Corporate Profile for Colonial Properties Trust dated Feb. 14, 1997.

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services.

These include Dow Jones News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-

Published Date:   February 14, 1997

Company Name:     Colonial Properties Trust

Address:          2101 Sixth Ave. North, Suite 750
                  Birmingham, Ala. 35203

Main Telephone
 Number:          205/250-8700

Chief Executive
 Officer:         Thomas H. Lowder

Chief Financial
 Officer:         Douglas B. Nunnelley

Investor Relations
 Contact:         Robert L. Reynolds
 Business number: 205/250-8827
 Home number:     205/678-7731
 e-mail address:  N/A

Public Relations
 Contact:         Robert L. Reynolds
 Business number: 205/250-8827
 Home number:     205/678-7731
 e-mail address:  N/A

URL Address:      http://www.colonialprop.com

Trading Symbol:   NYSE: CLP

Industry:         Real Estate

Company description: Colonial Properties Trust is the largest diversified real estate investment trust (REIT) in the United States with a total market capitalization of $1.3 billion. The company develops, owns and operates multifamily, retail and office properties in the Southeast. A self-administered and self-managed REIT, the company is a fully integrated, diversified real estate company whose activities include development of new properties, acquisition of existing properties, build to suit development, and the provision of management, leasing and brokerage services for income producing real estate.

Colonial has three distinct operating divisions: multifamily, retail and office, that are responsible for their own development, acquisition, management and leasing activities. The company operates mostly in mid-sized cities in Alabama, Georgia, Florida and South Carolina. Its portfolio currently consists of 40 multifamily apartment communities containing 13,617 units, 21 retail properties totaling 5.6 million square feet of leasable area and 11 office properties with over 1.3 million square feet of leasable area.

The company's common shares are listed on the New York Stock Exchange, trading under the symbol CLP.

CLP Summary Information

1996 Revenues: $134,881,000 1996 Funds From Operations (FFO): $62,999,000 1996 FFO per share: $2.45 1996 Stock High: $30.375 1996 Stock Low: $22.00 1996 Net income: $27,506,000 1996 Net income per share: $1.58

CONTACT: Colonial Properties Trust