• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Aimco Announces Expansion of Process to Maximize Shareholder Value Following Agreement to Sell Brickell Properties

    1/9/25 1:30:00 PM ET
    $AIV
    Real Estate Investment Trusts
    Real Estate
    Get the next $AIV alert in real time by email

    DENVER, Jan. 9, 2025 /PRNewswire/ -- As previously announced on December 30, 2024, Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE:AIV) entered into an agreement to sell the properties located at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami, Florida (together referred to as the "Brickell Assemblage") for a gross price of $520 million. The buyer has completed due diligence and has made a non-refundable deposit of $38 million.  Aimco intends to return the majority of the net proceeds from the transaction, after accounting for the associated property-level debt and deferred tax liability, to shareholders.

    Aimco (PRNewsfoto/Apartment Investment and Management Company (Aimco))

    The pending sale of the Brickell Assemblage marks an important step in Aimco's efforts to simplify its holdings and to unlock value for shareholders.  Upon closing of the Brickell Assemblage transaction, which is subject to certain closing conditions and extension options, Aimco will primarily consist of a portfolio of more than 5,200 well-located apartment homes that we believe is well-positioned to experience strong revenue growth, nearly 1,000 newly constructed apartment homes that are expected to be occupancy stabilized within the next 12 months, one active development project located on Miami's waterfront, and a deep pipeline for future growth that includes more than 7.7 million square feet of development potential.

    Since the spin-off of Apartment Income REIT Corp. in December of 2020, Aimco has delivered consistently strong operational performance with average annual same store NOI growth of greater than 7.6%, successfully completed more than $1.3 billion of development projects, secured attractively priced long-dated financing, significantly improved corporate governance, and pro forma for the Brickell sale, will have closed more than $1.7 billion of asset sales and returned substantial capital to shareholders, including the special dividend slated for January 31, 2025, as previously announced.

    These results were achieved by a dedicated and experienced team that is active in its approach to investment and portfolio management and prudent in the allocation of shareholder capital. We are pleased with the transformation of the Aimco portfolio and the objective results delivered over the past four years.  However, our shares continue to trade at a meaningful discount to our estimate of the private market value of our assets and investment platform, which we believe has limited our ability to fund new investment opportunities and accelerate growth.

    Therefore, the Aimco Board of Directors has decided to explore additional alternatives in an effort to further unlock and maximize shareholder value. The exploration will expand upon Aimco's ongoing efforts such as reducing exposure to development activity and monetizing certain assets, and include, but not be limited to, exploration of potential sales of the major components of the business (in one or a series of transactions), an acceleration of individual asset sales, or a sale or merger of the Company as a whole.  Our guiding principle will be to produce an outcome that delivers maximum value to Aimco shareholders.  The strategic process is being overseen by Aimco's Investment Committee, comprised of four independent Aimco Board Members. Morgan Stanley & Co. LLC is serving as financial advisor to Aimco.

    There can be no assurance that this expanded strategic process will result in any transaction or transactions or other strategic changes or outcomes, and the timing or outcome of any such event is similarly uncertain. Aimco does not intend to disclose or comment on developments related to the foregoing unless or until it determines that further disclosure is appropriate or required.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations. Words such as "anticipate(s)," "expect(s)," "intend(s)," "plan(s)," "believe(s)," "may," "will," "would," "could," "should," "seek(s)," "forecast(s)," and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements, including those regarding revenue growth, development potential, potential strategic transactions, the timing of asset sales, and the timing and amount of capital expected to be returned to shareholders, are not guarantees of future performance, condition or results, and involve a number of known and unknown risks, uncertainties, and assumptions that may affect actual results or outcomes, including changes in market conditions, fluctuations in our stock price, our financial performance, regulatory changes, and general economic conditions. Readers should carefully review Aimco's financial statements and the notes thereto, as well as the section entitled "Risk Factors" in Item 1A of Aimco's Annual Report on Form 10-K for the year ended December 31, 2023, as these filings identify and address important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. These forward-looking statements reflect management's judgment as of this date, and Aimco assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances.

    About Aimco

    Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through its human capital so that substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit its website www.aimco.com.

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aimco-announces-expansion-of-process-to-maximize-shareholder-value-following-agreement-to-sell-brickell-properties-302347332.html

    SOURCE Apartment Investment and Management Company (Aimco)

    Get the next $AIV alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $AIV

    DatePrice TargetRatingAnalyst
    7/31/2023Peer Perform
    Wolfe Research
    More analyst ratings

    $AIV
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Aimco Reports First Quarter 2025 Results and Recent Highlights

      DENVER, May 8, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today first quarter results for 2025 and provided highlights on recent activities. Financial Results Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.10) for the quarter ended March 31, 2025.Net Operating Income ("NOI") from Aimco's Stabilized Operating Properties was $25.1 million in the first quarter 2025, up 2.7% year-over-year.CEO Commentary Wes Powell, Aimco President and Chief Executive Officer, comments: "We con

      5/8/25 4:15:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Aimco Announces First Quarter 2025 Earnings Date

      DENVER, April 28, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it plans to report 2025 first quarter results on Thursday, May 8, 2025, after the market closes. Aimco's earnings release will be available in the Investor Relations section of its website at investors.aimco.com. About AimcoAimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through its

      4/28/25 4:10:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Aimco Reports Fourth Quarter and Full Year 2024 Results and Establishes 2025 Guidance

      DENVER, Feb. 24, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today fourth quarter and full year 2024 results and established 2025 guidance. Financial Results Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.08) for the quarter, and $(0.75) for the year ended December 31, 2024.Net Operating Income ("NOI") from Aimco's Stabilized Operating Properties was $25.9 million in the fourth quarter 2024, up 4.5% year-over-year, and full year 2024 NOI was $99.0 million, also up 4.5% year-

