Reit Magazine - January/February 2021 - 19

A
Place
in theSun
BY LIZ WOLF

Cousins Properties is poised to benefit from the migration
of talent and employers to the Sun Belt office market.
Cousins Properties (NYSE: CUZ) was at a critical juncture in 2011, the year its
current president and CEO Colin Connolly joined the company. Since then, and in
the wake of a concerted effort to simplify its focus, Cousins has emerged as a leading
Sun Belt office REIT in a region experiencing population growth and an increasing
number of corporate relocations.
Connolly, 44, began his tenure at Cousins as a senior vice president focusing on
acquisitions and dispositions and quickly rose through the company's ranks. He
became CEO on Jan. 1, 2019.
Back in 2011, then-chairman and CEO Larry Gellerstedt was working to guide the
company out of the Great Recession and reposition Cousins' diversified portfolio
away from retail, industrial, and residential toward highly-amenitized trophy office
buildings in walkable, urban areas in Sun Belt markets.
" Looking back to 2011, we were very much a diversified REIT and involved in
just about every property type, " Connolly says. " We were at a unique point in time,
obviously trying to emerge from the global financial crisis, and the company was
over-levered, subscale, and really we were at an inflection point. "

Nareit: Real estate working for you |

19



Reit Magazine - January/February 2021

Table of Contents for the Digital Edition of Reit Magazine - January/February 2021

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Reit Magazine - January/February 2021 - Contents
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