Aimco

What Aimco does

Aimco (Apartment Investment and Management Company) is a publicly traded real estate investment trust (NYSE: AIV) headquartered in Denver, Colorado, that owns and operates multifamily apartment communities concentrated in South Florida, Denver, and the Washington DC metropolitan area. Founded in 1994 and historically at various points the nation's largest apartment owner/operator, Aimco's strategy combines stabilized cash-flow properties, value-add renovations yielding 5-10% IRRs, and selective development in supply-constrained markets, with a portfolio that has included more than $6 billion of multifamily assets overseen by CEO Wes Powell across more than 16,000 apartment homes.

The company generates rental and other property revenues from its portfolio of stabilized and lease-up apartment communities, supplemented by interest income on seller financing notes and gains from real estate dispositions. Its target customers are individual residential renters in high-barrier-to-entry U.S. submarkets, while its investor base consists of public stockholders on the NYSE. As of FY2025, Aimco reported rental and other property revenues of $138.5 million from a residual portfolio of 13 stabilized operating communities and recently completed developments including Upton Place (Washington DC), Strathmore Square Phase I (Bethesda), The Hamilton (Miami), and The Flamingo Point (Miami Beach), with average monthly revenue of $2,678 per apartment home.

Following a comprehensive strategic review that began in January 2025 and engaged more than 100 counterparties, Aimco's stockholders approved a Plan of Sale and Liquidation on February 6, 2026. The company is executing an orderly wind-down, having sold $1.26 billion of real estate in 2025 — including the $740 million Boston portfolio, the $520 million Brickell Assemblage, and the $455 million Chicago portfolio — and returning capital through special dividends and liquidating distributions estimated at $5.75-$7.10 per share. Management has declared an initial $1.45 liquidating distribution (March 2026) and a $1.30 partial distribution (June 2026), with remaining assets being marketed for sale to institutional buyers including Harbor Group International, Oak Row Equities, and other real estate investors.

Name

Aimco

Legal name

Apartment Investment and Management Company

Website

https://aimco.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Aimco is a Denver-based publicly traded multifamily REIT (NYSE: AIV) operating apartment communities in South Florida, Denver, and Washington DC, currently executing an orderly liquidation following stockholder approval of its Plan of Sale and Liquidation in February 2026.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate

NAICS

Management of Companies and Enterprises (55111), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)

akta.pro secondary industry

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Multifamily real estate
• Apartment property management
• Real estate investment trust
• Multifamily development
• Value-add real estate

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Rental and other property revenues: Aimco generates rental and other property revenues from its portfolio of multifamily apartment communities. In 2025, full year rental and other property revenues were $138.5 million. Revenue comes from stabilized operating properties, development lease-ups, and construction activities.
2. Real estate dispositions: Aimco generates significant proceeds from the sale of real estate assets. In 2025, the company sold $1.26 billion of real estate assets including the Boston portfolio and Brickell Assemblage. These dispositions are a key component of the company's strategy to return capital to stockholders through its Plan of Sale and Liquidation.
3. Interest and investment income: Aimco earns interest income from seller financing notes provided to buyers, such as the $85 million seller financing note on the Brickell Assemblage sale. Also includes mezzanine investment income and gains/losses on equity investments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Aimco is a diversified real estate investment company that owns, develops, redevelops, and manages multifamily apartment communities in high-growth U.S. metropolitan areas including South Florida, Denver, and Washington DC. The company generates rental income from stabilized operating properties and lease-up assets, and earns significant proceeds from the disposition of apartment portfolios and individual properties. Following stockholder approval in February 2026, Aimco is executing an orderly Plan of Sale and Liquidation, selling remaining assets to maximize stockholder returns.

Product overview

Aimco is a diversified real estate investment trust (REIT) focused on value-add and opportunistic multifamily investments across high-growth U.S. markets. The company's portfolio consists of stabilized operating properties, development projects, and lease-up assets across markets including South Florida (Miami, Fort Lauderdale), Denver CO, Washington DC metropolitan area, and other regions. Aimco's investment strategy includes three pillars: stable cash flows from existing properties, value-add renovations, and selective development in supply-constrained markets. The portfolio spans various stages from pre-development (Hamilton House, Flagler Village, 707 Leahy, The Fremont) to lease-up (Upton Place) to completed stabilized properties (The Hamilton, The Flamingo Point, Prism Apartments, Park Towne Place). Aimco is currently executing a Plan of Sale and Liquidation approved by stockholders in February 2026, returning proceeds to shareholders through orderly asset sales.

Differentiator

Problem solved

Functional benefit

Products and services

• The Hamilton A 276-unit, 378,672 SF luxury multifamily property completed in 2023 in Miami, Florida, offering premium rental apartments to individual residents.
• The Flamingo Point - North Tower A 366-unit, 684,000 SF luxury multifamily property completed in 2022 in Miami Beach, Florida, providing high-end rental residences.
• Prism Apartments A 136-unit, 205,000 SF multifamily property completed in 2021 in Cambridge, Massachusetts, offering rental apartments to residents.
• Park Towne Place A 940-unit, 1,115,000 SF multifamily property completed in 2018 in Philadelphia, Pennsylvania, providing rental apartments to individual residents.
• Upton Place

Quantifiable outcome

• Over $1.3 billion of high-quality housing delivered to markets across the country since 2020
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered major and core.

