Multifamily

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.

ATLANTA — Post Properties has secured a 5-year, $29.3 million mortgage loan with Fannie Mae for the 276-unit Post Biltmore apartment complex, located at 855 W. Peachtree St. in Atlanta. The loan, which requires fixed interest-only payments of 5.83 percent, matures in September 2013. Post owns 35 percent of the property in an unconsolidated joint venture.

LAFAYETTE, LA. — The Columbus, Ohio, office of Grandbridge Real Estate Capital has secured a $24 million mortgage for the 205-unit The Quarters at Rue Principale, a student-housing complex located on the University of Louisiana at Lafayette campus. The property, which was built in 2007, is fully leased for the spring 2008 semester. Fannie Mae financed the 10-year, fixed-rate loan that includes 2 years of interest-only payments and a 30-year amortization schedule.

VALRICO, FLA. — Thomas D. Wood & Co.’s Susan Traino and Christian Johannsen have arranged a $5 million loan for the 224-unit Bloomingdale Woods Condominiums, located at 3431 Eagle Ridge Rd. in Valrico. The 6.75 percent, 5-year loan, which was financed through a regional bank, comes with a 25-year amortization.