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April 03, 2019  

Leased-Up Atlanta Rentals Shown

A developer is offering a new apartment property in an affluent neighborhood of Atlanta, with bids expected to come in around $90 million.The 322-unit Chastain Heights was completed last year and is already fully leased. It’s in the tony Chastain Park district, where the median home price is $1.1 million.At the estimated value of $280,000/unit, a buyer’s initial annual yield would be just under 5%. The local owner, Worthing Cos., has...

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