Cousins Properties Increases Dividend 14%.

ATLANTA--(BUSINESS WIRE)--Nov. 17, 1998--Cousins Properties Incorporated (NYSE:CUZ), one of the largest diversified real estate development companies in the U.S., today announced that its Board of Directors has increased the regular quarterly cash dividend 14% to $0.41 per share, or $1.64 per share on an annualized basis, from $0.36 per share, or $1.44 per share on an annualized basis, payable December 22, 1998, to stockholders of record on December 9, 1998.

Cousins Properties Incorporated has extensive experience in the real estate industry, including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, retail, medical office and land development projects. The Company's portfolio consists of interests in more than 8.6 million square feet of office space, 3.4 million square feet of retail space, .6 million square feet of medical office space, and over 400 acres of land for future commercial development. 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."