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| Steve Hallsey Joins AMLI Residential as President of Property Management Company |
CHICAGO, July 7 /PRNewswire-FirstCall/ -- AMLI Residential Properties Trust (NYSE: AML) announces that Steve F. Hallsey has joined the company as President of AMLI Management Company, a subsidiary of AMLI Residential, which provides property management, leasing and corporate homes services to the AMLI(R) portfolio. Mr. Hallsey will also serve as Executive Vice President of AMLI Residential and replaces Bob Aisner, who left AMLI earlier this year. "We are pleased to have Steve as a valuable member of our senior management team," said Allan Sweet, AMLI President. "He will play an important role in AMLI's future." Mr. Hallsey was previously associated with Charles E. Smith Residential, a division of Archstone Smith, as Executive Vice President (2001-2003). His responsibilities included managing a 25,000-unit apartment portfolio in five major markets. In addition, he managed the legal, education, finance, accounting, information technology and asset management departments at that company. Prior to that, Mr. Hallsey was Senior Vice President of Asset Management at Glenborough Realty Trust (1998-2001); President and COO of Western National Group (1995-1998); President of Harbor Group International (1994-1995); Senior Vice President at Balcor-American Express (1990-1994) and Senior Executive Vice President at Clark Financial Corporation (1983-1990). The AMLI(R) portfolio currently includes 75 apartment communities containing 28,531 apartment homes, with an additional 1,817 apartment homes under development or in lease-up in five locations. AMLI is focused on the development, acquisition and management of institutional quality multifamily communities in the Southeast, Southwest, Midwest and Mountain regions 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 through AMLI's co-investment business. AMLI employs approximately 850 people who are dedicated to achieving AMLI's mission -- Provide An Outstanding Living Environment For Our Residents. More information on AMLI is available at http://www.amli.com .SOURCE AMLI Residential Properties Trust
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CONTACT:
Allan J. Sweet, President, +1-312-984-2602,
or Susan S. Bersh, V.P. -- Corporate Communications (for photo
requests), +1-312-984-2607, both of AMLI Residential Properties
Trust
