Aimco Accelerates Liquidation with $1.45 Distribution and $680M Targeted Asset Sales

Aimco accelerates liquidation with targeted asset sales

Apartment Investment & Management Co. (Aimco) says its stockholders approve the Board’s Plan of Sale and Liquidation and the company declares a $1.45 per‑share liquidating distribution, funded with net proceeds from the December 2025 sale of its Brickell Assemblage. The Board sets a record date of Feb. 27, 2026 and schedules payment for March 13, 2026, framing the payment as an early return of capital while Aimco executes an orderly wind‑down of its portfolio.

The company reports that it has executed sale agreements with four buyers covering 12 properties at a gross price of about $680 million, with roughly $30 million of non‑refundable deposits in place. Assets under contract include a seven‑property Chicago portfolio, Hillmeade in Nashville, Plantation Gardens in Plantation, Florida, two Manhattan buildings at 118–122 West 23rd Street and 237–239 Ninth Avenue, plus The Benson Hotel and the Faculty Club in Aurora, Colorado. Aimco says these targeted dispositions form the backbone of the liquidation strategy and are designed to maximize value while winding down operations.

Aimco outlines distribution plans tied to closing outcomes and debt retirements. If the contracted sales close as planned, the company expects to distribute between $0.85 and $0.95 per share in the second quarter after retiring property‑level debt, covering transaction costs and repaying roughly $110 million of construction debt and preferred equity borrowings. Management says it is actively marketing remaining stabilized properties and plans to offer its land, development and lease‑up portfolio by mid‑2026 as part of a staged sales program intended to preserve asset value.

Mechanics and timeline

The $1.45 distribution is payable from proceeds already realized and is the first step in a broader capital return sequence that depends on additional closings. Aimco stresses the focus on an “efficient, orderly sales process” and notes non‑refundable deposits on current contracts reduce execution risk but do not guarantee closings or final proceeds.

Forward‑looking caution

Aimco cautions that timing and amounts of future distributions depend on factors beyond its control and includes a standard forward‑looking statement identifying risks tied to asset sale timing, closing conditions and market conditions. The company also signals it does not plan routine public updates on each development unless required or appropriate.