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Good Times for the Apartment Biz in ATL

The apartment building boom and citizens' flight to rental properties covered so incessantly here and elsewhere is starting to have some positive effects on the bottom lines of large multifamily housing groups. Atlanta's own Post Properties- a major Atlanta landlord and progenitor of the suburban garden apartment style so popular in the Sunbelt of the U.S. is among those reporting profits that are at least partially attributable to increased rents and decreased vacancies (Post also got a hefty slug of cash from the recent sale of Post Biltmore, pictured, photo courtesy of ATL Mud). In semi-related news, Atlanta's Novare Group- already at work on Skyhouse- announced another new apartment project in Midtown. [AJC / ATL Biz Chron]