SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                                                Commission File Number:  1-9496



                        BNP Residential Properties, Inc.
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             (Exact name of registrant as specified in its charter)

                        301 S. College Street, Suite 3850
                            Charlotte, NC 28202-6024
                            Telephone: (704) 944-0100
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       (Address, including zip code, and telephone number, including area
               code, of registrant's principal executive offices)

                     Common Stock, par value $0.01 per share
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            (Title of each class of securities covered by this Form)

                                      None
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       (Titles of all other classes of securities for which a duty to file
                 reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s)
relied upon to terminate or suspend the duty to file reports:

     Rule 12g-4(a)(1)(i)        [X]            Rule 12h-3(b)(1)(i)       [X]
     Rule 12g-4(a)(1)(ii)       [ ]            Rule 12h-3(b)(1)(ii)      [ ]
     Rule 12g-4(a)(2)(i)        [ ]            Rule 12h-3(b)(2)(i)       [ ]
     Rule 12g-4(a)(2)(ii)       [ ]            Rule 12h-3(b)(2)(ii)      [ ]
                                               Rule 15d-6                [ ]

Approximate number of holders of record as of the
  certification or notice date: 0

Pursuant to the requirements of the Securities Exchange Act of 1934, BNP
Residential Properties, Inc. has caused this certification/notice to be signed
on its behalf by the undersigned duly authorized person.

                                        BNP Residential Properties, Inc.


Date:    February 28, 2007              By:  /s/ Eric S. Rohm
                                           ----------------------------------
                                                 Name: Eric S. Rohm
                                                 Title:   Vice President