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    Rick Skidmore

    Vice President and Investment Research Analyst at Goldman Sachs Group, Inc.

    Rick Skidmore is a Vice President and Investment Research Analyst at Goldman Sachs Group, Inc., specializing in coverage of US Real Estate Investment Trusts (REITs) and commercial real estate services. He has covered companies such as Apartment Investment and Management Company, providing detailed research and earnings call analysis, and maintains an 80% success rate with an average return of 15.91%. Skidmore started at Goldman Sachs in 2011 as a Business Unit Manager in Global Research Management, transitioned to Investment Research in 2019, and remained until 2021 before becoming Executive Vice President at Cache Valley Bank. He holds an MBA in Finance from The Wharton School and a BA in Economics from Brigham Young University, with prior FINRA-qualifying experience as a research analyst.

    Rick Skidmore's questions to APARTMENT INVESTMENT & MANAGEMENT (AIV) leadership

    Rick Skidmore's questions to APARTMENT INVESTMENT & MANAGEMENT (AIV) leadership • Q2 2020

    Question

    Rick Skidmore from Goldman Sachs asked for an update on the lease-up progress of the development and redevelopment pipeline. He also inquired about the expected timing for realizing the full annualized $30 million in incremental Net Operating Income (NOI) from these projects.

    Answer

    Wes Powell, EVP of Redevelopment, reported that projects are leasing up in line with expectations, though achieving full stabilization may take slightly longer than originally planned. Keith Kimmel, EVP of Property Operations, added specifics, noting Parc Mosaic is 84% leased and should stabilize by year-end, while other projects like Eldridge, 707 Leahy, and Fremont are absorbing well as units are delivered.

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