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Virginia Retirement System (VRS) announced a $200 million commitment to AMLI Residential III, a joint venture with AMLI, a private real estate development company. This commitment was made on Aug. 26, according to the meeting minutes from the VRS Board of Trustees meeting.

AMLI Residential owns and manages more than 25,000 units of apartment properties in eight U.S. markets. AMLI Residential III is a joint venture focused on core, class A apartment properties in the United States.