Aimco Enters Agreement to Sell Chicago Apartment Portfolio for $455M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Should l Buy AIV?
Apartment Investment and Management Company has entered into a definitive agreement with LaTerra Capital Management, in partnership with Respark Residential, LLC, to sell its portfolio of seven apartment properties, including 1,495 units, located in the Chicago market for $455M. The buyer has completed due diligence and funded, in part, a non-refundable deposit that will, under the terms of the agreement, total $20M by January 15, 2026. Closing is scheduled for the first quarter of 2026, pending assumption of the in-place mortgage loans, the approval of which is currently being pursued. Net proceeds from the sale of the Chicago portfolio, when accounting for associated property-level debt and transaction costs, are expected to be approximately $160M. If closing occurs as planned, Aimco intends to distribute the majority of net proceeds to shareholders, pursuant to Aimco's "Plan of Sale and Liquidation" which we expect to put before shareholders for approval in early 2026.
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Analyst Views on AIV
About AIV
Apartment Investment and Management Company is a diversified real estate company primarily focused on value-added and opportunistic investments, targeting the United States multifamily sector. The Company operates through three segments, namely, Development and Redevelopment, Operating, and Other. The Development and Redevelopment segment includes properties that are under construction or have not achieved and maintained stabilization, as well as land assemblages that are held for future development. Its Operating segment includes approximately 20 residential apartment communities that have achieved stabilized levels of operations. The Other segment consists of properties that are not included in its Development and Redevelopment or Operating segments. Its Development and Redevelopment segment includes approximately nine rental communities, including one under construction and three substantially completed and in lease-up. Its other segment includes The Benson Hotel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Aimco to Report Q4 2025 Results on March 2, 2026
- Earnings Release Schedule: Aimco plans to report its Q4 2025 results on March 2, 2026, after market close, with the earnings available on its investor relations website, demonstrating the company's commitment to transparency and shareholder communication.
- Strategic Liquidation Plan: On February 6, 2026, Aimco's common stockholders approved the Plan of Sale and Liquidation, aimed at maximizing shareholder returns through the orderly sale of all assets, reflecting a strong focus on shareholder interests.
- Asset Sale Strategy: Aimco intends to sell all assets in an orderly manner during the liquidation process and return net proceeds and cash to shareholders after settling liabilities, which will significantly impact the company's financial structure and future direction.
- Mission Shift: Prior to the liquidation plan, Aimco's mission was focused on multifamily investments in targeted U.S. markets, and this shift marks a significant strategic adjustment that may affect its long-term positioning in the real estate market.
See More
Aimco to Report Q4 2025 Results on March 2, 2026
- Earnings Release Schedule: Aimco plans to report its Q4 2025 results on March 2, 2026, after market close, with the earnings available on its investor relations website, reflecting the company's commitment to transparency and shareholder communication.
- Strategic Liquidation Plan: On February 6, 2026, Aimco's common stockholders approved the Plan of Sale and Liquidation, aimed at maximizing shareholder returns through the orderly sale of all assets, indicating proactive measures in response to market challenges.
- Asset Disposal Strategy: Aimco intends to sell all assets in an orderly manner during the liquidation process and return net proceeds and cash to shareholders after settling liabilities, which will directly impact the company's financial health and shareholder value.
- Mission Shift: Prior to the liquidation plan, Aimco's mission focused on multifamily investments in targeted U.S. markets, and the implementation of the liquidation plan signifies a significant shift in the company's strategic direction, potentially affecting its future market positioning and investor confidence.
See More
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- High Yield: The forward yield of 98.14% is exceptionally attractive, likely drawing in investors seeking high returns while potentially boosting the stock's market performance, indicating the stability of the company’s asset values.
- Asset Sale Progress: AIV has closed on the sale of its Brickell assets and is in a pact to sell two more properties, which is expected to generate substantial cash flow, supporting future investments and shareholder return strategies.
- Chicago Portfolio Transaction: The company plans to sell its Chicago apartment portfolio for $455 million, a move that not only optimizes asset allocation but also provides additional capital for other strategic investments.
