LAWRENCE, KS-AMLI Residential Properties Trust recently sold its AMLI at Alvamar residential complex. AMLI at Alvamar was a wholly owned community and was sold for about $8.9 million to a local real estate company.

The 152-unit community was built in 1989, making it much older than the rest of the REIT’s youth-oriented portfolio, and acquired by AMLI in 1994. AMLI will use the proceeds to fund on-going acquisition and development activity.

The AMLI portfolio currently includes 69 stabilized apartment communities containing 26,506 apartment homes, with an additional 2,217 apartment homes under development or in lease-up in six locations. AMLI Residential is focused on the development, acquisition and management of institutional quality multifamily communities in the Southeast, Southwest, Mountain and Midwest regions of the US.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.