Post Properties buys back $2 million preferreds in first half of 2010

By Marisa Wong

Madison, Wis., Aug. 3 - Post Properties, Inc. said it repurchased preferred stock with a liquidation value of approximately $1 million during the three months ended June 30 and $2 million during the six months ended June 30.

The company bought back the preferred stock under a Rule 10b5-1 repurchase program, according to a company news release.

Post Properties is an Atlanta-based developer and operator of upscale multifamily communities.

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