Apartment Investment & Management Co., commonly referred to as Aimco, is a self-administered and self-managed real estate investment trust (REIT) based in Denver, Colorado. Aimco is one of the largest owners and operators of apartment homes in the United States, with roughly 40,000 residences in its portfolio.
The company was initially incorporated in 1994 in Maryland. Its operations primarily drive income by leasing apartment units to residents, and it focuses on investing in value-add properties - those that have the potential for significant increases in income. Aimco conducts its business through a portfolio of market-rate and affordable apartment properties, utilizing a diverse mix of strategies.
The operations of Aimco are structured under two core lines of business - property operations and redevelopment and investment management. Property operations encompass the ongoing management and routine maintenance of its real estate portfolio. This includes leasing, collection of rent, and overseeing day-to-day property operations. On the other hand, redevelopment involves extensive revamps and the upgrading of properties that results in increased rental rates.
Aimco has built its reputation on resident satisfaction and service. To maintain the highest level of resident satisfaction, Aimco continually invests in its properties and its employees. The properties Aimco operates are found in 17 states and the District of Columbia, across cities with strong local economies, good amenities, and attractive lifestyles.
Apart from its routine business model, Aimco has a deep commitment to corporate responsibility. The company has initiatives geared towards community aid, improving environmental sustainability, and ensuring the wellbeing of its employees. Moreover, it places great emphasis on governance and ethics that contribute positively to the communities in which it operates.
One factor that distinguishes Aimco in the real estate industry is its focus on accountable corporate governance. The firm's business practices are centered around integrity, outstanding service, and long-term value creation for its shareholders. The company has been awarded numerous times for its dedication to providing quality housing and fulfilling its corporate responsibility commitments.
Over the years, Aimco has shown strong commitment to its growth-oriented strategy, focused on owning, managing, redeveloping, and selectively acquiring high-quality apartment communities in the largest markets in the U.S. Undoubtedly, it has earned itself a solid position in the property investment and management sector.