Cousins Properties Expands Advisory Services Group

Cousins Properties Incorporated (NYSE: CUZ) announced today it has expanded its Real Estate Advisory Services Group to meet the growing needs of equity investors and lenders saddled with distressed assets.

With a track record spanning 51 years, Cousins draws on the experience of in-house professionals to evaluate, recommend and implement solutions for the most complex real estate challenges. With the real estate industry experiencing its worst downturn in a generation, Cousins has seen a significant increase in the demand for its Advisory Services Group. This trend is expected to continue as more institutions realize the need for a seasoned advisor to help them complete partially developed projects, work through refinancing efforts, and assist with the disposition of assets.

�Institutions of all types are facing unprecedented exposure to distressed commercial, retail, and residential assets,� said Cousins CEO Tom Bell. �For these companies, it is imperative to develop the right strategy, right now. There are no easy answers, but Cousins Properties has the experience and expertise it takes to help our clients navigate through these trying times.�

Assistance with distressed properties is the province of Cousins� Real Estate Advisory Services Group. The group provides services in three major areas of expertise:

Development Services: consulting, master planning, entitlement, design coordination, project management, and construction
Financial Services: financial analysis, recapitalization, refinance, disposition; and
Asset Management: property management, leasing, marketing

For more information on Cousins Real Estate Services, please visit the Cousins Web site at www.cousinsproperties.com.

About Cousins Properties, Inc.

Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office, multi-family, retail and land development projects. Since its founding in 1958, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 3,500 multi-family units and more than 60 single-family neighborhoods. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more, please visit www.cousinsproperties.com.

Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk. These include, but are not limited to, general and local economic conditions (including the current general recession and state of the credit markets), local real estate conditions (including the overall condition of the residential markets), the activity of others developing competitive projects, the risks associated with development projects (such as delay, cost overruns and leasing/sales risk of new properties), the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company�s ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the ability of the Company to close properties under contract and other risks detailed from time to time in the Company�s filings with the Securities and Exchange Commission, including those described in Part I, Item 1A of the Company�s Annual Report on Form 10-K for the year ended December 31, 2008. The words �believes,� �expects,� �anticipates,� �estimates� and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

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