See More
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- Approval of Liquidation Plan: Aimco shareholders overwhelmingly approved the liquidation plan at a special meeting on February 6, 2026, indicating strong investor confidence in the company's asset disposal strategy aimed at maximizing shareholder value.
- Dividend Declaration: The Board announced a liquidating distribution of $1.45 per share to be paid on March 13, 2026, to shareholders of record as of February 27, 2026, demonstrating the company's ability to return capital to shareholders following asset sales.
- Asset Sale Progress: Aimco has entered into agreements with four buyers to sell 12 properties for approximately $680 million, with about $30 million in non-refundable deposits received, reflecting strong market demand for its assets.
- Future Distribution Expectations: If all contracted properties close as planned, Aimco expects to distribute between $0.85 and $0.95 per share in the second quarter, highlighting the company's focus on debt management and commitment to shareholder returns during the liquidation process.
See More
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- Approval of Liquidation Plan: Aimco shareholders overwhelmingly approved the liquidation plan at a special meeting on February 6, 2026, indicating strong consensus among shareholders regarding the company's future direction aimed at maximizing shareholder value.
- Dividend Declaration: The Board announced a liquidating distribution of $1.45 per share to be paid on March 13, 2026, to shareholders of record as of February 27, 2026, demonstrating the company's ability to provide returns to shareholders post-asset disposal.
- Asset Sale Progress: Aimco has entered into agreements with four buyers to sell 12 properties for approximately $680 million, with about $30 million in non-refundable deposits received, reflecting strong market demand for its assets.
- Future Distribution Expectations: If all contracted properties close as planned, Aimco expects to distribute between $0.85 and $0.95 per share in the second quarter, showcasing the company's commitment to shareholders and its financial stability during the liquidation process.
See More
Aimco (AIV) Announces 2025 Federal Income Tax Allocation for Distributions
- Distribution Overview: Aimco announced the federal income tax allocation for its 2025 Class A Common Stock distributions, with a total distribution of $2.83 per share, reflecting the company's ongoing efforts to maintain stable cash flow and bolster shareholder confidence.
- Capital Gain Distribution: The 2025 distributions feature a 100% capital gain allocation, indicating Aimco's effectiveness in asset management and capital allocation, which may attract more investor interest in future investment opportunities.
- Tax Transparency: Aimco advises shareholders to consult tax advisors regarding the varying federal and state tax implications of their distributions, demonstrating the company's commitment to compliance and transparency in financial reporting.
- Strategic Review Impact: The distributions were made prior to the Board's strategic review, which may influence future asset sale and liquidation plans, showcasing the company's flexibility in adjusting strategies to adapt to market changes.
See More
Aimco to Report Q4 2025 Results on March 2, 2026
- Earnings Release Schedule: Aimco plans to report its Q4 2025 results on March 2, 2026, after market close, with the earnings available on its investor relations website, demonstrating the company's commitment to transparency and shareholder communication.
- Strategic Liquidation Plan: On February 6, 2026, Aimco's common stockholders approved the Plan of Sale and Liquidation, aimed at maximizing shareholder returns through the orderly sale of all assets, reflecting a strong focus on shareholder interests.
- Asset Sale Strategy: Aimco intends to sell all assets in an orderly manner during the liquidation process and return net proceeds and cash to shareholders after settling liabilities, which will significantly impact the company's financial structure and future direction.
- Mission Shift: Prior to the liquidation plan, Aimco's mission was focused on multifamily investments in targeted U.S. markets, and this shift marks a significant strategic adjustment that may affect its long-term positioning in the real estate market.
See More
Aimco to Report Q4 2025 Results on March 2, 2026
- Earnings Release Schedule: Aimco plans to report its Q4 2025 results on March 2, 2026, after market close, with the earnings available on its investor relations website, reflecting the company's commitment to transparency and shareholder communication.
- Strategic Liquidation Plan: On February 6, 2026, Aimco's common stockholders approved the Plan of Sale and Liquidation, aimed at maximizing shareholder returns through the orderly sale of all assets, indicating proactive measures in response to market challenges.
