Aimco (NYSE: AIV) advances liquidation as it moves to dissolve Aimco OP L.P.

Rhea-AI Filing Summary

Apartment Investment and Management Company (Aimco) has moved ahead with a previously approved plan to wind down its business. On February 6, 2026, stockholders voted to adopt a Plan of Sale and Liquidation authorizing Aimco to sell or otherwise dispose of any or all of its assets, directly or through its subsidiaries and affiliates.

In line with this plan, on March 6, 2026, Aimco’s general partner entity elected to dissolve Aimco OP L.P., the operating partnership that Aimco controls as general partner and special limited partner. The dissolution will proceed under the Plan of Sale and Liquidation and the partnership agreement.

Positive

• None.

Negative

• Transition to liquidation and dissolution of Aimco OP L.P. – The stockholder-approved Plan of Sale and Liquidation and the decision to dissolve the primary operating partnership signal an end to ongoing operations and introduce uncertainty around timing and ultimate value returned to stockholders.

Insights

Real estate and REIT restructuring analyst

Aimco advances full liquidation by dissolving its main operating partnership.

Aimco is executing a stockholder-approved Plan of Sale and Liquidation that allows the company and its subsidiaries to dispose of any or all assets. This represents a shift from ongoing operations toward an orderly wind-down of the real estate platform.

A key step is the General Partner’s decision to dissolve Aimco OP L.P., the operating partnership through which Aimco holds and manages assets. The dissolution must follow both the liquidation plan and the partnership agreement, creating a defined legal framework for asset sales and partnership wind-up.

The filing highlights that outcomes, including timing of asset sales and amounts returned to stockholders, depend on market conditions, Aimco’s financial performance, regulatory factors, and general economic conditions. Future company reports and risk factor updates will frame how this liquidation process progresses and what stockholders ultimately receive.

falsefalseAPARTMENT INVESTMENT AND MANAGEMENT CO00009228640001820878MDDECOCO 0000922864 2026-03-06 2026-03-06 0000922864 aiv:AimcoPropertiesLpMember 2026-03-06 2026-03-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 6, 2026

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO OP L.P.

(Exact name of registrant as specified in its charter)

MARYLAND (Apartment Investment and Management Company) DELAWARE (Aimco OP L.P.)		1-13232 0-56223		84-1259577 85-2460835
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

4582 SOUTH ULSTER STREET

SUITE 1450, DENVER, CO 80237

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (303) 224-7900

NOT APPLICABLE

(Former name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Apartment Investment and Management Company Class A Common Stock		AIV		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange act. ☐

ITEM  8.01. Other Events.

Plan of Sale and Liquidation

On February 6, 2026, the stockholders of Apartment Investment and Management Company (“Aimco”) voted to adopt a Plan of Sale and Liquidation with respect to Aimco. Pursuant to the Plan of Sale and Liquidation, Aimco is authorized to sell, convey and transfer or otherwise dispose of any or all of the assets of Aimco in one or more transactions, and acting for itself and/or in its capacity as an equity holder, general partner or manager of any direct or indirect subsidiaries or affiliates, authorize any subsidiaries or affiliates to sell, convey, transfer and deliver or otherwise dispose of any or all assets of any subsidiaries in one or more transactions. Aimco, through the General Partner (as defined below), is the general partner and directly is the special limited partner of Aimco OP L.P (the “Partnership”).

In furtherance of the Plan of Sale and Liquidation, on March 6, 2026, Aimco OP GP, LLC (the “General Partner”) elected to dissolve the Partnership pursuant to the authority granted to the General Partner under the Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of December 14, 2020 (the “Partnership Agreement”). The dissolution of the Partnership will take place in accordance with the Plan of Sale and Liquidation and the Partnership Agreement.

Forward-Looking Statements

This Current Report on Form 8-K 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 and the Partnership’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 and the Partnership’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 and the Partnership’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 neither Aimco nor the Partnership assumes any (and each of them disclaims all) obligation to revise or update them to reflect future events or circumstances.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: March 6, 2026

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

/s/ H. Lynn C. Stanfield

H. Lynn C. Stanfield

Executive Vice President and Chief Financial Officer

AIMCO OP L.P.

By: Aimco OP GP, LLC, its general partner

By: Apartment Investment and Management Company, its managing member

/s/ H. Lynn C. Stanfield

H. Lynn C. Stanfield

Executive Vice President and Chief Financial Officer

FAQ

What did Apartment Investment and Management Company (AIV) announce in this filing?

Apartment Investment and Management Company reported that stockholders adopted a Plan of Sale and Liquidation, authorizing the company to sell or otherwise dispose of any or all of its assets directly or through subsidiaries, and that its main operating partnership will be dissolved under this plan.

What is Aimco’s Plan of Sale and Liquidation for AIV?

The Plan of Sale and Liquidation authorizes Aimco to sell, convey, transfer, or otherwise dispose of any or all of its assets in one or more transactions, including through subsidiaries and affiliates, with the goal of winding down the company and ultimately returning capital to stockholders.

What is happening to Aimco OP L.P. in connection with AIV’s liquidation?

Aimco’s general partner entity elected to dissolve Aimco OP L.P., the partnership Aimco controls as general partner and special limited partner. The dissolution will occur in accordance with both the Plan of Sale and Liquidation and the partnership agreement governing the operating partnership.

How does the dissolution of Aimco OP L.P. affect AIV’s structure?

Dissolving Aimco OP L.P. unwinds the primary operating partnership through which Aimco holds and manages assets. This action aligns the partnership structure with the broader company plan to sell assets and liquidate, rather than continue as a traditional ongoing real estate operating platform.

What risks does Aimco highlight around its liquidation and asset sales?

Aimco notes that timing of asset sales and amounts returned to stockholders depend on factors such as market conditions, stock price fluctuations, financial performance, regulatory changes, and general economic conditions, as well as the risks detailed in its proxy statement and recent annual and quarterly reports.

Where can AIV investors find more details on risks related to the liquidation?

Investors are directed to Aimco’s Proxy Statement on Schedule 14A filed January 2, 2026, the Annual Report on Form 10-K for the year ended December 31, 2024, and the Form 10-Q for the quarter ended September 30, 2025, which describe key risk factors tied to the liquidation.

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