BNET Industries

Market Cap:$756.5M
Last Fiscal Year Sales:$344.4M
  • Public
  • US
Dow Jones Description

Real Estate Investment Trust

President & CFO
Weston Andress
Number of Employees 1,166
Contact Information

2101 6th Ave N Ste 750

Birmingham, Alabama 35203-2775

www.colonialpro...

(205) 250-8700

NAICS Code : 525930

Recent Events

  • Dizengoff Invests in Colonial Promenade

    12/30/09 - New Investment - View Story

  • Colonial Properties Trust reports Q3 results

    10/29/09 - Financial Announcement - View Story

  • The man behind 2009's biggest bank bust

    10/12/09 - Financial Announcement - View Story

  • Colonial Properties Trust Reports Results for Second Quarter 2009

    7/23/09 - Financial Announcement - View Story

  • Colonial Properties reports slight loss

    4/24/09 - Financial Announcement - View Story

  • Colonial Properties Trust Reports Results for Fourth Quarter 2008

    2/03/09 - Financial Announcement - View Story

  • Colonial Properties exec Andress resigns

    1/06/09 - Mgmt. Change Leaving - Other - View Story

  • Colonial Rearranges Top Spots After CEO Resigns

    1/06/09 - Mgmt. Change Entering - CEO - View Story

  • Colonial Properties Trust Appoints Dana Hansen as Senior Vice President, Retail Leasing

    5/15/08 - Mgmt. Change Entering - Vice President - View Story

  • Colonial Properties Trust taps new COO

    2/01/08 - Mgmt. Change Entering - Operations - View Story

News & Analysis

colonial properties trust and finance - All News and Analysis

Decision Makers

Name (plus bio) Position
Weston Andress President & CFO
Bradley P. Sandidge Principal Accounting Officer & Executive Vice President, Accounting
Charles A. McGehee Executive Vice President, Mixed Use Dev
Jerry A. Brewer Executive Vice President, Finance
Robert A. Jackson Executive Vice President, Office Division
William Leitner Executive Vice President, Retail Division
Dana J. Hansen Senior Vice President, Retail Leasing
Edward T. Wright Senior Vice President, Multifamily Division
John L. Moss Senior Vice President, Retail
L. Moss Senior Vice President
O. Hardin Senior Vice President, Development
T. Wright Senior Vice President
Thomas E. Green Senior Vice President, Office Division
Thomas M. LaDow Senior Vice President, Office Division
Linda S. Geiss Vice President, Corp Affairs
Dion Fox Property Manager

Board of Directors

Name (plus bio) Position
John P. Rigrish Board of Directors
Paul Earle Board of Directors
Charles Light Board of Directors
Claude B. Nielsen Board of Directors
Claude B. Nielson Board of Directors
Harold W. Ripps Board of Directors
Herbert A. Meisler Board of Directors
James K. Lowder Board of Directors
John W. Spiegel Board of Directors
William M. Johnson Board of Directors

Organization Position Status
Colonial Properties Trust President & CFO Current
The University of North Carolina at Chapel Hill Master of Business Administration Former
The University of North Carolina Master of Business Administration Former

John P. Rigrish has been our Chief Administrative Officer since August 1998, and is responsible for the supervision of Corporate Governance, Information Technology, Human Resources and Employee Services. Prior to joining the Company, Mr. Rigrish worked for BellSouth Corporation in Corporate Administration and Services. Mr. Rigrish holds a Bachelor degree from Samford University and did his postgraduate study at Birmingham-Southern College. He served on the Edward Lee Norton Board of Advisors for Management and Professional Education at Birmingham-Southern College and the Board of Directors of Senior Citizens, Inc. in Nashville, Tennessee. He currently serves as the Chairman of the Board of the American Red Cross Board of Directors-Alabama Chapter, City of Hoover Veteran’s Committee and John Carroll Educational Foundation Board of Directors.

