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[[Image:Colonial_Properties_Trust.jpg|right|250px]]
[[Image:Colonial_Properties_Trust.jpg|right|250px]]
'''Colonial Properties Trust''' (NYSE: CLP) was a multifamily focused real estate investment trust (REIT). Colonial developed, managed, and leased retail, office and multi-family properties. It was headed by CEO [[Thomas Lowder]] and its offices were located in [[Colonial Plaza]], 2101 [[6th Avenue North]] at the corner of [[Richard Arrington Jr Boulevard North]].
'''Colonial Properties Trust''' (NYSE: CLP) was a multifamily focused real estate investment trust (REIT). Colonial developed, managed, and leased retail, office and multi-family properties.


== History ==
The company was founded in [[1970]] in Montgomery and later moved its headquarters to the [[Colonial Plaza]] at 2101 [[6th Avenue North]].
Founded in [[1970]] in Montgomery, the company later moved its headquarters to [[Birmingham]].  The company went public in September [[1993]]. As of [[December 31]], [[2006]] the company owned or managed 39,104 apartment units, 17.6 million square feet of office space and 12.1 million square feet of retail shopping space located in Sunbelt states spanning Virginia to Nevada.


In [[2013]] Colonial Properties merged with Mid-America Apartment Communities Inc. of Memphis, Tennessee. MAA consolidated administrative offices in Memphis and began selling off retail properties to maintain focus on its multi-family residential portfolio.
By the end of [[2006]] the company owned or managed 39,104 apartment units, 17.6 million square feet of office space and 12.1 million square feet of retail shopping space across the South and Southwest, from Virginia to Nevada. In [[2007]] the company consolidated its offices at the newly-constructed [[Brookwood Office Center|Colonial Center]] office building at [[Brookwood Village]].


==[[Birmingham District]] retail projects==
In [[2013]] Colonial Properties merged with Mid-America Apartment Communities Inc. of Germantown, Tennessee.
*'''[[Alabaster]]'''
**[[Colonial Promenade Alabaster]]


*'''[[Bessemer]]'''
MAA consolidated its administrative offices in Memphis and began selling off retail properties to maintain focus on its multi-family residential portfolio.
**[[Colonial Promenade Tannehill]]


*'''[[Birmingham]]'''
==[[Birmingham District]] retail projects==
**Colonial Shoppes Colonnade
* [[Colonial Promenade Alabaster]]
 
* [[Promenade Tannehill|Colonial Promenade Tannehill]] (sold 2013)
*'''[[Fultondale]]'''
* [[Colonnade|Colonial Shoppes Colonnade]]
**[[Colonial Promenade Fultondale]]
* [[Colonial Promenade Fultondale]]
 
* [[Brookwood Village|Colonial Brookwood Village]] (sold 2014)
*'''[[Homewood]]'''
* [[Colonial Promenade at Hoover]]
**Colonial [[Brookwood Village]]
* [[Hoover Commons Shopping Center]]
* [[Colonial Pinnacle at Tutwiler Farm]]
* [[Colonial Promenade at Trussville]]
* [[Colonial Promenade Tutwiler Farm]]
* [[Colonial Shoppes Clay]]


*'''[[Hoover]]'''
==[[Birmingham District]] apartment complexes==
**[[Colonial Promenade at Hoover]]
* [[Colonial Village at Trussville]] (built 1996)
**[[Hoover Commons Shopping Center]]


*'''[[Trussville]]'''
**[[Colonial Pinnacle at Tutwiler Farm]]
**[[Colonial Promenade at Trussville]]
**[[Colonial Promenade Tutwiler Farm]]
**Colonial Shoppes Clay
{{stub}}
== References ==
== References ==
* Carl Cronan (February 4, 2005)  "Colonial expansion: REIT snaps up coveted Westshore buildings."  ''Tampa Bay Business Journal''.
* Carl Cronan (February 4, 2005)  "Colonial expansion: REIT snaps up coveted Westshore buildings."  ''Tampa Bay Business Journal''.
Line 39: Line 31:
* Walsh, Alex (June 3, 2013) "Colonial Properties Trust merges with MAA, and Birmingham loses another public company." {{BN}}
* Walsh, Alex (June 3, 2013) "Colonial Properties Trust merges with MAA, and Birmingham loses another public company." {{BN}}


==External Links==
[[Category:Colonial Properties developments|*]]
* [http://www.colonialprop.com/ Colonial Properties Trust] website
 
[[Category:Developers]]
[[Category:Developers]]
[[Category:Real estate firms]]
[[Category:Real estate firms]]
[[Category:6th Avenue North]]
[[Category:2101 6th Avenue]]
[[Category:21st Street North]]
[[Category:1970 establishments]]
[[Category:1970 establishments]]
[[Category:2013 disestablishments]]
[[Category:2013 disestablishments]]

Latest revision as of 12:31, 22 May 2023

Colonial Properties Trust.jpg

Colonial Properties Trust (NYSE: CLP) was a multifamily focused real estate investment trust (REIT). Colonial developed, managed, and leased retail, office and multi-family properties.

The company was founded in 1970 in Montgomery and later moved its headquarters to the Colonial Plaza at 2101 6th Avenue North.

By the end of 2006 the company owned or managed 39,104 apartment units, 17.6 million square feet of office space and 12.1 million square feet of retail shopping space across the South and Southwest, from Virginia to Nevada. In 2007 the company consolidated its offices at the newly-constructed Colonial Center office building at Brookwood Village.

In 2013 Colonial Properties merged with Mid-America Apartment Communities Inc. of Germantown, Tennessee.

MAA consolidated its administrative offices in Memphis and began selling off retail properties to maintain focus on its multi-family residential portfolio.

Birmingham District retail projects

Birmingham District apartment complexes

References

  • Carl Cronan (February 4, 2005) "Colonial expansion: REIT snaps up coveted Westshore buildings." Tampa Bay Business Journal.
  • "Colonial Properties"(June 7, 2007) - Wikipedia - accessed June 15, 2007
  • Walsh, Alex (June 3, 2013) "Colonial Properties Trust merges with MAA, and Birmingham loses another public company." The Birmingham News
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