REIT Closes $110M Loan

AMLI Residential Properties Trust, Chicago, has announced the closing of a $110 million unsecured loan with a group of banks.The line carries an interest rate of 100 basis points above the London interbank offered rate and provides for an initial four-year term and a one-year extension at AMLI's option, the real estate investment trust said. Wells Fargo Bank NA is the lead arranger, sole bookrunner, and administrative agent for the loan. Other participating banks are PNC Bank NA, Commerzbank AG, and Comerica Bank. The REIT can be found online at http://www.amli.com.

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