Post Apartment Homes, L.P., the operating subsidiary of Post Properties, Inc. (NYSE: PPS), announced today that it has priced a public offering of $150 million aggregate principal amount of senior unsecured notes due 2017. The notes will bear interest at a rate of 4.75% and are being offered to investors at a price of $998.59 per $1,000 in principal amount. The closing of the offering is scheduled to occur on October 18, 2010, subject to customary closing conditions.

About Post Properties

Post Properties, founded more than 39 years ago, is a leading developer and operator of upscale multifamily communities. 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. Post Properties is headquartered in Atlanta, Georgia, and has operations in nine markets across the country.

Post Properties owns interests in 19,863 apartment units in 55 communities, including 1,747 apartment units in five communities held in unconsolidated entities and 396 apartment units in one community currently in lease-up. In addition, the Company recently commenced the development of one community containing 344 apartment units. The Company is also developing and selling 277 luxury for-sale condominium homes in two communities through a taxable REIT subsidiary.

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