Post Properties to spend on paint, technology

Post Properties said its business strengthened in 2013 as the Atlanta-based apartment company filled three new projects and “substantially” exited the condominium business.

“In these and other ways, the business has been strengthened and positioned for ongoing success,” CEO Dave Stockert said in a statement Monday.

The company is spending more money painting properties this year, and upgrading its technology. Post said it intends to sell some apartments in 2014, and will use the money to pay down debt, for new development, or for other reasons.

Post made $106.8 million in 2013, a 33 percent increase over 2012. Revenues rose 9.8 percent, to $362.7 million.

The company expects revenues on existing properties to increase between 2.3 and 2.8 percent in 2014.

About the Author

New Sandy Springs fitness club allows for workouts near your workplace

Life Time Fitness opened its ninth Atlanta area location in the Concourse at Landmark Center in Sandy Springs, a campus defined by the recognizable King and Queen buildings.

Metro Atlanta consumers grapple with higher prices on food, other goods

Inflation recently reached its highest level this year, with prices increasing for food, housing and other necessities.

At long last: CBS’ first Atlanta newsroom wraps debut broadcast

Less than four months after announcing plans to upstart a news operation in Atlanta, CBS’ first local news broadcast has arrived.

The Latest

Credit: Miguel Martinez

Opinion: Charging EVs away from home keeps getting easier

Hyundai’s Georgia electric vehicle plant: What you need to know

OPINION

EV tax credits end in September. Here are the cars that qualify.

Featured

Credit: NYT

Fani Willis loses last chance to stay at the helm of Trump Georgia election interference case

Georgia's top court declines to hear Fani Willis appeal in Trump case, meaning she can no longer pursue the election interference case.

Investigator: Ex-APD officer raped woman on duty, returned when she called 911

Fulton County Magistrate Judge Todd Ashley ruled there was enough evidence for the case to proceed against former officer Muhammad Muhammad.

Cobb County agency green lights tax break for Home Depot’s $140M project

The Development Authority of Cobb County voted 6-0 to give initial approval for Home Depot's request Tuesday but didn't disclose the property tax savings the company sought.