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You can’t drive through Atlanta without driving by a Post Properties community. Memphis-based Mid-America Apartment Communities took note of the Atlanta-based real estate investment trust (REIT) as well.
This week MAA announced its acquisition of Post Properties in an all-stock deal valued at nearly $4 billion. Following the transaction, which will likely be completed later this year, MAA will have approximately 105,000 multifamily units in 317 communities across Atlanta, Dallas, Austin, Charlotte, Raleigh, Orlando, Tampa, Fort Worth, Houston and DC, according to a recent release.
The merged company will be the largest publicly traded REIT.
– Sarah Funderburk, SPR Atlanta