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JV Sells Post Biltmore in Midtown for $51M

Mesirow Financial Acquires 276-Unit Complex; Renames it Biltmore
By Finerve Holder
March 5, 2012 | 3:33 P.M.

JPMorgan and Post Apartments Homes LP sold the former Post Biltmore property to Chicago-based investor Mesirow Financial Real Estate for $51 million, or approximately $185,000 per unit. The 361,746-square-foot complex, which is at 855 W. Peachtree St. in Atlanta, was 97 percent leased at the time of sale. Mesirow renamed it the Biltmore.

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