| Post Properties, Inc. | |
| Fate: | Acquired by Mid-America Apartment Communities |
| Industry: | Apartments |
| Location: | Atlanta, Georgia |
| Key People: | David Stockert, President & CEO |
| Revenue: | $0.384 billion (2015) |
| Net Income: | $0.080 billion (2015) |
| Assets: | $2.271 billion (2015) |
| Equity: | $1.243 billion (2015) |
| Num Employees: | 650 (2015) |
| Footnotes: | [1] |
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.
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]