Aimco

{{About|the apartment operator|the auto parts brand|Affinia Group|the fund manager|Alberta Investment Management Corporation}}

{{Infobox company

| name = Apartment Investment and Management Company

| logo = Aimco Logo.PNG

| logo_size = 200px

| type = Public

| traded_as = {{ubl|{{NYSE|AIV}}|Russell 2000 component}}

| industry = Real estate investment trust

| founded = {{start date and age|1975}} (as "The Considine Company, Inc.")
{{start date and age|1994}} (Merged with Property Asset Management & PDI, Inc.)

| founder = Terry Considine

| hq_location = Denver, Colorado, U.S.

| key_people = R. Dary Stone (chairman)
Wes Powell (president & CEO)
Lynn Stanfield (CFO)

| products = Apartments

| revenue = {{decrease}} {{US$|186 million|link=yes}} (2023)

| net_income = {{increase}} -US$166 million (2023)

| assets = {{decrease}} US$2.089 billion (2023)

| equity = {{decrease}} US$349 million (2023)

| num_employees = 61 (2023)

| website = {{URL|aimco.com}}

| footnotes = {{cite web | url=https://www.sec.gov/Archives/edgar/data/1820878/000095017024020232/aiv-20231231.htm | title=Apartment Investment and Management Company 2023 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission | date=February 26, 2024}}

}}

Apartment Investment and Management Company, commonly referred to as Aimco, is an American publicly traded real estate investment trust. As of December 31, 2023, the company owned 26 apartment communities comprising 5,940 apartment units in the United States.

History

Aimco traces its roots to The Considine Company, formed in 1975 by Terry Considine. Aimco was incorporated on January 10, 1994 and became a public company via an initial public offering on July 29, 1994.

=Major acquisitions=

class="wikitable sortable"
scope="col" \| Year ! scope="col" \| Company ! scope="col" \| Notes ! scope="col" class="unsortable" \| Ref
{{dts\|1996}} \| Walters Management Company \| \| {{cite news \|last=HIRSH \|first=LOU \|date=April 22, 2013 \|title=Piece of Local History Is Part of La Jolla Apartment Buy \|work=American City Business Journals \|url=https://www.sdbj.com/news/2013/apr/22/piece-local-history-part-la-jolla-apartment-buy/}}
{{dts\|1996}} \| J.W. English Company \| \| {{cite news \|last=Rutledge \|first=Tanya \|date=November 24, 1996 \|title=Low-profile New York investors to build huge industrial complex \|work=American City Business Journals \|url=https://www.bizjournals.com/houston/stories/1996/11/25/newscolumn4.html}}
{{dts\|1997}} \| Apartment portfolio of Winthrop \| 8,175 apartments \| {{cite news \| url=https://www.nytimes.com/1997/10/18/business/company-news-apartment-investment-adds-8175-units-from-winthrop.html \| title=Apartment Investment Adds 8,175 Units From Winthrop \| agency=Reuters \| work=The New York Times \| date=October 18, 1997 \| url-access=limited}}
{{dts\|1997}} \| NHP \| 87,659 apartments \| {{cite news \|last=Knight \|first=Jerry \|date=December 10, 1997 \|title=APARTMENT MANAGER NHP ACQUIRED BY DENVER TRUST \|newspaper=The Washington Post \|url=https://www.washingtonpost.com/archive/business/1997/12/10/apartment-manager-nhp-acquired-by-denver-trust/4018b450-c942-4aa0-a7f1-447e674e4255/}}
{{dts\|1998}} \| Apartment division of Insignia Financial Group \| Price was $910 million \| {{cite news \|last=HOLUSHA \|first=JOHN \|date=May 24, 1998 \|title=Commercial Property/Insignia Financial Group; Shedding Residential to Focus on Commercial \|work=The New York Times \|url=https://www.nytimes.com/1998/05/24/realestate/commercial-property-insignia-financial-group-shedding-residential-focus.html \|url-access=subscription}}
{{dts\|2000}} \| Oxford and affiliates \| 36,662 apartment units \| {{cite news \|title=Aimco completes purchase of Oxford \|work=American City Business Journals \|url=https://www.bizjournals.com/denver/stories/2000/09/18/daily10.html \|date=September 20, 2000 \| url-access=subscription}}{{cite news \|date=December 1, 2000 \|title=APARTMENT INVESTMENT AGREES TO ACQUIRE OXFORD FUND \|work=The New York Times \|agency=Bloomberg News \|url=https://www.nytimes.com/2000/12/01/business/company-news-apartment-investment-agrees-to-acquire-oxford-fund.html \|url-access=subscription}}
{{dts\|2002}} \| Casden \| Founded by Alan Casden; owned 17,383 apartments, price was $206 million in stock and $198 million in cash \| {{cite news \| url=https://www.latimes.com/archives/la-xpm-2002-mar-12-fi-casden12-story.html \| title=Aimco Buys Units From Casden \| agency=Bloomberg News \| work=Los Angeles Times \| date=March 12, 2002 \| url-access=limited}}

