(Read more on the multifamily market.)
ATLANTA-On the heels of announcing $60 million in net income forQ2, locally based Post Properties Inc. acquired the 350-unitCentergate Baldwin Park apartment complex in Orlando. The netincome reflects a jump from a reported $12.1 million during Q22006.
On a diluted per share basis, net income was $1.40 for thesecond quarter compared to 28 cents a year ago. "Apartment marketconditions remain favorable, our condominium business producedsolid results and we grew our development pipeline, commencing twonew projects," said Post Properties CEO and president DavidStockert, in announcing the Q2 financial results.
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