secwatch.observer — SEC 8-K summary
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Issuer:     APARTMENT INVESTMENT & MANAGEMENT CO (AIV)
CIK:        0000922864
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000950170-24-127965
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aimco provides strategic update; announces $256.5M dispositions, plans $90M shareholder return in Q1 2025
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- Announced sale of The Hamilton and 3333 Biscayne Blvd for $203.8M (AIV share); closing year-end 2024, net proceeds to retire $110M debt and return ~$90M to shareholders in Q1 2025.
- Selected buyer for Brickell Assemblage (Yacht Club & 1001 Brickell Bay Dr) with due diligence underway; closing in 2025 to retire ~$160M debt and return majority to shareholders.
- Aimco has repurchased 14M shares since 2022 ($106M); Board increased authorization to 30M shares; ISS governance score of 1.
- YTD 2024 stabilized NOI growth +4.0%; full-year revenue guidance raised to +3.75%–+4.25% (up 125 bps from beginning of year).
- New development: 34th Street Miami ultra-luxury tower (114 units, $240M total costs, 7% yield on cost). Aimco contributed ~$5M equity for 44% stake.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/922864/000095017024127965/0000950170-24-127965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/922864/000095017024127965/aiv-20241118.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127965

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