Chicago-based AMLI Residential owns a 25% interest in the apartment community in joint venture with The Western and Southern Life Insurance Co. and Eagle RealtyGroup.
Jim Thomas, senior vice president, says the addition of newly constructed communities like this keeps the "caliber of the portfolio high and its average age low" -- about six years old, on average.
AMLI's portfolio now includes 71 apartment communities containing 27,258 apartment homes, with an additional 2,937 apartment homes under development or in lease-up in eight locations.
AMLI is focused on the development, acquisition and management of multifamily properties in the Southeast, Southwest, Midwest and Mountain Regions areas of the US. AMLI Residential also serves as institutional advisor and asset manager for large pension funds, tax-exempt foundations and other financial institutions through AMLI's co-investment business.
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