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Company type | Public |
---|---|
| |
Industry | Real estate investment trust |
Founded | 1975 1994 (Merged with Property Asset Management & PDI, Inc.) | (as "The Considine Company, Inc.")
Founder | Terry Considine |
Headquarters | Denver, Colorado, U.S. |
Key people | R. Dary Stone (
chairman of the board) Wes Powell ( president & CEO) Lynn Stanfield ( CFO) |
Products | Apartments |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 62 (2022) |
Website |
aimco |
Footnotes / references [1] |
Apartment Investment and Management Company, commonly referred to as Aimco, is an American publicly traded real estate investment trust. As of December 31, 2022, the company owned 26 apartment communities comprising 5,940 apartment units in the United States. [1]
Aimco traces its roots to The Considine Company, formed in 1975 by Terry Considine. Aimco was incorporated on January 10, 1994. [1] Aimco became a public company via an initial public offering on July 29, 1994. [2]
Major acquisitions by Aimco include Walters Management Company, [3] the J.W. English Company, [4] NHP, [5] Insignia, [6] Oxford, [7] [8] and Casden. [9] In 1999, Aimco became the largest owner of apartment buildings in the U.S. [10]
In 2018, Aimco exited the affordable apartment business. [11]
In 2020, Aimco spun off its property management function and the majority of its stabilized apartment properties into a new publicly traded REIT, Apartment Income REIT Corp. [12] [13]