Post Properties Announces Quarterly Dividends

ATLANTA (BUSINESS WIRE)---Post Properties, Inc.(NYSE: PPS), an Atlanta-based real estate investment trust, has announced quarterly dividends on its common stock of $0.45 per sharefor the first quarter of 2008. The Company's annual dividend rate is$1.80 per common share. The dividend is payable on April 15, 2008 toall common stock shareholders of record as of March 31, 2008.

Post also announced regular quarterly dividends for its 8.5percent Series A Cumulative Redeemable Preferred Stock and its 7 5/8percent Series B Cumulative Redeemable Preferred Stock.

On its 8.5 percent Series A Cumulative Redeemable Preferred Stock,Post declared a regular quarterly dividend of $1.0625 per share forthe first quarter. The dividend is payable on March 31, 2008 to allSeries A preferred stock shareholders of record as of March 15, 2008.

On its 7 5/8 percent Series B Cumulative Redeemable PreferredStock, Post declared a regular quarterly dividend of $0.47656 pershare for the first quarter. The dividend is payable on March 31, 2008to all Series B preferred stock shareholders of record as of March 15,2008.

CONTACT:

Janie Maddox,

404-846-5056

******************************************************************************