UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July~~August 233, 2009

Post Properties, Inc.

Post Apartment Homes, L.P.

(Exact name of registrant as specified in its charter)

Georgia

(State or other jurisdiction of incorporation)

1-12080

0-28226

(Commission File Number)

58-1550675

58-2053632

(IRS Employer Identification Number)

4401 Northside Parkway, Suite 800, Atlanta, Georgia 30327

(Address of principal executive offices)

Registrant’s telephone number, including area code (404) 846-5000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.0102. ~~Completion~~Results of ~~Acquisition~~Operations orand ~~Disposition~~Financial ~~of Assets~~Condition.

On ~~July~~August 233, 2009, Post Properties, Inc., ~~through~~and ~~its majority owned operating subsidiary,~~ Post Apartment Homes, L.P. (~~together,~~collectively referred to as the “~~Company~~Registrants”), ~~sold~~issued an Earnings ~~apartment~~Release ~~community,~~and ~~located~~Supplemental inFinancial ~~Atlanta,~~Data ~~Georgia,~~announcing ~~formerly~~their ~~operated~~financial ~~as Post~~results ~~Ridge®~~for the quarterly period ended June 30, 2009. The ~~sale~~Earnings ~~was~~Release ~~consummated~~and ~~pursuant~~Supplemental toFinancial aData ~~purchase~~contain information about the Registrants’ financial condition and ~~sale~~results ~~agreement~~of operations for the quarterly period ended June 30, a2009. A copy of ~~which~~the Earnings Release is ~~included~~attached hereto as Exhibit 99.1 and is incorporated ~~herein~~ by reference herein in its entirety. ~~The~~A ~~sales~~copy ~~price~~of ~~for~~ the ~~community~~Supplemental ~~was~~Financial Data ~~approximately~~is ~~$44.8~~attached ~~million.~~hereto ~~The~~as ~~purchaser~~Exhibit ~~was Centennial Ridge, LLC, an independent third party to the Company~~99.2 ~~The~~and ~~sales~~is ~~price~~incorporated ~~was~~by ~~determined~~reference ~~based~~herein ~~on arms-length~~in ~~negotiations~~its ~~between the parties~~entirety.

The property formerly operated as Post Ridge® is a 434-unit garden-style apartment community located in the northwest area of Atlanta, Georgia and was completed in 1998.

As of March 31, 2009 and December 31, 2008, the Company classified the Post Ridge® apartment community as an asset held for sale with a net book value of approximately $26.9 million and $26.8 million, respectively. As a result, the operating results of this community were reflected in discontinued operations in the Company’s statements of operations for the three months ended March 31, 2009 and the year ended December 31, 2008.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1 Purchase and Sale Agreement.


99.1		Earnings Release
99.2		Supplemental Financial Data

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: ~~July~~August 274, 2009

POST PROPERTIES, INC. By: /s/ ~~Christopher~~David JP. ~~Papa~~Stockert ~~Christopher~~David JP. ~~Papa~~Stockert ~~Executive Vice~~ President and Chief ~~Financial~~Executive Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: ~~July~~August 274, 2009

POST APARTMENT HOMES, L.P. By: POST GP HOLDINGS, INC., as General Partner By: /s/ ~~Christopher~~David JP. ~~Papa~~Stockert ~~Christopher~~David JP. ~~Papa~~Stockert ~~Executive Vice~~ President and Chief ~~Financial~~Executive Officer

EXHIBIT INDEX

ExhibitNumber		Index
Exhibit Number		Description
99.1		~~Purchase~~Earnings ~~and Sale Agreement.~~Release
99.2		Supplemental Financial Data

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