Lee & Associates Transacts a $40.9 Million Multifamily Sale for Colonial Properties...

Lee & Associates Transacts a $40.9 Million Multifamily Sale for Colonial Properties Trust

Torrance, CA – May 11, 2011 – (RealEstateRama) — In the first Class A multifamily transaction to take place in Las Vegas in at least 36 months, Birmingham, Ala.-based REIT, Colonial Properties Trust (NYSE: CLP), acquired a 341-unit apartment community for $40,900,000, according to Jim Fisher, a Principal with Lee & Associates-LA North/Ventura, Inc and Stephen Peters, a Principal with Lee & Associates-Investment Services Group, who represented the buyer in the transaction.

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Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.

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