ATLANTA—Charlotte, NC-based CrescentCommunities reports it has closed on the sale of itsCrescent Terminus luxury apartment community inBuckhead to an affiliate of the Berkshire Groupbased in Boston.

No financial terms of the transaction were disclosed. The dealcompletes the second sale in a portfolio of nine multi-familyproperties developed by Crescent. In October, Crescent Communitiescompleted the sale of Crescent Bayshore, a 367-unit apartmentcommunity in downtown Tampa, to UBS Global Asset

“Crescent Communities' defining mission is to better people'slives by building world-class communities that are fiscally andenvironmentally sustainable,” says Todd Mansfield,president and CEO of Crescent Communities. “Terminus demonstratesCrescent's signature approach to creating exceptional value: wetook the time to identify an extraordinary site, and then used ourconsumer-driven research to develop visionary designs that offerresidents the vibrant, affordable and walkable community they wereseeking.”