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McCaslin Memorial I Sold 380 Units in Houston for $52M

REIT To Rename Luxury Apartments at 3003 Memorial to AMLI Memorial Heights
By Vicki Sevel
October 11, 2005 | 3:06 P.M.

Chicago-based AMLI Residential (NYSE: AML) purchased the 380-unit Quarters at Memorial at 3003 Memorial Court in Houston for $52 million, or about $137,000 per unit. The upscale complex was 95% occupied at the time of sale.

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