Post Properties Announces $200M Stock and Note Repurchase Program

Post Properties, Inc. PPS today announced that its Board of Directors adopted a new stock and note repurchase program under which Post may repurchase up to an aggregate of $200 million of Post's common stock or preferred stock or its operating partnership's senior unsecured notes from time to time until December 31, 2012. The new stock and note repurchase program replaces programs that are currently in place through the end of 2010.