Aimco OP L.P.: M&A transaction — Aimco sells four Boston properties for $490M; declares $2.23 special dividend

Aimco OP L.P.

Closed sale of Royal Crest Estates (Marlboro & Warwick), Waterford Village, and Wexford Village for $490M cash.
Revolving credit facility repaid with proceeds; fifth property (Royal Crest Estates Nashua) under contract for $250M, expected Q4 2025.
Buyer paid $20M non-refundable deposit; sale treated as discontinued operation beginning Q3 2025.
Declared special cash dividend of $2.23 per share from sale proceeds.
Pro forma balance sheet shows cash & equivalents of $399.8M vs. $41.4M as reported June 30, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Aimco OP L.P. completed a disposition involving HGI Acquisitions, LLC for $490 million paid in cash (closed 2025-09-09).

Action: disposition
Counterparty: HGI Acquisitions, LLC
Consideration: $490 million paid in cash
Closing: 2025-09-09

Exact text from the filing

On September 9, 2025, the Company completed the sale of four of the five properties located in suburban Boston to the Purchaser for an aggregate purchase price of $490 million paid in cash.

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Source: SEC EDGAR

accession 0001193125-25-203790

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