Project Description

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.