Aimco Sells Miami Properties for $520 Million
- Significant Transaction Value: Aimco sold the Brickell Assemblage for $520 million on December 22, 2025, which includes $85 million in transferable seller financing notes, showcasing the company's capability in high-value asset disposals.
- Substantial Net Proceeds: After accounting for property-level debt, deferred tax liabilities, and transaction costs, Aimco's initial net proceeds were approximately $220 million, indicating effective asset management and capital recovery strategies.
- Clear Future Plans: Aimco intends to distribute the majority of net proceeds to shareholders under its 'Plan of Sale and Liquidation,' which is expected to be presented for shareholder approval in early 2026, reflecting the company's commitment to shareholder returns.
- Ongoing Asset Dispositions: In 2025, Aimco sold $1.26 billion in real estate and is under contract to sell an additional $620 million, demonstrating the company's ongoing efforts to optimize its asset portfolio and enhance shareholder value.
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- Distribution Overview: Aimco announced the federal income tax allocation for its 2025 Class A Common Stock distributions, with a total distribution of $2.83 per share, reflecting the company's ongoing efforts to maintain stable cash flow and bolster shareholder confidence.
- Capital Gain Distribution: The 2025 distributions feature a 100% capital gain allocation, indicating Aimco's effectiveness in asset management and capital allocation, which may attract more investor interest in future investment opportunities.
- Tax Transparency: Aimco advises shareholders to consult tax advisors regarding the varying federal and state tax implications of their distributions, demonstrating the company's commitment to compliance and transparency in financial reporting.
- Strategic Review Impact: The distributions were made prior to the Board's strategic review, which may influence future asset sale and liquidation plans, showcasing the company's flexibility in adjusting strategies to adapt to market changes.
- Distribution Overview: Aimco announced a 2025 distribution of $2.83 per share for Class A Common Stock, with 100% capital gain allocation, reflecting the company's commitment to shareholder returns and stability in dividends.
- Tax Disclosure: Aimco provided detailed tax allocation information for 2025 distributions, emphasizing the impact of federal and state tax laws on shareholders and advising them to consult tax advisors for compliance.
- Strategic Review Impact: The distribution was made prior to the Aimco Board's strategic review, which may influence future capital allocation and shareholder value creation strategies.
- Shareholder Meeting Notification: Aimco will hold a special shareholder meeting to approve the
- Significant Transaction Value: Aimco sold the Brickell Assemblage for $520 million on December 22, 2025, which includes $85 million in transferable seller financing notes, showcasing the company's capability in high-value asset disposals.
- Substantial Net Proceeds: After accounting for property-level debt, deferred tax liabilities, and transaction costs, Aimco's initial net proceeds were approximately $220 million, indicating effective asset management and capital recovery strategies.
- Clear Future Plans: Aimco intends to distribute the majority of net proceeds to shareholders under its 'Plan of Sale and Liquidation,' which is expected to be presented for shareholder approval in early 2026, reflecting the company's commitment to shareholder returns.
- Ongoing Asset Dispositions: In 2025, Aimco sold $1.26 billion in real estate and is under contract to sell an additional $620 million, demonstrating the company's ongoing efforts to optimize its asset portfolio and enhance shareholder value.

Sale of Brickell Assemblage: Aimco closed the sale of its Brickell Assemblage in Miami for $520 million, which includes $85 million in transferrable seller financing notes to the buyer.
Additional Property Sales: The company has also agreed to sell two properties in Plantation, Florida, and Nashville, Tennessee, with a closing scheduled for Q1 2026.
Stock Performance: Aimco's stock rose by 1.0% in after-hours trading following the announcement of the Brickell sale.
Future Plans: Aimco plans to seek shareholder approval for its liquidation strategy in early 2026, having already sold $1.26 billion in real estate in 2025 and being under contract for an additional $620 million.
Sale Agreement: Apartment Investment and Management Company (AIV) has agreed to sell a portfolio of seven apartment properties in Chicago for $455 million to LaTerra Capital Management and Respark Residential.
Financial Details: The portfolio includes 1,495 units, with net proceeds expected to be around $160 million after debt and transaction costs, which Aimco plans to distribute to shareholders pending approval.

Aimco's Plan of Sale and Liquidation: Aimco has announced a "Plan of Sale and Liquidation" to maximize shareholder value, which will be subject to shareholder approval in early 2026. The plan aims to accelerate asset sales and return net proceeds to shareholders, estimating distributions between $5.75 and $7.10 per share.
Recent Financial Performance: In Q3 2025, Aimco reported a net income of $2.04 per share, with property net operating income decreasing by 3.4% year-over-year. The company has returned $2.83 per share to shareholders through special dividends in 2025.
Asset Sales and Market Activity: Aimco successfully sold its Boston portfolio for $740 million, with significant proceeds used to reduce debt and fund special dividends. The company is also marketing additional properties, including the Brickell Assemblage in Miami, under contract for $520 million.
Future Outlook and Strategic Review: Aimco's board, after evaluating various strategic alternatives, concluded that orderly liquidation of remaining assets is the best path forward for maximizing shareholder value, following a comprehensive review process with financial advisors.







