fund tenant improvements and other future construction obligations at June 30, 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	6 Months Ended
Stockholders' Equity	Jun. 30, 2022
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITYIn 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 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 13. The Company did not have any outstanding Forward Sales for the sale of its common stock as of June 30, 2022.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Jun. 30, 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 revenues; (4) termination fees; and (5) the reimbursement of the tenants' share of real estate taxes, insurance, and other operating expenses. The Company's leases typically include renewal options and are classified and accounted for as operating leases. Rental property revenues are accounted for in accordance with the guidance set forth in ASC 842. • Fee income consists of development fees, management fees, and leasing fees earned from unconsolidated joint ventures and from third parties. Fee income is accounted for in accordance with the guidance set forth in ASC 606. For the three and six months ended June 30, 2022, the Company recognized rental property revenues of $183.2 million and $366.4 million, respectively, of which $50.2 million and $103.0 million, respectively, represented variable rental revenue. For the three and six months ended June 30, 2021, the Company recognized rental property revenues of $181.8 million and $366.6 million, respectively, of which $48.2 million and $96.0 million, respectively, represented variable rental revenue. For the three and six months ended June 30, 2022, the Company recognized fee and other revenue of $2.5 million and $6.2 million, respectively. For the three and six months ended June 30, 2021, the Company recognized fee and other revenue of $4.9 million and $9.6 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company maintains the Cousins Properties Incorporated 2019 Omnibus Incentive Stock Plan (the "2019 Plan") and the 2021 Employee Stock Purchase Plan ("ESPP") under which the Company has several types of stock-based compensation — restricted stock and restricted stock units ("RSUs") for key employees, and the opportunity for all employees to purchase Company stock through the ESPP. The Company's compensation expense for the three and six months ended June 30, 2022 relates to restricted stock and RSUs awarded in 2022, 2021, 2020, and 2019 and the ESPP. Compensation expense for the three and six months ended June 30, 2021 relates to restricted stock and RSUs awarded in 2021, 2020, 2019, and 2018. Restricted stock, the 2022 RSUs, 2021 RSUs, and the 2020 RSUs are equity-classified awards (settled in shares of the Company) for which compensation expense per share is fixed. The 2019 and 2018 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 the three and six months ended June 30, 2022 and 2021, stock-based compensation expense, net of forfeitures, was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Equity-classified awards: Restricted stock $ 789 $ 682 $ 1,569 $ 1,314 Market-based RSUs 936 586 2,148 1,359 Performance-based RSUs 312 218 684 474 Director grants 369 223 701 229 Employee Stock Purchase Plan 42 — 94 — Total equity-classified award expense, net of forfeitures 2,448 1,709 5,196 3,376 Liability-classified awards Time-vested RSUs (152) 211 (20) 373 Dividend equivalent units 4 26 19 52 Market-based RSUs — 657 — 770 Performance-based RSUs — 151 — 257 Total liability-classified award expense, net of forfeitures (148) 1,045 (1) 1,452 Total stock-based compensation expense, net of forfeitures $ 2,300 $ 2,754 $ 5,195 $ 4,828 Information on the Company's stock compensation plan, including information on the Company's equity-classified and liability-classified awards is discussed in note 15 of the notes to consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Grants of Equity-Classified Awards Under the 2019 Plan, in June 2022, the Company granted 44,549 shares of stock with a grant date value of $1.5 million to independent members of the Company's board of directors (the "Board") for their service as members of the Board. These shares vested on the issuance date, and the Company records the related expense over the directors' one year service period.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Earnings per common share - basic: Numerator: Net income $ 34,164 $ 28,060 $ 62,327 $ 57,371 Net income attributable to noncontrolling interests in CPLP from continuing operations (6) (5) (12) (11) Net income attributable to other noncontrolling interests (106) 98 (279) (97) Net income available to common stockholders $ 34,052 $ 28,153 $ 62,036 $ 57,263 Denominator: Weighted average common shares - basic 148,837 148,665 148,788 148,644 Net income per common share - basic $ 0.23 $ 0.19 $ 0.42 $ 0.39 Earnings per common share - diluted: Numerator: Net income $ 34,164 $ 28,060 $ 62,327 $ 57,371 Net income attributable to other noncontrolling interests (106) 98 (279) (97) Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP $ 34,058 $ 28,158 $ 62,048 $ 57,274 Denominator: Weighted average common shares - basic 148,837 148,665 148,788 148,644 Add: Potential dilutive common shares - stock options — — — 2 Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price 280 50 277 45 Weighted average units of CPLP convertible into common shares 25 25 25 25 Weighted average common shares - diluted 149,142 148,740 149,090 148,716 Net income per common share - diluted $ 0.23 $ 0.19 $ 0.42 $ 0.39 Anti-dilutive stock options represent stock options whose exercise price exceeds the average market value of the Company's stock and are excluded from the calculation of diluted earnings per share. There were no anti-dilutive stock options for the three and six months ended June 30, 2022 and 2021. The treasury stock method resulted in no dilution related to the Forward Sales outstanding during the three and six months ended June 30, 2022 under the Company's ATM program or from shares expected to be issued under the ESPP.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - Supplemental Information	6 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Elements [Abstract]
CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION	CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL INFORMATION Supplemental information related to the cash flows, including significant non-cash activity affecting the consolidated statement of cash flows, for the six months ended June 30, 2022 and 2021 is as follows (in thousands): 2022 2021 Interest paid $ 29,456 $ 34,159 Income taxes paid (1) — 155 Non-Cash Activity: Transfers from projects under development to operating properties 141,349 — Transfer from operating properties and related assets and liabilities to assets and — 249,365 Common stock dividends declared and accrued 48,522 46,152 (1) This represents state income taxes paid in conjunction with gains from sales transactions. The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the consolidated balance sheets to cash, cash equivalents, and restricted cash in the consolidated statements of cash flows (in thousands): June 30, 2022 December 31, 2021 Cash and cash equivalents $ 4,057 $ 8,937 Restricted cash 1,231 1,231 Total cash, cash equivalents, and restricted cash $ 5,288 $ 10,168

