- CEO
- Wesley William Powell
- Full Time Employees
- 58
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 4582 South Ulster Street Denver CO United States of America 80237
- IPO Date
- Jul 22, 1994
- Business
- Apartment Investment and Management Company (Aimco) is a publicly traded real estate investment trust (REIT) focused on the ownership, development, and management of multifamily apartment communities across the United States. Aimco's core offerings encompass a diversified portfolio of multifamily residential properties, including Class A luxury apartments and affordable housing units; comprehensive property management services such as leasing, tenant relations, maintenance, and rent collection; asset management involving renovations, repositioning, and capital improvements; and development of new apartment communities with an emphasis on modern amenities and sustainable building practices. Aimco operates primarily in major U.S. urban and suburban markets, notably retaining significant property holdings in suburban Chicago and Washington, D.C., while strategically expanding and optimizing its portfolio nationwide. Founded in 1994 and headquartered in Denver, Colorado, Aimco cultivates value-add and opportunistic investments in the multifamily sector through operational efficiencies, technology integration, and proactive asset management.
Recently, Aimco has undertaken substantial portfolio transactions and strategic shifts. In 2025, it announced $1.26 billion in pending asset sales, including a $740 million sale of five suburban Boston communities totaling 2,719 units to Harbor Group International and a $520 million sale of the Brickell Assemblage in Miami, consolidating its portfolio towards fewer, higher-performing assets. These sales will leave Aimco with 18 apartment communities comprising 3,457 units, focusing operations in selected regional markets. The company has also completed lease-ups on new luxury projects such as Corte Madera and is progressing on developments and stabilizations in the Washington, D.C. area and Miami waterfront. Aimco reported a net operating income (NOI) growth with stabilized properties delivering strong occupancy rates near 96-98% and rent growth of approximately 2.5-3%. It continues to prioritize returning capital to shareholders through dividends, including special dividends paid in early 2025, and is focused on enhancing property performance via targeted capital investments and operational improvements.
Aimco's business approach centers on long-term value creation for its shareholders by leveraging its expertise in asset identification, capital deployment, and operational execution within the multifamily apartment sector. Its strategic repositioning and asset recycling initiative aim to optimize its portfolio for sustained growth and profitability while maintaining a solid balance sheet and liquidity position. The company engages in comprehensive capital management by securing financing and managing expenditures to support its investment and development plans. Aimco's position as a leading multifamily REIT is reinforced by its nationwide footprint, diversified property types, and strong industry partnerships.