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RICHARDSON — Institutional Property Advisors (IPA) has arranged the sale of the 440-unit AMLI at Breckinridge Point, a 426,390-square-foot luxury multifamily community located at 4250 E. Renner Road in Richardson. Will Balthrope and Drew Kile of IPA represented the seller, Chicago-based AMLI Residential Properties, in the transaction. Los Angeles-based JRK Property Holdings was the buyer. The property is currently 95 percent occupied. IPA is a recently formed multifamily brokerage division of Marcus & Millichap.