Capital Structure of CRLP (Colonial Realty Limited Partnership)

6 Months Ended

Jun. 30, 2012

Colonial Realty Limited Partnership

Equity

Equity [Text Block]

Capital Structure of CRLP

Issuances of Common Units

Pursuant to the CRLP partnership agreement, each time the Trust issues common shares, CRLP issues to the Trust an equal number of units for the same price at which the common shares were sold. As described in Note 7 - "Equity of the Trust", during the six months endedJune 30, 2011, the Trust issued 8,061,591 common shares, generating proceeds of approximately $156.5 million, net of underwriting discounts, at an average price of $19.76 per share, under two separate continuous "at-the-market" equity offering programs. Accordingly, CRLP issued 8,061,591 common units, at a weighted average issue price of $19.76 per unit, to the Trust during the six months endedJune 30, 2011.