Post Properties Ends Effort to Sell Company

Post Properties, an Atlanta-based real estate investment trust, has ended a five-month effort to sell the company, citing "an increasingly difficult market environment." The multifamily REIT said all potential bidders have withdrawn from the sale process. "We remain optimistic about the longer-term fundamentals for our business," said David P. Stockert, president and chief executive officer of the REIT. "We intend to actively pursue strategies to enhance shareholder value and to position the company so that the value of its assets, business, and brand is more fully realized." The options under consideration are expected to include asset sales, cost-cutting, and pursuing construction loan financing and joint venture equity to fund development activity, the company said. Post Properties can be found online at http://www.postproperties.com.