Amli Sells Deerfield Apartment Complex

Amli Residential, the massive apartment giant backed by Morgan Stanley, is selling its 240-unit Deerfield, Illinois complex—located at 1525 Lake Cook Road—just as Chicago’s rental market surges. Built in 2015 and sitting at 99% occupancy, the mid-rise property is being handled by JLL brokers and sits near I-94 and hotels. With Amli owning over 25,000 units nationwide, this move reflects a savvy play in a booming seller’s market, where demand is outpacing supply and rents are climbing. Earlier this year, Amli made headlines with a $134M purchase of a West Loop tower—part of a record $4.5B invested in Chicago multifamily in 2025. This sale shows Amli remains a key player, strategically trimming assets while staying deeply invested in the sector’s momentum. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da977e76894028b4