Alexander Kalmus's questions to APARTMENT INVESTMENT & MANAGEMENT (AIV) leadership • Q3 2020
Question
Alexander Kalmus from Zelman & Associates inquired about how Aimco demarcates its urban versus suburban properties and asked for an opinion on how the potential elimination of 1031 exchanges would affect the multifamily transaction market.
Answer
EVP of Property Operations Keith Kimmel clarified that the urban/suburban distinction is based on physical geography, citing specific property examples. Chairman and CEO Terry Considine addressed the 1031 exchange question, stating that increased taxes would simply reduce overall transaction activity.