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Mid-America Nears $4 Billion Post Properties Deal, WSJ Says

California and New York have taken the lead in prodding building owners toward greater energy efficiency with a mix of rebates and tax breaks to help offset the costs.
Photographer: David Paul Morris/Bloomberg

Mid-America Apartment Communities Inc., a real-estate investment trust, is close to a deal to buy Post Properties Inc. for about $4 billion as demand for rental properties booms, The Wall Street Journal reported.

Post Properties shareholders will get 0.71 share of new MAA stock for each share in a deal that could be announced Monday, according to the newspaper’s website, which cited people familiar with the matter that it didn’t name.