Sale of Properties and Completion of Asset Disposition

On December 22, 2025, Apartment Investment and Management Company (Aimco) completed the sale of its Brickell Assemblage in Miami, Florida, for $520 million. The sale included properties at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive. The buyer financed $85 million of the purchase price with seller financing notes from Aimco. Aimco plans to monetize these notes and distribute the majority of the net proceeds to shareholders. Additionally, on December 23, 2025, Aimco entered into an agreement to sell two additional properties, located in Plantation, Florida, and Nashville, Tennessee, for $155 million. These properties comprise 660 apartment homes. The buyer has made a $5 million non-refundable deposit, and the closing is anticipated in the first quarter of 2026, contingent upon the assumption of in-place mortgage loans. This transaction is part of Aimco's strategy to monetize assets and return capital to its stockholders.