Aug
16
MAA, Post Properties Merger Creates $17B REIT
ByThe combined company will operate a portfolio of 105,000 multifamily units in 317 properties.
Dave Stockert of Post Properties
Washington and Atlanta—MAA has agreed to buy Post Properties Inc. for approximately $3.88 billion in stock, creating the largest Sunbelt-focused multifamily REIT with nearly 105,000 units across 317 properties, valued at $17 billion with equity market capitalization of $12 billion.
“The combination of MAA and Post will establish the leading apartment real estate platform focused on the high-growth Sunbelt region of the country with significant competitive advantages to drive superior value for our shareholders, residents and employees,” H. Eric Bolton, Jr., MAA chairman & CEO, said in a prepared release. “The combined company will capture a broader market and submarket footprint, with improved rental price-point diversification that will support an enhanced level of performance over the full real estate cycle.”…
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