Aimco agrees to sell 7 Chicago-area apartment properties for $455M; net proceeds ~$160M

Aimco OP L.P.

Gross price $455M for 1,495 units; closing expected Q1 2026 pending loan assumption.
Non-refundable deposit total $20M by Jan 15, 2026; due diligence completed.
Net proceeds after debt and costs ~$160M; majority to be distributed to shareholders.
Buyer is LaTerra Capital Management; six Aimco subsidiaries are sellers.
Properties located in Chicago market; portfolio includes seven apartment communities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Aimco OP L.P. entered into Agreement with LaTerra Capital Management, LLC valued at $455 million (effective 2025-12-10).

Action: entry
Agreement: asset purchase
Counterparty: LaTerra Capital Management, LLC
Value: $455 million
Effective: 2025-12-10

Exact text from the filing

On December 10, 2025, Apartment Investment and Management Company (“Aimco”), through Aimco Elm Creek, L.P., Aimco Elm Creek Townhomes Three, LLC, Aimco Yorktown L.P., 2200 Grace Owner, LLC, Aimco Hyde Park Tower, L.L.C., Church Street Associates Limited Partnership, and Williamsburg Limited Partnership, each a subsidiary of Aimco, entered into an agreement (the “Agreement”) to sell its portfolio of seven apartment properties, including 1,495 units, located in the Chicago market to LaTerra Capital Management, LLC (the “buyer”) for a gross price of $455 million.

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Source: SEC EDGAR

accession 0001193125-25-319258

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