Post Properties

Post Properties, Inc. was a publicly traded real estate investment trust headquartered in Atlanta, Georgia that invested in apartments. As of December 31, 2015, the company owned interests in 24,162 apartment units in 61 communities.^[1] In 2016, the company was acquired by Mid-America Apartment Communities.

Post Properties, Inc.

Industry	Apartments
Founded	1971; 54 years ago (1971)
Defunct	December 1, 2016; 8 years ago (2016-12-01)
Fate	Acquired by Mid-America Apartment Communities
Headquarters	Atlanta, Georgia
Key people	David Stockert, President & CEO
Revenue	$0.384 billion (2015)
Net income	$0.080 billion (2015)
Total assets	$2.271 billion (2015)
Total equity	$1.243 billion (2015)
Number of employees	650 (2015)
Footnotes / references [1]

History

The company was founded in 1970 by John A. Williams (1943–2018) and Douglas Bates.^[2]

On July 15, 1993, the company became a public company via an initial public offering.^[3]

While the company initially developed garden-style apartments, it shifted its focus to mixed-use infill developments in 1998.^[4]

In 1997, the company acquired Columbus Realty Trust, which owned 7,526 apartment units, in a $600 million transaction.^[5]

In January 2001, David Stockert was named president and chief operating officer of the company.^[6]

In 2002, founder John A. Williams resigned as CEO of the company.^[7] In 2004, he resigned from the board of directors of the company after losing a proxy battle.^[8]

In early 2016, the company went through a re brand effort with updated signage and marketing material. At this time it also unveiled separate logos for Post Eco-Active and Post Hope, an eco effort for communities and its non-profit branch, respectively.^[9]

In December 2016, the company was acquired by Mid-America Apartment Communities.^[10][11]