Post properties invests $100,000 in NAAEI.

The National Apartment Association Education Institute (NAAEI) announced last month that Post Properties, one of the nation's largest apartment companies, has agreed to make a contribution of $100,000 to NAAEI's "Investing in Our Profession" campaign over the next five years.

The investment by Atlanta-based Post Properties, the 40th-largest owner of apartment units in the country with more than 22,000, brings the amount NAAEI has raised in 2005 to approximately $3.535 million. NAAEI's initial fund-raising goal is $5 million.

NAAEI is an independent entity created by the National Apartment Association (NAA) whose mission is to provide broad-based education, training and recruitment programs that attract, nurture and retain quality professionals and develop tomorrow's industry leaders.

The Institute will:

* Create awareness of apartment careers;

* Develop a comprehensive managerial development program;

* Work with NAA's national network of affiliates to build a recruitment pipeline for the industry; and

* Identify and promote career ladders and competencies for apartment management.

"Post Properties is proud to support the NAA Education Institute," said David P. Stockert, President and Chief Executive Officer, Post Properties Inc. "With a brand name recognized for quality and service, Post appreciates the NAAEI's mission to develop the next generation of multifamily housing industry leaders. Working together, we are building an exciting future."

Contributions to NAAEI are an investment in the future of the apartment industry and broad participation is important. Gifts are tax-deductible as charitable contributions; pledges may be paid in three to five years.

NAAEI leaders will meet with key senior-level executives of the country's major real estate management companies to invite their participation.

"We've made a tremendous outreach to key multifamily housing players, and we are extraordinarily proud to be hearing from companies such as Post Properties and that they believe in the concept of the Institute and are willing to work with us and out efforts," said Deane Dolben, CAPS, Chairman of the NAAEI Campaign Cabinet and President of the Dolben Company, which also is an investor in NAAEI. "Post's investment demonstrates to the industry that it wants to take a leadership role on behalf of out industry."

NAAEI Company Investors

Company                              Amount

Equity Residential               $1,000,000
Archstone-Smith                    $500,000
The Dolben Company                 $250,000
The McDougal Companies             $250,000
NAA Board of Directors             $250,000
National Multi Housing Council     $250,000
Greystar Real Estate Partners      $200,000
Coinmach/Appliance Warehouse       $100,000
Douglas & Cindy Crocker            $100,000
Hepfner, Smith, Airhart & Day      $100,000
First Communities Management       $100,000
Florida Apartment Association      $100,000
Post Properties Inc.               $100,000
Bay Area Apartment Association      $50,000

GRAND TOTAL                      $3,535,000