Post Properties of Atlanta and its joint
ROBERT STEUTEVILLE JUL. 1, 2003
Post Properties of Atlanta and its joint venture partner, the New York State Common Retirement Fund, sold the 391-unit Post Paseo Colorado apartments in Pasadena, California, for $98 million. The apartments were 80 percent occupied at the time. The purchasers were described as a “client of SSR Realty Advisors Inc. of Morristown, New Jersey.” The apartments will be renamed the Terraces at Paseo Colorado. See pages 10 and 11 for an in-depth look at the overall Paseo Colorado development.
