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Pricing Supplement Dated February 27, 1997 Rule 424(b)(3)
(To Prospectus dated August 9, 1996 and File No. 333-03555-01
Prospectus Supplement dated January 29, 1997)
POST APARTMENT HOMES, L.P.
MEDIUM-TERM NOTES -- FLOATING RATE
CUSIP NO. 73741PAA3
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Principal Amount: $30,000,000 Initial Interest Rate: 5.78906%
Agent's Discount or Commission: .350% Original Issue Date: March 4, 1997
Net Proceeds to Issuer: $29,895,000 Stated Maturity Date: March 3, 2000
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Calculation Agent: Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Interest Calculation:
[X] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note
[ ] Inverse Floating Rate Note (Fixed Rate Commencement Date):
(Fixed Interest Rate) (Fixed Interest Rate):
[ ] Other Floating Rate (see attached)
Interest Rate Basis:
[ ] CD Rate [ ] Prime Rate [ ] Federal Funds Rate
[ ] Commercial Paper Rate [ ] LIBOR Reuters [ ] Treasury Rate
[ ] Other (see attached) [X] LIBOR Telerate [ ] 11th District Cost of Funds Rate
[ ] CMT Rate
If LIBOR, Designated LIBOR Page: [ ] Reuters Page: ______________ Designated CMT Telerate Page:
[X] Telerate Page: 3750 Designated CMT Maturity Index:
Index Currency: U.S. Dollars
Initial Interest Reset Date: June 3, 1997 Spread (+/-): + 25 basis points
Interest Reset Dates: March 3, June 3, Sept. 3, Dec. 3 of each year Spread Multiplier:
Interest Payment Dates: March 3, June 3, Sept. 3, Dec. 3 Maximum Interest Rate:
of each year commencing June 3, 1997 Minimum Interest Rate:
Index Maturity: 3 months
Day Count Convention:
[X] Actual/360 for the period from March 4, 1997 to March 3, 2000
[ ] Actual/Actual from the period from to
[ ] 30/360 for the period from to
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: ____%
Annual Redemption Percentage Reduction: ____% until Redemption Percentage is 100% of the Principal Amount.
Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option of the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: ____%
Currency:
Specified Currency: U.S. Dollars (If other than U.S. dollars, see attached).
Minimum Denominations:__________ (Applicable only if Specified Currency is other than U.S. dollars).
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID: Yield to Maturity:
Initial Accrual Period:
Form: [X] Book-Entry [ ] Certificated
Agent: [X] Merrill Lynch & Co.
[X| J.P. Morgan
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as principal:
[ ] The Notes are being offered at varying prices related to prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering price of ____% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price of 100.00% of principal amount.
Other Provisions:
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