Reportable Segments

Reportable Segments	6 Months Ended
Reportable Segments	Jun. 30, 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 region. 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, Houston, Nashville, and Fort Worth (sold in April 2021). Included in Non-Office are retail and apartments in Chapel Hill 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 based in part 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 fee income, other revenue, 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 the three and six months ended June 30, 2022 and 2021 are as follows (in thousands): Three Months Ended June 30, 2022 Office Non-Office Total Revenues: Atlanta $ 68,860 $ 439 $ 69,299 Austin 59,054 — 59,054 Charlotte 13,929 1,301 15,230 Dallas 4,132 — 4,132 Phoenix 13,533 — 13,533 Tampa 17,216 — 17,216 Other markets 7,622 1,180 8,802 Total segment revenues 184,346 2,920 187,266 Less: Company's share of rental property revenues from unconsolidated joint ventures (2,473) (1,619) (4,092) Total rental property revenues $ 181,873 $ 1,301 $ 183,174 Three Months Ended June 30, 2021 Office Non-Office Total Revenues: Atlanta $ 65,626 $ 396 $ 66,022 Austin 59,677 — 59,677 Charlotte 21,884 591 22,475 Dallas 4,531 — 4,531 Phoenix 12,482 — 12,482 Tampa 14,165 — 14,165 Other markets 9,026 1,530 10,556 Total segment revenues 187,391 2,517 189,908 Less: Company's share of rental property revenues from unconsolidated joint ventures (6,216) (1,926) (8,142) Total rental property revenues $ 181,175 $ 591 $ 181,766 Six Months Ended June 30, 2022 Office Non-Office Total Revenues: Atlanta $ 136,875 $ 861 $ 137,736 Austin 120,278 — 120,278 Charlotte 27,433 2,286 29,719 Dallas 8,328 — 8,328 Phoenix 26,963 — 26,963 Tampa 34,140 — 34,140 Other markets 14,949 2,539 17,488 Total segment revenues 368,966 5,686 374,652 Less: Company's share of rental property revenues from unconsolidated joint ventures (4,851) (3,400) (8,251) Total rental property revenues $ 364,115 $ 2,286 $ 366,401 Six Months Ended June 30, 2021 Office Non-Office Total Revenues: Atlanta $ 130,502 $ 670 $ 131,172 Austin 117,710 — 117,710 Charlotte 43,051 1,152 44,203 Dallas 9,014 — 9,014 Phoenix 25,220 — 25,220 Tampa 28,736 — 28,736 Other markets 23,123 2,775 25,898 Total segment revenues 377,356 4,597 381,953 Less: Company's share of rental property revenues from unconsolidated joint ventures (11,935) (3,445) (15,380) Total rental property revenues $ 365,421 $ 1,152 $ 366,573 NOI by reportable segment for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands): Three Months Ended June 30, 2022 Office Non-Office Total Net Operating Income: Atlanta $ 46,506 $ 250 $ 46,756 Austin 36,565 — 36,565 Charlotte 10,246 972 11,218 Dallas 3,191 — 3,191 Phoenix 9,868 — 9,868 Tampa 10,643 — 10,643 Other markets 4,145 665 4,810 Total Net Operating Income $ 121,164 $ 1,887 $ 123,051 Three Months Ended June 30, 2021 Office Non-Office Total Net Operating Income: Atlanta $ 43,115 $ 159 $ 43,274 Austin 35,955 — 35,955 Charlotte 15,688 175 15,863 Dallas 3,571 — 3,571 Phoenix 8,928 — 8,928 Tampa 8,919 — 8,919 Other markets 5,254 941 6,195 Total Net Operating Income $ 121,430 $ 1,275 $ 122,705 Six Months Ended June 30, 2022 Office Non-Office Total Net Operating Income: Atlanta $ 90,679 $ 485 $ 91,164 Austin 72,932 — 72,932 Charlotte 20,258 1,615 21,873 Dallas 6,498 — 6,498 Phoenix 18,843 — 18,843 Tampa 21,334 — 21,334 Other markets 8,440 1,574 10,014 Total Net Operating Income $ 238,984 $ 3,674 $ 242,658 Six Months Ended June 30, 2021 Office Non-Office Total Net Operating Income: Atlanta $ 86,218 $ 253 $ 86,471 Austin 70,232 — 70,232 Charlotte 30,685 435 31,120 Dallas 7,122 — 7,122 Phoenix 17,953 — 17,953 Tampa 18,321 — 18,321 Other markets 12,795 1,815 14,610 Total Net Operating Income $ 243,326 $ 2,503 $ 245,829 The following reconciles Net Operating Income to net income for each of the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net Operating Income $ 123,051 $ 122,705 $ 242,658 $ 245,829 Net operating income from unconsolidated joint ventures (2,542) (5,437) (5,261) (10,191) Fee income 2,305 4,803 3,693 9,332 Termination fee income 449 782 1,911 824 Other income 201 68 2,484 282 Reimbursed expenses (677) (398) (1,037) (766) General and administrative expenses (6,996) (7,313) (15,059) (14,046) Interest expense (16,549) (16,656) (32,074) (33,864) Depreciation and amortization (69,861) (71,456) (140,605) (142,326) Other expenses (425) (824) (646) (1,414) Income from unconsolidated joint ventures 5,280 1,795 6,404 3,698 Gain on sales of investments in unconsolidated joint ventures — — — 39 Gain (loss) on investment property transactions 28 (9) (41) (26) Loss on extinguishment of debt (100) $ — (100) — Net income $ 34,164 $ 28,060 $ 62,327 $ 57,371

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation: The condensed consolidated financial statements are unaudited and were prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements reflect all adjustments necessary (which adjustments are of a normal and recurring nature) for the fair presentation of the Company's financial position as of June 30, 2022 and the results of operations for the three and six months ended June 30, 2022 and 2021. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of results expected for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. The accounting policies employed are substantially the same as those shown in note 2 to the consolidated financial statements included therein.

Investment in Unconsolidated _2

Investment in Unconsolidated Joint Ventures (Tables)	6 Months Ended
Investment in Unconsolidated Joint Ventures (Tables)	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Summary of Financial Data and Principal Activities of Unconsolidated Joint Ventures	The following information summarizes financial data and principal activities of the Company's unconsolidated joint ventures. The information included in the following table entitled summary of financial position is as of June 30, 2022 and December 31, 2021 (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 $ 83,357 $ 83,546 $ — $ — $ 81,795 $ 82,739 $ 15,116 $ 15,347 Carolina Square Holdings LP 109,891 113,011 132,012 132,654 (36,021) (34,066) (16,927) (1) (15,786) (1) Crawford Long - CPI, LLC 25,564 24,709 63,744 64,566 (39,897) (40,221) (19,235) (1) (19,356) (1) Under Development: Neuhoff Holdings LLC 248,003 133,691 43,648 28,390 162,511 93,218 83,805 47,529 Land: 715 Ponce Holdings LLC 8,274 8,150 — — 8,248 8,150 4,219 4,165 HICO Victory Center LP 150 16,421 — — 150 15,962 75 10,723 Other: Other — 518 — — — 11 — 47 $ 475,239 $ 380,046 $ 239,404 $ 225,610 $ 176,786 $ 125,793 $ 67,053 $ 42,669 (1) Negative bases are included in deferred income on the consolidated balance sheets. The information included in the summary of operations table is for the six months ended June 30, 2022 and 2021 (in thousands). SUMMARY OF OPERATIONS Total Revenues Net Income (Loss) Company's Income (Loss) 2022 2021 2022 2021 2022 2021 Operating Properties: AMCO 120 WT Holdings, LLC $ 5,160 $ 4,140 $ 1,397 $ (116) $ 271 $ (29) Carolina Square Holdings LP 7,860 8,789 722 1,518 304 704 Crawford Long - CPI, LLC 6,480 6,369 2,324 2,028 1,091 935 Under Development: Neuhoff Holdings LLC 69 — 58 — 29 — Land: 715 Ponce Holdings LLC 138 — 99 — 49 — HICO Victory Center LP 72 164 6,853 164 4,557 84 Other: Other 28 13,946 (12) 4,304 103 2,004 $ 19,807 $ 33,408 $ 11,441 $ 7,898 $ 6,404 $ 3,698

