Aimco Files Proxy Statement and Sets Date for Special Meeting of Stockholders to Approve Plan of Sale and Liquidation

Rhea-AI Summary

Aimco (NYSE: AIV) filed a definitive proxy statement and set a Special Stockholder Meeting for February 6, 2026 to approve a Plan of Sale and Liquidation. Shareholders of record as of December 31, 2025 may vote.

The board concluded an orderly sale of remaining properties likely maximizes value. In December 2025 Aimco closed a $520 million sale of its Brickell Assemblage and reports $620 million of assets under contract. Aimco expects aggregate net liquidating distributions of $5.75 to $7.10 per share, to be delivered in a series of distributions.

Positive

• $520 million closed sale of Brickell Assemblage in December 2025
• $620 million of additional assets currently under contract for sale
• Board concluded sale strategy likely maximizes shareholder value
• Expected net liquidating distributions of $5.75–$7.10 per share

Negative

• Liquidation requires shareholder approval at Feb 6, 2026 meeting
• Final per‑share distribution uncertain within $5.75–$7.10 range
• Timing of sales and liquidating distributions is not specified

News Market Reaction – AIV

+0.51%

1 alert

+0.51% News Effect

On the day this news was published, AIV gained 0.51%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Brickell sale value: $520 million Assets under contract: $620 million Liquidating distributions low end: $5.75 per share +3 more

6 metrics

Brickell sale value $520 million Sale of Brickell Assemblage closed in December 2025

Assets under contract $620 million Additional assets currently under contract for sale

Liquidating distributions low end $5.75 per share Expected total liquidating distributions to shareholders

Liquidating distributions high end $7.10 per share Expected total liquidating distributions to shareholders

Special Meeting date February 6, 2026 Date set for Special Stockholder Meeting on liquidation plan

Record date December 31, 2025 Shareholders of record entitled to vote at Special Meeting

Market Reality Check

Price: $5.75 Vol: Volume 1,565,316 is below...

normal vol

$5.75 Last Close

Volume Volume 1,565,316 is below the 20-day average of 2,222,332, suggesting no unusual trading ahead of the vote. normal

Technical Shares at $5.90 are trading below the 200-day MA of $7.44, reflecting a weak longer-term trend into the liquidation vote.

Peers on Argus

Among key residential REIT peers, several names like CSR, UMH, ELME and VRE show...

Among key residential REIT peers, several names like CSR, UMH, ELME and VRE show modest gains (up between 0.13% and 0.69%), while NXRT is down 1.7%. With no momentum flags for peers and AIV slightly lower, today’s move appears more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 23 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 23	Asset sale update	Positive	+2.9%	Closed Brickell sale and advanced additional property sales under liquidation plan.
Dec 15	Asset sale agreement	Positive	+1.1%	Announced $455M Chicago portfolio sale with intent to distribute net proceeds.
Nov 10	Earnings & strategy	Positive	+0.0%	Concluded strategic review and outlined expected liquidation and distribution ranges.
Nov 03	Earnings date notice	Neutral	+0.8%	Set Q3 2025 earnings release date and reiterated focus on multifamily investments.
Sep 15	Asset sale & dividend	Positive	-1.2%	Completed Boston sales and declared $2.23 per share special dividend.

Pattern Detected

Recent asset sale and liquidation-related announcements have often seen modestly positive or neutral price reactions, with one notable selloff despite a special dividend.

Recent Company History

Over the last several months, Aimco has executed a series of large asset sales and steadily advanced its Plan of Sale and Liquidation. Transactions included Boston portfolio sales for $740 million, a Chicago portfolio deal for $455 million, and the Brickell Assemblage sale for $520 million. These moves funded special dividends and future liquidating distributions. The new proxy and meeting date formalize the shareholder approval process for fully winding down the company and distributing remaining proceeds, continuing the same strategic trajectory highlighted in prior filings and releases.

Market Pulse Summary

This announcement formalizes the shareholder approval process for Aimco’s Plan of Sale and Liquidati...

Analysis

This announcement formalizes the shareholder approval process for Aimco’s Plan of Sale and Liquidation, setting a February 6, 2026 Special Meeting and confirming expected liquidating distributions of $5.75–$7.10 per share. It follows multiple large asset sales and prior special dividends. Investors may focus on execution risk around remaining property sales, timing of distributions, and the detailed risk factors described in recent proxy and 8-K filings as they evaluate the proposed full wind-down.

Key Terms

proxy statement, plan of sale and liquidation, special stockholder meeting, liquidating distributions, +1 more

5 terms

proxy statement regulatory

"announced it has filed a definitive proxy statement (the "Definitive Proxy") with the U.S."

