Post Properties INC: This Real Estate Investment Trust is one of the largest apartment and multifamily community builders in all of the USA; they were founded in Atlanta Georgia in 1971, making them currently 39 years old.
Post Properties INC currently owns $19,863 apartment homes, as well as 396 apartment communities that are managed by the company at this time, in these communities there are thousands of apartment units that are leased out to tenants. They also own many land lots that are zoned to be developed.
Post Properties INC also is a major employer with over 670 employees on its payroll in 2010, most of which are based in Atlanta some are based in the other 9 states in which the company does business.
Post Properties INC also invests in commercial space, within its communities such as restaurants and shopping centers; this makes the company quite a bit of revenue per year.
Post Properties INC is an equal opportunity employer, and is committed to making customers, employees and business partners happy.
Post Properties INC is traded on the New York Stock Exchange as PPS, meaning that it is a publicly traded company as well as a REIT meaning that it is subject to different tax laws than other businesses because the profits are divided and given to the shareholders rather than kept by the company.
Post Properties INC is also a company that believes in charity and helping others they have opened their own charitable foundation called the Post HOPE foundation, focused on helping others within the company and in the community.
Post Properties INC will also sell many of its apartments to bring in a profit; these apartments are high end luxury homes that cater to the wealthy.
The company has been doing extremely well and has a very high occupancy rate, the company has grown 28.5% in one year, bringing in over $11.5 million in net income per year, although due to the growth this is set to go up each year, and sales totalled $205.6 million dollars.
The chairman of Post Properties INC is Robert C Goddard III, he over sees all major transactions and company decisions.
Post Properties INC has recently started to expand to New York State, it is able to do this due to the huge amount of income it is receiving in the Southern State, a slow growth is what this company has always planned, to grow out into the major markets slowing but surly, creating a solid foundation to conduct business on.
|Tags: Apartment, Atlanta, business, community, company, employer, foundation, Georgia, HOPE, INC, New York, Post, Properties, Robert C Goddard III, Southern State, USA, year|
|Posted in Investing, Real Estate, Strategies|