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	6 Months Ended
Intangible Assets and Liabilities (Tables)	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	At June 30, 2022 and December 31, 2021, intangible assets included the following (in thousands): 2022 2021 In-place leases, net of accumulated amortization of $129,933 and $134,930 in 2022 and 2021, respectively $ 115,148 $ 129,538 Below-market ground lease, net of accumulated amortization of $1,660 and $1,449 in 2022 and 2021, respectively 17,593 17,804 Above-market rents, net of accumulated amortization of $24,097 and $25,423 in 2022 and 2021, respectively 17,135 19,537 Goodwill 1,674 1,674 $ 151,550 $ 168,553
Schedule of Intangible Liabilities	At June 30, 2022 and December 31, 2021, intangible liabilities included the following (in thousands): 2022 2021 Below-market rents, net of accumulated amortization of $48,426 and $55,079 in 2022 and 2021, respectively $ 57,327 $ 63,223
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 Below-Market Ground Lease Above-Market Rents Below-Market 2022 (six months) $ 12,775 $ 200 $ 2,144 $ (5,116) 2023 23,101 400 3,771 (9,629) 2024 19,116 400 3,009 (8,908) 2025 15,387 400 2,015 (8,347) 2026 12,097 400 1,592 (6,594) Thereafter 32,672 15,793 4,604 (18,733) $ 115,148 $ 17,593 $ 17,135 $ (57,327)

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
Other Assets (Tables)	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets on the consolidated balance sheets as of June 30, 2022 and December 31, 2021 included the following (in thousands): 2022 2021 Predevelopment costs $ 28,595 $ 20,677 Furniture, fixtures and equipment and other deferred costs, net of accumulated depreciation of $20,198 and $18,560 in 2022 and 2021, respectively 12,536 13,772 Prepaid expenses and other assets 11,333 6,998 Lease inducements, net of accumulated amortization of $4,399 and $3,721 in 2022 and 2021, respectively 6,851 5,735 Credit Facility deferred financing costs, net of accumulated amortization of $6,734 and $5,976 in 2022 and 2021, respectively 5,900 1,507 $ 65,215 $ 48,689

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
Notes Payable (Tables)	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Terms of Notes Payable	The following table summarizes the terms of notes payable outstanding at June 30, 2022 and December 31, 2021 ($ in thousands): Description Interest Rate (1) Maturity (2) 2022 2021 Unsecured Notes: Term Loan, Unsecured 2.63% 2024 $ 350,000 $ 350,000 Credit Facility, Unsecured 2.40% 2027 306,000 228,500 2019 Senior Notes, Unsecured 3.95% 2029 275,000 275,000 2017 Senior Notes, Unsecured 3.91% 2025 250,000 250,000 2019 Senior Notes, Unsecured 3.86% 2028 250,000 250,000 2019 Senior Notes, Unsecured 3.78% 2027 125,000 125,000 2017 Senior Notes, Unsecured 4.09% 2027 100,000 100,000 1,656,000 1,578,500 Secured Mortgage Notes: Fifth Third Center 3.37% 2026 131,934 133,672 Colorado Tower 3.45% 2026 110,862 112,150 Terminus 100 5.25% 2023 109,953 111,678 Promenade Tower 4.27% 2022 87,224 89,052 Domain 10 3.75% 2024 75,475 76,412 Terminus 200 3.79% 2023 71,640 72,561 Legacy Union One 4.24% 2023 66,000 66,000 653,088 661,525 $ 2,309,088 $ 2,240,025 Unamortized premium 1,995 3,910 Unamortized loan costs (5,446) (6,426) Total Notes Payable $ 2,305,637 $ 2,237,509 (1) Interest rate as of June 30, 2022. (2) Weighted average maturity of notes payable outstanding at June 30, 2022 was 3.9 years.
Summary of Interest Recorded	For the three and six months ended June 30, 2022 and 2021, interest expense was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Total interest incurred $ 20,140 $ 18,075 $ 39,116 $ 36,595 Interest capitalized (3,591) (1,419) (7,042) (2,731) Total interest expense $ 16,549 $ 16,656 $ 32,074 $ 33,864

Other Liabilities (Tables)

Other Liabilities (Tables)	6 Months Ended
Other Liabilities (Tables)	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
Summary of Other Liabilities	Other liabilities on the consolidated balance sheets as of June 30, 2022 and December 31, 2021 included the following (in thousands): 2022 2021 Ground lease liability $ 49,386 $ 49,470 Prepaid rent 31,307 37,174 Security deposits 13,831 12,875 Restricted stock unit liability 1,123 7,314 Other liabilities 5,175 5,031 $ 100,822 $ 111,864

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense, Net of Forfeitures	For the three and six months ended June 30, 2022 and 2021, stock-based compensation expense, net of forfeitures, was recorded as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Equity-classified awards: Restricted stock $ 789 $ 682 $ 1,569 $ 1,314 Market-based RSUs 936 586 2,148 1,359 Performance-based RSUs 312 218 684 474 Director grants 369 223 701 229 Employee Stock Purchase Plan 42 — 94 — Total equity-classified award expense, net of forfeitures 2,448 1,709 5,196 3,376 Liability-classified awards Time-vested RSUs (152) 211 (20) 373 Dividend equivalent units 4 26 19 52 Market-based RSUs — 657 — 770 Performance-based RSUs — 151 — 257 Total liability-classified award expense, net of forfeitures (148) 1,045 (1) 1,452 Total stock-based compensation expense, net of forfeitures $ 2,300 $ 2,754 $ 5,195 $ 4,828

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Earnings per common share - basic: Numerator: Net income $ 34,164 $ 28,060 $ 62,327 $ 57,371 Net income attributable to noncontrolling interests in CPLP from continuing operations (6) (5) (12) (11) Net income attributable to other noncontrolling interests (106) 98 (279) (97) Net income available to common stockholders $ 34,052 $ 28,153 $ 62,036 $ 57,263 Denominator: Weighted average common shares - basic 148,837 148,665 148,788 148,644 Net income per common share - basic $ 0.23 $ 0.19 $ 0.42 $ 0.39 Earnings per common share - diluted: Numerator: Net income $ 34,164 $ 28,060 $ 62,327 $ 57,371 Net income attributable to other noncontrolling interests (106) 98 (279) (97) Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP $ 34,058 $ 28,158 $ 62,048 $ 57,274 Denominator: Weighted average common shares - basic 148,837 148,665 148,788 148,644 Add: Potential dilutive common shares - stock options — — — 2 Potential dilutive common shares - restricted stock units, less shares assumed purchased at market price 280 50 277 45 Weighted average units of CPLP convertible into common shares 25 25 25 25 Weighted average common shares - diluted 149,142 148,740 149,090 148,716 Net income per common share - diluted $ 0.23 $ 0.19 $ 0.42 $ 0.39

