Pricing Supplement dated August 4, 1999 Rule 424(b)(3)
(To Prospectus dated January 8, 1998) File No. 333-42049
COLONIAL REALTY LIMITED PARTNERSHIP
Medium-Term Notes - Fixed Rate
CUSIP No. 195896 AG 0
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Aggregate Principal Amount: $25,000,000 Interest Rate: 8.19%
Agents Discount or Commission: .50% Stated Maturity Date: 8/9/04
Net Proceeds to Issuer $24,875,000 Original Issue Date: 8/9/99
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Interest Payment Dates: June 15 and December 15, commencing on December 15, 1999
Redemption:
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|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:
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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 holder of the Notes.
Option 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 |X| agent |_| principal
If as principal:
|_| The Notes are being offered at varying prices related to prevailing
market prices at the time of resale
|_| The Notes are being offered at a fixed initial public offering price
of ____% 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:
