Post Properties

David Stockert (President and CEO)

Post Properties, Inc. (NYSE: PPS) is a developer and operator of multifamily communities, including resort-style garden apartments and high-density urban apartments and operates as a real estate investment trust (REIT).

Post Properties is headquartered in Atlanta, and has operations in nine markets across the country. The company employs approximately 600 people and owns approximately 20,000 apartment homes.

Post Properties was founded in Atlanta in 1971 by John A. Williams and Douglas Bates, and initially developed and managed primarily garden-style apartments. In the late 1980s, Post shifted its focus from garden apartments and began to also explore urban "in-fill locations,” areas in once-vacant urban centers that were beginning to become residential again. In the 1990s, the company also began developing mixed-use properties, combining residential units, retail and, sometimes, office space.

Post became a public company in the summer of 1993, with its initial public offering (IPO) priced at $25.50 per share. 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.

Since 2000, Post has balanced its portfolio with garden, mixed-use and urban apartment communities as well as condominium developments. To achieve this balance, the company has sold some of its assets, entered into joint ventures on development projects, and made acquisitions in other key markets.

John Williams left the company in 2004. Today, Post Properties is led by David P. Stockert, who joined the company in 2001 and serves as its president and CEO.