Real Estate Liquidation
Search documents
Aimco Files Proxy Statement and Sets Date for Special Meeting of Stockholders to Approve Plan of Sale and Liquidation
Prnewswire· 2026-01-05 13:00
Core Viewpoint - Aimco is pursuing an orderly sale of its remaining high-quality portfolio to maximize shareholder value, as determined by its Board of Directors after a comprehensive strategic review [2]. Group 1: Special Stockholder Meeting - Aimco has filed a definitive proxy statement with the SEC for a special stockholder meeting scheduled for February 6, 2026, to approve the "Plan of Sale and Liquidation" [1]. - Shareholders of record as of December 31, 2025, will be eligible to vote at the meeting [1]. Group 2: Financial Performance and Asset Sales - Aimco recently completed the sale of its Brickell Assemblage for $520 million and has an additional $620 million in assets under contract for sale [4]. - The company is actively marketing a significant portion of its remaining portfolio and expects to deliver net proceeds to shareholders through liquidating distributions estimated between $5.75 and $7.10 per share [4]. Group 3: Company Background - Aimco has a long history of acquiring, constructing, renovating, and managing a large portfolio of multifamily assets, focusing on delivering exceptional returns for its partners and shareholders [3]. - Aimco is a diversified real estate company primarily targeting value-add and opportunistic investments in the U.S. multifamily sector [10].