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Cousins Properties ( (CUZ) ) just unveiled an update.
Cousins Properties, an Atlanta-based real estate investment trust, is set to expand its presence in Charlotte by acquiring the Vantage South End, a 639,000 square foot lifestyle office property, for $328.5 million. Scheduled to close in December, this off-market acquisition is expected to enhance earnings immediately and is part of Cousins’ strategy to invest in highly-amenitized assets in the Sun Belt. The property, completed in 2021 and 2022, is 97% leased, boasting a long-term lease average.
For a thorough assessment of CUZ stock, go to TipRanks’ Stock Analysis page.
