Cousins raises $661M in stock sale
Atlanta-based real estate firm Cousins Properties said Monday it received $661.3 million from a stock offering that comes as the company plans to acquire a portfolio of office buildings in Texas.
Cousins sold 60 million shares to the public at $10 each. Underwriters of the deal purchased an additional 9 million shares. Cousins said in a news release the net proceeds included certain costs associated with the sale.
The company announced last week its plan to purchase a $1.1 billion office building portfolio, including the 10-building Greenway Plaza complex in Houston and the 777 Main Street tower in Fort Worth.
About the Author
J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.
More Stories
The Latest
