Aimco Announces Programmatic Joint Venture Agreement with Alaska Permanent Fund Corporation Targeting up to $1 Billion of Multifamily Development
Apartment Investment and Management Company (AIV)
Last apartment investment and management company earnings: 1/30 04:15 pm
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US:NYSE Investor Relations:
investors.aimco.com
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today that it and Alaska Permanent Fund Corporation (“APFC”) have entered into an agreement to fund up to $1 billion of future Aimco-led multifamily developments. Pursuant to the agreement, APFC will fund up to $360 million of limited partner equity into projects meeting specific criteria, including, among other items, return thresholds and minimum project size. Aimco will act as the general partner and developer, committing to at least $40 million through funding or the contribution of assets, while earning customary fees.Aimco currently controls a development pipeline with the potential to construct more than 15 million square feet, primarily concentrated in high-growth submarkets located in South Florida, and the Washington, D.C. and Denver metro areas.APFC is the largest state-level sovereign wealth fund of its kind in the United States with a total fund value of $79.5 billion
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News
- Apartment Investment and Management (NYSE: AIV) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Apartment Investment & Management Co (AIV) Reports Mixed Results Amidst Strategic Shifts [Yahoo! Finance]Yahoo! Finance
- Aimco Reports Fourth Quarter Results, Establishes 2024 Guidance, and Provides Highlights on Recent and Planned ActivitiesBusiness Wire
- Aimco Announces Fourth Quarter 2023 Earnings DateBusiness Wire
AIV
Sec Filings
- 2/29/24 - Form 8-K
- 2/14/24 - Form SC
- 2/14/24 - Form SC
- AIV's page on the SEC website