Consolidated Statements of Ca_3

Consolidated Statements of Cash Flows - Supplemental Information (Tables)	6 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Information Related to Cash Flows	Supplemental information related to the cash flows, including significant non-cash activity affecting the consolidated statement of cash flows, for the six months ended June 30, 2022 and 2021 is as follows (in thousands): 2022 2021 Interest paid $ 29,456 $ 34,159 Income taxes paid (1) — 155 Non-Cash Activity: Transfers from projects under development to operating properties 141,349 — Transfer from operating properties and related assets and liabilities to assets and — 249,365 Common stock dividends declared and accrued 48,522 46,152 (1) This represents state income taxes paid in conjunction with gains from sales transactions.
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the consolidated balance sheets to cash, cash equivalents, and restricted cash in the consolidated statements of cash flows (in thousands): June 30, 2022 December 31, 2021 Cash and cash equivalents $ 4,057 $ 8,937 Restricted cash 1,231 1,231 Total cash, cash equivalents, and restricted cash $ 5,288 $ 10,168
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash recorded on the consolidated balance sheets to cash, cash equivalents, and restricted cash in the consolidated statements of cash flows (in thousands): June 30, 2022 December 31, 2021 Cash and cash equivalents $ 4,057 $ 8,937 Restricted cash 1,231 1,231 Total cash, cash equivalents, and restricted cash $ 5,288 $ 10,168

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
Reportable Segments (Tables)	Jun. 30, 2022
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	Segment net income, amount of capital expenditures, and total assets are not presented in the following tables because management does not utilize these measures when analyzing its segments or when making resource allocation decisions. Information on the Company's segments along with a reconciliation of NOI to net income for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands): Three Months Ended June 30, 2022 Office Non-Office Total Revenues: Atlanta $ 68,860 $ 439 $ 69,299 Austin 59,054 — 59,054 Charlotte 13,929 1,301 15,230 Dallas 4,132 — 4,132 Phoenix 13,533 — 13,533 Tampa 17,216 — 17,216 Other markets 7,622 1,180 8,802 Total segment revenues 184,346 2,920 187,266 Less: Company's share of rental property revenues from unconsolidated joint ventures (2,473) (1,619) (4,092) Total rental property revenues $ 181,873 $ 1,301 $ 183,174 Three Months Ended June 30, 2021 Office Non-Office Total Revenues: Atlanta $ 65,626 $ 396 $ 66,022 Austin 59,677 — 59,677 Charlotte 21,884 591 22,475 Dallas 4,531 — 4,531 Phoenix 12,482 — 12,482 Tampa 14,165 — 14,165 Other markets 9,026 1,530 10,556 Total segment revenues 187,391 2,517 189,908 Less: Company's share of rental property revenues from unconsolidated joint ventures (6,216) (1,926) (8,142) Total rental property revenues $ 181,175 $ 591 $ 181,766 Six Months Ended June 30, 2022 Office Non-Office Total Revenues: Atlanta $ 136,875 $ 861 $ 137,736 Austin 120,278 — 120,278 Charlotte 27,433 2,286 29,719 Dallas 8,328 — 8,328 Phoenix 26,963 — 26,963 Tampa 34,140 — 34,140 Other markets 14,949 2,539 17,488 Total segment revenues 368,966 5,686 374,652 Less: Company's share of rental property revenues from unconsolidated joint ventures (4,851) (3,400) (8,251) Total rental property revenues $ 364,115 $ 2,286 $ 366,401 Six Months Ended June 30, 2021 Office Non-Office Total Revenues: Atlanta $ 130,502 $ 670 $ 131,172 Austin 117,710 — 117,710 Charlotte 43,051 1,152 44,203 Dallas 9,014 — 9,014 Phoenix 25,220 — 25,220 Tampa 28,736 — 28,736 Other markets 23,123 2,775 25,898 Total segment revenues 377,356 4,597 381,953 Less: Company's share of rental property revenues from unconsolidated joint ventures (11,935) (3,445) (15,380) Total rental property revenues $ 365,421 $ 1,152 $ 366,573
Reconciliation of NOI to Net Income Available to Common Stockholders	NOI by reportable segment for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands): Three Months Ended June 30, 2022 Office Non-Office Total Net Operating Income: Atlanta $ 46,506 $ 250 $ 46,756 Austin 36,565 — 36,565 Charlotte 10,246 972 11,218 Dallas 3,191 — 3,191 Phoenix 9,868 — 9,868 Tampa 10,643 — 10,643 Other markets 4,145 665 4,810 Total Net Operating Income $ 121,164 $ 1,887 $ 123,051 Three Months Ended June 30, 2021 Office Non-Office Total Net Operating Income: Atlanta $ 43,115 $ 159 $ 43,274 Austin 35,955 — 35,955 Charlotte 15,688 175 15,863 Dallas 3,571 — 3,571 Phoenix 8,928 — 8,928 Tampa 8,919 — 8,919 Other markets 5,254 941 6,195 Total Net Operating Income $ 121,430 $ 1,275 $ 122,705 Six Months Ended June 30, 2022 Office Non-Office Total Net Operating Income: Atlanta $ 90,679 $ 485 $ 91,164 Austin 72,932 — 72,932 Charlotte 20,258 1,615 21,873 Dallas 6,498 — 6,498 Phoenix 18,843 — 18,843 Tampa 21,334 — 21,334 Other markets 8,440 1,574 10,014 Total Net Operating Income $ 238,984 $ 3,674 $ 242,658 Six Months Ended June 30, 2021 Office Non-Office Total Net Operating Income: Atlanta $ 86,218 $ 253 $ 86,471 Austin 70,232 — 70,232 Charlotte 30,685 435 31,120 Dallas 7,122 — 7,122 Phoenix 17,953 — 17,953 Tampa 18,321 — 18,321 Other markets 12,795 1,815 14,610 Total Net Operating Income $ 243,326 $ 2,503 $ 245,829 The following reconciles Net Operating Income to net income for each of the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net Operating Income $ 123,051 $ 122,705 $ 242,658 $ 245,829 Net operating income from unconsolidated joint ventures (2,542) (5,437) (5,261) (10,191) Fee income 2,305 4,803 3,693 9,332 Termination fee income 449 782 1,911 824 Other income 201 68 2,484 282 Reimbursed expenses (677) (398) (1,037) (766) General and administrative expenses (6,996) (7,313) (15,059) (14,046) Interest expense (16,549) (16,656) (32,074) (33,864) Depreciation and amortization (69,861) (71,456) (140,605) (142,326) Other expenses (425) (824) (646) (1,414) Income from unconsolidated joint ventures 5,280 1,795 6,404 3,698 Gain on sales of investments in unconsolidated joint ventures — — — 39 Gain (loss) on investment property transactions 28 (9) (41) (26) Loss on extinguishment of debt (100) $ — (100) — Net income $ 34,164 $ 28,060 $ 62,327 $ 57,371

Description of Business and B_3

Description of Business and Basis of Presentation - Description of Business (Details) ft² in Thousands	6 Months Ended
	Jun. 30, 2022 ft²
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Distribution of taxable income to qualify as REIT, percentage	100%
Portfolio of real estate assets, office space area	18,700
Portfolio of real estate assets, retail space area	620
CPLP
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Percentage of partnership units owned by the company (more than)	99%

