Aug 18 (Reuters) - US Residential Fund USR.AX :
* Says sale of 16 Atlanta properties for US$1.3 million
* Says as a result of the sale the fund has paid down US$1.24 million in debt
* Says "transaction has removed the debt associated with these properties and released a further 12 single family homes"
* Source text for Eikon ID:nASX3CsJNz