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词条 Post Properties
释义

  1. History

  2. References

{{Infobox company
| name = Post Properties, Inc.
| fate = Acquired by Mid-America Apartment Communities
| industry = Apartments
| foundation = {{start date and age|1971}}
| defunct = {{end date and age|2016|12|01}}
| location = Atlanta, Georgia
| key_people = David Stockert, President & CEO
| revenue = $0.384 billion (2015)
| net_income = $0.080 billion (2015)
| assets = $2.271 billion (2015)
| equity = $1.243 billion (2015)
| num_employees = 650 (2015)
| footnotes = [1]
}}

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 1999, the company established an initiative to wire its apartments for high speed internet access.[6]

In January 2001, David Stockert was named president and chief operating officer of the company.[7]

In 2001, the company received $99 million from the sale of 2 apartment complexes near Dallas, Texas and a land parcel in Charlotte, North Carolina.[8] The company also entered into a joint venture with the New York State Common Retirement Fund to develop a property in Pasadena, California.[9]

In 2002, the company completed a $95 million apartment complex near The Pentagon.[10]

In 2002, founder John A. Williams resigned as CEO of the company.[11] In 2004, he resigned from the board of directors of the company after losing a proxy battle.[12]

In 2005, the company converted an apartment complex in Atlanta to 121 condominium units.[13]

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.[14]

Effective May 2016, chief financial officer Mark Papa resigned to take a position with Liberty Property Trust.[15]

In December 2016, the company was acquired by Mid-America Apartment Communities.[16][17]

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/903127/000156459016013528/pps-10k_20151231.htm | title=Post Properties, Inc. 2015 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^{{cite news | url=https://www.bizjournals.com/atlanta/news/2018/04/16/atlanta-apartment-king-john-a-williams-has-died.html | title=Atlanta apartment king John A. Williams, founder of Post Properties, has died | first=Douglas | last=Sams | work=American City Business Journals | date=April 16, 2018}}
3. ^{{cite web | url=https://www.reit.com/news/articles/post-properties-witnesses-20-years-change-ipo | title=Post Properties Witnesses 20 years of Change Since IPO | first=Carisa | last=Chappell | work=National Association of Real Estate Investment Trusts | date=July 15, 2013}}
4. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/1998/05/04/focus12.html | title=Post now embracing `new urbanism' movement | first=Martin | last=Sinderman | work=American City Business Journals | date=May 4, 1998}}
5. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/1997/08/04/daily2.html | title=Post Properties, Columbus Realty to merge | work=American City Business Journals | date=August 4, 1997}}
6. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/1999/07/05/focus5.html | title=Post apartments being wired for Internet access | first=Rick | last=Blalock | work=American City Business Journals | date=July 5, 1999}}
7. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/2001/03/05/focus9.html | title=Stockert brings Wall Street experience to Post | work=American City Business Journals | date=March 5, 2001}}
8. ^{{cite news | url=https://www.bizjournals.com/dallas/stories/2001/06/25/daily3.html | title=Post Properties sells 2 Dallas-area apartments | work=American City Business Journals | date=June 25, 2001}}
9. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/2001/11/26/daily3.html | title=Post Properties closes on California joint venture | work=American City Business Journals | date=November 26, 2001}}
10. ^{{cite news | url=https://www.bizjournals.com/washington/stories/2002/10/21/daily10.html | title=Post Properties finishes $95M Pentagon Row residences | first=Jeff | last=Clabaugh | work=American City Business Journals | date=October 22, 2002}}
11. ^{{cite news | url=https://www.wsj.com/articles/SB1017181544636207800 | title=Post Properties Founder Williams To Step Down From the CEO Post | first=Ray A. | last=Smith | work=The Wall Street Journal | date=March 27, 2002 | subscription=yes}}
12. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/2004/08/23/daily38.html | title=John Williams resigns from Post Properties board, leaves company | work=American City Business Journals | date=August 27, 2004}}
13. ^{{cite news | url=https://www.bizjournals.com/atlanta/stories/2005/04/11/daily11.html | title=Post Peachtree to get condo makeover | work=American City Business Journals | date=April 12, 2005}}
14. ^{{Cite web|url=https://iqagency.com/case_study/post-properties-rebrand/|title=IQ Agency {{!}} Case Study {{!}} Post Properties Rebrand|website=iqagency.com|language=en-US|access-date=2018-04-27}}
15. ^{{cite press release | url=http://www.businesswire.com/news/home/20160509006533/en/Post-Properties-Announces-Christopher-J.-Papa-Step| title=Post Properties Announces Christopher J. Papa to Step Down as Chief Financial Officer | publisher=PR Newswire | date=May 9, 2016}}
16. ^{{cite press release | url=http://www.prnewswire.com/news-releases/maa-and-post-complete-merger-300371314.html | title=MAA and Post complete merger | publisher=PR Newswire | date=December 1, 2016}}
17. ^{{cite press release | url=http://www.prnewswire.com/news-releases/maa-and-post-properties-to-merge-in-17-billion-combination-300313265.html | title=MAA and Post Properties to merge in $17 billion combination | publisher=PR Newswire | date=August 15, 2016}}

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

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