Stichting Bedrijfspensioenfonds voor de Metaal en Technische...

Stichting Bedrijfspensioenfonds voor de Metaal en Technische Bedrijfstakken, Rijswijk, Netherlands, with $17 billion in assets, and AMLI Residential, a real estate investment firm, announced their second joint venture. The Dutch pension fund and AMLI will acquire $260 million in institutional quality multifamily apartment communities in the Southeast, Southwest and Midwest U.S. that will be capitalized with $40 million in equity from each partner, plus an additional $8 million from an existing AMLI partner. The properties will be financed with $170 million in a fixed-rate long-term mortgage.