Organization Position Status
Colonial Properties Trust Chief Admin Officer Current
Colonial Properties Trust Board of Directors Current
BellSouth Corporation Former
Colonial Properties Former
Senior Citizens, Inc. Board of Directors Former
Samford University Bachelor of Science degree Former
Birmingham-Southern College postgraduate study Former

Paul F. Earle, has been our Chief Operating Officer since December 2007 and is responsible for Multifamily, Office and Retail operations along with Residential For-Sale activities and Human Resources and Information Technology, which are part of the Corporate Infrastructure. Prior to his appointment as Chief Operating Officer, Mr. Earle was Executive Vice President-Multifamily Division since May 1997, and was responsible for management of all multifamily properties we owned and/or managed. He joined us in 1991 and has served as Vice President – Acquisitions, as well as Senior Vice President – Multifamily Division. Mr. Earle is past Chairman of the Alabama Multifamily Council and is an active member of the National Apartment Association. He also is a board member and is on the Executive Committee of the National Multifamily Housing Council. He is past President and former Board member of Big Brothers/Big Sisters. Before joining us, Mr. Earle was the President and Chief Operating Officer of American Residential Management, Inc., Executive Vice President of Great Atlantic Management, Inc. and Senior Vice President of Balcor Property Management, Inc.

Organization Position Status
Colonial Properties Trust COO Current
Colonial Properties Trust Board of Directors Current
Big Brothers Big Sisters President Former
The Great Atlantic Property Management Company Executive Vice President Former
Colonial Properties Trust Executive Vice President, Multifamily Division Former
Big Brothers Big Sisters Board Member Former

Bradley P. Sandidge has been our Executive Vice President, Accounting, since November 2008 and is responsible for all accounting operations of the Company to include Internal Control functions, compliance with generally accepted accounting principles, SEC reporting, regulatory agency compliance, and reporting and management reporting. Mr. Sandidge previously served as Senior Vice President, Multifamily Accounting and Finance, since joining the Company in 2004, in which he was responsible for overseeing the accounting operations of all the Company's multifamily holdings. Mr. Sandidge is a Certified Public Accountant (CPA) with over 14 years of real estate experience. Mr. Sandidge came to Colonial Properties Trust from Archon Group, L.P. / Goldman Sachs where he served as Tax Manager for their North American and Asian portfolios and Deloitte & Touche LLP where he focused in their tax real estate practice. He is a graduate of the University of Alabama with a Bachelor's and Master's degree in Accounting.

Organization Position Status
Colonial Properties Trust Principal Accounting Officer & Executive Vice President, Accounting Current
The University of Alabama Master's Degree In Accounting Former
The University of Alabama Bachelor's Former

Organization Position Status
Colonial Properties Trust Executive Vice President, Mixed Use Dev Current
Colonial Properties Trust Board of Directors Current
Auburn University Bachelor of Science Degree Former

Organization Position Status
Colonial Properties Trust Executive Vice President, Finance Current
Colonial Properties Trust Senior Vice President, Corp Treasury Former
Colonial Properties Trust Corporate Treasury Former
The University of Alabama at Birmingham Masters of Business Administration Former
The University of Alabama at Birmingham Bachelor of Science Degree In Accounting Former

Bo Jackson joined Colonial Properties Trust in 1997. Under his leadership, the office portfolio has grown from 4 to 16 million square feet and maintains one of the industry's leading client-retention rates. He conceived The High-Performance Workplace. These innovative workplaces increase workforce productivity and provide corporate clients a competitive advantage to recruit and retain their human capital. Prior to joining Colonial Properties, Jackson was involved in several signature office properties in Atlanta, including Concourse, One Ninety One Peachtree Tower and Perimeter Center. He has developed, leased or managed more than 25 million square feet of urban and suburban development in the Southeast. Under his leadership, Colonial Properties developed the mixed-use Colonial TownPark in Orlando, Florida, which contributed to Colonial Properties Trust being named Developer of the Year by the National Association of Industrial and Office Parks (NAIOP). Jackson resides in Milton with his wife Lauren and two children. The Jacksons are founders of The Legacy Lacrosse Cup, the annual high school lacrosse event founded in honor of their son, Parker Jackson, who left a significant legacy despite dying at age 16. Jackson is a member of North Point Community Church. He holds a Bachelor of Science degree in Business Administration from the University of Delaware.

