Post Properties Inc (PPS)
Quote as of 12:00 AM ET 09/03/2010 (NYSE)
| Last: 27.41 |
Change: $0.41 |
Percent Change: 1.52 |
Volume: 506,700 |
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT). The Company and its subsidiaries develop, own and manage upscale multi-family apartment communities in selected markets in the United States. The Company is the general partner and owns a majority interest in its subsidiaries, including Post Apartment Homes, L.P. (the Operating Partnership). As of December 31, 2009, the Company owned 19,863 apartment units in 55 apartment communities, including 1,747 apartment units in five communities and 1,428 apartment units in four communities under construction and/or in lease-up. The Company is also developing and selling 277 luxury for-sale condominium homes in two communities, including 129 units in one community. The Company operates in four divisions: Post Apartment Management, Post Construction and Property Services, Post Investment Group and Post Corporate Services.
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