Colonial Properties Trust Hosts Fourth Quarter 2006 Conference Call on January 30, 2007.

BIRMINGHAM, Ala. -- Colonial Properties Trust (NYSE: CLP), a real estate investment trust that owns a portfolio of multifamily, office and retail properties, announced today that its fourth quarter 2006 earnings will be released before the market opens on Tuesday, January 30, 2007.

The company will host a teleconference at 1:00 p.m. Central Time, Tuesday, January 30, 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 #: 4611903
Date: Tuesday, January 30, 2007
Time: 1:00 p.m. Central Time (2:00 p.m. Eastern Time)
Leader Name: Barbara Pooley

The teleconference is not expected to exceed one hour. Access the listen-only call via the Internet at www.colonialprop.com under Investor Relations: "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 4611903. For international access to the recording, please dial 1-706-645-9291 and enter Conference ID 4611903.

Colonial Properties Trust, through its subsidiaries, owns a portfolio of multifamily, office and retail properties throughout the Sunbelt. Colonial Properties Trust performs development, acquisition, management, leasing and brokerage services for its portfolio and properties owned by third parties. The company has a total market capitalization of approximately $5.6 billion. As of September 30, the company owned or managed 46,125 apartment units, 17.7 million square feet of office space and 12.1 million square feet of retail shopping space. 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, visit www.colonialprop.com.