AMLI Residential Properties Trust has acquired AMLI at Westcliff (formerly the Retreat at Westcliff) in Westminster, Colo., and has sold AMLI at Nantucket and AMLI on Timberglen, both in Dallas, Texas.

The total value of the transactions was not disclosed.

AMLI at Westcliff is a 372-unit luxury apartment community set on approximately 26.5 acres located on Westcliff Parkway, just west of Highway 36 and South of Church Ranch Blvd. The community was completed in 2003 and contains 372,220 rentable square feet in 20 two- and three-story buildings with 232 (63 percent) one-bedroom, 124 (33 percent) two-bedroom and 16 (4 percent) three-bedroom apartment homes. The average size of the apartment homes is 1,001 square feet. The community includes a swimming pool, fitness center, two sand volleyball courts, resident business center and attached and detached garages.

AMLI at Nantucket contains 312 apartment homes and was built in 1986 and owned by AMLI since its initial public offering (IPO) in 1994.

AMLI on Timberglen contains 260 apartment homes and was built in 1985 and owned by AMLI since its IPO.

AMLI (NYSE: AML) is focused on the development, acquisition and management of multifamily communities nationwide.

***

What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.

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
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
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