Post Properties Announces Filing of At-the-Market Offering of up to 4M Shares

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Post Properties, Inc. (NYSE: PPS) today announced that it has filed a prospectus supplement under which it may sell up to 4,000,000 shares of its common stock from time to time through J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Cantor Fitzgerald & Co. and Mitsubishi UFJ Securities (USA), Inc., as sales agents. As of May 31, 2012, approximately 136,500 shares of common stock remain available for issuance under the Company's existing at-the-market offering previously announced on February 9, 2010. The Company expects to sell these remaining shares pursuant to its existing at-the-market offering before selling any shares pursuant to the new at-the-market offering announced today.

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