Post Apartment to fund $130 million notes redemption with proceeds

By Ashley Montgomery

Kansas City, Kan., Nov. 2 - Post Apartment Homes, LP plans to use the proceeds from its notes offering to redeem its $130.1 million 6.3% senior unsecured notes due June 1, 2013, according to filing with the Securities and Exchange Commission.

Proceeds from the notes will also be used for general corporate purposes, which may include property acquisition.

Post Apartment Homes is the operating subsidiary of Post Properties, Inc. an Atlanta-based real estate investment trust that develops and operates upscale multifamily communities.

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