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Aimco Completes the Sale of Four Suburban Boston Assets and Announces Special Dividend
Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE: AIV) announced today that it has closed on the sale of four properties located in suburban Boston for $490 million and the Aimco Board of Directors has declared a $2.23 per share special cash dividend to be paid on October 15, 2025, to stockholders of record as of September 30, 2025. Because the payment of the special dividend represents more than 25% of the price of the Company's common shares, the New York Stock Exch
About this update from Apartment Investment And Management Company
[{"type":"text","content":"DENVER, Sept. 15, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE: AIV) announced today that it has closed on the sale of four properties located in suburban Boston for $490 million and the Aimco Board of Directors has declared a $2.23 per share special cash dividend to be paid on October 15, 2025, to stockholders of record as of September 30, 2025. Because the payment of the special dividend represents more than 25% of the price of the Company's common shares, the New York Stock Exchange (the "NYSE") has advised the Company that its common shares will trade with "due bills". More information on this process is included below.","length":728,"tagName":"p"},{"type":"image","alt":"Aimco (PRNewsfoto/Apartment Investment and Management Company (Aimco))","displaySize":"","headline":null,"caption":"Aimco (PRNewsfoto/Apartment Investment and Management Company (Aimco))","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":162,"url":"https://media.zenfs.com/en/prnewswire.com/c1d23885b5b34e774fe7c3ca535f5fbb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LZsN6.NmjRg3_2NKY8aSCw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c1d23885b5b34e774fe7c3ca535f5fbb","width":400,"height":162}},"href":"https://mma.prnewswire.com/media/2401790/Aimco_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Wes Powell, Aimco's President and CEO commented: "The timely execution of these asset sales and the associated distribution of proceeds to shareholders reemphasizes Aimco's commitment to unlocking and maximizing value for stockholders. I offer my thanks to the buyer, Harbor Group International, for their professionalism and to both Morgan Stanley and Walker & Dunlop who advised Aimco on the transaction."","length":429,"tagName":"p"},{"type":"text","content":"The four properties sold are known as Royal Crest Estates (Marlboro), Royal Crest Estates (Warwick), Waterford Village, and Wexford Village. A portion of the sales proceeds were used to retire mortgage loans associated with Royal Crest Estates (Marlboro) and pay off in full the balance drawn on Aimco's revolving credit facility, which was retired upon completion of the sales. Ai...
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