Article · Wikipedia archive · Last revised Jun 11, 2026

Aimco

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.

Last revised
Jun 11, 2026
Read time
≈ 2 min
Length
427 w
Citations
13
Source
Wikipedia ↗
Apartment Investment and Management Company
Company type
Public
IndustryReal estate investment trust
Founded1975 (1975) (as "The Considine Company, Inc.")
1994 (1994) (Merged with Property Asset Management & PDI, Inc.)
FounderTerry Considine
HeadquartersDenver, Colorado, U.S.
Key people
R. Dary Stone (chairman)
Wes Powell (president & CEO)
Lynn Stanfield (CFO)
ProductsApartments
RevenueIncrease US$208 million (2024)
Increase -US$102 million (2024)
Total assetsDecrease US$1.956 billion (2024)
Total equityDecrease US$122 million (2024)
Number of employees
58 (2024)
Websiteaimco.com
Footnotes / references
1

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.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 78
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

References

  1. "Apartment Investment and Management Company 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 24, 2025.
  2. HIRSH, LOU (April 22, 2013). "Piece of Local History Is Part of La Jolla Apartment Buy". American City Business Journals.
  3. Rutledge, Tanya (November 24, 1996). "Low-profile New York investors to build huge industrial complex". American City Business Journals.
  4. "Apartment Investment Adds 8,175 Units From Winthrop". The New York Times. Reuters. October 18, 1997.
  5. Knight, Jerry (December 10, 1997). "APARTMENT MANAGER NHP ACQUIRED BY DENVER TRUST". The Washington Post.
  6. HOLUSHA, JOHN (May 24, 1998). "Commercial Property/Insignia Financial Group; Shedding Residential to Focus on Commercial". The New York Times.
  7. "Aimco completes purchase of Oxford". American City Business Journals. September 20, 2000.
  8. "APARTMENT INVESTMENT AGREES TO ACQUIRE OXFORD FUND". The New York Times. Bloomberg News. December 1, 2000.
  9. "Aimco Buys Units From Casden". Los Angeles Times. Bloomberg News. March 12, 2002.
  10. "Aimco Closes Sale of Asset Management Portfolio to Related Companies" (Press release). Business Wire. July 25, 2018.
  11. "Aimco Completes Separation of Apartment Income REIT Corp" (Press release). Business Wire. December 15, 2020.
External links