Apartment Investment and Management Company disclosed that investment adviser Silver Point Capital, L.P., together with Edward A. Mule and Robert J. O’Shea, reported beneficial ownership of 1,759,272 shares of Class A Common Stock. This represents 1.2% of the outstanding shares based on 144,075,540 shares outstanding.
The filing notes that as of December 31, 2025, the reporting group beneficially owned 5.2% of the Class A Common Stock, indicating their stake has since declined to the current 1.2% level. The securities are held through Silver Point-managed funds, and the group certifies the holdings are in the ordinary course of business and not for changing or influencing control of the company.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Apartment Investment and Management Company
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
03748R747
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
03748R747
1
Names of Reporting Persons
Silver Point Capital, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,759,272.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,759,272.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,759,272.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
03748R747
1
Names of Reporting Persons
Edward A. Mule
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,759,272.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,759,272.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,759,272.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
03748R747
1
Names of Reporting Persons
Robert J. O'Shea
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,759,272.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,759,272.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,759,272.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Apartment Investment and Management Company
(b)
Address of issuer's principal executive offices:
4582 South Ulster Street, Suite 1450, Denver, Colorado 80237
Item 2.
(a)
Name of person filing:
This Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership ("Silver Point"), Mr. Edward A. Mule and Mr. Robert J. O'Shea (collectively, the "Reporting Persons") with respect to the beneficial ownership of the issuer's Class A Common Stock by Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. (collectively, the "Funds"). The Funds are managed by Silver Point or its wholly owned subsidiaries. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Funds. Messrs. Edward A. Mule and Robert J. O'Shea are each a member of Management and each has voting and investment power with respect to the securities held by the Funds and may be deemed to be a beneficial owner of the securities held by the Funds.
The Reporting Persons have entered into a Joint Filing Agreement, dated February 17, 2026, a copy of which is filed with this Schedule 13G, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Suite 1 Greenwich, CT 06830.
(c)
Citizenship:
Silver Point is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mule and Mr. O'Shea are U.S. citizens.
(d)
Title of class of securities:
Class A Common Stock
(e)
CUSIP No.:
03748R747
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G are incorporated herein by reference.
(b)
Percent of class:
The percentages provided herein are based upon 144,075,540 of the issuer's Class A Common Stock outstanding as of November 7, 2025, as disclosed in the issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025. As of December 31, 2025, the Reporting Persons beneficially owned 5.2% of the outstanding Class A Common Stock of the issuer. As of the date of this filing, the Reporting Persons beneficially own 1.2%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G are incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G are incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G are incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G are incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See response to Item 4.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Silver Point Capital, L.P.
Signature:
/s/ Steven Weiser
Name/Title:
Steven Weiser, Authorized Signatory
Date:
02/17/2026
Edward A. Mule
Signature:
/s/ Steven Weiser
Name/Title:
Steven Weiser, Attorney-in-fact
Date:
02/17/2026
Robert J. O'Shea
Signature:
/s/ Steven Weiser
Name/Title:
Steven Weiser, Attorney-in-fact
Date:
02/17/2026
Exhibit Information
Exhibit Index
Exhibit A Joint Filing Agreement dated February 17, 2026.
Exhibit B Power of Attorney of Edward A. Mule (incorporated here by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).
Exhibit C Power of Attorney of Robert J. O'Shea (incorporated here by reference to Exhibit C to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).
What ownership stake in AIV does Silver Point Capital report in this Schedule 13G?
Silver Point Capital and its related reporting persons report beneficial ownership of 1,759,272 shares of Apartment Investment and Management Company Class A Common Stock, representing 1.2% of the outstanding shares, based on 144,075,540 shares outstanding as disclosed in a prior quarterly report.
How did Silver Point Capital’s ownership percentage in AIV change by December 31, 2025?
As of December 31, 2025, the reporting group beneficially owned 5.2% of AIV’s Class A Common Stock. By the date of this Schedule 13G filing, their reported beneficial ownership had decreased to 1.2%, reflecting a significantly smaller relative stake in the company.
Who are the reporting persons in the AIV Schedule 13G filing?
The reporting persons are Silver Point Capital, L.P., and individuals Edward A. Mule and Robert J. O’Shea. The Class A Common Stock is held through Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P., which are managed by Silver Point or its subsidiaries.
Does Silver Point Capital seek to influence control of Apartment Investment and Management Company?
The reporting group certifies the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Apartment Investment and Management Company, other than activities solely in connection with a nomination under the specified proxy rule.
What voting and dispositive power does Silver Point have over AIV shares?
The reporting persons show 0 shares with sole voting or dispositive power and 1,759,272 shares with shared voting and shared dispositive power. This means decisions over these shares are exercised jointly, rather than individually, by the reporting group and related entities.
Where is Silver Point Capital’s principal business office located?
The principal business office of each reporting person is listed as Two Greenwich Plaza, Suite 1, Greenwich, CT 06830. This address applies to Silver Point Capital, L.P., as well as to the individual reporting persons associated with the management structure overseeing the AIV shareholdings.