Monterey Oaks is a 430-unit complex situated on 26.3 acres atthe intersection of Monterey Oaks Boulevard and Brush Country Road.Apartments average 954 sf, with rents averaging $966 or $1.01 persf per month. AMLI has a 25% interest in the community, with thebalance being controlled by an unidentified institutionalinvestor.

In Dallas, Bent Tree-Phase II is 93.5% leased. The 10.2-acre,200-home community is located at the juncture of Vail and AccentDrive off Trinity Mills in Carrollton. The units, which average 995sf each, have monthly rents averaging $866 or $0.87 per sf. AMLI isthe sole owner of Bent Tree.

AMLI has also completed the initial lease-up and stabilizationof AMLI at St. Charles in Chicago; AMLI Creekside, AMLI WynnewoodFarms and AMLI at Regents Crest-Phase II, all in Overland Park, KS;and AMLI at Lost Mountain in Atlanta. The AMLI portfolio includes67 apartment communities, totaling 26,040 apartment homes. Thereare an additional 2,384 apartment homes under development.