Aimco Shareholders Approve Liquidation Plan, Distributing $1.45 Per Share

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Feb 09 2026

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Should l Buy AIV?

Aimco stockholders voted to approve the Plan of Sale and Liquidation proposed by Aimco's Board of Directors at a special meeting held on February 6. Following approval of the Plan, the Board declared a $1.45 per share liquidating distribution, funded with the net proceeds of the December 2025 sale of Aimco's Brickell Assemblage, to be paid on March 13 to stockholders of record as of February 27. In addition, Aimco has entered into agreements with four separate buyers to sell 12 properties at a gross price of approximately $680M, with approximately $30M of non-refundable deposits in place. If all of the properties currently under contract close as planned, Aimco expects to distribute 85c-95c per share during Q2, after accounting for the retirement of property level debt, transaction costs, and the planned payoff of approximately $110M of construction debt and preferred equity borrowings. In addition to those properties currently under contract to sell, Aimco is marketing for sale its remaining stabilized properties and plans to bring the entirety of its land, development and lease-up properties to market by the middle of 2026.

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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.

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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.

Aimco to Report Q4 2025 Results on March 2, 2026

5 hours agoPRnewswire

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.

Apartment Investment Declares $1.45 Liquidating Dividend with 98.14% Yield

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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.
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