Cousins Properties to sell more stock

Atlanta-based real estate investment trust Cousins Properties plans to raise about $100 million through a sale of common stock as it seeks to redeem certain preferred shares.

Cousins said Wednesday it plans to sell 8.7 million common shares. Cousins stock closed Wednesday at $11.59 per share. Wells Fargo Securities will underwrite the offering, Cousins said in a news release.

The company said any remaining proceeds from the stock sale “will be used for general corporate purposes,” which could include investments in new office properties and debt repayment.

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