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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                           SCHEDULE 14A INFORMATION
                   PROXY STATEMENT PURSUANT TO SECTION 14(a)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. __)

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                             Post Properties, Inc.
               (Name of Registrant as Specified in Its Charter)


   (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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                             [POST PROPERTIES LOGO]

For Immediate Release


Contact:   Judith Wilkinson/Nina Covalesky                   PRESS RELEASE
           Joele Frank, Wilkinson Brimmer Katcher
           (212) 355-4449


      Green Street Advisors Recommends That Post Properties Shareholders
                        Vote FOR Post's Board Nominees

 Leading Independent Research Firm Joins ISS in Opposing John Williams' Nominees

ATLANTA, May 16, 2003 - Post Properties, Inc. (NYSE: PPS), an Atlanta-based
real estate investment trust, today issued the following statement:

    Green Street Advisors, a leading independent Wall Street research firm
    specializing in publicly traded real estate companies and REITs, has issued
    a report that recommends Post Properties shareholders vote for the election
    of the Board's slate of nominees. Green Street joins Institutional
    Shareholder Services (ISS), the nation's leading independent proxy voting
    and corporate governance advisory firm, in endorsing the Board's nominees
    and opposing John Williams' effort to re-take control of the Company.

    Mr. Williams, in a press release he issued yesterday, cited the Green Street
    report.  Mr. Williams, however, failed to mention the bottom line conclusion
    of the Green Street report - namely that Green Street is recommending that
    shareholders vote in favor of the election of the Board's nominees.

Nationwide, Post Properties owns approximately 30,078 apartment homes in 80
communities, including 859 units currently under development.

Certain statements made in this release and other written or oral statements
made by or on behalf of the Company may constitute "forward-looking
statements" within the meaning of the federal securities laws. Statements
regarding future events and developments and the Company's future performance,
as well as management's expectations, beliefs, intentions, plans, estimates or
projections relating to the future, are forward-looking statements within the
meaning of these laws. Management believes that these forward-looking
statements are reasonable; however, you should not place undue reliance on
such statements. These statements are based on current expectations and speak
only as of the date of such statements. The Company undertakes no obligation
to publicly update or revise any forward-looking statement, whether as a
result of future events, new information or otherwise. Important risk factors
regarding the Company are included under the caption "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December 31, 2002 and
may be discussed in subsequent filings with the SEC.

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