John Kim

John Pawlowski

Haendel St. Juste

Alex Kalmus

Austin Wurschmidt

Rich Anderson

Richard Anderson

Alexander Kalmus

Alua Askarbek

Chandni Luthra

Jeff Spector

Nick Joseph

Rick Skidmore

Robert Stevenson

Sumit Sharma

Zachary Silverberg

- On **September 9, 2025**, Apartment Investment and Management Company (Aimco) completed the sale of **four of five properties** in its Boston Portfolio for **$490 million in cash**.  **[922864_0001193125-25-203790_aiv-20250909.htm:0]** **[922864_0001193125-25-203790_aiv-ex99_1.htm:1]** 
- The remaining property in the Boston Portfolio is under contract for **$250 million** and is expected to close in the fourth quarter of 2025, with a **$20 million non-refundable deposit** received.  **[922864_0001193125-25-203790_aiv-20250909.htm:0]** **[922864_0001193125-25-203790_aiv-ex99_1.htm:1]** 
- The company declared a **special cash dividend of $2.23 per share** on **September 15, 2025**, to be paid from the proceeds of the initial sale.  **[922864_0001193125-25-203790_aiv-ex99_1.htm:1]** 
- The Boston Portfolio will be classified as a **discontinued operation** beginning with the third quarter of 2025.  **[922864_0001193125-25-203790_aiv-ex99_1.htm:1]**

Aimco Completes Partial Boston Portfolio Sale and Declares Special Dividend

- Aimco has completed the sale of four suburban Boston properties for **$490 million**.  **[922864_20250915LA74070:0]** 
- The company's Board of Directors has declared a **$2.23 per share special cash dividend**, payable on **October 15, 2025**, to stockholders of record as of **September 30, 2025**.  **[922864_20250915LA74070:0]** 
- With additional pending sales of **$770 million** (Royal Crest Estates, Nashua for $250 million and two Brickell, Miami assets for $520 million) expected to close in 2025, Aimco anticipates total dispositions of **$1.26 billion** for the year, generating approximately **$785 million** in net proceeds.  **[922864_20250915LA74070:0]** 
- Aimco expects to return between **$4.00 and $4.20 per share** to stockholders in 2025 and pay off approximately **$100 million** of incremental debt.  **[922864_20250915LA74070:0]**

Aimco Completes Asset Sales and Declares Special Dividend

APARTMENT INVESTMENT & MANAGEMENT (AIV)