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Post Properties Declares Fourth Quarter Dividend

ATLANTA, Nov. 22 /PRNewswire/ -- Post Properties, Inc. (NYSE: PPS) (the "Company"), the preeminent developer and operator of upscale multi-family apartment communities in the Southeast, today declared a regular quarterly dividend on its common stock for the fourth quarter of 1996 in the amount of $.54 per share. This dividend is payable on January 15, 1997, to all common shareholders of record as of December 31, 1996. The Company also declared a regular quarterly dividend on its 8 1/2% Series A cumulative redeemable preferred stock for the fourth quarter of 1996 in the amount of $1.0625 per share. This preferred dividend is payable on December 31, 1996, to all preferred shareholders of record as of December 17, 1996.

The Company is one of the largest developers and operators of upscale multi-family apartment communities in the southeastern United States. The Company operates as a self-administered and self-managed equity Real Estate Investment Trust whose primary business consists of developing and managing Post(R) brand name apartment communities for its own account.

NOTE: Post(R) is a registered service mark of Post Aparment Homes, L.P.

SOURCE Post Properties, Inc.
 -0- 11/22/96


/CONTACT: Timothy A. Peterson or R. Gregory Fox, Post Properties, 770-85O-4400/

(PPS)

CO: Post Properties, Inc. ST: Georgia IN: SU: DIV

KW -- ATF014 -- 5981 11/22/96 16:42 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 22, 1996
Words:226
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