MAA, Post Properties Complete Merger
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Cityscape at Market Center II in Plano, Texas, an MAA property
Memphis, Tenn.—MAA and Post Properties Inc. have completed their merger, creating a company that has an equity market capitalization of about $11 billion and a total market capitalization of roughly $15 billion, the companies announced late last week. The combined company, headquartered in Memphis, will retain the MAA name and will continue to trade under the symbol “MAA” on the NYSE.
The transaction, which involved stock worth about $3.9 billion, had been announced in August and was touted as building the largest multifamily REIT that focuses on the Sun Belt. The combined company’s 10 largest markets by unit count reportedly are Atlanta; Dallas; Austin, Texas; Charlotte, N.C.; Raleigh, N.C.; Orlando, Fla.; Tampa, Fla.; Fort Worth, Texas; Houston; and Washington, D.C…
