BIRMINGHAM, Ala., Dec. 10 /PRNewswire-FirstCall/ -- In a continuing effort
to promote higher education, Colonial Properties Trust (NYSE: CLP) has once
again awarded several college students a unique scholarship, granting the use
of a one-bedroom apartment during the 2003/2004 school year in communities in
which we operate multifamily properties, the total value of which is more than
$90,000.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
This year's scholarship recipients are:
-- Lenora Shenee Salter, a senior at Alabama State University in
Montgomery, Alabama majoring in Computer Information Systems, from
Georgiana, Alabama;
-- Jackson Kyle Crisman, a student at Auburn University in Auburn,
Alabama majoring in Finance, from Stone Mountain, Georgia;
-- Evan Wayne Bohammom, a junior at Auburn University in Montgomery,
Alabama majoring in Accounting, from Camden, Alabama;
-- Jeffrey Spencer Stephens, a senior at Samford University in
Birmingham, Alabama majoring in Management, from Memphis, Tennessee;
-- Marsha P. James, a graduate student at The University of Alabama in
Tuscaloosa, Alabama majoring in Finance, from Jackson, Mississippi;
-- Daniel Gallegly, a senior at The University of Alabama at Birmingham
majoring in Finance and Marketing, from Pell City, Alabama;
-- Ashley Weirsten, a senior at The University of Central Florida in
Orlando, Florida majoring in Marketing, from Orlando, Florida;
-- Nicholas Kastanias, a graduate student at The University of Florida in
Orlando, Florida majoring in Real Estate and Urban Analysis, from West
Palm Beach, Florida;
-- Dennis Sabo, a graduate student at The University of Georgia in
Athens, Georgia seeking a Master's Degree in Business Administration,
from Atlanta, Georgia;
-- Ninalee Rosada Brownell, a junior at The University of West Florida in
Pensacola, Florida majoring in Finance from Pace, Florida.
Under the apartment scholarship program, Colonial Properties Trust grants
use of the apartment for one year -- a value of approximately $9,000.
Scholarships were awarded to business students based upon merit who are
majoring in business-related fields of study.
"The officers and trustees of the Colonial Properties Trust take great
pride in supporting these deserving young men and women," stated Howard B.
Nelson, Jr., and Chief Financial Officer of Colonial Properties Trust. "After
the expenses of tuition, books and school supplies, housing costs are the next
largest expense for a college student and their family. Our scholarship
program, now its eighth year, not only offers students a good study
environment, but also allows the students to keep their focus on their
academics."
"The scholarships provided by Colonial Properties open doors to
opportunity for students that would otherwise not exist in these difficult
economic times," stated Barry Mason, Dean of the school of Commerce and
Business Administration, University of Alabama. "The model of corporate
philanthropy they have developed in their key markets is remarkably creative."
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 $2.8 billion. The cornerstone of Colonial Properties'
success is its live, work and shop diversified investment strategy. The
Company manages or leases 19,500 apartment units, 6.5 million square feet of
office space and 15.6 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
Photo Notes:
NewsCom:
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AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Sandra Lee Robertson, Senior Vice President -
Finance, +1-205-250-8788, or Linda S. Geiss, Vice President -
Community Affairs, +1-205-250-8768
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