Skip to content Aimco Spin-off NotesRich Howe2020-10-01T15:47:37-04:00
Aimco Spin-off Notes
- Aimco (AIV) announced on September 14, 2020 that it intends to break up into two companies: Apartment Income REIT (AIR) and Aimco.
- AIR, a newly formed, self-managed real estate investment trust will provide a simple and transparent way to invest in the multi-family sector: ownership with public market liquidity of a diversified portfolio of apartment communities, with low financial leverage, limited execution risk, best-in-class operations, and sector low management costs.
- Aimco will retain its growing business of developing and redeveloping apartment communities while also pursuing other accretive transactions.
- Here’s a good CNBC article on activist Real Estate Investor, Land & Buildings, who is against the breakup.