AMLI Residential Properties Trust acquired the 322-unit AMLI on the Fairways apartment community in Coppell, Texas.
The value of the transaction was not disclosed.
AMLI on the Fairways, formerly known as Greenbrier at Riverchase, is set on approximately 16.4 acres located on the Riverchase Golf Course.
The community was built in 2002 and contains 289,874 rentable square feet in 26 two-story buildings with 182 (57 percent) one-bedroom, 116 (36 percent) two-bedroom and 24 (7 percent) three-bedroom apartment homes. The average size of the apartment homes is 900 square feet.
The community includes a resort-style swimming pool and spa, fitness center, indoor basketball court, resident business center and attached garages.
AMLI (NYSE:AML) is focused on the development, acquisition and management of institutional quality multifamily communities nationwide.