      2/24/25 4:45:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Apartment Investment and Management Company

      SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)

      11/14/24 1:22:34 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Amendment: SEC Form SC 13D/A filed by Apartment Investment and Management Company

      SC 13D/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)

      7/12/24 10:45:26 AM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • SEC Form SC 13G/A filed by Apartment Investment and Management Company (Amendment)

      SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)

      2/14/24 4:00:32 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    Financials

    Live finance-specific insights

    See more
    • Aimco Reports First Quarter 2025 Results and Recent Highlights

      DENVER, May 8, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today first quarter results for 2025 and provided highlights on recent activities. Financial Results Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.10) for the quarter ended March 31, 2025.Net Operating Income ("NOI") from Aimco's Stabilized Operating Properties was $25.1 million in the first quarter 2025, up 2.7% year-over-year.CEO Commentary Wes Powell, Aimco President and Chief Executive Officer, comments: "We con

      5/8/25 4:15:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Aimco Reports Fourth Quarter and Full Year 2024 Results and Establishes 2025 Guidance

      DENVER, Feb. 24, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today fourth quarter and full year 2024 results and established 2025 guidance. Financial Results Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.08) for the quarter, and $(0.75) for the year ended December 31, 2024.Net Operating Income ("NOI") from Aimco's Stabilized Operating Properties was $25.9 million in the fourth quarter 2024, up 4.5% year-over-year, and full year 2024 NOI was $99.0 million, also up 4.5% year-

      2/24/25 4:45:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Aimco Announces Expansion of Process to Maximize Shareholder Value Following Agreement to Sell Brickell Properties

      DENVER, Jan. 9, 2025 /PRNewswire/ -- As previously announced on December 30, 2024, Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE:AIV) entered into an agreement to sell the properties located at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami, Florida (together referred to as the "Brickell Assemblage") for a gross price of $520 million. The buyer has completed due diligence and has made a non-refundable deposit of $38 million.  Aimco intends to return the majority of the net proceeds from the transaction, after accounting for the associated property-level debt and deferred tax liability, to shareholders.

      1/9/25 1:30:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    SEC Filings

    See more
    • SEC Form DEFA14A filed by Apartment Investment and Management Company

      DEFA14A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)

      4/25/25 4:35:28 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • SEC Form DEF 14A filed by Apartment Investment and Management Company

      DEF 14A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)

      4/25/25 4:33:24 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Apartment Investment and Management Company filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)

      2/24/25 5:00:12 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Wolfe Research initiated coverage on Apartment Investment & Mgmt

      Wolfe Research initiated coverage of Apartment Investment & Mgmt with a rating of Peer Perform

      7/31/23 7:29:04 AM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    Leadership Updates

    Live Leadership Updates

    See more
    • Land & Buildings Issues Letter to Aimco Board Calling for Sale Process

      Believes Company Has Still Not Done Enough to Address Substantial and Persistent Discount to NAV Urges Board to Immediately Begin a Full Process to Evaluate Alternatives to Maximize Shareholder Value Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings", "us" or "we"), a large shareholder of Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company"), today issued an open letter to the Company's Board of Directors (the "Board"). The full letter is included below: Dear Members of the Board, As you know, Land & Buildings remains a large shareholder of Aimco and has continued to engage with the Company since the 2022 Annua

      4/18/23 8:00:00 AM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Aimco Appoints Sherry L. Rexroad to Board of Directors

      Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company") today announced that it has appointed Sherry L. Rexroad to its Board of Directors, effective immediately. Ms. Rexroad has been appointed to Aimco's Audit, Compensation and Human Resources, Investment, and Nominating, Environmental, Social, and Governance Committees. Ms. Rexroad is a highly regarded executive and former institutional investor with 30 years of experience in REITs and real estate, finance and capital markets. She most recently served as Chief Financial Officer of STORE Capital, a publicly traded net-lease REIT. Prior to that she spent a decade at BlackRock Global Real Asset Securities as Global

      3/27/23 4:13:00 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • Aimco Files Investor Presentation Highlighting Successful Execution of Value-Add Strategy Under Leadership of New Board of Directors and Management Team

      Company has Delivered Superior Stockholder Returns Since Spin-Off in 2020, Materially Outperforming Peer Group, Real Estate Indices and Broader Market Indices New Aimco's Qualified and Experienced Director Nominees are Best-Suited to Continue Overseeing New Aimco's Strategy Land & Buildings is Fixated on Historical Issues and Decisions Made Prior to Reconstitution of the Board and Appointment of New Aimco Leadership Team Urges Stockholders to Use Universal WHITE Proxy Card to Vote "FOR ALL" Three of the Company's Nominees: Jay Paul Leupp, Michael A. Stein and R. Dary Stone Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company"), today filed an investor presenta

      11/21/22 6:59:00 AM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Smith Deborah bought $1,000 worth of shares (137 units at $7.30) and was granted 30,184 shares, increasing direct ownership by 48% to 93,853 units (SEC Form 4)

      4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)

      2/2/24 4:17:47 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate

    $AIV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP, CAO, and General Counsel Johnson Jennifer covered exercise/tax liability with 38,497 shares, decreasing direct ownership by 11% to 311,165 units (SEC Form 4)

      4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)

      4/16/25 4:16:36 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • EVP and CFO Stanfield Lynn covered exercise/tax liability with 54,222 shares, decreasing direct ownership by 10% to 470,318 units (SEC Form 4)

      4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)

      4/16/25 4:16:07 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate
    • President and CEO Powell Wesley William covered exercise/tax liability with 89,814 shares, decreasing direct ownership by 13% to 618,455 units (SEC Form 4)

      4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)

      4/16/25 4:15:37 PM ET
      $AIV
      Real Estate Investment Trusts
      Real Estate