We are counseling Mid-America Apartments Communities, Inc. in its proposed merger with Post Properties, Inc., which will create a Sunbelt-focused, publicly traded, multifamily REIT with enhanced capabilities to deliver superior value for residents, shareholders and employees. The combined company is expected to have a pro forma equity market capitalization of approximately $12 billion and a total market capitalization of approximately $17 billion.
Post Properties (NYSE: PPS) is a leading developer and operator of upscale multifamily communities. Operating as a real estate investment trust, the company focuses on developing and managing Post® branded high density urban and resort-style garden apartments.
Mid-America (NYSE: MAA) is a self-administered, self-managed real estate investment trust, which owns 80,846 apartment units throughout the Southeast and Southwest regions of the United States.