Medical Center area: AMLI Sells 334-Unit Apartment Project

In Houston, A joint venture of Chicago-based Origin Investments and F&B Capital of Austin purchased the 334-unit AMLI at the Medical Center apartment complex on Almeda Road in Houston. The seller, AMLI, has six other apartment projects in Houston and thousands of units across the nation. The project, located on a 14-acre site near Old Spanish Trail, was completed in 2000. Origin Investments and F&B Capital joined forces earlier this year to buy the 344-unit Mission Hills Apartments in Austin. F&B Capital owns the Roscoe Properties management firm.