|Colonial Properties Trust (the Trust) is a multifamily-focused self-administered equity real estate investment trust (REIT) that owns, operates and develops multifamily communities primarily located in the Sunbelt region of the United States. The Company operates in two segments: multifamily and commercial. As of December 31, 2011, the Company had four development projects under construction, three multifamily projects and one commercial project. In February 2013, it sold its Metropolitan Midtown, mixed-use project located in Charlotte, North Carolina. In March 2013, the Trust announced the purchase of the 280-unit Colonial Grand at Windermere located in Orlando, Florida. In May 2013, Colonial Properties Trust announced the disposition of its Three Ravinia Class A office asset in Atlanta, Georgia. In September 2013, the Company announced the disposition of its Colonial Promenade Tannehill retail asset in Birmingham, Alabama.