Cousins Properties Incorporated (NYSE:CUZ) Q4 2023 Earnings Call Transcript

Colin Connolly: Peter, I appreciate the question. It is — the answer is yes, we are beginning to see that. I would say there’s a couple different trends that are all kind of coming together, which is you are seeing lenders or — and a lot of investors in real estate, trying to diversify out of their office exposure. And at the same time, you’re starting to see catalysts for things to happen in that you’ve got a significant amount of debt maturities that are starting to occur in 2024. And you also have increased leasing activity, which requires capital to pay tenant improvements and leasing commissions. And so that forces a conversation as who is going to fund that. And so that’s all ingredients to create transaction and investment opportunities. And as I mentioned, that’s why we’ve got some confidence that over the course of this year, we’re going to begin to see much more actionable investment opportunities for Cousins.

Operator: There are no further questions at this time. Mr. Connolly, please proceed with your closing remarks.

Colin Connolly: Thank you all for joining us today and your continued interest in Cousins Properties. We look forward to hopefully seeing you soon, but please feel free to reach out to our team with any questions in the interim. Have a great day.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for participating. You may now disconnect.