Colonial Properties Trust Announces Date of Second Quarter 2007 Conference Call.

BIRMINGHAM, Ala. -- Colonial Properties Trust (NYSE: CLP) today announced that its second quarter 2007 earnings will be released before the market opens on Thursday, July 26, 2007. The company will host a teleconference at 1:00 p.m. Central Time on Thursday July 26, 2007. Colonial Properties Trust executives will lead the call and answer questions. To participate in the conference call, please dial in to the following:

Teleconference #: 1-877-500-9123
International #: 1-706-643-7652
ID #: 9973394
Date: Thursday, July 26, 2007
Time: 1:00 p.m. Central Time (2:00 p.m. Eastern Time)
Leader Name: Jerry Brewer

The teleconference is not expected to exceed one hour. Access the listen-only call via the Internet at www.colonialprop.com under Investors, General Information, Investors Calendar. A recording of the call will be available for seven days after the live event. To access the recording from the United States, please dial 1-800-642-1687 and enter Conference ID 9973394. For international access to the recording, please dial 1-706-645-9291 and enter Conference ID 9973394.

Colonial Properties Trust is a multifamily-focused real estate investment trust (REIT) that creates additional value for its shareholders by managing commercial assets through joint venture partnerships and aggressively pursuing development opportunities. As of March 31, 2007, the company owned or managed 40,162 apartment units, 16.8 million square feet of office space and 12.3 million square feet of retail shopping space located in key Sunbelt states from Virginia to California. Headquartered in Birmingham, Ala., Colonial Properties Trust is listed on the New York Stock Exchange under the symbol CLP and is included in the S&P SmallCap 600 Index. For more information, please visit the company's website at www.colonialprop.com.