Apartment Investment and Management Company Announces Resignation of Chief Accounting...

Apartment Investment and Management Company Announces Resignation of Chief
Accounting Officer Scott Fordham

DENVER, March 27 /PRNewswire-FirstCall/ -- Apartment Investment and
Management Company ("Aimco") (NYSE: AIV) today announced that Scott W. Fordham
will step down as chief accounting officer in late April 2008. Mr. Fordham
plans to return with his family to his Texas roots and pursue an opportunity
as chief accounting officer with an office REIT lead by Tom August, the former
CEO of Prentiss Properties Trust ("Prentiss"), with whom Mr. Fordham served as
senior vice president and chief accounting officer prior to Prentiss's 2006
merger with Brandywine Realty Trust.
Aimco's Executive Vice President and Chief Financial Officer, Tom Herzog,
said, "I would like to express my appreciation and gratitude to Scott for his
many lasting contributions as chief accounting officer. Scott has exceptional
skills and has been a tremendous leader to our accounting team."
Mr. Fordham will remain with Aimco through the first quarter close in
order to ensure an orderly transition.
Aimco is actively engaging in a search of internal and external candidates
to fill the chief accounting officer position. In the interim, Aimco's
corporate controllers and senior accounting staff will report to Mr. Herzog.
Aimco is a real estate investment trust headquartered in Denver, Colorado
that owns and operates a geographically diversified portfolio of apartment
communities through 19 regional operating centers. Aimco, through its
subsidiaries and affiliates, is the largest owner and operator of apartment
communities in the United States with 1,169 properties, including 203,040
apartment units, and serves approximately 750,000 residents each year. Aimco's
properties are located in 46 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. For more information about Aimco,
please visit our web site at http://www.aimco.com.
SOURCE Apartment Investment and Management Company

Investor Relations, +1-303-691-4350, Investor@aimco.com, or Elizabeth Coalson,
Vice President - Investor Relations, +1-303-691-4327, both of Apartment
Investment and Management Company