Cousins Properties' 3350 Peachtree. (Photo: Google Maps)

US-listed office REITs, Cousins Properties and TIER REIT, have entered into a definitive merger agreement.

The REITs will merge in a 100 percent stock-for-stock transaction.

The transaction will create a Grade A office REIT with a combined portfolio of over 21 million square feet located across the US’ Sun Belt.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.