Apartment Investment And Management Company · NYSE:AIV
Apartment Investment And Management — Corporate Update (October 2002)
28 slides from Apartment Investment And Management's corporate update, Oct 4, 2002
Slide 1: Property list with map numbers and addresses
EXHIBIT 99.1 PROPERTY (MAP #) ADDRESS Royal Crest Nashua(1) 1-48 Royal Crest Drive, Nashua NH 03060 Royal Crest North Andover(2) 1-49 Royal Crest Drive, North Andover, MA 01845 Vantage Pointe(3) 100 & 200 Vantage Terrace, Swampscott, MA 01907 Royal Crest Marlborough(4) 124 Hosmer Street, Marlboro, M
Slide 2: Acquisition Strategy, Economic Statistics and Upside
ACQUISITION STRATEGY • Large footprint in desirable market • Improves overall quality of Aimco portfolio • Upside opportunity • Purchase for less than replacement cost ECONOMIC STATISTICS • Boston MSA household growth forecast 3.79% 2002-2007 • Average Boston occupancies declined 240 bp from 3Q01 to
Slide 3: Framingham General
FRAMINGHAM GENERAL Three sites: Granada, Georgetown and Bayberry Hill. The general economics of the Framingham area are attractive with an influx of office and retail space built along the Route 9 corridor and a moratorium on new apartment development. The region has excellent access to interstate h
Slide 4: Granada Apartments Property Description
PROPERTY DESCRIPTION The Granada Apartments are located in Framingham, five minutes from the Massachusetts Turnpike and 25 minutes from Boston. The brick, mid-rise buildings are situated on three acres and provide a neighborhood environment with nearby schools, churches and shopping. Select units of
Slide 5: Granada average rent and occupancy
• Average rent $1,290 • Average square footage 890 • July physical occupancy 88.9% 4
Slide 6: Georgetown Apartments Property Description
PROPERTY DESCRIPTION The Georgetown Apartments are located in Framingham, five minutes from the Massachusetts Turnpike and 25 minutes from Boston. The brick, colonial style mid-rise buildings are situated on eight acres and offer an array of spacious floor plans. The community includes an Olympic si
Slide 7: Georgetown average rent and occupancy
• Average rent $1,347 • Average square footage 876 • July physical occupancy 92.8% 5
Slide 8: Bayberry Hill Estates Property Description
PROPERTY DESCRIPTION The Bayberry Hill Estates community has an excellent location along Route 9, near I-90, I-495 and commuter rail access to Boston. These mid-rise residences situated on 11 acres offer lovely hilltop views and attractive landscaping. The community is in close proximity to unlimite
Slide 9: Bayberry Hill average rent and occupancy
• Built in 1971 • Average rent $1,400 • Average square footage 922 • July physical occupancy 92.5% 6
Slide 10: Royal Crest Marlboro Property Description
PROPERTY DESCRIPTION Royal Crest Estates are located in Marlboro in close proximity to Routes 90, 290 and I-495. These Tudor style garden apartments are situated on nicely landscaped grounds on 36 acres. This is a friendly community offering numerous recreational activities including an inviting poo
Slide 11: Marlboro average rent and occupancy
• Average rent $1,294 • Average square footage 904 • July physical occupancy 89.6% 7
Slide 12: Royal Crest Nashua Property Description
PROPERTY DESCRIPTION The Royal Crest community located in Nashua, NH is located near US-3 and I-495 approximately 50 minutes from Boston. The Tudor architecture and expansive grounds create a beautiful setting for the studio, one and two bedroom apartments. Situated on 88 acres, this community has a
Slide 13: Nashua average rent and occupancy
• Average rent $1,153 • Average square footage 938 • July physical occupancy 94.1% 8
Slide 14: Bay Ridge Property Description
PROPERTY DESCRIPTION Bay Ridge, owned by Aimco prior to the Flatley acquisition, is located in Nashua, NH just minutes from US-3 and I-495 approximately 50 minutes from Boston. The property is nestled in the woods surrounding a lovely four-acre lake. One and two bedroom floor plans, 188 units and 22
Slide 15: Bay Ridge square footage and occupancy
• Average square footage 912 • July physical occupancy 96.4% 9
Slide 16: Royal Crest North Andover Property Description
PROPERTY DESCRIPTION Seventy-six expansive acres provide a beautiful setting for this country club style community located at Route 125 and 114, approximately 30 minutes from downtown Boston. Spacious two and three bedroom apartments offer large kitchens and private balconies situated on meticulousl
Slide 17: North Andover average rent and occupancy
• Built in 1970 • Average rent $1,568 • Average square footage 1,169 • July physical occupancy 89.8% 10
Slide 18: Vantage Pointe Property Description
PROPERTY DESCRIPTION Vantage Pointe class A mid-rise apartments are located north of Boston near Route 128 and I-95, 25 minutes from downtown. These large two-bedroom apartments include two full baths, a large kitchen, dining room, large living room, central air-conditioning and full-sized washer an
Slide 19: Vantage Pointe average rent and occupancy
• Built in 1987 • Average rent $1,820 • Average square footage 1,300 • July physical occupancy 87.5% 11
Slide 20: Wexford Village Property Description
PROPERTY DESCRIPTION The colonial style Wexford Village is located off I-90 approximately 55 minutes west of Boston. Residents here enjoy 50 acres with gardens and impeccable landscaping. Units are one and two bedrooms and residents have a health and fitness center, pool, tennis, volleyball and more
Slide 21: Wexford Village square footage and occupancy
• Average square footage 852 • July physical occupancy 99.2% 12
Slide 22: Waterford Village Property Description
PROPERTY DESCRIPTION Waterford Village Apartments are located minutes from Routes 24 and 495 and are 45 minutes by commuter train to Boston. It is also located across the street from Bridgewater State College. This inviting community has colonial style architecture as well as colonial décor and is s
Slide 23: Waterford Village average rent and occupancy
• Average rent $1,103 • Average square footage 791 • July physical occupancy 100% 13
Slide 24: Royal Crest Fall River Property Description
PROPERTY DESCRIPTION Fall River is located approximately 52 miles south of Boston. The community offers studio, one and two bedroom units situated in a lovely wooded environment over 79 acres. Despite unemployment that has historically averaged 180% of the Massachusetts average, median single family
Slide 25: Fall River occupancy
• July physical occupancy 99.5% 14
Slide 26: Royal Crest Warwick Property Description
PROPERTY DESCRIPTION The Royal Crest community in Warwick is located off Route 95 approximately 90 minutes southwest of Boston. This community combines the charm of Tudor architecture with state-of-the-art facilities for contemporary living. Apartments have newly remodeled kitchens and baths with su
Slide 27: Warwick square footage and occupancy
• Average square footage 962 • July physical occupancy 99.4% 15
Slide 28: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation book and questions and answers prepared for discussion during the Boston Area Tour contain forward looking assumptions and statements including, but not limited to, pro forma results of property performance. Forward looking assumptions may include estimat
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