Post Properties Selects Intuit Real Estate Solutions’ MRI Residential Software as the Hub for their Property Software Environment

CLEVELAND, Ohio — March 17, 2005--Post Properties (NYSE PPS) will use Intuit Real Estate Solutions’, MRI Residential to increase the value of their portfolio of 24,644 residential units. IRES, a business unit of Intuit Inc. (Nasdaq: INTU) develops property management software for the global property management industry. Post Properties develops and operates upscale multifamily apartment communities and has a total market capitalization of $2 billion.

When starting their software selection process, Post focused on five criteria key to their business including: functionality, vendor service and support, cost, technology architecture and vision. A cross section of representatives from each business unit and department evaluated select companies and IRES emerged as the clear winner. "IRES out-performed their competitors and demonstrated their product would help us achieve our business objectives. In addition, the multitude of favorable references from clients gave us the confidence that IRES would be around for the long haul,” said Carl Bonner, senior vice president of IT.

Simplifying Business Operations

“We see MRI Residential as the hub for our entire property operating software environment. We can bill and collect rent easier, with all fees automatically applied. It will also enable us to automate our maintenance and work order system. In addition, our leasing process will be improved with standardized data across the portfolio, eliminating duplicate data entry. Further, having standard unit types and amenity codes will improve our internet marketing, allowing our associates to lease for multiple locations and eliminate additional training when consultants move from one property to another,” Bonner elaborated.

MRI Residential, Improving Post’s Competitive Position

Post believes the improved process will help keep it competitive for years to come. “By streamlining our operations, we will keep our expenses low, while finding lost revenue. In addition, improved productivity will allow our leasing staff to spend more time on client service, helping to improve retention. The system also ensures Sarbanes-Oxley corporate disclosure compliance.

Post also sees IRES playing a role in their future growth. “As we grow through development or acquisition, MRI Residential will enable us to easily configure and deploy new properties,” Bonner concluded.

About Intuit Real Estate Solutions

Intuit Real Estate Solutions offers business management solutions to the global property management industry as well as to corporate real estate managers. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, Intuit Real Estate Solutions strives to develop long-term successful relationships with its clients. Currently, the business has more than 4,500 clients on five continents and in 38 countries. For more information, please visit www.realestate.intuit.com.

About Post Properties

Post Properties, founded more than 30 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. The Company's mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust (REIT), the Company focuses on developing and managing Post® branded resort-style garden and high density urban apartments. In addition, the Company develops high-quality condominiums and converts existing apartments to for-sale multifamily communities through its taxable REIT subsidiary. Post Properties is headquartered in Atlanta, Georgia, and has operations in 10 markets across the country. For more information, please visit their website at http://www.postproperties.com/posthome.nsf.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation software suites for professional accountants. Founded in 1983, Intuit had annual revenue of nearly $1.9 billion in its fiscal year 2004. The company has nearly 7,000 employees with major offices in 13 states across the U.S., and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.