Cousins Properties $7.8 billion acquisition of TIER REIT

Overview:

• Cousins Properties has acquired TIER REIT in a stock-for-stock transaction valued at $7.8 billion. 
• The combined entity has a real estate portfolio that spans over 21 million square feet in the US Sun Belt. 
• Morgan Stanley acted as exclusive financial adviser for Cousins and JP Morgan Securities acted as exclusive financial adviser for TIER. 
• The transaction is expected to close in the third quarter of 2019. 

Kurt Stumpo - US Editor