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]
Company type | Public |
---|---|
| |
Industry | Real estate investment trust |
Founded | 1975 1994 (Merged with Property Asset Management & PDI, Inc.) | (as "The Considine Company, Inc.")
Founder | Terry Considine |
Headquarters | Denver, Colorado, U.S. |
Key people | R. Dary Stone (Chairman) Wes Powell (president & CEO) Lynn Stanfield (CFO) |
Products | Apartments |
Revenue | ![]() |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 61 (2023) |
Website | aimco |
Footnotes / references [1] |
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.[1]
Major acquisitions
Year | Company | Notes | Ref |
---|---|---|---|
1996 | Walters Management Company | [2] | |
1996 | J.W. English Company | [3] | |
1997 | Apartment portfolio of Winthrop | 8,175 apartments | [4] |
1997 | NHP | 87,659 apartments | [5] |
1998 | Apartment division of Insignia Financial Group | Price was $910 million | [6] |
2000 | Oxford and affiliates | 36,662 apartment units | [7][8] |
2002 | Casden | Founded by Alan Casden; owned 17,383 apartments, price was $206 million in stock and $198 million in cash | [9] |
Major divestitures
Year | Company | Notes | Ref |
---|---|---|---|
2018 | Affordable apartments business | Sold to Related Companies | [10] |
2020 | Stabilized apartments | Corporate spin-off of Apartment Income REIT Corp.; acquired by The Blackstone Group | [11] |
References
External links
![](http://upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/30px-Commons-logo.svg.png)
Wikimedia Commons has media related to Aimco.
- Official website
- Business data for Aimco:
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