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AIV on NYSE

Aimco

Logo: AIMCO, Public domain, via Wikimedia Commons5

Real estate investment trust

Apartment Investment and Management Company, commonly referred to as Aimco, is an American publicly traded real estate investment trust. As of December 31, 2024, the company owned 24 apartment communities comprising 5,243 apartment units as well as one hotel.3 It was founded by Terry Considine.1 Its shares trade on NYSE under the symbol AIV.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1975Founded1

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  • TickerAIV on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersDenver1
  • Websitewww.aimco.com
  • Legal formjoint-stock company1
  • Incorporated inMD6
  • Business address4582 South Ulster Street, Suite 1450, Denver, Co 802376
  • Filer categoryLarge accelerated filer6
  • LEI549300O8FT5GJ4RU1D574
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPAN, 21202 Baltimore, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D038052644

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Apartment Investment and Management Company, commonly referred to as Aimco, is an American publicly traded real estate investment trust. As of December 31, 2024, the company owned 24 apartment communities comprising 5,243 apartment units as well as one hotel.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

395.1%Net margin8
0.6%Revenue growth, 20258
151.2%Return on equity8
2.04×Debt to equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Operating Portfolio brought in 67% of the revenue Aimco broke down this way in fiscal 2025.

  1. Operating Portfolio$72.5M867%up 1% from 2024
  2. Development$27.5M826%up 179% from 2024
  3. Other Real Estate$7.6M87%up 13% from 2024
Business segments by year
Business segments202320242025
Operating Portfolio$69.3M$71.7M$72.5M
Development$109.0K$9.9M$27.5M
Other Real Estate$2.7M$6.7M$7.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Interest9¢$59.4M
  • Income tax9¢$57.6M
  • Profit82¢$547.2M

Out of $138.5M in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid100¢$415.6M
  • Share buybacks0¢$256.0K

Out of $8.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$138.5M in 2025−4% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $143.7M$143.7M20192020: $151.5M$151.5M2020+5%2021: $169.8M$169.8M2021+12%2022: $190.3M$190.3M2022+12%2023: $119.9M$119.9M2023−37%2024: $137.7M$137.7M2024+15%2025: $138.5M$138.5M2025+1%
Operating income9101112$117.7M in 2024+682% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $15.1M$15.1M20192020: -$14.4M-$14.4M20202021: -$15.6M-$15.6M2021+9%2022: $118.6M$118.6M20222023: $113.3M$113.3M2023−4%2024: $117.7M$117.7M2024+4%
Net income91011128$547.2M in 2025+179887% since 2019
-$200.0M0$200.0M$400.0M$600.0M2019: $304.0K$304.0K20192020: -$5.0M-$5.0M20202021: -$5.9M-$5.9M2021+17%2022: $74.6M$74.6M20222023: -$166.2M-$166.2M20232024: -$104.0M-$104.0M2024−37%2025: $547.2M$547.2M2025

