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Home > Company Index > Real Estate > REIT - Diversified & Misc. > Colonial Properties Trust

Colonial Properties Trust
NYSE: CLP
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 PROFILE
Whether you call it the South or the Sunbelt, Colonial Properties keeps much of it covered with its ownership of more than 115 properties in nine southern states. The diversified real estate investment trust (REIT) owns 53 multifamily apartment complexes with more than 17,000 units, 17 office properties (3.2 million sq. ft.), and 45 retail properties (15.2 million sq. ft.). The REIT also owns undeveloped land next to some of the properties. Colonial Properties also offers custom development, as well as management, leasing, and brokerage services for commercial real estate. CEO Thomas Lowder and brother James each own about 10% of the company; another brother, Robert, owns about 6%.

 COMPETITION
Banyan Strategic Realty Trust (BSRTS)
Highwoods Properties, Inc. (HIW)
Sizeler Property Investors, Inc. (SIZ)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 312.00
1-Yr. Sales Growth: 7.4%
Employees: 1,000
Revenue per employee: $312,000.00

 KEY PEOPLE
• Thomas H. Lowder
    CEO
• Howard B. Nelson
    CFO

 CONTACT INFO
2101 6th Ave. North, Ste. 750
Birmingham, AL 35203
US
Phone: 205-250-8700
Fax: 205-250-8890
Online: Web Site

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