Terry Considine
{{short description|American businessman, politician, and philanthropist (born 1947)}}
{{Multiple issues|
{{Advert|date=February 2023}}
{{Like resume|date=February 2023}}
}}
{{Infobox person
| name = Terry M. Considine
| birth_date = {{birth year and age|1947}}
| birth_place = San Diego, California, U.S.
| alma_mater = Harvard University (BA: 1969; JD: 1971)
| occupation = CEO of Apartment Income REIT
| known for = Founder of Aimco
Former member of Colorado Senate
}}
Terry M. Considine (born 1947) is the founder of Aimco, the chairman and chief executive officer of Apartment Income REIT, and a former Republican politician.{{cite web | url=https://www.bloomberg.com/profile/person/1407220 | title=Executive Profile: Terry Considine J.D. | publisher=Bloomberg L.P.}}
Biography
=Early life and education=
Considine was born in San Diego as the 4th of 11 children and was raised on a cattle ranch in Southern California.{{cite web | url=http://www.coloradobusinesshalloffame.org/terry-considine.html | title=TERRY CONSIDINE | publisher=Colorado Business Hall of Fame}} At age 13, he left California to attend the Groton School in Groton, Massachusetts; he graduated in 1965.{{Cite news | url=https://www.latimes.com/archives/la-xpm-1992-10-20-mn-652-story.html | title=Colorado Contest Takes on Nasty Character : Democratic Rep. Ben Nighthorse Campbell trades charges with former GOP state Sen. Terry Considine. | first=LOUIS | last=SAHAGUN | work=Los Angeles Times | date=October 20, 1992 | url-access=limited}}
In 1969, Considine graduated from Harvard University with a Bachelor of Arts degree; in 1971 he received a Juris Doctor from Harvard.{{cite web | url=https://alumni.harvard.edu/community/stories/family-finance-and-philanthropy-evening-with-harvard-in-denver | title=Harvard in Denver: Family, Finance, and Philanthropy | publisher=Harvard University | date=June 16, 2016}} He initially received a student deferment from the Vietnam War and was later disqualified for service because of a bad back.
=Career=
In 1975, he founded The Considine Companies, a property-management firm that specialized in troubled real estate. In 1981, he moved to Colorado. In 1981, he acquired the El Cortez Hotel for $6 million in partnership with Bass Brothers Realty Corporation. The hotel was sold in 1987.{{cite news | url=https://www.latimes.com/archives/la-xpm-1987-02-28-me-6457-story.html | title=Renovation Planned : El Cortez Hotel Bought by Hotelier Grosvenor | first=CHRIS | last=KRAUL | work=Los Angeles Times | date=February 28, 1987 | url-access=limited}} In 1987, he acquired 75% of McDermott, Stein and Ira Marketing Management (MSI), the largest fee-operated apartment management company in Denver.{{Cite news | url=https://yieldpro.com/2015/10/man-on-a-multifamily-mission/ | title=Man on a multifamily mission | first=Wendy | last=Broffman | work=Yield Pro | date=October 1, 2015}}
In 1994, along with associates Steve Ira, Peter Kompaniez, and Robert Lacey, he formed Aimco, which became a public company via an initial public offering. He is on the board of directors of Intrepid Potash.{{cite web | title=Terry Considine: Director | url=https://intrepidpotashinc.gcs-web.com/board-member/terry-considine | publisher=Intrepid Potash}}
=Awards and recognition=
In 2017, Considine was elected to the Colorado Business Hall of Fame,{{Cite news | title=7 named to Colorado Business Hall of Fame's class of 2017 | url=https://www.bizjournals.com/denver/news/2017/01/05/7-named-to-colorado-business-hall-of-fames-class.html | last=Harden | first=Mark | work=American City Business Journals | date=January 5, 2017}}
In 2020, he was elected to the Colorado Apartment Hall of Fame.{{Cite web | url=https://www.aamdhq.org/aamd-hall-of-fame | title=AAMD Hall of Fame | publisher=Apartment Association of Metro Denver}}
In 2019, Considine was awarded an honorary degree from Colorado Christian University.{{Cite web | title=Colorado Christian University Commencement | url=https://www.ccu.edu/_files/documents/commencement/2019-Commencement-Program.pdf | date=May 10, 2019}}
He was given the Adam Smith Award in October 2019 by Economic Literacy Colorado.{{Cite web | title=Economic Literacy Colorado Honors Colorado Entrepreneur Terry Considine at Adam Smith Award Dinner | url=https://econlitco.org/news/2019/10/4/economic-literacy-colorado-honors-colorado-entrepreneur-terry-considine-at-adam-smith-award-dinner | website=Economic Literacy Colorado | date=October 4, 2019}}
=Politics=
In 1981, Considine moved to Colorado, where he entered politics through his father-in-law, Bo Callaway.
