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Post Properties surges on US$3.9b deal with Mid-America

The combined firm will have a market value of US$17b and become the largest listed apartment landlord

New York

POST Properties Inc shares rose the most in seven years after Mid-America Apartment Communities Inc agreed to buy the real estate investment trust (Reit) for about US$3.9 billion, forming a company with about 105,000 multi-family units amid rising demand for rental housing.

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