Profile: Apartment Investment and Management Co (AIV)
24 Feb 2017
Apartment Investment and Management Company (Aimco), incorporated on January 10, 1994, is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. The Company operates through two segments: conventional real estate and affordable real estate. Its conventional real estate segment includes over 140 apartment communities with over 40,460 apartment homes. Its affordable real estate operation comprises approximately 60 apartment communities with over 8,680 apartment homes. The Company owns and operates a portfolio of market-rate apartment communities. Aimco Operating Partnership conducts the Company's business, which is focused on the ownership, management, redevelopment and limited development of apartment communities located in the coastal and job growth markets of the United States.
Conventional Real Estate
The Company's conventional segment consists of apartment communities, which it classifies as Conventional Same Store, Conventional Redevelopment and Development, Conventional Acquisition and Other Conventional apartment communities. The Company's conventional portfolio consists of approximately 110 Conventional Same Store apartment communities with over 33,140 apartment homes; approximately nine Conventional Redevelopment and Development apartment communities with over 3,300 apartment homes; approximately eight Conventional Acquisition apartment communities with over 1,390 apartment homes, and over 10 Other Conventional apartment communities with over 2,380 apartment homes.
Affordable Real Estate
The Company's affordable segment consists of apartment communities, which it classifies as Affordable Same Store or Other Affordable. Affordable Same Store apartment communities are those that are subject to tax credit agreements and that have reached and maintained a stabilized occupancy during the current year and prior year-to-date periods. The Company's affordable portfolio consists of over 40 Affordable Same Store apartment communities with approximately 7,310 apartment homes and approximately two Other Affordable apartment communities with over 590 apartment homes.
Apartment Investment and Management Co
4582 S Ulster St Ste 1100
DENVER CO 80237-2662
Company Web Links
- BRIEF-AES and AIMCO to acquire Spower from Fir Tree Partners
- BRIEF-Aimco files suit in California and FLorida against Airbnb
- BRIEF-Apartment Investment and Management qtrly adjusted funds from operations $0.50
- BRIEF-Aimco increases quarterly dividend to $0.36 per share
- BRIEF-Savanna provides update to AIMCo financing