Aimco Declares Initial Liquidating Distribution and Provides Updates on Pending Transactions

Rhea-AI Summary

Aimco (NYSE: AIV) stockholders approved a Plan of Sale and Liquidation. The Board declared a $1.45 per share liquidating distribution funded by net proceeds from the December 2025 Brickell Assemblage sale, payable March 13, 2026 to holders of record February 27, 2026.

Aimco has contracts to sell 12 properties for approximately $680 million with about $30 million of non-refundable deposits. If those sales close, Aimco expects to distribute $0.85–$0.95 per share in 2Q 2026 after retiring property debt and paying ~$110 million of construction debt and preferred equity. Remaining stabilized, land and development assets are being marketed, with full marketing planned by mid-2026. Forward-looking statements and risks apply.

Positive

• $1.45 per share initial liquidating distribution declared
• Contracts to sell 12 properties at approximately $680 million gross
• $30 million of non-refundable deposits secured on sales
• Expected $0.85–$0.95 per share distribution in 2Q 2026 if closings occur
• Plan to market remaining land, development, and stabilized assets by mid-2026

Negative

• Planned payoff of approximately $110 million construction debt and preferred equity
• Expected 2Q distributions depend on multiple assumptions beyond company control
• Sales and timing remain subject to closing risk and market conditions

News Market Reaction

+0.68%

1 alert

+0.68% News Effect

On the day this news was published, AIV gained 0.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Initial liquidating distribution: $1.45 per share Properties under contract: 12 properties Gross sale price: $680 million +5 more

8 metrics

Initial liquidating distribution $1.45 per share Declared by Board, payable March 13, 2026

Properties under contract 12 properties Agreements with four separate buyers

Gross sale price $680 million Aggregate price for 12 properties under contract

Non-refundable deposits $30 million Deposits tied to properties currently under contract

Expected 2Q distributions $0.85–$0.95 per share If contracted property sales close as planned

Debt and preferred payoff $110 million Planned payoff of construction debt and preferred equity

Special meeting date February 6, 2026 Stockholder approval of Plan of Sale and Liquidation

Distribution record date February 27, 2026 Record date for $1.45 per share liquidating distribution

Market Reality Check

Price: $5.91 Vol: Volume 1,176,264 is below...

low vol

$5.91 Last Close

Volume Volume 1,176,264 is below 20-day average of 1,742,103, suggesting no outsized pre-news positioning. low

Technical Shares at 5.91 trade below 200-day MA of 7.17, reflecting a prior downtrend into the liquidation phase.

Peers on Argus

AIV’s modest 0.17% gain contrasted with mixed peers: moves ranged from -0.31% (U...

AIV’s modest 0.17% gain contrasted with mixed peers: moves ranged from -0.31% (UMH) to +3.42% (VRE), with no clear sector-wide pattern.

Historical Context

5 past events · Latest: Jan 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 05	Proxy and meeting set	Positive	+0.5%	Filed proxy and set special meeting to approve sale and liquidation plan.
Dec 23	Major asset sale	Positive	+2.9%	Closed Brickell Assemblage sale and agreed to sell two more properties.
Dec 15	Portfolio sale deal	Positive	+1.1%	Entered agreement to sell Chicago apartment portfolio with planned shareholder distributions.
Nov 10	Strategic review, earnings	Positive	+0.0%	Announced liquidation plan, large distribution estimates, and Q3 2025 results.
Nov 03	Earnings date notice	Neutral	+0.8%	Set date and timing for release of Q3 2025 earnings results.

Pattern Detected

Announcements tied to the Plan of Sale and Liquidation and major asset sales have generally seen modest positive one-day reactions.

Recent Company History

Over recent months, Aimco has steadily executed a wind-down strategy. On Nov 10, 2025, it outlined a Board-approved Plan of Sale and Liquidation with estimated liquidating distributions of $5.75–$7.10 per share and total distributions of $8.60–$9.95. Subsequent December 2025 updates detailed the $520 million Brickell Assemblage sale and a $455 million Chicago portfolio sale, both earmarked for shareholder distributions. The Jan 5, 2026 proxy filing and special meeting date set the stage for today’s approval and initial liquidating distribution.

Market Pulse Summary

This announcement advances Aimco’s wind-down by pairing stockholder approval of the Plan of Sale and...

Analysis

This announcement advances Aimco’s wind-down by pairing stockholder approval of the Plan of Sale and Liquidation with a declared $1.45 per share liquidating distribution and contracts to sell 12 properties for about $680 million. Management also signaled a potential additional $0.85–$0.95 per-share distribution in the second quarter, contingent on deal closings and debt repayment. Investors may focus on closing risk, transaction timing, and how ultimate distributions compare with prior estimates in earlier filings and updates.

