About AIMCO PROPERTIES, L.P.

AIMCO Properties' aim is true. The company is the operating arm of multifamily real estate giant Apartment Investment and Management Company (AIMCO), which owns and/or manages some 500 apartment properties (with nearly 94,000 individual units) throughout the US. AIMCO Properties holds most of AIMCO's assets and manages its day-to-day operations, including property management and asset management. Its portfolio includes suburban apartment communities, urban high-rise properties, and government-subsidized affordable housing properties. Investment management operations include management of its own portfolio as well as services for affiliated partnerships. AIMCO controls more than 90% of AIMCO Properties.

Government-subsidized affordable properties (which account for about 15% of AIMCO Properties' operating income) tend to provide the company with relatively stable rent streams and occupancy levels, as they are less susceptible to market fluctuations. The company's conventional properties typically bring in the average or slightly more than the average of each market's local rents.

AIMCO Properties' investment strategy is to maintain a diverse portfolio of properties across the financial spectrum, minimizing its dependence on any single market. It has assets in most of the US, but targets certain metropolitan markets including Los Angeles, Boston, Chicago, and DC.

The company has been refocusing on its core business by selling off some noncore assets and investing in additional properties in its target markets. In 2011 it sold 25 properties in noncore markets; it also sold 35 properties from its affordable portfolio. The firm expects to sell more than 85 properties in 2012. Funds from the sales are also used to improve the company's existing portfolio. AIMCO prefers to buy and improve existing properties rather than develop new properties from the ground up, as redevelopment allows the company to begin earning revenues more quickly.

In addition to rejiggering its property portfolio, the company has been working on simplifying its business by winding down certain operations and buying out property investment partners. Through these efforts, AIMCO Properties has cut its offsite costs by nearly half in the past three years. In 2011, the company saw an increase in rental and other property revenues as well as asset management and tax credit revenues. That year it earned $1.1 billion, a 2% increase from the prior year.

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AIMCO PROPERTIES, L.P.

