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ATLANTA-Following its strategic long-range plan, Post Properties Inc. is leaving Mississippi to concentrate its mixed-use development efforts in upscale urban markets.

The local-based REIT has sold its three apartment assets, totaling 983 units in Ridgeland, MS to Case Ventures of Tulsa, OK for $44.6 million, or about an average $45,371 per unit.

The package deal comprises the Post Mark Apartments, 256 units; Post Pointe, 241 units; and Post Trace, 486 units. Post acquired the assets in its 1997 merger with Columbus Realty Trust. Proceeds will be used for general corporate purposes.

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