BIRMINGHAM, Ala., April 19 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP) (the "Company"), a real estate investment trust (REIT) that
owns a diversified portfolio of multifamily, office and retail properties,
announced today the promotion of Charles McNamee to Senior Vice President,
Retail Construction. McNamee, who has been with the company since 1999, has
managed the new construction or redevelopment of 17 projects totaling
approximately $428 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
"Charles is a key player on the retail development team that takes new
projects and redevelopments from the concept stage all the way through
budgeting, planning, construction and opening," stated Charles Light,
Executive Vice President, Retail Division. "A few excellent examples of
Charles' construction expertise are the successful redevelopment of Colonial
Brookwood Village and the successful development of Colonial Promenade
Trussville, Phases I & II and Colonial Promenade Tutwiler Farm."
Current development projects underway in the Birmingham area include
Colonial Promenade Alabaster, and Colonial Pinnacle at Tutwiler Farm. One
project currently under redevelopment, Colonial TownPark Colonnade, is close
to completion.
Colonial Properties Trust is a diversified REIT that, through its
subsidiaries, owns a portfolio of multifamily, office and retail properties
where you live, work and shop in Alabama, Florida, Georgia, Mississippi, North
Carolina, South Carolina, Virginia, Tennessee, Texas, Arizona, Nevada and New
Mexico. Colonial Properties Trust performs development, acquisition,
management, leasing and brokerage services for its portfolio and properties
owned by third parties. The Company has a total market capitalization of
approximately $5 billion. The foundation of Colonial Properties' success is
its live, work and shop diversified investment strategy. The Company manages
or leases approximately 50,000 apartment units, 6.8 million square feet of
office space and 15.1 million square feet of retail shopping space. In 2003,
the National Association of Industrial and Office Properties (NAIOP) named
Colonial Properties Trust "National Developer of the Year." Additional
information on Colonial Properties Trust is available on the Internet
at http://www.colonialprop.com . The Company, headquartered in Birmingham, Ala., is
listed on the New York Stock Exchange under the symbol "CLP" and is included
in the S&P SmallCap 600 Index.
SOURCE Colonial Properties Trust
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Related links:
http://www.colonialprop.com
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AP Archive: http://photoarchive.ap.org
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CONTACT:
Barbara M. Pooley, Senior Vice President -
Investor Relations, +1-800-645-3917, or Linda S. Geiss, Vice
President - Media Relations, +1-205-250-8768, both of Colonial
Properties Trust
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