Post Properties Announces Executive Departure
10 Novembre 2009 - 2:49PM
Business Wire
Post Properties, Inc. (NYSE: PPS) announced today that, as part
of an overall restructuring intended to streamline its business and
reduce costs, Thomas L. Wilkes, President of Post Apartment
Management and EVP of Post Properties, Inc., will leave the
Company, effective December 31, 2009. Mr. Wilkes’ responsibilities
will be assumed by S. Jamie Teabo, SVP Property Management, and
Charles A. Konas, EVP Construction/ Development. Both Ms. Teabo and
Mr. Konas have substantial industry and company experience. Post
expects to incur a charge in the fourth quarter related to settling
its contractual obligations with Mr. Wilkes and in connection with
the overall restructuring.
Said Mr. Stockert, “With his background in multifamily real
estate and commitment to the business, Tom Wilkes has made
substantial contributions to Post over many years. We appreciate
his accomplishments on behalf of the Company and wish him every
continued success.”
About Post Properties
Post Properties, founded more than 38 years ago, is one of the
largest developers and operators of upscale multifamily communities
in the United States. The Company’s mission is delivering superior
satisfaction and value to its residents, associates, and investors,
with a vision of being the first choice in quality multifamily
living. Operating as a real estate investment trust (“REIT”), the
Company focuses on developing and managing Post® branded
resort-style garden and high density urban apartments. In addition,
the Company has also developed high-quality condominiums and
converted existing apartments to for-sale multifamily communities.
Post Properties is headquartered in Atlanta, Georgia, and has
operations in nine markets across the country.
Post Properties owns 19,864 apartment units in 55 communities,
including 1,747 apartment units in five communities held in
unconsolidated entities and 1,429 apartment units in four
communities currently under construction and/or in lease-up. The
Company is also developing and selling 277 luxury for-sale
condominium homes in two communities (including 129 units in one
community held in an unconsolidated entity) and is completing the
sell out of units in two other condominium conversion communities
through a taxable REIT subsidiary.
Grafico Azioni Post Properties (NYSE:PPS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Post Properties (NYSE:PPS)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Post Properties, Inc. (delisted) (Borsa di New York (NYSE)): 0 articoli recenti
Più Post Properties, Inc. Articoli Notizie