Aimco Begins Wind‑Down with $680M Bulk Sales; $1.45/share Distribution

Aimco begins structured wind‑down with bulk property agreements

Apartment Investment and Management Co. (Aimco) is executing a structured wind‑down of its real estate portfolio through multiple bulk sale agreements that the company says will accelerate distributions to stockholders. Aimco reports executing contracts with four buyers to sell 12 properties for a gross price of about $680 million, backed by roughly $30 million of non‑refundable deposits. The assets under contract include a seven‑property Chicago market portfolio, Hillmeade in Nashville, Plantation Gardens in Plantation, Florida, two Manhattan buildings at 118–122 West 23rd Street and 237–239 Ninth Avenue, and two Colorado assets — The Benson Hotel and the Faculty Club in Aurora.

Aimco frames the transactions as part of an orderly, value‑maximizing liquidation process that follows its December 2025 sale of the Brickell Assemblage. The company declares a $1.45 per share liquidating distribution funded with net proceeds from that Brickell sale, and says it will pay that distribution on March 13, 2026 to stockholders of record as of Feb. 27, 2026. If the 12 properties under contract close as planned, Aimco expects to retire property‑level debt, absorb transaction costs, and pay approximately $110 million of construction debt and preferred equity borrowings before returning additional capital to holders.

Industry observers note that aggregating multiple assets into negotiated portfolios can speed execution and reduce marketing time compared with piecemeal dispositions, a tactic Aimco is emphasizing. The company says it is actively marketing remaining stabilized properties and plans to offer its land, development and lease‑up portfolio by mid‑2026, aiming to balance speed with price realization amid a commercial real estate market that remains sensitive to financing and cap‑rate movements.

Immediate payout and potential follow‑on distribution

Aimco declares the immediate $1.45 per share distribution as a direct cash return tied to the Brickell proceeds, and projects a further distribution of between $0.85 and $0.95 per share in the second quarter if pending sales close as expected. Those follow‑on estimates are conditional on transaction closings and the timing and magnitude of debt retirements and other closing adjustments.

Caution on timing and forward‑looking statements

The company underscores that many assumptions underlying timing and estimated distributions are beyond its control and may differ materially, and it does not intend to provide routine disclosure of developments unless appropriate or required. Aimco includes customary forward‑looking cautions that anticipated results, asset sale timing and capital returned to stockholders could change.