DALLAS, Nov. 2 /PRNewswire/ -- AMLI Residential Properties Trust
(NYSE: AML) together with KB Home (NYSE: KBH) announces today the introduction
of the AMLI Nest Egg Program to AMLI residents in Dallas/Ft. Worth, Texas.
Additionally, AMLI simultaneously rolled out its Resident Connection Service,
which provides its Texas residents with a convenient time-saving system for
ordering their utilities and other consumer services by accessing a single
website.
    The AMLI Nest Egg Program provides AMLI residents throughout the
Dallas/Ft. Worth area with the opportunity to earn credit towards the purchase
of a new home built by KB Home, one of the area's leading home builders.
Residents will earn a credit equal to 20% of their monthly rent, up to a
maximum of 2% of the home purchase price, which can be applied towards the
purchase price of a new KB Home.  Rent credits can be applied toward closing
costs, base purchase price or options and upgrades.
    AMLI Residential owns 20 luxury apartment communities in the Dallas/
Ft. Worth area consisting of 7,688 apartment homes.  Every AMLI resident
living at these communities is automatically enrolled in the Nest Egg Program
at no cost.  KB Home is one of America's largest homebuilders, currently
offering 20 communities throughout the Metroplex featuring homes priced from
$90,000 to $190,000.
    "We are excited to offer our residents this opportunity to build equity
for a new home while living at our communities.  We recognize that many of our
residents dream of owning their own home some day, and our Nest Egg Program
allows us to help them realize their dream," said Taylor Bowen, Vice President
with AMLI Residential.  "We hope to introduce this program to other AMLI
markets next year."
    At the same time, AMLI announces the roll out of a new service that allows
its Dallas/Ft. Worth, Houston and Austin residents to purchase utilities and
other services from a variety of service providers using a single electronic
platform.  The AMLI Resident Connection Service enables residents to select
and purchase utilities electronically and to receive electronic order
confirmation from service providers through an integrated order retrieval and
response system.  Residents may review a full description of current service
offerings available at their apartment community and may easily compare and
purchase services electronically across over 20 service categories.  Qcorps
Residential, Inc., a private Houston-based company, developed and manages the
system as a simpler way for consumers to order services needed when moving
into an apartment home.   The website and service is privately labeled under
the AMLI(R) brand name and is marketed as the "AMLI Resident Connection
Service."  AMLI plans to launch this program portfolio-wide next year.
    "These two new programs demonstrate AMLI's dedication to servicing our
residents and continuously working to offer programs that will enhance their
experience from the day they sign a lease to the day they leave us to purchase
their first home," commented Robert S. Aisner, Executive Vice President with
AMLI Residential.
    The AMLI(R) portfolio currently includes 70 apartment communities
containing 26,826 apartment homes, with an additional 3,059 apartment homes
under development or in lease-up in eight locations.  AMLI is focused on the
development, acquisition and management of institutional quality multifamily
communities in the Southeast, Southwest, Midwest and Mountain Regions 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 through AMLI's co-investment business.  AMLI employs
approximately 875 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 .

Link to this page:

  

http://www.prnewswire.com/comp/116726.html
CONTACT:
Taylor Bowen, Vice President,
+1-972-265-6726, or Jeff Leaders, Vice President,
+1-913-905-1312, both of AMLI Residential Properties Trust

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