Cousins Properties
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 |
|---|---|
| NYSE: CUZ S&P 400 component | |
| Founded | 1958 |
| Founder | Tom Cousins |
| Headquarters | Atlanta, Georgia, United States |
Key people | |
| Revenue |  $856 million (2024) |
 $46 million (2024) | |
| Total assets | $8.802 billion (2024) |
| Total equity | $4.870 billion (2024) |
Number of employees | 306 (2024) |
| Website | cousins |
| Footnotes / references [1] | |
As of December 31, 2024, the company owned wholly or through joint ventures 42 properties comprising 20.6 million square feet of office space and 467,000 square feet of other space.[1]
History
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]