Aimco agrees to sell five Boston-area apartment properties for $740M gross, net ~$485M

Aimco OP L.P.

Gross sale price $740M; buyer HGI Acquisitions made $20M non-refundable deposit.
Net proceeds after property-level debt expected ~$485M; majority to be returned to shareholders.
Four closings targeted in Q3 2025; fifth property closing in Q4 to facilitate loan assumption.

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