Post Properties Surges on $3.9 Billion Deal With Mid-America

  • Biggest publicly traded apartment owner by units to be formed
  • Above-average job growth seen in Atlanta, Dallas, Charlotte

Post Properties Inc. shares rose the most in seven years after Mid-America Apartment Communities Inc. agreed to buy the real estate investment trust for about $3.9 billion, forming a company with about 105,000 multifamily units amid rising demand for rental housing.

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