| Apartment Investment and Management Company | |
| Type: | Public |
| Industry: | Real estate investment trust |
| Founded: | (as "The Considine Company, Inc.") (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: | (2023) |
| Net Income: | -US$166 million (2023) |
| Assets: | US$2.089 billion (2023) |
| Equity: | US$349 million (2023) |
| Num Employees: | 61 (2023) |
| Footnotes: | [1] |
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.[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.
| Year | Company | Notes | Ref | |
|---|---|---|---|---|
| Walters Management Company | [2] | |||
| J.W. English Company | [3] | |||
| Apartment portfolio of Winthrop | 8,175 apartments | [4] | ||
| NHP | 87,659 apartments | [5] | ||
| Apartment division of Insignia Financial Group | Price was $910 million | [6] | ||
| Oxford and affiliates | 36,662 apartment units | [7] [8] | ||
| Casden | Founded by Alan Casden; owned 17,383 apartments, price was $206 million in stock and $198 million in cash | [9] |
| Year | Company | Notes | Ref | |
|---|---|---|---|---|
| Affordable apartments business | Sold to Related Companies | [10] | ||
| Stabilized apartments | Corporate spin-off of Apartment Income REIT Corp.; acquired by The Blackstone Group | [11] |