Aimco to Liquidate Holdings
The firm's holdings currently include more than 3,500 apartments.
Apartment Investment and Management Co. intends to sell and liquidate its remaining assets. However, the deal—set to close early next year—requires the shareholders’ approval first.
Aimco is active across markets such as Chicago, New York City, Nashville, Tenn., San Francisco and Cleveland, Ohio, among others, according to Yardi Matrix information.
The firm’s portfolio includes 19 properties, comprising 15 stabilized communities totaling 2,524 units, three recently completed properties encompassing 933 apartments and one project under construction. The firm also owns various land holdings.
Revenue across Aimco’s stabilized portfolio went up 1.1 percent during the first nine months of 2025 compared to the same period of 2024. However, a 7.1 percent expense growth reduced the net operating income by 1.9 percent during the same period.
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Moreover, the average daily occupancy clocked in at 94.8 percent during the third quarter, down 180 basis points year-over-year. While demand eased, effective rents were 4.4 percent higher compared to previous leases. New deal premiums were up 3.1 percent, while renewals improved 5.6 percent during the third quarter.
Morgan Stanley and Wachtell, Lipton, Rosen & Katz served as Aimco’s financial and legal advisers, respectively, during the portfolio’s strategic evaluation.
Aimco’s recent and soon-to-close deals
Aimco already closed a $740 million Boston deal this year. A joint venture between Harbor Group International and CBRE Investment Management acquired the five-asset, 2,719-unit collection.
Additionally, Aimco plans to sell a development site in Miami’s Brickell neighborhood for $520 million. Once this deal closes in December, it could be the largest land transaction in The Magic City’s history. The site currently contains an office tower and residential building; yet the prospective buyers, Oak Row Equities and Mariposa Real Estate, plan to capitalize on the Miami condo market instead with a new project.
