Regions Southeast | Atlanta
Dec 21, 2007
Post Properties Inc. has announced the closing of the sale of its Post Ashford and Post Vinings apartment communities located in Atlanta, Ga. Post sold the communities as part of a Section 1031 transaction through an exchange intermediary. Financial terms and the buyer were not disclosed. Post Ashford and Post Vinings are garden-style communities with a total of 625 apartment units. The properties were completed from 1987 to 1991. Separately, Post added a 396-unit garden-style apartment community in Atlanta to its existing joint venture with Crow Holdings Realty Partners IV L.P., an affiliate of Crow Holdings of Dallas. Post has a 25 percent ownership interest in the venture.
Post Properties Inc. has announced the closing of the sale of its Post Ashford and Post Vinings apartment communities located in Atlanta, Ga. Post sold the communities as part of a Section 1031 transaction through an exchange intermediary. Financial terms and the buyer were not disclosed. Post Ashford and Post Vinings are garden-style communities with a total of 625 apartment units. The properties were completed from 1987 to 1991. Separately, Post added a 396-unit garden-style apartment community in Atlanta to its existing joint venture with Crow Holdings Realty Partners IV L.P., an affiliate of Crow Holdings of Dallas. Post has a 25 percent ownership interest in the venture.
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