Every line of the income statement as filed: the last 4 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-312022-12-31
Rental and other property revenues$138.5M$137.7M$119.9M
Property operating expenses$68.4M$68.1M$51.7M
Depreciation and amortization$58.3M$77.1M$58.1M
General and administrative expenses$34.0M$32.8M$32.9M
Impairment on real estate$147.5M
Total operating expenses$308.1M$178.0M$142.6M
Interest income$8.6M$9.6M$9.7M
Interest expense-$59.4M-$59.4M-$26.9M
Realized and unrealized gains (losses) on interest rate contracts-$471.0K$1.8M$1.1M
Realized and unrealized gains (losses) on equity investments-$5.8M-$49.5M$700.0K
Gain on dispositions of real estate$237.1M$10.6M$8.0M
Credit loss expense-$22.9M
Other income (expense), net-$4.2M-$5.6M-$7.7M
Income (loss) from continuing operations before income tax-$15.8M-$135.2M-$193.6M
Income tax benefit (expense)$57.6M$11.1M$12.8M
Net income (loss) from continuing operations$41.7M-$124.2M-$180.8M
Income (loss) from discontinued operations, net of taxes$551.2M$28.2M$23.5M
Net income (loss)$593.0M-$96.0M-$157.3M
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships-$13.2M-$14.0M-$13.9M
Net (income) loss attributable to Common noncontrolling interests in consolidated real estate partnerships-$781.0K$1.8M-$4.0M
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership-$24.9M$5.6M$9.0M
Net income (loss) attributable to Aimco$554.0M-$102.5M-$166.2M
Income (loss) from continuing operations attributable to Aimco per common share/unit - basic$0-$1-$1
Income (loss) from discontinued operations attributable to Aimco Operating Partnership per common share/unit$4$0$0
Net income (loss) attributable to Aimco Operating Partnership per common share/unit - basic (Note 10)$3.95-$0.75-$1.16
Income (loss) from continuing operations attributable to Aimco per common share/unit$0-$1-$1
Income (loss) from discontinued operations attributable to Aimco Operating Partnership per common share/unit$4$0$0
Net income (loss) attributable to Aimco per common share - diluted (Note 10)$3.87-$0.75-$1.16$3.87
Weighted-average common shares/units outstanding - basic138.3M shares138.5M shares143.6M shares138.3M shares
Weighted-average common shares/units outstanding - diluted141.1M shares138.5M shares143.6M shares141.1M shares

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Corporate structure

Aimco sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Aimco

  • Aimco Denver, Colorado, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Aimco reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$222.3M8 Dec 31, 2025$246.9M8 Dec 31, 2024−10.0%
Finance-lease assets$106.4M8 Dec 31, 2025$107.7M8 Dec 31, 2024−1.2%
Operating-lease assets (leased space)$3.5M8 Dec 31, 2025$4.7M8 Dec 31, 2024−25.5%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$949.9M8 Dec 31, 2025$1.1B8 Dec 31, 2024−11.2%
Real estate investments, at cost$1.2B8 Dec 31, 2025$1.4B8 Dec 31, 2024−11.1%
Real estate accumulated depreciation$287.3M8 Dec 31, 2025$322.7M8 Dec 31, 2024−11.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$394.9M8 Dec 31, 2025$141.1M8 Dec 31, 2024+179.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$12.3M8 Dec 31, 2025$13.2M8 Dec 31, 2024−6.8%
Finite-lived intangibles, gross$13.4M8 Dec 31, 2025$25.9M8 Dec 31, 2024−48.5%
Accumulated amortization$1.1M8 Dec 31, 2025$12.8M8 Dec 31, 2024−91.3%
Finite-lived intangibles, net$12.3M8 Dec 31, 2025$13.2M12 Dec 31, 2024−6.8%

Properties, in its own words

We own a geographically diversified portfolio of operating properties that produce stable cash flow and serves to balance the risk and highly variable cash flows associated with our portfolio of development and value-add investments. Our entire portfolio of operating properties includes 19 apartment communities (15 consolidated properties, including two held for sale, and four unconsolidated properties) located in seven major U.S. markets and with average rents in line with local market averages (generally defined as B class). Our current development portfolio consists of 9 properties, including one under construction, two completed and in lease-up, one that has completed lease-up and is stabilizing operations, and five undeveloped land parcels, located primarily in Southeast Florida, the Washington, D.C. Metro Area and Colorado's Front Range.

Additional information about our consolidated real estate, including property debt, is contained in “Schedule III - Real Estate and Accumulated Depreciation” in this Annual Report on Form 10-K.

Item 2 of the 10-K filed Mar 2, 2026.17

The story

Founded by Terry Considine in 1975.1

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.

