APARTMENT INVESTMENT & MANAGEMENT CO 8-K

What Happened
Apartment Investment & Management Company (AIMCO, ticker: AIV) announced it completed the sale of its Chicago portfolio to LaTerra Capital Management, LLC on March 27, 2026. The transaction covers seven apartment properties totaling 1,495 units and was agreed at a gross price of $455.0 million. The purchaser is unaffiliated with Aimco and assumed $282.5 million of non‑recourse property debt in connection with the sale. The seven properties include Eldridge, Elm Creek, Evanston Place, Yorktown Apartments, 2200 Grace, Hyde Park Tower, and Willow Bend.

Key Details

• Sale completed: March 27, 2026.
• Gross purchase price: $455.0 million.
• Properties/units: 7 properties totaling 1,495 units.
• Debt assumed by purchaser: $282.5 million of non‑recourse property debt.
• Aimco filed unaudited pro forma condensed consolidated financial statements reflecting the transaction as Exhibit 99.1 to the 8‑K.

Why It Matters
The transaction removes a sizable group of Chicago assets from Aimco’s portfolio and transfers $282.5M of property‑level debt off Aimco’s balance sheet (since it was assumed by the buyer). Aimco has provided pro forma financials to show the post‑transaction impact on its consolidated results. The company also included forward‑looking disclosures noting that timing and amounts of any capital returned to stockholders or other impacts depend on future conditions and are not guaranteed—investors should review Aimco’s risk factors and recent 10‑K/proxy filings for additional context.