Transactions with Norfolk Sou_2

Transactions with Norfolk Southern Railway Company (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 01, 2019	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets		$ 7,380,124,000		$ 7,380,124,000				$ 7,312,034,000
Deferred income		75,226,000		75,226,000				74,515,000
NS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract price that is expected to be recognized as revenue	$ 52,300,000
Revenue recognized		1,400,000	$ 4,200,000	2,200,000	$ 7,900,000
Deferred income		$ 0		0				$ 1,800,000
Contract with customer, liability, revenue recognized				$ 1,000,000
Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	92,300,000
Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased						$ 6,500,000	$ 37,000,000
Site Preparation Work
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property purchased	4,000,000
NS \| Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase of a building	$ 82,000,000
Lease term	3 years
Discount on service contract price	$ 10,300,000
Gain or loss on derecognition of non financial asset fair value	0
Consideration for the various services component	52,300,000
NS \| Fees for development services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	5,000,000
NS \| Fees for consulting services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract fees	32,000,000
NS \| Development agreement \| Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	5,000,000
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	32,000,000
NS \| Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property	52,500,000
Gain from sale of property	5,000,000
NS \| Land \| Promenade Central
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for various services contract	$ 5,000,000

Real Estate (Details)

Real Estate (Details) $ in Thousands				6 Months Ended
Real Estate (Details) $ in Thousands	Apr. 21, 2022 USD ($)	Apr. 07, 2021 USD ($)	Mar. 12, 2021 USD ($) a	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments to acquire interest in joint venture				$ 31,892	$ 656
Burnett Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales price		$ 137,500
Loss from sale of property		$ 19
Atlanta Land Purchase
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage of partner in joint venture			95%
Area of property \| a			0.24
Payments to acquire businesses, gross			$ 8,000
HICO Avalon, LLC And HICO Avalon II
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage of partner in joint venture	10%
Payments to acquire interest in joint venture	$ 43,400
Book value of non-controlling interest	$ 15,700

Investment in Unconsolidated _3

Investment in Unconsolidated Joint Ventures - Summary of Financial Position and Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	$ 7,380,124		$ 7,380,124		$ 7,312,034
Total Equity (Deficit)	4,612,095		4,612,095		4,566,770
Income Statement [Abstract]
Total Revenues	185,680	$ 186,637	372,578	$ 376,187
Net Income (Loss)	34,052	$ 28,153	62,036	57,263
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	475,239		475,239		380,046
Total Debt	239,404		239,404		225,610
Total Equity (Deficit)	176,786		176,786		125,793
Company's Investment	67,053		67,053		42,669
Income Statement [Abstract]
Total Revenues			19,807	33,408
Net Income (Loss)			11,441	7,898
Company's Income (Loss) from Investment			6,404	3,698
AMCO 120 WT Holdings, LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	83,357		83,357		83,546
Total Debt	0		0		0
Total Equity (Deficit)	81,795		81,795		82,739
Company's Investment	15,116		15,116		15,347
Income Statement [Abstract]
Total Revenues			5,160	4,140
Net Income (Loss)			1,397	(116)
Company's Income (Loss) from Investment			271	(29)
Carolina Square Holdings LP
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	109,891		109,891		113,011
Total Debt	132,012		132,012		132,654
Total Equity (Deficit)	(36,021)		(36,021)		(34,066)
Company's Investment	(16,927)		(16,927)		(15,786)
Income Statement [Abstract]
Total Revenues			7,860	8,789
Net Income (Loss)			722	1,518
Company's Income (Loss) from Investment			304	704
Crawford Long - CPI, LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	25,564		25,564		24,709
Total Debt	63,744		63,744		64,566
Total Equity (Deficit)	(39,897)		(39,897)		(40,221)
Company's Investment	(19,235)		(19,235)		(19,356)
Income Statement [Abstract]
Total Revenues			6,480	6,369
Net Income (Loss)			2,324	2,028
Company's Income (Loss) from Investment			1,091	935
Neuhoff Holdings LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	248,003		248,003		133,691
Total Debt	43,648		43,648		28,390
Total Equity (Deficit)	162,511		162,511		93,218
Company's Investment	83,805		83,805		47,529
Income Statement [Abstract]
Total Revenues			69	0
Net Income (Loss)			58	0
Company's Income (Loss) from Investment			29	0
715 Ponce Holdings LLC
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	8,274		8,274		8,150
Total Debt	0		0		0
Total Equity (Deficit)	8,248		8,248		8,150
Company's Investment	4,219		4,219		4,165
Income Statement [Abstract]
Total Revenues			138	0
Net Income (Loss)			99	0
Company's Income (Loss) from Investment			49	0
HICO Victory Center LP
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	150		150		16,421
Total Debt	0		0		0
Total Equity (Deficit)	150		150		15,962
Company's Investment	75		75		10,723
Income Statement [Abstract]
Total Revenues			72	164
Net Income (Loss)			6,853	164
Company's Income (Loss) from Investment			4,557	84
Other
Equity Method Investment Summarized Financial Information Financial Position [Abstract]
Total Assets	0		0		518
Total Debt	0		0		0
Total Equity (Deficit)	0		0		11
Company's Investment	$ 0		0		$ 47
Income Statement [Abstract]
Total Revenues			28	13,946
Net Income (Loss)			(12)	4,304
Company's Income (Loss) from Investment			$ 103	$ 2,004

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Ventures - Narrative (Details) $ in Thousands		1 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) a	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) a	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Notes payable	$ 2,305,637		$ 2,305,637		$ 2,237,509
Repayments of notes payable			$ 8,436	$ 8,102
Carolina Square Holdings LP \| Mortgages
Schedule of Equity Method Investments [Line Items]
Notes payable		$ 135,700
Carolina Square Holdings LP \| Mortgages \| LIBOR
Schedule of Equity Method Investments [Line Items]
Basis spread on variable rate		1.80%
Carolina Square Holdings LP \| Construction Loan
Schedule of Equity Method Investments [Line Items]
Repayments of notes payable		$ 77,500
Pro-rata distribution		$ 26,000
Carolina Square Holdings LP \| NR 123 Franklin LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage of partner in joint venture		50%
Uptown Dallas Land \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Area of property \| a	3		3
Sales price	$ 23,100		$ 23,100
Gain from sale of property	$ 4,500

Intangible Assets and Liabili_3

Intangible Assets and Liabilities - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,674	$ 1,674
Total intangible assets	151,550	168,553
In-Place Leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	129,933	134,930
Finite-lived intangible assets, net	115,148	129,538
Below-Market Ground Lease
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	1,660	1,449
Finite-lived intangible assets, net	17,593	17,804
Above-Market Rents
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	24,097	25,423
Finite-lived intangible assets, net	$ 17,135	$ 19,537

Intangible Assets and Liabili_4

Intangible Assets and Liabilities - Intangible Liabilities (Details) - Below-Market Rents - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (48,426)	$ (55,079)
Finite-lived intangible liabilities, net	$ 57,327	$ 63,223

Intangible Assets and Liabili_5

Intangible Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Net amortization expense of intangible assets and liabilities	$ 5.5	$ 16.3	$ 11.1	$ 8.3

