Post Properties sold its 398-unit Post Town Lake multifamily community in suburban Dallas, Texas.

The value of the transaction was approximately $22 million.

Post Town Lake, which was developed in 1986, comprises apartment units with an average size of 880 square feet.

The sale, to an unaffiliated third party, closed on March 29, 2004.

Atlanta-based Post Properties Inc. is a developer and operator of upscale apartment communities in the United States.

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