SCHEDULE 14A
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                            SCHEDULE 14A INFORMATION

                  PROXY STATEMENT PURSUANT TO SECTION 14(A)
                    OF THE SECURITIES EXCHANGE ACT OF 1934


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|_|  Preliminary Proxy Statement           |_|  Confidential, for Use of the
                                                Commission Only (as permitted by
                                                Rule 14a-6(e)(2))
|_|   Definitive Proxy Statement
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|_|   Soliciting Material Pursuant to Rule 14a-12


                            POST PROPERTIES, INC.
               (Name Of Registrant As Specified In Its Charter)

                                JOHN A. WILLIAMS
                                  ROY E. BARNES
                             FRANCIS L. BRYANT, JR.
                                 PAUL J. DOLINOY
                                THOMAS J.A. LAVIN
                                GEORGE R. PUSKAR
                                EDWARD LOWENTHAL
                                 CRAIG G. VOUGHT
                             WILLIAM A. PARKER, JR.
                                   J.C. SHAW
   (Name Of Person(s) Filing Proxy Statement, If Other Than The Registrant)


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Contacts:
Media                                     Investors
Jeremy Fielding/Kimberly Kriger           Larry Dennedy/Bob Marese
Kekst and Company                         MacKenzie Partners, Inc.
212-521-4800                              212-929-5500


             LARGEST VOTER OF POST PROPERTIES COMMON STOCK DECLARES
                         SUPPORT FOR INDEPENDENT SLATE

              Shapiro Capital Management to Vote GOLD proxy card

      In light of way GID offer handled, Sam Shapiro says not voting for
                independent directors would be "irresponsible"

ATLANTA, May 19, 2003 - Sam Shapiro, President of Shapiro Capital Management,
which holds the power to vote the largest single block of shares eligible to
vote at Post Properties, Inc.'s (NYSE:PPS) upcoming annual meeting, publicly
stated on Saturday afternoon that Shapiro Capital will vote the GOLD proxy for
the election of the independent director nominees. Mr. Shapiro commented, "It is
clearly time for change at Post Properties. I believe Post's incumbent board has
neglected its duty to shareholders. Given the board's handling of the GID offer,
I believe it would be absolutely irresponsible for fund managers not to vote for
the slate of independent directors."

Shapiro Capital Management recently sold its Post Properties common stock. But
it owned the shares on March 25, 2003, the date of record to vote in the proxy
contest.

"We are delighted that Mr. Shapiro has publicly announced that he is joining the
number of other institutional and individual investors who plan to vote in favor
of our slate. His endorsement is important because he is a respected member of
the investment community who understands the importance of fiduciary duties to
shareholders, company transparency, and sound corporate governance," said John
Williams, Edward Lowenthal, President and Chief Executive Officer designate and
George R. Puskar, independent director nominee and proposed non-executive
Chairman.

"In contrast, the current management seems to have a very different idea about
how best to maximize shareholder value. In discussing the GID offer, CEO Dave
Stockert yesterday told a reporter that `Post's board did consider the bid
thoroughly and decided it was not in the best interest of shareholders.'

"We are stunned Dave Stockert would describe the board's process as `thorough'
when they did not even check to see if GID was willing to pay a higher price;
the entire board meeting to consider the offer took less than 30 minutes, start
to



finish; the board failed to have an independent financial adviser to present
any financial analysis or answer directors' questions regarding the GID
proposal; and obviously failed to form a special committee of independent
directors to explore the offer.

"It is abundantly clear that the incumbent directors and management believe this
is not a good time to pursue a sale of the company. Our director nominees will
seek to maximize shareholder value today. And when ISS and Green Street
recommended a vote for the incumbent directors and the status quo platform, both
acknowledged that a sale is more likely if our independent nominees are elected.

There is still time to vote. If you have already mailed your white proxy and
wish to change your vote, you have every legal right to do so. Please sign, date
and express mail the GOLD proxy card. If you need assistance in sending your
GOLD proxy card, contact MacKenzie Partners, Inc. toll-free at (800) 322-2885 or
(212) 929-5500 or by email at PROXY@MACKENZIEPARTNERS.COM between 8:00 am and
midnight any day before the annual meeting," concluded Messrs. Williams,
Lowenthal and Puskar.

                  VOTE GOLD FOR DIRECTORS COMMITTED TO PURSUE
                 IMMEDIATELY A SALE OF THE COMPANY WHILE MARKET
                            CONDITIONS ARE FAVORABLE

                 VOTE GOLD TO ELECT THE BEST-QUALIFIED TEAM WITH
               SIGNIFICANT EXPERIENCE SELLING PUBLIC REAL ESTATE
                 COMPANIES FOR THE BENEFIT OF ALL SHAREHOLDERS

                   VOTE GOLD TO MAXIMIZE SHAREHOLDER VALUE
                        ----

The proxy statement, which has been mailed to Post Properties shareholders, and
other filings and information related to this solicitation can be also found at
WWW.POSTSHAREHOLDERS.COM.
- ------------------------

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