- Asset Disposal Strategy: Aimco intends to sell all assets in an orderly manner during the liquidation process and return net proceeds and cash to shareholders after settling liabilities, which will directly impact the company's financial health and shareholder value.
- Mission Shift: Prior to the liquidation plan, Aimco's mission focused on multifamily investments in targeted U.S. markets, and the implementation of the liquidation plan signifies a significant shift in the company's strategic direction, potentially affecting its future market positioning and investor confidence.
See More
Apartment Investment Declares $1.45 Liquidating Dividend with 98.14% Yield
- Liquidating Dividend Announcement: Apartment Investment (AIV) has declared a liquidating dividend of $1.45 per share, payable on March 13, which reflects strong cash flow post-asset disposals and enhances investor confidence in the company’s financial health.
- High Yield: The forward yield of 98.14% is exceptionally attractive, likely drawing in investors seeking high returns while potentially boosting the stock's market performance, indicating the stability of the company’s asset values.
- Asset Sale Progress: AIV has closed on the sale of its Brickell assets and is in a pact to sell two more properties, which is expected to generate substantial cash flow, supporting future investments and shareholder return strategies.
- Chicago Portfolio Transaction: The company plans to sell its Chicago apartment portfolio for $455 million, a move that not only optimizes asset allocation but also provides additional capital for other strategic investments.
See More
Aimco Shareholders Approve Liquidation Plan
- Approval of Liquidation Plan: Aimco shareholders overwhelmingly approved the liquidation plan at a special meeting on February 6, 2026, indicating strong investor confidence in the company's asset disposal strategy aimed at maximizing shareholder value.
- Dividend Declaration: The Board announced a liquidating distribution of $1.45 per share to be paid on March 13, 2026, to shareholders of record as of February 27, 2026, demonstrating the company's ability to return capital to shareholders following asset sales.
- Asset Sale Progress: Aimco has entered into agreements with four buyers to sell 12 properties for approximately $680 million, with about $30 million in non-refundable deposits received, reflecting strong market demand for its assets.
- Future Distribution Expectations: If all contracted properties close as planned, Aimco expects to distribute between $0.85 and $0.95 per share in the second quarter, highlighting the company's focus on debt management and commitment to shareholder returns during the liquidation process.
See More
Aimco Shareholders Approve Liquidation Plan
- Approval of Liquidation Plan: Aimco shareholders overwhelmingly approved the liquidation plan at a special meeting on February 6, 2026, indicating strong consensus among shareholders regarding the company's future direction aimed at maximizing shareholder value.
- Dividend Declaration: The Board announced a liquidating distribution of $1.45 per share to be paid on March 13, 2026, to shareholders of record as of February 27, 2026, demonstrating the company's ability to provide returns to shareholders post-asset disposal.
- Asset Sale Progress: Aimco has entered into agreements with four buyers to sell 12 properties for approximately $680 million, with about $30 million in non-refundable deposits received, reflecting strong market demand for its assets.
- Future Distribution Expectations: If all contracted properties close as planned, Aimco expects to distribute between $0.85 and $0.95 per share in the second quarter, showcasing the company's commitment to shareholders and its financial stability during the liquidation process.
See More
Aimco (AIV) Announces 2025 Federal Income Tax Allocation for Distributions
- Distribution Overview: Aimco announced the federal income tax allocation for its 2025 Class A Common Stock distributions, with a total distribution of $2.83 per share, reflecting the company's ongoing efforts to maintain stable cash flow and bolster shareholder confidence.
- Capital Gain Distribution: The 2025 distributions feature a 100% capital gain allocation, indicating Aimco's effectiveness in asset management and capital allocation, which may attract more investor interest in future investment opportunities.
- Tax Transparency: Aimco advises shareholders to consult tax advisors regarding the varying federal and state tax implications of their distributions, demonstrating the company's commitment to compliance and transparency in financial reporting.
- Strategic Review Impact: The distributions were made prior to the Board's strategic review, which may influence future asset sale and liquidation plans, showcasing the company's flexibility in adjusting strategies to adapt to market changes.
See More
