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AMLI Residential buys Colorado apartment complex for $108M

Chicago-based AMLI Residential Properties LP, through PPF AMLI 801 South Cherry Street LLC, acquired an apartment complex in Glendale, Colo., from California-based MKS Residential for $108 million, BusinessDen reported, citing county records.

The 341-unit property at 801 S. Cherry St. was completed in 2016 and was 92% leased when it changed hands, according to the publication.

Newmark Knight Frank represented MKS Residential in the transaction, the Jan. 7 report added.