News
REIT Week
June 14, 2010
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| Our Chicago reporter was on the ground at NAREIT's REITWeek at the Chicago Hilton last week. In one panel, Cousins Properties CEO Larry Gellerstedt, right, here with Wells Fargo Securities' Brendan Maiorana, said getting leverage down to 40% within the next five years is a major goal. The REIT is also trying to sell or monetize non-core assets, like the few condos and industrial buildings it's acquired or developed. Larry is proud of what Cousins has done in a shaky market of Atlanta, where it brought 191 Peachtree St. from 20% leased to 77% leased, and leased up Terminus 200 in Buckhead. (We know that sounds like a made-up neighborhood, butsubscribe to our Atlanta edition, and you can hear all about it.) |
