Post Apartment Homes 10-K 2005 FY Annual report

Exhibit 21.1

SUBSIDIARIES OF POST PROPERTIES, INC.

(as of December 31, 2005)

	Name	State of Formation
1	1499 Massachusetts Avenue, Inc.		Delaware
2	1499 Massachusetts Holding, LLC		Delaware
3	3630 Condo Holdings, LLC		Georgia
4	3630 North Tower Residential, LLC		Georgia
5	3630 Peachtree Road Holdings Limited Partnership		Georgia
6	3630 Residential GP, LLC		Georgia
7	3630 South Tower Residential, LLC		Georgia
8	Addison Circle Access, Inc.		Delaware
9	Addison Townhomes One, Ltd.		Texas
10	Akard-McKinney Investment Company, LLC		Texas
11	Alexander Condominium Development I, LLC		Georgia
12	Alexander Condominium Development II, LLC		Georgia
13	Allen Plaza Mixed Use, LLC		Georgia
14	Armada Homes, Inc.		Delaware
15	Armada Phoenix Townhomes, LLC		Texas
16	Armada Residences, L.P.		Georgia
17	Block 588 Condominium Development, L.P.		Georgia
18	Block 588 GP, LLC		Georgia
19	Block 588 LP, LLC		Georgia
20	Briarcliff Commercial Property, LLC		Georgia
21	Carlyle Condominium Development, LLC		Georgia
22	Citrus Park Condominium Development, LLC		Georgia
23	Cumberland Lake, Inc.		Georgia
24	Greenwood Residential, LLC		Texas
25	Harbour I Condominium Development, LLC		Georgia
26	Hyde Park Walk Condominium Development, LLC		Georgia
27	P/ C First Avenue LLC		Delaware
28	Peachtree Condominium Development, LLC		Georgia
29	PMBC Austin Limited Partnership		Georgia
30	Post 1499 Massachusetts, LLC		Georgia
31	Post Apartment Homes, L.P.		Georgia
32	Post Asset Management, Inc.		Georgia
33	Post Austin Triangle, L.P.		Georgia
34	Post Biltmore, LLC		Delaware
35	Post Carlyle I, LLC		Georgia
36	Post Carlyle II, LLC		Delaware
37	Post Carlyle Services, LLC		Georgia
38	Post Construction Services, Inc		Georgia
39	Post Development Services Limited Partnership		Georgia
40	Post GP Holdings, Inc.		Georgia
41	Post Landscape Group, Inc.		Georgia
42	Post LP Holdings, Inc.		Georgia
43	Post Midtown Square GP, LLC		Georgia
44	Post Midtown Square, L.P.		Georgia
45	Post Paseo Colorado, LLC		Delaware
46	Post Peachtree, LLC		Delaware
47	Post Rice Lofts, LLC		Texas
48	Post Services, Inc.		Georgia
49	Post Triangle, LLC		Georgia
50	Post TRS Condo I, LLC		Georgia
51	Post TRS, Inc		Georgia

Post Properties, Inc.

136

Post Apartment Homes, L.P.

	Name	State of Formation
52	Post West Avenue Lofts, L.P.		Georgia
53	Post West Avenue, LLC		Georgia
54	Post Wilson Buildings, LLC		Georgia
55	Post-AmerUs American Beauty Mill, L.P.		Georgia
56	Post-AmerUs Bennie Dillon, L.P.		Georgia
57	Post-AmerUs Rice Lofts, L.P.		Georgia
58	Post-AmerUs Wilson Building II, L.P.		Georgia
59	Post-AmerUs Wilson Building, L.P.		Georgia
60	PSI 3630 Peachtree, LLC		Georgia
61	Residential Ventures, Inc.		Georgia
62	Rice Lofts, LP		Texas
63	Rise Condominium Development GP, LLC		Georgia
64	Rise Condominium Development Holding, LLC		Georgia
65	Rise Condominium Development, L.P.		Georgia
66	Riverside Villas, LLC		Georgia
67	Rocky Point Management, Inc.		Georgia
68	Rose Hill Associates, LLC		Delaware
69	Soho Condominium Development, LLC		Georgia
70	STS Loan & Management, Inc.		Georgia
71	STS Loan, L.P.		Georgia
72	Uptown Denver, LLC		Colorado
73	Villas at Parkway Village, LP		Georgia
74	Villas GP, LLC		Georgia

Post Properties, Inc.

137

Post Apartment Homes, L.P.