ATLANTA, June 14, 2019 /PRNewswire/ -- Cousins
Properties (NYSE: CUZ) announced today the closing of its
stock-for-stock merger with TIER REIT, Inc. (NYSE: TIER).
Shares of TIER common stock will be de-listed after the close of
trading today.
About Cousins Properties
Cousins Properties is a
fully integrated, self-administered and self-managed real estate
investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating
partnership, Cousins Properties LP, primarily invests in Class A
office towers located in high-growth Sun Belt markets. Founded in
1958, Cousins creates shareholder value through its extensive
expertise in the development, acquisition, leasing, and management
of high-quality real estate assets. The Company has a comprehensive
strategy in place based on a simple platform, trophy assets and
opportunistic investments. For more information, please
visit www.cousins.com.
Cautionary Statement Regarding Forward-Looking
Information
In addition to historical information, this communication
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements, which are based on current
expectations, estimates and projections about the industry and
markets in which Cousins operates and beliefs of and assumptions
made by Cousins management, involve uncertainties that could
significantly affect the financial or operating results of the
combined company. Words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "will,"
"should," "may," "projects," "could," "estimates" or variations of
such words and other similar expressions are intended to identify
such forward-looking statements, which generally are not historical
in nature, but not all forward-looking statements include such
identifying words. Such forward-looking statements include, but are
not limited to, projections of earnings and statements of plans for
future operations or expected revenues. All statements that address
operating performance, events or developments that we expect or
anticipate will occur in the future are forward-looking statements.
These statements are not guarantees of future performance and
involve certain risks, uncertainties and assumptions that are
difficult to predict. Although we believe the expectations
reflected in any forward-looking statements are based on reasonable
assumptions, we can give no assurance that our expectations will be
attained and therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in such
forward-looking statements. For example, these forward-looking
statements could be affected by factors including, without
limitation, risks associated with (i) national, international,
regional and local economic climates, (ii) changes in
financial markets, interest rates and foreign currency exchange
rates, (iii) increased or unanticipated competition for our
properties, (iv) risks associated with acquisitions,
(v) the potential liability for a failure to meet regulatory
requirements, including the maintenance of real estate investment
trust status, (vi) availability of financing and capital,
(vii) changes in demand for developed properties,
(viii) risks associated with achieving expected revenue
synergies or cost savings, (ix) material changes in the
dividend rates on securities or the ability to pay dividends on
common shares or other securities, (x) potential changes to
tax legislation, (xi) adverse changes in financial condition
of joint venture partner(s) or major tenants, (xii) risks
associated with the acquisition, development, expansion, leasing
and management of properties, (xiii) significant costs related
to uninsured losses, condemnation, or environmental issues,
(xiv) the ability to retain key personnel, and (xv) those
additional risks and factors discussed in reports filed with the
Securities and Exchange Commission by Cousins from time to time,
including those discussed under the heading "Risk Factors" in our
most recently filed reports on Form 10-K and 10-Q. Except to
the extent required by applicable law or regulation, Cousins
disclaims any duty to update any forward-looking statements
contained in this communication or to otherwise update any of the
above-referenced factors.
CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com
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SOURCE Cousins Properties