- Post Properties
Infobox_Company
company_name = Post Properties, Inc.
company_type = Public (nyse|PPS)
foundation =1971
location =Atlanta, Georgia
key_people =David Stockert ,President and CEO
products = Apartment Homes
industry = Real Estate Investment Trust
homepage = [http://www.postproperties.com/ www.postproperties.com]Post Properties, Inc. (NYSE: PPS) is one of the largest developers and operators of upscale multifamily communities known for producing resort-style garden apartments and high-density urban apartments. Operating as a
real estate investment trust (REIT), the Company also develops high-quality condominiums and converts existing apartments to for-sale multifamily communities. [ [http://www.answers.com/topic/post-properties-inc Hoovers Profile for Post Properties] ]Post Properties is headquartered in
Atlanta , and has operations in 10 markets across the country. The company employs approximately 800 people and owns more than 20,000 apartment homes. [ [http://www.postproperties.com/AboutPost.aspx About Post Properties] ] [ [http://www.ajc.com/search/content/business/besttestxx/company123.html Atlanta Journal-Constitution ] ]History
Post Properties was founded in
Atlanta in 1971 by John A. Williams. [ [http://www.ajc.com/search/content/metro/ultimateguide/business/GBbizdevelop.html Atlanta Journal-Constitution - Atlanta's Top 10 Developers] ] Post grew conservatively throughout the 1970s and accounted for 100 percent of Atlanta's new apartment construction in 1975 and 1976 during the mid-decade recession.In the late 1980s, due to Post’s market foresight the company shifted its focus from only garden apartments and began to also explore urban "in-fill locations,” areas in once-vacant urban centers that were beginning to become residential again. [ [http://www.bizjournals.com/atlanta/stories/1998/05/04/focus12.html Atlanta Business Chronicle - Post now embracing 'new urbanism' movement] ]
Post became a
public company in the summer of 1993, [ [http://www.allbusiness.com/company-activities-management/company-structures-ownership/10328384-1.html Founder of Apartment Company Post Properties May Return Firm to Private Status] ] with its initial public offering (IPO) priced at $25.50 per share. In the 1990s, Post introduced resort-style interactive amenities into its communities, a rarity at the time for apartments, including putting greens, running and hiking trails, croquet and bocce ball, outdoor ping pong and outdoor chess.In August 1997, Post announced a merger with Columbus Realty Trust. The $600 million company based in Dallas, Texas expanded Post's holdings by more than a third, from just over 21,000 units to more than 29,000. [ [http://www.bizjournals.com/atlanta/stories/1997/08/04/daily2.html Atlanta Business Chronicle - Post Properties, Columbus Realty to merge] ] At the end of the 1990s, Post entered several new markets, including Houston, Denver and Phoenix. [ [http://www.bizjournals.com/phoenix/stories/1999/02/15/newscolumn6.html Phoenix Business Journal - Luxury apartment project under way downtown] ] In 1998 Post was a leader in the "
New Urbanism " movement in Atlanta by building one of the first live-work-play communities in the Southeast called Post Riverside near the Chattahoochee River. [ [http://www.bizjournals.com/atlanta/stories/1998/05/04/focus12.html Atlanta Business Chronicle - Post now embracing `new urbanism' movement] ]Since 2000, Post has taken steps to balance its portfolio of garden,
mixed-use [ [http://www.bizjournals.com/atlanta/stories/1998/09/07/focus7.html Atlanta Business Chronicle - Atlanta slow to grasp `traditional' neighborhoods] ] and urban apartment communities [ [http://www.bizjournals.com/tampabay/stories/2000/04/03/focus5.html Tampa Bay Business Journal - Post Properties leading charge for urban apartments] ] and also added selectivecondominium development to its portfolio. [ [http://www.bizjournals.com/atlanta/stories/2005/04/11/daily11.html Atlanta Business Chronicle - Post Peachtree to get condo makeover] ] To achieve this balance, the company has sold some of its assets, [ [http://www.bizjournals.com/dallas/stories/2001/06/25/daily3.html Dallas Business Journal - Post Properties sells 2 Dallas-area apartments] ] entered into joint ventures on development projects, [ [http://www.bizjournals.com/atlanta/stories/2001/11/26/daily3.html Atlanta Business Chronicle - Post Properties closes on California joint venture] ] and made acquisitions in other key markets.John Williams left the company in 2004. [ [http://www.bizjournals.com/atlanta/stories/2004/08/23/daily38.html Atlanta Business Chronicle - John Williams resigns from Post Properties board, leaves company] ] Today, Post Properties is led by David P. Stockert, who joined the Company in 2001 and serves as its president and CEO. [ [http://www.bizjournals.com/atlanta/stories/2001/03/05/focus9.html Atlanta Business Chronicle - Stockert brings Wall Street experience to Post] ]
Divisions
* Post Apartment Homes®
* Post Preferred Homes
* Post Corporate Apartments®
* Post Investment Group
* Post Investment Group
* Post Landscape
* Post Maintenance
* Post Commercial LeasingPost HOPE Foundation
The Post HOPE Foundation is a 501(c)(3) nonprofit that functions as the employee giving and charitable distribution arm of Post. [ [http://multifamilyexecutive.com/industry-news.asp?sectionID=528&articleID=217256&artnum=7&refresh=true Multifamily Executive - 2005 Multifamily Executive Awards Winners] ] It is responsible for facilitating employee service projects, coordinating employee giving programs and assisting with employee fundraising efforts. [ [http://www.multihousingnews.com/multihousing/content_display/industry-news/e3ib7b22fa1f9f1d2e557c1531a1ba6378d Multi-Housing News - John M. Corcoran and Post Properties Share NMHC’s Annual Good Neighbor Award] ]
External links
* [http://www.postproperties.com/ Post Properties]
* [http://http://www.postproperties.com/html/aboutpost/posthope.html/ Post HOPE Foundation]
* [http://http://www.postproperties.com/ViewCondominiumHomes.aspx Post Preferred Homes]
* [http://http://www.postproperties.com/annualreport/index.html/ Post Properties Annual Report]References
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