Prospectus excerpt:  Cousins Properties Incorporated is offering to the public its 7 1/2% Series B Cumulative Redeemable Preferred Stock, $1.00 par value per share, which we refer to in this prospectus supplement as the Series B preferred stock, on terms summarized as follows: We will pay cumulative dividends on the Series B preferred stock, from the date of original issuance, in arrears, at the rate of 7 1/2% per year of the $25.00 liquidation preference per share, payable on February 15, May 15, August 15 and November 15 of each year when and as declared by the board of directors, beginning on February 15, 2005. This is equivalent to a fixed annual amount of $1.875 per share. We cannot redeem the Series B preferred stock before December 17, 2009, except in certain circumstances in order to ensure that we remain qualified as a real estate investment trust, or REIT, for U.S. federal income tax purposes. On and after December 17, 2009, we may, at our option, redeem the Series B preferred stock for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends to the date of the redemption. The Series B preferred stock has no stated maturity and will not be subject to any sinking fund or mandatory redemption and will not be convertible into or exchangeable for any other shares of our stock or any other property or securities. Holders of the Series B preferred stock will generally have no voting rights, except if we fail to pay dividends on any Series B preferred stock for six or more quarterly periods.