Construction industry estimators tell GlobeSt.com the replacement cost for a comparable property today would be at least $90,000 per unit. In a prepared statement, Post didn't disclose the occupancy or rent range at Post Court.
Post has sold $42 million of apartment properties this year. The REIT owns 32,438 units in 94 properties. The portfolio includes 2,604 units under construction.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
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.
