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14A
LAUGUST27. 1008 _ AUGUSTAFOCUS
Colonial Properties Trust buys first Augusta property
BIRMINGHAM, Ala.
Colonial Properties Trust (NYSE
CLP), oneof the largest diversified
real estate investment trusts
(REITs) in the United States, has
entered the Augusta, Ga. multi
family housing market with the
acquisition of In the Pines Apart
ments. Colonial purchased the
property for SB.B million at a capi
talization rate of 11.5 percent based
on in placeincome, funded through
Colonial’s line of credit from
Cheslock-Bakker of Stamford,
Conn. The apartments will be re
a'nmed Colonial Village at Walton
ay.
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No matter how intelligent or
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dress how your image affects your
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The current occupancy rate is
98 percent for the property which
was built in two phases in 1980
and 1988.
In the Pines is located in the
prestigious west Augusta
submarket, near the Bobby Jones
Expressway and I-20 within a
quarter-mile of a new 800,000-
square foot retail power center
featuring national tenants such
as Target, Circuit City, Michaels
and Sports Authority. Within a
mile of the property are some of
thé most upscale residential ar
eas in Augusta.
“The Augusta market has a
future; what people see when they
see you coming; how to make effec
tive first impressions; and how to
provide excellent personal service.
As a trainer and speaker in the
fields of business image, relation
ships, success skills, business pro
tocol, presentation speaking, and
other forms of communication. Ms.
duPont has achieved international
fame. She is the owner of Commu
nication Connection, an Atlanta
company specializing in the design
and presentation of communica
tion programs.
strong economic forecast with job
growth projected to double the
:ationnlu:rmtordfiu its size
next two years,” said
P::lngub, executive vice presi
dent of multifamily for Colonial.
“More than 1,800 new jobs will be
added in the near future based on
major recent announcements by
Bridgestone, AT&T, Kwik-setand
Fisher-Price, among others.”
Headquartered in Birmingham,
Ala., Colonial W Trust is
a diversified REIT that, through
its subsidiaries, owns a portfolio
of 101 multifamily, retail and of
fice propertiesin Alabama, Florida,
She has written several bookson
communication topics including
Handling Diversity in the Work
place: Communication is the Key,
Business Etiquette and Profession
alism, and Don't Let Your Parti
ciples Dangle in Public. She has
also contributed to numerous pub
lications and to the anthology The
Great Communicators.
Ms. duPont has received numer
ous awards for presentations in
cluding fourth place in the World
Championship of Public Speaking,
the Georgia and the Southeastern
Locok for the CSRA Classic 1998,
“The Clash of the Titans.”
: Morris Brown Wolverines vs.
Morehouse Maroon Tigers
on Saturday, October 24, 1998,
Butler Stadium, 2 p.m.
Other Classic events running Oct. 22nd
through the 25th. Stay tuned for more details
here in the Augusta Focus!
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Ask for Darlene, Sherri, Celia or Frank
Offer valid through December 31, 1998
, North Caro
mm Tennessee,
Texasand Virginia. Colonial Prop
erties performs development, ac
quisition, management, leasing
and brokerage services for its port
folbnndm‘owmdhythifll
parties. Propertiesisone
ofthe largest diversified REITs in
the United States with a total
market capitalization of $2 bil
lion. The company’s real estate
holdings include morethan 14,900
apartment units, 11.7 million
square feet of retail shopping space
and 2.7 million square feet of office
space.
Championships of Public Speak
ing, the Georgia and Southeastern
Speech Evaluation Competitions,
the Toastmasters’ Area Governors’
Humorous Speech Contest, and
the Top Speaker Award of the In
ternational Platform Association.
She is a member of the Georgia
and National Speakers Associa
tions, the National Association of
Female Executives, the American
Society for Training and Develop
ment, and Habitat for Humanity-
DeKalb, Interim Personnel, Enter
prise Rent-A-Car, and Powertel.
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"He
Ic,
WACHOVIA
7 LSeired.
WACHOVIA MORTGAGE
Q Wachovia Mortgage Company
Wachovis Mortgage is an equal housing lender. Subject to credit approval and acceptable collateral
S BT AL sR o se S S s TB e L L L R
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