From Wikipedia’s article on Aimco, shared under CC BY-SA 4.0.7

Leadership

Who has led Aimco, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Terry Considine2006–2020
  2. Wesley William Powell2021–now

Chair

  1. Terry Considine2006–2020

President

  1. Timothy J. Beaudin2010
  2. Keith M. Kimmel2020
  3. Wesley William Powell2022–now

Chief financial officer

  1. Thomas M. Herzog2006–2009
  2. Ernest Michael Freedman2009–2015
  3. Paul Beldin2016–2020
  4. Lynn Stanfield2021–now

Chief operating officer

  1. Timothy J. Beaudin2010
19801990200020102020
Board members and other officers (42)

Products and brands

  • apartment

Listed on Wikidata.1

Timeline

  1. Jun 10, 20268-K Shareholder vote68
  2. Feb 6, 20268-K Shareholder vote69
  3. Feb 2, 20268-K Other events70
  4. Jun 10, 20258-K Shareholder vote71
  5. Nov 18, 20248-K Regulation FD disclosure72
  6. Sep 11, 20248-K Regulation FD disclosure73
  7. Jul 1, 20248-K Shareholder vote74
  8. Jun 3, 20248-K Regulation FD disclosure75
  9. Feb 29, 20248-K Regulation FD disclosure76
  10. Feb 5, 20248-K Director nominations77
  11. Nov 13, 20238-K Regulation FD disclosure78
  12. Oct 3, 20238-K Bylaws or fiscal year changed79
  13. Apr 19, 2021New chief executive Wesley William Powell becomes CEO18
  14. Feb 15, 2006New chief executive Terry Considine becomes CEO19
  15. 1975Founded Founded1

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/202680

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

201 filings to the SEC since October 2021: 1 quarterly reports, 22 major events, 82 insider forms, 38 large holders, 58 other. The latest 20:

  1. Oct 7, 2026SCHEDULE 13G/A EDGAR
  2. Sep 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Sep 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Sep 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Sep 30, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Jul 31, 2026SCHEDULE 13G/A EDGAR
  8. Jun 23, 202611-K EDGAR
  9. Jun 10, 20268-K EDGAR
  10. May 11, 2026SCHEDULE 13G EDGAR
  11. Apr 28, 2026SCHEDULE 13G EDGAR
  12. Apr 27, 2026SCHEDULE 13G/A EDGAR
  13. Apr 24, 2026ARS EDGAR
  14. Apr 24, 2026DEFA14A EDGAR
  15. Apr 15, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Apr 15, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Apr 15, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Mar 26, 2026SCHEDULE 13G/A EDGAR
  19. Mar 25, 2026SCHEDULE 13G/A EDGAR
  20. Mar 4, 2026SCHEDULE 13G EDGAR

The 201 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 30, 2022Smith DeborahDirectorBuy137$7.30$1.0KForm 4
May 31, 2022Leupp Jay PDirectorBuy2,145$6.31$13.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Wes Powell —45$700.0K$3.9M96
2024H. Lynn C. Stanfield —50$494.0K$2.0M96
2024Jennifer Johnson —52$442.0K$1.6M96
2023President and ChiefExecutive Officer$625.0K$4.1M96
2023Executive VicePresident and Chief Financial Officer$475.0K$2.1M96
2023Executive Vice President, ChiefAdministrative Officer and General Counsel$425.0K$1.8M96
2022President and ChiefExecutive Officer$550.0K$2.9M96
2022Executive VicePresident and Chief Financial Officer$450.0K$1.8M96
2022Executive Vice President, ChiefAdministrative Officer and General Counsel$395.0K$1.6M96

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Madison Avenue Partners, LP12,374,991$36.8M1.6%No change
Newtyn Management, LLC12,200,000$36.2M4.5%No change
Weiss Asset Management LP8,150,456$24.2M0.4%No change
Owl Creek Asset Management, L.P.5,927,644$17.6M1.6%+2,904,444
Vanguard Portfolio Management LLC5,878,027$17.5M0.0%−2,717,637
Two Sigma Investments, LP4,728,679$14.0M0.0%+3,923,795
Vanguard Capital Management LLC4,504,386$13.4M0.0%−186,997
Mangrove Partners Im, LLC4,459,396$13.2M0.9%New
BlackRock, Inc.3,847,592$11.4M0.0%+903,702
Qube Research & Technologies Ltd3,191,495$9.5M0.0%+1,423,467
SummitTX Capital, L.P.2,306,732$6.9M0.2%+296,457
683 Capital Management, LLC2,100,000$6.2M0.6%+650,000
Zimmer Partners, LP2,027,500$6.0M0.1%No change
Landmark Investment Partners, L.P.1,981,897$5.1M4.8%−574,279
Verition Fund Management LLC1,676,686$5.0M0.0%No change
LPL Financial LLC1,633,396$4.9M0.0%+1,121,065
Irenic Capital Management LP1,398,460$4.2M0.3%−3,631,061
DLD Asset Management, LP1,277,578$3.8M1.0%+206,600
Tudor Investment Corp Et Al1,149,070$3.4M0.0%+692,727
Union Square Park Capital Management, LLC1,125,000$3.3M2.4%No change
Meros Investment Management, LP967,132$2.9M0.9%−992
Cantor Fitzgerald, L. P.900,000$2.7M0.0%+500,000
Alberta Investment Management Corp850,000$2.5M0.0%No change
Citadel Advisors LLC835,328$2.5M0.0%+384,876
Jane Street Group, LLC833,831$2.5M0.0%−1,261,383

