AMLI Residential Declares Fourth Quarter Dividend and Announces Revised Dividend Payment Date

CHICAGO, Jan. 9  /PRNewswire-FirstCall/ -- AMLI Residential Properties Trust (NYSE:AML) announces today that its Board of Trustees has declared a fourth quarter dividend of $0.48 per common share. This dividend is payable on January 31, 2006 to all common shareholders of record as of January 20, 2006 and is based on an annual dividend rate of $1.92 per common share.

The AMLI(R) portfolio currently includes 75 apartment communities containing 28,274 apartment homes, with an additional 827 apartment homes under development or in lease-up in three 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/ . 

DATASOURCE: AMLI Residential Properties Trust



CONTACT: Robert J. Chapman, Chief Financial Officer, [phone]

(Phone), or [phone] (Fax)



Web site:  http://www.amli.com/ 

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