About Post Services, Inc

Post Properties offers Southerners a place to hang their hats, but has also started showing Yankees some down-home hospitality. A self-administered and self-managed real estate investment trust (REIT), Post Properties owns, develops, and manages primarily upscale multi-family apartment communities. Operating through Post Apartment Homes, it owns some 60 properties with about 22,500 apartment units. Its primary markets are Atlanta, Dallas, Tampa, and Washington, DC, with additional holdings in New York, North Carolina, and other markets in Florida and Texas. Post Properties also acts as a property manager and provides furnished, short-term corporate apartments in several markets.

Geographic Reach

Atlanta and Dallas are the firm's largest markets, each accounting for more than a quarter of its total apartment units. Washington, D.C. is also an important market for Post Properties, as is fast-growing Charlotte, North Carolina.

Financial Performance

Post Properties has made a solid recovery since the dark days of the deep recession, which battered its sales and profits. Indeed, 2013 marked the fourth consecutive year of increasing revenue and third year of rising profits (after three consecutive years in the red). Sales topped $362.7 million in 2013, up 8% versus 2012, while net income grew 32% to $110.5 million.


The REIT seeks to compile a portfolio of high-quality, low-average-age properties. To that end, it is exploring opportunities in markets with high growth potential that cater to upper middle-class consumers. (Post's focus on upscale rentals hurt sales during the recession and weak recovery as cash-strapped tenants favored more modest accommodations. With the economy improving Post's prospects are brighter, although high unemployment among younger adults, who are more likely to be renters, may reduce demand for its apartments. Recent purchases include the 360-unit South End apartment community in Charlotte, North Carolina for $74 million and Katy Trail, a 277-unit apartment community in Dallas for $48,500.

Post also plans to reduce its concentration of older and less competitively priced properties by divesting apartment communities it has held for more than 20 years after they were acquired or developed.

The company is winding down its for-sale condominium business, which has been weak. In fall 2013 it closed 12 condo units at its Atlanta Condominium Project and had one unit remaining to sell.

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Post Services, Inc

4401 Northside Pkwy Nw #800
Atlanta, GA 30327-3093
Phone: 1 (404) 846-5000


  • Employer Type: Public
  • Senior Vice President Information Technology: Carl Bonner
  • Programmer: Ryan Brown
  • Manager: Susan Kabe

Major Office Locations

  • Atlanta, GA

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