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.
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
- Post Properties, Inc. 2015 Form 10-K Annual Report U.S. Securities and Exchange Commission^
- Douglas Sams. Atlanta apartment king John A. Williams, founder of Post Properties, has died American City Business Journals, April 16, 2018^
- Carisa Chappell. Post Properties Witnesses 20 years of Change Since IPO National Association of Real Estate Investment Trusts, July 15, 2013^
- Martin Sinderman. Post now embracing 'new urbanism' movement American City Business Journals, May 4, 1998^
- Post Properties, Columbus Realty to merge American City Business Journals, August 4, 1997^
- Stockert brings Wall Street experience to Post American City Business Journals, March 5, 2001^
- Ray A. Smith. Post Properties Founder Williams To Step Down From the CEO Post The Wall Street Journal, March 27, 2002^
- John Williams resigns from Post Properties board, leaves company American City Business Journals, August 27, 2004^
- IQ Agency iqagency.com, retrieved 2018-04-27^
- MAA and Post complete merger PR Newswire, December 1, 2016^
- MAA and Post Properties to merge in $17 billion combination PR Newswire, August 15, 2016^