Intangible Assets and Liabili_6

Intangible Assets and Liabilities - Intangibles - Future Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Below-Market Rents
Future Amortization of Intangible Liabilities:
2022 (six months)	$ (5,116)
2023	(9,629)
2024	(8,908)
2025	(8,347)
2026	(6,594)
Thereafter	(18,733)
Finite-lived intangible liabilities, net	(57,327)	$ (63,223)
In-Place Leases
Future Amortization of Intangible Assets:
2022 (six months)	12,775
2023	23,101
2024	19,116
2025	15,387
2026	12,097
Thereafter	32,672
Finite-lived intangible assets, net	115,148	129,538
Below-Market Ground Lease
Future Amortization of Intangible Assets:
2022 (six months)	200
2023	400
2024	400
2025	400
2026	400
Thereafter	15,793
Finite-lived intangible assets, net	17,593	17,804
Above-Market Rents
Future Amortization of Intangible Assets:
2022 (six months)	2,144
2023	3,771
2024	3,009
2025	2,015
2026	1,592
Thereafter	4,604
Finite-lived intangible assets, net	$ 17,135	$ 19,537

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Accumulated depreciation of furniture, fixtures and equipment, leasehold improvements, and other deferred costs	$ 20,198	$ 18,560
Accumulated amortization of lease inducements	4,399	3,721
Accumulated amortization of line of credit deferred financing costs	6,734	5,976
Predevelopment costs	28,595	20,677
Furniture, fixtures and equipment and other deferred costs, net of accumulated depreciation of $20,198 and $18,560 in 2022 and 2021, respectively	12,536	13,772
Prepaid expenses and other assets	11,333	6,998
Lease inducements, net of accumulated amortization of $4,399 and $3,721 in 2022 and 2021, respectively	6,851	5,735
Credit Facility deferred financing costs, net of accumulated amortization of $6,734 and $5,976 in 2022 and 2021, respectively	5,900	1,507
Total other assets	$ 65,215	$ 48,689

Notes Payable - Terms of Notes

Notes Payable - Terms of Notes Payable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Notes payable, gross	$ 2,309,088	$ 2,240,025
Unamortized premium	1,995	3,910
Unamortized loan costs	(5,446)	(6,426)
Total Notes Payable	$ 2,305,637	2,237,509
Weighted average maturity of notes payable	3 years 10 months 24 days
Unsecured Notes
Debt Instrument [Line Items]
Notes payable, gross	$ 1,656,000	1,578,500
Term Loan, Unsecured
Debt Instrument [Line Items]
Interest Rate	2.63%
Notes payable, gross	$ 350,000	350,000
Credit Facility, Unsecured
Debt Instrument [Line Items]
Interest Rate	2.40%
Notes payable, gross	$ 306,000	228,500
Senior Notes, Unsecured \| 2019 Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.95%
Notes payable, gross	$ 275,000	275,000
Senior Notes, Unsecured \| 2017 Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.91%
Notes payable, gross	$ 250,000	250,000
Senior Notes, Unsecured \| 2019 Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.86%
Notes payable, gross	$ 250,000	250,000
Senior Notes, Unsecured \| 2019 Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	3.78%
Notes payable, gross	$ 125,000	125,000
Senior Notes, Unsecured \| 2017 Senior Notes, Unsecured
Debt Instrument [Line Items]
Interest Rate	4.09%
Notes payable, gross	$ 100,000	100,000
Secured Mortgage Notes
Debt Instrument [Line Items]
Notes payable, gross	$ 653,088	661,525
Secured Mortgage Notes \| Fifth Third Center
Debt Instrument [Line Items]
Interest Rate	3.37%
Notes payable, gross	$ 131,934	133,672
Secured Mortgage Notes \| Colorado Tower
Debt Instrument [Line Items]
Interest Rate	3.45%
Notes payable, gross	$ 110,862	112,150
Secured Mortgage Notes \| Terminus 100
Debt Instrument [Line Items]
Interest Rate	5.25%
Notes payable, gross	$ 109,953	111,678
Secured Mortgage Notes \| Promenade Tower
Debt Instrument [Line Items]
Interest Rate	4.27%
Notes payable, gross	$ 87,224	89,052
Secured Mortgage Notes \| Domain 10
Debt Instrument [Line Items]
Interest Rate	3.75%
Notes payable, gross	$ 75,475	76,412
Secured Mortgage Notes \| Terminus 200
Debt Instrument [Line Items]
Interest Rate	3.79%
Notes payable, gross	$ 71,640	72,561
Secured Mortgage Notes \| Legacy Union One
Debt Instrument [Line Items]
Interest Rate	4.24%
Notes payable, gross	$ 66,000	$ 66,000

Notes Payable - Credit Facility

Notes Payable - Credit Facility (Details) - Credit Facility		4 Months Ended	6 Months Ended
Notes Payable - Credit Facility (Details) - Credit Facility	May 02, 2022 USD ($)	May 01, 2022 USD ($)	Jun. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,000,000,000	$ 1,000,000,000
Minimum fixed charge coverage ratio		1.50
Variable rate	1%
Available borrowing capacity			$ 694,000,000
Federal Funds Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%	0.50%
One-month LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate		1%
Adjusted SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.10%
SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.90%
Term SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%
Minimum
Line of Credit Facility [Line Items]
Minimum unencumbered interest coverage ratio		1.75
Minimum \| LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.05%
Minimum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0%	0.10%
Minimum \| SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.90%
Maximum
Line of Credit Facility [Line Items]
Secured leverage ratio	50%	40%
Leverage ratio		60%
Maximum \| LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.45%
Maximum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.40%	0.45%
Maximum \| SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.40%

Notes Payable - Term Loan (Deta

Notes Payable - Term Loan (Details) - Term Loan - Term Loan, Unsecured $ in Millions	May 02, 2022	Jun. 28, 2021 USD ($) extension
Debt Instrument [Line Items]
Debt amount \| $		$ 350
Number of extension options \| extension		4
Extension term		180 days
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		1.05%
Minimum \| Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate		1.05%
Minimum \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		1.05%
Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.05%
Maximum
Debt Instrument [Line Items]
Secured leverage ratio	40%
Maximum \| Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate		1.65%
Maximum \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		1.65%
Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.65%

Notes Payable - Unsecured Senio

Notes Payable - Unsecured Senior Notes (Details) - Unsecured Senior Notes $ in Millions	Jun. 30, 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	4.09%
3.91% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 250
Interest rate	3.91%
3.78% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 125
Interest rate	3.78%
3.86% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 250
Interest rate	3.86%
3.95% Senior Notes, Unsecured
Debt Instrument [Line Items]
Debt amount	$ 275
Interest rate	3.95%

Notes Payable - Secured Mortgag

Notes Payable - Secured Mortgage Notes (Details) $ in Thousands	Jun. 30, 2022 USD ($) debt_instrument	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 2,309,088	$ 2,240,025
Secured Mortgage Notes
Debt Instrument [Line Items]
Long-term debt	$ 653,088	$ 661,525
Number of non-recourse mortgage loans \| debt_instrument	7
Collateral amount	$ 1,100,000