• LaTerra Capital ManagementmajorChannel Partner/ Reseller/ Distributor · 27 March 2026LaTerra Capital Management, in partnership with Respark Residential, acquired Aimco's seven-property, 1,495-unit multifamily portfolio in the Chicago metro area for $455 million. The portfolio spans five submarkets: Evanston, Lombard, Elmhurst, Hyde Park, and Rolling Meadows.
• Respark ResidentialmajorChannel Partner/ Reseller/ Distributor · 27 March 2026Respark Residential partnered with LaTerra Capital Management to acquire Aimco's seven-property, 1,495-unit Chicago multifamily portfolio for $455 million. Transaction was brokered by Berkadia.
• Harbor Group InternationalmajorChannel Partner/ Reseller/ Distributor · 23 December 2025Harbor Group International agreed to purchase two Aimco properties totaling 660 apartment homes located in Plantation, Florida and Nashville, Tennessee for closing scheduled Q1 2026.
• Oak Row EquitiesmajorChannel Partner/ Reseller/ Distributor · 23 December 2025Oak Row Equities led a joint venture to acquire the 4.25-acre Brickell Bay Drive waterfront parcel from Aimco for $520 million. This was the largest land acquisition in Florida history.
• OKO GroupmajorChannel Partner/ Reseller/ Distributor · 23 December 2025OKO Group partnered with Oak Row Equities and Mariposa Real Estate to acquire Aimco's Brickell Assemblage for $520 million. Plans include phased hotel and branded condominium development.
• Mariposa Real EstatemajorChannel Partner/ Reseller/ Distributor · 23 December 2025Mariposa Real Estate joined Oak Row Equities and OKO Group in acquiring Aimco's Brickell Assemblage for $520 million, the largest waterfront land acquisition in Miami's history.
• BerkadiamajorChannel Partner/ Reseller/ Distributor · 15 December 2025Berkadia advised Aimco on the sale of the seven-property, 1,495-unit Chicago multifamily portfolio to LaTerra Capital Management and Respark Residential for $455 million.
• Morgan Stanley & Co. LLCcoreImplementation/ SI/ Consulting Partner · 9 January 2025Morgan Stanley served as Aimco's financial advisor during the strategic review process that began in January 2025, which resulted in the Plan of Sale and Liquidation approved by stockholders in February 2026.
• Wachtell, Lipton, Rosen & KatzcoreImplementation/ SI/ Consulting Partner · 9 January 2025Wachtell served as Aimco's legal advisor during the comprehensive strategic review process involving engagement with more than 100 counterparties.

Scale indicators11 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• AvalonBay Communities: NYSE-listed apartment REIT (AVB) focused on owning, developing, and managing multifamily communities in high-barrier U.S. coastal markets. Directly comparable to Aimco in property type, target metros (including South Florida and DC), and investment strategy of development + value-add + stabilized holdings.
• Equity Residential: NYSE-listed apartment REIT (EQR) and one of the largest U.S. owners/operators of multifamily properties, concentrated in coastal gateway cities including NYC, DC, Boston, Miami, San Francisco, and Los Angeles. Comparable to Aimco in urban high-density apartment ownership and luxury positioning.
• Essex Property Trust: NYSE-listed apartment REIT (ESS) focused on West Coast multifamily (California and Seattle). Comparable to Aimco's West Coast exposure and high-barrier coastal market strategy, though geographically distinct from Aimco's Southeast emphasis.
• Mid-America Apartment Communities: NYSE-listed apartment REIT (MAA) and largest U.S. owner/operator of multifamily apartments, with a Sunbelt concentration. Comparable to Aimco in multifamily REIT structure and value-add investment approach, though focused on Sunbelt rather than coastal markets.
• Camden Property Trust: NYSE-listed apartment REIT (CPT) operating multifamily communities across the Sunbelt and Mid-Atlantic. Directly comparable to Aimco as a multifamily REIT with development, redevelopment, and acquisition activities, and a similar middle-market tenant focus.
• UDR, Inc. NYSE-listed apartment REIT (UDR) operating a national portfolio of multifamily communities including DC and coastal markets where Aimco operates. Comparable in property type, REIT structure, and diversification across markets.
• Apartment Income REIT (AIRC): Multifamily REIT that was spun off from Aimco in 2020 (as AIR Communities) and subsequently merged with Blackstone Real Estate to become Apartment Income REIT. Highly comparable given shared DNA, identical business model, and historic portfolio overlap.

Emerging players

• Independence Realty Trust: NYSE-listed apartment REIT (IRT) focused on Sunbelt B+ multifamily markets. Comparable to Aimco's value-add investment approach and multifamily focus, but smaller scale and Sunbelt-only geography.
• NexPoint Residential Trust: NYSE-listed apartment REIT (NXRT) focused on value-add multifamily investments in Sunbelt markets. Comparable to Aimco's value-add renovation strategy yielding 5-10% IRRs, though smaller scale and Sunbelt-focused.
• Veris Residential: NYSE-listed apartment REIT (VRE) focused on luxury multifamily in the Northeast, particularly NJ Waterfront submarket near NYC. Comparable to Aimco in luxury multifamily positioning and Northeast presence, though much smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/aimcoapts
• Facebookfacebook.com/aimcoapts
• LinkedInlinkedin.com/company/aimco
• Instagraminstagram.com/aimco_realestate

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aimco