4582 S Ulster St Ste 1100
Denver, CO 80237-2662
Phone: 1 (303) 757-8101

Stats

  • Employer Type: Subsidiary
  • Board Member: Cara M Nelson

Major Office Locations

  • Denver, CO

Other Locations

  • Albertville, AL
  • Athens, AL
  • Gadsden, AL
  • Huntsville, AL
  • Mobile, AL
  • Montgomery, AL
  • Whistler, AL
  • Fayetteville, AR
  • Jonesboro, AR
  • Avondale, AZ
  • Chandler, AZ
  • Flagstaff, AZ
  • Mesa, AZ
  • Phoenix, AZ
  • Tempe, AZ
  • Tucson, AZ
  • Alta Loma, CA
  • Anaheim, CA
  • Bakersfield, CA
  • Beverly Hills, CA
  • Chino, CA
  • La Verne, CA
  • Lakewood, CA
  • Los Angeles, CA
  • Montclair, CA
  • North Hills, CA
  • Pacifica, CA
  • Rialto, CA
  • Richmond, CA
  • Sacramento, CA
  • San Dimas, CA
  • San Francisco, CA
  • San Mateo, CA
  • San Pedro, CA
  • Santa Ana, CA
  • Sylmar, CA
  • Waterford, CA
  • Woodland Hills, CA
  • Arvada, CO
  • Boulder, CO
  • Broomfield, CO
  • Colorado Springs, CO
  • Fort Collins, CO
  • Littleton, CO
  • Rifle, CO
  • Westminster, CO
  • Hartford, CT
  • Middletown, CT
  • Washington, DC
  • Altamonte Springs, FL
  • Apopka, FL
  • Avon Park, FL
  • Bradenton, FL
  • Cutler Bay, FL
  • Daytona Beach, FL
  • Fern Park, FL
  • Fort Pierce, FL
  • Indian Harbour Beach, FL
  • Jacksonville, FL
  • Maitland, FL
  • Miami, FL
  • Orange City, FL
  • Orlando, FL
  • Palm Bay, FL
  • Palm Harbor, FL
  • Pinellas Park, FL
  • Riviera Beach, FL
  • Saint Petersburg, FL
  • Tamarac, FL
  • Tampa, FL
  • West Palm Beach, FL
  • Winter Park, FL
  • Atlanta, GA
  • Augusta, GA
  • Brookhaven, GA
  • Decatur, GA
  • Duluth, GA
  • Gainesville, GA
  • Garden City, GA
  • Lithonia, GA
  • Marietta, GA
  • Morrow, GA
  • Norcross, GA
  • Savannah, GA
  • Vidalia, GA
  • Davenport, IA
  • Des Moines, IA
  • Meridian, ID
  • Mountain Home, ID
  • Rexburg, ID
  • Arlington Heights, IL
  • Bolingbrook, IL
  • Carol Stream, IL
  • Champaign, IL
  • Chicago, IL
  • Lisle, IL
  • Lombard, IL
  • Mattoon, IL
  • Moline, IL
  • Naperville, IL
  • Oakbrook Terrace, IL
  • Peoria, IL
  • Schaumburg, IL
  • Urbana, IL
  • Bloomington, IN
  • Evansville, IN
  • Fort Wayne, IN
  • Indianapolis, IN
  • Mishawaka, IN
  • New Castle, IN
  • South Bend, IN
  • West Lafayette, IN
  • Shawnee Mission, KS
  • Topeka, KS
  • Wichita, KS
  • Calvert City, KY
  • Dawson Springs, KY
  • Elizabethtown, KY
  • Harlan, KY
  • Louisville, KY
  • Pineville, KY
  • Baton Rouge, LA
  • Gretna, LA
  • Metairie, LA
  • Chelsea, MA
  • Fall River, MA
  • Framingham, MA
  • Marlborough, MA
  • Middleboro, MA
  • North Andover, MA
  • Salem, MA
  • Springfield, MA
  • Swampscott, MA
  • Taunton, MA
  • Worcester, MA
  • Baltimore, MD
  • College Park, MD
  • Columbia, MD
  • Germantown, MD
  • Hyattsville, MD
  • Taneytown, MD
  • Bangor, ME
  • Battle Creek, MI
  • Belleville, MI
  • Charlotte, MI
  • Coldwater, MI
  • Comstock Park, MI
  • Dearborn, MI
  • East Lansing, MI
  • Farmington, MI
  • Flint, MI
  • Grand Rapids, MI
  • Greenville, MI
  • Hillsdale, MI
  • Jackson, MI
  • Lansing, MI
  • New Baltimore, MI
  • Ypsilanti, MI
  • Burnsville, MN
  • Gaylord, MN
  • Minneapolis, MN
  • Saint Paul, MN
  • Ballwin, MO
  • Independence, MO
  • Kansas City, MO
  • Saint Joseph, MO
  • Saint Louis, MO
  • Brandon, MS
  • Cleveland, MS
  • Pascagoula, MS
  • Ridgeland, MS
  • Charlotte, NC
  • Durham, NC
  • Gastonia, NC
  • Greensboro, NC
  • Greenville, NC
  • Henderson, NC
  • Lexington, NC
  • North Wilkesboro, NC
  • Raleigh, NC
  • Winston Salem, NC
  • Omaha, NE
  • Nashua, NH
  • Edgewater, NJ
  • New Brunswick, NJ
  • Plainsboro, NJ
  • Voorhees, NJ
  • Albuquerque, NM
  • Santa Fe, NM
  • Las Vegas, NV
  • North Las Vegas, NV
  • Bronx, NY
  • Brooklyn, NY
  • Far Rockaway, NY
  • New York, NY
  • Rochester, NY
  • Cincinnati, OH
  • Columbus, OH
  • Dayton, OH
  • Eaton, OH
  • Nowata, OK
  • Oklahoma City, OK
  • Tulsa, OK
  • Milwaukie, OR
  • Allentown, PA
  • Barnesboro, PA
  • Carnegie, PA
  • Erie, PA
  • Levittown, PA
  • Lock Haven, PA
  • Norristown, PA
  • Philadelphia, PA
  • Anderson, SC
  • Camden, SC
  • Clinton, SC
  • Columbia, SC
  • Georgetown, SC
  • Greenville, SC
  • Hartsville, SC
  • North Charleston, SC
  • Rock Hill, SC
  • Saint George, SC
  • Simpsonville, SC
  • West Columbia, SC
  • Winnsboro, SC
  • Sioux Falls, SD
  • Knoxville, TN
  • Memphis, TN
  • Murfreesboro, TN
  • Nashville, TN
  • Arlington, TX
  • Austin, TX
  • Benbrook, TX
  • Carrollton, TX
  • Cypress, TX
  • Dallas, TX
  • El Paso, TX
  • Fort Worth, TX
  • Galveston, TX
  • Houston, TX
  • Hughes Springs, TX
  • Humble, TX
  • League City, TX
  • Midland, TX
  • Nacogdoches, TX
  • Odessa, TX
  • Plano, TX
  • Porter, TX
  • San Antonio, TX
  • Stephenville, TX
  • Texas City, TX
  • Tyler, TX
  • Waco, TX
  • Salt Lake City, UT
  • Alexandria, VA
  • Burke, VA
  • Charlottesville, VA
  • Fairfax, VA
  • Franklin, VA
  • Leesburg, VA
  • Newport News, VA
  • Norfolk, VA
  • Petersburg, VA
  • Richmond, VA
  • Roanoke, VA
  • Virginia Beach, VA
  • Williamsburg, VA
  • Woodbridge, VA
  • Auburn, WA
  • Newcastle, WA
  • Snohomish, WA
  • Sun Prairie, WI
  • Bluefield, WV
  • Huntington, WV
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