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ATLANTA-Post Apartment Homes LP, the operating subsidiary of locally based Post Properties Inc., has priced a public offering of $100 million aggregate principal amount of senior unsecured notes due 2012. The notes are being offered to investors at $995.25 per $1,000 in principal amount.

The public offering, which closes May 31, is being handled by Wachovia of Charlotte, NC and New York-based Merrill Lynch & Co. Post is paying quarterly dividends on its common stock of 45 center per share for the second quarter. The dividend is payable on July 15 to holders of record on June 30. The company’s annual dividend rate is $1.80 per common share.

Post is also paying regular quarterly dividends for its 8 ½% Series A Cumulative Redeemable Preferred stock and its 7 5/8% Series B Cumulative Redeemable Preferred. On the 8 ½% Series A, Post has declared a regular dividend of $1.06 per share payable June 30 to holders of record on June 15. On the 7 5/8% Series B, the REIT is paying 48 cents per share payable June 30 to holders of record on June 15.

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