Aimco OP L.P.: M&A transaction — Aimco sells Chicago portfolio of 7 properties for $455M; buyer assumes $282.5M debt

Aimco OP L.P.

Sale of 7 Chicago apartment properties completed on March 27, 2026 to LaTerra Capital Management for gross proceeds of $455M.
$282.5M of non-recourse property debt assumed by the Purchaser at closing.
Portfolio included 1,495 units at Eldridge, Elm Creek, Evanston Place, Yorktown, 2200 Grace, Hyde Park Tower, and Willow Bend.
Estimated net cash proceeds to Aimco of ~$152.6M after debt assumption and transaction costs.
Sale will be accounted for as a discontinued operation, reflected in the Q1 2026 Form 10-Q.

item 2.01 item 9.01

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 LaTerra Capital Management, LLC for $455 million (closed 2026-03-27).

Action: disposition
Counterparty: LaTerra Capital Management, LLC
Consideration: $455 million
Closing: 2026-03-27

Exact text from the filing

apartment properties, including 1,495 units, located in the Chicago market (the “Chicago Portfolio”) to LaTerra Capital Management, LLC (the “Purchaser”) for a gross price of $455 million. The Purchaser is not affiliated with the Seller. On March 27, 2026, the Company completed the sale of the Chicago Portfolio. In connection with the sale, $282.5 million of

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Source: SEC EDGAR

accession 0001193125-26-132051

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