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American real estate company From Wikipedia, the free encyclopedia
Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina.[1] The company has developed notable properties including CNN Center, Omni Coliseum, 191 Peachtree Tower, and Emory Point in Atlanta.
Company type | Public company |
---|---|
NYSE: CUZ S&P 400 component | |
Founded | 1958 |
Founder | Tom Cousins |
Headquarters | Atlanta, Georgia, United States |
Key people | |
Revenue | $657 million (2019) |
$150 million (2019) | |
Total assets | $7.151 billion (2019) |
Total equity | $4.427 billion (2019) |
Number of employees | 331 (2019) |
Website | www |
Footnotes / references [1] |
As of December 31, 2019, the company owned wholly or through joint ventures 38 properties comprising 21,767,000 square feet.[1]
The company was founded in 1958 by Tom Cousins.[2]
In 1962, the company became a public company via an initial public offering.[2]
In 1965, the company built an office building in downtown Atlanta.[2]
In the 1970s, the company expanded into regional malls, real estate finance, and insurance but pared back after the economy softened.[2]
In 1987, Tom Cousins formed the Cousins Foundation and funded it with stock in the company.[3]
In 2002, Thomas Cousins retired from his position as CEO, but remained chairman of the board of directors until the end of 2006, at which time he retired.[4] R. Dary Stone also stepped down from the president and COO positions in 2002.[5][6]
In 2004, the company partnered with Jim Wilson and Associates, Inc. to develop The Avenue at Carriage Crossing.[7]
In 2016, the company acquired Parkway Properties and spun off its Houston assets into Parkway, Inc.[8][9]
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