Post Properties may buy back up to $200 million notes, preferreds

By Tali David

Minneapolis, Dec. 5 - Post Properties, Inc. may repurchase up to $200 million of its common stock or preferred stock or its operating partnership's senior unsecured notes from time to time until Dec. 31, 2014, the company announced in a press release.

The new program, adopted by Post's board of directors, replaces a substantially similar program that is currently set to expire at the end of 2012.

Post is an Atlanta-based upscale multifamily community real estate investment trust.

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