Colonial Properties Trust and Resite Information Technology Launch Redesigned colonialprop.com Website.

BIRMINGHAM, Ala. -- Colonial Properties Trust (NYSE: CLP) announced today the launch of a redesigned corporate website. The new website is designed to efficiently meet the needs of today's apartment residents, commercial customers, investors and employees. Resite Information Technology was selected to design and host the trend-setting website.

"The new website introduces a new look for Colonial Properties Trust and presents an exciting online image. It offers a superior user experience for all our core constituents," said Reynolds Thompson, the company's chief executive officer. "The unique user experience sets us apart from our peers in this increasingly competitive market," he added. Brad Wisler, Chief Executive Officer of Resite Information Technology, said, "The depth of information and functionality this site provides will meet the growing expectations of the internet savvy customer. A few of the leading edge features incorporated in the new website include: dynamic map-based search capabilities, dynamic property level content and access to customer specific web portals. We are excited to be a part of this launch and we look forward to future innovation with Colonial Properties."

Resite developed an advanced integrated environment with Colonial Properties Trust's existing technology partners for its multifamily and commercial businesses, investor relations and human resource management creating a seamless online environment for end users. The dynamic website utilizes Resite's CommunityWare(sm) content management system and integration platform. CommunityWare(sm) provides Colonial Properties Trust's team members with access controls and real-time editing capabilities for corporate and property content.

The redesigned website can be seen at www.colonialprop.com.

About Colonial Properties Trust

Colonial Properties Trust is a multifamily focused real estate investment trust (REIT) which leverages its diversified history to create additional value for its shareholders by managing commercial assets through joint venture investments and aggressively pursuing development opportunities. As of December 31, 2006 the company owns or manages 39,104 apartment units, 17.6 million square feet of office space and 12.1 million square feet of retail shopping space located in key Sunbelt states spanning 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, visit www.colonialprop.com.

About Resite Information Technology

Resite Information Technology provides web-based renter acquisition and resident servicing applications for the multifamily industry. Formed in 2001, Resite Information Technology delivers the industry's leading resident portal technology, and online marketing and leasing solutions to assist owners and managers in meeting resident demand for online transactions and communication. Visit Resite Information Technology at www.ResiteIT.com.

Colonial Properties Trust is a multifamily focused real estate investment trust (REIT) which leverages its diversified history to create additional value for its shareholders by managing commercial assets through joint venture investments and aggressively pursuing development opportunities. As of December 31, 2006 the company owns or manages 39,104 apartment units, 17.6 million square feet of office space and 12.1 million square feet of retail shopping space located in key Sunbelt states spanning 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, visit www.colonialprop.com.