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Dec 15, 2020Patrick J Toomey, SenateExchange$15,001 - $50,000Report
Nov 30, 2020Patrick J Toomey, SenateBuy$1,001 - $15,000−171.2%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+237.9%Report
Apr 3, 2019Donna Shalala, HouseBuy$1,001 - $15,000−244.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Aimco is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAPARTMENT INVESTMENT & MANAGEMENT CO2
  • CIK0000922864
  • Employer ID (EIN)84-125957717
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inMaryland17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address4582 South Ulster Street, Suite 1450, Denver, CO 802372
  • Phone(303) 224-79002
  • Shares outstanding143,856,183 as of May 8, 202614
  • Public float$1.2B as of Jun 30, 202517
  • AuditorGRANT THORNTON LLP, Denver, Colorado PCAOB ID 248; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMay 14, 19962
  • Filings2,924 in all: 4 (1,171), 8-K (461), SC 13G/A (156), 424B3 (143), 10-Q (92), 4/A (70), S-4/A (63), 5 (61)2
    All 65 form types

    SC 13G (50), DEFA14A (47), 3 (40), CORRESP (38), UPLOAD (37), 424B5 (35), 8-K/A (34), DEF 14A (29), 10-K (28), S-3 (26), S-4 (26), 11-K (25), 424B2 (22), S-3/A (22), DFAN14A (21), ARS (17), SC 13D/A (17), EFFECT (16), 8-A12B (15), S-8 (13), 15-12B (11), PRE 14A (11), SC 13D (11), 10-Q/A (9), 25-NSE (8), FWP (7), SCHEDULE 13G/A (7), 25 (6), CERTNYS (6), SCHEDULE 13G (6), POS AM (5), PRER14A (5), S-3ASR (5), SC 14D1/A (5), DEFC14A (4), PREC14A (4), SC TO-T/A (4), NT 10-Q (3), PRRN14A (3), RW (3), S-8 POS (3), SC 13E3/A (3), 10-K/A (2), 10-K405 (2), 424B7 (2), 8-A12B/A (2), SC 13E3 (2), 10-K405/A (1), 3/A (1), 5/A (1), DEFM14A (1), DEFR14A (1), NT 10-K (1), PREM14A (1), PX14A6G (1), REGDEX (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Oct 2, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock (Apartment Investment and Management Company)AIVNew York Stock Exchange

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Aimco names in Item 1A of its 10-K filed Mar 2, 2026: 63 risks under these headings, as written.17

