secwatch.observer — SEC 8-K summary
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Issuer:     APARTMENT INVESTMENT & MANAGEMENT CO (AIV)
CIK:        0000922864
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950170-24-067983
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aimco updates on asset sales, development pipeline, and capital allocation at REITweek 2024
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- Stabilized NOI up 6.5% in Q1 2024; revenue growth guidance +1.75-3.75% for 2024.
- Marketing Miami waterfront assets (Brickell Assemblage, The Hamilton) for sale; expects to close by end of 2024.
- Since 2022 repurchased 11M shares for $80M; authorization increased to 30M shares.
- Current development projects to complete in 2024, projected average yield ~7% at stabilization.
- 100% of debt fixed or hedged; weighted average cost 5.51%; near-term maturities ~$9M (1% of total).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/922864/000095017024067983/0000950170-24-067983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/922864/000095017024067983/aiv-20240603.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-067983

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer