Building Magazine


Cadim offers US$2 billion for Post Properties

Cadim, a unit of the Caisse de depot et placement du Quebec, and Williams Realty Advisors LLC, a group that includes Post’s founder and former Chairman and CEO John Williams have mad a buyout offer for Atlanta-based apartment real estate investment trust Post Properties Inc., who claim the group was offered $44 to $47 a share in cash (all figures U.S.). Post has 43.71 million shares outstanding, making the deal worth between $1.92 billion and $2.05 billion. Post owns 22,249 apartments in 62 communities.

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