Search
 

Post Parkside Leases Up on Fast Track

ORLANDO-The 244-unit Downtown lakefront apartment complex, acquired by Atlanta-based Post Properties Inc. two years ago, is 100% leased. Two-bedroom, two-bath units rent for $2,525 per month.

By Alex Finkelstein | Updated on September 12, 2000

ORLANDO-Post Properties Inc., an Atlanta-based developer with 30 years in the apartment field, has leased up its 244-unit Downtown property on a two-year fast track. The total build-out cost was $31 million. Funds from operations show a yield of 9.3%.

The monthly rent range is $795 for a 500-sf studio apartment and bath to $2,525 for a two-bedroom, two-bath, 1,865-sf unit. Post ran the fast track by a blend of new construction and adaptive re-use of older real estate in a highly-desirable location.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.