Post Properties

Divestiture Advisory

KPMG Corporate Finance advised on the sale of Post Properties’ subsidiary RAM Partners, Inc. to management.

The Company

Post Properties, Inc. is one of the largest developers and operators of upscale multi-family apartment communities in the Southeastern and Southwestern United States. Its subsidiary, RAM Partners, Inc., provides property management services to non-affiliated properties.

The Situation

Post Properties’ senior management determined that its third-party property management operation was not a core function of its real estate business and that a sale to management was the preferred exit strategy. In addition, the sale would enable Post Properties to reduce potential liabilities and free up capital and resources that could be redirected towards growing the Company’s portfolio.

The Solution

KPMG Corporate Finance advised Post Properties on pricing, transaction structuring, and negotiations and was responsible for project management of the MBO process.