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.
| Industry | Apartments |
|---|---|
| Founded | 1971 |
| Defunct | December 1, 2016 |
| Fate | Acquired by Mid-America Apartment Communities |
| Headquarters | Atlanta, Georgia |
Key people | David Stockert, President & CEO |
| Revenue | $0.384 billion (2015) |
| $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]
References
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
