Apartment Investment and Management Board Approves Plan Of Sale And Liquidation For Expected Total Per Share Distribution Between $5.75 To $7.10/Share

Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the conclusion of the strategic review process and third quarter results for 2025.

Given the disparate composition of Aimco's remaining assets and the market feedback received during a robust strategic process with Morgan Stanley & Co. LLC ("Morgan Stanley") and Wachtell, Lipton, Rosen & Katz ("Wachtell") serving as the Company's financial and legal advisors, respectively, the Aimco Board of Directors has unanimously determined that the targeted marketing and orderly sale of Aimco's remaining assets in a series of transactions is likely to deliver superior value to shareholders, as compared to other strategic alternatives currently available or by maintaining the status quo.

Therefore, the Aimco Board of Directors has determined advisable and approved a "Plan of Sale and Liquidation," conditioned on shareholder approval, which will be sought during early 2026. A Plan of Sale and Liquidation would allow for the acceleration of asset sales, establishes the most tax efficient manner of monetizing the Company's remaining assets, and does not preclude a corporate transaction or the sale of the Aimco platform in the future.  Aimco intends to return net proceeds from asset sales to shareholders, subject to payment of Aimco's liabilities and obligations, and the creation of associated reserves.