Daniel M. Dupree to Resign as Cousins President and Chief Operating Officer; R. Dary Stone Named to be His Successor.

Business Editors

ATLANTA--(BUSINESS WIRE)--Feb. 14, 2001

Cousins Properties Incorporated's (NYSE:CUZ) Board of Directors today announced that Daniel M. DuPree, the Company's President and Chief Operating Officer, has notified the Company of his intention to leave effective March 31, 2001. The Board also announced that it has named R. Dary Stone, President of Cousins Stone LP and a Board member, as President and Chief Operating Officer.

Thomas G. Cousins, the Company's Chairman and Chief Executive Officer said, "Dan has played a significant role in Cousins becoming one of the most respected, well-run companies in the United States. During the five years Dan was president, the Company achieved a 21% annualized total return for our shareholders, one of the best records in the industry. In addition, Dan has been instrumental in helping build and lead a management team that is very well respected throughout the real estate industry. This team has led our strategic expansion into key markets where we can achieve a leadership position and has established the largest pipeline of preleased projects in the Company's history."

Mr. Cousins added, "As our Company looks forward, we are fortunate to have a senior management team in place that is comprised of the brightest minds in the business and an efficient organizational structure that allows Cousins to stay at the forefront of the industry. We are also very pleased with the addition of Dary Stone as president. Dary is a prominent real estate veteran who brings invaluable leadership skills and a vast network of executive-level relationships to our team."

Mr. Stone founded the predecessor to Cousins Stone LP ten years ago. Cousins Properties acquired a 50% interest in the predecessor in 1999, at which time its name was changed to Cousins Stone LP. An additional 25% interest was acquired in 2000. Cousins Stone is a full service commercial real estate firm, which manages and leases a portfolio of over seven million square feet of Class "A" assets. It is the third largest property manager of Class "A" office space in Dallas, and the development manager for Las Colinas, the 12,000-acre internationally acclaimed, masterplanned business and residential community adjacent to Dallas/Forth Worth International Airport. In addition to Mr. Stone's real estate career he has served as counsel and campaign manager to Texas Governor Bill Clements, Chairman of the Texas Finance Commission, Director of the Texas Office of State-Federal Relations, regional board member of the Resolution Trust Corporation and presently serves on numerous civic, educational and real estate industry boards.

Cousins Properties Incorporated, headquartered in Atlanta, 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 12.8 million square feet of office space, 3.5 million square feet of retail space and .9 million square feet of medical office space, and more than 300 acres of strategically located 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." For more information on the Company, please visit Cousins' web site at www.cousinsproperties.com.