Cousins Properties Incorporated 2006 Annual Report - SNL Financial

S-4
Description Encumbrances
COUSINS PROPERTIES INCORPORATED AND CONSOLIDATED ENTITIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2006
($ in thousands)
Land
and
Improvements
Initial Cost
to Company
Buildings
and
Improvements
Land
and
Improvements
Costs Capitalized
Subsequent
to Acquisition
Buildings
and
Improvements
Less Cost
of Sales
and Other
Gross Amount at Which
Carried at
End of Period
Land and
Improvements
Buildings
and
Improvements
Less Cost
of Sales
and Other
Total
(a)
AccumulatedDepreciation(a)
Date of
Construction/
Renovation
SCHEDULE III
(PAGE 4 of 5)
Date
Acquired
Life on
Which Depreciation
in 2006
Statement
of Income
is Computed(b)
Industrial
Lakeside Ranch Business
Park — Building 20 —
Dallas, TX . . . . . . . . . $ — $ 5,241 $ — $ — $ 13,168 $ 5,241 $ 13,168 $ 18,409 $ — 2006 2006 —
King Mill Distribution
Park — Building 3B —
Suburban Atlanta, GA . . .
Jefferson Mill Business Park
Building A —
1,815 1,943 — — 7,588 1,943 7,588 9,531 — 2005 2005 —
Suburban Atlanta, GA . . . 1,432 1,287 — — 6,976 1,287 6,976 8,263 — 2006 2006 —
Total Industrial . . . . . .
Total Projects
3,247 8,471 — — 27,732 8,471 27,732 36,203 —
Under Development . . . . 3,247 74,461 — — 227,825 74,461 227,825 302,286 1,904
RESIDENTIAL LOTS UNDER DEVELOPMENT
River’s Call —
Suburban Atlanta, GA. .
The Lakes at Cedar
Grove — Suburban
— 2,001 — 10,904 (12,078) 12,905 (12,078) 827 — 2000 1971-1989 —
Atlanta, GA . . . . . . .
Blalock Lakes —
— 4,720 — 28,988 (28,240) 33,708 (28,240) 5,468 — 2001 2001 —
Newnan, GA . . . . . . .
Longleaf at Callaway —
— 17,657 — — — 17,657 — 17,657 — 2006 2006 —
Pine Mountain, GA . . .
Callaway Gardens —
309 2,098 — 6,594 (6,604) 8,692 (6,604) 2,088 — 2002 2002 —
Pine Mountain, GA . . .
Total Residential Lots
— 1,584 — — — 1,584 — 1,584 — 2006 2006 —
Under Development . . . . 309 28,060 — 46,486 (46,922) 74,546 (46,922) 27,624 —
$122,152 $269,720 $319,735 $86,710 $344,845 $361,734 $659,276 $1,021,010 $117,769