Cousins Properties announced that it has completed the disposition of Emory Point I and II, a mixed-use property in Atlanta comprised of 750 apartments and 125,000 square feet of retail space, for a gross price of $199 million. The project was owned through a 75/25 joint venture between Cousins and Gables Residential.

Cousins' portion of the sales proceeds, before transaction costs and debt payments, was approximately $150 million. This transaction was included in the Company's previously provided 2017 disposition activity range of $300 million to $325 million. With this transaction, the Company estimates remaining 2017 disposition activity of $150 million to $175 million, before transaction costs and debt payments.