Organization Position Status
Colonial Properties Trust Executive Vice President, Office Division Current
Colonial Properties Trust Board of Directors Current
North Point Community Church Board of Directors Current
University of Delaware Bachelor of Science Degree In Business Administration Former

Organization Position Status
Colonial Properties Trust Executive Vice President, Retail Division Current

Organization Position Status
Colonial Properties Trust Senior Vice President, Retail Leasing Current

Edward T. Wright holds responsibility for management of all multifamily and office development by the Company. Ed also serves as President of Colonial Construction Services, a subsidiary company of Colonial Properties Trust. Since joining the Company in July, 1997, Wright has overseen the development of 27 Multifamily properties with 17 properties currently in Predevelopment, Development or Under Construction. Ed currently serves as an Executive Committee member of the National Multifamily Housing Council. Ed attended Auburn University where he earned a Bachelor of Science Degree in Building Science.

Organization Position Status
Colonial Properties Trust Senior Vice President, Multifamily Division Current
Perl Debugged Current
University of Louisville Master of Science In Physics Former
Auburn University Bachelor of Science In Mathematics Former

Organization Position Status
Colonial Properties Trust Senior Vice President, Retail Current

Organization Position Status
Colonial Properties Trust Senior Vice President Current

Organization Position Status
Colonial Properties Trust Senior Vice President, Development Current

Organization Position Status
Colonial Properties Trust Senior Vice President Current

Organization Position Status
Colonial Properties Trust Senior Vice President, Office Division Current
American Community Properties Trust Founder Current
Florida Chapter Board of Directors Current
American Community Properties Trust Board of Directors Current
Colonial Properties Trust Florida Market Officer Former

Organization Position Status
Colonial Properties Trust Senior Vice President, Office Division Current

Organization Position Status
Colonial Properties Trust Vice President, Corp Affairs Current

Organization Position Status
Greater Birmingham Apartment Association Co President Current
Colonial Properties Trust Property Manager Current
Greater Birmingham Apartment Association Board of Directors Current
The University of Alabama Former

Organization Position Status
Colonial Properties Trust Board of Directors Current
Colonial Properties Trust Executive Vice President, Retail Division Former

Organization Position Status
Colonial Properties Trust Board of Directors Current
Colonial Properties Trust Chair, Compensation Committee Former

Organization Position Status
Colonial Properties Trust Board of Directors Current

Harold W. Ripps, 67, has been a trustee since 1995. Since 1969, he has been chief executive officer of The Rime Companies, a real estate development, construction and management firm specializing in

Organization Position Status
Boyscouts.Com Board of Directors Current
Colonial Properties Trust Board of Directors Current

Herbert A. Meisler received a B.B.A. from the University of Texas in 1949. Since that time, he founded Consolidated Furniture Industries in Houston, Texas; served as President of the Southwestern Furniture Marketing Association; developed the Richmore Shopping Center in Pasadena, Texas; and developed Gulfway General Hospital in Houston, Texas and served as President. In 1964, Mr. Meisler moved to Mobile and managed Gulf Coast Jewelry and Specialty Company, a family owned catalog distributor of jewelry and small appliances. At the same time, Mr. Meisler began Rime Companies, an apartment construction and management company, which he still operates today. In 1966 he constructed and supervised the rental of three office buildings and a restaurant. A key figure in the Mobile civic community, Mr. Meisler's civic and philanthropic activities have earned him the respect and appreciation of the citizens of Alabama. These activities include: five different terms as President of the Mobile Jewish Welfare Fund; Vice President, Cancer Society; Vice President, Heart Foundation; Vice President, Alabama Eye Bank; President, University of South Alabama President's Club; and President, Alabama Apartment Council. In addition, Mr. Meisler endows scholarships at the University of Alabama, Birmingham and Birmingham Southern College. Mr. Meisler also endows a Chair of Judaic Studies at the University of Alabama, Tuscaloosa and a Chair of Surgery at the University of South Alabama. In addition, Mr. Meisler has served on the Boards of the following organizations: Central Bank of the South; Altus Bank; Colonial Properties Trust; Mobile Community Foundation; Providence Hospital Foundation; Better Business Bureau; and Boy Scouts of America. Mr. Meisler is a two-time recipient of the Mobile Jewish Community's "Man of the Year" award (1972, 1987) and was Alabama Eye and Tissue Bank's "Person of Vision" award in 1988. Mr. Meisler and his wife, Fanny, have five children and eight grandchildren.

