BIRMINGHAM, Ala., Nov. 3 (UPI) -- Colonial Properties Trust, an Alabama real estate investment trust, said Friday it bought five multifamily, office and retail properties.
The five properties, which cost a total of $171.1 million, are in Arizona, Georgia, Texas and North Carolina.
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Colonial Properties has a market capitalization of approximately $5.6 billion and owns or manages 46,125 apartment units, 17.7 million square feet of office space and 12.1 million square feet of retail shopping space.