class="wikitable sortable"

scope="col" | Year

! scope="col" | Company

! scope="col" | Notes

! scope="col" class="unsortable" | Ref

| Walters Management Company

| {{cite news |last=HIRSH |first=LOU |date=April 22, 2013 |title=Piece of Local History Is Part of La Jolla Apartment Buy |work=American City Business Journals |url=https://www.sdbj.com/news/2013/apr/22/piece-local-history-part-la-jolla-apartment-buy/}}

| J.W. English Company

| {{cite news |last=Rutledge |first=Tanya |date=November 24, 1996 |title=Low-profile New York investors to build huge industrial complex |work=American City Business Journals |url=https://www.bizjournals.com/houston/stories/1996/11/25/newscolumn4.html}}

| Apartment portfolio of Winthrop

| 8,175 apartments

| {{cite news | url=https://www.nytimes.com/1997/10/18/business/company-news-apartment-investment-adds-8175-units-from-winthrop.html | title=Apartment Investment Adds 8,175 Units From Winthrop | agency=Reuters | work=The New York Times | date=October 18, 1997 | url-access=limited}}

| NHP

| 87,659 apartments

| {{cite news |last=Knight |first=Jerry |date=December 10, 1997 |title=APARTMENT MANAGER NHP ACQUIRED BY DENVER TRUST |newspaper=The Washington Post |url=https://www.washingtonpost.com/archive/business/1997/12/10/apartment-manager-nhp-acquired-by-denver-trust/4018b450-c942-4aa0-a7f1-447e674e4255/}}

| Apartment division of Insignia Financial Group

| Price was $910 million

| {{cite news |last=HOLUSHA |first=JOHN |date=May 24, 1998 |title=Commercial Property/Insignia Financial Group; Shedding Residential to Focus on Commercial |work=The New York Times |url=https://www.nytimes.com/1998/05/24/realestate/commercial-property-insignia-financial-group-shedding-residential-focus.html |url-access=subscription}}

| Oxford and affiliates

| 36,662 apartment units

| {{cite news |title=Aimco completes purchase of Oxford |work=American City Business Journals |url=https://www.bizjournals.com/denver/stories/2000/09/18/daily10.html |date=September 20, 2000 | url-access=subscription}}{{cite news |date=December 1, 2000 |title=APARTMENT INVESTMENT AGREES TO ACQUIRE OXFORD FUND |work=The New York Times |agency=Bloomberg News |url=https://www.nytimes.com/2000/12/01/business/company-news-apartment-investment-agrees-to-acquire-oxford-fund.html |url-access=subscription}}

| Casden

| Founded by Alan Casden; owned 17,383 apartments, price was $206 million in stock and $198 million in cash

| {{cite news | url=https://www.latimes.com/archives/la-xpm-2002-mar-12-fi-casden12-story.html | title=Aimco Buys Units From Casden | agency=Bloomberg News | work=Los Angeles Times | date=March 12, 2002 | url-access=limited}}

=Major divestitures=

class="wikitable sortable"
scope="col" \| Year ! scope="col" \| Company ! scope="col" \| Notes ! scope="col" class="unsortable" \| Ref
{{dts\|2018}} \| Affordable apartments business \| Sold to Related Companies \| {{Cite press release \|title=Aimco Closes Sale of Asset Management Portfolio to Related Companies \|url=https://www.businesswire.com/news/home/20180725005895/en/Aimco-Closes-Sale-of-Asset-Management-Portfolio-to-Related-Companies \| publisher=Business Wire \| date=July 25, 2018}}
{{dts\|2020}} \| Stabilized apartments \| Corporate spin-off of Apartment Income REIT Corp.; acquired by The Blackstone Group \| {{Cite press release \|url=https://www.businesswire.com/news/home/20201215005250/en/Aimco-Completes-Separation-of-Apartment-Income-REIT-Corp. \|title=Aimco Completes Separation of Apartment Income REIT Corp. \|publisher=Business Wire \|date=December 15, 2020}}

class="wikitable sortable"

scope="col" | Year

! scope="col" | Company

! scope="col" | Notes

! scope="col" class="unsortable" | Ref

| Affordable apartments business

| Sold to Related Companies

| {{Cite press release |title=Aimco Closes Sale of Asset Management Portfolio to Related Companies |url=https://www.businesswire.com/news/home/20180725005895/en/Aimco-Closes-Sale-of-Asset-Management-Portfolio-to-Related-Companies | publisher=Business Wire | date=July 25, 2018}}

| Stabilized apartments

| Corporate spin-off of Apartment Income REIT Corp.; acquired by The Blackstone Group

| {{Cite press release |url=https://www.businesswire.com/news/home/20201215005250/en/Aimco-Completes-Separation-of-Apartment-Income-REIT-Corp. |title=Aimco Completes Separation of Apartment Income REIT Corp. |publisher=Business Wire |date=December 15, 2020}}