Christopher Papa will step down as Post Properties Inc.'s executive vice president and CFO,effective May 31, in order to assume the same positions at Liberty Property Trust, effective June 1.

Until Post Properties is able to find a replacement for Papa,his responsibilities will be assumed by other members of the company's senior managementteam, including Arthur Quirk, who has been the company's chief accounting officersince 2001.

At Liberty Property, Papa will succeed George Alburger Jr., whowill retire from his position as executive vice president and CFO, effective June1.

Alburger will, however, remain with Liberty Property in an advisorycapacity and to assist the company with the transition until the end of the year.