Aimco Donates $300,000 in Building Materials to Habitat for Humanity

Doors, Siding, New Cabinets to be Used in San Francisco, East Bay
SAN FRANCISCO--(Business Wire)--
Apartment Investment and Management Company (Aimco), one of the nation`s largest
owners and operators of apartment communities, is donating $300,000 worth of
building materials that will be used by Habitat for Humanity to construct
housing for those in need.

"We are very pleased to provide these excess materials, including new doors,
siding, window frames and other fixtures from some of our recent redevelopment
projects," said Miles Cortez, Aimco`s Chief Administrative Officer. "As one of
the nation`s largest providers of affordable housing, we at Aimco understand and
deeply appreciate the efforts of Habitat for Humanity to create accessible
housing for people who need it most."

The materials will be split between Habitat for Humanity`s Greater San Francisco
and East Bay affiliates. In San Francisco, the Aimco items will be used at the
Whitney Young Circle development where seven affordable homes are being built.
In Oakland, the building materials will be used at the Edes Avenue development
where 54 homes are being built. Other items will be sold at Habitat for Humanity
East Bay`s ReStore, a new and used building material outlet store, to raise
funds to support Habitat`s affordable housing programs.

"Both Habitat Greater San Francisco and Habitat East Bay are thrilled about this
donation," said Habitat East Bay President, Janice Jensen. "We rely on community
members and local businesses to provide the funding and building materials to
make these affordable homes possible. This donation will bring working families
that much closer to realizing their dream of owning a home."

Aimco has recently completed a multi-stage $60 million renovation of 604
residences in Hunters Point. The company acquired the four apartment communities
- All Hallows, LaSalle, Bayview and Shoreview -- in 1998. As part of the
renovation, Aimco has committed to keeping these residences affordable for 55
years.

Aimco also provided $1 million in crucial seed money for the new Willie Mays
Boys and Girls Clubhouse at Hunters Point. The funds helped pay for a new
gymnasium, a multi-media center, an organic garden and teaching kitchen and a
community policing office staffed by the San Francisco Police Department.

About Aimco

Aimco is a real estate investment trust headquartered in Denver, Colorado that
owns and operates a geographically diversified portfolio of apartment
communities. Aimco, through its subsidiaries and affiliates, is one of the
largest owners and operators of apartment communities in the United States with
976 properties, including 160,118 apartment units, and serves approximately
500,000 residents each year. Aimco's properties are located in 44 states, the
District of Columbia and Puerto Rico. Aimco common shares are traded on the New
York Stock Exchange under the ticker symbol AIV and are included in the S&P 500.

About Habitat for Humanity Greater San Francisco

Habitat for Humanity Greater San Francisco is an affiliate of Habitat for
Humanity International that partners with working families and the community to
build affordable ownership homes in Marin, San Francisco and the Peninsula.
Formed through the merger of Peninsula Habitat for Humanity and Habitat for
Humanity San Francisco in August 2008, Habitat for Humanity Greater San
Francisco provides a unique solution to the local housing crisis and has enabled
nearly 150 families to purchase affordable housing since 1989. For additional
information about Habitat for Humanity Greater San Francisco, go to:
www.habitatgsf.org.

About Habitat for Humanity East Bay

Formed in 1988 and now the largest affiliate in the Bay Area, Habitat for
Humanity East Bay creates successful homeownership opportunities for families
with limited incomes by building environmentally sustainable housing and
revitalizing neighborhoods. In 2008, Habitat East Bay celebrated its twentieth
anniversary and the completion of its 200th home. Now, with the help of the
community, Habitat East Bay is launching a campaign to complete the next 200
homes in just five years. For more information about Habitat for Humanity East
Bay, go to: www.HabitatEB.org.

For Aimco:
Cindy Duffy, 303-793-4834
or
For Habitat for Humanity Greater San Francisco:
Jennifer Doettling, 650-430-4248 (cell)
or
For Habitat for Humanity East Bay:
Jo Ann Driscoll, 510-459-8144 (cell)

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