Aimco Enters Agreement to Sell Chicago Apartment Portfolio for $455M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
0mins
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
Wall Street analysts forecast AIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIV is 10.00 USD with a low forecast of 10.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 5.840
Low
10.00
Averages
10.00
High
10.00
Current: 5.840
Low
10.00
Averages
10.00
High
10.00
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 (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.
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Aimco Announces 2025 Distribution Tax Allocation Details
- Distribution Overview: Aimco announced a 2025 distribution of $2.83 per share for Class A Common Stock, with 100% capital gain allocation, reflecting the company's commitment to shareholder returns and stability in dividends.
- Tax Disclosure: Aimco provided detailed tax allocation information for 2025 distributions, emphasizing the impact of federal and state tax laws on shareholders and advising them to consult tax advisors for compliance.
- Strategic Review Impact: The distribution was made prior to the Aimco Board's strategic review, which may influence future capital allocation and shareholder value creation strategies.
- Shareholder Meeting Notification: Aimco will hold a special shareholder meeting to approve the
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