Stichting Bedrijfspensioenfonds voor de Metaal en Technische...

Stichting Bedrijfspensioenfonds voor de Metaal en Technische Bedrijfstakken, Rijswijk, Netherlands, and AMLI Residential Properties Trust have purchased a 328-unit new luxury apartment community at Woodward Park, Alpharetta, Ga. The $14 billion BPMT and AMLI, which each contributed 50% of the equity, formed a joint venture earlier this month to acquire $165 million in multifamily communities in AMLI’s seven markets. While the price of the latest deal was not disclosed, AMLI said it will be financed with a seven-year loan at a rate of 7.27% that can be amortized over 30 years.