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Aimco Liquidation Distribution Announcement

On February 9, 2026, Apartment Investment and Management Company, better known as Aimco, made significant strides in its ongoing liquidation efforts following a special meeting held on February 6, where shareholders overwhelmingly approved the proposed Plan of Sale and Liquidation put forth by Aimco's Board of Directors. This pivotal decision will mark a new chapter in the company’s history as it works to maximize shareholder value.

Key Liquidating Distribution Details

The Board of Directors officially announced a liquidating distribution of $1.45 per share, slated for disbursement on March 13, 2026. This distribution will be funded with the net proceeds accrued from the December 2025 sale of the Brickell Assemblage. Shareholders who were on record as of February 27, 2026 will be eligible for this distribution, representing a calculated effort to unlock value for investors while navigating through the liquidation process.

Property Sales Underway

In parallel to the distribution announcement, Aimco has entered into agreements with four buyers to offload 12 properties, totaling an impressive gross price of approximately $680 million. Among these transactions, significant properties include:
- Chicago-market portfolio (7 properties)
- Hillmeade in Nashville, TN
- Plantation Gardens in Plantation, FL
- Two locations in New York City: 118-122 West 23rd Street and 237-239 Ninth Avenue
- The Benson Hotel and Faculty Club in Aurora, CO

With around $30 million in non-refundable deposits already secured, Aimco looks poised to execute these sales, further reinforcing its commitment to liquidate assets efficiently. If all contracted properties successfully close, shareholders can expect additional distributions ranging from $0.85 to $0.95 per share in the second quarter of 2026. This projection considers the expenses related to retiring property-level debts and transaction costs, alongside the planned payoff of significant construction debts totaling approximately $110 million.

Future Plans and Potential Risks

Aimco remains steadfast in its strategy: to conduct an efficient and orderly sale of its remaining holdings. Aside from the properties currently under contract, Aimco is actively promoting the sale of its remaining stabilized properties and anticipates placing all of its land, development, and lease-up assets on the market by mid-2026.

Despite this positive trajectory, Aimco has raised caution regarding the risks associated with its forward-looking statements. Factors beyond the company’s control, such as market conditions and regulatory changes, could impact the planned timelines and the actual amounts distributed to shareholders. Therefore, stakeholders are advised to remain prudent and review Aimco’s financial metrics closely, along with pertinent risks outlined in the company’s recent proxy statement and annual reports.

Aimco: A Closer Look

As a prominent player in the U.S. multifamily real estate sector, Aimco has established a reputation for value-added and opportunistic investments, consistently striving to create substantial value for investors and communities alike. The company's approach integrates its human capital into real estate investments, aligning stakeholder interests towards long-term benefits. With trading activities on the NYSE under the ticker symbol AIV, further details about Aimco's strategies and asset management can be explored on their official website, www.aimco.com.

In conclusion, Aimco’s recent developments signify a well-structured pivot towards liquidating its assets with intent and purpose, aiming to realize and distribute value back to shareholders efficiently. As the company progresses through this transitional phase, continuous monitoring of their financial and market conditions, along with potential regulatory challenges, remains essential.