News & Events

The Firm is representing J.P. Morgan Securities LLC as financial advisor to Post Properties, Inc. (NYSE: PPS) in its definitive merger agreement with MAA (NYSE: MAA). Under the terms of the agreement, Post Properties will merge with and into MAA, creating a Sunbelt-focused, publicly traded, multifamily REIT with what the parties expect to be a combined pro-forma equity market capitalization of approximately $12 billion and total market capitalization of approximately $17 billion, and each share of Post Properties common stock will be converted into 0.71 shares of newly issued MAA common stock. On a pro forma basis, following the merger, former MAA equity holders will hold approximately 67.7% of the combined company’s equity, and former Post Property equity holders will own approximately 32.3%. The merger is subject to customary closing conditions, including shareholder approvals. 

Post Properties, founded 45 years ago, is a leading developer and operator of upscale multifamily communities. Operating as a real estate investment trust, the company focuses on developing and managing Post® branded high density urban and resort-style garden apartments. Post Properties is headquartered in Atlanta, Georgia, and has operations in ten markets across the country. 

The Simpson Thacher team includes Rob Spatt and Stephen Wiseman (M&A).