(To read more on the multifamily market, click here.)
ATLANTA-Locally based Post Properties has sold the 182-unit PostOak apartment community at 1570 Sheridan Rd. for $24 millionthrough a Section 1031 exchange intermediary.
The buyer of the property was not disclosed. Located in theEmory section of Atlanta, Post Oak is a garden-style communityconstructed in 1993 with units averaging 997 sf. The complexcontains one-bedroom, one-bathroom units that are 550 sf and rentfrom $760; two-bedroom, one-bathroom units that are 983 sf and rentfrom $1,000; two-bedroom, two-bathroom units that are 1,127 sf andrent from $1,080 and three-bedroom, two-bathroom units that are1,323 sf and rent from $1,190.
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