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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. )*
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Colonial Realty Limited Partnership
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(Name of Issuer)
Class A Units of Limited Partnership Interest
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(Title of Class of Securities)
Not Applicable
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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SCHEDULE 13G
CUSIP No. Not Applicable Page 2 of 5 Pages
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(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Thomas H. Lowder
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States of America
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Number of Shares (5) Sole Voting Power
Beneficially 538,406 Class A Units of Limited Partnership
Owned by Interest ("Units")
Each Reporting --------------------------------------------------
Person With: (6) Shared Voting Power
2,369,895 Units
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(7) Sole Dispositive Power
538,406 Units
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(8) Shared Dispositive Power
2,369,895 Units
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,908,301 Units
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
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(11) Percent of Class Represented by Amount in Row (9)
7.9%
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(12) Type of Reporting Person (See Instructions)
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
CUSIP No. Not Applicable Page 3 of 5 Pages
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ITEM 1.(a) Name of Issuer:
COLONIAL REALTY LIMITED PARTNERSHIP
ITEM 1.(b) Address of Issuer's Principal Executive Offices
Colonial Plaza, Suite 750
2101 Sixth Avenue North
Birmingham, Alabama 35203
ITEM 2.(a) Name of Person Filing
Thomas H. Lowder
ITEM 2.(b) Address of Principal Business Office or, if none, Residence
Colonial Plaza, Suite 750
2101 Sixth Avenue North
Birmingham, Alabama 35203
ITEM 2.(c) Citizenship
United States of America
ITEM 2.(d) Title of Class of Securities
Class A. Units of Limited Partnership Interest
ITEM 2.(e) CUSIP Number
Not Applicable
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) / / Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
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SCHEDULE 13G
CUSIP No. Not Applicable Page 4 of 5 Pages
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(f) / / An employee benefit plan or endowment fund in accordance
with section 240.13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance
with section 240.13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) / / A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) / / Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: 2,908,301 Units
(b) Percent of class: 7.9%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 538,406 Units
(ii) Shared power to vote or to direct the vote 2,369,895 Units
(iii) Sole power to dispose or to direct the disposition of
538,406 Units
(iv) Shared power to dispose or to direct the disposition of
2,369,895 Units
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY / /
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SCHEDULE 13G
CUSIP No. Not Applicable Page 5 of 5 Pages
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Thomas H. Lowder beneficially owns 2,908,301 Units: (a) 538,211
Units owned directly; (b) 1,356,919 Units owned by Colonial
Commercial Investments, Inc., a corporation owned equally by
Thomas H. Lowder and James K. Lowder; (b) 1,012,976 Units owned by
Equity Partners Joint Venture, a joint venture of which Thomas H.
Lowder, James K. Lowder and Robert E. Lowder are the sole general
beneficial owners through their interests in certain other
entities, and for which Thomas H. Lowder acts as managing agent,
and (c) 195 Units held in trust for the benefit of Thomas H.
Lowder's children.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 8, 1999
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Date
/s/ Thomas H. Lowder
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Signature
Thomas H. Lowder
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Name/Title
