Mid-America Apartment Communities Buying Post Properties to Create Largest Public Multifamily REIT
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Memphis-based Mid-America Apartment Communities Inc. (NYSE: MAA) announced it is buying Atlanta-based Post Properties Inc. (NYSE: PPS) to form the largest publicly traded multifamily apartment real estate investment trust by units. The combination, which values Post at just under $ 4 billion, will result in a Sunbelt-focused, publicly traded, multifamily REIT with a total market capitalization of approximately $ 17 billion. Under terms of the…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
Post Tagged with Apartment, Buying, Communities, Create, Largest, MidAmerica, Multifamily, Post, Properties, Public, REIT
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