Key Terms

liquidating distribution, plan of sale and liquidation, forward-looking statements

3 terms

liquidating distribution financial

"the Board today declared a $1.45 per share liquidating distribution"

A liquidating distribution is a payment made to shareholders when a company is winding up or selling off its assets, returning the investors’ share of the cash left after debts are paid. Think of it as splitting the proceeds from selling a house: creditors are paid first, then remaining money is handed back to owners; for investors this signals a company is ending operations and affects how much capital they recover and how it’s taxed.

plan of sale and liquidation financial

"stockholders voted with overwhelming support to approve the Plan of Sale and Liquidation"

A plan of sale and liquidation is a formal outline describing how a company’s assets will be sold and how the proceeds will be distributed to creditors, investors and other claimants during winding-up or bankruptcy. It matters to investors because it determines who gets paid, how much they can expect to recover and the timing of payments — like a structured garage sale that decides what sells first and who receives the money.

forward-looking statements regulatory

"This press release contains certain forward-looking statements within the meaning of the federal securities laws."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

DENVER, Feb. 9, 2026 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE: AIV) stockholders voted with overwhelming support to approve the Plan of Sale and Liquidation (the "Plan") proposed by Aimco's Board of Directors (the "Board") at a special meeting held on February 6, 2026.

Following approval of the Plan, the Board today declared a $1.45 per share liquidating distribution, funded with the net proceeds of the December 2025 sale of Aimco's Brickell Assemblage, to be paid on March 13, 2026, to stockholders of record as of February 27, 2026. 

In addition, Aimco has entered into agreements with four separate buyers to sell 12 properties at a gross price of approximately $680 million, with approximately $30 million of non-refundable deposits in place.  These properties include Aimco's seven property Chicago-market portfolio, Hillmeade located in Nashville, TN, Plantation Gardens located in Plantation, FL, 118-122 West 23^rd Street and 237-239 Ninth Avenue located in New York City, and The Benson Hotel and Faculty Club located in Aurora, CO.

If all of the properties currently under contract close as planned, Aimco expects to distribute between $0.85 and $0.95 per share during the second quarter ("Expected 2Q Distributions"), after accounting for the retirement of property level debt, transaction costs, and the planned payoff of approximately $110 million of construction debt and preferred equity borrowings.  

Aimco is focused on the efficient and orderly sale of its holdings to maximize and unlock stockholder value. In addition to those properties currently under contract to sell, Aimco is actively marketing for sale its remaining stabilized properties and plans to bring the entirety of its land, development and lease-up properties to market by the middle of 2026.

Many of the assumptions and estimates reflected in the timing and estimated range of Expected 2Q Distributions are beyond the Company's control and may differ materially from our expectations. Aimco does not intend to disclose or comment on developments related to the foregoing unless or until it determines that further disclosure is appropriate or required.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations. Words such as "anticipate(s)," "expect(s)," "intend(s)," "plan(s)," "believe(s)," "may," "will," "would," "could," "should," "seek(s)," "forecast(s)," and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements, including those regarding the timing of asset sales and the timing and amount of capital expected to be returned to stockholders, are not guarantees of future performance, condition or results, and involve a number of known and unknown risks, uncertainties, and assumptions that may affect actual results or outcomes, including changes in market conditions, fluctuations in our stock price, our financial performance, regulatory changes, and general economic conditions. Readers should carefully review Aimco's financial statements and the notes thereto, as well as the section entitled "Risk Factors" in Aimco's Proxy Statement on Schedule 14A filed January 2, 2026 in Item 1A of Aimco's Annual Report on Form 10-K for the year ended December 31, 2024, and the section entitled "Risk Factors" in Part II, Item 1A of Aimco's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, as these filings identify and address important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. These forward-looking statements reflect management's judgment as of this date, and Aimco assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances.

About Aimco

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through its human capital so that substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit its website www.aimco.com.

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SOURCE Apartment Investment and Management Company (Aimco)

FAQ

What is the liquidating distribution Aimco (AIV) declared and when will it be paid?

Aimco declared a $1.45 per share liquidating distribution payable March 13, 2026. According to Aimco, the distribution is funded by net proceeds from the December 2025 Brickell Assemblage sale and is payable to holders of record February 27, 2026.

Which properties is Aimco (AIV) selling as part of its liquidation and for how much?

Aimco has agreements to sell 12 properties for approximately $680 million gross. According to Aimco, the portfolio includes a seven-property Chicago portfolio, assets in New York, Nashville, Florida, and Colorado, with about $30 million in non-refundable deposits.

How much does Aimco (AIV) expect to distribute in the second quarter if planned sales close?

Aimco expects to distribute between $0.85 and $0.95 per share in 2Q 2026 if the contracted sales close. According to Aimco, this estimate accounts for property debt retirement, transaction costs, and ~$110 million of debt payoffs.

What debt obligations will reduce Aimco's (AIV) distributable proceeds?

Aimco plans to retire property-level debt and pay approximately $110 million of construction debt and preferred equity. According to Aimco, these retirements and transaction costs are subtracted before calculating distributions to stockholders.

Will Aimco (AIV) sell all remaining assets and when will they be marketed?

Aimco plans to market its remaining stabilized properties and bring all land, development, and lease-up assets to market by mid-2026. According to Aimco, the company is focused on orderly sales to maximize stockholder value, subject to market conditions.