America Comes Home to Aimco
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Public | |
Traded as | : AIV S&P 500 Component |
Industry | Real estate investment trust |
Founded | 1975 (as "The Considine Company, Inc.") 1994 (Merged with Property Asset Management & PDI, Inc.) |
Founder | Terry Considine |
Headquarters | Denver, Colorado, U.S. |
Area served
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United States Puerto Rico |
Key people
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Terry Considine (Chairman) & (CEO) |
Products | Apartment Homes |
Revenue | US$981.3 million (2015) |
US$256.2 million (2015) | |
US$271.9 million (2015) | |
Total assets | US$6.144 billion (2015) |
Total equity | US$1.763 billion (2015) |
Number of employees
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1,625 |
Website |
Aimco.com Aimcoapartments.com |
Aimco or Apartment Investment Management Company is one of the largest owners and operators of apartment communities in the United States. The company is headquartered in Denver, Colorado.
The company owns or has investments in 196 communities serving 250,000 residents in 22 states and the District of Columbia.
Aimco’s key markets include Los Angeles, Seattle, Philadelphia, South Florida, Atlanta, Chicago, Suburban New York/New Jersey, San Jose, Orange County, California, Manhattan, Denver, East Bay, San Diego, Phoenix, Washington/Northern Virginia/Maryland, San Francisco and Boston.
Aimco’s business model focuses on the redevelopment of older, market-rate apartment communities in premiere locations. Since 2005, Aimco has invested $1.5 billion in the redevelopment of 220 conventional properties. In 2009, Aimco completed renovations to Van Nuys Apartments, a historic structure built in 1911. This redevelopment has secured affordable housing for senior and disabled residents for the next 55 years, and has anchored a revitalization of its surrounding Los Angeles neighborhood.
Aimco was founded by Terry Considine, who currently serves as Chairman and CEO.