Notes Payable - Other Debt Info

Notes Payable - Other Debt Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt Disclosure [Abstract]
Notes payable, fair value	$ 2,200,000		$ 2,200,000		$ 2,300,000
Total interest incurred	20,140	$ 18,075	39,116	$ 36,595
Interest capitalized	(3,591)	(1,419)	(7,042)	(2,731)
Total interest expense	$ 16,549	$ 16,656	$ 32,074	$ 33,864

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Ground lease liability	$ 49,386	$ 49,470
Prepaid rent	31,307	37,174
Security deposits	13,831	12,875
Restricted stock unit liability	1,123	7,314
Other liabilities	5,175	5,031
Total other liabilities	$ 100,822	$ 111,864

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit and performance bonds	$ 692
Future obligations under leases to fund tenant improvements and other future construction obligations	$ 200,200

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands, shares in Millions		3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 29, 2022 USD ($) $ / shares shares	Sep. 30, 2021 USD ($) financial_institution	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of participating financial institutions \| financial_institution		6
Common stock issued under the ATM			$ 101,668	$ 0
Dividends owed			48,522	$ 46,152	$ 48,522
ATM Program
Subsidiary, Sale of Stock [Line Items]
Sale of stock, shares issued (in shares) \| shares					2.6
Common stock issued under the ATM					$ 101,400
Payments of stock issuance costs					1,100
Dividends owed			$ 1,700		1,700
Other transaction related costs					$ 900
ATM Program \| Common Stock
Subsidiary, Sale of Stock [Line Items]
Sale of stock, consideration received on transaction	$ 105,100
Average price (in dollars per share) \| $ / shares	$ 39.92
Sale of stock, shares issued (in shares) \| shares	2.6
ATM Program \| Maximum
Subsidiary, Sale of Stock [Line Items]
Sale of stock, consideration received on transaction		$ 500,000

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 185,680	$ 186,637	$ 372,578	$ 376,187
Rental property revenues
Disaggregation of Revenue [Line Items]
Revenues	183,174	181,766	366,401	366,573
Variable rental revenue	50,200	48,200	103,000	96,000
Fees and other
Disaggregation of Revenue [Line Items]
Revenues	$ 2,500	$ 4,900	$ 6,200	$ 9,600

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Expense, Net of Forfeitures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	$ 2,300	$ 2,754	$ 5,195	$ 4,828
Equity-classified awards:
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	2,448	1,709	5,196	3,376
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	789	682	1,569	1,314
Market-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	936	586	2,148	1,359
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	312	218	684	474
Director grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	369	223	701	229
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	42	0	94	0
Liability-classified awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	(148)	1,045	(1)	1,452
Time-vested RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	(152)	211	(20)	373
Dividend equivalent units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	4	26	19	52
Market-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	0	657	0	770
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures	$ 0	$ 151	$ 0	$ 257

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Equity-classified awards: - Independent Board Of Directors $ in Millions	1 Months Ended
	Jun. 30, 2022 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares and targeted units granted (in shares) \| shares	44,549
Shares and targeted units granted \| $	$ 1.5
Service period	1 year

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income	$ 34,164	$ 28,060	$ 62,327	$ 57,371
Net income available to common stockholders	$ 34,052	$ 28,153	$ 62,036	$ 57,263
Denominator:
Weighted average common shares - basic (in shares)	148,837,000	148,665,000	148,788,000	148,644,000
Net income per common share — basic (in usd per share)	$ 0.23	$ 0.19	$ 0.42	$ 0.39
Numerator:
Net income	$ 34,164	$ 28,060	$ 62,327	$ 57,371
Net income available for common stockholders before allocation of net income attributable to noncontrolling interests in CPLP	$ 34,058	$ 28,158	$ 62,048	$ 57,274
Denominator:
Weighted average shares — basic (in shares)	148,837,000	148,665,000	148,788,000	148,644,000
Add:
Weighted average units of CPLP convertible into common shares (in shares)	25,000	25,000	25,000	25,000
Weighted average common shares - diluted (in shares)	149,142,000	148,740,000	149,090,000	148,716,000
Net income per common share — diluted (in usd per share)	$ 0.23	$ 0.19	$ 0.42	$ 0.39
Stock Options
Add:
Potential dilutive common shares - stock options (in shares)	0	0	0	2,000
Antidilutive securities (in shares)	0	0	0	0
RSU
Add:
Potential dilutive common shares - stock options (in shares)	280,000	50,000	277,000	45,000
CPLP
Numerator:
Net income attributable to other noncontrolling interests	$ (6)	$ (5)	$ (12)	$ (11)
Numerator:
Net income attributable to other noncontrolling interests	(6)	(5)	(12)	(11)
Other Noncontrolling Interests
Numerator:
Net income attributable to other noncontrolling interests	(106)	98	(279)	(97)
Numerator:
Net income attributable to other noncontrolling interests	$ (106)	$ 98	$ (279)	$ (97)

Consolidated Statements of Ca_4

Consolidated Statements of Cash Flows - Supplemental Information - Supplemental Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 29,456	$ 34,159
Income taxes paid	0	155
Non-Cash Activity:
Transfers from projects under development to operating properties	141,349	0
Transfer from operating properties and related assets and liabilities to assets and liabilities of real estate assets held for sale	0	249,365
Common stock dividends declared and accrued	$ 48,522	$ 46,152

Consolidated Statements of Ca_5

Consolidated Statements of Cash Flows - Supplemental Information - Reconciliation of Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 4,057	$ 8,937
Restricted cash	1,231	1,231
Total cash, cash equivalents, and restricted cash	$ 5,288	$ 10,168	$ 11,048	$ 6,138

