Colonial Properties Trust

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Integration Pain: REITs Fare Differently in High-Profile Acquisitions

Over the past years, three major apartment companies were absorbed by bigger operators. So far, the success of these integrations have varied. More

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MAA and Colonial: A Tale of Two REITs MAA and Colonial: A Tale of Two REITs

While these neighborly REITs began life with similar footprints and trajectories, they took very different paths in the years ahead. And today, one owns the other, combining to form the industry’s second-largest REIT, eclipsed only by Equity Residential. More

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Top 10 Apartment REITs

After acquiring about 60 percent of the Lehman Brothers’ Archstone portfolio, Equity Residential is estimated to have about $36.2 billion in assets, according to a list compiled by Green Street Advisors. More

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Colonial Pushes Rents Above LRO

For the second time this year, Birmingham, Ala.-based REIT Colonial Properties Trust is pushing rents above levels suggested by its lease revenue optimization (LRO) system. More

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Fitch Downgrades Colonial, AIMCO

In the past week, New York-based Fitch Ratings has downgraded Denver-based AIMCO and Birmingham, Ala.-based Colonial Properties Trust. The two REITs are saddled with debt levels of about 80 percent, which makes them the two most highly leveraged REITs in the apartment space, according to Green Street Advisors, a Newport Beach, Calif.-based firm that tracks public real estate companies. Fitch downgraded Denver based AIMCO from BBB- to BB+ issuer default rating, essentially dropping it to junk bond status. Last fall, it had moved the company’s outlook to negative. The main issue: AIMCO’s only having less than 10 percent of its assets with unencumbered debt. Its stock has dropped more than 30 percent this year. More

Colonial, Lane Decide to Bring Back Founding Chiefs
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Colonial, Lane Decide to Bring Back Founding Chiefs

Faced with debt-heavy balance sheets, Colonial Properties Trust and Lane Co. bring... More

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