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AMLI Buys Woodland Hills Apts. for $100M

LOS ANGELES-The all-cash deal for 522 units at 21200 Kittridge St. closes in 30 days.

By David Myers | Updated on January 03, 2013

LOS ANGELES-AMLI Residential has bought a 522-unit apartment complex in Woodland Hills from Archstone for more than $100 million, a broker involved in the sale says.“It was one of the smoothest sales that I have ever worked on,” Brett Betzler of Irvine, CA-based brokerage Moran & Co., tells Globest.com.

“The buyer did everything they said they would do, paid cash, and completed the purchase in less than 30 days,” adds Betzler, who brokered the deal on behalf of Colorado-based Archstone with Moran & Co. president Mary Ann King.

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