The registration statement currently registers debt securities, common stock and warrants to purchase common stock and has about $130 million available. The updated registration statement covers only primary offerings by the company, according to Russell's statement. Proceeds will be used for general corporate purposes.
The company's portfolio consists of equity interests in 13.3 million sf of office space, 3.3 million sf of retail, 900,000 sf of medical and more than 300 acres of prime land being banked for future commercial development in major markets.
In its most recent large-scale deal, Cousins Real Estate Corp. and Temple-Inland Realty Inc. of Austin, TX have jointly purchased a majority interest in 1,150 acres in suburban Atlanta for the development of The Georgian, a planned 1,386-home community adjacent to The Frog at The Georgian Resort Golf Course, as GlobeSt.com previously reported.
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