A joint venture between AMLI and an undisclosed investor sold its 576-unit Wells Branch multifamily community in Austin, Texas.

The value of the transaction was not disclosed.

The property, in which AMLI owned a 25 percent interest, was built in 1999.

An affiliate of Waterton Associates LLC, a private investment group, was the buyer.

AMLI Residential Properties Trust (NYSE: AML) is focused on the development, acquisition and management of institutional-quality multifamily communities.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription