Stichting Bedrijfspensioenfonds voor de Metaal en Technische Bedrijfstakken, Rijswijk, the Netherlands, with 29 billion guilders ($12.5 billion) in assets, and AMLI Residential Properties Trust — through a joint venture — have purchased AMLI on Frankford, a 582-unit luxury apartment community in Dallas. The partners each contributed 45% of the equity, and an anonymous institutional investor contributed the remaining 10%. Northwestern Mutual Life provided a $25.5 million seven-year loan at 8.25% interest, amortizable over 30 years. The price of the property was not disclosed.
Stichting Bedrijfspensioenfonds voor de Metaal en Technische...
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