Post Properties Announces Quarterly Dividends

  Post Properties Announces Quarterly Dividends

Business Wire

ATLANTA -- February 21, 2013

Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment
trust, today announced quarterly dividends on its common stock of $0.25 per
share for the first quarter of 2013. The dividend is payable on April 15, 2013
to all common stockholders of record as of March 29, 2013.

Post also announced regular quarterly dividends on its 8.5 percent Series A
Cumulative Redeemable Preferred Stock of $1.0625 per share for the first
quarter of 2013. The dividend is payable on April 1, 2013 to all Series A
preferred stockholders of record as of March 15, 2013.

About Post Properties

Post Properties, Inc., founded more than 40 years ago, is a leading developer
and operator of upscale multifamily communities. The Company’s mission is
delivering superior satisfaction and value to its residents, associates, and
investors, with a vision of being the first choice in quality multifamily
living. Operating as a real estate investment trust (“REIT”), the Company
focuses on developing and managing Post®-branded high density urban and
resort-style garden apartments. Post Properties is headquartered in Atlanta,
Georgia, and has operations in ten markets across the country.

Post Properties has interests in 22,218 apartment units in 60 communities,
including 1,471 apartment units in four communities held in unconsolidated
entities and 2,046 apartment units in seven communities currently under
development or in lease-up. The Company is also selling luxury for-sale
condominium homes in two communities through a taxable REIT subsidiary.

Contact:

Post Properties, Inc.
Chris Papa, 404-846-5000