Joint venture sells Austin housing

AMLI Residential relinquishes 25% ownership

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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....