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.

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