Post Properties Appoints Toni Jennings to Board of Directors Announces
Results of Annual Shareholders Meeting
ATLANTA -- May 23, 2013
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment
trust, today announced that Ms. Toni Jennings, 64, has been appointed to its
Board of Directors, and to its Audit and Executive Compensation and Management
Development Committees. Ms. Jennings is the chairman of the board of Jack
Jennings & Sons, Inc., a family-owned construction business which provides
general contractor, construction manager and design-build services. She served
as Lieutenant Governor of the State of Florida from 2003 to 2007, and served
20 years in the Florida Senate, four as President, and four years in the
Florida House of Representatives. She is also past chair of the Florida
Chamber of Commerce. Ms. Jennings is a member of the boards of directors of
publicly-traded NextEra Energy, Inc. (NYSE: NEE) and Brown & Brown, Inc.
Said Bob Goddard, Chairman of the Post Board of Directors, “Toni Jennings is
an individual of outstanding experience and accomplishment. We are delighted
to be bringing her skill and unique perspective to the work of the Post
Post Properties also today announced that shareholders at the Company’s Annual
Meeting elected the Board’s seven nominees, voted to approve, on an advisory
basis, executive compensation, and ratified the appointment of Deloitte &
Touche LLP as the Company’s independent registered public accountants for
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.
Post Properties, Inc.
Chris Papa, 404-846-5000
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