APARTMENT INVESTMENT & MANAGEMENT Business Summary

Apartment Investment & Management Co (Aimco) is a self-administered real estate investment trust (REIT) that, as of February 2026, is executing a stockholder-approved Plan of Sale and Liquidation. Historically, the company generated revenue through rental income and property management fees across three primary segments: Stabilized Operating Properties, Redevelopment and Development, and Land Holdings. Following a 2025 strategic review, Aimco pivoted its business model from active portfolio management to an orderly wind-down, focusing on the monetization of high-end multifamily assets in core U.S. markets such as South Florida, Washington D.C., and Chicago. The company competes with major residential REITs including AvalonBay Communities (AVB), Equity Residential (EQR), and UDR, Inc. (UDR), but currently occupies a unique market position as a liquidating entity focused on maximizing shareholder value through the systematic divestiture of its remaining $1.5 billion+ asset base. Originally founded in 1994 by Terry Considine as an evolution of The Considine Company, Aimco is led by President and CEO Wes Powell, a 20-year veteran of the firm who has overseen more than $6 billion in real estate transactions. The executive leadership team includes Executive Vice President and CFO Lynn Stanfield, who manages capital allocation and financial strategy, and Chief Administrative Officer Jennifer Johnson. The company’s governance is overseen by Chairman R. Dary Stone, former President of Cousins Properties, alongside a board that includes real estate finance expert Patricia L. Gibson and governance specialist Quincy L. Allen. Aimco’s liquidation strategy is supported by a significant institutional investor base, including major stakeholders such as The Vanguard Group and T. Rowe Price, as the firm targets the completion of its asset marketing and capital distributions by mid-2026.