Cousins Properties Incorporated announced that it and certain existing shareholders affiliated with TPG Global, LLC have  commenced an underwritten public offering of 63,571,336 shares of its common stock.  25,000,000 shares are being offered by the Company, and an aggregate of 38,571,336 shares are being offered by TPG.

The Company intends to use the net proceeds of the offering for repayment of debt and general corporate purposes, including the acquisition and development of office properties and other opportunistic investments.  The Company will not receive any proceeds from the sale of shares by TPG.

Morgan Stanley & Co. LLC will serve as the sole book-running manager for the offering. 

This offering will be made pursuant to a prospectus supplement to the Company's prospectuses dated January 4, 2017, filed as part of the Company's effective shelf registration statements relating to these securities.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares described herein or any other securities, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.  The offering may be made only by means of a prospectus supplement and the related prospectuses.