Aimco
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| File:Aimco Logo.PNG | |
| Company type | Public |
|---|---|
| |
| Industry | Real estate investment trust |
| Founded | 1975 (as "The Considine Company, Inc.") 1994 (Merged with Property Asset Management & PDI, 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 | Increase US$208 million (2024) |
| Increase -US$102 million (2024) | |
| Total assets |  US$1.956 billion (2024) |
| Total equity | US$122 million (2024) |
Number of employees | 58 (2024) |
| Website | aimco |
| 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
[edit | edit source]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
[edit | edit source]| 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
[edit | edit source]| 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
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External links
[edit | edit source]
Wikimedia Commons has media related to [[commons:Lua error in Module:WikidataIB at line 506: attempt to index field 'wikibase' (a nil value).|Lua error in Module:WikidataIB at line 506: attempt to index field 'wikibase' (a nil value).]].
- Official website
- Business data for Aimco:
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