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Gellerstedt will remain the Atlanta-based real estate investment trust said. Bell, who turnsz 60 this year, became Cousins CEO in Januaryt 2002 and chairman inDecembert 2006. Under his watch, the company sold nearlyh $3 billion in assets during the market’s peak for special dividends totalinh $12.62 a share. “There is never a perfecrt time to leave a company as respected and admired as but I’m confident that after seve and a half years as chief executive, the companyu is ready for new leadership and renewesd energy,” Bell said in a statement.
“My decisionm to step aside now allows our extremelyy talented management team under the guidance of Larru to make important decisions that will prepares Cousins for the next phasr of the realestate cycle.” Bell remainxs deeply involved in Atlanta’ws civic life. He has been instrumental in the efforty to save fromfinancial ruin. The movement began over dinner in earlhy 2007 when the tablre conversationof A.D. Correll, former CEO of , and Bell turned to Grady. Througyh their leadership and donationsfrom , ’s $5 and . "I thought he had big shoeds to fill when hetook over, since he was replacing Tom Cousins," said Hal Barry, founder of Barrt Real Estate Cos.
"Sincs then, he's done an absolutely fantasticc job forthat company. And what he's done for the city and metrp Atlanta have just been overthe top. I hope he doesn't give up some of his efforts that have meany so much to the Atlanta I just admire the heck outof him." 53, came to Cousins (NYSE: CUZ) when the REIT boughtr his firm, , in June 2005. Gellerstedyt served as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beers to , he was electec chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedt became president and chief operating officerof , an urbanb mixed-use development company.
He went on to foundf The Gellerstedt Groupin 2003. In other company Cousins’ board of directors namefd S. Taylor Glover non-executive chairmahn of the board. Glover joined the Cousinss board inFebruary 2005. He is currently the presideng and chief executive officerof
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