Cousins Announces Charlesworth Retirement.

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announced today that Tom G. Charlesworth, 57, executive vice president and chief investment officer, has advised the company of his decision to retire at the end of 2006. Mr. Charlesworth retired from full-time service to the company in summer 2004, when he relinquished the chief financial officer title and other administrative duties. Craig B. Jones, 55, now executive vice president and chief administrative officer, will be named executive vice president and chief investment officer, effective Jan. 1, 2007. Most of Mr. Jones' responsibilities as chief administrative officer will be transitioned to other senior executives over the rest of the year but the General Counsel's office will continue to report to him.

"Few people, outside of Tom Cousins himself, have had a greater impact on this company than Tom Charlesworth. His influence will be felt across the company for many years to come," said Tom Bell, president and CEO of Cousins. "We are fortunate to have a talented, experienced executive like Craig to step in and lead our rigorous investment process and our analysis group. We are fortunate at Cousins to have a strong bench of qualified people available to step up and assume larger responsibilities."

Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including development, acquisition, financing, management and leasing. Cousins actively invests in office, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 8.2 million square feet of office space, 4.6 million square feet of retail space, 2 million square feet of industrial space, one multi-family residential project and 23 single-family neighborhood developments, over 9,200 acres of strategically located land tracts for sale or future development, and significant land holdings for development of single-family residential communities. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 14.9 million square feet of office and retail space. Cousins is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol "CUZ." For more information on the Company, please visit Cousins' Web site at www.cousinsproperties.com.