Organization Position Status
Boy Scouts of America Current
The University of Alabama Chairman of Board Current
Mobile Airport Authority Treasurer Current
The Community Foundation Board of Directors Current
Colonial Properties Trust Board of Directors Current
University of South Alabama President Former
University of South Alabama Chairman Former
The University of Texas B.B.A. Former
Birmingham-Southern College Former

Organization Position Status
Colonial Company Chief Executive Officer Current
Southern Company Current
Colonial Insurance Agency, Inc. Chairman of The Board Current
Colonial Company Chairman Current
Lowder Construction Company, Inc. Chairman of The Board Current
Greater Montgomery Home Builders Association Board of Directors Current
Colonial Properties Trust Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
The Montgomery Ymca President of The Board Former
Children's Hospital Chairman Former
The American National Red Cross Chairman Former
The Community Foundation Board Member Former
Leadership Montgomery Board Member Former
The University of Alabama at Birmingham Doctorate Former
Birmingham-Southern College Doctorate Former
Auburn University Bachelor of Science Degree Former

Organization Position Status
World Trade Center of Atlanta Current
Bentley Pharmaceuticals, Inc. Chairman of the Nominating and Governance Committee Current
Credisphere Chairman of the Board Current
S1 Corporation Non-Executive Chairman Current
Rock-Tenn Company Chairman Current
Children's Healthcare Board of Directors Current
Colonial Properties Board Member Current
Colonial Properties Trust Board of Directors Current
Creative Growth Group, Inc. Board of Directors Current
CPEX Pharmaceuticals Inc. Director Current
Fsb Solutions Board of Directors Current
S1 Enterprise Board of Directors Current
Bank Administration Institute Board of Directors Current
HBMC Holdings LLC Board of Directors Current
S1 Corporation Board of Directors Current
The Advisory Council Board of Directors Current
HomeBanc Corp. Board of Directors Current
Children's Healthcare Trustee Current
The Advisory Council Member Current
Bentley Pharmaceuticals, Inc. Vice Chairman and Chief Financial Officer of Suntrust Banks, Inc. Former
SunTrust Banks, Inc. Chief Financial Officer Former
SunTrust Banks, Inc. Executive Vice President Former
High Museum of Art Former
Bank Administration Institute Chairman Former
Bentley Pharmaceuticals, Inc. Board of Directors Former
Rock-Tenn Company Board of Directors Former
SunTrust Banks, Inc. Vice Chairman Former
SunTrust Banks, Inc. Director Former
Emory University MBA Former
Wabash College Bachelor's Degree In Economics Former

William M. Johnson , 62, has been a trustee since 1997. From 1978 to 2003, Mr. Johnson was chief executive officer and founder of Johnson Development Company, a real estate development, construction and management firm in the Atlanta, Georgia area. Mr. Johnson directed the development, leasing and management of 1.2 million square feet of office, warehouse, retail and hotel space having a value in excess of $117 million, including seven office buildings and retail properties that we acquired from Mr. Johnson in 1997. Mr. Johnson is a member of the boards of trustees of Asbury Theological Seminary and The Mission Society. He also provides strategic consulting services in connection with ministry work in Kenya, Africa. Since 1999, Mr. Johnson has been chief executive officer and founder of a family foundation that provides financial assistance to 28 local, national and international ministries. Mr. Johnson is a member of the executive compensation committee and executive committee of the board of trustees.

Organization Position Status
Mission Society Board of Directors Current
Colonial Properties Trust Board of Directors Current
Asbury Theological Seminary Board of Directors Current
advertisement
     CLP $13.30 -0.43 (-3.13% )
Average Volume 584,215
Shares Outstanding 66.79M
Market Cap 888.3M
Year High 13.88
Year Low 3.54
Earnings Per Share -0.06
P/E Ratio -221.67
Dividend 0.60
Yield 4.51
advertisement