Post Apartment Homes Inactive

Post Properties Inc. and its subsidiaries develop, own and manage upscale multi-family apartment communities in selected markets in the United States.  As used in this report, the term “Company” includes Post Properties Inc. and its subsidiaries including Post Apartment Homes, L.P. (the “Operating Partnership”), unless the context indicates otherwise.  The Company, through its wholly-owned subsidiaries, is the general partner and owns a majority interest in the Operating Partnership which, through its subsidiaries, conducts substantially all of the on-going operations of the Company.  At December 31, 2015, approximately 30.2%, 21.6%, 13.3% and 10.7% (on a unit basis) of the Company’s operating communities were located in the Atlanta, Georgia, Dallas, Texas, the greater Washington, D.C. and Tampa, Florida metropolitan areas, respectively.  At December 31, 2015, the Company had interests in 24,162 apartment units in 61 communities including 1,471 apartment units in four communities held in unconsolidated entities and 2,630 apartment units in seven communities currently under development or in lease-up.  The Company is a fully integrated organization with multi-family development, operations and asset management expertise.  The Company has approximately 619 employees. The Company is a self-administrated and self-managed equity real estate investment trust (a “REIT”).  A REIT is a legal entity which holds real estate interests and is generally not subject to federal income tax on the income it distributes to its shareholders.