In 1986, Considine ran unsuccessfully for the Republican nomination to the United States Senate.{{cite news | last=Johnson | first=Dirk | title=A Candidate Attuned to Colorado's Quirky Rhythm | url=https://www.nytimes.com/1992/09/29/us/a-candidate-attuned-to-colorado-s-quirky-rhythm.html | work=The New York Times |date= September 29, 1992 | url-access=subscription}} His campaign adviser was Fox News executive Roger Ailes. The campaign was thrown into controversy after he called immigrants from Latin America "wetbacks". He then embarked on a $500,000 television advertising campaign.{{cite news | last=Schwartz | first=Maralee | title=Candidate Perfect Until He Started Discussing Issues | url=https://www.washingtonpost.com/archive/politics/1986/06/06/candidate-perfect-until-he-started-discussing-issues/654765c8-02da-4196-9247-c919d9b4ff68/ | work=The Washington Post | date=June 6, 1986}}
From 1987 to 1991, he was a member of the Colorado Senate.{{Cite news | title=Terry Considine's Contract Extended As Aimco's CEO | url=https://www.bisnow.com/national/news/multifamily/terry-considine-gets-green-light-to-remain-aimcos-ceo-83074 | website=Bisnow | date=December 27, 2017 | url-access=registration}} Considine was appointed to fill the vacancy created when Senator Martha Ezzard resigned upon switching from the Republican Party to the Democratic Party. He took office March 4, 1987 and served in the 56th, 57th, and 58th General Assemblies. Considine edged out conservative Representative Phil Pankey for the appointment.{{cite news|last=Cooper|first=Dick|title=Visionary or extremist, Rep. Pankey's ideas difficult to ignore|date=October 16, 1989|newspaper=The Denver Post|via=NewsBank}} In January 1991, Tom Blickensderfer was appointed to succeed Considine.{{cite web|title=Colorado Legislators Past & Present: Terence M. "Terry" Considine|date=April 23, 2012|publisher=Colorado General Assembly|url=http://www.leg.state.co.us/lcs/leghist.nsf/DocView.xsp?documentId=1B4DDA7BF233EDA1872578E2005D5440|access-date=January 25, 2022|archive-url=https://web.archive.org/web/20220125223838/http://www.leg.state.co.us/lcs/leghist.nsf/DocView.xsp?documentId=1B4DDA7BF233EDA1872578E2005D5440|archive-date=January 25, 2022}} He was the primary organizer of an initiative that led to Colorado being the first state to impose term limits on the governor and state legislature. He left the state Senate early in 1992 to pursue the open seat in the United States Senate created by the decision of Democrat Tim Wirth to forgo a bid for a second term. Considine was defeated in the 1992 senate election by Democratic Congressman Ben Nighthorse Campbell who switched parties and became Republican in 1995.{{cite news | title=Election Night Highlights Across the U.S. | url=https://www.latimes.com/archives/la-xpm-1992-11-04-mn-1346-story.html | work=Los Angeles Times | date=November 4, 1992}}
He is a co-founder and member of the board of directors of Club for Growth, a conservative organization.{{cite web | title=Board of Directors | url=https://www.clubforgrowth.org/about/board-of-directors/ | publisher=Club for Growth}} He is also a member of the board of directors of the Bradley Foundation{{cite web | title=Board of Directors | url=http://www.bradleyfdn.org/Who-We-Are/Our-People/Board-of-Directors | publisher=Bradley Foundation}}
Personal life
Considine is married to Betsy Callaway Considine. The couple are actively involved in education reform and ranching in western Colorado. They have three adult children and three grandchildren.{{Cite web | title=Terry Considine | url=https://www.bradleyfdn.org/our-people/terry-considine |last=Hannemann | first=Benjamin | publisher=Bradley Foundation}}
=Philanthropy=
Considine and his wife Betsy Callaway Considine provide charitable support, primarily to education and faith-based causes, including Compositive Primary, a workplace primary school on the Anschutz Medical Campus in Aurora, Colorado.{{Cite news | title=Workplace-based private school to open next fall | url=https://news.cuanschutz.edu/news-stories/workplace-based-compositive-primary-school-to-open-in-fall-2019 | last=Casey | first=Chris | website=Anschutz Medical Campus | date=November 9, 2018}}
Considine and his wife have established the Considine Family Foundation. In 2017, it endowed a Harvard Law School professorship in honor of Antonin Scalia.{{cite news | url=https://www.thecrimson.com/article/2017/7/5/law-school-honors-scalia/ | title=Law School Honors Scalia with Endowed Professorship | work=The Harvard Crimson | last=Halper | first=Jamie D. | date=July 5, 2017}}
References
{{Reflist}}
External links
- {{C-SPAN|24617}}
{{s-start}}
{{s-ppo}}
{{s-bef|before=Ken Kramer}}
{{s-ttl|title=Republican Party nominee for United States Senator from Colorado (Class 3)|years=1992}}
{{s-aft|after=Ben Nighthorse Campbell}}
{{end}}
{{DEFAULTSORT:Considine, Terry}}
Category:American chief executives of financial services companies
Category:American businesspeople in real estate
Category:Republican Party Colorado state senators
Category:Date of birth missing (living people)
Category:Harvard Law School alumni
Category:20th-century members of the Colorado General Assembly