Post HOPE Foundation Conducts Company-Wide Day of Service Oct. 18
TAMPA, Fla., October 17, 2012 – The charitable 501(c)(3) foundation affiliated with Post Properties, Inc. (NYSE: PPS) has been recognized as having one of the top community service outreach programs among multifamily developers by industry-leading trade magazine Multifamily Executive.
Post HOPE Foundation, Inc. is a charitable nonprofit that functions as the Company’s employee giving and charitable distribution arm. It is responsible for facilitating employee service projects, coordinating employee giving programs and assisting with employee fundraising efforts.
“We are honored to receive the Merit Award for Community Service from Multifamily Executive and see this as an opportunity to celebrate our outstanding associates nationwide. They truly make Post Properties a phenomenal family and company,” said Linda Ricklef, Executive Director of Post HOPE Foundation. “We look forward to continuing our legacy of service for years to come.”
Each year, Post closes its offices nationwide to allow more than 600 employees to participate in a Post HOPE Work Day of service. In Tampa, 38 associates will landscape, assist with maintenance and help decorate for an upcoming event at the Lowry Park Zoo.
About Post Properties, Inc.
Post Properties, Inc. founded more than 40 years ago, is a leading developer and operator of upscale multifamily communities. The Company’s mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust (“REIT”), the Company focuses on developing and managing Post® branded resort-style garden and high density urban apartments. Post Properties is headquartered in Atlanta, Georgia, and has operations in ten markets across the country.
Post Properties has interests in 21,982 apartment units in 59 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,810 apartment units in six communities currently under development or in lease-up. The Company is also selling luxury for-sale condominium homes in two communities through a taxable REIT subsidiary.