  • RISKS RELATED TO BUSINESS
  • RISKS RELATED TO THE PLAN OF SALE AND LIQUIDATION
  • RISKS RELATED TO OUR INDEBTEDNESS AND FINANCING
  • RISKS RELATED TO TAX LAWS AND REGULATIONS
  • RISKS RELATED TO AIMCO OPERATING PARTNERSHIP UNITS
  • Adverse economic and geopolitical conditions, health crises and dislocations in the financial and credit markets could affect our ability to collect rents and late fees from tenants, and our ability to evict tenants, in addition to having other negative effects on our business, which in turn could adversely affect our financial condition and results of operations, and could also adversely affect the Plan of Sale and Liquidation.
  • Development and construction risks could affect our profitability, which could also adversely affect the Plan of Sale and Liquidation.
  • Failure to generate sufficient net operating income may adversely affect our liquidity, limit our ability to fund necessary capital expenditures, or adversely affect our ability to pay liquidating distributions in the Plan of Sale and Liquidation.
  • Our business and financial results could be adversely affected by significant inflation, higher interest rates or deflation, which could also adversely affect the Plan of Sale and Liquidation.
  • Our properties are geographically concentrated in Florida, Chicago, the Washington, D.C. Metro Area, and in the Northeast region of the United States, which makes us more susceptible to regional and local adverse economic and other conditions than if we owned a more geographically diversified portfolio.
  • Our development projects may subject us to certain liabilities, and we are subject to risks associated with developing properties in partnership with others, which could also adversely affect the Plan of Sale and Liquidation.
  • Government regulations and legal challenges may delay the start or completion of the development of our communities, increase our expenses or limit our building of apartments or other activities.
The other 56 risks
  • Competition could limit our ability to lease apartment homes, increase or maintain rents, execute our development strategy, or dispose of our assets as part of the Plan of Sale and Liquidation.
  • Because real estate investments are relatively illiquid, we may not be able to sell apartment communities or other assets when appropriate, including as part of the Plan of Sale and Liquidation.
  • Climate change may adversely affect our business.
  • Potential liability or other expenditures associated with potential environmental contamination may be costly.
  • Rent control laws, if enacted, could limit our ability to increase rental rates may negatively impact our rental income and profitability.
  • Laws benefiting disabled persons may result in our incurrence of unanticipated expenses.
  • Moisture infiltration and resulting mold remediation may be costly.
  • Although we are insured for certain risks, the cost of insurance, increased claims activity, or losses resulting from casualty events may affect our financial condition and results of operations, which could also adversely affect the Plan of Sale and Liquidation.
  • Natural disasters and severe weather may affect our financial condition and results of operations, which could also adversely affect the Plan of Sale and Liquidation.
  • We depend on our senior management.
  • We rely on our property managers to manage our properties. If our property managers fail to efficiently manage our properties, tenants may not renew their leases, or we may become subject to unforeseen liabilities, which could also adversely affect the Plan of Sale and Liquidation.
  • Our business and operations would suffer in the event of significant disruptions or cyberattacks of our information technology systems or our failure to comply with laws, rules and regulations related to privacy and data protection, which could also adversely affect the Plan of Sale and Liquidation.
  • Compliance with ever evolving federal and state laws relating to the handling of information about individuals involves significant expenditure and resources, and any failure by us or our vendors to comply may result in significant liability, negative publicity, and/or an erosion of trust, which could materially adversely affect our business, results of operations, and financial condition, as well as the Plan of Sale and Liquidation.
  • There may be, or there may be the appearance of, conflicts of interest in our relationship with AIR.
  • Our business could be negatively affected as a result of the actions of activist stockholders.
  • The announcement and pendency of the proposed Plan of Sale and Liquidation present certain risks to our ongoing business and operations.
  • We cannot determine at this time the specific amount or exact timing of distributions to our stockholders in connection with the Plan of Sale and Liquidation, other than those previously declared, because there are many factors, some of which are not within our control, that could affect the amount or timing of any such distributions.
  • There can be no assurance that the sale of all of our assets as contemplated in the Plan of Sale and Liquidation will result in greater returns to you on your investment, within a reasonable period of time, than you would receive through other alternatives reasonably available to us.
  • Our directors and executive officers may have interests in the Plan of Sale and Liquidation that are different from, or in addition to, the interests of our stockholders generally.
  • The Plan of Sale and Liquidation, and the actions and transactions effected pursuant thereto, may lead to stockholder litigation which could result in substantial costs and distract management.