Reportable Segments - Segment R

Reportable Segments - Segment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total Revenues	$ 185,680	$ 186,637	$ 372,578	$ 376,187
Rental property revenues
Segment Reporting Information [Line Items]
Total Revenues	183,174	181,766	366,401	366,573
Rental property revenues \| Office
Segment Reporting Information [Line Items]
Total Revenues	181,873	181,175	364,115	365,421
Rental property revenues \| Non-Office
Segment Reporting Information [Line Items]
Total Revenues	1,301	591	2,286	1,152
Rental property revenues \| Operating segments
Segment Reporting Information [Line Items]
Total Revenues	187,266	189,908	374,652	381,953
Rental property revenues \| Operating segments \| Atlanta
Segment Reporting Information [Line Items]
Total Revenues	69,299	66,022	137,736	131,172
Rental property revenues \| Operating segments \| Austin
Segment Reporting Information [Line Items]
Total Revenues	59,054	59,677	120,278	117,710
Rental property revenues \| Operating segments \| Charlotte
Segment Reporting Information [Line Items]
Total Revenues	15,230	22,475	29,719	44,203
Rental property revenues \| Operating segments \| Dallas
Segment Reporting Information [Line Items]
Total Revenues	4,132	4,531	8,328	9,014
Rental property revenues \| Operating segments \| Phoenix
Segment Reporting Information [Line Items]
Total Revenues	13,533	12,482	26,963	25,220
Rental property revenues \| Operating segments \| Tampa
Segment Reporting Information [Line Items]
Total Revenues	17,216	14,165	34,140	28,736
Rental property revenues \| Operating segments \| Other markets
Segment Reporting Information [Line Items]
Total Revenues	8,802	10,556	17,488	25,898
Rental property revenues \| Operating segments \| Office
Segment Reporting Information [Line Items]
Total Revenues	184,346	187,391	368,966	377,356
Rental property revenues \| Operating segments \| Office \| Atlanta
Segment Reporting Information [Line Items]
Total Revenues	68,860	65,626	136,875	130,502
Rental property revenues \| Operating segments \| Office \| Austin
Segment Reporting Information [Line Items]
Total Revenues	59,054	59,677	120,278	117,710
Rental property revenues \| Operating segments \| Office \| Charlotte
Segment Reporting Information [Line Items]
Total Revenues	13,929	21,884	27,433	43,051
Rental property revenues \| Operating segments \| Office \| Dallas
Segment Reporting Information [Line Items]
Total Revenues	4,132	4,531	8,328	9,014
Rental property revenues \| Operating segments \| Office \| Phoenix
Segment Reporting Information [Line Items]
Total Revenues	13,533	12,482	26,963	25,220
Rental property revenues \| Operating segments \| Office \| Tampa
Segment Reporting Information [Line Items]
Total Revenues	17,216	14,165	34,140	28,736
Rental property revenues \| Operating segments \| Office \| Other markets
Segment Reporting Information [Line Items]
Total Revenues	7,622	9,026	14,949	23,123
Rental property revenues \| Operating segments \| Non-Office
Segment Reporting Information [Line Items]
Total Revenues	2,920	2,517	5,686	4,597
Rental property revenues \| Operating segments \| Non-Office \| Atlanta
Segment Reporting Information [Line Items]
Total Revenues	439	396	861	670
Rental property revenues \| Operating segments \| Non-Office \| Austin
Segment Reporting Information [Line Items]
Total Revenues	0	0	0	0
Rental property revenues \| Operating segments \| Non-Office \| Charlotte
Segment Reporting Information [Line Items]
Total Revenues	1,301	591	2,286	1,152
Rental property revenues \| Operating segments \| Non-Office \| Dallas
Segment Reporting Information [Line Items]
Total Revenues	0	0	0	0
Rental property revenues \| Operating segments \| Non-Office \| Phoenix
Segment Reporting Information [Line Items]
Total Revenues	0	0	0	0
Rental property revenues \| Operating segments \| Non-Office \| Tampa
Segment Reporting Information [Line Items]
Total Revenues	0	0	0	0
Rental property revenues \| Operating segments \| Non-Office \| Other markets
Segment Reporting Information [Line Items]
Total Revenues	1,180	1,530	2,539	2,775
Rental property revenues \| Segment reconciling items
Segment Reporting Information [Line Items]
Total Revenues	(4,092)	(8,142)	(8,251)	(15,380)
Rental property revenues \| Segment reconciling items \| Office
Segment Reporting Information [Line Items]
Total Revenues	(2,473)	(6,216)	(4,851)	(11,935)
Rental property revenues \| Segment reconciling items \| Non-Office
Segment Reporting Information [Line Items]
Total Revenues	$ (1,619)	$ (1,926)	$ (3,400)	$ (3,445)

Reportable Segments - Net Opera

Reportable Segments - Net Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net Operating Income	$ 123,051	$ 122,705	$ 242,658	$ 245,829
Atlanta
Segment Reporting Information [Line Items]
Net Operating Income	46,756	43,274	91,164	86,471
Austin
Segment Reporting Information [Line Items]
Net Operating Income	36,565	35,955	72,932	70,232
Charlotte
Segment Reporting Information [Line Items]
Net Operating Income	11,218	15,863	21,873	31,120
Dallas
Segment Reporting Information [Line Items]
Net Operating Income	3,191	3,571	6,498	7,122
Phoenix
Segment Reporting Information [Line Items]
Net Operating Income	9,868	8,928	18,843	17,953
Tampa
Segment Reporting Information [Line Items]
Net Operating Income	10,643	8,919	21,334	18,321
Other markets
Segment Reporting Information [Line Items]
Net Operating Income	4,810	6,195	10,014	14,610
Office
Segment Reporting Information [Line Items]
Net Operating Income	121,164	121,430	238,984	243,326
Office \| Atlanta
Segment Reporting Information [Line Items]
Net Operating Income	46,506	43,115	90,679	86,218
Office \| Austin
Segment Reporting Information [Line Items]
Net Operating Income	36,565	35,955	72,932	70,232
Office \| Charlotte
Segment Reporting Information [Line Items]
Net Operating Income	10,246	15,688	20,258	30,685
Office \| Dallas
Segment Reporting Information [Line Items]
Net Operating Income	3,191	3,571	6,498	7,122
Office \| Phoenix
Segment Reporting Information [Line Items]
Net Operating Income	9,868	8,928	18,843	17,953
Office \| Tampa
Segment Reporting Information [Line Items]
Net Operating Income	10,643	8,919	21,334	18,321
Office \| Other markets
Segment Reporting Information [Line Items]
Net Operating Income	4,145	5,254	8,440	12,795
Non-Office
Segment Reporting Information [Line Items]
Net Operating Income	1,887	1,275	3,674	2,503
Non-Office \| Atlanta
Segment Reporting Information [Line Items]
Net Operating Income	250	159	485	253
Non-Office \| Austin
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Non-Office \| Charlotte
Segment Reporting Information [Line Items]
Net Operating Income	972	175	1,615	435
Non-Office \| Dallas
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Non-Office \| Phoenix
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Non-Office \| Tampa
Segment Reporting Information [Line Items]
Net Operating Income	0	0	0	0
Non-Office \| Other markets
Segment Reporting Information [Line Items]
Net Operating Income	$ 665	$ 941	$ 1,574	$ 1,815

Reportable Segments - Reconcili

Reportable Segments - Reconciliation of Net Income to Net Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net Operating Income	$ 123,051	$ 122,705	$ 242,658	$ 245,829
Net operating income from unconsolidated joint ventures	(2,542)	(5,437)	(5,261)	(10,191)
Total Revenues	185,680	186,637	372,578	376,187
Reimbursed expenses	(677)	(398)	(1,037)	(766)
General and administrative expenses	(6,996)	(7,313)	(15,059)	(14,046)
Interest expense	(16,549)	(16,656)	(32,074)	(33,864)
Depreciation and amortization	(69,861)	(71,456)	(140,605)	(142,326)
Other expenses	(425)	(824)	(646)	(1,414)
Income from unconsolidated joint ventures	5,280	1,795	6,404	3,698
Gain on sales of investments in unconsolidated joint ventures	0	0	0	39
Gain (loss) on investment property transactions	28	(9)	(41)	(26)
Loss on extinguishment of debt	(100)	0	(100)	0
Net income	34,164	28,060	62,327	57,371
Fee income
Segment Reporting Information [Line Items]
Total Revenues	2,305	4,803	3,693	9,332
Termination fee income
Segment Reporting Information [Line Items]
Total Revenues	449	782	1,911	824
Other
Segment Reporting Information [Line Items]
Total Revenues	$ 201	$ 68	$ 2,484	$ 282