AMLI Residential Details 1999 Dividends Paid

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AMLI Residential Details 1999 Dividends Paid
    CHICAGO, Jan. 10 /PRNewswire/ -- AMLI Residential (NYSE: AML) announces
its 1999 dividend distributions on its common shares will represent
approximately 54% long-term capital gain and 46% ordinary income.

    1999 Reporting Information (Form 1099) - Distributions
    The income tax treatment for the 1999 distributions for AMLI Residential
Properties Trust, CUSIP #001735109 traded under ticker symbol AML is as
follows:
                                                           Distribution Type
                   1999                                  Ordinary      Return
    Declaration   Record         Payable   Distributions  Taxable        of
    Dates          Dates          Dates      Per Share   Dividend     Capital

    Feb 1          Feb 12        Feb 23        $.45      $0.2088     $0.0000
    May 3          May 14        May 25        $.45      $0.2088     $0.0000
    August 2       Aug 13        Aug 24        $.45      $0.2088     $0.0000
    Nov 1          Nov 12        Nov 23        $.46      $0.2134     $0.0000
    Totals                                    $1.81      $0.8397     $0.0000


                                                          Distribution Type
                                                        Long-Term   Sec. 1250
                   1999                                  Capital      Capital
    Declaration   Record        Payable    Distributions  Gain          Gain
    Dates          Dates         Dates       Per Share  20% Rate     25% Rate

    Feb 1          Feb 12       Feb 23         $.45      $0.1638     $0.0774
    May 3          May 14       May 25         $.45      $0.1638     $0.0774
    August 2       Aug 13       Aug 24         $.45      $0.1638     $0.0774
    Nov 1          Nov 12       Nov 23         $.46      $0.1674     $0.0792
    Totals                                    $1.81      $0.6588     $0.3115

    In addition to the dividends distributed as shown above, the Company has
apportioned alternative minimum tax adjustment and preference items to its
shareholders in an amount equal to 16.156193% of the total dividend
distributed.  Individual taxpayers should report this amount on Form 6251,
line 8 - Post-1986 depreciation.  The company incurred no foreign taxes.
    The AMLI(R) portfolio currently includes 55 apartment communities
containing 21,451 apartment homes, with an additional 4,298 apartment homes
under development or in lease-up in 14 locations.  AMLI Residential is focused
on the development, acquisition and management of institutional quality
multifamily communities in the Southeast, Southwest and Midwest areas of the
U.S.  AMLI Residential also serves as institutional advisor and asset manager
for large pension funds, tax-exempt foundations and other financial
institutions with respect to their multifamily investment activities.
    AMLI press releases and other company information are available at AMLI's
web site located at http://www.amliresidential.com .
SOURCE AMLI Residential
http://www.amliresidential.com
Company News On-Call:
http://www.prnewswire.com/comp/121644.html or fax,
800-758-5804, ext. 121644
CONTACT:
Lana Allen of AMLI Residential, 312-984-5045