<PAGE>
Pricing Supplement dated January 14, 1997 Rule 424(b)(3)
(To Prospectus dated December 6, 1996 and File No. 333-14401
Prospectus Supplement dated December 6, 1996)
COLONIAL REALTY LIMITED PARTNERSHIP
MEDIUM-TERM NOTES-FIXED RATE
CUSIP NO. 195896 AB 1
- --------------------------------------------------------------------------------
AGGREGATE PRINCIPAL AMOUNT: $50,000,000 INTEREST RATE: 7.16%
AGENTS DISCOUNT OR COMMISSION: .55% STATED MATURITY DATE: 1/17/03
NET PROCEEDS TO ISSUER $49,725,000 ORIGINAL ISSUE DATE: 1/17/97
- --------------------------------------------------------------------------------
Interest Payment Dates: June 15 and December 15, commencing on June 15, 1997
Redemption:
[x] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: % until Redemption Percentage is
---
100% of the principal amount
Optional Repayment:
[x] The Notes cannot be repaid prior to the Stated Maturity Date
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option of
the Notes.
Optional Repayment Dates:
Repayment Price: %
---
Currency:
Specified Currency: U.S. Dollars
(If other than U.S. dollars, see attached)
Minimum Denominations: $1,000
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount: [ ] Yes [x] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [x] Book-Entry [ ] Certificated
Principal Amount offered to or through each agent,
$12,500,000 Merrill Lynch & Co., acting as [x] agent [ ] principal
- -----------
$12,500,000 Lehman Brothers Inc., acting as [ ] agent [x] principal
- -----------
$12,500,000 J.P. Morgan & Co., acting as [x] agent [ ] principal
- -----------
$12,500,000 UBS Securities LLC, acting as [x] agent [ ] principal
- -----------
If as principal:
[ ] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale
[x] The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
---
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of Principal Amount.
Other Provisions:
