Less than one month after Forest City Enterprises announced it will reposition or divest its land holdings and refocus on apartments, office and retail developments in its core markets, Cousins Properties Inc., said it, too, plans to drop land from its mix of assets – and will take a $126 million charge to do so.

The Atlanta-based REIT's commercial land holdings include 475 acres, with 326 acres in Georgia, 66 in Texas, 56 in Florida and smaller acreages in Tennessee and Missouri.

The REIT's residential land holdings include 5,519 planned residential lots and another 8,106 acres of developable land.