Colonial Properties Trust Announces Date of Third Quarter 2008 Conference Call.

BIRMINGHAM, Ala. -- Colonial Properties Trust (NYSE: CLP) today announced plans to issue its third quarter 2008 earnings before the market opens on Thursday, October 30, 2008, and will host a teleconference the same day at 1:00 p.m. CT. Colonial Properties Trust executives will lead the call and answer questions. To participate in the conference call, please dial in to the following:

Teleconference # 866-454-3510
International # 706-634-9354
ID # 39953280
Date: Thursday, October 30, 2008
Time: 1:00 p.m. Central Time (2:00 p.m. Eastern Time)
Leader Name: Jerry Brewer

A replay of the conference call will be available through November 6, 2008, by dialing 800-642-1687 from within the U.S. and entering the conference ID 39953280.

The live broadcast of Colonial Properties Trust's quarterly conference call will be available online, on a listen-only basis, at the Company's website, www.colonialprop.com under Investors, General Information, Investors Calendar. The online replay will follow shortly after the call and continue for approximately 90 days.

Colonial Properties Trust is a multifamily real estate investment trust (REIT) that creates additional value for its shareholders by managing commercial assets through joint venture investments and pursuing development opportunities. As of June 30, 2008, the company owned or managed 37,112 apartment units, 16.3 million square feet of office space and 8.1 million square feet of retail shopping space located in key Sunbelt states from Virginia to Nevada. Headquartered in Birmingham, Ala., Colonial Properties 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.