David Fersing of the Dallas-based Apartment Group tellsGlobeSt.com that Post is selectively disposing of its Texasholdings, particularly those of the 1980s vintage. Fersing says thePost strategy will be to hold onto the majority of its UptownDallas mid-rise properties. A final determination of what stays andwhat goes in the Texas portfolio has yet to be made. It is knownthat Post's Houston and Austin CBD projects will not go up forsale, according to Fersing. CB Richard Ellis in Atlanta is handlingthe same type of Post Properties' disposition on the EastCoast.

"It's not a fire sale by any means," Fersing emphasizes. "And sofar, it's working with great success."

Post Hackberry Creek, says Fersing, should draw better than 20buyers to the bidding war--a conclusion based on Dallas-Ft. Worthmarket demand for upscale multifamily properties. Offers are due byAug. 20.

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