UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): January 28, 2010

COLONIAL PROPERTIES TRUST

(Exact name of registrant as specified in its charter)

Alabama	1-12358	59-7007599
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

COLONIAL REALTY LIMITED PARTNERSHIP

(Exact name of registrant as specified in its charter)

Delaware	0-20707	63-1098468
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

2101 Sixth Avenue North, Suite 750, Birmingham, Alabama 35202
(Address of principal executive offices) (Zip Code)

(205) 250-8700
(Registrant’s telephone number, including area code)

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Table of Contents

Item 2.02, Item 7.01	Results of Operations and Financial Condition; Regulation FD Disclosure
Item 9.01	Financial Statements and Exhibits
	Signatures
	Exhibit Index

Item 2.02, Item 7.01 Results of Operations and Financial Conditions; Regulation FD Disclosure

On January 28, 2010, Colonial Properties Trust (the “Company”) announced its financial results for the fourth quarter and year ended December 31, 2009. A copy of the Company’s earnings press release is furnished as Exhibit 99.1 to this report on Form 8-K. A copy of the Company’s Supplemental Financial Highlights for the fourth quarter and year ended December 31, 2009 is furnished as Exhibit 99.2 to this report on Form 8-K. The information contained in this report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specified otherwise.

* * *

The information included in this Current Report on Form 8-K under this Item 2.01/Item 7.01 (including Exhibits 99.1 and 99.2) shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company or the Operating Partnership under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

Exhibit No.	Description
99.1	Colonial Properties Trust 4th Quarter 2009 Earnings press release dated January 28, 2010.
99.2	Colonial Properties Trust Supplemental Financial Highlights for the fourth quarter and year ended December 31, 2009.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	COLONIAL PROPERTIES TRUST
Date: January 28, 2010	By:	/s/ C. Reynolds Thompson, III
		Name:	C. Reynolds Thompson, III
		Title:	Chief Financial Officer
	COLONIAL REALTY LIMITED PARTNERSHIP
	By:	Colonial Properties Trust, its general partner
Date: January 28, 2010	By:	/s/ C. Reynolds Thompson, III
		Name:	C. Reynolds Thompson, III
		Title:	Chief Financial Officer

EXHIBIT INDEX

Exhibit	Description
99.1	Colonial Properties Trust 4th Quarter 2009 Earnings press release dated January 28, 2010.
99.2	Colonial Properties Trust Supplemental Financial Highlights for the fourth quarter and year ended December 31, 2009.