Aimco Declares Initial Liquidating Distribution and Provides Updates on Pending Transactions

Core Viewpoint - Aimco's stockholders have overwhelmingly approved the Plan of Sale and Liquidation proposed by the Board of Directors, indicating strong support for the company's strategic direction [1] Group 1: Liquidation and Distributions - Following the approval of the Plan, the Board declared a liquidating distribution of $1.45 per share, funded by the net proceeds from the December 2025 sale of Aimco's Brickell Assemblage, to be paid on March 13, 2026, to stockholders of record as of February 27, 2026 [2] - Aimco expects to distribute between $0.85 and $0.95 per share during the second quarter, contingent on the successful closing of properties currently under contract, after accounting for debt and transaction costs [3] Group 2: Property Sales and Strategy - Aimco has entered into agreements with four buyers to sell 12 properties for a gross price of approximately $680 million, with $30 million in non-refundable deposits already secured [2] - The company is focused on the efficient sale of its holdings to maximize stockholder value and plans to market its remaining stabilized properties and all land, development, and lease-up properties by mid-2026 [4] Group 3: Company Overview - Aimco is a diversified real estate company primarily targeting value-add and opportunistic investments in the U.S. multifamily sector, aiming to create substantial value for investors and communities [7]