  • The sales of our assets pursuant to the Plan of Sale and Liquidation will not be subject to further stockholder approval.
  • The Plan of Sale and Liquidation may not be completed.
  • Defaults under future sale agreements may delay or reduce liquidating distributions.
  • Additional liabilities and obligations could arise during the liquidation process.
  • If we are unable to find buyers for the assets of the Company and its subsidiaries on a timely basis or at our expected sales prices, our liquidating distributions may be delayed or reduced.
  • Our ability to implement the Plan of Sale and Liquidation depends upon the participation of key personnel and there is no assurance such key personnel will remain in place.
  • We do not intend to declare or pay future regularly quarterly distributions.
  • We may require additional capital or financing to complete the wind-down of the Company’s business and affairs, dissolution and termination of the Company’s existence under the Plan of Sale and Liquidation, which may reduce the amount available for distribution to stockholders.
  • Stockholders may be liable to our creditors, up to the amounts received from us pursuant to the Plan of Sale and Liquidation, if our reserve fund or the assets transferred to a liquidating trust are inadequate.
  • During the course of the liquidation process, we will change our basis of accounting, which could require us to write down our assets.
  • The Company will likely continue to incur the expenses of complying with public company reporting requirements during the wind-down process until such requirements no longer apply as part of a future delisting and deregistration.
  • We anticipate that our Common Stock will be delisted from the NYSE at a future date to be determined by the Board.
  • Our debt financing could result in foreclosure of our apartment communities, prevent us from making distributions on our equity, or otherwise adversely affect our liquidity.
  • Disruptions in the financial markets could affect our ability to obtain financing and the cost of available financing and could adversely affect our liquidity.
  • Increases in interest rates would increase our interest expense and reduce our profitability and could adversely affect our business, operating results, and financial condition.
  • Covenant restrictions may limit our operations and impact our ability to make payments to our investors.
  • We may increase leverage in executing our development plan, which could further exacerbate the risks associated with our indebtedness.
  • Aimco may fail to qualify as a REIT, which would reduce the amount of any potential distributions.
  • REIT distribution requirements limit our available cash.
  • Aimco may be subject to federal, state, and local income taxes in certain circumstances.
  • Dividends payable by REITs generally do not qualify for the reduced tax rates available for some dividends.
  • Changes to United States federal income tax laws could materially and adversely affect Aimco and Aimco’s stockholders.
  • If the Aimco Operating Partnership were to fail to qualify as a partnership for federal income tax purposes, Aimco would fail to qualify as a REIT and suffer other adverse consequences.
  • The sale of properties may cause us to incur excise or income taxes or fail to maintain our REIT status, each of which would significantly reduce the amount available for distribution to our stockholders.
  • Distributing interests in a liquidating trust (or other liquidating entity) may cause our stockholders to recognize gain prior to the receipt of cash.
  • There are restrictions on the ability to transfer and redeem Aimco Operating Partnership Units, there is no public market for Aimco Operating Partnership Units and holders of Aimco Operating Partnership Units are subject to dilution.
  • Cash distributions by Aimco Operating Partnership are not guaranteed and may fluctuate with partnership performance.
  • Holders of OP Units have limited voting rights.
  • Holders of OP Units may not have limited liability in specific circumstances.
  • Aimco may have conflicts of interest with holders of OP Units.
  • Provisions in the Aimco Operating Partnership agreement may limit the ability of a holder of OP Units to challenge actions taken by the general partner, including actions taken pursuant to the Plan of Sale and Liquidation.
  • Provisions in the Aimco Operating Partnership agreement give the general partner discretion over decisions related to liquidation and dissolution of Aimco Operating Partnership.
  • RISKS RELATED TO OUR ORGANIZATIONAL STRUCTURE
  • Aimco Operating Partnership and its subsidiaries may be prohibited from making distributions and other payments.
  • Limits on ownership of shares specified in Aimco’s charter may result in the loss of economic and voting rights by purchasers that violate those limits.
  • Aimco’s charter may limit the ability of a third-party to acquire control of Aimco.
  • The Maryland General Corporation Law may limit the ability of a third-party to acquire control of Aimco.

Legal proceedings

From time to time, we may be a party to certain legal proceedings, incidental to the normal course of business. While the outcome of the legal proceedings cannot be predicted with certainty, we believe there are no legal proceedings pending that would have a material effect upon our financial condition or result of operations.

The opening of Item 3, Legal Proceedings.17

Sources

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