POST PROPERTIES SELLS ATLANTA COMPLEX FOR $38.5 MILLION

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ATLANTA — Atlanta-based Post Properties has sold its 250-unit Post Oglethorpe, an apartment complex located at 3070 Ashford-Dunwoody Rd. in Atlanta, to an undisclosed buyer for $38.5 million. The property, which was built in 1994, has an average unit size of 1,150 square feet. Post is expected to see a profit of $23 million in the sale.

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