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

plan of sale and liquidation regulatory

"special stockholder meeting (the "Special Stockholder Meeting") to approve the Company's "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.

special stockholder meeting regulatory

"related to a special stockholder meeting (the "Special Stockholder Meeting") to approve"

A special stockholder meeting is a gathering called outside the regular annual meeting for shareholders to vote on one or a few specific, often urgent matters—such as a merger, a major asset sale, or changes to the board. Investors care because outcomes can quickly change a company’s direction, ownership or value; think of it like an emergency town meeting where a single vote can alter the neighborhood’s future.

liquidating distributions financial

"Aimco intends to deliver net proceeds to shareholders, through a series of liquidating distributions,"

Payments made to shareholders from a company’s remaining cash or asset sale proceeds when the business is being wound up or reorganized. Like splitting the money after selling a shared house, these distributions return investors’ capital (often after creditors are paid) rather than representing regular profit payouts, so they matter because they determine how much investors recover and can affect tax treatment and final investment value.

participants in the solicitation regulatory

"may be deemed to be participants in the solicitation of proxies from Aimco's shareholders"

People or firms who actively seek to influence shareholders’ choices in a corporate action—such as a vote, merger, proxy contest, or tender offer. This can include company insiders, advisers, bankers, lawyers and professional solicitors who contact investors to persuade them. Investors care because knowing who is doing the persuading reveals potential conflicts, resources and credibility behind the campaign, much like checking who is organizing a political campaign before accepting its message.

AI-generated analysis. Not financial advice.

Highlights Significant Value Creation Through Orderly Sale of Remaining High-Quality Portfolio

DENVER, Jan. 5, 2026 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) today announced it has filed a definitive proxy statement (the "Definitive Proxy") with the U.S. Securities and Exchange Commission (the "SEC") related to a special stockholder meeting (the "Special Stockholder Meeting") to approve the Company's "Plan of Sale and Liquidation."

As disclosed in the Definitive Proxy, the Special Stockholder Meeting will be held on February 6, 2026. Shareholders of record at the close of business on December 31, 2025, will be entitled to vote at the meeting. Other details of the Special Stockholder Meeting are included in the Definitive Proxy.

Following a comprehensive strategic review, Aimco's Board of Directors concluded that the orderly sale of the Company's remaining properties is most likely to maximize shareholder value as compared to other strategic alternatives currently available, or maintaining the status quo.

"Over its long history, Aimco acquired, constructed, renovated, and actively managed one of the nation's largest portfolios of multifamily assets, and while doing so we have remained committed to delivering exceptional returns for our partners and shareholders," said Aimco President and CEO Wes Powell.

In December 2025, Aimco closed on the $520 million sale of its Brickell Assemblage and currently has $620 million of additional assets under contract for sale. The Company is also in the process of actively marketing a significant portion of its remaining portfolio. Aimco intends to deliver net proceeds to shareholders, through a series of liquidating distributions, which are expected to total between $5.75 and $7.10 per share.

Additional Information and Where to Find It

This release relates to the proposed plan of sale and liquidation of Aimco and may be deemed to be solicitation material in respect of the Proposed Transaction. In connection with the Proposed Transaction, Aimco has filed a proxy statement (the "Proxy Statement") with the Securities and Exchange Commission (the "SEC"). The Proxy Statement will be sent to all shareholders of Aimco. Aimco will also file other documents regarding the Proposed Transaction with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF AIMCO ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND ALL OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and shareholders of Aimco may obtain copies of the Proxy Statement and other documents that are filed or will be filed by Aimco with the SEC, free of charge, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed by Aimco with the SEC will also be available, free of charge, on Aimco's website at investors.aimco.com or by contacting Aimco's investor relations contact at investor@aimco.com.

Participants in the Solicitation

Aimco, certain of its directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from Aimco's shareholders in connection with the Proposed Transaction. Information about Aimco's directors and executive officers and their ownership of Aimco's common stock is set forth in Aimco's proxy statement for its Annual Meeting of Shareholders on Schedule 14A filed with the SEC on April 25, 2025. To the extent that holdings of Aimco's securities have changed since the amounts reported in Aimco's proxy statement, such changes have been or will be reflected on Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the Proposed Transaction may be obtained by reading the Proxy Statement regarding the Proposed Transaction when it becomes available. You may obtain free copies of these documents using the sources indicated above.

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 Item 1A of Aimco's Annual Report on Form 10-K for the year ended December 31, 2024, 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

When is Aimco's (AIV) special stockholder meeting to approve liquidation?

The Special Stockholder Meeting is scheduled for February 6, 2026.

What per‑share proceeds does Aimco (AIV) expect from the liquidation?

Aimco expects aggregate net liquidating distributions of $5.75 to $7.10 per share.

What recent property sales has Aimco (AIV) completed?

In December 2025 Aimco closed a $520 million sale of its Brickell Assemblage.

How much of Aimco's (AIV) portfolio is under contract for sale?

Aimco reports $620 million of additional assets currently under contract.

Who is eligible to vote on Aimco's (AIV) liquidation plan?

Shareholders of record at the close of business on December 31, 2025 are entitled to vote.

Where can Aimco (AIV) shareholders find the proxy statement and documents?

The proxy statement and filings are available free at sec.gov and Aimco's investor website.