MAA and Post to merge in $17b combination
Mid-America Apartment Communities has announced its merger with Post Properties, creating a Sunbelt-focused, publicly traded multifamily REIT.
The combined company is expected to have a pro forma equity market capitalization of approximately $12 billion and a total market capitalization of approximately $17 billion. According to data from NAREIT, the combined REIT would be the fourth-largest apartment REIT in the United States. The combined company will maintain strategic diversity across urban and suburban locations in large and secondary markets within the high-growth Sunbelt region of the United States.
Commenting on the merger, H. Eric Bolton Jr., MAA chairman and CEO, said, “The combination of MAA and Post will establish the leading apartment real estate platform focused on the high-growth Sunbelt region of the country with significant competitive advantages to drive superior value for our shareholders, residents and employees. The combined company