Post Properties announced that it completed its acquisition

Post Properties announced that it completed its acquisition of Columbus Realty Trust (see September/October issue of New Urban News). Post and Columbus are publicly traded real estate investment trusts (REIT) specializing in apartment buildings. Prior to the acquisition, Columbus was the only REIT that focused primarily on New Urbanism. It’s developments, particularly Addison Circle near Dallas, Texas, are unique in that they are designed as towns with mostly multifamily dwellings. Post, which also has a multifamily neotraditional project underway in Atlanta, Georgia, acquires Columbus’ particular design and development expertise.