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$41-Mil Post Spring Apartments Leased Up

ATLANTA-The locally based multifamily developer hits 100% occupancy at the 452-unit Vinings community located just off Interstate 285 in northwest of Atlanta.

By Alex Finkelstein | Updated on July 26, 2001

ATLANTA-Post Properties Inc. has hit the bullseye with 100% occupancy at the 452-unit Post Spring apartment complex located in the Vinings community, just off Interstate 285 in northwest Atlanta.

Total build-out cost was $41 million or about $91,000 per unit. Post’s prepared statement didn’t indicate whether the New York Stock Exchange-traded REIT plans to sell the asset shortly. The 30-year-old company owns 33,000 apartment units in 95 communities nationwide, including 3,928 units under development.

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