Colonial Properties Trust to Present at the Morgan Keegan 2006 Equity Conference.

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 it will participate in the Morgan Keegan 2006 Equity Conference scheduled Wednesday, September 6 through Friday, September 8 at The Peabody Hotel in Memphis, TN.

President and Chief Financial Officer, Weston Andress, will present an overview of the company followed by a question and answer session at 10:10 a.m. Eastern Time on Friday, September 8. The audio-webcast with slides can be accessed at http://www.wsw.com/webcast/mk13/clp/ under the investor relations link in the company's website, http://www.colonialprop.com. For those who are not able to listen to the live broadcast, a replay will be available on the company's website approximately one hour following the presentation.

Colonial Properties Trust, through its subsidiaries, owns a portfolio of multifamily, office and retail properties where you live, work and shop in 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 June 30, the company owns or manages 44,757 apartment units, 19.7 million square feet of office space and 11.9 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.