Stockert Heading To Board, Post Brand To Remain

Post Properties' longtime CEO, David Stockert, will segue out of day-to-day operations of a newly merged apartment conglomerate by year's end. And yes, Post's brand will stay, for now.

David Stockert
Photo credit: Bisnow

We spoke with Dave following his appearance at our Big Show: Midtown & Downtown event this morning at the Georgia Aquarium. Dave, who spoke on our Downtown Atlanta panel, told us after the talks that he will likely ascend to the board of directors of a post-Post Properties/Mid-America Apartments REIT merger.

The pending $4B marriage was announced earlier this month—the resulting entity will own more than 300 properties with 105,000 units—and will be led by MAA CEO Eric Bolton and headquartered in Memphis.

AGH Randy Gold Todd Schneider SkyView Partners Todd Hill DTJ Design David Stockert Post Properties
Photo credit: Bisnow

Dave—here on a panel with AGH's Randy Gold, SkyView Partners' Todd Schneider and DTJ Design's Todd Hill—says he's focused on simply getting the deal done by the end of the year. He also confirmed that MAA will keep the Post brand on the REIT's current portfolio because the company sees “value” in a singular brand.

But, he's unsure how the brand will continue or grow moving forward. “What we don't want to end up with is with two different companies in one company,” Dave says.

Trillist Cos Scott Leventhal Harold Shumacher Group
Photo credit: Bisnow
Trillist Cos.' Scott Leventhal and The Shumacher Group's Harold Shumacher

We also learned Trillist Cos may not only be doing a hotel along Crescent Avenue. We spoke with Trillist CEO Scott Leventhal (on left with Shumacher Group's Harold Shumacher) after his panel appearance this morning; he tells us the firm also owns land adjacent to its planned SLS Hotel & Residences at 1122 Crescent Ave.

The plot, at 1138 Peachtree St, where he originally planned to build a Mandarin Oriental hotel, could instead see some 312 apartment units that could include a mix of condos. “Expect an announcement soon,” Scott teased.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Self-Storage Sector Bounces Back As Investors Move Past Market 'Trough'

1200 White St., Atlanta's Newest Creative Hub, Is Transforming The West End

Regent In Talks To Buy Tower Place 100: The Atlanta Deal Sheet

New Office Construction Is On Pause In Atlanta. Landlords Have A Chance To Fill Their Towers

Brookhaven Apartment Tower Sells For $101M As Investors Target Prime Atlanta Properties

Big-Box Leasing Returns To Atlanta's Industrial Market

New Housing Law To Send Institutional Investors Flocking To Build-To-Rent

Beleaguered Kennesaw Regional Mall Goes Back To Lender

Security Firm Moving To One Alliance Center: The Atlanta Deal Sheet