 | |
| Company type | Public |
|---|---|
| |
| Industry | Real estate investment trust |
| Founded | 1975; 51 years ago (1975) (as "The Considine Company, Inc.") 1994; 32 years ago (1994) (Merged with Property Asset Management & PDI, Inc.) |
| Founder | Terry Considine |
| Headquarters | Denver, Colorado, U.S. |
Key people | R. Dary Stone (chairman) Wes Powell (president &CEO) Lynn Stanfield (CFO) |
| Products | Apartments |
| Revenue |  US$208 million (2024) |
| -US$102 million (2024) | |
| Total assets |  US$1.956 billion (2024) |
| Total equity | US$122 million (2024) |
Number of employees | 58 (2024) |
| Website | aimco |
| Footnotes / references [1] | |
Apartment Investment and Management Company, commonly referred to asAimco, is an American publicly tradedreal estate investment trust. As of December 31, 2024, the company owned 24 apartment communities comprising 5,243 apartment units as well as one hotel.[1]
Aimco traces its roots to The Considine Company, formed in 1975 byTerry Considine. Aimco was incorporated on January 10, 1994 and became apublic company via aninitial public offering on July 29, 1994.[1]
| Year | Company | Notes | Ref |
|---|---|---|---|
| 1996 | Walters Management Company | [2] | |
| 1996 | J.W. English Company | [3] | |
| 1997 | Apartment portfolio of Winthrop | 8,175 apartments | [4] |
| 1997 | NHP | 87,659 apartments | [5] |
| 1998 | Apartment division ofInsignia Financial Group | Price was $910 million | [6] |
| 2000 | Oxford and affiliates | 36,662 apartment units | [7][8] |
| 2002 | Casden | Founded byAlan Casden; owned 17,383 apartments, price was $206 million in stock and $198 million in cash | [9] |
| Year | Company | Notes | Ref |
|---|---|---|---|
| 2018 | Affordable apartments business | Sold toRelated Companies | [10] |
| 2020 | Stabilized apartments | Corporate spin-off of Apartment Income REIT Corp.; acquired byThe Blackstone Group | [11] |
