BIRMINGHAM, Ala., Sept. 21 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP) announced today that Sandra Lee Robertson, Senior Vice
President Finance, will be leaving the Company at the end of September to
pursue family interests. Robertson, who joined Colonial Properties Trust in
1998, has been responsible for communicating the Company's corporate strategy
to investors, analysts, rating agencies and lenders. Robertson has also been
heavily involved in the balance sheet management and corporate financing
activities for the Company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
Thomas H. Lowder, President and chief executive officer of Colonial
Properties Trust stated, "When I met Lee in 1998, it only took a couple of
minutes to know she would make a great investor relations officer. She is
bright, articulate and sharp as a razor's edge. The analysts and
institutional investors love interacting with Lee. Her honest, no nonsense
approach has won her respect throughout our industry. We'll miss her skills
and quick intellect, however, we wish her the very best."
As a result of Ms. Robertson's leaving, Colonial Properties Trust has
announced that it will restructure the current position to maximize
organizational efficiencies. Jerry A. Brewer has been promoted to Senior Vice
President Corporate Treasury and will assume the duties for Corporate Finance
activities, Corporate and Regulatory Reporting and Corporate Budgets/Financial
Models. Brewer joined Colonial Properties Trust in 1999 and has served as the
Vice President of Financial Reporting. Brewer received his B.S. in Accounting
from Auburn University and an MBA from University of Alabama Birmingham.
The Company will name a Vice President of Investor Relations following a
comprehensive interview process. The Vice President of Investor Relations
will be the primary interface with the investment community and analyst
groups. Prior to the announcement of the new investor relations officer,
Weston M. Andress, chief financial officer, will be available for investor
inquiries. Both the Senior Vice President Corporate Treasury and the Vice
President Investor Relations will report directly to Andress.
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, Tennessee, Texas and Virginia. Colonial Properties
Trust performs development, acquisition, management, leasing and brokerage
services for its portfolio and properties owned by third parties. Colonial
Properties Trust is a diversified REIT, which has a total market
capitalization of $3.4 billion. The cornerstone of Colonial Properties'
success is its live, work and shop diversified investment strategy. The
Company manages or leases 22,400 apartment units, 6.8 million square feet of
office space and 15.7 million square feet of retail shopping space.
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
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Weston M. Andress, CFO/CIO, +1-704-376-3391,
or Sandra Lee Robertson, SVP - Finance, +1-205-250-8788, both of
Colonial Properties Trust
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