Post Properties, Inc. was a publicly traded

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

headquartered in

Atlanta, Georgia Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georg ...

that invested in

apartment An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that ...

s. As of December 31, 2015, the company owned interests in 24,162 apartment units in 61 communities. 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. On July 15, 1993, the company became a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. While the company initially developed garden-style apartments, it shifted its focus to mixed-use

infill In urban planning, infill, or in-fill, is the rededication of land in an Urban area, urban environment, usually Urban open space, open-space, to new construction. Infill also applies, within an urban polity, to construction on any Greenfield land, ...

developments in 1998. In 1997, the company acquired Columbus Realty Trust, which owned 7,526 apartment units, in a $600 million transaction. In January 2001, David Stockert was named president and chief operating officer of the company. In 2002, founder John A. Williams resigned as CEO of the company. In 2004, he resigned from the

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

of the company after losing a proxy battle. 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. In December 2016, the company was acquired by Mid-America Apartment Communities.

References

{{Reflist, 1 Real estate companies established in 1971 Companies formerly listed on the New York Stock Exchange Defunct real estate companies of the United States Defunct companies based in Georgia (U.S. state) Companies disestablished in 2016 2016 mergers and acquisitions 1970 establishments in Georgia (U.S. state) 2016 disestablishments in Georgia (U.S. state)