AMLI Pays $56M for Apt. Complex

BROOMFIELD, CO-In the largest single-asset multifamily sale in Colorado thus far in 2010, according to brokers from Moran & Co., Chicago-based AMLI Residential has purchased a class-A apartment community here from Dallas, TX-based Trammell Crow Residential. The purchase price of the Alexan Arista 358-unit property was $55.55 million.

Moran & Co. was the exclusive listing agent with partners, David Martin and Pamela Koster of the firm’s Mountain States office representing the seller. According to managing partner Martin, the Alexan Arista property “has tremendous upside due to its strategic location in what is rapidly becoming the ‘alternative energy corridor’ with construction of ConocoPhillips planned R & D facility now underway.”