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Cousins Has $2 Million Exposure to Failed Silicon Valley Bank Through Arizona Lease

Failed Bank’s Parent Was Current on Payments for Office Space at Greater Phoenix Building, REIT Says

Cousins Properties owns this Tempe, Arizona, office building where failed financial institution Silicon Valley Bank has leased office space. (Getty Images)
Cousins Properties owns this Tempe, Arizona, office building where failed financial institution Silicon Valley Bank has leased office space. (Getty Images)

Cousins Properties said it has $2 million of exposure to Silicon Valley Bank through Cousins' ownership of an office building near Phoenix where the bank has space as fallout from the financial institution's failure grows.

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