Lowder: Balance sheet in great shape

03/4/2010 | REIT.com

Colonial Properties Trust delivered its balance sheet by some 500 basis points last year, says Tom Lowder, chairman and CEO of the company. The REIT raised more than $150 million in new equity and sold more than $100 million in noncore properties to refinance debt. It also simplified its business model to focus on multifamily, he adds. "Investors have responded positively to the changes we have made," he concludes.

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