---
schema_version: "secwatch.filing_event.v1"
accession: "0000025232-23-000031"
form_type: "8-K"
ticker: "CUZ"
cik: "0000025232"
company_name: "COUSINS PROPERTIES INC"
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:33:17.501644+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Cousins Properties details SVB exposure: 205K sq ft lease, $2M net assets, $11.7M letters of credit

## Summary
- SVB Financial leases 205,000 sq ft at Cousins' Hayden Ferry property in Phoenix, lease expiring Jan 2026.
- Monthly straight-line revenue from lease is ~$700,000; SVB Financial is current through March 2023.
- Cousins has $2.0M net assets on balance sheet attributable to the lease (straight-line rent accrual).
- Cousins holds $11.7M in security deposits from tenants in letters of credit issued by SVB Bank; working to replace.
- Cousins has no bank accounts, loans, or other amounts due to/from SVB Bank or SVB Financial.

## SEC filing metadata
- accession: 0000025232-23-000031
- form_type: 8-K
- ticker: CUZ
- cik: 0000025232
- company_name: COUSINS PROPERTIES INC
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25232/000002523223000031/0000025232-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25232/000002523223000031/cuz-20230315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000025232-23-000031
- JSON: https://secwatch.observer/filing/0000025232-23-000031.json
- Plain text: https://secwatch.observer/filing/0000025232-23-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.